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 30 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Au Grand Forestier from Watermaal-Bosvoorde, company number BE0748722313, closed financial year 2025 with a result of € 491,610 after tax. For that financial year Au Grand Forestier recorded a gross margin of € 2.1 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 537,928 to € 491,610. 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 July 11, 2026.
€ 2 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 491,610
▼ 9% vs 2024
Profit after tax over the fiscal year.
€ 242,954
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
20 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
21.2
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▼ 3% vs 2024
€ 64,300 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.
€ 14,240
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 341,095
▼ 15% vs 2024
€ 116,863 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 324,134
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 352,094
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 41,208 | € 1,063,009 | € 2,160,231 | € 2,080,366 | ▼ 4% |
| Profit after taxes | € -54,445 | € 253,162 | € 537,928 | € 491,610 | ▼ 9% |
| Equity | € -117,648 | € 1,268,092 | € 1,674,245 | € 2,043,208 | ▲ 22% |
| Total debts | € 633,236 | € 1,182,515 | € 1,109,165 | € 1,155,035 | ▲ 4% |
| Cash | € 32,605 | € 549,098 | € 661,656 | € 242,954 | ▼ 63% |
| Retained profit | € -157,774 | € 1,202,361 | € 1,640,290 | € 2,031,899 | ▲ 24% |
| Dividend | € 0 | € 0 | € 100,000 | € 100,000 | |
| Bank debt | € 160,948 | € 482,734 | € 398,963 | € 341,095 | ▼ 15% |
| Balance sheet total | € 515,589 | € 2,450,607 | € 2,783,410 | € 3,198,243 | ▲ 15% |
| Employees (FTE) | - | 26.4 | 20.9 | 21.2 | ▲ 0.3 |
Key figures of Au Grand Forestier, 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 Au Grand Forestier?
What happened at Au Grand Forestier in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 491,610 (▼ 9% vs 2024). Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- LUBA Investment SRL became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Watermaal-Bosvoorde. KBO
In short
From € 54,445 loss in 2022 to € 491,610 profit in 2025.
Paid € 424,964 in corporate taxes since 2022.
Best year ever: 2024, with € 537,928 profit.
On average € 98,100 of value added per employee in 2025.
Management
Behind Au Grand Forestier is LUBA Investment SRL. LUBA Investment SRL is also behind ALF INVEST, SAVOY and AU CLARIDGE.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Woudmeesterlaan 3
1170 Watermaal-Bosvoorde
Woudmeesterlaan 2
1170 Watermaal-Bosvoorde
Active since 2 November 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Albert Jean Adrien NIELS(oprichter) 50%
- Frédéric Albert André NIELS(oprichter) 50%
Details
- Company number
- 0748.722.313
- VAT number
- BE 0748.722.313
- Registered office
- Woudmeesterlaan 3, 1170 Watermaal-Bosvoorde
- Names & denominations
- Au Grand Forestier
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 2020
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Catering van evenementen
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