Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 51.9 to 37.
-
Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FORWARD Services from Hasselt, company number BE0673543848, closed financial year 2025 with a result of € 596,764 after tax. For that financial year FORWARD Services recorded revenue of € 8.8 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 456,638 to € 596,764. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 1.7 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 596,764
▲ 31% vs 2024
Profit after tax over the fiscal year.
€ 20,252
▼ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 320,000 paid out
54 % of the profit went to the shareholders, mostly to XPlore Group Commerce NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
37
▼ 6.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▼ 11% vs 2024
€ 75,100 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 816,890
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 429,474
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,901,854 | € 8,783,645 | € 9,400,751 | € 8,767,485 | ▼ 7% |
| Gross margin | € 4,126,922 | € 3,441,978 | € 3,849,162 | € 3,624,259 | ▼ 6% |
| Profit after taxes | € 520,435 | € -84,170 | € 456,638 | € 596,764 | ▲ 31% |
| Equity | € 1,288,009 | € 1,203,839 | € 1,385,477 | € 1,662,241 | ▲ 20% |
| Total debts | € 1,905,366 | € 1,236,773 | € 1,669,951 | € 1,617,290 | ▼ 3% |
| Cash | € 74,935 | € 81,621 | € 40,370 | € 20,252 | ▼ 50% |
| Retained profit | € 1,226,009 | € 1,141,839 | € 1,323,477 | € 1,600,241 | ▲ 21% |
| Dividend | € 660,000 | € 0 | € 275,000 | € 320,000 | ▲ 16% |
| Balance sheet total | € 3,193,608 | € 2,440,612 | € 3,055,585 | € 3,281,243 | ▲ 7% |
| Employees (FTE) | 51.2 | 51.9 | 43.3 | 37 | ▼ 6.3 |
Key figures of FORWARD Services, 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 FORWARD Services?
What happened at FORWARD Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- De Cronos Groep NV stepped down as director. NBB
- XPlore Group Commerce NV stepped down as director. NBB
- Josephus de Wit stepped down as director. NBB
- XGD NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 596,764 (▲ 31% vs 2024). filed late Source: NBB ↗
- De Cronos Groep NV became a director. NBB
- XPlore Group Commerce NV became a director. NBB
- Josephus de Wit became a director. NBB
In short
From € 520,435 profit in 2022 to € 596,764 profit in 2025.
Paid € 516,369 in corporate taxes since 2022.
Best year ever: 2025, with € 596,764 profit.
On average € 98,000 of value added per employee in 2025.
Management
The shares are held by XPlore Group Commerce NV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Deroost
Also active at: RESIDENCE LES ONDES, FOCUS ADVERTISING, Cronos, EECKHOUT JAN, VENTIGRATE, CRONOS PUBLIC SERVICES, Customer Link, Obycron +444 more
since 2022 · until 2028
Director · represented by Tim Goffings
since 2022 · until 2028
Josephus de Wit
Director
since 2022 · until 2028
since 2022 · until 2028
Shareholders
XPlore Group Commerce NV · holding of XGD NV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kempische steenweg 311 box 5.01
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →MIJNEN
€ 1 revenue · 2025
PENSIOENFONDS VAN HET KEMPENS STEENKOLENBEKKEN
LRM Beheer
€ 146,800 revenue · 2025
SCIA
€ 8.9 million revenue · 2025
H.W.P.
€ 83,121 revenue · 2025
+30 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
- 0673.543.848
- VAT number
- BE 0673.543.848
- Registered office
- Kempische steenweg 311 bus 5.01, 3500 Hasselt
- Names & denominations
- FORWARD Services
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 March 2017
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- 0032 11 77 17 20
- Activities · NACE
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