Summary
Conclusion
the dossier summarised in one paragraphFor the legal form of FORESTFI, Checked does not compute a bankruptcy probability. The 2024 annual accounts show equity of €461.95M and a net result of €1.68M. Equity is growing by ~9.8% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Signals
2 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 04-08-2025 | 4 d late | 2025-00356799 |
| 31-12-2023 | 31-07-2024 | 02-08-2024 | 2 d late | 2024-00322584 |
| 31-12-2022 | 31-07-2023 | 24-07-2023 | 7 d early | 2023-00268007 |
| 31-12-2021 | 31-07-2022 | 02-08-2022 | 2 d late | 2022-20261101 |
| 31-12-2020 | 31-07-2021 | 19-08-2021 | 19 d late | 2021-50300143 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneFor this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.
Financials
Annual accounts & ratios
Source: NBB · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 8 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-202k |
| Net profit | €1.68M |
| Cash flow | €1.74M |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €655.31M |
| Equity | €461.95M |
| Debt | €193.36M |
| of which ≤ 1y | €18k |
| of which > 1y | €191.74M |
| Working capital | €23.07M |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 1292.15 |
| Quick ratio | 1292.15 |
| Working capital ratio | 3.5% |
| Solvency | 70.5% |
| Debt / equity | 0.42 |
| Long-term debt ratio | 0.42 |
| Interest coverage | -0.03 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.3% |
| ROE | 0.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €655.31M |
| Fixed assets | 21/28 | €632.22M |
| Intangible fixed assets | 21 | €83k |
| Financial fixed assets | 28 | €632.14M |
| Current assets | 29/58 | €23.09M |
| Amounts receivable within one year | 40/41 | €17.01M |
| Investments | 50/53 | €6.00M |
| Cash & bank | 54/58 | €77k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €655.31M |
| Equity | 10/15 | €461.95M |
| Contributions / capital | 10/11 | €460.64M |
| Reserves | 13 | €66k |
| Accumulated profits (losses) | 14 | €1.24M |
| Amounts payable | 17/49 | €193.36M |
| Amounts payable after one year | 17 | €191.74M |
| Amounts payable within one year | 42/48 | €18k |
| Trade debts payable within one year | 44 | €18k |
| Income statement | ||
| Gross operating margin | 9900 | €-201k |
| Operating result | 9901 | €-267k |
| Financial income | 75 | €9.83M |
| Financial charges | 65 | €7.89M |
| Result before taxes | 9903 | €1.68M |
| Net result for the period | 9904 | €1.68M |
| Result to be appropriated | 9905 | €1.68M |
Health barometer
FY 2024 · computedThe full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Directors
Directors & mandates
4 directors-
Current03-12-2025 → present
4 events
- 03-12-2025 Resigned· Director
- 03-12-2025 Appointed· Manager
- 28-04-2021 Appointed· Director
- 28-04-2021 Appointed· Managing director
Former directors (3)
-
Former- → 03-12-2025
-
Former28-04-2021 → 03-12-2025
2 events
- 03-12-2025 Resigned· Director
- 28-04-2021 Appointed· Director
-
Former28-04-2021 → 03-12-2025
2 events
- 03-12-2025 Resigned· Director
- 28-04-2021 Appointed· Director
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| FORESTIER LéonardCurrent Statutory auditor |
- | 03-12-2025 → present |
| Révision Gestion AuditCurrent Statutory auditor · represented by Laurent El Ghouzzi |
- | 03-12-2025 → present |
Insolvency mandates
Legal Structure
| NACE primary | - |
| Legal form | Foreign entity(030) |
| Incorporation | 13-11-2020 |
| Status | Active |
| Postal code | 93420 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankThe registered office is abroad (France). The address register our map runs on (BOSA BEST) covers Belgian addresses only.
ROUTE DE TREMBLAY 1193420 VILLEPINTEFranceEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
8 acts03-12-2025 Capital increase of €342,036,053.73 to €342,036,053.73
03-06-2025 Publication in the Belgian Official Gazette, Miscellaneous
25-02-2025 Articles of association amended
31-07-2023 Articles of association amended
10-05-2023 Capital increase of €28,532,009.83 to €439,169,934.37
- €410.637.924,54 → €439.169.934,37
- 2 kapitaalbewegingen in deze akte
22-12-2021 Capital increase of €295,536,841.10 to €410,637,924.54
28-04-2021 4 directors appointed
- Léonard FORESTIER, Bestuurder
- Matthieu LECLERCQ, Bestuurder
- Jean-Claude FORESTIER, Bestuurder
- Léonard FORESTIER, Gedelegeerd bestuurder
17-11-2020 Incorporation of a new SNC
Analysis
Financial profile
5 of 5 axes measuredStrong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameFR | FORESTFI |