EXPLOITATIONS FORESTIERES SERVAIS PIERRE
ActiveEXPLOITATIONS FORESTIERES SERVAIS PIERRE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €403k and a net result of €-14k. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 143 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
68
/ 100
Healthy▲ +16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.51 against 6.41 in 2023), and 30.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69.2%
Return on assets
-2.4%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
86 d late
2022
92 d late
2021
92 d late
2020
91 d late
2019
146 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-14k▲ 71.5%
2023 · €-49k
2018: €-44k
2019: €2k
2020: €-64k
2021: €-16k
2022: €62k
2023: €-49k
2018 → 2024
Working capital
€270k▲ 8.0%
2023 · €250k
2018: €388k
2019: €397k
2020: €344k
2021: €245k
2022: €272k
2023: €250k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€420k-€404k▼ 3.7%€466k▲ 15.3%€417k▼ 10.6%€403k▼ 3.4%
Operating result€-62k-€-14k▲ 76.6%€63k€-49k€-13k▲ 72.2%
Net result€-64k-€-16k▲ 75.4%€62k€-49k€-14k▲ 71.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2024 against €49k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €582k
Fixed assets
€135k▼ 23.3%
Current assets
€448k▲ 51.4%
Equity and liabilities €582k
Equity
€403k▼ 3.4%
Debt
€179k▲ 232%
The debt ratio rises from 11.5% to 30.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€32k▲
2023 · €-4k
Cash flow
€32k▲
2023 · €-4k
Solvency
69.2%▼
2023 · 88.5%
Current ratio
2.51▼
2023 · 6.41
Quick ratio
0.33▼
2023 · 1.13
Debt / equity
0.45▲
2023 · 0.13
ROE
-3.5%▲
2023 · -11.8%
ROA
-2.4%▲
2023 · -10.5%
Interest coverage
51.82▲
2023 · -4.09
Debt
€179k▲
2023 · €54k
Debt ≤ 1 year
€178k▲
2023 · €46k
Staff costs
€10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€471k€582k▲
Fixed assets21/28€175k€135k▼
Tangible fixed assets22/27€175k€134k▼
Land and buildings22€6k€6k=
Plant, machinery and equipment23€127k€109k▼
Furniture and vehicles24€42k€19k▼
Financial fixed assets28€535€875▲
Current assets29/58€296k€448k▲
Stocks and contracts in progress3€243k€389k▲
Stocks30/36€243k€389k▲
Amounts receivable within one year40/41€28k€47k▲
Trade receivables40€20k€47k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€22k€10k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€471k€582k▲
Equity10/15€417k€403k▼
Contributions10/11€219k€219k=
Capital10€219k€219k=
Issued capital100€219k€219k=
Reserves13€140k€140k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€134k€134k=
Profit (loss) carried forward14€58k€44k▼
Amounts payable17/49€54k€179k▲
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€46k€178k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€37k€169k▲
Suppliers440/4€37k€169k▲
Taxes, remuneration and social security45€30€748▲
Taxes450/3€30€748▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€46k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-2k€44k▲
Operating profit (loss)9901€-49k€-13k▲
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€867€623▼
Recurring financial charges65€867€623▼
Profit (loss) for the period before taxes9903€-49k€-14k▲
Profit (loss) for the period9904€-49k€-14k▲
Profit (loss) for the period to be appropriated9905€-49k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€44k▼
Profit (loss) brought forward from the previous period14P€108k€58k▼
Social balance
Average headcount (FTE)9087-0.5
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 86 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-12
Financial
Back to profitnet €62k
Net result €62k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-12
Financial
Weakest financial yearnet €-64k ▼2747%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 146 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 8.91
Current ratio from 4.31 to 8.91; short-term debt falls from €117k to €50k.
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Houffalize · 1 establishment unit since 1998
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.
Grande-Mormont 216666 HouffalizeGround area
1,381 m²
Building footprint
175 m²
Parcel 82035D0105/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Grande-Mormont 21, 6666 Houffalize
since 19982.089.917.359
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82035D0105/00A000 | Wallonia | 1,381 m² | 1 · 175 m² | - |
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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LUXGREEN LONTZEN
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ENTREPRISE FORESTIERE STILMANT & FILS
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ILC BOIS
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Of 1,551 companies in sector 02200 we hold annual accounts for 448. 332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-12-1998
Fiscal year end31-12
Activities, NACEBEL
02012
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.