GARAGE FORREST
ActiveGARAGE FORREST has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251k and a net result of €-33k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 54% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability18▼-13
Solvency66=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.35 in 2024; short-term debt: 42.7% and cash: 5.4% of total assets), and 58.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-33k
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
94 d early
2023
12 d early
2022
21 d early
2021
27 d early
2020
1 d early
2019
26 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€251k▼ 11.7%
2024 · €284k
2018: €271k
2019: €276k
2020: €298k
2021: €278k
2022: €296k
2023: €299k
2024: €284k
2018 → 2025
Total assets
€610k▼ 10.9%
2024 · €685k
2018: €680k
2019: €702k
2020: €734k
2021: €632k
2022: €684k
2023: €706k
2024: €685k
2018 → 2025
Net result
€-33k▼ 116%
2024 · €-15k
2018: €19k
2019: €5k
2020: €23k
2021: €-20k
2022: €18k
2023: €3k
2024: €-15k
2018 → 2025
Working capital
€74k▼ 26.7%
2024 · €100k
2018: €92k
2019: €84k
2020: €151k
2021: €84k
2022: €102k
2023: €117k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€278k-€296k▲ 6.4%€299k▲ 1.0%€284k▼ 5.1%€251k▼ 11.7%
Operating result€-16k-€29k€21k▼ 26.5%€9k▼ 59.8%€-24k
Net result€-20k-€18k€3k▼ 84.1%€-15k€-33k▼ 116%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24k after €9k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €610k
Fixed assets
€276k▼ 6.5%
Current assets
€334k▼ 14.3%
Equity and liabilities €610k
Equity
€251k▼ 11.7%
Debt
€360k▼ 10.4%
The debt ratio rises from 58.6% to 58.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2024 · €44k
Cash flow
€-3k▼
2024 · €20k
Solvency
41.1%▼
2024 · 41.4%
Current ratio
1.28▼
2024 · 1.35
Quick ratio
0.33▼
2024 · 0.44
Debt / equity
1.44▲
2024 · 1.42
ROE
-13.2%▼
2024 · -5.4%
ROA
-5.4%▼
2024 · -2.2%
Interest coverage
0.70▼
2024 · 1.85
Debt
€360k▼
2024 · €402k
Debt ≤ 1 year
€261k▼
2024 · €290k
Debt > 1 year
€97k▼
2024 · €105k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€685k€610k▼
Fixed assets21/28€295k€276k▼
Tangible fixed assets22/27€295k€276k▼
Land and buildings22€238k€226k▼
Plant, machinery and equipment23€17k€13k▼
Furniture and vehicles24€25k€27k▲
Other tangible fixed assets26€16k€10k▼
Current assets29/58€390k€334k▼
Stocks and contracts in progress3€264k€247k▼
Stocks30/36€264k€247k▼
Amounts receivable within one year40/41€81k€52k▼
Trade receivables40€80k€42k▼
Other amounts receivable41€937€10k▲
Cash at bank and in hand54/58€44k€33k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€685k€610k▼
Equity10/15€284k€251k▼
Contributions10/11€170k€170k=
Reserves13€113k€99k▼
Distributable reserves133€113k€99k▼
Profit (loss) carried forward14-€-19k
Amounts payable17/49€402k€360k▼
Amounts payable after more than one year17€105k€97k▼
Financial debts170/4€16k€9k▼
Other amounts payable178/9€89k€89k=
Amounts payable within one year42/48€290k€261k▼
Current portion of amounts payable after more than one year42€20k€7k▼
Financial debts43€225k€225k=
Credit institutions430/8€225k€225k=
Trade debts44€16k€8k▼
Suppliers440/4€16k€8k▼
Taxes, remuneration and social security45€20k-
Taxes450/3€13k-
Remuneration and social security454/9€6k-
Other amounts payable47/48€9k€21k▲
Accrued charges and deferred income492/3€8k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€31k▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€55k€17k▼
Operating profit (loss)9901€9k€-24k▼
Financial income75/76B-€31
Recurring financial income75-€31
Financial charges65/66B€24k€9k▼
Recurring financial charges65€24k€9k▼
Profit (loss) for the period before taxes9903€-15k€-33k▼
Profit (loss) for the period9904€-15k€-33k▼
Profit (loss) for the period to be appropriated9905€-15k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-33k▼
Transfer from equity791/2€15k€14k▼
The notes to these accounts (15 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 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €23k ▲357%
Operating result €41k, net result €23k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ieper · 1 establishment unit since 2001
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.
Pilkemseweg 1218900 IeperGround area
4,287 m²
Building footprint
927 m²
Volume, LiDAR
5,573 m³
Parcel 33305B1007/00R000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARAGE FOREST BVBA
since 20012.033.326.470
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B1007/00R000 | Flanders | 4,287 m² | 1 · 927 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Similar companies · same sector, comparable size
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EUROPEAN CAR CENTRE
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COSTUME CAR EXCLUSIVE
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Of 10,672 companies in sector 47811 we hold annual accounts for 5,223. 3,706 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-1987
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50103
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47300Retail sale of automotive fuel
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.