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 47 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 17.5 to 11.2.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
FORREZ INTERNATIONAL from Ieper, company number BE0811370455, closed financial year 2025 with a result of € 406,585 after tax. For that financial year FORREZ INTERNATIONAL recorded revenue of € 59.7 million and equity of € 5.2 million. Compared with financial year 2024, the result moved from € 371,241 to € 406,585. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 10, 2025.
€ 5.2 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 406,585
▲ 10% vs 2024
Profit after tax over the fiscal year.
€ 548,618
▲ 71% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
11.2
▼ 3.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 692,544
▼ 29% vs 2024
€ 61,800 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.
€ 142,632
▲ 104% vs 2024
Of which on lease € 115,906.
Debts at end 2025
€ 5.8 million
€ 72,716 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5.5 million
▼ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 280,171
▲ 44% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 73,103,836 | € 67,373,812 | € 58,559,003 | € 59,669,420 | ▲ 2% |
| Profit after taxes | € 1,868,077 | € 2,078,455 | € 371,241 | € 406,585 | ▲ 10% |
| Equity | € 3,695,350 | € 5,232,143 | € 5,303,384 | € 5,209,968 | ▼ 2% |
| Total debts | € 20,354,638 | € 15,699,414 | € 15,245,490 | € 15,695,106 | ▲ 3% |
| Cash | € 837,111 | € 668,124 | € 320,917 | € 548,618 | ▲ 71% |
| Retained profit | € 3,633,350 | € 5,160,843 | € 5,232,084 | € 5,138,668 | ▼ 2% |
| Dividend | € 698,196 | € 600,000 | € 300,000 | € 500,000 | ▲ 67% |
| Bank debt | € 4,050,000 | € 5,434,688 | € 5,786,242 | € 5,812,821 | |
| Balance sheet total | € 24,049,989 | € 20,931,557 | € 20,548,874 | € 20,905,074 | ▲ 2% |
| Employees (FTE) | 17.3 | 17.5 | 15.1 | 11.2 | ▼ 3.9 |
Key figures of FORREZ INTERNATIONAL, 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 October 2026.
What happened to FORREZ INTERNATIONAL?
What happened at FORREZ INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Muno BV stepped down as director. NBB
- Wevano BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 406,585 (▲ 10% vs 2024). Source: NBB ↗
- Muno BV became a director. NBB
- Wevano BV became a director. NBB
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.9 million profit in 2022 to € 406,585 profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.1 million profit.
Paid out € 2.1 million in dividends to the owners in total.
A new publication or filing at FORREZ INTERNATIONAL? 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 BENVELC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FORREZ INTERNATIONALThe shares are held by BENVELC (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Marie Christine Forrez
Also active at: FORREZ BANDEN - FORREZ PNEUS, FORRIM, BENVELC, FORREZ BANDENSERVICE, PNEUS FORREZ, X PNEUS, FORREZ VLAANDEREN, FORREZ WALLONIE +1 more
since 2021 · until 2026
Managing director · represented by Geert MERTENS
Also active at: FORREZ BANDEN - FORREZ PNEUS, FORRIM, BENVELC, FORREZ BANDENSERVICE, PNEUS FORREZ, X PNEUS, FORREZ VLAANDEREN, FORREZ WALLONIE +1 more
since 2021 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Krispijnstraat 2
8900 Ieper
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
- 0811.370.455
- VAT number
- BE 0811.370.455
- Registered office
- Sint-Krispijnstraat 2, 8900 Ieper
- Names & denominations
- FORREZ INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2009
- Peppol
- Active · Active since 16 Sept 2025
- Activities · NACE
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