ForestForward
ActiveSummary
ForestForward has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €353,946 and a net result of €112,065. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 72% of 2,559 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-04-1987 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.031.739.234 8000 Brugge, since 15-05-1987
- Financial year end
- 31 December
- Peppol
- Reachable since 24-04-2026
Board and ownership
- BV WeForwardDirector · permanent representative Frank Missoul
- LANDMAX99.46%· score 942021 annual accounts of LANDMAX
- WeForward60.22%· score 912025 annual accounts of WeForward
- UE HOLDING39.78%· score 952025 annual accounts of UE HOLDING
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €151,224
- ▼ 44.3%
- Turnover
- ≈ €310,000
- estimated
- Profit
- €112,065
- ▼ 31.1%
- Equity
- €353,946
- ▲ 18.8%
- Total assets
- €529,033
- ▼ 2.2%
- Employees on 31-12-2025
- 1
- ▼ 50.0%
Score breakdownlowers riskLiquidity: current ratio 3.02, cash €135,113Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Founded in 1987Equity €353,946 (66.9% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 71, micro). It does better than 65% of them on solvency, 55% on liquidity, 71% on profitability and 66% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 58 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 32 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 48% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 2 | 1 |
| full-time | 1 | 0 | 0 | 0 |
| part-time | - | 2 | 2 | 1 |
| in full-time equivalents | 1 | 1.1 | 1.1 | 0.8 |
| Average over the year, in full-time equivalents | 1 | 1.6 | 1.1 | 0.8 |
| On a permanent contract | 1 | 2 | 2 | 1 |
| Joined | 1 | 1 | - | 0 |
| Left | 0 | 1 | - | 1 |
| Training hours | - | 4 | 4 | 3 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €879 | - | - |
| Depreciation and write-downs of the year | - | - | €169 | €220 | €220 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €9,935 | €54,265 | €53,282 | €37,783 | ▼ 29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,436 | €11,596 | €6,048 | - | - | €169 | €220 | €220 | = |
| Other operating charges640/8 | - | - | - | €552 | €495 | €584 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €38,241 | €5,945 | €8,077 | €5,789 | €109,697 | €235,903 | €271,504 | €151,224 | ▼ 44.3% |
| Operating profit (loss)9901 | €5,875 | -€6,582 | €97 | €5,237 | €99,268 | €180,884 | €217,489 | €112,694 | ▼ 48.2% |
| Financial income75/76B | - | - | - | €20 | - | €0 | €9,657 | €27,799 | ▲ 188% |
| Recurring financial income75 | €111 | €63 | €1 | €20 | - | €0 | €9,657 | €27,799 | ▲ 188% |
| Financial charges65/66B | - | - | - | €2,885 | €2,835 | €1,115 | €9,803 | €709 | ▼ 92.8% |
| Recurring financial charges65 | €483 | €752 | €1,142 | €2,885 | €2,835 | €1,115 | €9,803 | €709 | ▼ 92.8% |
| Profit (loss) for the period before taxes9903 | €5,504 | -€7,272 | -€1,045 | €2,372 | €96,433 | €179,769 | €217,343 | €139,784 | ▼ 35.7% |
| Income taxes67/77 | €68 | €215 | - | - | €16,230 | €45,613 | €54,793 | €27,719 | ▼ 49.4% |
| Profit (loss) for the period9904 | €5,436 | -€7,487 | -€1,045 | €2,372 | €80,203 | €134,156 | €162,550 | €112,065 | ▼ 31.1% |
| Profit (loss) for the period to be appropriated9905 | €5,436 | -€7,487 | -€1,045 | €2,372 | €80,203 | €134,156 | €162,550 | €112,065 | ▼ 31.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €120,231 | €50,223 | €15,938 | €137,827 | €229,108 | €818,352 | €540,920 | €529,033 | ▼ 2.2% |
| Fixed assets21/28 | €21,274 | €9,678 | - | - | - | €710 | €491 | €271 | ▼ 44.8% |
| Intangible fixed assets21 | €13,125 | €5,625 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €8,149 | €4,053 | - | - | - | €710 | €491 | €271 | ▼ 44.8% |
| Furniture and vehicles24 | - | - | - | - | - | €710 | €491 | €271 | ▼ 44.8% |
| Current assets29/58 | €98,957 | €40,546 | €15,938 | €137,827 | €229,108 | €817,642 | €540,430 | €528,762 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €80,168 | €27,788 | €4,840 | €66,257 | €86,445 | €124,897 | €119,634 | €81,087 | ▼ 32.2% |
| Trade receivables40 | - | - | - | €66,257 | €82,676 | €121,128 | €119,634 | €71,765 | ▼ 40.0% |
| Other amounts receivable41 | - | - | - | - | €3,770 | €3,770 | €0 | €9,322 | - |
| Current investments50/53 | - | - | - | - | - | - | €251,992 | €312,443 | ▲ 24.0% |
| Cash at bank and in hand54/58 | €18,597 | €12,562 | €10,853 | €71,416 | €141,864 | €690,772 | €168,736 | €135,113 | ▼ 19.9% |
| Deferred charges and accrued income490/1 | - | - | - | €153 | €799 | €1,972 | €69 | €119 | ▲ 72.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €120,231 | €50,223 | €15,938 | €137,827 | €229,108 | €818,352 | €540,920 | €529,033 | ▼ 2.2% |
| Equity10/15 | €14,736 | €7,250 | €6,205 | €20,972 | €101,174 | €235,331 | €297,881 | €353,946 | ▲ 18.8% |
| Contributions10/11 | €6,205 | €6,205 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €8,531 | €1,860 | - | €2,372 | €82,574 | €216,731 | €279,281 | €335,346 | ▲ 20.1% |
| Distributable reserves133 | - | - | - | €2,372 | €82,574 | €216,731 | €279,281 | €335,346 | ▲ 20.1% |
| Profit (loss) carried forward14 | - | -€815 | - | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €105,494 | €42,974 | €9,733 | €116,855 | €127,934 | €583,021 | €243,039 | €175,087 | ▼ 28.0% |
| Amounts payable after more than one year17 | €4,706 | €1,391 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €100,779 | €41,546 | €9,733 | €78,528 | €125,661 | €540,961 | €242,943 | €175,087 | ▼ 27.9% |
| Trade debts44 | €19,556 | €1,973 | €4,720 | €21,157 | €54,546 | €471,054 | €81,668 | €84,298 | ▲ 3.2% |
| Suppliers440/4 | - | - | - | €21,157 | €54,546 | €471,054 | €81,668 | €84,298 | ▲ 3.2% |
| Taxes, remuneration and social security45 | - | - | - | €991 | €14,735 | €69,907 | €61,274 | €34,789 | ▼ 43.2% |
| Taxes450/3 | - | - | - | €991 | €13,478 | €63,435 | €54,966 | €30,343 | ▼ 44.8% |
| Remuneration and social security454/9 | - | - | - | - | €1,257 | €6,472 | €6,308 | €4,446 | ▼ 29.5% |
| Other amounts payable47/48 | - | - | - | €56,380 | €56,380 | €0 | €100,000 | €56,000 | ▼ 44.0% |
| Accrued charges and deferred income492/3 | - | - | - | €38,327 | €2,273 | €42,061 | €96 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,436 | -€7,487 | -€1,045 | €2,372 | €80,203 | €134,156 | €162,550 | €112,065 | ▼ 31.1% |
| + Depreciation and write-downs630 | €12,436 | €11,596 | €6,048 | - | - | €169 | €220 | €220 | = |
| Operating cash flow (approximation) | €17,872 | €4,110 | €5,003 | €2,372 | €80,203 | €134,325 | €162,770 | €112,285 | ▼ 31.0% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | €0 | €0 | - |
| Change in cash | - | -€6,035 | -€1,709 | €60,563 | €70,448 | €548,908 | -€522,037 | -€33,622 | ▲ 93.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as ForestForward has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ForestForward itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for ForestForward. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00175923 | |
| 31-12-2024 | abbreviated format | 09-05-2025 | 2025-00092240 | |
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00139836 | |
| 31-12-2022 | abbreviated format | 08-06-2023 | 2023-00115997 | |
| 31-12-2021 | abbreviated format | 18-05-2022 | 2022-20030608 | |
| 31-12-2020 | abbreviated format | 12-05-2021 | 2021-13900323 | |
| 31-12-2019 | abbreviated format | 01-07-2020 | 2020-23500102 | |
| 31-12-2018 | abbreviated format | 10-05-2019 | 2019-12700172 | |
| 31-12-2017 | abbreviated format | 04-06-2018 | 2018-14900548 | |
| 30-09-2016 | abbreviated format | 27-01-2017 | 2017-02200392 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
3 ownersChain of control
- ENBLOC
- UE HOLDING
- LANDMAX
- ForestForward
Owners 3
- LANDMAXparentSourceaccounts LANDMAX 2021Equity €376,856 Profit of €131,641 in 2025 (profit of €101,356 in 2024) Checked score 9499.46%
- WeForwardparentSourceaccounts WeForward 2025Equity €45,618 Profit of €151,811 in 2025 (profit of €170,807 in 2024) Checked score 9160.22%
- Sourceaccounts UE HOLDING 2025Equity €18.5m Profit of €1.7m in 2025 (profit of €1.4m in 2024) Checked score 9539.78%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BV WeForward |
|
| BV Oaksberg |
|
| Frank Missoul |
|
| BVAgr-ID |
|
Network & group
Companies at the same address
6 other companies- HOMIQ Registered office · since 2025 1020314690
- Story Fwd Registered office · since 2025 1018566514
- WeForward Registered office · since 2024 1004644044
- BELGA-MEAT Branch · since 2018 0702872391
- Feys, Nadia (sole trader) Establishment · since 2013 0536864217
- De Pauw, Annick (sole trader) Establishment · since 1985 0812466258
Connections & network
1 current directorThe network starts from the directors of ForestForward. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
30-04
Gazette deed
Resignations: BV Oaksberg (director) and Frank Missoul (director)Permanent representatives: Dajo Hermans and Frank Missoul · Appointment: BV WeForward (director) · Director discharge8 points ▸
- General meeting, 29-01-2024
- Director resignation, BV Oaksberg (director (not named in the articles))
- Director discharge, BV Oaksberg (director (not named in the articles))
- Permanent representative, Dajo Hermans
- Director resignation, Frank Missoul (director (not named in the articles))
- Director discharge, Frank Missoul (director (not named in the articles))
- Director appointment, BV WeForward (director (not named in the articles))
- Permanent representative, Frank Missoul
16-09
Gazette deed
Resignation: BVAgr-ID (director)Permanent representatives: DirkCOUCKE and DajoHERMANS · Registered-office move9 points ▸
- General meeting, 01-08-2022
- Director resignation, BVAgr-ID (director)
- Permanent representative, DirkCOUCKE (vastevertegenwoordiger)
- Other provision, 01-08-2022
- Board composition, BVOaksberg (director)
- Board composition, FrankMISSOUL (director)
- Permanent representative, DajoHERMANS (vastevertegenwoordiger)
- Board meeting, 01-08-2022
- Registered-office move, 8000Brugge,Kruisvest5B
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 3582 Beringen until 01-08-2022 · act of 16-09-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31005A0216/00E000 ProtectedCultural-historical landscape · Townscape or village viewBrugse geplantsoeneerde stadsomwallingSource ↗ |
Flanders | 151 m² | 1 · 151 m² | 10.3 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.