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FORESTHEIR

Active
Foreign entityfounded 200719 yrs activeROUTE DE TREMBLAY 11, 93420 VILLEPINTE, FranceKBO/BCE: BE 0889.459.514
Summary

For the legal form of FORESTHEIR, Checked does not compute a bankruptcy probability. The 2024 annual accounts show equity of €90.5m and a net result of €13.0m. Equity remains stable across the filed fiscal years (±0.7% per year). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
77 / 100
Excellent▲ +23 vs 2023
Axes · tick = 2023
Profitability62▲+45
Solvency94▼-6
Growth58▲+26
Track record100
Credit verdict
Credit up to €2,000,000 at 30 days acceptable
Liquidity tight (current ratio 1.27; short-term debt: 31.3% and cash: 31.1% of total assets), and 31.3% of the assets are financed with debt.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-08-2025, 4 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
4 d late
2023
6 d early
2022
20 d early
2021
2 d late
2020
23 d early
2019
89 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

FORESTHEIR was incorporated on 15 May 2007.1 Total assets fell from EUR 150 million in 2018 to EUR 132 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13.0m
2023 · -€11.3m
Working capital
€11.0m▼ 78.7%
2023 · €51.4m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result-€803,241▼ 95.9%-€218,864▲ 72.8%-€174,306▲ 20.4%-€149,330▲ 14.3%-€371,358▼ 149%
Net result€2.8m▼ 26.3%-€114,085€39,006-€11.3m€13.0m
Equity€147.8m▲ 1.9%€147.7m▼ 0.1%€147.7m=€136.4m▼ 7.7%€90.5m▼ 33.7%
Total assets€178.5m▲ 17.0%€175.6m▼ 1.7%€172.8m▼ 1.6%€136.5m▼ 21.0%€131.6m▼ 3.6%
Debt€30.7m▲ 309%€27.9m▼ 9.2%€25.0m▼ 10.2%€60,137▼ 99.8%€41.2m▲ 68,362%
Working capital€92.9m▲ 38.4%€90.3m▼ 2.7%€87.6m▼ 3.1%€51.4m▼ 41.3%€11.0m▼ 78.7%
Result per fiscal year
Operating resultNet result
-€20.0m-€10.0m€0€10.0mOperating result 2020: -€803,241-€803,241Net result 2020: €2.8m€2.8mOperating result 2021: -€218,864-€218,864Net result 2021: -€114,085-€114,085Operating result 2022: -€174,306-€174,306Net result 2022: €39,006€39,006Operating result 2023: -€149,330-€149,330Net result 2023: -€11.3m-€11.3mOperating result 2024: -€371,358-€371,358Net result 2024: €13.0m€13.0m20202021202220232024-€20m-€10m€0€10mOperating result 2022: -€174,306-€174,000Net result 2022: €39,006€39,000Operating result 2023: -€149,330-€149,000Net result 2023: -€11.3m-€11mOperating result 2024: -€371,358-€371,000Net result 2024: €13.0m€13m202220232024
The operating result stays negative: a loss of €371,358 in 2024 against €149,330 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131.6m
Fixed assets €79.5m ▼ 6.5%
Current assets €52.1m ▲ 1.3%
Equity and liabilities €131.6m
Equity €90.5m ▼ 33.7%
Debt €41.2m ▲ 68,362%
Debt's share of the balance-sheet total rises from 0.0% to 31.3%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.27
Debt to equity
0.46▲
2023 · 0.00
ROE
14.4%▲
2023 · -8.3%
ROA
9.9%▲
2023 · -8.3%
Debt ≤ 1 year
€41.2m▲
2023 · €60,137
Income taxes
€318,050▲
2023 · €920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€136.5m€131.6m▼
Fixed assets21/28€85.0m€79.5m▼
Financial fixed assets28€85.0m€79.5m▼
Current assets29/58€51.5m€52.1m▲
Amounts receivable within one year40/41€24.1m€10.2m▼
Other amounts receivable41€24.1m€10.2m▼
Current investments50/53€26.4m€999,656▼
Cash at bank and in hand54/58€933,920€40.9m▲
Deferred charges and accrued income490/1€2,996€796▼
Equity and liabilities
Total equity and liabilities10/49€136.5m€131.6m▼
Equity10/15€136.4m€90.5m▼
Contributions10/11€127.2m€68.2m▼
Reserves13€1.1m€1.1m=
Non-distributable reserves130/1€1.1m€1.1m=
Reserves not available under the articles1311€1.1m€1.1m=
Profit (loss) carried forward14€8.1m€21.1m▲
Amounts payable17/49€60,137€41.2m▲
Amounts payable within one year42/48€60,137€41.2m▲
Trade debts44€60,137€41.2m▲
Suppliers440/4€60,137€41.2m▲
Income statement Code20232024
Other operating charges640/8€4,630€4,828▲
Gross operating margin9900-€144,700-€366,530▼
Operating profit (loss)9901-€149,330-€371,358▼
Financial income75/76B€793,221€16.0m▲
Recurring financial income75€793,221€16.0m▲
Financial charges65/66B€12.0m€2.3m▼
Recurring financial charges65€303,676€2.3m▲
Non-recurring financial charges66B€11.7m-
Profit (loss) for the period before taxes9903-€11.3m€13.3m▲
Income taxes67/77€920€318,050▲
Profit (loss) for the period9904-€11.3m€13.0m▲
Profit (loss) for the period to be appropriated9905-€11.3m€13.0m▲
Appropriation of the result
Profit (loss) to be appropriated9906€8.1m€21.1m▲
Profit (loss) brought forward from the previous period14P€19.4m€8.1m▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€4,188€4,236€4,630€4,828▲ 4.3%
Gross operating margin9900-€799,069-€214,676-€170,070-€144,700-€366,530▼ 153%
Operating profit (loss)9901-€803,241-€218,864-€174,306-€149,330-€371,358▼ 149%
Financial income75/76B-€803,971€890,674€793,221€16.0m▲ 1,913%
Recurring financial income75€3.7m€803,971€890,674€793,221€16.0m▲ 1,913%
Non-recurring financial income76B--€890,674---
Financial charges65/66B-€782,120€676,530€12.0m€2.3m▼ 81.2%
Recurring financial charges65€173,814€782,120€676,530€303,676€2.3m▲ 642%
Non-recurring financial charges66B---€11.7m--
Profit (loss) for the period before taxes9903€2.7m-€197,013€39,839-€11.3m€13.3m▲ 218%
Income taxes67/77-€68,662-€82,929€832€920€318,050▲ 34,467%
Profit (loss) for the period9904€2.8m-€114,085€39,006-€11.3m€13.0m▲ 215%
Profit (loss) for the period to be appropriated9905€2.8m-€114,085€39,006-€11.3m€13.0m▲ 215%
Line20202021202220232024Change
Assets
Total assets20/58€178.5m€175.6m€172.8m€136.5m€131.6m▼ 3.6%
Fixed assets21/28€85.3m€85.2m€85.2m€85.0m€79.5m▼ 6.5%
Financial fixed assets28€85.3m€85.2m€85.2m€85.0m€79.5m▼ 6.5%
Current assets29/58€93.2m€90.4m€87.6m€51.5m€52.1m▲ 1.3%
Amounts receivable after more than one year29-€34.4m€34.5m---
Other amounts receivable291-€34.4m€34.5m---
Amounts receivable within one year40/41€34.4m€35.6m€35.1m€24.1m€10.2m▼ 57.5%
Trade receivables40-€148,063€221,409---
Other amounts receivable41-€35.5m€34.9m€24.1m€10.2m▼ 57.5%
Current investments50/53€13.7m€13.7m€13.7m€26.4m€999,656▼ 96.2%
Cash at bank and in hand54/58€10.6m€6.6m€4.3m€933,920€40.9m▲ 4,277%
Deferred charges and accrued income490/1-€497€497€2,996€796▼ 73.4%
Equity and liabilities
Total equity and liabilities10/49€178.5m€175.6m€172.8m€136.5m€131.6m▼ 3.6%
Equity10/15€147.8m€147.7m€147.7m€136.4m€90.5m▼ 33.7%
Contributions10/11-€127.2m€127.2m€127.2m€68.2m▼ 46.4%
Reserves13€1.1m€1.1m€1.1m€1.1m€1.1m=
Non-distributable reserves130/1-€1.1m€1.1m€1.1m€1.1m=
Reserves not available under the articles1311-€1.1m€1.1m€1.1m€1.1m=
Profit (loss) carried forward14€19.5m€19.4m€19.4m€8.1m€21.1m▲ 161%
Amounts payable17/49€30.7m€27.9m€25.0m€60,137€41.2m▲ 68,362%
Amounts payable after more than one year17€30.3m€27.8m€25.0m---
Financial debts170/4-€27.8m€25.0m---
Amounts payable within one year42/48€339,572€65,794€39,781€60,137€41.2m▲ 68,362%
Trade debts44€339,572€65,794€39,781€60,137€41.2m▲ 68,362%
Suppliers440/4-€65,794€39,781€60,137€41.2m▲ 68,362%
Accrued charges and deferred income492/3-€15,625----
Line20202021202220232024Change
Profit (loss) for the period9904€2.8m-€114,085€39,006-€11.3m€13.0m▲ 215%
Operating cash flow (approximation)€2.8m-€114,085€39,006-€11.3m€13.0m▲ 215%
Investment in fixed assets (approximation)-€148,805€0€180,536€5.5m▲ 2,949%
Change in cash--€4.0m-€2.3m-€3.3m€39.9m▲ 1,293%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
04-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 4 days late
2024
31-12
Financial Back to profitnet €13.0m
Net result €13.0m after one loss-making year.
25-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Weakest financial yearnet -€11.3m
Net result drops to -€11.3m, the lowest in the series; recovery starts the following year.
11-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Back to profitnet €39,006
Net result €39,006 after one loss-making year.
02-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
31-12
Financial Liquidity times 5current ratio 1374.02
Current ratio from 274.47 to 1374.02; short-term debt falls from €339,572 to €65,794.
08-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
28-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
18-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
27-07
NBB filing Annual accounts filed
fiscal year 2015 · 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, VILLEPINTE · 1 establishment unit since 2007
establishment The establishment unit on the map
Cannot be placed on the map

The registered office is abroad (France). The address register our map runs on (BOSA BEST) covers Belgian addresses only.

ROUTE DE TREMBLAY 1193420 VILLEPINTEFrance
Ground area
3,732 m²
Building footprint
955 m²
Volume, LiDAR
24,030 m³
Parcel 21652E0053/00H003, Brussels · tallest building 29.5 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
FORESTHEIR
NACE 7415102
since 20072.162.904.020
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0053/00H003 Brussels 3,732 m² 1 · 955 m² 29.5 m · 8 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

5 holdings · 3 subsidiaries in the tree

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 5

All subsidiaries, including indirect ones 3

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

  • FOREST ACTIFFR 100%
  • FORESTFI 100%1 subsidiary
    • GROUPE PETIT FORESTIERFR 64.79%

According to the 2024 annual accounts of FORESTHEIR and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

9845001X7CC6F8557E10
no longer live in the LEI register

Identification & contact

Identification
Legal formForeign entity
Founded15-05-2007
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.