What does FOREST MANAGEMENT do?

FOREST MANAGEMENT is a forestry business in Manhay. Private Limited, started on 17 December 1992, 2 establishments.

What is the address of FOREST MANAGEMENT?

The registered office of FOREST MANAGEMENT is located at Rue du Trésor, Freyneux 13, 6960 Manhay.

Is FOREST MANAGEMENT still active?

Yes. According to the CBE (30 October 2026) FOREST MANAGEMENT is active, legal situation “Normale toestand”, started on 17 December 1992.

Is FOREST MANAGEMENT registered on Peppol?

Yes, FOREST MANAGEMENT is registered on the Peppol network with ID 0208:0448843546.

What is the enterprise number of FOREST MANAGEMENT?

The enterprise number of FOREST MANAGEMENT is BE0448843546.

When was FOREST MANAGEMENT founded?

FOREST MANAGEMENT was founded on 17 December 1992.

Who are the directors of FOREST MANAGEMENT?

According to the 2025 annual accounts, the directors of FOREST MANAGEMENT are: Benoît BAUDRY.

Is FOREST MANAGEMENT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 December 1992; 5 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account; 2 establishments in the CBE.

How much profit did FOREST MANAGEMENT make in 2025?

FOREST MANAGEMENT recorded a loss after taxes of € 999 in financial year 2025.

What is the revenue of FOREST MANAGEMENT?

As a small company, FOREST MANAGEMENT is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 96,716.

How much does an employee at FOREST MANAGEMENT earn?

The average wage cost per full-time employee at FOREST MANAGEMENT was € 23,800 in 2022: staff costs of € 54,677 for 2.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

FOREST MANAGEMENT (Private Limited) - Manhay

Dossier FOREST MANAGEMENT, printed on 30 October 2026 from databakkes.be/en/0448843546/forest-management. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 2 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

FOREST MANAGEMENT from Manhay, company number BE0448843546, closed financial year 2025 with a result of € -999 after tax. For that financial year FOREST MANAGEMENT recorded a gross margin of € 96,716 and equity of € -64,197. Compared with financial year 2024, the result moved from € -150,479 to € -999. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.

What it is worth Caution

€ -64,197

▼ € 999 vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -999

▲ 99 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6,883

▼ 5% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -95,197.

People and assets in 2025

Wage cost

€ 52,913

▼ 58% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 38,500

▼ 22% vs 2024

Of which on lease € 35,880.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 68,345

▼ 51% vs 2024

€ 19,397 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 144,725

▲ 25% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Wages and social charges

€ 847

▼ 97% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 413,090 Revenue 2022: € 413,090 First fiscal year in the series	-	€ 478,807 Revenue 2024: € 478,807 First fiscal year in the series	-
Gross margin	€ 98,516 Gross margin 2022: € 98,516 First fiscal year in the series	€ 39,275 Gross margin 2023: € 39,275 ▼ 60% vs 2022 (€ 98,516) Unfavourable step	€ 39,345 Gross margin 2024: € 39,345 Unchanged (€ 39,275) Favourable step	€ 96,716 Gross margin 2025: € 96,716 ▲ 146% vs 2024 (€ 39,345) Favourable step	▲ 146%
Profit after taxes	€ -15,836 Profit after taxes 2022: € -15,836 First fiscal year in the series	€ -113,030 Profit after taxes 2023: € -113,030 ▼ € 97,194 vs 2022 (€ -15,836) Unfavourable step	€ -150,479 Profit after taxes 2024: € -150,479 ▼ € 37,449 vs 2023 (€ -113,030) Unfavourable step	€ -999 Profit after taxes 2025: € -999 ▲ € 149,480 vs 2024 (€ -150,479) Favourable step	▲ € 149,480
Equity	€ 200,311 Equity 2022: € 200,311 First fiscal year in the series	€ 87,281 Equity 2023: € 87,281 ▼ 56% vs 2022 (€ 200,311) Unfavourable step	€ -63,198 Equity 2024: € -63,198 ▼ € 150,479 vs 2023 (€ 87,281) Unfavourable step	€ -64,197 Equity 2025: € -64,197 ▼ € 999 vs 2024 (€ -63,198) Unfavourable step	▼ € 999
Total debts	€ 413,201 Total debts 2022: € 413,201 First fiscal year in the series	€ 468,474 Total debts 2023: € 468,474 ▲ 13% vs 2022 (€ 413,201) Unfavourable step	€ 491,786 Total debts 2024: € 491,786 ▲ 5% vs 2023 (€ 468,474) Unfavourable step	€ 420,477 Total debts 2025: € 420,477 ▼ 14% vs 2024 (€ 491,786) Favourable step	▼ 14%
Cash	€ 32,235 Cash 2022: € 32,235 First fiscal year in the series	€ 54,377 Cash 2023: € 54,377 ▲ 69% vs 2022 (€ 32,235) Favourable step	€ 7,241 Cash 2024: € 7,241 ▼ 87% vs 2023 (€ 54,377) Unfavourable step	€ 6,883 Cash 2025: € 6,883 ▼ 5% vs 2024 (€ 7,241) Unfavourable step	▼ 5%
Land & buildings	€ 3,729 Land & buildings 2022: € 3,729 First fiscal year in the series	€ 3,729 Land & buildings 2023: € 3,729 Unchanged (€ 3,729) Unchanged	€ 3,729 Land & buildings 2024: € 3,729 Unchanged (€ 3,729) Unchanged	€ 3,729 Land & buildings 2025: € 3,729 Unchanged (€ 3,729) Unchanged
Retained profit	€ 169,311 Retained profit 2022: € 169,311 First fiscal year in the series	€ 56,281 Retained profit 2023: € 56,281 ▼ 67% vs 2022 (€ 169,311) Unfavourable step	€ -94,198 Retained profit 2024: € -94,198 ▼ € 150,479 vs 2023 (€ 56,281) Unfavourable step	€ -95,197 Retained profit 2025: € -95,197 ▼ € 999 vs 2024 (€ -94,198) Unfavourable step	▼ € 999
Bank debt	€ 113,048 Bank debt 2022: € 113,048 First fiscal year in the series	€ 129,254 Bank debt 2023: € 129,254 ▲ 14% vs 2022 (€ 113,048) Unfavourable step	€ 139,903 Bank debt 2024: € 139,903 ▲ 8% vs 2023 (€ 129,254) Unfavourable step	€ 68,345 Bank debt 2025: € 68,345 ▼ 51% vs 2024 (€ 139,903) Favourable step	▼ 51%
Balance sheet total	€ 613,512 Balance sheet total 2022: € 613,512 First fiscal year in the series	€ 555,756 Balance sheet total 2023: € 555,756 ▼ 9% vs 2022 (€ 613,512) Unchanged	€ 428,588 Balance sheet total 2024: € 428,588 ▼ 23% vs 2023 (€ 555,756) Unchanged	€ 356,280 Balance sheet total 2025: € 356,280 ▼ 17% vs 2024 (€ 428,588) Unchanged	▼ 17%
Employees (FTE)	2.3 Employees (FTE) 2022: 2.3 First fiscal year in the series	-	-	-

Key figures of FOREST MANAGEMENT, 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 FOREST MANAGEMENT?

What happened at FOREST MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

May 22, 2026 New annual accounts for financial year 2025: loss of € 999. Source: NBB ↗
Dec 4, 2002 New establishment in Manhay. KBO
Dec 29, 1992 New establishment in Dinant. KBO
1992 Benoît BAUDRY became a director. NBB
Dec 17, 1992 Start of the company according to the CBE. KBO

In short

From € 15,836 loss in 2022 to € 999 loss in 2025.

Paid € 2 in corporate taxes since 2022.

On average € 42,800 of value added per employee in 2022.

Original PDFs at the National Bank ↗

Management

Benoît BAUDRY

FOREST MANAGEMENT

Behind FOREST MANAGEMENT is Benoît BAUDRY.

Directors

According to the 2025 annual accounts

Benoît BAUDRY

Manager

since 1992

Establishments

Establishment units

Physical locations of this company

Registered office

Rue du Trésor, Freyneux 13

6960 Manhay

2.060.023.741

Rue de Sologne 2

5500 Dinant

Active since 29 December 1992

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0448.843.546

VAT number

BE 0448.843.546

Registered office

Rue du Trésor, Freyneux 13, 6960 Manhay

Names & denominations

FOREST MANAGEMENT

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

17 December 1992

Peppol

Active · Active since 8 Jul 2025

Activities · NACE

Exploitatie van bossen

Bosexploitatie

View on CBE Public ↗ Annual accounts (NBB) ↗

FOREST MANAGEMENT

Warning lights

Financials

What happened to FOREST MANAGEMENT?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions