Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7.3 to 5.8.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FORTINO CAPITAL PARTNERS from Antwerpen, company number BE0542691739, closed financial year 2025 with a result of € 2 million after tax. For that financial year FORTINO CAPITAL PARTNERS recorded revenue of € 18.8 million and equity of € 2.7 million. Compared with financial year 2024, the result moved from € 1.9 million to € 2 million. Profitable, and profit is growing. The buffer shrank hard: equity is 69 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 2.7 million
▼ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2 million
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
5.8
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 647,125
▲ 4% vs 2024
€ 111,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 37,240
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5.7 million
▲ 240% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 110 days on average.
€ 302,431
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 12,604,887 | € 18,750,732 | ▲ 49% |
| Gross margin | € 3,915,677 | € 4,734,872 | - | - | |
| Profit after taxes | € 2,745,669 | € 2,725,006 | € 1,872,377 | € 1,984,629 | ▲ 6% |
| Equity | € 6,719,339 | € 6,797,278 | € 8,669,654 | € 2,654,283 | ▼ 69% |
| Total debts | € 3,419,360 | € 2,804,850 | € 2,032,594 | € 14,111,119 | ▲ € 12.1 million |
| Cash | € 7,111,535 | € 3,525,155 | € 1,722,904 | € 1,053,166 | ▼ 39% |
| Retained profit | € 6,271,039 | € 6,348,978 | € 8,221,354 | € 2,205,983 | ▼ 73% |
| Dividend | € 107,402 | € 2,647,067 | € 0 | € 8,000,000 | |
| Balance sheet total | € 10,138,699 | € 9,602,128 | € 10,702,248 | € 16,765,402 | ▲ 57% |
| Employees (FTE) | 6.5 | 7.3 | 6.3 | 5.8 | ▼ 0.5 |
Key figures of FORTINO CAPITAL PARTNERS, 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 FORTINO CAPITAL PARTNERS?
What happened at FORTINO CAPITAL PARTNERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FILIP MERCKX stepped down as director. NBB
- ROXALI stepped down as director. NBB
- Be@dvised SRL stepped down as director. NBB
- Advocatenkantoor Geert Verhoeven SRL stepped down as director. NBB
- Fortino Beheer SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2 million (▲ 6% vs 2024). Source: NBB ↗
- ROXALI became a director. NBB
- Advocatenkantoor Geert Verhoeven SRL became a director. NBB
In short
From € 2.7 million profit in 2022 to € 2 million profit in 2025.
Paid € 2.8 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.7 million profit.
On average € 648,600 of value added per employee in 2023.
A new publication or filing at FORTINO CAPITAL PARTNERS? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Fortino Beheer (100%).
Directors
According to the 2025 annual accounts
FILIP MERCKX
Director
since 2018 · until 2027
Director · represented by CELINE VANBEVER
Also active at: Mobilexpense, Fortino Capital Growth PE I MMF, CXM Holding, Galibier Holding
since 2023 · until 2027
Director · represented by RENAAT BERCKMOES
Also active at: VANBREDA RISK & BENEFITS, ADDACTIS Group, Mobietrain, Fortino Capital Growth PE I MMF, EFFICY
since 2017 · until 2027
Advocatenkantoor Geert Verhoeven SRL
Director · represented by GEERT VERHOEVEN
since 2022 · until 2027
since 2017 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Borsbeeksebrug 36
2600 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →GSJ advocaten
€ 3.1 million gross margin · 2025
Fortino Capital Venture I ARKIV
€ -263,697 gross margin · 2025
Fortino Capital Growth PE I ARKIV
€ -3.3 million gross margin · 2025
Fortino Capital Growth PE I MMF same network
€ 28.2 million gross margin · 2025
Fortino Capital Venture II
€ 240,703 gross margin · 2025
+16 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0542.691.739
- VAT number
- BE 0542.691.739
- Registered office
- Borsbeeksebrug 36, 2600 Antwerpen
- Names & denominations
- FORTINO CAPITAL PARTNERS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 2013
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Holdings
Adviesbureaus op het gebied van public relations en communicatie
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering