ACTIVE

FRWRD

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Financial year 2025 · closed on 31/12/2025
Net result
1 M €
+23.6% YoY
Gross margin
3,9 M €
+32.1% YoY
Equity
1,1 M €
+10.5% YoY
Workforce
32,3 ETP
+34.6% YoY

What does FRWRD do?

FRWRD is a Private limited company incorporated in 2011. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Bredene. It employs on average 32,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0836.780.792
Incorporation
26/05/2011
Legal form
Private limited company
Registered office
Brugsesteenweg 57 C box 101
8450 Bredene · FlandreSee on map
Contributed capital
27 200,00 €
Latest accounts
31/12/2025
Average workforce
32,3 ETP
Activities (NACE)
69201Accounting, bookkeeping and auditing activities; tax consultancy· main69201Accounting, bookkeeping and auditing activities; tax consultancy69202Accounting, bookkeeping and auditing activities; tax consultancy
Joint committees (1)
  • 33600
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222018201720162015201420132012
Income statement
Gross margin3,9 M €3 M €2,4 M €1,9 M €737,3 k €708,1 k €696,3 k €607,3 k €665,9 k €635,6 k €826,2 k €
EBITDA1,9 M €1,5 M €1,3 M €945 k €284,5 k €319 k €340,5 k €300,9 k €300,8 k €261,7 k €388 k €
Operating result1,3 M €1,1 M €941 k €613,1 k €146,3 k €179,1 k €168,4 k €155,7 k €134,4 k €85,9 k €159 k €
Net result1 M €812,2 k €780,1 k €520,6 k €129,3 k €158 k €144,3 k €122,6 k €95,4 k €42,9 k €98,7 k €
Balance sheet
Equity1,1 M €1 M €985,6 k €855,4 k €31,2 k €30,9 k €30,9 k €30,6 k €30,5 k €30,1 k €29,7 k €
Total assets9,5 M €7,8 M €7,7 M €6,8 M €851 k €903,8 k €1 M €1,1 M €1,2 M €1,3 M €1,4 M €
Cash506,1 k €575,2 k €441,1 k €282,4 k €57,9 k €47 k €22,8 k €22,4 k €11,3 k €10 k €38,2 k €
Debts8,4 M €6,8 M €6,7 M €5,9 M €815,9 k €870 k €971,4 k €1 M €1,2 M €1,3 M €1,4 M €
Other
Workforce32,3 ETP24,0 ETP18,0 ETP16,4 ETP8,7 ETP8,5 ETP8,0 ETP7,0 ETP8,8 ETP9,1 ETP7,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

JucoFisc

Director · since 05 février 2019 · 0687.489.181

Represented by Jurgen Coene

Active
STIJN PUYPE CONSULTING

Director · since 26 mai 2011 · 0895.937.827

Represented by Stijn Puype

Active

Ended mandates

JucoFisc

Director · since 05 février 2019 · 0687.489.181

Represented by Jurgen COENE

Ended
JucoFisc

Manager · since 05 février 2019 · 0687.489.181

Represented by Jurgen Coene

Ended
Coene Consult

Director · since 26 mai 2011 · 0450.009.922

Represented by Coene Kurt

Ended
Coene Consult

Director · since 26 mai 2011 · until 22 juillet 2024 · 0450.009.922

Represented by Kurt COENE

Ended
At this address

Other companies at this address

CompanyCBE no.
BE-FRWRD● Active
1004.693.435
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
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 months12 months
Filing date27/07/202631/07/202529/09/202411/10/202331/08/202227/08/2021
General meeting26/07/202631/07/202527/07/202430/09/202331/07/202230/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/07/202627/07/2026DutchPDF
Abridged model31/12/202431/07/202531/07/2025DutchPDF
Abridged model31/12/202327/07/202429/09/2024DutchPDF
Abridged model31/12/202230/09/202311/10/2023DutchPDF
Abridged model31/12/202131/07/202231/08/2022DutchPDF
Abridged model31/12/202030/06/202127/08/2021DutchPDF
Abridged model31/12/201910/10/202007/11/2020DutchPDF
Abridged model31/12/201830/06/201925/07/2019DutchPDF
Abridged model31/12/201726/06/201810/07/2018DutchPDF
Abridged model31/12/201620/06/201728/06/2017DutchPDF
Abridged model31/12/201514/05/201618/05/2016DutchPDF
Abridged model31/12/201409/05/201503/06/2015DutchPDF
Abridged model31/12/201320/06/201418/07/2014DutchPDF
Abridged model31/12/201211/06/201309/07/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

JucoFisc

Director · since 05 février 2019 · 0687.489.181

Represented by Jurgen Coene

Active
STIJN PUYPE CONSULTING

Director · since 26 mai 2011 · 0895.937.827

Represented by Stijn Puype

Active

Ended mandates

JucoFisc

Director · since 05 février 2019 · 0687.489.181

Represented by Jurgen COENE

Ended
JucoFisc

Manager · since 05 février 2019 · 0687.489.181

Represented by Jurgen Coene

Ended
Coene Consult

Director · since 26 mai 2011 · 0450.009.922

Represented by Coene Kurt

Ended
Coene Consult

Director · since 26 mai 2011 · until 22 juillet 2024 · 0450.009.922

Represented by Kurt COENE

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/07/2024
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/01/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring19/08/2021
    BENAMING - DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring24/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates13/08/2020
    ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
    PDF
  • Mandates01/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/06/2011
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 20251 M €↑
  2. 2024
    Annual accounts 2024812,2 k €↑
  3. 2023
    Annual accounts 2023780,1 k €↑
  4. 2022
    Annual accounts 2022520,6 k €↑
  5. 2018
    Annual accounts 2018129,3 k €↓
  6. 2017
    Annual accounts 2017158 k €↑
  7. 2016
    Annual accounts 2016144,3 k €↑
  8. 2015
    Annual accounts 2015122,6 k €↑
  9. 2014
    Annual accounts 201495,4 k €↑
  10. 2013
    Annual accounts 201342,9 k €↓
  11. 2012
    Annual accounts 201298,7 k €
  12. 26/05/2011
    IncorporationPrivate limited company