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 3 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AD Forest from Waterloo, company number BE0704657785, closed financial year 2025 with a result of € -54,775 after tax. For that financial year AD Forest recorded a gross margin of € -27,476 and equity of € -158,270. Compared with financial year 2024, the result moved from € -71,174 to € -54,775. 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 July 27, 2026.
€ -158,270
▼ € 54,775 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,775
▲ 23 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -164,470.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,594
▲ 16% vs 2024
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 40,708
▼ 37% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 170,090 | € -222 | € -40,908 | € -27,476 | ▲ € 13,432 |
| Profit after taxes | € 147,135 | € -59,625 | € -71,174 | € -54,775 | ▲ € 16,399 |
| Equity | € 27,305 | € -32,321 | € -103,495 | € -158,270 | ▼ € 54,775 |
| Total debts | € 197,425 | € 159,763 | € 190,478 | € 225,893 | ▲ 19% |
| Cash | € 19,685 | € 2 | € 1 | € 1 | |
| Retained profit | € 21,105 | € -38,521 | € -109,695 | € -164,470 | ▼ € 54,775 |
| Bank debt | € 35,440 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 224,730 | € 127,442 | € 86,983 | € 67,623 | ▼ 22% |
Key figures of AD Forest, 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 AD Forest?
What happened at AD Forest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 54,775. Source: NBB ↗
- New establishment in Lasne. KBO
- Start of the company according to the CBE. KBO
In short
From € 147,135 profit in 2022 to € 54,775 loss in 2025.
Paid € 10,360 in corporate taxes since 2022.
Best year ever: 2022, with € 147,135 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
Behind AD Forest is Albert d'Oultremont.
Directors
According to the 2025 annual accounts
Albert d'Oultremont
Director
Establishments
Establishment units
Physical locations of this company
Avenue des Mésanges 6
1410 Waterloo
Chaussée de Louvain 431E
1380 Lasne
Active since 17 September 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0704.657.785
- VAT number
- BE 0704.657.785
- Registered office
- Avenue des Mésanges 6, 1410 Waterloo
- Names & denominations
- AD Forest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 September 2018
- Peppol
- Active · Active since 18 Mar 2026
- Activities · NACE
Landschapsverzorging
Overige werkzaamheden in verband met de afwerking van gebouwen
Metselwerk
Overige reiniging van gebouwen; industriële reiniging
Algemene bouw van residentiële gebouwen
Overige gespecialiseerde bouwactiviteiten, neg
Uitvoeren van metsel- en voegwerken
Restaureren van bouwwerken
+1