Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GARAGE FORREST from Ieper, company number BE0430529055, closed financial year 2025 with a result of € -33,084 after tax. For that financial year GARAGE FORREST recorded a gross margin of € 16,932 and equity of € 250,616. Compared with financial year 2024, the result moved from € -15,291 to € -33,084. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 27, 2026.
€ 250,616
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,084
▼ 116 % more loss than in 2024
Profit after tax over the fiscal year.
€ 32,731
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 80,132.
People and assets in 2025
€ 27,408
▲ 10% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 240,562
▼ 8% vs 2024
€ 7,037 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 7,780
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 75,135 | € 76,273 | € 54,652 | € 16,932 | ▼ 69% |
| Profit after taxes | € 17,913 | € 2,852 | € -15,291 | € -33,084 | ▼ € 17,793 |
| Equity | € 296,139 | € 298,991 | € 283,700 | € 250,616 | ▼ 12% |
| Total debts | € 387,573 | € 407,140 | € 401,748 | € 359,873 | ▼ 10% |
| Cash | € 104,698 | € 30,025 | € 44,005 | € 32,731 | ▼ 26% |
| Land & buildings | € 258,679 | € 234,076 | € 237,736 | € 225,705 | ▼ 5% |
| Retained profit | € 125,655 | € 128,507 | € 113,216 | € 80,132 | ▼ 29% |
| Bank debt | € 265,833 | € 280,754 | € 260,191 | € 240,562 | ▼ 8% |
| Balance sheet total | € 683,712 | € 706,131 | € 685,449 | € 610,489 | ▼ 11% |
Key figures of GARAGE FORREST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to GARAGE FORREST?
What happened at GARAGE FORREST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 33,084. Source: NBB ↗
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,913 profit in 2022 to € 33,084 loss in 2025.
Paid € 4,199 in corporate taxes since 2022.
Best year ever: 2022, with € 17,913 profit.
Management
Behind GARAGE FORREST are Steven Forrest and Annie Adam. Steven Forrest is also behind FORREST - MOTOR.
Directors
According to the 2025 annual accounts
Annie Adam
Director
Establishments
Establishment units
Physical locations of this company
Pilkemseweg 121
8900 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.529.055
- VAT number
- BE 0430.529.055
- Registered office
- Pilkemseweg 121, 8900 Ieper
- Names & denominations
- GARAGE FORREST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 1987
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in motorbrandstoffen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)