ACTIVE

FORPATH CONSULTANCY & RESEARCH

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Financial year 2025 · closed on 30/06/2025

Net result

19 k €

+6.4% YoY

Gross margin

33,4 k €

-29.8% YoY

Equity

128,7 k €

-35.7% YoY

What does FORPATH CONSULTANCY & RESEARCH do?

FORPATH CONSULTANCY & RESEARCH is a Private company with limited liability incorporated in 2005. Its main activity is: Specialist medical practice activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.513.576

Incorporation

06/10/2005

Legal form

Private company with limited liability

Registered office

Oudeleeuwenrui 40/31
2000 Antwerpen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/06/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	33,4 k €	-29.8%	47,5 k €	+11.1%	42,8 k €	-25.8%	57,7 k €	-17.6%	70 k €	+16.4%	60,1 k €	-30.7%	86,7 k €	-19.7%	108,1 k €	-1.2%	109,4 k €	-25.5%	146,8 k €	-5.6%	155,5 k €	-11.6%	175,9 k €	-19.8%	219,4 k €	-3.9%	228,4 k €	+18.8%	192,2 k €	-14.2%	224 k €	+75.2%	127,8 k €	-16.5%	153,1 k €	+44.6%	105,9 k €
EBITDA	32,6 k €	-29.7%	46,3 k €	+12.3%	41,3 k €	-27.3%	56,7 k €	-0.8%	57,2 k €	-1.9%	58,3 k €	-31.6%	85,3 k €	-19.7%	106,2 k €	-1.3%	107,6 k €	-24.0%	141,7 k €	-6.9%	152,2 k €	-11.8%	172,6 k €	-20.1%	216 k €	+13.8%	189,8 k €	+3.9%	182,7 k €	-17.3%	221 k €	+77.1%	124,8 k €	-17.3%	151 k €	+45.5%	103,8 k €
Operating result	19,2 k €	-40.4%	32,2 k €	+18.1%	27,3 k €	-36.4%	42,8 k €	-17.7%	52,1 k €	+19.0%	43,8 k €	-37.9%	70,5 k €	-21.2%	89,4 k €	+12.2%	79,7 k €	-47.7%	152,3 k €	+18.1%	128,9 k €	-14.4%	150,5 k €	-22.3%	193,8 k €	+42.6%	135,9 k €	-19.4%	168,7 k €	-6.9%	181,2 k €	+56.7%	115,7 k €	-17.3%	139,8 k €	+53.5%	91,1 k €
Net result	19 k €	+6.4%	17,8 k €	+73.4%	10,3 k €	-59.5%	25,4 k €	-4.3%	26,5 k €	+52.9%	17,4 k €	-50.5%	35,1 k €	-22.2%	45,1 k €	+18.5%	38 k €	-48.1%	73,2 k €	-6.6%	78,4 k €	+2.6%	76,5 k €	-30.4%	109,8 k €	+94.0%	56,6 k €	-37.3%	90,3 k €	-18.8%	111,3 k €	+64.2%	67,8 k €	-17.7%	82,4 k €	+59.3%	51,7 k €
Balance sheet
Equity	128,7 k €	-35.7%	200,3 k €	-39.8%	332,4 k €	+3.2%	322,2 k €	-4.1%	335,8 k €	-5.3%	354,7 k €	+5.1%	337,3 k €	-14.6%	395 k €	+12.9%	349,9 k €	+12.2%	311,9 k €	+14.3%	272,9 k €	+20.0%	227,4 k €	+7.6%	211,3 k €	+83.0%	115,5 k €	+96.2%	58,9 k €	-65.1%	168,5 k €	+39.6%	120,7 k €	+128%	53 k €	+157%	20,6 k €
Total assets	221,4 k €	-26.5%	301,2 k €	-33.6%	453,7 k €	-0.6%	456,4 k €	-5.4%	482,3 k €	-11.8%	546,8 k €	-7.4%	590,6 k €	-3.1%	609,5 k €	+5.6%	577,4 k €	-2.3%	590,9 k €	+4.3%	566,7 k €	+3.3%	548,7 k €	+4.7%	524,3 k €	-3.8%	545,1 k €	+0.5%	542,1 k €	+9.0%	497,5 k €	+161%	190,9 k €	-2.3%	195,4 k €	+29.2%	151,3 k €
Cash	62,9 k €	-35.9%	98,1 k €	-8.2%	106,9 k €	-62.1%	282 k €	+32.3%	213,1 k €	-1.6%	216,6 k €	-13.3%	250 k €	+8.5%	230,5 k €	+71.1%	134,7 k €	-28.4%	188 k €	+34.5%	139,8 k €	-2.7%	143,7 k €	-7.7%	155,7 k €	+24.2%	125,4 k €	+33.9%	93,7 k €	-11.5%	105,9 k €	+37.8%	76,9 k €	+25.5%	61,2 k €	-12.0%	69,5 k €
Debts	92,2 k €	-8.3%	100,6 k €	-16.7%	120,7 k €	-9.9%	133,9 k €	-8.1%	145,7 k €	-24.0%	191,8 k €	-24.3%	253,3 k €	+18.1%	214,5 k €	-5.7%	227,5 k €	-18.5%	279,1 k €	-5.0%	293,8 k €	-8.6%	321,3 k €	+2.6%	313 k €	-27.1%	429,6 k €	-11.1%	483,3 k €	+46.9%	329 k €	+369%	70,2 k €	-50.7%	142,4 k €	+9.0%	130,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Werner Jacobs

Director

Active

Ended mandates

Werner Jacobs

Administrator - manager

Ended

Werner JACOBS

Manager

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/01/2026	28/01/2025	26/01/2024	30/01/2023	02/02/2022	08/01/2021
General meeting	09/12/2025	10/12/2024	12/12/2023	13/12/2022	13/12/2021	08/12/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	09/12/2025	26/01/2026	Dutch	PDF
Micro model	30/06/2024	10/12/2024	28/01/2025	Dutch	PDF
Micro model	30/06/2023	12/12/2023	26/01/2024	Dutch	PDF
Micro model	30/06/2022	13/12/2022	30/01/2023	Dutch	PDF
Micro model	30/06/2021	13/12/2021	02/02/2022	Dutch	PDF
Micro model	30/06/2020	08/12/2020	08/01/2021	Dutch	PDF
Micro model	30/06/2019	10/12/2019	10/01/2020	Dutch	PDF
Micro model	30/06/2018	11/12/2018	27/12/2018	Dutch	PDF
Micro model	30/06/2017	12/12/2017	22/12/2017	Dutch	PDF
Abridged model	30/06/2016	13/12/2016	29/12/2016	Dutch	PDF
Abridged model	30/06/2015	30/12/2015	20/01/2016	Dutch	PDF
Abridged model	30/06/2014	21/12/2014	10/02/2015	Dutch	PDF
Abridged model	30/06/2013	21/12/2013	30/12/2013	Dutch	PDF
Abridged model	30/06/2012	22/12/2012	12/02/2013	Dutch	PDF
Abridged model	30/06/2011	22/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	14/12/2010	07/02/2011	Dutch	PDF
Abridged model	31/03/2009	30/09/2009	30/10/2009	Dutch	PDF
Abridged model	31/03/2008	05/09/2008	25/09/2008	Dutch	PDF
Abridged model	31/03/2007	07/09/2007	27/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 1 active · 2 ended

Active mandates

Werner Jacobs

Director

Active

Ended mandates

Werner Jacobs

Administrator - manager

Ended

Werner JACOBS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares18/04/2019
KAPITAAL - AANDELEN
PDF
Capital / shares17/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other26/10/2010
DOEL
PDF
Other06/05/2010
BOEKJAAR
PDF
Registered office04/01/2008
MAATSCHAPPELIJKE ZETEL
PDF
Other18/10/2005
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 202519 k €↑
2024
Annual accounts 202417,8 k €↑
2023
Annual accounts 202310,3 k €↓
2022
Annual accounts 202225,4 k €↓
2021
Annual accounts 202126,5 k €↑
2020
Annual accounts 202017,4 k €↓
2019
Annual accounts 201935,1 k €↓
2018
Annual accounts 201845,1 k €↑
2017
Annual accounts 201738 k €↓
2016
Annual accounts 201673,2 k €↓
2015
Annual accounts 201578,4 k €↑
2014
Annual accounts 201476,5 k €↓
2013
Annual accounts 2013109,8 k €↑
2012
Annual accounts 201256,6 k €↓
2011
Annual accounts 201190,3 k €↓
2010
Annual accounts 2010111,3 k €↑
2009
Annual accounts 200967,8 k €↓
2008
Annual accounts 200882,4 k €↑
2007
Annual accounts 200751,7 k €
06/10/2005
IncorporationPrivate company with limited liability

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

FORPATH CONSULTANCY & RESEARCH

Overview

What does FORPATH CONSULTANCY & RESEARCH do?

Trend over 19 financial years

Indicative valuation

Board of directors

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