Forestera
ActiveSummary
For Forestera, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€53,498) and a net result of -€56,395. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4456 sector peers (fiscal year 2023). The company has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-83
Solvency0▼-30
Growth22▼-16
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
-998.1%
Age of the figures
33 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-07-2024, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
24 d early
2022
46 d early
2021
30 d early
2020
44 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 5 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
€20,000▼ 33.3%
2021 · €30,000
EBIT margin
57.2%▲ 186.7pp
2021 · -129.5%
Net result
-€56,395
2022 · €11,430
Working capital
-€53,498
2022 · €2,897
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€30,000€20,000▼ 33.3%
Operating result-€855▼ 14.8%-€484▲ 43.4%-€38,851▼ 7,927%€11,430-€56,395
Net result-€855▼ 14.8%-€484within the sector's middle half▲ 43.4%-€38,851below the sector's middle half▼ 7,927%€11,430within the sector's middle half-€56,395below the sector's middle half
EBIT margin-129.5%57.2%▲ 186.7pp
Equity€30,802▼ 2.7%€30,318below the sector's middle half▼ 1.6%-€8,533below the sector's middle half€2,897below the sector's middle half-€53,498below the sector's middle half
Total assets€68,367=€68,367below the sector's middle half=€30,000below the sector's middle half▼ 56.1%€62,239below the sector's middle half▲ 107%€5,360below the sector's middle half▼ 91.4%
Debt€37,565▲ 2.3%€38,049▲ 1.3%€38,533▲ 1.3%€59,343▲ 54.0%€58,859▼ 0.8%
Working capital-€8,533within the sector's middle half€2,897within the sector's middle half-€53,498within the sector's middle half
Solvency45.1%▼ 1.2pp44.3%within the sector's middle half▼ 0.7pp-28.4%below the sector's middle half▼ 72.8pp4.7%below the sector's middle half▲ 33.1pp-998.1%below the sector's middle half▼ 1002.7pp
Current ratio0.78within the sector's middle half1.05within the sector's middle half▲ 0.270.09below the sector's middle half▼ 0.96
Return on assets (ROA)-1.3%▼ 0.2pp-0.7%below the sector's middle half▲ 0.5pp-129.5%below the sector's middle half▼ 128.8pp18.4%above the sector's middle half▲ 147.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €56,395 after €11,430 in 2022, the lowest result in the available series.
Key figures and ratios
Debt to equity
-1.10▼
2022 · 20.49
Debt ≤ 1 year
€58,859▼
2022 · €59,343
A ratio outside any meaningful range has been withheld (balance sheet total €5,360, equity -€53,498).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €30,000 | €20,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €484 | €8,570 | €56,395 | ▲ 558% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €68,367 | - | - | - |
| Gross operating margin9900 | -€855 | -€484 | €29,516 | €11,430 | -€56,395 | ▼ 593% |
| Operating profit (loss)9901 | -€855 | -€484 | -€38,851 | €11,430 | -€56,395 | ▼ 593% |
| Profit (loss) for the period before taxes9903 | -€855 | -€484 | -€38,851 | €11,430 | -€56,395 | ▼ 593% |
| Profit (loss) for the period9904 | -€855 | -€484 | -€38,851 | €11,430 | -€56,395 | ▼ 593% |
| Profit (loss) for the period to be appropriated9905 | -€855 | -€484 | -€38,851 | €11,430 | -€56,395 | ▼ 593% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,367 | €68,367 | €30,000 | €62,239 | €5,360 | ▼ 91.4% |
| Fixed assets21/28 | €68,367 | €68,367 | - | - | - | - |
| Financial fixed assets28 | €68,367 | €68,367 | €0 | - | - | - |
| Current assets29/58 | - | - | €30,000 | €62,239 | €5,360 | ▼ 91.4% |
| Amounts receivable within one year40/41 | - | - | €30,000 | €60,584 | €5,348 | ▼ 91.2% |
| Trade receivables40 | - | - | €30,000 | €60,584 | €5,348 | ▼ 91.2% |
| Cash at bank and in hand54/58 | - | - | - | €1,655 | €12 | ▼ 99.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,367 | €68,367 | €30,000 | €62,239 | €5,360 | ▼ 91.4% |
| Equity10/15 | €30,802 | €30,318 | -€8,533 | €2,897 | -€53,498 | ▼ 1,947% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | - | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | - | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€69,198 | -€69,682 | -€108,533 | -€97,103 | -€153,498 | ▼ 58.1% |
| Amounts payable17/49 | €37,565 | €38,049 | €38,533 | €59,343 | €58,859 | ▼ 0.8% |
| Amounts payable within one year42/48 | €37,565 | €38,049 | €38,533 | €59,343 | €58,859 | ▼ 0.8% |
| Financial debts43 | - | - | €37,565 | €48,359 | €58,859 | ▲ 21.7% |
| Other loans439 | - | - | €37,565 | €48,359 | €58,859 | ▲ 21.7% |
| Trade debts44 | - | €484 | €968 | €484 | - | - |
| Suppliers440/4 | - | - | €968 | €484 | - | - |
| Other amounts payable47/48 | - | - | - | €10,500 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€855 | -€484 | -€38,851 | €11,430 | -€56,395 | ▼ 593% |
| Operating cash flow (approximation) | -€855 | -€484 | -€38,851 | €11,430 | -€56,395 | ▼ 593% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | - | - | - | -€1,644 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€56,395
Net result drops to -€56,395, the lowest in the series.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €11,430
Net result €11,430 after 4 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
13-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 286 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
26-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Watermaal-Bosvoorde · 1 establishment unit since 1981
Ground area
877 m²
Building footprint
273 m²
Volume, LiDAR
2,208 m³
2 parcels, Brussels · tallest building 17.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Belgicalaan 37, 1080 Sint-Jans-Molenbeek
since 19812.019.495.854
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0011/00W008 | Brussels | 608 m² | 1 · 211 m² | 17.0 m · 3 fl. |
| 21652F0062/00C027 | Brussels | 269 m² | 1 · 62 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 10,961 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-09-1981
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.