FOREST AVENUE GROUP
ActiveFOREST AVENUE GROUP has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €14k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 542 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-6
Solvency85▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 0.91 in 2024; short-term debt: 40.5% of total assets), and 40.5% 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 · 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
59.5%
Return on assets
8.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
61 d late
2023
34 d early
2022
31 d late
2021
24 d late
2020
30 d early
2019
38 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€104k▲ 13.7%
2024 · €92k
2018: €49k
2019: €57k
2020: €67k
2021: €77k
2022: €75k
2023: €74k
2024: €92k
2018 → 2025
Total assets
€175k▲ 3.3%
2024 · €170k
2018: €122k
2019: €141k
2020: €157k
2021: €168k
2022: €180k
2023: €176k
2024: €170k
2018 → 2025
Net result
€14k▼ 22.3%
2024 · €18k
2018: €10k
2019: €8k
2020: €10k
2021: €10k
2022: €-2k
2023: €-2k
2024: €18k
2018 → 2025
Working capital
€5k
2024 · €-7k
2018: €-50k
2019: €-42k
2020: €-32k
2021: €-22k
2022: €-24k
2023: €-25k
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€75k▼ 2.8%€74k▼ 2.0%€92k▲ 24.9%€104k▲ 13.7%
Operating result€13k-€1k▼ 88.9%€3k▲ 86.5%€32k▲ 1,054%€26k▼ 17.7%
Net result€10k-€-2k€-2k▲ 30.8%€18k€14k▼ 22.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €175k
Fixed assets
€99k=
Current assets
€76k▲ 7.8%
Equity and liabilities €175k
Equity
€104k▲ 13.7%
Debt
€71k▼ 9.0%
The debt ratio falls from 45.9% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
59.5%▲
2024 · 54.1%
Current ratio
1.08▲
2024 · 0.91
Quick ratio
1.08▲
2024 · 0.91
Debt / equity
0.68▼
2024 · 0.85
ROE
13.6%▼
2024 · 20.0%
ROA
8.1%▼
2024 · 10.8%
Debt
€71k▼
2024 · €78k
Debt ≤ 1 year
€71k▼
2024 · €78k
Income taxes
€10k▼
2024 · €11k
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€170k€175k▲
Fixed assets21/28€99k€99k=
Financial fixed assets28€99k€99k=
Current assets29/58€71k€76k▲
Amounts receivable within one year40/41€69k€75k▲
Trade receivables40€69k€75k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€170k€175k▲
Equity10/15€92k€104k▲
Contributions10/11€7k€7k=
Reserves13€85k€98k▲
Distributable reserves133€85k€98k▲
Amounts payable17/49€78k€71k▼
Amounts payable within one year42/48€78k€71k▼
Financial debts43€13k€19k▲
Credit institutions430/8€13k€19k▲
Trade debts44€9k€19k▲
Suppliers440/4€9k€19k▲
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€14k€21k▲
Other amounts payable47/48€42k€12k▼
Income statement
Code20242025
Other operating charges640/8€940€615▼
Gross operating margin9900€33k€27k▼
Operating profit (loss)9901€32k€26k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€29k€24k▼
Income taxes67/77€11k€10k▼
Profit (loss) for the period9904€18k€14k▼
Profit (loss) for the period to be appropriated9905€18k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€14k▼
Transfer from equity791/2-€2k
Transfer to equity691/2€18k€14k▼
To other reserves6921€18k€14k▼
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (2 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €104k ▲13.7%
2 profitable years in a row build equity to €104k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-2k ▼122%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
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
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
04-03-2024
HERMANS Albert: Resigned as Director
04-03-2024
R.V.L. CONSULTING: Resigned as Director
04-03-2024
VE Supporting: Resigned as Director
04-03-2024
VEREECKE Joke: Resigned as Director
19-06-2017
HERMANS Albert Achiel Gabriel: Resigned as Manager
19-06-2017
VEREECKE Joke Marie Germaine Magda: Resigned as Manager
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 2002
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.
Vlamingstraat 278560 WevelgemGround area
4,602 m²
Building footprint
2,582 m²
Volume, LiDAR
19,161 m³
Parcel 34041C0886/00K000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vlamingstraat 27, 8560 Wevelgem
since 20022.095.656.591
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0886/00K000 | Flanders | 4,602 m² | 1 · 2,582 m² | 12.0 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 4,125 EUR awarded · 2,460 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,665 EUR | 1,515 EUR |
| 2024 | 1 | 2,460 EUR | 945 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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FINIPAN
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FORONEX
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Of 105 companies in sector 16210 we hold annual accounts for 75. 42 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2002
Fiscal year end31-12
Abbreviation NL
FA GROUP
Activities, NACEBEL
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
47522Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.