ACTIVE

FORWIN

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result77,9 k €-8,8 %over 1 year

Gross margin805,1 k €-11,2 %over 1 year

Equity220,5 k €+5,7 %over 1 year

Workforce11,9 ETP+0,8 %over 1 year

Identity

Source · BCE/KBO

FORWIN is a Private limited company incorporated in 2009. Its main activity is: Restaurants and mobile food service activities. Its registered office is in Messancy. It employs on average 11,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0821.177.551
Incorporation: 07/12/2009
Legal form: Private limited company
Registered office: Rue d'Arlon 220
6780 Messancy · WallonieSee on map
Contributed capital: 107 500,00 €
Latest accounts: 31/12/2025
Average workforce: 11,9 ETP

Activities (NACE)

56102Restaurants and mobile food service activities· main 56112Restaurants and mobile food service activities 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities

Joint committees (1)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	805,1 k €	-11.2%	906,7 k €	+24.1%	730,4 k €	+12.7%	648 k €	-0.8%	653 k €
EBITDA	200,9 k €	-18.2%	245,5 k €	+58.4%	155 k €	-15.6%	183,6 k €	-28.4%	256,3 k €
Operating result	116,6 k €	-9.6%	129 k €	+114%	60,3 k €	+19.8%	50,4 k €	-64.8%	143,2 k €
Net result	77,9 k €	-8.8%	85,5 k €	+141%	35,4 k €	-3.5%	36,7 k €	-69.5%	120,4 k €
Balance sheet
Equity	220,5 k €	+5.7%	208,6 k €	+69.5%	123,1 k €	+0.3%	122,7 k €	+1.4%	121 k €
Total assets	739,4 k €	+4.6%	707 k €	-13.5%	817,7 k €	+13.2%	722,3 k €	-2.3%	739,6 k €
Cash	203,9 k €	-19.9%	254,5 k €	+5.1%	242,2 k €	+55.1%	156,1 k €	-27.9%	216,5 k €
Debts	518,9 k €	+4.1%	498,4 k €	-28.3%	694,7 k €	+15.9%	599,6 k €	-3.1%	618,6 k €
Other
Workforce	11,9 ETP	+0.8%	11,8 ETP	+11.3%	10,6 ETP	-4.5%	11,1 ETP	+0.9%	11,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TARTARUGA SARLRepresented by Xavier GERARD	DirectorManager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Xavier VAESEN	Manager2013 accounts

Other companies at this address

Rue d'Arlon 220 6780 Messancy

Company	CBE no.
AMKO● Active	1032.177.493
AREL FRITES CORA● Active	0479.108.437
BYHAGYM● Active	1025.539.527
CADRABEL● Active	0777.705.715
DISTRICORE SRL● Active	1028.219.004
HARMONIE 2● Active	0508.665.426
L'OCCITANA PIZZERIA● Bankrupt	0734.943.066
MOBILITY● Active	1015.732.728
Orlando GSM● Bankrupt	1018.705.975

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/08/2026	31/08/2025	13/08/2024	01/09/2023	26/07/2022	10/08/2021
General meeting	30/06/2026	28/06/2025	15/06/2024	30/06/2023	18/06/2022	19/06/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	25/08/2026	French	PDF
Abridged model	31/12/2024	28/06/2025	31/08/2025	French	PDF
Abridged model	31/12/2023	15/06/2024	13/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	01/09/2023	French	PDF
Abridged model	31/12/2021	18/06/2022	26/07/2022	French	PDF
Abridged model	31/12/2020	19/06/2021	10/08/2021	French	PDF
Abridged model	31/12/2019	20/06/2020	26/08/2020	French	PDF
Abridged model	31/12/2018	15/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	16/06/2018	26/06/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	26/07/2017	French	PDF
Abridged model	31/12/2015	18/06/2016	19/07/2016	French	PDF
Abridged model	31/12/2014	20/06/2015	14/08/2015	French	PDF
Abridged model	31/12/2013	21/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	15/06/2013	31/10/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	18/06/2011	24/08/2011	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TARTARUGA SARLRepresented by Xavier GERARD	DirectorManager2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Xavier VAESEN	Manager2013 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other16/12/2009
CONSTITUTION
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

TARTARUGA SARL

Xavier VAESEN

200920102011201220132014201520162017201820192020202120222023202420252026

FORWIN

Rue d'Arlon 220, 6780 Messancy

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue d'Arlon 220, 6780 MessancyCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00423118

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FORWINCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00423118

Events

2025
Annual accounts 202577,9 k €↓
2024
Annual accounts 202485,5 k €↑
2023
Annual accounts 202335,4 k €↓
2022
Annual accounts 202236,7 k €↓
2021
Annual accounts 2021120,4 k €↑
2020
Annual accounts 202076,9 k €↑
2019
Annual accounts 201930,3 k €↑
2018
Annual accounts 20182,6 k €↑
2017
Annual accounts 2017-25,7 k €↑
2016
Annual accounts 2016-89,2 k €↓
2015
Annual accounts 201510,2 k €↑
2014
Annual accounts 2014-54 k €↓
2013
Annual accounts 2013-4,8 k €↓
2012
Annual accounts 2012-2,5 k €↓
2011
Annual accounts 201115,6 k €↓
2010
Annual accounts 201052,8 k €
07/12/2009
IncorporationPrivate limited company

FORWIN

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events