Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Forum Estates LUX from Gent, company number BE0772935689, closed financial year 2025 with a result of € -6,125 after tax. For that financial year Forum Estates LUX recorded a gross margin of € 624,286 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -132,640 to € -6,125. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 1.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,125
▲ 95 % less loss than in 2024
Profit after tax over the fiscal year.
€ 149,545
▲ € 139,824 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -321,622.
Debts at end 2025
€ 6.5 million
Loans from banks and other lenders, long and short.
€ 425,749
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 538,638 | € 574,944 | € 624,286 | ▲ 9% |
| Profit after taxes | € -129,819 | € -132,640 | € -6,125 | ▲ € 126,515 |
| Equity | € 1,817,143 | € 1,684,503 | € 1,678,378 | |
| Total debts | € 8,496,590 | € 8,188,311 | € 7,945,473 | ▼ 3% |
| Cash | € 443,992 | € 9,721 | € 149,545 | ▲ € 139,824 |
| Land & buildings | € 8,560,127 | € 8,252,239 | € 7,944,351 | ▼ 4% |
| Retained profit | € -182,857 | € -315,497 | € -321,622 | ▼ € 6,125 |
| Bank debt | € 6,500,000 | € 6,500,000 | € 6,500,000 | |
| Balance sheet total | € 10,313,733 | € 9,872,814 | € 9,623,851 | ▼ 3% |
Key figures of Forum Estates LUX, fiscal years 2023 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 LUX?
What happened at Forum Estates LUX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lauri Samuel Tiensuu stepped down as director. NBB
- Gaeverland BV stepped down as director. NBB
- Maxhenges BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6,125. Source: NBB ↗
- Gaeverland BV became a director. NBB
- Lauri Samuel Tiensuu became a director. NBB
- Cadiz NV stepped down as director. NBB
- STUDIUM@SCALDIM BV stepped down as director. NBB
In short
From € 129,819 loss in 2023 to € 6,125 loss in 2025.
A new publication or filing at Forum Estates LUX? 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
The stake of Forum Estates Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Forum Estates LUXThe shares are held by Forum Estates Holding (100%).
Directors
According to the 2025 annual accounts
Lauri Samuel Tiensuu
Director
Also active at: Super Invest, IMOTOP, Forum Estates Holding, Forum Solar
since 2025 · until 2031
Director · represented by Elke Krols
Also active at: FASHION CARS, ONE+, IMOTOP, BROOKLYN LOFT, Forum Estates Holding, Forum Solar
since 2021 · until 2028
Managing director · represented by Stefan De Bock
Also active at: FASHION CARS, ONE+, IMOTOP, Adimmo Invest, BROOKLYN LOFT, COBALT BOX, Forum Estates Holding, Cobalt Box Self Storage +2 more
since 2021 · until 2025
Director · represented by Benoit Debruyne
Also active at: Super Invest, IMOTOP, Forum Estates Holding, Forum Solar
since 2025 · until 2031
since 2021 · until 2025
Director · represented by Willem Demonie
since 2021 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 6
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →Super Invest same network
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€ 139,555 gross margin · 2025
FORUM ESTATES
PARC COMMERCIAL ESTAIMPUIS
+23 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
- 0772.935.689
- VAT number
- BE 0772.935.689
- Registered office
- Brusselsesteenweg 6, 9050 Gent
- Names & denominations
- Forum Estates LUX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 August 2021
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis