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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Shrinking team NBB
FTE fell two years in a row, from 3.8 to 1.7.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FORESTCAPE from Watermaal-Bosvoorde, company number BE0806536192, closed financial year 2025 with a result of € -70,583 after tax. For that financial year FORESTCAPE recorded a gross margin of € 151,543 and equity of € 69,061. Compared with financial year 2024, the result moved from € -7,248 to € -70,583. The company made a loss. The buffer shrank hard: equity is 51 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 69,061
▼ 51% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70,583
▼ 874 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10,925
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -30,939.
People and assets in 2025
1.7
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 192,650
▼ 45% vs 2024
€ 113,300 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.
€ 34,228
▼ 38% 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.
€ 25,535
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,827
▼ 46% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 407,921 | € 469,184 | € 363,152 | € 151,543 | ▼ 58% |
| Profit after taxes | € -15,923 | € 35,367 | € -7,248 | € -70,583 | ▼ € 63,335 |
| Equity | € 111,526 | € 146,893 | € 139,644 | € 69,061 | ▼ 51% |
| Total debts | € 547,676 | € 1,059,503 | € 1,834,372 | € 583,277 | ▼ 68% |
| Cash | € 7,964 | € 12,915 | € 211,557 | € 10,925 | ▼ 95% |
| Retained profit | € 11,526 | € 46,893 | € 39,644 | € -30,939 | ▼ € 70,583 |
| Balance sheet total | € 659,202 | € 1,206,396 | € 1,974,017 | € 652,339 | ▼ 67% |
| Employees (FTE) | 4.5 | 3.8 | 3.4 | 1.7 | ▼ 1.7 |
Key figures of FORESTCAPE, 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 FORESTCAPE?
What happened at FORESTCAPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 70,583. filed late Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,923 loss in 2022 to € 70,583 loss in 2025.
Paid € 10,297 in corporate taxes since 2022.
Best year ever: 2023, with € 35,367 profit.
On average € 89,100 of value added per employee in 2025.
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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
Establishments
Establishment units
Physical locations of this company
Tumulidreef 21
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Société financière et industrielle pour la Fabrication de l'Acide carbonique pur et autres Produits alimentaires: L'Acide carbonique pur
WORDEN
€ -7,122 gross margin · 2025
CHEMICAL GASPRODUCTS AND SERVICES
€ -7,348 gross margin · 2025
DELEF
€ -133,963 gross margin · 2025
Compagnie Internationale d'Investissement dans les Infusions
€ -7,348 gross margin · 2025
+8 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
- 0806.536.192
- VAT number
- BE 0806.536.192
- Registered office
- Tumulidreef 21, 1170 Watermaal-Bosvoorde
- Names & denominations
- FORESTCAPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 September 2008
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Exploitatie van bossen
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Verzamelen van in het wild groeiende producten met uitzondering van hout
Verhuur en exploitatie van terreinen