Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
A Fortiori from As, company number BE0466472010, closed financial year 2025 with a result of € 96,363 after tax. For that financial year A Fortiori recorded a gross margin of € 140,866 and equity of € 339,672. Compared with financial year 2024, the result moved from € 71,525 to € 96,363. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 339,672
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 96,363
▲ 35% vs 2024
Profit after tax over the fiscal year.
€ 49,407
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 296,814 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 4,940
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 0
▼ € 608 vs 2024
Loans from banks and other lenders, long and short.
€ 1,223
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,766
▲ 120% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 28,930 | € 90,445 | € 94,517 | € 140,866 | ▲ 49% |
| Profit after taxes | € 12,196 | € 119,838 | € 71,525 | € 96,363 | ▲ 35% |
| Equity | € 802,027 | € 820,264 | € 540,123 | € 339,672 | ▼ 37% |
| Total debts | € 9,975 | € 114,770 | € 360,362 | € 313,783 | ▼ 13% |
| Cash | € 193,647 | € 44,562 | € 74,676 | € 49,407 | ▼ 34% |
| Retained profit | € 783,427 | € 801,664 | € 521,523 | € 321,072 | ▼ 38% |
| Dividend | € 1,600 | € 101,600 | € 351,666 | € 296,814 | ▼ 16% |
| Bank debt | € 0 | € 299 | € 608 | € 0 | ▼ € 608 |
| Balance sheet total | € 812,002 | € 935,034 | € 900,485 | € 653,455 | ▼ 27% |
Key figures of A Fortiori, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to A Fortiori?
What happened at A Fortiori in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 96,363 (▲ 35% vs 2024). Source: NBB ↗
- Luc Vanbuel became a director. NBB
- New establishment in As. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,196 profit in 2022 to € 96,363 profit in 2025.
Paid € 129,185 in corporate taxes since 2022.
Best year ever: 2023, with € 119,838 profit.
Paid out € 751,680 in dividends to the owners in total.
Management
Behind A Fortiori is Luc Vanbuel. It owns 45% of Forticon itself.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Smisstraat(N.B.A.) 23
3665 As
Smisstraat(AS) 23
3665 As
Active since 16 September 1999
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.472.010
- VAT number
- BE 0466.472.010
- Registered office
- Smisstraat(N.B.A.) 23, 3665 As
- Names & denominations
- A Fortiori
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 1999
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings