FORCE BLUE
0889.044.788 · rovalta.com · 23/09/2026
ACTIVE
FORCE BLUE
Financial year 2025 · closed on 31/12/2025
Net result
-196,3 k €
-61.9% YoY
Gross margin
315 k €
-25.4% YoY
Equity
1,5 M €
-11.3% YoY
Overview
What does FORCE BLUE do?
FORCE BLUE is a Public limited company incorporated in 2007. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Antwerpen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0889.044.788
Incorporation
26/04/2007
Legal form
Public limited company
Registered office
Leopold de Waelplaats 26
2000 Antwerpen · FlandreSee on map
2000 Antwerpen · FlandreSee on map
Contributed capital
3 563 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
Good liquidityPositive cashflowPositive EBITDA
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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 | 315 k € | -25.4% | 422,5 k € | +49.7% | 282,2 k € | -38.2% | 456,8 k € | -5.9% | 485,2 k € | +1.5% | 477,9 k € | +1.6% | 470,3 k € | -4.4% | 492,1 k € | +9.7% | 448,7 k € | -14.1% | 522,6 k € | – | – | – | – | – | – | 287 k € | -52.1% | 598,6 k € | +1.0% | 593 k € | |||||||
| EBITDA | 242,1 k € | -31.6% | 353,9 k € | +56.0% | 226,9 k € | -42.7% | 396,2 k € | -3.8% | 411,8 k € | +2.1% | 403,4 k € | -0.1% | 403,8 k € | +2.0% | 396 k € | +1.9% | 388,8 k € | -14.8% | 456,5 k € | -8.6% | 499,3 k € | -13.6% | 577,9 k € | +19.7% | 482,8 k € | -16.6% | 578,9 k € | -5.4% | 612,3 k € | +68.4% | 363,6 k € | +69.4% | 214,7 k € | -59.4% | 529,1 k € | -10.7% | 592,6 k € |
| Operating result | -26,2 k € | -131% | 84,3 k € | +10.9% | 76 k € | -39.7% | 126 k € | +50.3% | 83,8 k € | +49.8% | 56 k € | -55.2% | 124,8 k € | -16.5% | 149,5 k € | +25.1% | 119,5 k € | -29.1% | 168,6 k € | -17.8% | 205,1 k € | +19.2% | 172 k € | +42.7% | 120,5 k € | -60.8% | 307,7 k € | -11.9% | 349,2 k € | +247% | 100,6 k € | +311% | -47,7 k € | -118% | 267,5 k € | +225% | -213,4 k € |
| Net result | -196,3 k € | -61.9% | -121,3 k € | -15.8% | -104,7 k € | -311% | -25,5 k € | +44.2% | -45,6 k € | +47.5% | -86,8 k € | -494% | -14,6 k € | -119% | -6,7 k € | +84.1% | -41,9 k € | -151% | 82,8 k € | -7.6% | 89,6 k € | +173% | 32,8 k € | +247% | -22,4 k € | -125% | 88 k € | +251% | -58,4 k € | +83.8% | -360,8 k € | +31.7% | -528,4 k € | -295% | -133,6 k € | +76.4% | -566,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 1,5 M € | -11.3% | 1,7 M € | -6.5% | 1,9 M € | +221% | -1,5 M € | -1.7% | -1,5 M € | -3.1% | -1,5 M € | -6.3% | -1,4 M € | -1.1% | -1,4 M € | -0.5% | -1,4 M € | -3.2% | -1,3 M € | +5.9% | -1,4 M € | +6.0% | -1,5 M € | +2.2% | -1,5 M € | -1.5% | -1,5 M € | +5.6% | -1,6 M € | -3.8% | -1,5 M € | -31.0% | -1,2 M € | -82.9% | -637 k € | -26.5% | -503,5 k € |
| Total assets | 6,6 M € | -4.7% | 6,9 M € | -3.8% | 7,2 M € | +83.4% | 3,9 M € | -4.0% | 4,1 M € | -4.1% | 4,3 M € | -3.5% | 4,4 M € | -4.4% | 4,6 M € | -5.3% | 4,9 M € | -4.6% | 5,1 M € | +0.5% | 5,1 M € | -2.6% | 5,2 M € | -2.1% | 5,3 M € | -2.2% | 5,4 M € | -6.1% | 5,8 M € | +0.9% | 5,8 M € | -3.3% | 5,9 M € | -2.8% | 6,1 M € | -4.3% | 6,4 M € |
| Cash | 81,8 k € | -25.0% | 109,1 k € | -60.5% | 276 k € | +1721% | 15,2 k € | -81.7% | 83 k € | +801% | 9,2 k € | -75.2% | 37,1 k € | +6.0% | 35 k € | +14.6% | 30,5 k € | -0.8% | 30,8 k € | +7.4% | 28,7 k € | -0.8% | 28,9 k € | +99.6% | 14,5 k € | +1.1% | 14,3 k € | +72.0% | 8,3 k € | -48.5% | 16,2 k € | +83542% | 19,3 € | – | 8,1 k € | ||
| Debts | 5 M € | -2.3% | 5,1 M € | -1.9% | 5,2 M € | -2.3% | 5,4 M € | -3.7% | 5,6 M € | -1.8% | 5,7 M € | -1.7% | 5,8 M € | -3.1% | 5,9 M € | -4.1% | 6,2 M € | -3.0% | 6,4 M € | -0.9% | 6,4 M € | -2.7% | 6,6 M € | -3.0% | 6,8 M € | -1.2% | 6,9 M € | -3.4% | 7,2 M € | -1.2% | 7,2 M € | +3.2% | 7 M € | +5.4% | 6,7 M € | -2.5% | 6,8 M € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 31 ended
Active mandates
Active
Chiela Moens-Seynaeve
ActiveActive
Active
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
ACA PROJECT● Active | 0872.355.345 |
ARAGONIA● Active | 0841.355.135 |
BAIKAL● Active | 0742.697.227 |
BETACOM● Active | 0451.032.479 |
CALLEBEEK● Active | 0841.355.531 |
DEGREES● Active | 1041.286.288 |
EKSTERLAER● Active | 0862.661.778 |
ForceSale● Active | 1022.492.935 |
GOED HAANTJESLEI● Active | 0872.354.949 |
Land Bank Vooruitzicht● Active | 0455.186.851 |
MECHELEN RAGHENO SITE● Active | 0745.446.483 |
PRESTIBEL LEFT VILLAGE● Active | 0448.693.888 |
P x 3 Development● Active | 0461.211.145 |
Ragheno Development● Active | 0788.301.182 |
REGATTA-L.O.● Active | 0818.494.809 |
!SELL● Active | 0883.972.975 |
SOCREAL● Active | 0436.834.748 |
URBAN● Active | 0442.356.028 |
URBAN DEVELOPMENT● Active | 0750.661.323 |
URBAN RENT● Active | 1037.861.792 |
Financials
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 | 08/07/2025 | 04/07/2024 | 05/07/2023 | 06/07/2022 | 08/07/2021 |
| General meeting | 19/06/2026 | 20/06/2025 | 21/06/2024 | 16/06/2023 | 17/06/2022 | 18/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 19/06/2026 | 02/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 20/06/2025 | 08/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 21/06/2024 | 04/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 16/06/2023 | 05/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 17/06/2022 | 06/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 18/06/2021 | 08/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 19/06/2020 | 17/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 21/06/2019 | 10/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 15/06/2018 | 04/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 16/06/2017 | 06/07/2017 | Dutch | |
| Full model | 31/12/2015 | 17/06/2016 | 08/07/2016 | Dutch | |
| Full model | 31/12/2014 | 19/06/2015 | 10/07/2015 | Dutch | |
| Full model | 31/12/2013 | 20/06/2014 | 11/07/2014 | Dutch | |
| Full model | 31/12/2012 | 21/06/2013 | 22/07/2013 | Dutch | |
| Full model | 31/12/2011 | 15/06/2012 | 06/07/2012 | Dutch | |
| Full model | 31/12/2010 | 17/06/2011 | 08/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 27/10/2010 | 02/11/2010 | Dutch | |
| Abridged model | 31/12/2008 | 30/10/2009 | 12/11/2009 | Dutch | |
| Abridged model | 31/12/2007 | 20/06/2008 | 29/08/2008 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 31 ended
Active mandates
Active
Chiela Moens-Seynaeve
ActiveActive
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates08/08/2025ONTSLAGEN - BENOEMINGEN
- Mandates23/01/2025ONTSLAGEN - BENOEMINGEN
- Mandates22/08/2023STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
- Capital / shares06/12/2022KAPITAAL - AANDELEN
- Mandates15/07/2022ONTSLAGEN - BENOEMINGEN
- Mandates03/08/2021ONTSLAGEN - BENOEMINGEN
- Mandates03/08/2021ONTSLAGEN - BENOEMINGEN
- Mandates12/05/2021ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-196,3 k €↓
- 2024Annual accounts 2024-121,3 k €↓
- 2023Annual accounts 2023-104,7 k €↓
- 2022Annual accounts 2022-25,5 k €↑
- 2021Annual accounts 2021-45,6 k €↑
- 2020Annual accounts 2020-86,8 k €↓
- 2019Annual accounts 2019-14,6 k €↓
- 2018Annual accounts 2018-6,7 k €↑
- 2017Annual accounts 2017-41,9 k €↓
- 2016Annual accounts 201682,8 k €↓
- 2015Annual accounts 201589,6 k €↑
- 2014Annual accounts 201432,8 k €↑
- 2013Annual accounts 2013-22,4 k €↓
- 2012Annual accounts 201288 k €↑
- 2011Annual accounts 2011-58,4 k €↑
- 2010Annual accounts 2010-360,8 k €↑
- 2009Annual accounts 2009-528,4 k €↓
- 2008Annual accounts 2008-133,6 k €↑
- 2007Annual accounts 2007-566,5 k €
- 26/04/2007IncorporationPublic limited company