PRIME FORESTS
ActiveSummary
PRIME FORESTS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €438,150 and a net result of €108,709. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+2
Solvency71▲+20
Growth73▼-4
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.85 against 1.63 in 2024; short-term debt: 32.3% and cash: 15.5% of total assets), but 53.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
46.4%
Return on assets
11.5%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 16-01-2026, 43 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
43 d early
2024
53 d early
2023
on the day
2022
43 d late
2021
19 d early
2020
116 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today. Usually files around 9 February (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
31-07-2026 close29-09-2026 today28-02-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€5.1m▼ 10.2%
2024 · €5.7m
EBIT margin
4.1%▲ 1.3pp
2024 · 2.7%
Net result
€108,709▲ 40.3%
2024 · €77,457
Working capital
€564,846▲ 19.8%
2024 · €471,638
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.1m▼ 0.5%€4.7m▲ 52.4%€6.6m▲ 39.0%€5.7m▼ 13.6%€5.1m▼ 10.2%
Operating result€11,948▼ 33.2%€106,162▲ 789%€125,717▲ 18.4%€155,341▲ 23.6%€207,015▲ 33.3%
Net result€1,342below the sector's middle half▼ 85.6%€64,957within the sector's middle half▲ 4,742%€73,216within the sector's middle half▲ 12.7%€77,457within the sector's middle half▲ 5.8%€108,709within the sector's middle half▲ 40.3%
EBIT margin0.4%▼ 0.2pp2.2%▲ 1.9pp1.9%▼ 0.3pp2.7%▲ 0.8pp4.1%▲ 1.3pp
Equity€173,811below the sector's middle half▲ 0.8%€178,768below the sector's middle half▲ 2.9%€251,984below the sector's middle half▲ 41.0%€329,441within the sector's middle half▲ 30.7%€438,150within the sector's middle half▲ 33.0%
Total assets€959,784within the sector's middle half▲ 137%€1.2mwithin the sector's middle half▲ 25.8%€1.3mwithin the sector's middle half▲ 10.7%€1.3mwithin the sector's middle half▼ 3.4%€943,644below the sector's middle half▼ 26.9%
Debt€785,973▲ 238%€1.0m▲ 30.9%€1.1m▲ 5.4%€961,691▼ 11.3%€505,493▼ 47.4%
Working capital€161,655within the sector's middle half▲ 5.6%€364,192within the sector's middle half▲ 125%€385,884within the sector's middle half▲ 6.0%€471,638within the sector's middle half▲ 22.2%€564,846within the sector's middle half▲ 19.8%
Solvency18.1%below the sector's middle half▼ 24.5pp14.8%below the sector's middle half▼ 3.3pp18.9%below the sector's middle half▲ 4.0pp25.5%within the sector's middle half▲ 6.7pp46.4%within the sector's middle half▲ 20.9pp
Current ratio1.21within the sector's middle half▼ 0.451.46within the sector's middle half▲ 0.261.44within the sector's middle half▼ 0.021.63within the sector's middle half▲ 0.192.85within the sector's middle half▲ 1.22
Return on assets (ROA)0.1%below the sector's middle half▼ 2.2pp5.4%within the sector's middle half▲ 5.2pp5.5%within the sector's middle half▲ 0.1pp6.0%within the sector's middle half▲ 0.5pp11.5%above the sector's middle half▲ 5.5pp
Staff (FTE)1below the sector's middle half=1.1below the sector's middle half▲ 10.0%2.3below the sector's middle half▲ 109%1below the sector's middle half▼ 56.5%1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €943,644
Fixed assets
€73,902 ▲ 4.6%
Current assets
€869,742 ▼ 28.7%
Equity and liabilities €943,644
Equity
€438,150 ▲ 33.0%
Debt
€505,493 ▼ 47.4%
Debt's share of the balance-sheet total falls from 74.5% to 53.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€228,794▲
2024 · €178,054
Cash flow
€130,487▲
2024 · €100,170
Quick ratio
2.36▲
2024 · 1.06
Debt to equity
1.15▼
2024 · 2.92
ROE
24.8%▲
2024 · 23.5%
Interest coverage
5.23▼
2024 · 12.84
Debt ≤ 1 year
€304,896▼
2024 · €748,814
Debt > 1 year
€200,598▼
2024 · €200,969
Income taxes
€32,949▲
2024 · €22,247
Staff costs
€76,955▼
2024 · €87,036
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €4.7m | €6.6m | €5.7m | €5.1m | ▼ 10.0% |
| Turnover70 | €3.1m | €4.7m | €6.6m | €5.7m | €5.1m | ▼ 10.2% |
| Other operating income74 | - | €1,379 | €7,656 | €31,366 | €41,504 | ▲ 32.3% |
| Non-recurring operating income76A | - | €2,860 | €0 | - | - | - |
| Operating charges60/66A | - | €4.6m | €6.5m | €5.6m | €4.9m | ▼ 11.2% |
| Goods for resale, raw materials and consumables60 | - | €3.9m | €5.9m | €5.0m | €4.4m | ▼ 12.7% |
| Purchases600/8 | - | €4.6m | €5.6m | €5.0m | €4.2m | ▼ 16.0% |
| Change in stocks: decrease (increase)609 | - | -€748,211 | €305,208 | €16,662 | €175,152 | ▲ 951% |
| Services and other goods61 | - | €680,620 | €452,711 | €456,931 | €377,596 | ▼ 17.4% |
| Remuneration, social security and pensions62 | - | €44,259 | €116,279 | €87,036 | €76,955 | ▼ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,931 | €8,923 | €22,129 | €22,713 | €21,778 | ▼ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €100,000 | - |
| Other operating charges640/8 | - | €1,941 | €3,838 | €4,250 | €7,612 | ▲ 79.1% |
| Operating profit (loss)9901 | €11,948 | €106,162 | €125,717 | €155,341 | €207,015 | ▲ 33.3% |
| Financial income75/76B | - | - | €975 | €0 | €4,592 | - |
| Recurring financial income75 | €0 | - | €975 | €0 | €4,592 | - |
| Income from current assets751 | - | - | - | - | €4,592 | - |
| Other financial income752/9 | - | - | €975 | €0 | - | - |
| Financial charges65/66B | - | €16,452 | €22,821 | €55,637 | €69,950 | ▲ 25.7% |
| Recurring financial charges65 | €9,959 | €16,452 | €22,821 | €55,637 | €69,950 | ▲ 25.7% |
| Debt charges650 | €3,166 | €12,715 | €14,579 | €13,870 | €43,758 | ▲ 215% |
| Other financial charges652/9 | - | €3,737 | €8,242 | €41,767 | €26,192 | ▼ 37.3% |
| Profit (loss) for the period before taxes9903 | €1,989 | €89,710 | €103,871 | €99,704 | €141,658 | ▲ 42.1% |
| Income taxes67/77 | €647 | €24,753 | €30,655 | €22,247 | €32,949 | ▲ 48.1% |
| Taxes670/3 | - | €24,753 | €30,655 | €22,741 | €32,949 | ▲ 44.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €494 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €1,342 | €64,957 | €73,216 | €77,457 | €108,709 | ▲ 40.3% |
| Profit (loss) for the period to be appropriated9905 | €1,342 | €64,957 | €73,216 | €77,457 | €108,709 | ▲ 40.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €959,784 | €1.2m | €1.3m | €1.3m | €943,644 | ▼ 26.9% |
| Fixed assets21/28 | €12,156 | €59,653 | €81,293 | €70,680 | €73,902 | ▲ 4.6% |
| Intangible fixed assets21 | - | - | - | - | €10,037 | - |
| Tangible fixed assets22/27 | €12,056 | €59,553 | €81,293 | €70,680 | €38,865 | ▼ 45.0% |
| Furniture and vehicles24 | - | €59,553 | €81,293 | €70,680 | €38,865 | ▼ 45.0% |
| Financial fixed assets28 | €100 | €100 | €0 | - | €25,000 | - |
| Affiliated companies280/1 | - | - | - | - | €25,000 | - |
| Participating interests280 | - | - | - | - | €25,000 | - |
| Other financial fixed assets284/8 | - | €100 | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | €100 | €0 | - | - | - |
| Current assets29/58 | €947,627 | €1.1m | €1.3m | €1.2m | €869,742 | ▼ 28.7% |
| Stocks and contracts in progress3 | €0 | €748,211 | €443,002 | €426,340 | €151,189 | ▼ 64.5% |
| Stocks30/36 | - | €748,211 | €443,002 | €426,340 | €151,189 | ▼ 64.5% |
| Goods purchased for resale34 | - | €748,211 | €443,002 | €426,340 | €151,189 | ▼ 64.5% |
| Amounts receivable within one year40/41 | €123,629 | €389,880 | €680,567 | €720,591 | €570,732 | ▼ 20.8% |
| Trade receivables40 | - | €337,643 | €672,213 | €720,591 | €570,732 | ▼ 20.8% |
| Other amounts receivable41 | - | €52,237 | €8,354 | €0 | - | - |
| Cash at bank and in hand54/58 | €823,998 | €9,817 | €131,808 | €73,521 | €145,821 | ▲ 98.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €2,000 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €959,784 | €1.2m | €1.3m | €1.3m | €943,644 | ▼ 26.9% |
| Equity10/15 | €173,811 | €178,768 | €251,984 | €329,441 | €438,150 | ▲ 33.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €3,691 | €6,938 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | - | €6,938 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | €6,938 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €70,121 | €71,830 | €141,984 | €219,441 | €328,150 | ▲ 49.5% |
| Amounts payable17/49 | €785,973 | €1.0m | €1.1m | €961,691 | €505,493 | ▼ 47.4% |
| Amounts payable after more than one year17 | - | €237,878 | €204,973 | €200,969 | €200,598 | ▼ 0.2% |
| Financial debts170/4 | - | €237,878 | €204,973 | €200,969 | €200,598 | ▼ 0.2% |
| Subordinated loans170 | - | €200,000 | €181,200 | €191,420 | €200,598 | ▲ 4.8% |
| Credit institutions173 | - | €37,878 | €23,773 | €9,549 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €785,973 | €783,716 | €869,494 | €748,814 | €304,896 | ▼ 59.3% |
| Current portion of amounts payable after more than one year42 | - | €13,986 | €14,105 | €14,224 | €9,549 | ▼ 32.9% |
| Financial debts43 | - | €450,000 | €450,000 | €0 | - | - |
| Credit institutions430/8 | - | €450,000 | €450,000 | €0 | - | - |
| Trade debts44 | €130,687 | €228,469 | €367,307 | €690,789 | €207,477 | ▼ 70.0% |
| Suppliers440/4 | - | €228,469 | €367,307 | €690,789 | €207,477 | ▼ 70.0% |
| Taxes, remuneration and social security45 | - | €31,261 | €38,083 | €43,802 | €87,869 | ▲ 101% |
| Taxes450/3 | - | €25,553 | €32,645 | €42,149 | €85,803 | ▲ 104% |
| Remuneration and social security454/9 | - | €5,707 | €5,437 | €1,653 | €2,066 | ▲ 25.0% |
| Other amounts payable47/48 | - | €60,000 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | €7,200 | €10,220 | €11,908 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,342 | €64,957 | €73,216 | €77,457 | €108,709 | ▲ 40.3% |
| + Depreciation and write-downs630 | €7,931 | €8,923 | €22,129 | €22,713 | €21,778 | ▼ 4.1% |
| Operating cash flow (approximation) | €9,273 | €73,880 | €95,345 | €100,170 | €130,487 | ▲ 30.3% |
| Investment in fixed assets (approximation) | - | -€56,419 | -€43,769 | -€12,100 | -€25,000 | ▼ 107% |
| Change in cash | - | -€814,181 | €121,991 | -€58,288 | €72,300 | ▲ 224% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
Financial
Highest result since 2019net €108,709 ▲40.3%
Operating result €207,015, net result €108,709, both a record.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
Financial
Equity above €200,000Eq €251,984 ▲41%
5 profitable years in a row build equity to €251,984.
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 43 days late
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-07
Financial
Weakest financial yearnet €1,342 ▼85.6%
Net result drops to €1,342, the lowest in the series; recovery starts the following year.
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Oostende · 1 establishment unit since 2017
Ground area
4.9 ha
Building footprint
1.2 ha
Volume, LiDAR
97,971 m³
Parcel 35382G0267/00T000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
PRIME FORESTS N.V.
since 20172.263.827.867
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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 2024 · 4 entries · 50,309 EUR awarded · 50,309 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 25,000 EUR |
| 2023 | 2 | 50,000 EUR | 25,309 EUR |
| 2022 | 1 | 309 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300UPNTTCFSQRXJ12
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Of 855 companies in sector 46832 we hold annual accounts for 590. 453 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-04-2017
Fiscal year end31-07
Activities, NACEBEL 2025
46832Wholesale of timber
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674612927
Also
9925:BE0674612927
Registered
19-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.