F & S PROJECTS
0890.522.653 · rovalta.com · 22/09/2026
NORMAL SITUATION
F & S PROJECTS
Financial year 2025 · closed on 25/08/2025
Net result
23,1 k €
-95.9% YoY
Gross margin
120,4 k €
-89.9% YoY
Equity
1,2 M €
+1.9% YoY
Company — Normal situation.
Overview
What does F & S PROJECTS do?
F & S PROJECTS is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0890.522.653
Legal form
Private limited company
Contributed capital
1 478 600,00 €
Latest accounts
25/08/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 120,4 k € | -89.9% | 1,2 M € | -5.3% | 1,3 M € | +2940% | -44,5 k € | -104% | 1,1 M € | -28.3% | 1,6 M € | +5.5% | 1,5 M € | +4.3% | 1,5 M € | -3.4% | 1,5 M € | +0.1% | 1,5 M € | +9.2% | 1,4 M € | +5.9% | 1,3 M € | +28.7% | 1 M € | +7.5% | 937,9 k € | +3.0% | 910,6 k € | +113% | 427,2 k € | +45.2% | 294,2 k € |
| EBITDA | 93,9 k € | -86.1% | 673,5 k € | +31.4% | 512,7 k € | +164% | -803,5 k € | -407% | 261,8 k € | -32.6% | 388,6 k € | +82.1% | 213,4 k € | -44.6% | 385,3 k € | +29.0% | 298,7 k € | -29.7% | 424,8 k € | +1.9% | 416,9 k € | +16.1% | 359,2 k € | +35.3% | 265,5 k € | +0.6% | 263,9 k € | -30.2% | 378,3 k € | +122% | 170,2 k € | +10.1% | 154,6 k € |
| Operating result | 29,7 k € | -94.8% | 573,8 k € | +234% | 172 k € | +117% | -995,7 k € | -2834% | 36,4 k € | -67.9% | 113,6 k € | +214% | -99,5 k € | -215% | 86,7 k € | +281% | 22,7 k € | -80.3% | 115,4 k € | -9.1% | 126,9 k € | +37.1% | 92,6 k € | +170% | 34,3 k € | -53.6% | 74 k € | -67.9% | 230,7 k € | +193% | 78,7 k € | +13.3% | 69,4 k € |
| Net result | 23,1 k € | -95.9% | 560,1 k € | +431% | 105,4 k € | +110% | -1 M € | -3056% | -32,5 k € | -189% | 36,7 k € | +121% | -171,7 k € | -36016% | 478 € | +101% | -50,1 k € | -292% | 26,1 k € | +1746% | 1,4 k € | -91.2% | 16 k € | +16.0% | 13,8 k € | -86.3% | 100,4 k € | -30.3% | 143,9 k € | +287% | 37,1 k € | -1.9% | 37,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 1,2 M € | +1.9% | 1,2 M € | +85.6% | 654,3 k € | +172% | -911,1 k € | -893% | 115 k € | -22.0% | 147,5 k € | +33.2% | 110,8 k € | -60.8% | 282,4 k € | +0.2% | 282 k € | -15.1% | 332,1 k € | +8.5% | 306 k € | +0.5% | 304,6 k € | +5.5% | 288,6 k € | +5.0% | 274,8 k € | +28.1% | 214,4 k € | +113% | 100,5 k € | +58.6% | 63,4 k € |
| Total assets | 2,2 M € | -4.9% | 2,3 M € | +12.7% | 2 M € | -2.2% | 2,1 M € | -43.1% | 3,6 M € | -7.7% | 3,9 M € | -2.7% | 4 M € | -2.8% | 4,1 M € | -0.8% | 4,2 M € | -3.7% | 4,3 M € | +15.7% | 3,7 M € | +0.1% | 3,7 M € | +125% | 1,7 M € | -1.3% | 1,7 M € | +58.6% | 1,1 M € | +32.9% | 798,7 k € | +17.5% | 679,6 k € |
| Cash | 62,9 k € | -54.5% | 138,2 k € | -12.6% | 158,2 k € | +255% | 44,6 k € | -21.5% | 56,8 k € | -20.3% | 71,2 k € | -28.9% | 100,2 k € | +59.3% | 62,9 k € | +289% | 16,2 k € | -73.7% | 61,5 k € | -50.2% | 123,5 k € | -31.6% | 180,4 k € | -32.3% | 266,5 k € | +75.6% | 151,8 k € | +99.9% | 75,9 k € | +54.7% | 49,1 k € | +96.7% | 25 k € |
| Debts | 918,4 k € | -12.7% | 1,1 M € | -22.5% | 1,4 M € | -54.3% | 3 M € | -15.2% | 3,5 M € | -7.1% | 3,8 M € | -3.8% | 3,9 M € | +1.5% | 3,9 M € | -0.3% | 3,9 M € | -2.4% | 4 M € | +16.5% | 3,4 M € | +0.1% | 3,4 M € | +155% | 1,3 M € | -2.5% | 1,4 M € | +69.5% | 807,8 k € | +16.6% | 692,6 k € | +12.8% | 614,1 k € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | – | 9,8 ETP | -3.0% | 10,1 ETP | -4.7% | 10,6 ETP | -34.2% | 16,1 ETP | -34.3% | 24,5 ETP | +2.1% | 24,0 ETP | – | 20,3 ETP | +3.0% | 19,7 ETP | +12.6% | 17,5 ETP | -8.9% | 19,2 ETP | +31.5% | 14,6 ETP | +7.4% | 13,6 ETP | +20.4% | 11,3 ETP | +91.5% | 5,9 ETP | +40.5% | 4,2 ETP | |||
Governance
Board of directors
Seen on filing of 25/08/2025 · 3 active · 13 ended
Active mandates
Ended mandates
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 | 25/08/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 8 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 06/03/2026 | 10/06/2025 | 26/04/2024 | 31/08/2023 | 31/08/2022 | 31/08/2021 |
| General meeting | 25/08/2025 | 06/06/2025 | 23/04/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 |
| 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
17 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 25/08/2025 | 25/08/2025 | 06/03/2026 | Dutch | |
| Abridged model | 31/12/2024 | 06/06/2025 | 10/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 23/04/2024 | 26/04/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 31/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 30/06/2022 | 31/08/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 31/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 30/11/2020 | Dutch | |
| Abridged model | 31/12/2018 | 30/06/2019 | 30/08/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 31/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 02/06/2017 | 11/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 03/06/2016 | 29/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 05/06/2015 | 31/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 06/06/2014 | 28/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 28/06/2013 | 15/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 01/06/2012 | 05/06/2012 | Dutch | |
| Abridged model | 31/12/2010 | 03/06/2011 | 22/06/2011 | Dutch | |
| Abridged model | 31/12/2009 | 04/06/2010 | 16/06/2010 | Dutch |
Valuation
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.
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 25/08/2025 · 3 active · 13 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
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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 202523,1 k €↓
- 2024Annual accounts 2024560,1 k €↑
- 2023Annual accounts 2023105,4 k €↑
- 2022Annual accounts 2022-1 M €↓
- 2021Annual accounts 2021-32,5 k €↓
- 2020Annual accounts 202036,7 k €↑
- 2019Annual accounts 2019-171,7 k €↓
- 2018Annual accounts 2018478 €↑
- 2017Annual accounts 2017-50,1 k €↓
- 2016Annual accounts 201626,1 k €↑
- 2015Annual accounts 20151,4 k €↓
- 2014Annual accounts 201416 k €↑
- 2013Annual accounts 201313,8 k €↓
- 2012Annual accounts 2012100,4 k €↓
- 2011Annual accounts 2011143,9 k €↑
- 2010Annual accounts 201037,1 k €↓
- 2009Annual accounts 200937,9 k €