DEGEYE FOREST
ActiveDEGEYE FOREST has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €476k and a net result of €52k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 38% of 313 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+25
Solvency56▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.74 against 0.49 in 2024; short-term debt: 25.5% and cash: 2.2% of total assets), and 68.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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
31.3%
Return on assets
3.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
36 d early
2023
24 d late
2022
31 d late
2021
29 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€52k
2024 · €-155k
2018: €93k
2019: €57k
2020: €54k
2021: €177k
2022: €114k
2023: €-44k
2024: €-155k
2018 → 2025
Working capital
€-101k▲ 38.8%
2024 · €-164k
2018: €96k
2019: €-22k
2020: €-35k
2021: €194k
2022: €181k
2023: €-82k
2024: €-164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€529k-€643k▲ 21.6%€579k▼ 10.0%€424k▼ 26.8%€476k▲ 12.4%
Operating result€194k-€150k▼ 23.0%€13k▼ 91.5%€-135k€81k
Net result€177k-€114k▼ 35.3%€-44k€-155k▼ 255%€52k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €81k after a loss of €135k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€1.23M▼ 13.6%
Current assets
€287k▲ 80.9%
Equity and liabilities €1.52M
Equity
€476k▲ 12.4%
Debt
€1.04M▼ 10.1%
The debt ratio falls from 73.3% to 68.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€393k▲
2024 · €177k
Cash flow
€365k▲
2024 · €156k
Solvency
31.3%▲
2024 · 26.7%
Current ratio
0.74▲
2024 · 0.49
Quick ratio
0.74▲
2024 · 0.49
Debt / equity
2.19▼
2024 · 2.74
ROE
11.0%▲
2024 · -36.7%
ROA
3.4%▲
2024 · -9.8%
Interest coverage
14.21▲
2024 · 4.99
Debt
€1.04M▼
2024 · €1.16M
Debt ≤ 1 year
€387k▲
2024 · €323k
Debt > 1 year
€656k▼
2024 · €838k
Staff costs
€68k▲
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.58M€1.52M▼
Fixed assets21/28€1.43M€1.23M▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€1.42M€1.23M▼
Land and buildings22€319k€301k▼
Plant, machinery and equipment23€626k€493k▼
Furniture and vehicles24€479k€438k▼
Financial fixed assets28€135€135=
Current assets29/58€158k€287k▲
Stocks and contracts in progress3€2k€596▼
Stocks30/36€2k€596▼
Amounts receivable within one year40/41€65k€207k▲
Trade receivables40€64k€202k▲
Other amounts receivable41€616€5k▲
Cash at bank and in hand54/58€43k€34k▼
Deferred charges and accrued income490/1€48k€45k▼
Equity and liabilities
Total equity and liabilities10/49€1.58M€1.52M▼
Equity10/15€424k€476k▲
Contributions10/11€149k€149k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€260k€312k▲
Amounts payable17/49€1.16M€1.04M▼
Amounts payable after more than one year17€838k€656k▼
Financial debts170/4€838k€656k▼
Amounts payable within one year42/48€323k€387k▲
Current portion of amounts payable after more than one year42€221k€228k▲
Trade debts44€37k€68k▲
Suppliers440/4€37k€68k▲
Advances received on contracts in progress46-€60k
Taxes, remuneration and social security45€22k€9k▼
Taxes450/3€17k-
Remuneration and social security454/9€4k€9k▲
Other amounts payable47/48€43k€22k▼
Income statement
Code20242025
Non-recurring operating income76A€17k-
Remuneration, social security and pensions62€37k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€312k€312k▲
Other operating charges640/8€8k€5k▼
Gross operating margin9900€222k€466k▲
Operating profit (loss)9901€-135k€81k▲
Financial income75/76B€38€0▼
Recurring financial income75€38€0▼
Financial charges65/66B€36k€28k▼
Recurring financial charges65€36k€28k▼
Non-recurring financial charges66B€332€536▲
Profit (loss) for the period before taxes9903€-170k€52k▲
Income taxes67/77€-15k-
Profit (loss) for the period9904€-155k€52k▲
Profit (loss) for the period to be appropriated9905€-155k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€260k€312k▲
Profit (loss) brought forward from the previous period14P€415k€260k▼
Social balance
Average headcount (FTE)90871.0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €52k
Net result €52k after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-155k
Net result drops to €-155k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €177k ▲226%
Operating result €194k, net result €177k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.08
Current ratio from 0.93 to 2.08; short-term debt falls from €505k to €180k.
31-12
Financial
Equity above €500kEq €529k ▲50.2%
4 profitable years in a row build equity to €529k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Bouillon · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Culot,Noirefontaine 116831 BouillonGround area
2,032 m²
Building footprint
779 m²
Volume, LiDAR
5,703 m³
Parcel 84044D0397/00L000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEGEYE FOREST
since 20172.266.334.229
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84044D0397/00L000 | Wallonia | 2,032 m² | 1 · 779 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 329 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded03-07-2017
Fiscal year end31-12
Activities, NACEBEL
02200Logging
02400Forestry and logging
43120Site preparation
46832Wholesale of timber
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:judegeye@hotmail.com
Phone:0499/18.80.06