FORET IMMO
ActiveSummary
FORET IMMO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €813k and a net result of €54k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74=
Solvency87▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.75 against 1.04 in 2024; short-term debt: 13.5% and cash: 10% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.9%
Return on assets
4.1%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
36 d early
2023
42 d early
2022
41 d early
2021
40 d early
2020
37 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€54k▼ 5.3%
2024 · €57k
Working capital
€-45k
2024 · €7k
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
Line20212022202320242025
Operating result€119k▼ 0.5%€126k▲ 5.4%€122k▼ 2.9%€111k▼ 8.8%€102k▼ 8.8%
Net result€54k▲ 5.0%€62k▲ 13.6%€62k▲ 1.0%€57k▼ 8.1%€54k▼ 5.3%
Equity€669k▲ 8.9%€731k▲ 9.2%€793k▲ 8.5%€805k▲ 1.6%€813k▲ 1.0%
Total assets€1.63M▼ 3.4%€1.58M▼ 3.3%€1.52M▼ 3.5%€1.44M▼ 5.3%€1.31M▼ 8.8%
Debt€963k▼ 10.5%€847k▼ 12.1%€728k▼ 14.0%€635k▼ 12.8%€500k▼ 21.2%
Working capital€6k€27k▲ 336%€43k▲ 62.8%€7k▼ 83.3%€-45k
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 9% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.31M
Fixed assets
€1.18M ▼ 5.4%
Current assets
€133k ▼ 30.8%
Equity and liabilities €1.31M
Equity
€813k ▲ 1.0%
Debt
€500k ▼ 21.2%
Debt's share of the balance-sheet total falls from 44.1% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€178k▼
2024 · €187k
Cash flow
€131k▼
2024 · €133k
Current ratio
0.75▼
2024 · 1.04
Debt to equity
0.62▼
2024 · 0.79
ROE
6.7%▼
2024 · 7.1%
ROA
4.1%▲
2024 · 4.0%
Interest coverage
8.11▲
2024 · 6.93
Debt ≤ 1 year
€177k▼
2024 · €185k
Debt > 1 year
€323k▼
2024 · €451k
Income taxes
€25k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82k | €77k | €76k | €76k | €76k | ▲ 0.8% |
| Other operating charges640/8 | €31k | €31k | €34k | €36k | €37k | ▲ 3.1% |
| Non-recurring operating charges66A | €1k | - | - | - | - | - |
| Gross operating margin9900 | €234k | €234k | €232k | €223k | €215k | ▼ 3.7% |
| Operating profit (loss)9901 | €119k | €126k | €122k | €111k | €102k | ▼ 8.8% |
| Financial charges65/66B | €41k | €37k | €32k | €27k | €22k | ▼ 18.7% |
| Recurring financial charges65 | €41k | €37k | €32k | €27k | €22k | ▼ 18.7% |
| Profit (loss) for the period before taxes9903 | €78k | €89k | €90k | €84k | €80k | ▼ 5.6% |
| Income taxes67/77 | €23k | €27k | €28k | €27k | €25k | ▼ 6.4% |
| Profit (loss) for the period9904 | €54k | €62k | €62k | €57k | €54k | ▼ 5.3% |
| Profit (loss) for the period to be appropriated9905 | €54k | €62k | €62k | €57k | €54k | ▼ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.63M | €1.58M | €1.52M | €1.44M | €1.31M | ▼ 8.8% |
| Fixed assets21/28 | €1.48M | €1.40M | €1.32M | €1.25M | €1.18M | ▼ 5.4% |
| Tangible fixed assets22/27 | €1.48M | €1.40M | €1.32M | €1.25M | €1.18M | ▼ 5.4% |
| Land and buildings22 | €1.38M | €1.30M | €1.32M | €1.25M | €1.18M | ▼ 5.4% |
| Other tangible fixed assets26 | €99k | €95k | - | - | - | - |
| Current assets29/58 | €154k | €177k | €197k | €192k | €133k | ▼ 30.8% |
| Amounts receivable within one year40/41 | - | €2k | €882 | €784 | €2k | ▲ 95.1% |
| Trade receivables40 | - | - | €197 | €0 | - | - |
| Other amounts receivable41 | - | €2k | €685 | €784 | €2k | ▲ 95.1% |
| Cash at bank and in hand54/58 | €154k | €175k | €196k | €191k | €131k | ▼ 31.3% |
| Deferred charges and accrued income490/1 | - | - | €26 | €27 | €27 | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.63M | €1.58M | €1.52M | €1.44M | €1.31M | ▼ 8.8% |
| Equity10/15 | €669k | €731k | €793k | €805k | €813k | ▲ 1.0% |
| Contributions10/11 | €35k | €35k | €35k | €35k | €35k | = |
| Reserves13 | €131k | €181k | €231k | €245k | €252k | ▲ 3.0% |
| Non-distributable reserves130/1 | €4k | €4k | - | - | - | - |
| Reserves not available under the articles1311 | €4k | €4k | - | - | - | - |
| Tax-exempt reserves132 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €125k | €175k | €229k | €242k | €250k | ▲ 3.1% |
| Profit (loss) carried forward14 | €503k | €514k | €527k | €525k | €526k | ▲ 0.1% |
| Amounts payable17/49 | €963k | €847k | €728k | €635k | €500k | ▼ 21.2% |
| Amounts payable after more than one year17 | €815k | €696k | €575k | €451k | €323k | ▼ 28.3% |
| Financial debts170/4 | €815k | €696k | €575k | €451k | €323k | ▼ 28.3% |
| Amounts payable within one year42/48 | €148k | €150k | €153k | €185k | €177k | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | €116k | €119k | €122k | €124k | €127k | ▲ 2.4% |
| Financial debts43 | - | €21 | €26 | €10k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €21 | €26 | €10k | €0 | ▼ 100% |
| Trade debts44 | - | - | - | - | €1k | - |
| Suppliers440/4 | - | - | - | - | €1k | - |
| Taxes, remuneration and social security45 | €482 | €482 | €2k | €2k | €0 | ▼ 100% |
| Taxes450/3 | €482 | €482 | €2k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €31k | €31k | €30k | €48k | €49k | ▲ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €62k | €62k | €57k | €54k | ▼ 5.3% |
| + Depreciation and write-downs630 | €82k | €77k | €76k | €76k | €76k | ▲ 0.8% |
| Operating cash flow (approximation) | €137k | €139k | €138k | €133k | €131k | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-9k | - |
| Change in cash | - | €21k | €21k | €-5k | €-60k | ▼ 1,127% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €62k ▲1%
Net result €62k, the highest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €46k ▼24.6%
Net result drops to €46k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Erquelinnes · 1 establishment unit since 2013
Ground area
5,968 m²
Building footprint
1,992 m²
Volume, LiDAR
10,185 m³
Parcel 56022B0713/00T002, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FORET IMMO
since 20132.224.645.906
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56022B0713/00T002 | Wallonia | 5,968 m² | 1 · 1,992 m² | 7.5 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300IVNFME9CMKUA35
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,933 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.