Financials
- Fiscal year
- 2025
- Total assets
- €274,288
- Profit
- €5,727
- Solvency
- 47.9%
Total assets▲ 2.7%
Net result
20182025
The Forests
ActiveSummary
The Forests has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131,306 and a net result of €5,727. Equity remains stable across the filed fiscal years (±1.8% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Activity not known1 site
Size
€274,288total assets 2025
- Equity
- €131,306
- Profit
- €5,727
Structure
Accounts filed 18 d late0 of 3 deeds read
Why 91- No main activity registered+ Size: total assets €274,288+ Founded in 1983+ Figures for FY 2025 (filed 18-08-2026)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Better than 42% of its sector peers (no NACE code, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
73+1
equity 47.9% of total assets
Liquidity
26+2
short-term debt 52.0% · cash 1.9%
Profitability
71+2
return on assets 2.1%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%▼ -6.0% vs 11-2024
01-2025: 0.1%▼ -0.8% vs 12-2024lowest value
02-2025: 0.1%● 0.0% vs 01-2025lowest value
03-2025: 0.1%● 0.0% vs 02-2025lowest value
04-2025: 0.1%▲ +4.8% vs 03-2025
05-2025: 0.1%▲ +2.3% vs 04-2025
06-2025: 0.2%▲ +17.2% vs 05-2025
07-2025: 0.1%▼ -16.6% vs 06-2025
08-2025: 0.1%● 0.0% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%▼ -0.8% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%▲ +5.4% vs 03-2026
05-2026: 0.1%▲ +1.5% vs 04-2026
06-2026: 0.2%▲ +18.0% vs 05-2026
07-2026: 0.2%▲ +11.6% vs 06-2026
08-2026: 0.5%▲ +152% vs 07-2026highest value
09-2026: 0.1%▼ -71.4% vs 08-2026
10-2026: 0.1%● 0.0% vs 09-2026
- Size: total assets €274,288 lowers the probability for this profile
- Founded in 1983 lowers the probability for this profile
- Figures for FY 2025 (filed 18-08-2026) lowers the probability
- No main activity registered raises the probability
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.34 in 2024; short-term debt: 52% and cash: 1.9% of total assets), and 52.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 43%, liquidity 15%, profitability 52%, growth against the median 60%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
34 d early
2023
29 d early
2022
10 d late
2021
19 d late
2020
19 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 10 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Back to profitnet €5,727
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
By topic
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 18-08-2026Annual accounts filed
- 31-12-2025Back to profit
- 27-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 22-08-1983
- Year ends
- 31-12
- Peppol
- Not found in the Peppol directory
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