ACTIVE

FORWARD GLOBAL

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Financial year 2025 · closed on 31/12/2025

Net result

642,5 k €

-15.0% YoY

Gross margin

2,6 M €

-0.0% YoY

Equity

1,4 M €

-49.6% YoY

Workforce

17,4 ETP

+6.1% YoY

What does FORWARD GLOBAL do?

FORWARD GLOBAL is a Private limited company incorporated in 2007. Its main activity is: Legal activities. Its registered office is in Bruxelles. It employs on average 17,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.439.844

Incorporation

16/01/2007

Legal form

Private limited company

Registered office

Boulevard du Régent 35
1000 Bruxelles · BruxellesSee on map

Contributed capital

32 500,00 €

Latest accounts

31/12/2025

Average workforce

17,4 ETP

Activities (NACE)

69109Legal activities· main 69109Legal activities 70210Public relations and communication activities 73300Advertising and market research 74111Specialised design activities 70200Management consultancy activities+2

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	2,6 M €	-0.0%	2,6 M €	-37.6%	4,1 M €	+43.1%	2,9 M €	+30.0%	2,2 M €	+8.9%	2 M €	-15.2%	2,4 M €	+115%	1,1 M €	+17.7%	940,1 k €	+5.5%	891,3 k €	+29.3%	689,6 k €	-8.0%	749,6 k €	+40.5%	533,6 k €	-30.6%	768,4 k €	-28.5%	1,1 M €	+52.9%	702,8 k €	+192%	240,6 k €	+5.9%	227,2 k €
EBITDA	981,6 k €	-17.4%	1,2 M €	-58.0%	2,8 M €	+20.3%	2,4 M €	+122%	1,1 M €	-14.9%	1,2 M €	-33.1%	1,9 M €	+152%	735,2 k €	+9.3%	672,8 k €	+10.5%	609,1 k €	+56.6%	389,1 k €	-27.9%	539,3 k €	+60.9%	335,1 k €	-40.3%	561,3 k €	-39.6%	929,7 k €	+49.4%	622,3 k €	+218%	195,9 k €	-5.1%	206,4 k €
Operating result	918,2 k €	-7.4%	991,7 k €	-64.0%	2,8 M €	+20.9%	2,3 M €	+50.7%	1,5 M €	+29.5%	1,2 M €	-34.3%	1,8 M €	+142%	734,7 k €	+8.3%	678,2 k €	+34.5%	504,3 k €	+32.8%	379,6 k €	-29.2%	536,5 k €	+60.4%	334,5 k €	-39.3%	550,8 k €	-40.7%	928,2 k €	+49.4%	621,4 k €	+219%	195 k €	+18.6%	164,4 k €
Net result	642,5 k €	-15.0%	755,8 k €	-64.5%	2,1 M €	+27.1%	1,7 M €	+60.1%	1 M €	+20.6%	869,2 k €	-28.8%	1,2 M €	+161%	467,2 k €	+4.8%	445,8 k €	+35.1%	330 k €	+33.7%	246,9 k €	-27.0%	338,3 k €	+41.5%	239,1 k €	-38.3%	387,4 k €	-36.0%	604,9 k €	+49.9%	403,6 k €	+222%	125,5 k €	+7.3%	117 k €
Balance sheet
Equity	1,4 M €	-49.6%	2,7 M €	+0.2%	2,7 M €	+5.1%	2,6 M €	+12.0%	2,3 M €	+12.0%	2,1 M €	+3.5%	2 M €	+25.0%	1,6 M €	+41.2%	1,1 M €	+64.7%	689,1 k €	+91.9%	359,2 k €	+220%	112,3 k €	-80.4%	574 k €	+36.7%	419,9 k €	+1192%	32,5 k €	0.0%	32,5 k €	-86.8%	246,5 k €	+104%	121 k €
Total assets	6,8 M €	+26.7%	5,4 M €	-45.7%	10 M €	+75.1%	5,7 M €	+15.8%	4,9 M €	-4.4%	5,1 M €	+34.3%	3,8 M €	+79.5%	2,1 M €	+16.2%	1,8 M €	-4.5%	1,9 M €	-0.5%	1,9 M €	+24.3%	1,6 M €	+45.5%	1,1 M €	-1.9%	1,1 M €	-17.2%	1,3 M €	+35.2%	971,8 k €	+68.4%	577,2 k €	+54.3%	374 k €
Cash	683,8 k €	-18.2%	835,7 k €	+83.3%	455,8 k €	-18.7%	560,8 k €	-62.4%	1,5 M €	-33.8%	2,3 M €	+74.2%	1,3 M €	+3.6%	1,2 M €	+250%	356,6 k €	-5.7%	378,3 k €	-40.8%	639 k €	+73.9%	367,4 k €	+220%	114,8 k €	-55.9%	260,5 k €	-52.3%	546,4 k €	+49.2%	366,2 k €	+246%	105,9 k €	-35.9%	165,1 k €
Debts	4,8 M €	+97.9%	2,4 M €	-65.0%	6,9 M €	+144%	2,8 M €	+23.4%	2,3 M €	-2.8%	2,4 M €	+42.9%	1,7 M €	+260%	460,1 k €	-34.3%	700 k €	-43.2%	1,2 M €	-21.6%	1,6 M €	+9.1%	1,4 M €	+193%	491,3 k €	-19.4%	609,4 k €	-52.4%	1,3 M €	+36.4%	939,3 k €	+184%	330,7 k €	+30.7%	253 k €
Other
Workforce	17,4 ETP	+6.1%	16,4 ETP	+0.6%	16,3 ETP	+123%	7,3 ETP	-17.0%	8,8 ETP	-12.0%	10,0 ETP	+78.6%	5,6 ETP	+40.0%	4,0 ETP	+5.3%	3,8 ETP	+26.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-6.3%	3,2 ETP	+18.5%	2,7 ETP	-3.6%	2,8 ETP	+12.0%	2,5 ETP	+92.3%	1,3 ETP	+62.5%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 11 ended

Active mandates

FINANCIERE CARITAT SAS

Director · since 04 mars 2025 · until 04 mars 2030

Represented by Alexis SPENCER

Active

Carsten HESS

Director · since 09 septembre 2024

Active

Pauline MASSART

Director · since 09 septembre 2024

Active

Stéphanie POCHON

Director · since 09 septembre 2024

Active

Umberto GAMBINI

Director · since 09 septembre 2024

Active

Vlad ANDREI

Director · since 09 septembre 2024

Active

Axel DYEVRE

Director · since 02 septembre 2024

Active

Ended mandates

FORWARD GLOBAL SASU

Director · since 01 juillet 2024 · until 04 mars 2025

Represented by Didier GUILLAUME

Ended

Alexis SPENCER

Director · since 04 janvier 2021 · until 04 mars 2025

Ended

Alexis SPENCER

Director · since 04 janvier 2021

Ended

Andrea COLLART

Director · since 04 janvier 2021 · until 30 juin 2024

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	02/07/2026	27/06/2025	01/07/2024	23/06/2023	24/06/2022	28/06/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	27/06/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	01/07/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	23/06/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	24/06/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	28/06/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	26/06/2020	French	PDF
Abridged model	30/09/2018	25/03/2019	27/03/2019	French	PDF
Abridged model	30/09/2017	12/03/2018	16/03/2018	French	PDF
Abridged modelCorrection	30/09/2016	14/03/2017	17/11/2017	French	PDF
Abridged model	30/09/2016	14/03/2017	31/03/2017	French	PDF
Abridged model	30/09/2015	14/03/2016	31/03/2016	French	PDF
Abridged model	30/09/2014	09/03/2015	09/03/2015	French	PDF
Abridged model	30/09/2013	10/02/2014	17/02/2014	French	PDF
Abridged model	30/09/2012	11/03/2013	27/03/2013	French	PDF
Abridged model	30/09/2011	20/10/2011	23/11/2011	French	PDF
Abridged model	30/09/2010	23/11/2010	07/12/2010	French	PDF
Abridged model	30/09/2009	26/01/2010	30/01/2010	French	PDF
Abridged model	30/09/2008	10/03/2009	20/03/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 7 active · 11 ended

Active mandates

FINANCIERE CARITAT SAS

Director · since 04 mars 2025 · until 04 mars 2030

Represented by Alexis SPENCER

Active

Carsten HESS

Director · since 09 septembre 2024

Active

Pauline MASSART

Director · since 09 septembre 2024

Active

Stéphanie POCHON

Director · since 09 septembre 2024

Active

Umberto GAMBINI

Director · since 09 septembre 2024

Active

Vlad ANDREI

Director · since 09 septembre 2024

Active

Axel DYEVRE

Director · since 02 septembre 2024

Active

Ended mandates

FORWARD GLOBAL SASU

Director · since 01 juillet 2024 · until 04 mars 2025

Represented by Didier GUILLAUME

Ended

Alexis SPENCER

Director · since 04 janvier 2021 · until 04 mars 2025

Ended

Alexis SPENCER

Director · since 04 janvier 2021

Ended

Andrea COLLART

Director · since 04 janvier 2021 · until 30 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates24/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates20/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2023
DENOMINATION
PDF
Restructuring13/01/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, 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 2025642,5 k €↓
2024
Annual accounts 2024755,8 k €↓
2023
Annual accounts 20232,1 M €↑
2023
Name changeFORWARD GLOBAL
2022
Annual accounts 20221,7 M €↑
2021
Annual accounts 20211 M €↑
2020
Annual accounts 2020869,2 k €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018467,2 k €↑
2017
Annual accounts 2017445,8 k €↑
2016
Annual accounts 2016330 k €↑
2015
Annual accounts 2015246,9 k €↓
2014
Annual accounts 2014338,3 k €↑
2013
Annual accounts 2013239,1 k €↓
2012
Annual accounts 2012387,4 k €↓
2011
Annual accounts 2011604,9 k €↑
2010
Annual accounts 2010403,6 k €↑
2009
Annual accounts 2009125,5 k €↑
2008
Annual accounts 2008117 k €
2008
Name changeAVISA PARTNERS
16/01/2007
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

FORWARD GLOBAL

Overview

What does FORWARD GLOBAL do?

Trend over 18 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