FOREEST
ActiveFOREEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.89M and a net result of €282k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 2380 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2380 sector peers (2025).
NBB · sector comparisonPosition among 2380 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
1 d early
2021
1 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€1.89M▲ 9.6%
2024 · €1.73M
2018: €439k
2019: €509k
2020: €721k
2021: €963k
2022: €1.11M
2023: €1.31M
2024: €1.73M
2018 → 2025
Net result
€282k▼ 32.7%
2024 · €419k
2018: €8k
2019: €71k
2020: €211k
2021: €242k
2022: €151k
2023: €197k
2024: €419k
2018 → 2025
Total assets
€6.59M▲ 41.2%
2024 · €4.67M
2018: €450k
2019: €1.13M
2020: €1.24M
2021: €2.27M
2022: €3.75M
2023: €4.19M
2024: €4.67M
2018 → 2025
Solvency
28.7%▼ 8.3pp
2024 · 37.0%
2018: 97.5%
2019: 45.0%
2020: 58.3%
2021: 42.4%
2022: 29.7%
2023: 31.3%
2024: 37.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€856k€790k▼ 7.7%
Equity€963k-€1.11M▲ 15.7%€1.31M▲ 17.7%€1.73M▲ 31.9%€1.89M▲ 9.6%
Operating result€336k-€228k▼ 32.3%€308k▲ 35.1%€613k▲ 99.2%€382k▼ 37.6%
Net result€242k-€151k▼ 37.6%€197k▲ 30.6%€419k▲ 113%€282k▼ 32.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.59M
Fixed assets
€5.99M▲ 54.2%
Current assets
€600k▼ 23.5%
Equity and liabilities €6.59M
Equity
€1.89M▲ 9.6%
Debt
€4.70M▲ 59.8%
The debt ratio rises from 63.0% to 71.3%: debt grows faster than equity.
Key figures and ratios
Solvency
28.7%▼
2024 · 37.0%
ROE
14.9%▼
2024 · 24.2%
ROA
4.3%▼
2024 · 9.0%
Debt
€4.70M▲
2024 · €2.94M
Debt ≤ 1 year
€1.02M▲
2024 · €777k
Debt > 1 year
€3.66M▲
2024 · €2.14M
Income taxes
€81k▼
2024 · €139k
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€4.67M€6.59M▲
Fixed assets21/28€3.88M€5.99M▲
Tangible fixed assets22/27€1.58M€3.68M▲
Land and buildings22€1.45M€3.58M▲
Plant, machinery and equipment23-€29k
Furniture and vehicles24€132k€73k▼
Financial fixed assets28€2.31M€2.31M=
Affiliated companies280/1€2.31M€2.31M=
Participating interests280€2.31M€2.31M=
Current assets29/58€783k€600k▼
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€12k€40k▲
Trade receivables40€12k€0▼
Other amounts receivable41€0€40k▲
Current investments50/53€504k€402k▼
Other investments51/53€504k€402k▼
Cash at bank and in hand54/58€155k€43k▼
Deferred charges and accrued income490/1€12k€14k▲
Equity and liabilities
Total equity and liabilities10/49€4.67M€6.59M▲
Equity10/15€1.73M€1.89M▲
Contributions10/11€431k€431k=
Reserves13€1.30M€1.46M▲
Tax-exempt reserves132€177k€76k▼
Distributable reserves133€1.12M€1.39M▲
Amounts payable17/49€2.94M€4.70M▲
Amounts payable after more than one year17€2.14M€3.66M▲
Financial debts170/4€2.14M€3.66M▲
Credit institutions173€1.44M€3.03M▲
Other loans174€699k€629k▼
Amounts payable within one year42/48€777k€1.02M▲
Current portion of amounts payable after more than one year42€385k€443k▲
Trade debts44€9k€10k▲
Suppliers440/4€9k€10k▲
Taxes, remuneration and social security45€16k€4k▼
Taxes450/3€16k€4k▼
Other amounts payable47/48€367k€561k▲
Accrued charges and deferred income492/3€25k€17k▼
Income statement
Code20242025
Operating income70/76A€858k€961k▲
Turnover70€856k€790k▼
Other operating income74€1k€171k▲
Operating charges60/66A€245k€578k▲
Services and other goods61€149k€203k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€106k▲
Other operating charges640/8€22k€269k▲
Operating profit (loss)9901€613k€382k▼
Financial income75/76B€6k€53k▲
Recurring financial income75€6k€53k▲
Income from financial fixed assets750€2k€0▼
Income from current assets751€4k€3k▼
Other financial income752/9€49€50k▲
Financial charges65/66B€61k€72k▲
Recurring financial charges65€61k€72k▲
Debt charges650€61k€72k▲
Other financial charges652/9€135€722▲
Profit (loss) for the period before taxes9903€558k€363k▼
Income taxes67/77€139k€81k▼
Taxes670/3€139k€120k▼
Tax adjustments and reversals of tax provisions77-€39k
Profit (loss) for the period9904€419k€282k▼
Transfer from tax-exempt reserves789€96k€101k▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905€515k€383k▼
Appropriation of the result
Profit (loss) to be appropriated9906€515k€383k▼
Transfer from equity791/2-€115k
From reserves792-€115k
Transfer to equity691/2€515k€382k▼
To other reserves6921€515k€382k▼
Profit to be distributed694/7-€116k
Return on contributions (dividend)694-€116k
The notes to these accounts (45 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €419k ▲113%
Operating result €613k, net result €419k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.01
Current ratio from 0.45 to 1.01.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €1MEq €1.11M ▲15.7%
5 profitable years in a row build equity to €1.11M.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €500kEq €509k ▲16.1%
2 profitable years in a row build equity to €509k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
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, Harelbeke · 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.
Kervijnstraat 798531 HarelbekeGround area
1,587 m²
Building footprint
196 m²
Volume, LiDAR
1,096 m³
Parcel 34004A0372/00N002, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FOREEST
since 20172.260.853.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004A0372/00N002 | Flanders | 1,587 m² | 1 · 196 m² | 8.9 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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GLOPHARMA
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Of 24,641 companies in sector 64210 we hold annual accounts for 19,693. 11,038 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2016
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
01130Growing of vegetables, melons, roots and tubers
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.