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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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
TROPICAL FOREST INVESTMENT from Vorst, company number BE0641690038, closed financial year 2025 with a result of € 4.5 million after tax. For that financial year TROPICAL FOREST INVESTMENT recorded a gross margin of € -38,181 and equity of € 26.4 million. Compared with financial year 2024, the result moved from € 2.9 million to € 4.5 million. Profitable, and profit is growing. 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 August 31, 2026.
€ 26.4 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.5 million
▲ 57% vs 2024
Profit after tax over the fiscal year.
€ 26,237
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.1 million paid out
92 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 23,100
▲ € 22,530 vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,555,701 | € -11,295 | € -10,447 | € -38,181 | ▼ € 27,734 |
| Profit after taxes | € 14,768,490 | € 586,821 | € 2,855,904 | € 4,473,327 | ▲ 57% |
| Equity | € 24,881,510 | € 23,198,331 | € 26,054,235 | € 26,427,561 | ▲ 1% |
| Total debts | € 16,491 | € 2,292,097 | € 21,995 | € 64,584 | ▲ 194% |
| Cash | € 31,327 | € 1 | € 24,523 | € 26,237 | ▲ 7% |
| Retained profit | € 14,662,910 | € 12,979,731 | € 15,835,635 | € 16,208,961 | ▲ 2% |
| Dividend | € 0 | € 2,270,000 | € 0 | € 4,100,000 | |
| Bank debt | € 0 | € 309 | € 0 | € 0 | |
| Balance sheet total | € 24,898,001 | € 25,490,428 | € 26,076,230 | € 26,492,145 | ▲ 2% |
Key figures of TROPICAL FOREST INVESTMENT, 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 TROPICAL FOREST INVESTMENT?
What happened at TROPICAL FOREST INVESTMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4.5 million (▲ 57% vs 2024). filed late Source: NBB ↗
- . Fenart Guillaume became a director. NBB
- Thierry Hermans became a director. NBB
- Hubert Fenart became a director. NBB
- Guillaume Fenart became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 14.8 million profit in 2022 to € 4.5 million profit in 2025.
Best year ever: 2022, with € 14.8 million profit.
Paid out € 6.4 million in dividends to the owners in total.
A new publication or filing at TROPICAL FOREST INVESTMENT? We notify you, reason included.
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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
Behind TROPICAL FOREST INVESTMENT are Thierry Hermans, Hubert Fenart, Guillaume Fenart and . Fenart Guillaume. It owns 51% of GLOBAL FORESTRY DEVELOPMENT itself.
Directors
According to the 2025 annual accounts
Thierry Hermans
Director
Also active at: BELLO, BELCO BUSINESS CENTER AND FACILITIES, IMMO CONCORDE, CORPORATE FAMILY OFFICE BELGIUM, J.V. BELGIUM, RUTLAND INVESTMENT, KADI FINANCE
since 2020
Hubert Fenart
Director
since 2020
Guillaume Fenart
Director
since 2020
. Fenart Guillaume
Managing director
since 2022
Establishments
Establishment units
Physical locations of this company
Brugmannlaan 147
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →BELLO same network
€ -1,805 gross margin · 2025
BELCO BUSINESS CENTER AND FACILITIES same network
€ 593,562 gross margin · 2024
IMMO CONCORDE same network
€ 8,504 gross margin · 2025
RICHELLE SERVICES
€ 20,092 gross margin · 2025
CORPORATE FAMILY OFFICE INTERNATIONAL
€ -124 gross margin · 2025
+14 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
- 0641.690.038
- VAT number
- BE 0641.690.038
- Registered office
- Brugmannlaan 147, 1190 Vorst
- Names & denominations
- TROPICAL FOREST INVESTMENT · TFI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 2015
- Peppol
- Not registered