Financials
Financial year 2025
FOREST AVENUE & C° from Wevelgem, company number BE0878290854, closed financial year 2025 with a result of € 2,486 after tax. For that financial year FOREST AVENUE & C° recorded a gross margin of € 464,203 and equity of € 256,601. Compared with financial year 2024, the result moved from € -161,433 to € 2,486. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 256,601
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today. At incorporation the founders contributed € 31,500 in kind: shares or other assets, valued in the deed.
€ 2,486
▲ still € 161,433 loss in 2024
Profit after tax over the fiscal year.
€ 19,373
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 156,601.
People and assets in 2025
4.2
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 297,243
▼ 38% vs 2024
€ 70,800 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.
€ 3,303
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 569,145
▼ 5% vs 2024
€ 63,355 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 354,894
Supplier invoices still open on the last day of the fiscal year.
€ 14,293
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 406,127 | € 367,104 | € 661,092 | € 464,203 | ▼ 30% |
| Profit after taxes | € 18,786 | € 17,996 | € -161,433 | € 2,486 | ▲ € 163,919 |
| Equity | € 397,552 | € 415,549 | € 254,115 | € 256,601 | ▲ 1% |
| Total debts | € 660,877 | € 913,220 | € 994,400 | € 1,000,093 | ▲ 1% |
| Cash | € 94,776 | € 67,239 | € 31,097 | € 19,373 | ▼ 38% |
| Retained profit | € 297,552 | € 315,549 | € 154,115 | € 156,601 | ▲ 2% |
| Bank debt | € 289,157 | € 373,160 | € 601,181 | € 569,145 | ▼ 5% |
| Balance sheet total | € 1,058,429 | € 1,328,769 | € 1,248,515 | € 1,256,694 | ▲ 1% |
| Employees (FTE) | 6.6 | 4.4 | 4.9 | 4.2 | ▼ 0.7 |
Key figures of FOREST AVENUE & C°, 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.
Ask about FOREST AVENUE & C° the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
Connect ChatGPT or Claude for free- ChatGPT
- Claude
Free account, no payment card. Key figures unlimited, the annual accounts and deeds of 10 companies a month. Need more? Get in touch, we are looking for our first pilot users.
What happened to FOREST AVENUE & C°?
What happened at FOREST AVENUE & C° in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,486. Source: NBB ↗
- Forest Avenue Group BV became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Wevelgem. KBO
In short
From € 18,786 profit in 2022 to € 2,486 profit in 2025.
Paid € 251,413 in corporate taxes since 2022.
Best year ever: 2022, with € 18,786 profit.
On average € 110,500 of value added per employee in 2025.
Management
The stake of FOREST AVENUE GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FOREST AVENUE & C°Behind FOREST AVENUE & C° is Forest Avenue Group BV. The shares are held by FOREST AVENUE GROUP (99%).
Directors
According to the 2025 annual accounts
Managing director · represented by Raphael Hermans
since 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vlamingstraat 27
8560 Wevelgem
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.
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 ↗- HERMANS-VEREECKE V.O.F.(oprichter) 50%
- DESIMPEL Sabine Jozefa Michaëla(oprichter) 50%
Details
- Company number
- 0878.290.854
- VAT number
- BE 0878.290.854
- Registered office
- Vlamingstraat 27, 8560 Wevelgem
- Names & denominations
- FOREST AVENUE & C°
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2005
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Overige gespecialiseerde bouwactiviteiten, neg
Groothandel in hout
Overige gespecialiseerde bouwwerkzaamheden
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren
Vervaardiging van andere meubelen, neg
Handelsbemiddeling in hout en bouwmaterialen
Handelsbemiddeling in meubels, huishoudelijke artikelen en ijzerwaren
+1