FORREST
ActiveSummary
FORREST has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.40M and a net result of €80k. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 145 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability75▲+2
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.54 in 2025; short-term debt: 10.3% and cash: 1.6% of total assets), and 10.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2026Solvency, return and age of the figures
Solvency
89.7%
Return on assets
5.1%
Age of the figures
6 mo
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €1.40M
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 10-09-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
51 d early
2025
15 d early
2024
45 d early
2023
40 d early
2022
33 d early
2021
32 d early
2020
45 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 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€80k▲ 56.9%
2025 · €51k
2019: €-52k
2020: €-47k
2021: €-68k
2022: €24k
2023: €36k
2024: €17k
2025: €51k
2019 → 2026
Working capital
€36k
2025 · €-127k
2019: €648k
2020: €612k
2021: €637k
2022: €731k
2023: €-321k
2024: €-214k
2025: €-127k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€2.36M-€1.25M▼ 47.1%€1.27M▲ 1.4%€1.32M▲ 4.0%€1.40M▲ 6.0%
Operating result€-3k-€14k€18k▲ 28.3%€48k▲ 165%€73k▲ 52.3%
Net result€24k-€36k▲ 45.2%€17k▼ 51.6%€51k▲ 195%€80k▲ 56.9%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2026 is 52% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.56M
Fixed assets
€1.36M ▼ 5.8%
Current assets
€196k ▲ 31.5%
Equity and liabilities €1.56M
Equity
€1.40M ▲ 6.0%
Debt
€160k ▼ 42.0%
Debt's share of the balance-sheet total falls from 17.3% to 10.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€157k▲
2025 · €132k
Cash flow
€163k▲
2025 · €135k
Current ratio
1.22▲
2025 · 0.54
Debt to equity
0.11▼
2025 · 0.21
ROE
5.7%▲
2025 · 3.9%
ROA
5.1%▲
2025 · 3.2%
Interest coverage
144.49▼
2025 · 228.48
Debt ≤ 1 year
€160k▼
2025 · €276k
Income taxes
€323▼
2025 · €485
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 49 lines
Balance sheet
Code20252026
Assets
Total assets20/58€1.59M€1.56M▼
Fixed assets21/28€1.44M€1.36M▼
Tangible fixed assets22/27€1.43M€1.35M▼
Land and buildings22€1.37M€1.30M▼
Plant, machinery and equipment23€61k€53k▼
Financial fixed assets28€12k€12k=
Current assets29/58€149k€196k▲
Amounts receivable within one year40/41€22k€23k▲
Trade receivables40€22k€21k▼
Other amounts receivable41€637€2k▲
Current investments50/53€61k€146k▲
Cash at bank and in hand54/58€63k€25k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.56M▼
Equity10/15€1.32M€1.40M▲
Contributions10/11€1.04M€1.04M=
Capital10€1.04M€1.04M=
Issued capital100€1.04M€1.04M=
Reserves13€311k€314k▲
Non-distributable reserves130/1€88k€104k▲
Legal reserve130€88k€104k▲
Tax-exempt reserves132€223k€210k▼
Profit (loss) carried forward14€-30k€47k▲
Amounts payable17/49€276k€160k▼
Amounts payable within one year42/48€276k€160k▼
Trade debts44€527€995▲
Suppliers440/4€527€995▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€272k€156k▼
Accrued charges and deferred income492/3€146€90▼
Income statement
Code20252026
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€83k▼
Other operating charges640/8€13k€13k▲
Gross operating margin9900€144k€169k▲
Operating profit (loss)9901€48k€73k▲
Financial income75/76B€4k€8k▲
Recurring financial income75€4k€8k▲
Financial charges65/66B€577€1k▲
Recurring financial charges65€577€1k▲
Profit (loss) for the period before taxes9903€51k€80k▲
Income taxes67/77€485€323▼
Profit (loss) for the period9904€51k€80k▲
Transfer from tax-exempt reserves789€13k€13k=
Profit (loss) for the period to be appropriated9905€64k€93k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-30k€62k▲
Profit (loss) brought forward from the previous period14P€-94k€-30k▲
Transfer to equity691/2-€16k
To the legal reserve6920-€16k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial
Highest result since 2019net €80k ▲56.9%
Operating result €73k, net result €80k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 1.22
Current ratio from 0.54 to 1.22; short-term debt falls from €276k to €160k.
2025
16-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Back to profitnet €24k
Net result €24k after 3 loss-making years.
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series; recovery starts the following year.
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Chastre · 5 establishment units since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue du Moulin 1741450 ChastreGround area
2.0 ha
Building footprint
7,449 m²
Volume, LiDAR
70,664 m³
5 parcels, Brussels, Wallonia · tallest building 26.0 m, ±3 floors. Linked by address, not a title deed.
5 establishment units
J. FORREST
since 19882.032.961.038
J. FORREST
since 19882.032.961.137
J. FORREST
since 19882.032.961.236
J. FORREST
since 19882.032.961.335
Avenue Zénobe Gramme 25, 1300 Wavre
since 19992.032.961.434
5 parcels
Wallonia
2
(40%)
Brussels
3
(60%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0159/00K011 | Brussels | 8,192 m² | 1 · 3,084 m² | 21.1 m · 2 fl. |
| 25006A0145/00L000 | Wallonia | 5,011 m² | 1 · 1,955 m² | 10.2 m · 2 fl. |
| 25032C0063/00G000 | Wallonia | 4,373 m² | 1 · 196 m² | 9.7 m · 2 fl. |
| 21009A0364/00Z000 | Brussels | 2,694 m² | 1 · 2,214 m² | 26.0 m · 3 fl. |
| 21802B1344/00C002 | Brussels | 124 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels 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
875500L74QEATLXAN521
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Of 1,045 companies in sector 47559 we hold annual accounts for 350. 120 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-12-1987
Fiscal year end31-03
Activities, NACEBEL 2025
47559Retail sale of other household articles
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.