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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
LE FORGERON from Brugge, company number BE1003477470, closed financial year 2025 with a result of € -9,682 after tax. For that financial year LE FORGERON recorded a gross margin of € -9,713 and equity of € 28,830. Compared with financial year 2024, the result moved from € -11,488 to € -9,682. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 28,830
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,682
▲ 16 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1
▼ € 34,699 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -21,170.
Debts at end 2025
€ 364,000
Loans from banks and other lenders, long and short.
€ 35,062
Supplier invoices still open on the last day of the fiscal year.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -10,505 | € -9,713 | ▲ € 791 |
| Profit after taxes | € -11,488 | € -9,682 | ▲ € 1,806 |
| Equity | € 38,512 | € 28,830 | ▼ 25% |
| Total debts | € 115,529 | € 716,285 | ▲ € 600,757 |
| Cash | € 34,700 | € 1 | ▼ € 34,699 |
| Retained profit | € -11,488 | € -21,170 | ▼ € 9,682 |
| Bank debt | € 0 | € 364,000 | |
| Balance sheet total | € 154,041 | € 745,115 | ▲ € 591,075 |
Key figures of LE FORGERON, fiscal years 2024 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 LE FORGERON?
What happened at LE FORGERON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,682. Source: NBB ↗
- Irmaos Invest BV became a director. NBB
- New establishment in Brugge. KBO
- Raven De Nolf became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 11,488 loss in 2024 to € 9,682 loss in 2025.
Management
The stake of Borgerhoff & Lamberigts Invest, Irmaos Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
LE FORGERONBehind LE FORGERON are Raven De Nolf and Irmaos Invest BV. The shares are held by Borgerhoff & Lamberigts Invest (50%) and Irmaos Invest (50%).
Directors
According to the 2025 annual accounts
Raven De Nolf
Director
Also active at: Zenbuilt, ZENHOMES, THE LANE BRUGES, VIADUKE RESIDENCES, RAMA REAL
since 2023
since 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lauwerstraat 19
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →B.S.H.
POP INVESTMENT ASSOCIATES
ACBM
Bourgade
€ 128,502 gross margin · 2025
THE LANE BRUGES same network
€ -61,876 gross margin · 2025
+1 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
- 1003.477.470
- VAT number
- BE 1003.477.470
- Registered office
- Lauwerstraat 19, 8000 Brugge
- Names & denominations
- LE FORGERON
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2023
- Peppol
- Active · Active since 14 Oct 2024