ACTIVE

FORTITUDO

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Financial year 2025 · closed on 31/12/2025

Net result

25,2 k €

-19.8% YoY

Gross margin

34,4 k €

-30.9% YoY

Equity

291,2 k €

+9.2% YoY

What does FORTITUDO do?

FORTITUDO is a Private limited company incorporated in 2004. Its main activity is: Computer consultancy activities. Its registered office is in Westerlo.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.697.086

Incorporation

09/06/2004

Legal form

Private limited company

Registered office

De Reid 68
2260 Westerlo · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	34,4 k €	-30.9%	49,8 k €	+0.4%	49,6 k €	-11.2%	55,8 k €	+46.5%	38,1 k €	-2.6%	39,1 k €	+42.1%	27,5 k €	-11.0%	30,9 k €	-28.3%	43,1 k €	+28.5%	33,6 k €	-11.6%	37,9 k €	+648%	5,1 k €	-38.9%	8,3 k €	-12.9%	9,5 k €	+68.5%	5,7 k €	+12.1%	5 k €	+3840%	-134,9 €	-111%	1,3 k €	+212%	-1,1 k €	-259%	703,9 €
EBITDA	34 k €	-30.2%	48,8 k €	+1.0%	48,3 k €	-11.2%	54,4 k €	+45.2%	37,4 k €	-2.8%	38,5 k €	+42.9%	27 k €	-11.3%	30,4 k €	-28.7%	42,6 k €	+29.5%	32,9 k €	-10.8%	36,9 k €	+636%	5 k €	-39.2%	8,2 k €	-12.9%	9,5 k €	+72.9%	5,5 k €	+11.0%	4,9 k €	+1671%	-313,7 €	-127%	1,1 k €	+183%	-1,4 k €	-1101%	137,5 €
Operating result	33,8 k €	-22.3%	43,5 k €	+5.7%	41,1 k €	-13.9%	47,8 k €	+30.5%	36,6 k €	-0.8%	36,9 k €	+45.7%	25,3 k €	-5.0%	26,7 k €	-21.2%	33,8 k €	+40.2%	24,1 k €	-22.3%	31 k €	+519%	5 k €	-38.8%	8,2 k €	-13.0%	9,4 k €	+73.6%	5,4 k €	+11.2%	4,9 k €	+1453%	-360,9 €	-131%	1,1 k €	+182%	-1,4 k €	-1924%	76,9 €
Net result	25,2 k €	-19.8%	31,4 k €	+10.9%	28,3 k €	-17.0%	34,1 k €	+32.3%	25,8 k €	-3.3%	26,6 k €	+50.9%	17,7 k €	-4.6%	18,5 k €	-12.9%	21,3 k €	+37.1%	15,5 k €	-17.7%	18,8 k €	+419%	3,6 k €	-36.2%	5,7 k €	-10.1%	6,3 k €	+74.6%	3,6 k €	-18.6%	4,5 k €	+1310%	-368,3 €	-133%	1,1 k €	+181%	-1,4 k €	-2525%	57,5 €
Balance sheet
Equity	291,2 k €	+9.2%	266,8 k €	+13.0%	236,1 k €	+13.2%	208,5 k €	+19.1%	175 k €	+16.8%	149,9 k €	+21.6%	123,2 k €	+16.7%	105,5 k €	+20.4%	87,6 k €	+32.0%	66,4 k €	+30.5%	50,9 k €	+97.0%	25,8 k €	+16.4%	22,2 k €	+34.5%	16,5 k €	+62.3%	10,2 k €	+55.5%	6,5 k €	+214%	2,1 k €	-15.0%	2,4 k €	+84.8%	1,3 k €	-51.3%	2,7 k €
Total assets	340,4 k €	+10.7%	307,6 k €	+12.4%	273,6 k €	+8.7%	251,7 k €	+28.6%	195,7 k €	+15.9%	168,8 k €	+20.8%	139,8 k €	+14.6%	122 k €	+15.6%	105,5 k €	+13.7%	92,8 k €	+9.2%	85 k €	+174%	31 k €	+17.5%	26,4 k €	+32.3%	19,9 k €	+58.1%	12,6 k €	+46.2%	8,6 k €	+134%	3,7 k €	-6.7%	4 k €	+32.3%	3 k €	-33.0%	4,5 k €
Cash	293,5 k €	+52.1%	193 k €	+6.6%	181 k €	-21.4%	230,3 k €	+26.5%	182 k €	+16.9%	155,7 k €	+21.5%	128,2 k €	+26.3%	101,5 k €	+13.2%	89,7 k €	+29.0%	69,5 k €	+31.6%	52,9 k €	+76.9%	29,9 k €	+18.9%	25,1 k €	+34.6%	18,7 k €	+56.9%	11,9 k €	+87.7%	6,3 k €	+107%	3,1 k €	+10.3%	2,8 k €	-2.0%	2,8 k €	+215%	898,3 €
Debts	49,2 k €	+20.5%	40,8 k €	+9.1%	37,4 k €	-13.2%	43,1 k €	+109%	20,7 k €	+8.8%	19 k €	+14.7%	16,6 k €	+0.8%	16,4 k €	-8.3%	17,9 k €	-32.2%	26,4 k €	-22.6%	34,1 k €	+561%	5,2 k €	+23.4%	4,2 k €	+21.5%	3,4 k €	+46.8%	2,3 k €	+14.8%	2 k €	+26.8%	1,6 k €	+6.9%	1,5 k €	-9.5%	1,7 k €	-4.6%	1,7 k €

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 · 1 active · 3 ended

Active mandates

Werner Scheurwegs

Director

Active

Ended mandates

Werner Scheurweghs

Manager

Ended

Werner Scheurwegs

Administrator - manager

Ended

Werner Scheurwegs

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
INVESTITUDO● Active	1015.129.546
Maverickx● Active	1015.503.787

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	20/07/2026	19/07/2025	18/07/2024	03/06/2023	01/06/2022	26/05/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	05/05/2023	06/05/2022	07/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	20/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	19/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	05/05/2023	03/06/2023	Dutch	PDF
Micro model	31/12/2021	06/05/2022	01/06/2022	Dutch	PDF
Micro model	31/12/2020	07/05/2021	26/05/2021	Dutch	PDF
Micro model	31/12/2019	02/05/2020	18/05/2020	Dutch	PDF
Micro model	31/12/2018	03/05/2019	20/05/2019	Dutch	PDF
Micro model	31/12/2017	04/05/2018	22/05/2018	Dutch	PDF
Micro model	31/12/2016	05/05/2017	24/05/2017	Dutch	PDF
Abridged model	31/12/2015	06/05/2016	03/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/05/2015	28/05/2015	Dutch	PDF
Abridged model	31/12/2013	02/05/2014	07/05/2014	Dutch	PDF
Abridged model	31/12/2012	03/05/2013	14/05/2013	Dutch	PDF
Abridged model	31/12/2011	04/05/2012	16/05/2012	Dutch	PDF
Abridged model	31/12/2010	06/05/2011	20/05/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	12/05/2010	Dutch	PDF
Abridged model	31/12/2008	02/05/2009	13/05/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	08/05/2008	Dutch	PDF
Abridged model	31/12/2006	02/05/2007	05/06/2007	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 · 1 active · 3 ended

Active mandates

Werner Scheurwegs

Director

Active

Ended mandates

Werner Scheurweghs

Manager

Ended

Werner Scheurwegs

Administrator - manager

Ended

Werner Scheurwegs

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Registered office10/12/2020
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Registered office15/05/2007
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Other17/06/2004
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

2025
Annual accounts 202525,2 k €↓
2024
Annual accounts 202431,4 k €↑
2023
Annual accounts 202328,3 k €↓
2022
Annual accounts 202234,1 k €↑
2021
Annual accounts 202125,8 k €↓
2020
Annual accounts 202026,6 k €↑
2019
Annual accounts 201917,7 k €↓
2018
Annual accounts 201818,5 k €↓
2017
Annual accounts 201721,3 k €↑
2016
Annual accounts 201615,5 k €↓
2015
Annual accounts 201518,8 k €↑
2014
Annual accounts 20143,6 k €↓
2013
Annual accounts 20135,7 k €↓
2012
Annual accounts 20126,3 k €↑
2011
Annual accounts 20113,6 k €↓
2010
Annual accounts 20104,5 k €↑
2009
Annual accounts 2009-368,3 €↓
2008
Annual accounts 20081,1 k €↑
2007
Annual accounts 2007-1,4 k €↓
2006
Annual accounts 200657,5 €
09/06/2004
IncorporationPrivate 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

FORTITUDO

Overview

What does FORTITUDO do?

Trend over 20 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