What does Forum Estates Holding do?

Forum Estates Holding is registered with the CBE as active in: Activiteiten van holdings. Private Limited, started on 19 September 2019, 1 establishment.

What is the address of Forum Estates Holding?

The registered office of Forum Estates Holding is located at Brusselsesteenweg 6, 9050 Gent.

Is Forum Estates Holding still active?

Yes. According to the CBE (16 September 2026) Forum Estates Holding is active, legal situation “Normale toestand”, started on 19 September 2019.

Is Forum Estates Holding registered on Peppol?

Yes, Forum Estates Holding is registered on the Peppol network with ID 0208:0734663449.

What is the enterprise number of Forum Estates Holding?

The enterprise number of Forum Estates Holding is BE0734663449.

When was Forum Estates Holding founded?

Forum Estates Holding was founded on 19 September 2019.

Is Forum Estates Holding a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 19 September 2019; 5 annual accounts filed, latest fiscal year 2025; 9 directors known from the annual account.

How much profit did Forum Estates Holding make in 2025?

Forum Estates Holding recorded a loss after taxes of € 3,407,381 in financial year 2025.

What is the revenue of Forum Estates Holding?

In its most recent annual accounts (2025), Forum Estates Holding reported revenue of € 1,805,847.

How much does an employee at Forum Estates Holding earn?

The average wage cost per full-time employee at Forum Estates Holding was € 69,300 in 2025: staff costs of € 665,499 for 9.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Forum Estates Holding have?

According to the 2025 annual accounts, Forum Estates Holding has 9.6 full-time equivalents (FTE).

Does Forum Estates Holding have a website?

Yes, Forum Estates Holding has a website at forum-estates.be.

Forum Estates Holding (Private Limited) - Gent

Q: Who are the directors of Forum Estates Holding?

According to the 2025 annual accounts, the directors of Forum Estates Holding are: Lauri Samuel Tiensuu, Maxhenges BV, Gaeverland BV, Christina Pia-Lena Olofsson, Cadiz NV, Tom Heeren, S.I.M.C. NV, Studium@Scaldim BV.

Dossier Forum Estates Holding, printed on 16 September 2026 from databakkes.be/en/0734663449/forum-estates-holding. 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.

Tight liquidity NBB

Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

28 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Forum Estates Holding from Gent, company number BE0734663449, closed financial year 2025 with a result of € -3.4 million after tax. For that financial year Forum Estates Holding recorded revenue of € 1.8 million and equity of € 106.8 million. Compared with financial year 2024, the result moved from € 656,096 to € -3.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.

What it is worth Healthy

€ 106.8 million

▼ 3% vs 2024

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

Loss Caution

€ -3.4 million

▼ still € 656,096 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 472,024

▲ 146% 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 € 1.9 million.

People and assets in 2025

Full-time equivalents

9.6

▼ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 6.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 665,499

▼ 22% vs 2024

€ 69,300 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.

Vehicles and equipment

€ 108,863

▼ 45% vs 2024

Of which on lease € 15,276.

Debts at end 2025

Bank debt ≈ 20 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.

€ 101.2 million

▼ 17% vs 2024

€ 5 million is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.

Owed to suppliers

€ 402,004

▼ 37% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 22 days on average.

Taxes and wages

€ 216,746

▼ 63% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 2,380,402 Revenue 2022: € 2,380,402 First fiscal year in the series	€ 2,059,938 Revenue 2023: € 2,059,938 ▼ 13% vs 2022 (€ 2,380,402) Unfavourable step	€ 2,030,861 Revenue 2024: € 2,030,861 ▼ 1% vs 2023 (€ 2,059,938) Unfavourable step	€ 1,805,847 Revenue 2025: € 1,805,847 ▼ 11% vs 2024 (€ 2,030,861) Unfavourable step	▼ 11%
Profit after taxes	€ 1,767,264 Profit after taxes 2022: € 1,767,264 First fiscal year in the series	€ 4,903,503 Profit after taxes 2023: € 4,903,503 ▲ 177% vs 2022 (€ 1,767,264) Favourable step	€ 656,096 Profit after taxes 2024: € 656,096 ▼ 87% vs 2023 (€ 4,903,503) Unfavourable step	€ -3,407,381 Profit after taxes 2025: € -3,407,381 ▼ € 4.1 million vs 2024 (€ 656,096) Unfavourable step	▼ € 4.1 million
Equity	€ 104,653,361 Equity 2022: € 104,653,361 First fiscal year in the series	€ 109,556,864 Equity 2023: € 109,556,864 ▲ 5% vs 2022 (€ 104,653,361) Favourable step	€ 110,212,960 Equity 2024: € 110,212,960 ▲ 1% vs 2023 (€ 109,556,864) Favourable step	€ 106,805,579 Equity 2025: € 106,805,579 ▼ 3% vs 2024 (€ 110,212,960) Unfavourable step	▼ 3%
Total debts	€ 126,478,886 Total debts 2022: € 126,478,886 First fiscal year in the series	€ 129,879,445 Total debts 2023: € 129,879,445 ▲ 3% vs 2022 (€ 126,478,886) Unfavourable step	€ 135,264,989 Total debts 2024: € 135,264,989 ▲ 4% vs 2023 (€ 129,879,445) Unfavourable step	€ 163,632,047 Total debts 2025: € 163,632,047 ▲ 21% vs 2024 (€ 135,264,989) Unfavourable step	▲ 21%
Cash	€ 1,646,993 Cash 2022: € 1,646,993 First fiscal year in the series	€ 382,368 Cash 2023: € 382,368 ▼ 77% vs 2022 (€ 1,646,993) Unfavourable step	€ 191,592 Cash 2024: € 191,592 ▼ 50% vs 2023 (€ 382,368) Unfavourable step	€ 472,024 Cash 2025: € 472,024 ▲ 146% vs 2024 (€ 191,592) Favourable step	▲ 146%
Retained profit	€ -215,811 Retained profit 2022: € -215,811 First fiscal year in the series	€ 4,687,692 Retained profit 2023: € 4,687,692 ▲ € 4.9 million vs 2022 (€ -215,811) Favourable step	€ 5,343,788 Retained profit 2024: € 5,343,788 ▲ 14% vs 2023 (€ 4,687,692) Favourable step	€ 1,936,407 Retained profit 2025: € 1,936,407 ▼ 64% vs 2024 (€ 5,343,788) Unfavourable step	▼ 64%
Bank debt	€ 122,845,444 Bank debt 2022: € 122,845,444 First fiscal year in the series	€ 112,245,383 Bank debt 2023: € 112,245,383 ▼ 9% vs 2022 (€ 122,845,444) Favourable step	€ 122,539,459 Bank debt 2024: € 122,539,459 ▲ 9% vs 2023 (€ 112,245,383) Unfavourable step	€ 101,165,834 Bank debt 2025: € 101,165,834 ▼ 17% vs 2024 (€ 122,539,459) Favourable step	▼ 17%
Balance sheet total	€ 231,132,247 Balance sheet total 2022: € 231,132,247 First fiscal year in the series	€ 239,436,309 Balance sheet total 2023: € 239,436,309 ▲ 4% vs 2022 (€ 231,132,247) Unchanged	€ 245,477,949 Balance sheet total 2024: € 245,477,949 ▲ 3% vs 2023 (€ 239,436,309) Unchanged	€ 270,437,626 Balance sheet total 2025: € 270,437,626 ▲ 10% vs 2024 (€ 245,477,949) Unchanged	▲ 10%
Employees (FTE)	7.9 Employees (FTE) 2022: 7.9 First fiscal year in the series	9.5 Employees (FTE) 2023: 9.5 ▲ 1.6 vs 2022 (7.9) Unchanged	10.2 Employees (FTE) 2024: 10.2 ▲ 0.7 vs 2023 (9.5) Unchanged	9.6 Employees (FTE) 2025: 9.6 ▼ 0.6 vs 2024 (10.2) Unchanged	▼ 0.6

Key figures of Forum Estates Holding, 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 Forum Estates Holding?

What happened at Forum Estates Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 22, 2026 New annual accounts for financial year 2025: loss of € 3.4 million (▼ € 4.1 million vs 2024). Source: NBB ↗
2025 Gaeverland BV became a director. NBB
2025 Lauri Samuel Tiensuu became a director. NBB
2025 Christina Pia-Lena Olofsson became a director. NBB
2025 Cadiz NV stepped down as director. NBB
2025 Tom Heeren stepped down as director. NBB
2025 S.I.M.C. NV stepped down as director. NBB
2025 Studium@Scaldim BV stepped down as director. NBB

In short

From € 1.8 million profit in 2022 to € 3.4 million loss in 2025.

Paid € 2.9 million in corporate taxes since 2022.

Best year ever: 2023, with € 4.9 million profit.

Pays suppliers within 22 days on average.

Original PDFs at the National Bank ↗

A new publication or filing at Forum Estates Holding? We notify you, reason included.

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My folder 3 companies

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%

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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

Real filings at the National Bank

Management

NEXTGEN INVESTMENT GROUP 10%

The stake of NEXTGEN INVESTMENT GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Forum Estates Holding

Forum Estates LUX 100%

ONE+ 100%

Silvast Beheer 100%

Forum Solar 100%

Behind Forum Estates Holding are Lauri Samuel Tiensuu, Maxhenges BV, Gaeverland BV and Christina Pia-Lena Olofsson. The shares are held by NEXTGEN INVESTMENT GROUP (10%). It owns 100% of Forum Estates LUX, 100% of ONE+, 100% of Silvast Beheer, 100% of Forum Solar, 100% of Forum Estates NL and 100% of Forum Estates NL II itself.

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