Fortino Capital Growth PE II
ActiveSummary
Fortino Capital Growth PE II has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245.01M and a net result of €-7.36M. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-5
Solvency100=
Growth52
Track record82
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days only on tighter terms
Liquidity short (current ratio 0.21 against 52.99 in 2024; short-term debt: 6.6% and cash: 0% of total assets), and 6.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.4%
Return on assets
-2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
35 d early
2024
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€245.01M▲ 24.1%
2024 · €197.37M
2024: €197.37M
2025: €245.01M▲ +24.1% vs 2024
2024 → 2025
Total assets
€262.30M▲ 32.8%
2024 · €197.57M
2024: €197.57M
2025: €262.30M▲ +32.8% vs 2024
2024 → 2025
Net result
€-7.36M▼ 238%
2024 · €-2.18M
2024: €-2.18M
2025: €-7.36M▼ -238% vs 2024
2024 → 2025
Working capital
€-13.68M
2024 · €10.12M
2024: €10.12M
2025: €-13.68M▼ -235% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€197.37M-€245.01M▲ 24.1%
2024: €197.37M
2025: €245.01M▲ +24.1% vs 2024
Operating result€-2.17M-€-6.67M▼ 207%
2024: €-2.17M
2025: €-6.67M▼ -207% vs 2024
Net result€-2.18M-€-7.36M▼ 238%
2024: €-2.18M
2025: €-7.36M▼ -238% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6.67M in 2025 against €2.17M in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €262.30M
Fixed assets
€258.73M ▲ 38.2%
Current assets
€3.57M ▼ 65.4%
Equity and liabilities €262.30M
Equity
€245.01M ▲ 24.1%
Debt
€17.29M ▲ 8,783%
Debt's share of the balance-sheet total rises from 0.1% to 6.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.21▼
2024 · 52.99
Debt to equity
0.07▲
2024 · 0.00
ROE
-3.0%▼
2024 · -1.1%
ROA
-2.8%▼
2024 · -1.1%
Debt ≤ 1 year
€17.25M▲
2024 · €195k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€197.57M€262.30M▲
Fixed assets21/28€187.26M€258.73M▲
Financial fixed assets28€187.26M€258.73M▲
Current assets29/58€10.31M€3.57M▼
Amounts receivable within one year40/41€122k€3.46M▲
Trade receivables40-€24k
Other amounts receivable41€122k€3.44M▲
Cash at bank and in hand54/58€10.19M€12k▼
Deferred charges and accrued income490/1-€90k
Equity and liabilities
Total equity and liabilities10/49€197.57M€262.30M▲
Equity10/15€197.37M€245.01M▲
Contributions10/11€199.55M€254.55M▲
Profit (loss) carried forward14€-2.18M€-9.53M▼
Amounts payable17/49€195k€17.29M▲
Amounts payable within one year42/48€195k€17.25M▲
Financial debts43-€17.06M
Credit institutions430/8-€17.06M
Trade debts44€195k€192k▼
Suppliers440/4€195k€192k▼
Accrued charges and deferred income492/3-€33k
Income statement
Code20242025
Other operating charges640/8€993€120▼
Gross operating margin9900€-2.17M€-6.67M▼
Operating profit (loss)9901€-2.17M€-6.67M▼
Financial income75/76B€24k€97k▲
Recurring financial income75€24k€97k▲
Financial charges65/66B€25k€783k▲
Recurring financial charges65€25k€783k▲
Profit (loss) for the period before taxes9903€-2.18M€-7.36M▼
Profit (loss) for the period9904€-2.18M€-7.36M▼
Profit (loss) for the period to be appropriated9905€-2.18M€-7.36M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.18M€-9.53M▼
Profit (loss) brought forward from the previous period14P-€-2.18M
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €993 | €120 | ▼ 87.9% |
| Gross operating margin9900 | €-2.17M | €-6.67M | ▼ 207% |
| Operating profit (loss)9901 | €-2.17M | €-6.67M | ▼ 207% |
| Financial income75/76B | €24k | €97k | ▲ 302% |
| Recurring financial income75 | €24k | €97k | ▲ 302% |
| Financial charges65/66B | €25k | €783k | ▲ 3,038% |
| Recurring financial charges65 | €25k | €783k | ▲ 3,038% |
| Profit (loss) for the period before taxes9903 | €-2.18M | €-7.36M | ▼ 238% |
| Profit (loss) for the period9904 | €-2.18M | €-7.36M | ▼ 238% |
| Profit (loss) for the period to be appropriated9905 | €-2.18M | €-7.36M | ▼ 238% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €197.57M | €262.30M | ▲ 32.8% |
| Fixed assets21/28 | €187.26M | €258.73M | ▲ 38.2% |
| Financial fixed assets28 | €187.26M | €258.73M | ▲ 38.2% |
| Current assets29/58 | €10.31M | €3.57M | ▼ 65.4% |
| Amounts receivable within one year40/41 | €122k | €3.46M | ▲ 2,751% |
| Trade receivables40 | - | €24k | - |
| Other amounts receivable41 | €122k | €3.44M | ▲ 2,731% |
| Cash at bank and in hand54/58 | €10.19M | €12k | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | €90k | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €197.57M | €262.30M | ▲ 32.8% |
| Equity10/15 | €197.37M | €245.01M | ▲ 24.1% |
| Contributions10/11 | €199.55M | €254.55M | ▲ 27.6% |
| Profit (loss) carried forward14 | €-2.18M | €-9.53M | ▼ 338% |
| Amounts payable17/49 | €195k | €17.29M | ▲ 8,783% |
| Amounts payable within one year42/48 | €195k | €17.25M | ▲ 8,766% |
| Financial debts43 | - | €17.06M | - |
| Credit institutions430/8 | - | €17.06M | - |
| Trade debts44 | €195k | €192k | ▼ 1.4% |
| Suppliers440/4 | €195k | €192k | ▼ 1.4% |
| Accrued charges and deferred income492/3 | - | €33k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-2.18M | €-7.36M | ▼ 238% |
| Operating cash flow (approximation) | €-2.18M | €-7.36M | ▼ 238% |
| Investment in fixed assets (approximation) | - | €-71.48M | - |
| Change in cash | - | €-10.18M | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
State Gazette act
Appointment: FORTINO CAPITAL PARTNERS (director)Permanent representatives: Céline Vanbever, Charlotte Bonamie and Renaat Berckmoes · Resignation: FORTINO CAPITAL PARTNERS (director)8 facts ▸
State Gazette act
Appointment: FORTINO CAPITAL PARTNERS (director)
Permanent representatives: Céline Vanbever, Charlotte Bonamie and Renaat Berckmoes · Resignation: FORTINO CAPITAL PARTNERS (director)8 facts ▸
- Board meeting, 07-07-2026
- Director appointment, FORTINO CAPITAL PARTNERS (director)
- Permanent representative, Céline Vanbever (permanent representative)
- Permanent representative, Charlotte Bonamie (plaatsvervangende vaste vertegenwoordiger)
- Director resignation, FORTINO CAPITAL PARTNERS (director)
- Permanent representative, Céline Vanbever (plaatsvervangende vaste vertegenwoordiger)
- Permanent representative, Renaat Berckmoes (permanent representative)
- Permanent representative, Céline Vanbever (plaatsvervangende vaste vertegenwoordiger)
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
State Gazette actNBB filing
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
FORTINO CAPITAL PARTNERS
CurrentDirector · since 10-07-2026 · Public limited company
09-07-2026
Reappointed as Director
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2025
Ground area
2.4 ha
Building footprint
2,699 m²
Parcel 11302A0095/00E008, Flanders. Linked by address, not a title deed.
54
companies at this address
See who is registered here
1 establishment unit
Borsbeeksebrug 36, 2600 Antwerpen
since 20252.370.093.545
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0095/00E008 | Flanders | 2.4 ha | 1 · 2,699 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
6 connected companiesThis company
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Director
Shareholding
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Identification & contact
Identification
Legal formPrivate limited company
Founded31-12-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.