NORMAL SITUATION

FIN FORWARD

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Financial year 2024 · closed on 20/12/2024

Net result

33,5 k €

-80.6% YoY

Gross margin

1,5 M €

-41.3% YoY

Equity

293,1 k €

+12.9% YoY

Workforce

44,1 ETP

+26.0% YoY

Company — Normal situation.

What does FIN FORWARD do?

FIN FORWARD is a company registered in Belgium. It employs on average 44,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.529.704

Legal form

Private limited company

Contributed capital

25 000,00 €

Latest accounts

20/12/2024

Average workforce

44,1 ETP

Joint committees (4)

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	-41.3%	2,6 M €	+48.5%	1,8 M €	+34.1%	1,3 M €	+28.8%	1 M €	+15.6%	884,7 k €	+8.9%	812,7 k €	+2.2%	795,2 k €	+48.1%	537 k €	+0.1%	536,2 k €	-7.5%	579,7 k €	-0.0%	579,8 k €	-34.4%	883,9 k €	+34.1%	659 k €	+0.6%	655,1 k €	+13.2%	578,8 k €	+21.6%	476,2 k €	+37.0%	347,5 k €	+129%	151,7 k €
EBITDA	103,7 k €	-67.5%	319,4 k €	+42.7%	223,8 k €	-26.1%	302,9 k €	+82.1%	166,3 k €	+60.6%	103,6 k €	+23.2%	84 k €	-47.2%	159 k €	+46.8%	108,3 k €	-31.7%	158,7 k €	-24.7%	210,6 k €	+65.9%	127 k €	-46.1%	235,4 k €	+94.7%	120,9 k €	-37.9%	194,8 k €	-19.1%	240,9 k €	-4.9%	253,3 k €	+6.6%	237,5 k €	+104%	116,4 k €
Operating result	90,4 k €	-68.4%	286 k €	+48.2%	193 k €	-31.2%	280,7 k €	+148%	113,3 k €	+2691%	4,1 k €	+123%	-17,3 k €	-130%	57,3 k €	+68.6%	34 k €	-61.7%	88,6 k €	-39.4%	146,2 k €	+215%	46,4 k €	-66.2%	137,3 k €	+297%	34,6 k €	-69.9%	114,8 k €	-30.6%	165,3 k €	-24.1%	217,7 k €	+7.4%	202,7 k €	+159%	78,2 k €
Net result	33,5 k €	-80.6%	172,3 k €	+34.9%	127,8 k €	-36.4%	201 k €	+161%	77 k €	+2160%	-3,7 k €	-101%	594,7 k €	+1878%	30,1 k €	+57.1%	19,1 k €	-57.3%	44,8 k €	-45.2%	81,9 k €	+342%	18,5 k €	-79.1%	88,7 k €	-7.2%	95,6 k €	+9.9%	87 k €	-25.8%	117,3 k €	-24.4%	155,2 k €	+17.9%	131,7 k €	+191%	45,3 k €
Balance sheet
Equity	293,1 k €	+12.9%	259,6 k €	-9.6%	287,3 k €	+80.1%	159,5 k €	+0.7%	158,5 k €	-82.6%	913,3 k €	-0.4%	917,1 k €	+19.0%	770,4 k €	+4.1%	740,3 k €	+2.7%	721,2 k €	+6.6%	676,3 k €	+13.8%	594,5 k €	-6.0%	632,7 k €	+16.3%	544 k €	+21.3%	448,4 k €	-20.1%	561,5 k €	+25.7%	446,7 k €	+51.9%	294 k €	+78.4%	164,8 k €
Total assets	1,6 M €	+14.8%	1,4 M €	+25.1%	1,1 M €	+72.8%	650,7 k €	+34.2%	485 k €	-57.7%	1,1 M €	+0.4%	1,1 M €	+8.7%	1,1 M €	+16.7%	900,9 k €	+5.5%	854,1 k €	-6.7%	915,1 k €	-1.5%	929,5 k €	-14.7%	1,1 M €	+44.5%	753,9 k €	-3.1%	778,1 k €	+10.3%	705,5 k €	+10.9%	636 k €	+46.8%	433,1 k €	+14.3%	378,8 k €
Cash	233,7 k €	-13.3%	269,7 k €	+100%	134,7 k €	-50.7%	273,2 k €	+53.4%	178,1 k €	-74.7%	704,8 k €	+4.9%	671,8 k €	+250%	191,7 k €	+0.8%	190,3 k €	+41.0%	134,9 k €	-35.2%	208,3 k €	+22.2%	170,4 k €	-17.3%	206 k €	+12.8%	182,6 k €	-14.6%	213,7 k €	+40.2%	152,5 k €	+107%	73,5 k €	+12.4%	65,4 k €	+10.2%	59,3 k €
Debts	1,3 M €	+15.3%	1,1 M €	+37.1%	837 k €	+70.4%	491,2 k €	+61.0%	305,1 k €	+30.3%	234,2 k €	+3.8%	225,7 k €	-19.7%	280,9 k €	+75.0%	160,6 k €	+20.8%	132,9 k €	-44.3%	238,8 k €	-28.7%	335 k €	-26.7%	456,8 k €	+118%	209,9 k €	-35.7%	326,4 k €	+130%	141,9 k €	-25.1%	189,3 k €	+43.3%	132,1 k €	-36.4%	207,6 k €
Other
Workforce	44,1 ETP	+26.0%	35,0 ETP	+36.7%	25,6 ETP	+46.3%	17,5 ETP	+16.7%	15,0 ETP	-3.8%	15,6 ETP	+12.2%	13,9 ETP	+7.8%	12,9 ETP	+55.4%	8,3 ETP	+15.3%	7,2 ETP	-11.1%	8,1 ETP	-11.0%	9,1 ETP	-30.5%	13,1 ETP	+1.6%	12,9 ETP	+25.2%	10,3 ETP	+33.8%	7,7 ETP	+28.3%	6,0 ETP	+87.5%	3,2 ETP	+256%	0,9 ETP

Governance

Board of directors

Seen on filing of 20/12/2024 · 4 active · 10 ended

Active mandates

CHADELSO

Director · 0846.067.058

Represented by David La Grange

Active

Edwig Tanghe

Director

Active

Moai

Director · 0746.463.696

Represented by Sophie Buysse

Active

Patrick Descamps

Director

Active

Ended mandates

CHADELSO

Director · since 22 mars 2022 · until 31 août 2026 · 0846.067.058

Represented by David La Grange

Ended

David La Grange

Director · since 22 mars 2022 · until 31 août 2026

Ended

Edwig Tanghe

Director · since 31 août 2020 · until 31 août 2026

Ended

Moai

Director · since 31 août 2020 · until 31 août 2026 · 0746.463.696

Represented by Sophie Buysse

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	20/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/05/2025	07/06/2024	13/06/2023	07/07/2022	14/06/2021	25/05/2020
General meeting	10/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021	16/05/2020
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
Abridged model	20/12/2024	10/05/2025	21/05/2025	Dutch	PDF
Abridged model	31/12/2023	18/05/2024	07/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/05/2023	13/06/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	21/05/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2021	21/05/2022	20/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/05/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/05/2020	25/05/2020	Dutch	PDF
Abridged model	31/12/2018	18/05/2019	22/05/2019	Dutch	PDF
Abridged model	31/12/2017	19/05/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	05/07/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/07/2016	07/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	08/07/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/07/2013	30/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	29/05/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	02/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	26/05/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	29/05/2007	Dutch	PDF

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 20/12/2024 · 4 active · 10 ended

Active mandates

CHADELSO

Director · 0846.067.058

Represented by David La Grange

Active

Edwig Tanghe

Director

Active

Moai

Director · 0746.463.696

Represented by Sophie Buysse

Active

Patrick Descamps

Director

Active

Ended mandates

CHADELSO

Director · since 22 mars 2022 · until 31 août 2026 · 0846.067.058

Represented by David La Grange

Ended

David La Grange

Director · since 22 mars 2022 · until 31 août 2026

Ended

Edwig Tanghe

Director · since 31 août 2020 · until 31 août 2026

Ended

Moai

Director · since 31 août 2020 · until 31 août 2026 · 0746.463.696

Represented by Sophie Buysse

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2024
Annual accounts 202433,5 k €↓
2023
Annual accounts 2023172,3 k €↑
2022
Annual accounts 2022127,8 k €↓
2022
Name changeFIN FORWARD
2021
Annual accounts 2021201 k €↑
2021
Name changeMCL CONSULTANCY
2020
Annual accounts 202077 k €↑
2019
Annual accounts 2019-3,7 k €↓
2018
Annual accounts 2018594,7 k €↑
2017
Annual accounts 201730,1 k €↑
2016
Annual accounts 201619,1 k €↓
2015
Annual accounts 201544,8 k €↓
2014
Annual accounts 201481,9 k €↑
2013
Annual accounts 201318,5 k €↓
2012
Annual accounts 201288,7 k €↓
2011
Annual accounts 201195,6 k €↑
2010
Annual accounts 201087 k €↓
2009
Annual accounts 2009117,3 k €↓
2008
Annual accounts 2008155,2 k €↑
2007
Annual accounts 2007131,7 k €↑
2006
Annual accounts 200645,3 k €

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

FIN FORWARD

Overview

What does FIN FORWARD do?

Trend over 19 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline