FORTSIOR (0664.686.164): financials and annual accounts

FORTSIOR

Ostend ·KBO/BCE: BE 0664.686.164

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Balance sheet: assets
Total assets`20/58`	363,981	359,652	269,117	296,722	1.4m	1.0m	95,572	46,441	48,394
Fixed assets`21/28`	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500
Financial fixed assets`28`	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500
Current assets`29/58`	326,481	322,152	231,617	259,222	1.3m	980,849	58,072	8,941	10,894
Amounts receivable after more than one year`29`	255,000	255,000	108,000	-	-	0	11,153	-	-
Other amounts receivable`291`	255,000	255,000	108,000	-	-	0	11,153	-	-
Stocks and contracts in progress`3`	-	-	-	0	815,023	500,563	41,435	-	-
Stocks`30/36`	-	-	-	0	815,023	500,563	41,435	-	-
Amounts receivable within one year`40/41`	78	480	20,079	52,343	137,854	0	3,884	-	-
Trade receivables`40`	-	-	0	12,021	116,665	-	-	-	-
Other amounts receivable`41`	78	480	20,079	40,322	21,189	0	3,884	-	-
Cash at bank and in hand`54/58`	63,116	63,546	103,411	206,878	383,915	480,286	1,601	8,941	10,894
Deferred charges and accrued income`490/1`	8,287	3,127	127	-	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	363,981	359,652	269,117	296,722	1.4m	1.0m	95,572	46,441	48,394
Equity`10/15`	355,518	351,931	218,648	227,968	121,440	45,308	45,891	46,441	47,910
Contributions`10/11`	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000	50,000
Issued capital`100`	-	-	-	-	-	-	250,000	250,000	250,000
Uncalled capital`101`	-	-	-	-	-	-	200,000	200,000	200,000
Reserves`13`	305,518	301,931	168,648	177,968	71,440	-	-	-	-
Distributable reserves`133`	305,518	301,931	168,648	177,968	71,440	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	0	-4,692	-4,109	-3,559	-2,090
Provisions and deferred taxes`16`	2,125	2,125	2,125	2,125	-	-	-	-	-
Provisions for liabilities and charges`160/5`	2,125	2,125	2,125	2,125	-	-	-	-	-
Major repairs and maintenance`162`	2,125	2,125	2,125	2,125	-	-	-	-	-
Amounts payable`17/49`	6,338	5,596	48,343	66,628	1.3m	973,041	49,681	-	484
Amounts payable after more than one year`17`	-	-	-	0	45,310	74,850	20,700	-	-
Other amounts payable`178/9`	-	-	-	0	45,310	74,850	20,700	-	-
Amounts payable within one year`42/48`	6,338	5,596	48,343	53,351	1.2m	898,191	28,981	-	484
Trade debts`44`	5,513	5,596	48,343	52,307	21,978	22,978	28,981	-	484
Suppliers`440/4`	5,513	5,596	48,343	52,307	21,978	22,978	28,981	-	484
Advances received on contracts in progress`46`	-	-	-	0	1.2m	775,399	-	-	-
Taxes, remuneration and social security`45`	825	-	0	1,044	33,413	99,815	-	-	-
Taxes`450/3`	825	-	0	1,044	33,413	99,815	-	-	-
Accrued charges and deferred income`492/3`	-	-	0	13,277	-	-	-	-	-
Income statement
Gross operating margin`9900`	-2,466	2,805	-12,704	146,062	101,479	-73	-72	-993	-1,286
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	0	2,125	-	-	-	-	-
Other operating charges`640/8`	528	563	1,075	980	1,445	457	455	453	798
Non-recurring operating charges`66A`	-	-	0	480	-	-	-	-	-
Operating profit (loss)`9901`	-2,993	2,242	-13,779	142,476	100,034	-529	-527	-1,445	-2,084
Financial income`75/76B`	7,562	131,306	4,495	-	-	-	-	-	-
Recurring financial income`75`	7,562	131,306	4,495	-	-	-	-	-	-
Financial charges`65/66B`	45	265	35	69	91	54	23	24	6
Recurring financial charges`65`	45	265	35	69	91	54	23	24	6
Profit (loss) for the period before taxes`9903`	4,523	133,282	-9,320	142,408	99,943	-583	-549	-1,469	-2,090
Income taxes`67/77`	936	-	0	35,879	23,811	-	-	-	-
Profit (loss) for the period`9904`	3,587	133,282	-9,320	106,528	76,131	-583	-549	-1,469	-2,090
Profit (loss) for the period to be appropriated`9905`	3,587	133,282	-9,320	106,528	76,131	-583	-549	-1,469	-2,090
Appropriation of the result
Profit (loss) to be appropriated`9906`	3,587	133,282	-9,320	106,528	71,440	-4,692	-4,109	-3,559	-2,090
Profit (loss) brought forward from the previous period`14P`	-	-	-	0	-4,692	-	-	-	-
Transfer from equity`791/2`	-	0	9,320	-	-	-	-	-	-
Transfer to equity`691/2`	3,587	133,282	0	106,528	71,440	-	-	-	-
To other reserves`6921`	3,587	133,282	0	106,528	71,440	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	0	0	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	27-08-2026	2026-00475833	PDF
31-12-2024	abbreviated format	29-08-2025	2025-00467741	PDF
31-12-2023	abbreviated format	29-08-2024	2024-00399273	PDF
31-12-2022	abbreviated format	31-08-2023	2023-00418698	PDF
31-12-2021	abbreviated format	31-08-2022	2022-20420818	PDF
31-12-2020	abbreviated format	13-07-2021	2021-35100092	PDF
31-12-2019	abbreviated format	30-10-2020	2020-65800225	PDF
31-12-2018	abbreviated format	30-08-2019	2019-59700434	PDF
31-12-2017	abbreviated format	25-09-2018	2018-64400139	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Investment in fixed assets	-	-	-	-	-	0	-	-	37,500
Change in cash	-430	-39,865	-103,467	-177,037	-96,371	478,686	-7,340	-1,953	-
Working capital	320,143	316,556	183,274	205,871	129,250	82,658	29,091	-	10,410
Solvency	97.7%	97.9%	81.2%	76.8%	8.8%	4.4%	48.0%	100.0%	99.0%
Current ratio	51.51	57.57	4.79	4.86	1.11	1.09	2.00	-	22.51
Quick ratio	51.51	57.57	4.79	4.86	0.43	0.53	0.57	-	22.51
Debt to equity	0.02	0.02	0.22	0.29	10.32	21.48	1.08	-	0.01
ROE	1.0%	37.9%	-4.3%	46.7%	62.7%	-1.3%	-1.2%	-3.2%	-4.4%
ROA	1.0%	37.1%	-3.5%	35.9%	5.5%	-0.1%	-0.6%	-3.2%	-4.3%

FORTSIOR

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency97.7%

Current ratio51.51

Return on assets1.0%

Filed annual accounts

Filings

Key figures and ratios

Insights on FORTSIOR

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