Financials
Financial year 2025
VORST NATIONAAL - FOREST NATIONAL from Gent, company number BE0452271309, closed financial year 2025 with a result of € 878,662 after tax. For that financial year VORST NATIONAAL - FOREST NATIONAL recorded revenue of € 1.6 million and equity of € 14.9 million. Compared with financial year 2024, the result moved from € 1.1 million to € 878,662. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 22, 2026.
€ 14.9 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 878,662
▼ 17% vs 2024
Profit after tax over the fiscal year.
€ 67,238
▲ 41% 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 € 2.2 million.
Debts at end 2025
€ 5.2 million
▼ 11% vs 2024
€ 436,891 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 800,905
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,182
▼ 60% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 979,919 | € 1,728,748 | € 1,570,525 | € 1,584,176 | ▲ 1% |
| Gross margin | € 1,140,913 | € 1,518,061 | € 1,486,151 | € 1,487,555 | |
| Profit after taxes | € 172,464 | € 1,119,410 | € 1,057,703 | € 878,662 | ▼ 17% |
| Equity | € 11,842,753 | € 12,962,163 | € 14,019,866 | € 14,898,528 | ▲ 6% |
| Total debts | € 9,277,817 | € 7,967,321 | € 6,936,342 | € 6,291,996 | ▼ 9% |
| Cash | € 171,053 | € 65,700 | € 47,550 | € 67,238 | ▲ 41% |
| Land & buildings | € 6,041,903 | € 5,892,601 | € 5,877,412 | € 5,862,223 | |
| Retained profit | € -856,848 | € 262,562 | € 1,320,265 | € 2,198,927 | ▲ 67% |
| Bank debt | € 7,644,839 | € 6,751,814 | € 5,856,451 | € 5,221,071 | ▼ 11% |
| Balance sheet total | € 21,120,570 | € 20,929,484 | € 20,956,208 | € 21,190,524 | ▲ 1% |
Key figures of VORST NATIONAAL - FOREST NATIONAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to VORST NATIONAAL - FOREST NATIONAL?
What happened at VORST NATIONAAL - FOREST NATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 878,662 (▼ 17% vs 2024). Source: NBB ↗
- ALPA NV stepped down as director. NBB
- Music Hall Group NV stepped down as director. NBB
- ALPA NV became a director. NBB
- Music Hall Group NV became a director. NBB
- New establishment in Gent. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 172,464 profit in 2022 to € 878,662 profit in 2025.
Paid € 457,651 in corporate taxes since 2022.
Best year ever: 2023, with € 1.1 million profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Music Hall Group NV (100%) and Amélie Allaert (0%). It owns 100% of Stadsschouwburg Antwerpen NV and 100% of Capitole NV itself.
Directors
According to the 2025 annual accounts
Managing director
Owns 80.3% via Music Hall Group NV
Also active at: MUSIC HALL PRODUCTIONS, Music Hall Group, STADSSCHOUWBURG ANTWERPEN NV, CONNECT, CAPITOLE, Musical Rainbows, Music Hall Classics
since 2019 · until 2025
since 2019 · until 2025
Shareholders
Music Hall Group NV · holding of ALPA NV
100%
Amélie Allaert
0%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Graaf van Vlaanderenplein 7
9000 Gent
Graaf van Vlaanderenplein 3
9000 Gent
Active since 14 April 1994
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ALPA same network
€ 101,857 gross margin · 2025
MUSIC HALL PRODUCTIONS same network
€ 93 gross margin · 2025
Music Hall Group same network
€ 180,000 revenue · 2025
STADSSCHOUWBURG ANTWERPEN NV same network
€ 782,780 revenue · 2025
CONNECT same network
€ -9,805 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0452.271.309
- VAT number
- BE 0452.271.309
- Registered office
- Graaf van Vlaanderenplein 7, 9000 Gent
- Names & denominations
- VORST NATIONAAL - FOREST NATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 1994
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Exploitatie van schouwburgen, concertzalen en dergelijke