ACTIVE

FORTYEIGHT

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Financial year 2025 · closed on 30/06/2025

Net result

156,3 k €

+1409.8% YoY

Gross margin

677,1 k €

+45.9% YoY

Equity

425,6 k €

+55.8% YoY

Workforce

4,9 ETP

-2.0% YoY

What does FORTYEIGHT do?

FORTYEIGHT is a Private limited company incorporated in 2005. Its main activity is: Wholesale of electrical household appliances. Its registered office is in La Bruyère. It employs on average 4,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.655.514

Incorporation

13/10/2005

Legal form

Private limited company

Registered office

Rue Saint-Sauveur,Meux 19 box A2
5081 La Bruyère · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

30/06/2025

Average workforce

4,9 ETP

Activities (NACE)

46431Wholesale of electrical household appliances· main 46431Wholesale of electrical household appliances 90023Support activities to performing arts 90393Creative, arts and entertainment activities

Joint committees (1)

2000

Contacts

1 public detail availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	677,1 k €	+45.9%	464,2 k €	+16.1%	399,6 k €	+53.8%	259,8 k €	-0.2%	260,3 k €	+19.5%	217,7 k €	+9.6%	198,6 k €	-12.2%	226,2 k €	+12.2%	201,6 k €	-9.0%	221,5 k €	+4.6%	211,8 k €	+33.1%	159,2 k €	+30.5%	122 k €	-12.2%	138,9 k €	+48.1%	93,8 k €	-5.8%	99,6 k €	+56.7%	63,5 k €
EBITDA	477,2 k €	+103%	234,9 k €	+8.4%	216,6 k €	+40.7%	154 k €	+2.2%	150,6 k €	+25.1%	120,4 k €	+2.0%	118 k €	-17.3%	142,7 k €	-2.2%	145,9 k €	-10.9%	163,7 k €	+2.2%	160,1 k €	+22.3%	131 k €	+30.8%	100,1 k €	-19.6%	124,6 k €	+56.6%	79,5 k €	-15.5%	94,2 k €	+50.7%	62,5 k €
Operating result	303,5 k €	+266%	82,9 k €	-31.4%	120,9 k €	+20.3%	100,5 k €	+146%	40,8 k €	+94.0%	21 k €	+491%	-5,4 k €	-144%	-2,2 k €	+75.8%	-9,1 k €	-207%	8,6 k €	-59.2%	21 k €	+3.3%	20,3 k €	+75.2%	11,6 k €	-59.2%	28,4 k €	+1338%	2 k €	-83.2%	11,8 k €	-24.7%	15,6 k €
Net result	156,3 k €	+1410%	10,4 k €	-87.7%	84,4 k €	+13.0%	74,6 k €	+290%	19,1 k €	+453%	3,5 k €	+156%	-6,2 k €	-445%	1,8 k €	-86.8%	13,6 k €	+478%	-3,6 k €	-108%	42,5 k €	+1096%	3,6 k €	+34.9%	2,6 k €	-90.2%	26,9 k €	+1943%	-1,5 k €	-277%	824 €	-90.7%	8,8 k €
Balance sheet
Equity	425,6 k €	+55.8%	273,1 k €	+3.3%	264,3 k €	+45.7%	181,5 k €	+85.5%	97,8 k €	+21.5%	80,5 k €	+2.1%	78,9 k €	-13.9%	91,7 k €	-14.3%	106,9 k €	+21.2%	88,2 k €	-7.9%	95,7 k €	+128%	42,1 k €	-34.8%	64,6 k €	+26.0%	51,2 k €	+72.6%	29,7 k €	+33.2%	22,3 k €	+3.8%	21,5 k €
Total assets	2,4 M €	+13.0%	2,1 M €	-0.2%	2,1 M €	+229%	633,6 k €	+57.6%	402 k €	-0.8%	405,2 k €	+4.1%	389,3 k €	-8.0%	423,2 k €	-19.0%	522,7 k €	-0.7%	526,2 k €	-6.5%	562,6 k €	+12.4%	500,5 k €	+42.8%	350,4 k €	-25.0%	467,3 k €	+127%	205,7 k €	-8.4%	224,5 k €	+74.3%	128,8 k €
Cash	187,7 k €	+881%	19,1 k €	-80.4%	97,6 k €	-60.1%	244,5 k €	+283%	63,9 k €	+1953028%	3,3 €	-100.0%	13,3 k €	-62.8%	35,7 k €	-39.4%	58,9 k €	+270%	15,9 k €	-47.6%	30,4 k €	+69.2%	17,9 k €	-48.4%	34,8 k €	+205%	11,4 k €	-51.6%	23,6 k €	+43.9%	16,4 k €	+816%	1,8 k €
Debts	1,9 M €	+3.2%	1,8 M €	-0.7%	1,8 M €	+303%	452,1 k €	+48.9%	303,6 k €	-4.7%	318,5 k €	+5.1%	303,1 k €	-5.6%	321 k €	-20.0%	401,4 k €	-6.8%	430,5 k €	-5.8%	457,2 k €	-0.1%	457,7 k €	+72.4%	265,6 k €	-36.2%	416 k €	+136%	176 k €	-12.9%	202 k €	+88.7%	107,1 k €
Other
Workforce	4,9 ETP	-2.0%	5,0 ETP	0.0%	5,0 ETP		–		3,0 ETP	+20.0%	2,5 ETP	+25.0%	2,0 ETP	+11.1%	1,8 ETP	+80.0%	1,0 ETP	-23.1%	1,3 ETP	-23.5%	1,7 ETP	+70.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	0.0%	0,8 ETP	-20.0%	1,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

Laurent FORTIER

Director · since 19 octobre 2023

Active

Ended mandates

Laurent FORTIER

Director · since 01 juillet 2005

Ended

Laurent FORTIER

Manager

Ended

At this address

Other companies at this address

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DAVID STRONG● Active	1008.781.093
Mano_Eat● Active	1023.951.497
NG Product● Active	0881.343.087

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Abridged model	Abridged 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	30/01/2026	21/01/2025	31/01/2024	30/01/2023	09/02/2022	18/02/2021
General meeting	05/12/2025	06/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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
Abridged model	30/06/2025	05/12/2025	30/01/2026	French	PDF
Abridged model	30/06/2024	06/12/2024	21/01/2025	French	PDF
Abridged model	30/06/2023	01/12/2023	31/01/2024	French	PDF
Micro model	30/06/2022	02/12/2022	30/01/2023	French	PDF
Abridged model	30/06/2021	03/12/2021	09/02/2022	French	PDF
Abridged model	30/06/2020	04/12/2020	18/02/2021	French	PDF
Abridged model	30/06/2019	06/12/2019	31/01/2020	French	PDF
Abridged model	30/06/2018	07/12/2018	25/01/2019	French	PDF
Abridged model	30/06/2017	01/12/2017	28/02/2018	French	PDF
Abridged model	30/06/2016	02/12/2016	27/02/2017	French	PDF
Abridged model	30/06/2015	04/12/2015	26/01/2016	French	PDF
Abridged model	30/06/2014	05/12/2014	06/01/2015	French	PDF
Abridged model	30/06/2013	06/12/2013	10/12/2013	French	PDF
Abridged model	30/06/2012	07/12/2012	06/02/2013	French	PDF
Abridged model	30/06/2011	02/12/2011	02/02/2012	French	PDF
Abridged model	30/06/2010	03/12/2010	06/01/2011	French	PDF
Abridged model	30/06/2009	04/12/2009	15/02/2010	French	PDF
Abridged model	30/06/2008	31/12/2008	27/01/2009	French	PDF
Abridged model	30/06/2007	07/12/2007	18/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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

Laurent FORTIER

Director · since 19 octobre 2023

Active

Ended mandates

Laurent FORTIER

Director · since 01 juillet 2005

Ended

Laurent FORTIER

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office13/06/2017
ADRESSE AUTRE QUE SIEGE SOCIAL - OBJET
PDF
Registered office30/05/2008
SIEGE SOCIAL
PDF
Other26/10/2005
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025156,3 k €↑
2024
Annual accounts 202410,4 k €↓
2023
Annual accounts 202384,4 k €↑
2023
Name changeFORTYEIGHT
2022
Annual accounts 202274,6 k €↑
2022
Name changeFORTIER
2019
Annual accounts 201919,1 k €↑
2018
Annual accounts 20183,5 k €↑
2017
Annual accounts 2017-6,2 k €↓
2016
Annual accounts 20161,8 k €↓
2015
Annual accounts 201513,6 k €↑
2014
Annual accounts 2014-3,6 k €↓
2013
Annual accounts 201342,5 k €↑
2012
Annual accounts 20123,6 k €↑
2011
Annual accounts 20112,6 k €↓
2010
Annual accounts 201026,9 k €↑
2009
Annual accounts 2009-1,5 k €↓
2008
Annual accounts 2008824 €↓
2007
Annual accounts 20078,8 k €
13/10/2005
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

FORTYEIGHT

Overview

What does FORTYEIGHT do?

Trend over 17 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