Financials
Financial year 2025
EXPLOITATIONS FORESTIERES PHILIPPE CORNET from Manhay, company number BE0433284647, closed financial year 2025 with a result of € 52,348 after tax. For that financial year EXPLOITATIONS FORESTIERES PHILIPPE CORNET recorded a gross margin of € 1.2 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -18,430 to € 52,348. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 1.5 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52,348
▲ still € 18,430 loss in 2024
Profit after tax over the fiscal year.
€ 13,440
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 888,523.
People and assets in 2025
12.8
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 518,745
▲ 4% vs 2024
€ 40,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 377,908
▲ 105% vs 2024
Of which on lease € 369,991.
Debts at end 2025
€ 3.4 million
▼ 8% vs 2024
€ 513,166 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 329,011
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 73,878
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,933,185 | € 933,035 | € 1,033,025 | € 1,174,761 | ▲ 14% |
| Profit after taxes | € 655,779 | € 13,122 | € -18,430 | € 52,348 | ▲ € 70,778 |
| Equity | € 2,995,897 | € 1,406,796 | € 1,426,159 | € 1,511,674 | ▲ 6% |
| Total debts | € 2,720,430 | € 4,909,014 | € 3,952,653 | € 3,784,580 | ▼ 4% |
| Cash | € 238,042 | € 17,265 | € 70,154 | € 13,440 | ▼ 81% |
| Land & buildings | € 1,266,501 | € 1,503,785 | € 1,420,869 | € 1,323,874 | ▼ 7% |
| Retained profit | € 2,471,484 | € 854,606 | € 836,175 | € 888,523 | ▲ 6% |
| Dividend | € 0 | € 1,630,000 | € 0 | € 0 | |
| Bank debt | € 1,579,236 | € 3,388,970 | € 3,660,317 | € 3,381,690 | ▼ 8% |
| Balance sheet total | € 5,726,617 | € 6,323,527 | € 5,383,314 | € 5,297,540 | ▼ 2% |
| Employees (FTE) | 9.5 | 9.3 | 11.8 | 12.8 | ▲ 1 |
Key figures of EXPLOITATIONS FORESTIERES PHILIPPE CORNET, 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 EXPLOITATIONS FORESTIERES PHILIPPE CORNET?
What happened at EXPLOITATIONS FORESTIERES PHILIPPE CORNET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HUSIBO SA stepped down as director. NBB
- GH WOOD SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 52,348. Source: NBB ↗
- HUSIBO SA became a director. NBB
- GH WOOD SRL became a director. NBB
- New establishment in Hotton. KBO
- Start of the company according to the CBE. KBO
In short
From € 655,779 profit in 2022 to € 52,348 profit in 2025.
Paid € 226,988 in corporate taxes since 2022.
Best year ever: 2022, with € 655,779 profit.
On average € 91,800 of value added per employee in 2025.
Management
The shares are held by HUSIBO (100%).
Directors
According to the 2025 annual accounts
Director · represented by Emmanuel Schellekens
Also active at: Scierie de Graide-Station, Exploitations Forestières Georges HUET, SIMON-BOIS
since 2023 · until 2029
Director · represented by HUET GEOFFREY
Owns 25% via HUSIBO
Also active at: Scierie de Graide-Station, Exploitations Forestières Georges HUET, SIMON-BOIS, HUSIBO
since 2023 · until 2029
Shareholders
HUSIBO · holding of GH WOOD SRL
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Route de Bomal, Grandménil 12 box 1
6960 Manhay
Rue de Barvaux, Hotton sn
6990 Hotton
Active since 30 April 1996
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0433.284.647
- VAT number
- BE 0433.284.647
- Registered office
- Route de Bomal, Grandménil 12 bus 1, 6960 Manhay
- Names & denominations
- EXPLOITATIONS FORESTIERES PHILIPPE CORNET · PHILIPPE CORNET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 February 1988
- Peppol
- Active · Active since 11 Jan 2026
- Activities · NACE
Exploitatie van bossen
Bosexploitatie
Bosbouw
Bosbouw en bosbouwactiviteiten