Financials
- Fiscal year
- 2024
- Turnover
- €368,956
- Profit
- €209,146
- Solvency
- 66.0%
Turnover=
Net result
20182024
Forest Estate
ActiveSummary
The computed 12-month bankruptcy probability of Forest Estate is 2.2% (moderate). The 2024 annual accounts show equity of €1.3m and a net result of €209,146. Equity is shrinking by ~5.5% per year across the filed fiscal years. The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
Size
€368,956turnover 2024
- Equity
- €1.3m
- Profit
- €209,146
Structure
Accounts 66 d overdue0 of 18 deeds read
Why 54- Figures for FY 2024 (filed 20-05-2025)- Liquidity: current ratio 1.28, cash €0+ Sector Real estate activities (NACE 68)+ Equity €1.3m (66.0% of total assets)Show the evidence
Checked score
Score 2024
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 59% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Strong
Solvency
91-9
equity 66.0% of total assets
Liquidity
38-49
short-term debt 29.0% · cash 0.0%
Profitability
88-2
return on assets 10.9%
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● 0.0% vs 11-2024
01-2025: 0.4%● 0.0% vs 12-2024
02-2025: 0.4%● 0.0% vs 01-2025
03-2025: 0.5%▲ +8.8% vs 02-2025
04-2025: 0.5%▲ +7.9% vs 03-2025
05-2025: 0.5%● 0.0% vs 04-2025
06-2025: 0.4%▼ -23.8% vs 05-2025lowest value
07-2025: 0.4%● 0.0% vs 06-2025lowest value
08-2025: 0.4%● 0.0% vs 07-2025lowest value
09-2025: 0.4%● 0.0% vs 08-2025lowest value
10-2025: 0.4%● 0.0% vs 09-2025lowest value
11-2025: 0.4%● 0.0% vs 10-2025lowest value
12-2025: 0.4%● 0.0% vs 11-2025lowest value
01-2026: 0.4%● 0.0% vs 12-2025lowest value
02-2026: 0.4%● 0.0% vs 01-2026lowest value
03-2026: 0.4%▲ +9.0% vs 02-2026
04-2026: 0.5%▲ +8.1% vs 03-2026
05-2026: 0.5%▲ +3.0% vs 04-2026
06-2026: 0.5%▲ +1.2% vs 05-2026
07-2026: 0.5%▲ +0.6% vs 06-2026
08-2026: 1.1%▲ +126% vs 07-2026
09-2026: 1.4%▲ +25.0% vs 08-2026
10-2026: 2.2%▲ +55.9% vs 09-2026highest value
- Figures for FY 2024 (filed 20-05-2025) raises the probability
- Liquidity: current ratio 1.28, cash €0 raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
- Equity €1.3m (66.0% of total assets) lowers the probability
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.25 in 2023; short-term debt: 29% and cash: 0% of total assets), and 34% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 75%, liquidity 31%, profitability 85%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
77 d early
2022
61 d early
2021
68 d early
2020
86 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · unclassified…
- Annual accounts filedfiscal year 2023 · unclassified…
- Highest result since 2018net €211,695 ▲50.6%
Key points
By topic
Timeline
- Events
- 12
- Since
- 2015
- 15-05-2025Annual accounts filed
- 15-05-2024Annual accounts filed
- 31-12-2023Highest result since 2018
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Buying and selling of own real estateNACE 68110
- Founded
- 31-03-2000
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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