Financials
Financial year 2026
FORREZ VLAANDEREN from Ieper, company number BE0872175005, closed financial year 2026 with a result of € 14,323 after tax. For that financial year FORREZ VLAANDEREN recorded revenue of € 14.9 million and equity of € 4.4 million. Compared with financial year 2025, the result moved from € 233,987 to € 14,323. 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 October 21, 2026.
€ 4.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,323
▼ 94% vs 2025
Profit after tax over the fiscal year.
€ 231,634
▼ 47% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 4 million.
People and assets in 2026
31.2
▼ 1.4 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 2% vs 2025
€ 70,500 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.
€ 249,706
▲ 75% vs 2025
Of which on lease € 70,890.
Debts at end 2026
€ 2.3 million
▲ 3% vs 2025
€ 92,834 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.6 million
▲ 4% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 46 days on average.
€ 423,166
▼ 1% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 14,967,141 | € 14,415,998 | € 15,371,912 | € 14,865,771 | ▼ 3% |
| Profit after taxes | € 154,826 | € 8,235 | € 233,987 | € 14,323 | ▼ 94% |
| Equity | € 5,363,412 | € 4,371,647 | € 4,430,634 | € 4,444,958 | |
| Total debts | € 3,826,996 | € 4,465,932 | € 5,009,938 | € 5,176,093 | ▲ 3% |
| Cash | € 200,817 | € 199,753 | € 437,618 | € 231,634 | ▼ 47% |
| Land & buildings | € 4,287 | € 14,772 | € 12,987 | € 11,202 | ▼ 14% |
| Retained profit | € 4,898,358 | € 3,906,593 | € 3,965,580 | € 3,979,903 | |
| Dividend | € 0 | € 1,000,000 | € 175,000 | € 0 | ▼ 100% |
| Bank debt | € 1,405,915 | € 1,689,923 | € 2,258,403 | € 2,326,838 | ▲ 3% |
| Balance sheet total | € 9,190,408 | € 8,837,579 | € 9,459,140 | € 9,638,299 | ▲ 2% |
| Employees (FTE) | 31.5 | 32.9 | 32.6 | 31.2 | ▼ 1.4 |
Key figures of FORREZ VLAANDEREN, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to FORREZ VLAANDEREN?
What happened at FORREZ VLAANDEREN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 14,323 (▼ 94% vs 2025). Source: NBB ↗
- Muno BV became a director. NBB
- New establishment in Ingelmunster. KBO
- New establishment in Ieper. KBO
- New establishment in Ieper. KBO
- New establishment in Kuurne. KBO
- New establishment in Diksmuide. KBO
- Start of the company according to the CBE. KBO
In short
From € 154,826 profit in 2023 to € 14,323 profit in 2026.
Paid € 147,902 in corporate taxes since 2023.
Best year ever: 2025, with € 233,987 profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
The stake of FORREZ BANDEN - FORREZ PNEUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FORREZ VLAANDERENBehind FORREZ VLAANDEREN is Muno BV. The shares are held by FORREZ BANDEN - FORREZ PNEUS (100%).
Directors
According to the 2026 annual accounts
Managing director · represented by De Ruijter Michaël Paul
Also active at: FORREZ BANDEN - FORREZ PNEUS, FORRIM, BENVELC, FORREZ BANDENSERVICE, FORREZ INTERNATIONAL, PNEUS FORREZ, X PNEUS, FORREZ WALLONIE +1 more
since 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Maaldestedestraat 51
8902 Ieper
Rozendaalstraat 20
8900 Ieper
Active since 15 March 2005
Ringlaan 17
8520 Kuurne
Active since 15 March 2005
Cardijnlaan(D) 7
8600 Diksmuide
Active since 15 March 2005
Oostrozebekestraat 162
8770 Ingelmunster
Active since 3 October 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0872.175.005
- VAT number
- BE 0872.175.005
- Registered office
- Maaldestedestraat 51, 8902 Ieper
- Names & denominations
- FORREZ VLAANDEREN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2005
- Peppol
- Active · Active since 16 Sept 2025
- Contact
- [email protected]
- Activities · NACE
Detailhandel in onderdelen en accessoires van motorvoertuigen
Kleinhandel in onderdelen en accessoires van auto's
Bandenservicebedrijven
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)