DEEP FOREST
ActiveSummary
DEEP FOREST has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,889 and a net result of €162,546. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 21% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency42▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.13 in 2024; short-term debt: 83.3% and cash: 39.2% of total assets), and 83.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
16.7%
Return on assets
143.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31840 sector peers (2025).
NBB · sector comparisonPosition among 31840 sector peers
Solvency
better than 21%
← weakest
strongest →
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 28-05-2026, 64 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
64 d early
2024
27 d early
2023
36 d early
2022
28 d early
2021
24 d late
2020
5 d late
2019
6 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,889▼ 2.3%
2024 · €19,343
Total assets
€112,974▼ 22.0%
2024 · €144,913
Net result
€162,546▲ 50.8%
2024 · €107,822
Working capital
€15,264▼ 5.5%
2024 · €16,150
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€95,608▲ 307%€137,513▲ 43.8%€129,117▼ 6.1%€135,219▲ 4.7%€208,981▲ 54.6%
Net result€76,879▲ 378%€100,591▲ 30.8%€101,882▲ 1.3%€107,822▲ 5.8%€162,546▲ 50.8%
Equity€20,048▼ 51.9%€18,639▼ 7.0%€19,521▲ 4.7%€19,343▼ 0.9%€18,889▼ 2.3%
Total assets€148,314▲ 210%€66,184▼ 55.4%€145,835▲ 120%€144,913▼ 0.6%€112,974▼ 22.0%
Debt€128,266▲ 2,008%€47,545▼ 62.9%€126,314▲ 166%€125,570▼ 0.6%€94,084▼ 25.1%
Working capital€19,605▼ 51.7%€11,466▼ 41.5%€16,892▲ 47.3%€16,150▼ 4.4%€15,264▼ 5.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +210% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112,974
Fixed assets
€3,625 ▼ 21.8%
Current assets
€109,348 ▼ 22.0%
Equity and liabilities €112,974
Equity
€18,889 ▼ 2.3%
Debt
€94,084 ▼ 25.1%
Debt's share of the balance-sheet total falls from 86.7% to 83.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€209,991▲
2024 · €136,393
Cash flow
€163,556▲
2024 · €108,997
Current ratio
1.16▲
2024 · 1.13
Debt to equity
4.98▼
2024 · 6.49
ROE
860.5%▲
2024 · 557.4%
ROA
143.9%▲
2024 · 74.4%
Interest coverage
2185.13▲
2024 · 1713.26
Debt ≤ 1 year
€94,084▼
2024 · €124,128
Income taxes
€48,200▲
2024 · €30,130
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €630 | €695 | €1,364 | €1,174 | €1,010 | ▼ 14.0% |
| Other operating charges640/8 | €535 | €348 | €448 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €96,773 | €138,556 | €130,929 | €136,780 | €210,391 | ▲ 53.8% |
| Operating profit (loss)9901 | €95,608 | €137,513 | €129,117 | €135,219 | €208,981 | ▲ 54.6% |
| Financial income75/76B | €1,130 | - | €1,714 | €2,813 | €1,861 | ▼ 33.8% |
| Recurring financial income75 | €1,130 | - | €1,714 | €2,813 | €1,861 | ▼ 33.8% |
| Financial charges65/66B | €35 | €48 | €48 | €80 | €96 | ▲ 20.7% |
| Recurring financial charges65 | €35 | €48 | €48 | €80 | €96 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | €96,703 | €137,465 | €130,783 | €137,952 | €210,746 | ▲ 52.8% |
| Income taxes67/77 | €19,824 | €36,874 | €28,901 | €30,130 | €48,200 | ▲ 60.0% |
| Profit (loss) for the period9904 | €76,879 | €100,591 | €101,882 | €107,822 | €162,546 | ▲ 50.8% |
| Profit (loss) for the period to be appropriated9905 | €76,879 | €100,591 | €101,882 | €107,822 | €162,546 | ▲ 50.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,314 | €66,184 | €145,835 | €144,913 | €112,974 | ▼ 22.0% |
| Fixed assets21/28 | €443 | €7,173 | €5,809 | €4,635 | €3,625 | ▼ 21.8% |
| Tangible fixed assets22/27 | €443 | €7,173 | €5,809 | €4,635 | €3,625 | ▼ 21.8% |
| Plant, machinery and equipment23 | - | €1,594 | €881 | - | - | - |
| Furniture and vehicles24 | €443 | €5,579 | €4,928 | €2,035 | €1,025 | ▼ 49.6% |
| Other tangible fixed assets26 | - | - | - | €2,600 | €2,600 | = |
| Current assets29/58 | €147,871 | €59,011 | €140,026 | €140,278 | €109,348 | ▼ 22.0% |
| Amounts receivable after more than one year29 | €35,000 | €48,319 | - | - | - | - |
| Trade receivables290 | - | €27,845 | - | - | - | - |
| Other amounts receivable291 | €35,000 | €20,474 | - | - | - | - |
| Amounts receivable within one year40/41 | €40,174 | - | €66,605 | €77,692 | €64,504 | ▼ 17.0% |
| Trade receivables40 | €28,623 | - | €22,220 | €29,245 | €44,647 | ▲ 52.7% |
| Other amounts receivable41 | €11,551 | - | €44,385 | €48,447 | €19,857 | ▼ 59.0% |
| Cash at bank and in hand54/58 | €72,697 | €10,230 | €72,608 | €62,529 | €44,255 | ▼ 29.2% |
| Deferred charges and accrued income490/1 | - | €462 | €813 | €57 | €589 | ▲ 942% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,314 | €66,184 | €145,835 | €144,913 | €112,974 | ▼ 22.0% |
| Equity10/15 | €20,048 | €18,639 | €19,521 | €19,343 | €18,889 | ▼ 2.3% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | €1,456 | €47 | €929 | €751 | €297 | ▼ 60.4% |
| Amounts payable17/49 | €128,266 | €47,545 | €126,314 | €125,570 | €94,084 | ▼ 25.1% |
| Amounts payable within one year42/48 | €128,266 | €47,545 | €123,134 | €124,128 | €94,084 | ▼ 24.2% |
| Trade debts44 | €516 | €3,124 | €1,086 | €2,402 | €5,832 | ▲ 143% |
| Suppliers440/4 | €516 | €3,124 | €1,086 | €2,402 | €5,832 | ▲ 143% |
| Taxes, remuneration and social security45 | €37,280 | €27,421 | €21,048 | €13,726 | €25,253 | ▲ 84.0% |
| Taxes450/3 | €37,280 | €27,421 | €21,048 | €13,726 | €25,253 | ▲ 84.0% |
| Other amounts payable47/48 | €90,470 | €17,000 | €101,000 | €108,000 | €63,000 | ▼ 41.7% |
| Accrued charges and deferred income492/3 | - | - | €3,180 | €1,442 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,879 | €100,591 | €101,882 | €107,822 | €162,546 | ▲ 50.8% |
| + Depreciation and write-downs630 | €630 | €695 | €1,364 | €1,174 | €1,010 | ▼ 14.0% |
| Operating cash flow (approximation) | €77,509 | €101,286 | €103,246 | €108,997 | €163,556 | ▲ 50.1% |
| Investment in fixed assets (approximation) | - | -€7,425 | €0 | -€0 | €0 | ▲ 100% |
| Change in cash | - | -€62,467 | €62,378 | -€10,079 | -€18,274 | ▼ 81.3% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €162,546 ▲50.8%
Operating result €208,981, net result €162,546, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
State Gazette act
General meeting · Capital increase
Share issue · Statutes amendment
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-11
State Gazette act
General meeting · Share issue
Director resignation · Director appointment
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Back to profitnet €20,678
Net result €20,678 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit since 1993
Ground area
4,130 m²
Building footprint
277 m²
Volume, LiDAR
1,742 m³
Parcel 22552F0002/00V086, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Jonetlaan 19, 1640 Sint-Genesius-Rode
since 19932.063.364.895
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0002/00V086 | Flanders | 4,130 m² | 1 · 277 m² | 8.6 m · 2 fl. |
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
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Group per the LEI register
1 fund1 fund in the register
Recognitions · licences · registrations
Legal Entity Identifier
699400UTU9NEZEUZAR92
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 29,996 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-08-1993
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450694068
Also
9925:BE0450694068
Registered
02-04-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.