Forest 3

Active

Public limited companyfounded 2020active for 5 yearsKoningsstraat 52, 1000 Brussel, Belgium48 active companies are registered at this addressKBO/BCE: BE 0759.802.384

Summary

Forest 3 has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28.5m and a net result of €809,005, of which €662,205 non-recurring income. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 89% of 5,767 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

Forest 3ActiveChecked score 93/100

Risk analysis Report Compare

Activity

Renting and operating of own or leased non-residential real estate, excluding land

NACE 68203

1 site

Size

€1.4mturnover 2025

Equity: €28.5m
Profit: €809,005

Financial health

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: Swiss Life BelCo · 100%

Auditor: PwC Réviseurs d'Entreprises SRL2025 accounts 8 days early3 of 6 deeds summarised

Why 93raises risk1 change of registered office in 24 monthsLiquidity: current ratio 2.55, cash €1.1mlowers riskSector: Real estate activities (NACE 68)Size: turnover €1.4m, total assets €30.8mShow the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 78% of its sector peers (NACE 68, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100=

equity 92.5% of total assets

Liquidity 54+2

short-term debt 1.9% · cash 3.4%

Profitability 81+71

return on assets 2.6%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,719 companies, NACE 68, medium-sized)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.2%▲ +0.1 percentage points vs 09-2026highest value

Credit of up to €140,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.55, compared with 2.01 in 2024, above the usual 1.5; short-term debt: 1.9% and cash: 3.4% of total assets), and 7.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized): better than 92% on solvency, 81% on liquidity, 93% on profitability and 46% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Sector: Real estate activities (NACE 68)

KBO

Liquidity: current ratio 2.55, cash €1.1m

NBB · annual accounts

Size: turnover €1.4m, total assets €30.8m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

8 days early

2024

43 days early

2023

34 days early

2022

43 days early

2021

58 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 37 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

28-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

11-09-2026 Reappointments: Baudouin Demeure, Valentin Audrit and…Permanent representative: Isabelle COMPERE ·…
23-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Back to profitnet €809,005

Key points

Positive: Back in profit in 2025after -€865,774 in 2024 €809,005 View
Positive: Among the best 6% on equitysector median €946,069 · 5,768 companies €28.5m View
Controlled by Swiss Life BelCoultimately: SWISSLIFE ASSURANCE ET PATRIMOINE 100% View
Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year: 2025
Turnover: €1.4m
Profit: €809,005
Solvency: 92.5%

Turnover▼ 0.1%

Net result

20212025

Go to Financials

Board & ownership

Board: 3 members
Parent: Swiss Life BelCo · 100%
Auditor: PwC Réviseurs d'Entreprises SRL

Valentin AUDRITDirector
Baudouin DemeureDirector
Thomas BiliaudDirector

Go to Board & ownership

Network & group

Group: SWISSLIFE ASSURANCE ET PATRIMOINE
Connected companies: 9

Go to Network & group

Timeline

Events: 11
Since: 2022
Next accounts: by 31-07-2027

18-06-2025Annual accounts filed
26-08-2024Reappointment: SRL PwC Reviseurs d'Entreprises (reviseurs d'entreprises)
26-08-2024Reappointment: PwC Reviseurs d'Entreprises (commissaire aux comptes)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Renting and operating of own or leased non-residential…NACE 68203
Founded: 15-12-2020
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Forest 3

What is the company number of Forest 3?: 0759.802.384. In Belgium the VAT number is the company number with BE in front: BE 0759.802.384.
Where is Forest 3 based?: The registered office is at Koningsstraat 52, 1000 Brussel.Company details
What does Forest 3 do?: According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of Forest 3?: Public limited company (NV).
When was Forest 3 founded?: On 15-12-2020.
Is Forest 3 still active?: Yes, Forest 3 is an active enterprise in the KBO register.
What is the turnover of Forest 3?: €1.4m in financial year 2025, according to the filed annual accounts.Financials
Is Forest 3 profitable?: In financial year 2025, Forest 3 made a profit of €809,005.
Where can I find the annual accounts of Forest 3?: Forest 3 filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Forest 3 due?: By 31-07-2027, for financial year 2026.Timeline