ACTIVE

FrontForce

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Financial year 2025 · closed on 31/12/2025

Net result

-216,9 k €

-210.3% YoY

Gross margin

2,5 M €

-5.0% YoY

Equity

287,2 k €

-43.0% YoY

Workforce

22,9 ETP

-9.5% YoY

What does FrontForce do?

FrontForce is a Public limited company incorporated in 2019. Its main activity is: Computer programming activities. Its registered office is in Antwerpen. It employs on average 22,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0736.767.161

Incorporation

25/10/2019

Legal form

Public limited company

Registered office

Romeynsweel 7
2030 Antwerpen · FlandreSee on map

Contributed capital

1 000 000,00 €

Latest accounts

31/12/2025

Average workforce

22,9 ETP

Activities (NACE)

62010Computer programming activities· main 62090Other information technology and computer service activities 62100Computer programming, consultancy and related activities 62900Computer programming, consultancy and related activities 43211Electrical installation 43211Electrical installation+7

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 6 financial years

	2025		2024		2023		2022		2021		2020
Income statement
Gross margin	2,5 M €	-5.0%	2,6 M €	-7.5%	2,9 M €	+11.2%	2,6 M €	+19.5%	2,2 M €		–
EBITDA	-65,5 k €	-186%	76,2 k €	-62.4%	202,4 k €	+27.6%	158,6 k €	+42.5%	111,3 k €	-39.1%	182,6 k €
Operating result	-167,4 k €	-665%	-21,9 k €	-140%	54,6 k €	+31.0%	41,7 k €	+256%	-26,8 k €	-152%	51,4 k €
Net result	-216,9 k €	-210%	-69,9 k €	-414%	22,3 k €	-25.5%	29,9 k €	+183%	-36,1 k €	-221%	29,8 k €
Balance sheet
Equity	287,2 k €	-43.0%	504,2 k €	-12.2%	574,1 k €	+4.0%	551,8 k €	+5.7%	521,9 k €	-6.5%	558,0 k €
Total assets	2,1 M €	-15.2%	2,5 M €	+14.4%	2,2 M €	-26.1%	3,0 M €	+24.5%	2,4 M €	-10.0%	2,6 M €
Cash	456,8 k €	+63.9%	278,6 k €	+328%	65,0 k €	-65.2%	186,9 k €	-45.7%	344,5 k €	+4306351%	8,0 €
Debts	1,8 M €	-7.8%	1,9 M €	+26.1%	1,5 M €	-35.9%	2,4 M €	+30.2%	1,8 M €	-11.3%	2,0 M €
Other
Workforce	22,9 ETP	-9.5%	25,3 ETP	-4.2%	26,4 ETP	+9.1%	24,2 ETP	+6.6%	22,7 ETP	+8.1%	21,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Something Is Happening Here bv

Director · since 04 mai 2026 · until 15 avril 2030

Represented by Dennis de Breij

Active

Beehive Business BV.

Director · since 01 juillet 2025 · until 15 avril 2030

Represented by Robert Tillemans

Active

Ernst Alexander Nijkerk

Chairman of the board of directors · since 01 juillet 2025 · until 15 avril 2030

Active

Ended mandates

Beehive Business B.V.

Director · since 25 octobre 2019 · until 21 avril 2025

Represented by Robert Tillemans

Ended

BEEHIVE BUSINESS B.V.

Director · since 25 octobre 2019 · until 21 avril 2025

Represented by Robert TILLEMANS

Ended

Beehive Business BV.

Director · since 25 octobre 2019 · until 30 juin 2025

Represented by Robert Tillemans

Ended

Ernst Alexander Nijkerk

Chairman of the board of directors · since 25 octobre 2019 · until 21 avril 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Conscia Belgium NV● Active	0736.767.062
FERRANTI COMPUTER SYSTEMS● Active	0416.296.878
Ferranti Group● Active	1037.666.111
NCS Systems● Active	0473.783.236
NIJKERK ELECTRONICS● Active	0473.782.939
Nijkerk Holding België● Active	0836.663.996

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	16/07/2025	12/07/2024	28/07/2023	04/07/2022	25/06/2021
General meeting	30/06/2026	30/06/2025	05/07/2024	26/06/2023	27/06/2022	21/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Abridged model	31/12/2023	05/07/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	28/07/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	21/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	18/06/2020	28/07/2020	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 7 ended

Active mandates

Something Is Happening Here bv

Director · since 04 mai 2026 · until 15 avril 2030

Represented by Dennis de Breij

Active

Beehive Business BV.

Director · since 01 juillet 2025 · until 15 avril 2030

Represented by Robert Tillemans

Active

Ernst Alexander Nijkerk

Chairman of the board of directors · since 01 juillet 2025 · until 15 avril 2030

Active

Ended mandates

Beehive Business B.V.

Director · since 25 octobre 2019 · until 21 avril 2025

Represented by Robert Tillemans

Ended

BEEHIVE BUSINESS B.V.

Director · since 25 octobre 2019 · until 21 avril 2025

Represented by Robert TILLEMANS

Ended

Beehive Business BV.

Director · since 25 octobre 2019 · until 30 juin 2025

Represented by Robert Tillemans

Ended

Ernst Alexander Nijkerk

Chairman of the board of directors · since 25 octobre 2019 · until 21 avril 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2026
Ontslag en benoemingen
PDF
Mandates24/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/02/2020
KAPITAAL - AANDELEN
PDF
Other07/02/2020
DIVERSEN
PDF
Other09/01/2020
BOEKJAAR
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-216,9 k €↓
2024
Annual accounts 2024-69,9 k €↓
2023
Annual accounts 202322,3 k €↓
2022
Annual accounts 202229,9 k €↑
2021
Annual accounts 2021-36,1 k €↓
2020
Annual accounts 202029,8 k €
25/10/2019
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FrontForce

Overview

What does FrontForce do?

Trend over 6 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline