PETIT FORESTIER BELGIQUE
ActiveSummary
The computed 12-month bankruptcy probability of PETIT FORESTIER BELGIQUE is 1.8% (moderate). The 2025 annual accounts show negative equity (€-1.06M) and a net result of €-2.36M. Equity is shrinking by ~43.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 435 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-3
Solvency22▼-2
Growth40▼-4
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.42 in 2024; short-term debt: 51.6% and cash: 0.5% 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.
−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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.06M
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
13 d early
2023
8 d early
2022
31 d early
2021
19 d early
2020
3 d early
2019
18 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
Turnover
€26.25M▼ 10.1%
2024 · €29.18M
2018: €16.76M
2019: €19.63M
2020: €18.88M
2021: €20.83M
2022: €25.40M
2023: €27.68M
2024: €29.18M
2018 → 2025
EBIT margin
-3.9%▼ 2.7pp
2024 · -1.2%
2018: -0.6%
2019: 3.9%
2020: -0.5%
2021: 1.6%
2022: 2.0%
2023: -2.9%
2024: -1.2%
2018 → 2025
Net result
€-2.36M▼ 82.9%
2024 · €-1.29M
2018: €-327k
2019: €324k
2020: €-361k
2021: €67k
2022: €134k
2023: €-1.34M
2024: €-1.29M
2018 → 2025
Working capital
€-14.42M▲ 3.3%
2024 · €-14.92M
2018: €-4.29M
2019: €-3.77M
2020: €-6.21M
2021: €-3.60M
2022: €-7.41M
2023: €-11.24M
2024: €-14.92M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€20.83M-€25.40M▲ 22.0%€27.68M▲ 9.0%€29.18M▲ 5.4%€26.25M▼ 10.1%
Equity€805k-€939k▲ 16.7%€-403k€-695k▼ 72.4%€-1.06M▼ 52.1%
Operating result€326k-€508k▲ 55.8%€-804k€-336k▲ 58.2%€-1.02M▼ 205%
Net result€67k-€134k▲ 101%€-1.34M€-1.29M▲ 3.8%€-2.36M▼ 82.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.02M in 2025 against €336k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40.03M
Fixed assets
€33.79M ▼ 5.1%
Current assets
€6.24M ▼ 42.5%
Key figures and ratios
EBITDA
€9.45M▼
2024 · €10.33M
Cash flow
€8.11M▼
2024 · €9.38M
Solvency
-2.6%▼
2024 · -1.5%
Current ratio
0.30▼
2024 · 0.42
Quick ratio
0.27▼
2024 · 0.40
Debt to equity
-38.84▲
2024 · -67.79
ROA
-5.9%▼
2024 · -2.8%
Interest coverage
8.99▼
2024 · 11.34
Debt
€41.05M▼
2024 · €47.10M
Debt ≤ 1 year
€20.66M▼
2024 · €25.78M
Debt > 1 year
€20.36M▼
2024 · €21.28M
Income taxes
€30k
Staff costs
€6.39M▼
2024 · €7.29M
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 · 78 lines
Balance sheet
Code20242025
Assets
Total assets20/58€46.47M€40.03M▼
Fixed assets21/28€35.61M€33.79M▼
Intangible fixed assets21€431k€246k▼
Tangible fixed assets22/27€34.99M€33.36M▼
Land and buildings22€5.36M€5.05M▼
Plant, machinery and equipment23€555k€479k▼
Furniture and vehicles24€22.37M€23.12M▲
Assets under construction and advance payments27€6.70M€4.71M▼
Financial fixed assets28€190k€185k▼
Other financial fixed assets284/8€190k€185k▼
Amounts receivable and cash guarantees285/8€190k€185k▼
Current assets29/58€10.86M€6.24M▼
Stocks and contracts in progress3€529k€710k▲
Stocks30/36€529k€710k▲
Goods purchased for resale34€529k€710k▲
Amounts receivable within one year40/41€10.05M€5.29M▼
Trade receivables40€9.80M€4.98M▼
Other amounts receivable41€250k€307k▲
Cash at bank and in hand54/58€144k€197k▲
Deferred charges and accrued income490/1€136k€47k▼
Equity and liabilities
Total equity and liabilities10/49€46.47M€40.03M▼
Equity10/15€-695k€-1.06M▼
Contributions10/11€1.00M€1.21M▲
Reserves13€100k€100k=
Distributable reserves133€100k€100k=
Profit (loss) carried forward14€-1.79M€-2.36M▼
Provisions and deferred taxes16€67k€36k▼
Provisions for liabilities and charges160/5€67k€36k▼
Other liabilities and charges164/5€67k€36k▼
Amounts payable17/49€47.10M€41.05M▼
Amounts payable after more than one year17€21.28M€20.36M▼
Financial debts170/4€21.28M€20.36M▼
Leasing and similar obligations172-€30k
Credit institutions173€21.28M€14.66M▼
Other loans174-€5.68M
Amounts payable within one year42/48€25.78M€20.66M▼
Current portion of amounts payable after more than one year42€9.01M€9.63M▲
Financial debts43€13k€59k▲
Credit institutions430/8€13k€59k▲
Trade debts44€10.97M€6.89M▼
Suppliers440/4€10.97M€6.89M▼
Taxes, remuneration and social security45€1.20M€1.09M▼
Taxes450/3€310k€495k▲
Remuneration and social security454/9€894k€594k▼
Other amounts payable47/48€4.59M€3.00M▼
Accrued charges and deferred income492/3€29k€21k▼
Income statement
Code20242025
Operating income70/76A€33.00M€29.58M▼
Turnover70€29.18M€26.25M▼
Own construction capitalised72€140k€80k▼
Other operating income74€3.67M€3.25M▼
Operating charges60/66A€33.33M€30.60M▼
Goods for resale, raw materials and consumables60€4.11M€3.67M▼
Purchases600/8€4.06M€3.86M▼
Change in stocks: decrease (increase)609€58k€-181k▼
Services and other goods61€9.65M€9.29M▼
Remuneration, social security and pensions62€7.29M€6.39M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10.67M€10.47M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€282k€230k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€31k€-5k▼
Other operating charges640/8€1.30M€550k▼
Operating profit (loss)9901€-336k€-1.02M▼
Financial income75/76B€44k€34k▼
Recurring financial income75€44k€34k▼
Other financial income752/9€44k€34k▼
Financial charges65/66B€1,000k€1.34M▲
Recurring financial charges65€1,000k€1.34M▲
Debt charges650€911k€1.05M▲
Other financial charges652/9€89k€291k▲
Profit (loss) for the period before taxes9903€-1.29M€-2.33M▼
Income taxes67/77-€30k
Taxes670/3-€30k
Profit (loss) for the period9904€-1.29M€-2.36M▼
Profit (loss) for the period to be appropriated9905€-1.29M€-2.36M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.79M€-4.16M▼
Profit (loss) brought forward from the previous period14P€-1.50M€-1.79M▼
Transfer from equity791/2€1.00M€1.79M▲
From contributions791€1.00M€1.79M▲
Social balance
Average headcount (FTE)908794.984.2▼
The notes to these accounts (73 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-2.36M
Net result drops to €-2.36M, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Back to profitnet €67k
Net result €67k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €324k
Net result €324k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.10M ▲41.8%
Equity rises from €775k to €1.10M.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
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.
Directors · office · real estate
Directors
14 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, Herstal · 7 establishment units since 1998
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.
Parc Ind. des Hauts Sarts, 1e av 544040 HerstalGround area
3.4 ha
Building footprint
8,584 m²
Volume, LiDAR
34,057 m³
6 parcels, Brussels, Flanders, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
7 establishment units
Guido Gezellestraat 117, 1654 Beersel
since 19982.080.032.069
Petit Forestier Belgique
since 20032.158.947.707
Petit Forestier Liège
since 20122.242.817.667
Chaussée de Marche(JB) 838, 5100 Namur
since 20182.280.448.026
Lochtemanweg 58, 3580 Beringen
since 20182.279.434.969
petit Forestier Brussels NOH
since 20202.301.124.664
Show 1 more locations
PETIT FORESTIER Antwerpen
since 20252.383.081.845
6 parcels
Flanders
3
(50%)
Wallonia
2
(33.3%)
Brussels
1
(16.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92095B0209/00W005 | Wallonia | 1.2 ha | 1 · 2,677 m² | 8.3 m · 2 fl. |
| 23035A0124/00C000 | Flanders | 5,690 m² | 1 · 1,182 m² | 6.3 m · 2 fl. |
| 54007B0512/00R000 | Wallonia | 4,845 m² | 1 · 658 m² | - |
| 71004D0115/00C000 | Flanders | 4,647 m² | 1 · 681 m² | 7.3 m · 2 fl. |
| 11052A0026/00S005 | Flanders | 4,384 m² | 1 · 2,365 m² | - |
| 21819A0099/00X009 | Brussels | 2,498 m² | 1 · 1,021 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 6
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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TO-RENT
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LAMBERTS INVEST
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U-rent
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Of 361 companies in sector 77120 we hold annual accounts for 233. 149 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 formPrivate limited company
Founded14-01-1997
Fiscal year end31-12
Activities, NACEBEL 2025
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.