ACTIVE

For Thunes

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Financial year 2025 · closed on 31/12/2025
Net result
-20,8 k €
-81.7% YoY
Gross margin
-19,2 k €
-397.4% YoY
Equity
-13,5 k €
-285.4% YoY

What does For Thunes do?

For Thunes is a Private limited company incorporated in 2020. Its main activity is: Sound recording and music publishing activities. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0744.457.875
Incorporation
26/02/2020
Legal form
Private limited company
Registered office
Rue des Roses 4
1000 Bruxelles · BruxellesSee on map
Contributed capital
3 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
59209Sound recording and music publishing activities· main59209Sound recording and music publishing activities58110Book publishing58110Book publishing59130Motion picture, video and television programme distribution activities59130Motion picture, video and television programme distribution activities+10
Contacts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin-19,2 k €6,5 k €54 k €-31,2 k €4,6 k €-1,1 k €
EBITDA-19,6 k €-9,6 k €53,2 k €-31,2 k €4,2 k €-1,5 k €
Operating result-20,8 k €-10,8 k €52 k €-33,2 k €2,7 k €-2,3 k €
Net result-20,8 k €-11,5 k €49,4 k €-33,9 k €2,6 k €-2,4 k €
Balance sheet
Equity-13,5 k €7,3 k €18,8 k €-30,7 k €3,2 k €562,6 €
Total assets93,5 k €109,8 k €146,3 k €48 k €202,4 k €66,4 k €
Cash48 €35,1 k €41,5 k €5,8 k €30,8 k €3,1 k €
Debts107,1 k €102,5 k €127,5 k €78,7 k €199,2 k €61,8 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

LUCA PECORARO

Director · since 01 mai 2023

Active
MAX MELI

Director · since 25 février 2020

Active

Ended mandates

MAX MELI

Director · since 22 juin 2020

Ended
Les Editions Limitées

Director · since 26 février 2020 · 0686.632.514

Represented by MAX MELI

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202126/02/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months11 months
Filing date26/08/202619/08/202524/06/202404/04/202305/08/202222/03/2021
General meeting18/08/202614/08/202517/06/202423/03/202303/08/202215/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/08/202626/08/2026FrenchPDF
Abridged model31/12/202414/08/202519/08/2025FrenchPDF
Abridged model31/12/202317/06/202424/06/2024FrenchPDF
Abridged model31/12/202223/03/202304/04/2023FrenchPDF
Abridged model31/12/202103/08/202205/08/2022FrenchPDF
Abridged model31/12/202015/03/202122/03/2021FrenchPDF
Estimate

Indicative valuation

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 · 2 active · 2 ended

Active mandates

LUCA PECORARO

Director · since 01 mai 2023

Active
MAX MELI

Director · since 25 février 2020

Active

Ended mandates

MAX MELI

Director · since 22 juin 2020

Ended
Les Editions Limitées

Director · since 26 février 2020 · 0686.632.514

Represented by MAX MELI

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/05/2024
    Nomination de monsieur PECORARO Luca au poste
    PDF
  • Other09/11/2023
    OBJET
    PDF
  • Registered office06/02/2023
    SIEGE SOCIAL
    PDF
  • Mandates30/06/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Other28/02/2020
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-20,8 k €↓
  2. 2024
    Annual accounts 2024-11,5 k €↓
  3. 2023
    Annual accounts 202349,4 k €↑
  4. 2022
    Annual accounts 2022-33,9 k €↓
  5. 2021
    Annual accounts 20212,6 k €↑
  6. 2020
    Annual accounts 2020-2,4 k €
  7. 26/02/2020
    IncorporationPrivate limited company