Summary
GROUPE FORREST INTERNATIONAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €58.11M and a net result of €-648k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 45% of 2394 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
16 d early
2023
34 d early
2022
27 d early
2021
11 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Equity
€58.11M▼ 1.1%
2024 · €58.76M
2018: €49.37M
2019: €56.02M
2020: €64.71M
2021: €65.74M
2022: €59.71M
2023: €58.47M
2024: €58.76M
2018 → 2025
Net result
€-648k
2024 · €288k
2018: €-6.06M
2019: €6.65M
2020: €8.69M
2021: €1.03M
2022: €-6.03M
2023: €-1.24M
2024: €288k
2018 → 2025
Total assets
€104.33M▼ 6.7%
2024 · €111.83M
2018: €89.65M
2019: €92.93M
2020: €99.33M
2021: €111.95M
2022: €108.74M
2023: €111.21M
2024: €111.83M
2018 → 2025
Solvency
55.7%▲ 3.2pp
2024 · 52.5%
2018: 55.1%
2019: 60.3%
2020: 65.1%
2021: 58.7%
2022: 54.9%
2023: 52.6%
2024: 52.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€308k-€5.28M▲ 1,615%
Equity€65.74M-€59.71M▼ 9.2%€58.47M▼ 2.1%€58.76M▲ 0.5%€58.11M▼ 1.1%
Operating result€-2.40M-€-2.94M▼ 22.8%€-2.97M▼ 1.0%€-3.18M▼ 6.9%€-2.89M▲ 8.9%
Net result€1.03M-€-6.03M€-1.24M▲ 79.5%€288k€-648k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.89M in 2025 against €3.18M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104.33M
Fixed assets
€87.20M ▼ 8.4%
Current assets
€17.13M ▲ 2.9%
Equity and liabilities €104.33M
Equity
€58.11M ▼ 1.1%
Provisions
€281k ▼ 5.1%
Debt
€45.94M ▼ 12.9%
Debt's share of the balance-sheet total falls from 47.2% to 44.0%. Equity and debt are lower.
Key figures and ratios
ROE
-1.1%▼
2024 · 0.5%
ROA
-0.6%▼
2024 · 0.3%
Debt ≤ 1 year
€7.51M▲
2024 · €6.27M
Debt > 1 year
€38.43M▼
2024 · €46.50M
Income taxes
€18k▼
2024 · €23k
Staff costs
€875k=
2024 · €875k
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 · 2025 against 2024 · 73 lines
Balance sheet
Code20242025
Assets
Total assets20/58€111.83M€104.33M▼
Fixed assets21/28€95.18M€87.20M▼
Tangible fixed assets22/27€66k€40k▼
Furniture and vehicles24€16k€11k▼
Other tangible fixed assets26€50k€29k▼
Financial fixed assets28€95.11M€87.16M▼
Affiliated companies280/1€60.40M€59.25M▼
Participating interests280€44.19M€43.09M▼
Amounts receivable281€16.21M€16.16M▼
Other financial fixed assets284/8€34.72M€27.91M▼
Amounts receivable and cash guarantees285/8€34.72M€27.91M▼
Current assets29/58€16.65M€17.13M▲
Amounts receivable within one year40/41€7.60M€8.82M▲
Trade receivables40€962k€813k▼
Other amounts receivable41€6.64M€8.01M▲
Current investments50/53€6.56M€7.61M▲
Other investments51/53€6.56M€7.61M▲
Cash at bank and in hand54/58€2.43M€653k▼
Deferred charges and accrued income490/1€59k€51k▼
Equity and liabilities
Total equity and liabilities10/49€111.83M€104.33M▼
Equity10/15€58.76M€58.11M▼
Contributions10/11€60.00M€60.00M=
Capital10€60.00M€60.00M=
Issued capital100€60.00M€60.00M=
Reserves13€287k€287k=
Non-distributable reserves130/1€287k€287k=
Legal reserve130€287k€287k=
Profit (loss) carried forward14€-1.52M€-2.17M▼
Provisions and deferred taxes16€297k€281k▼
Provisions for liabilities and charges160/5€297k€281k▼
Other liabilities and charges164/5€297k€281k▼
Amounts payable17/49€52.77M€45.94M▼
Amounts payable after more than one year17€46.50M€38.43M▼
Other amounts payable178/9€46.50M€38.43M▼
Amounts payable within one year42/48€6.27M€7.51M▲
Trade debts44€700k€522k▼
Suppliers440/4€700k€522k▼
Taxes, remuneration and social security45€5.13M€6.80M▲
Taxes450/3€5.00M€6.65M▲
Remuneration and social security454/9€135k€146k▲
Other amounts payable47/48€433k€191k▼
Accrued charges and deferred income492/3€597€125▼
Income statement
Code20242025
Operating income70/76A€534k€367k▼
Other operating income74€534k€367k▼
Operating charges60/66A€3.71M€3.26M▼
Services and other goods61€2.72M€2.36M▼
Remuneration, social security and pensions62€875k€875k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€33k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€47k€-15k▼
Other operating charges640/8€22k€3k▼
Non-recurring operating charges66A€482-
Operating profit (loss)9901€-3.18M€-2.89M▲
Financial income75/76B€4.88M€4.13M▼
Recurring financial income75€4.84M€4.13M▼
Income from financial fixed assets750€4.09M€3.78M▼
Income from current assets751€373k€320k▼
Other financial income752/9€379k€32k▼
Non-recurring financial income76B€38k-
Financial charges65/66B€1.39M€1.87M▲
Recurring financial charges65€1.39M€767k▼
Debt charges650€980k€865k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€341k€-2.68M▼
Other financial charges652/9€70k€2.58M▲
Non-recurring financial charges66B€228€1.10M▲
Profit (loss) for the period before taxes9903€312k€-630k▼
Income taxes67/77€23k€18k▼
Taxes670/3€25k€18k▼
Tax adjustments and reversals of tax provisions77€2k-
Profit (loss) for the period9904€288k€-648k▼
Profit (loss) for the period to be appropriated9905€288k€-648k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.52M€-2.17M▼
Profit (loss) brought forward from the previous period14P€-1.81M€-1.52M▲
Social balance
Average headcount (FTE)90877.36.7▼
The notes to these accounts (65 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
31-12
Financial
Back to profitnet €288k
Net result €288k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2020
31-12
Financial
Highest result since 2018net €8.69M ▲30.7%
Net result €8.69M, the highest in the series.
Show earlier events
2019
31-12
Financial
Back to profitnet €6.65M
Net result €6.65M after one loss-making year.
31-12
Financial
Liquidity times 23current ratio 23.67
Current ratio from 1.03 to 23.67; short-term debt falls from €29.20M to €1.11M.
31-12
Financial
Equity above €50MEq €56.02M ▲13.5%
Equity rises from €49.37M to €56.02M.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Wavre · 1 establishment unit since 2011
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.
Avenue Pasteur 91300 WavreGround area
5,580 m²
Building footprint
449 m²
Volume, LiDAR
5,408 m³
Parcel 25112N0017/00W000, Wallonia · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Pasteur 9, 1300 Wavre
since 20112.198.091.462
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112N0017/00W000 | Wallonia | 5,580 m² | 1 · 448 m² | 14.2 m · 4 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500TDKQ4B7JANMD81
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 2,467 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
Founded27-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
68110Buying and selling of own real estate
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.