'T FOREEST
Inactive'T FOREEST was declared bankrupt on 10-01-2023 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed by liquidation by judgment of 22-04-2024, published in the Belgian State Gazette on 26-04-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
90 d late
2019
199 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-48k▲ 29.2%
2020 · €-68k
2019: €-78k
2020: €-68k
2019 → 2021
Total assets
€90k▲ 17.0%
2020 · €77k
2019: €73k
2020: €77k
2019 → 2021
Net result
€20k▲ 96.1%
2020 · €10k
2019: €-103k
2020: €10k
2019 → 2021
Working capital
€-52k▲ 23.8%
2020 · €-69k
2019: €-76k
2020: €-69k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-78k-€-68k▲ 13.0%€-48k▲ 29.2%
Operating result€-90k-€15k€23k▲ 51.8%
Net result€-103k-€10k€20k▲ 96.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 52% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €90k
Fixed assets
€46k ▼ 19.4%
Current assets
€44k ▲ 121%
Key figures and ratios
EBITDA
€35k▲
2020 · €28k
Cash flow
€31k▲
2020 · €22k
Solvency
-53.4%▲
2020 · -88.3%
Current ratio
0.46▲
2020 · 0.23
Quick ratio
0.41▲
2020 · 0.21
Debt to equity
-2.87▼
2020 · -0.77
ROA
22.0%▲
2020 · 13.2%
Interest coverage
9.34
Debt
€138k▼
2020 · €145k
Debt ≤ 1 year
€97k▲
2020 · €89k
Debt > 1 year
€40k▼
2020 · €52k
Staff costs
€75k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 47 lines
Balance sheet
Code20202021
Assets
Total assets20/58€77k€90k▲
Fixed assets21/28€57k€46k▼
Intangible fixed assets21€11k€9k▼
Tangible fixed assets22/27€41k€31k▼
Plant, machinery and equipment23-€4k
Furniture and vehicles24-€3k
Other tangible fixed assets26-€24k
Financial fixed assets28€5k€5k▲
Current assets29/58€20k€44k▲
Stocks and contracts in progress3€1k€4k▲
Stocks30/36-€4k
Amounts receivable within one year40/41€18k€18k▼
Other amounts receivable41-€18k
Cash at bank and in hand54/58€622€20k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€77k€90k▲
Equity10/15€-68k€-48k▲
Contributions10/11-€25k
Profit (loss) carried forward14€-93k€-73k▲
Amounts payable17/49€145k€138k▼
Amounts payable after more than one year17€52k€40k▼
Financial debts170/4-€40k
Amounts payable within one year42/48€89k€97k▲
Current portion of amounts payable after more than one year42-€12k
Financial debts43-€8k
Credit institutions430/8-€8k
Trade debts44€37k€35k▼
Suppliers440/4-€35k
Taxes, remuneration and social security45-€30k
Taxes450/3-€5k
Remuneration and social security454/9-€25k
Other amounts payable47/48-€12k
Accrued charges and deferred income492/3-€1k
Income statement
Code20202021
Remuneration, social security and pensions62-€75k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8-€4k
Gross operating margin9900€86k€114k▲
Operating profit (loss)9901€15k€23k▲
Financial income75/76B-€100
Recurring financial income75€95€100▲
Financial charges65/66B-€4k
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€10k€20k▲
Profit (loss) for the period9904€10k€20k▲
Profit (loss) for the period to be appropriated9905€10k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-73k
Profit (loss) brought forward from the previous period14P-€-93k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
26-04
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Dendermonde · ’T FOREEST BV KASTEELSTRAAT 187, 9255 BUGGENHOUT · event 22-04-2024
2023
16-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · ’T FOREEST BV KASTEEL- STRAAT 187, 9255 BUGGENHOUT · event 10-01-2023
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €20k ▲96.1%
Operating result €23k, net result €20k, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 199 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARGA PIETERS AFFLIGEMDREEF 144, 9300 AALST- |
10-01-2023 → 22-04-2024 |