Go Forest
ActiveThe computed 12-month bankruptcy probability of Go Forest is 2.0% (moderate). The 2025 annual accounts show negative equity (€-264k) and a net result of €-35k. Equity is shrinking by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 6994 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▲+17
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.06 against 1.12 in 2024; short-term debt: 65.9% and cash: 10.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-109.1%
Return on assets
-14.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-264k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
21 d late
2024
17 d early
2023
16 d early
2022
20 d early
2021
31 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-264k▼ 15.5%
2024 · €-229k
2021: €-91k
2022: €-140k
2023: €-146k
2024: €-229k
2021 → 2025
Total assets
€242k▼ 29.9%
2024 · €345k
2021: €102k
2022: €248k
2023: €405k
2024: €345k
2021 → 2025
Net result
€-35k▲ 57.4%
2024 · €-83k
2021: €-144k
2022: €-49k
2023: €-5k
2024: €-83k
2021 → 2025
Working capital
€9k▼ 62.3%
2024 · €25k
2021: €-36k
2022: €53k
2023: €107k
2024: €25k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-91k-€-140k▼ 54.3%€-146k▼ 3.9%€-229k▼ 57.2%€-264k▼ 15.5%
Operating result€-144k-€-46k▲ 68.0%€5k€-71k€-27k▲ 62.1%
Net result€-144k-€-49k▲ 65.7%€-5k▲ 88.9%€-83k▼ 1,416%€-35k▲ 57.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €71k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242k
Fixed assets
€73k▼ 29.9%
Current assets
€169k▼ 29.9%
Key figures and ratios
EBITDA
€17k▲
2024 · €-36k
Cash flow
€8k▲
2024 · €-49k
Solvency
-109.1%▼
2024 · -66.3%
Current ratio
1.06▼
2024 · 1.12
Quick ratio
1.06▼
2024 · 1.12
Debt / equity
-1.92▲
2024 · -2.51
ROA
-14.6%▲
2024 · -24.1%
Interest coverage
2.04▲
2024 · -2.79
Debt
€506k▼
2024 · €574k
Debt ≤ 1 year
€160k▼
2024 · €216k
Debt > 1 year
€347k▼
2024 · €358k
Income taxes
€480
Staff costs
€76k▼
2024 · €141k
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€345k€242k▼
Fixed assets21/28€104k€73k▼
Intangible fixed assets21€84k€57k▼
Tangible fixed assets22/27€16k€12k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€8k€6k▼
Financial fixed assets28€4k€4k=
Current assets29/58€241k€169k▼
Amounts receivable within one year40/41€211k€140k▼
Trade receivables40€206k€136k▼
Other amounts receivable41€4k€4k▼
Cash at bank and in hand54/58€28k€25k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€345k€242k▼
Equity10/15€-229k€-264k▼
Contributions10/11€53k€53k=
Profit (loss) carried forward14€-282k€-317k▼
Amounts payable17/49€574k€506k▼
Amounts payable after more than one year17€358k€347k▼
Financial debts170/4€358k€347k▼
Amounts payable within one year42/48€216k€160k▼
Current portion of amounts payable after more than one year42€10k€4k▼
Financial debts43€51k€47k▼
Credit institutions430/8€51k€47k▼
Trade debts44€88k€64k▼
Suppliers440/4€88k€64k▼
Taxes, remuneration and social security45€66k€44k▼
Taxes450/3€48k€23k▼
Remuneration and social security454/9€18k€22k▲
Other amounts payable47/48€762€771▲
Income statement
Code20242025
Remuneration, social security and pensions62€141k€76k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€43k▲
Other operating charges640/8€2k€6k▲
Non-recurring operating charges66A€49-
Gross operating margin9900€107k€98k▼
Operating profit (loss)9901€-71k€-27k▲
Financial income75/76B€533€22▼
Recurring financial income75€533€22▼
Financial charges65/66B€13k€8k▼
Recurring financial charges65€13k€8k▼
Profit (loss) for the period before taxes9903€-83k€-35k▲
Income taxes67/77-€480
Profit (loss) for the period9904€-83k€-35k▲
Profit (loss) for the period to be appropriated9905€-83k€-35k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-282k€-317k▼
Profit (loss) brought forward from the previous period14P€-199k€-282k▼
The notes to these accounts (12 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.40
Current ratio from 0.64 to 1.40.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 2020
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.
Koningin Astridlaan 178A9000 GentGround area
102 m²
Building footprint
79 m²
Volume, LiDAR
712 m³
Parcel 44809I0704/00M003, Flanders · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Go Forest
since 20202.302.766.241
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0704/00M003 | Flanders | 102 m² | 1 · 79 m² | 15.6 m · 3 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
2022 to 2025 · 3 entries · 8,680 EUR awarded · 8,680 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,140 EUR | 1,140 EUR |
| 2023 | 1 | 5,290 EUR | 5,290 EUR |
| 2022 | 1 | 2,250 EUR | 2,250 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 13,425 companies in sector 73300 we hold annual accounts for 6,901.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2020
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
94994Activities of membership organisations
82300Organisation of conventions and trade shows
85599Other education
94995Activities of membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:sarah@goforest.be