WeForest
ActiveWeForest has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €-428k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 12% of 494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency24▼-2
Growth67▲+14
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.22 against 1.24 in 2024), and 88.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.7%
Return on assets
-4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192122232425
2018 to 2025 · latest year -€428k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 494 sector peers (2025).
NBB · sector comparisonPosition among 494 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
35 d early
2022
32 d early
2021
47 d early
2020
1 d early
2019
41 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.29M▲ 109%
2024 · €3.01M
2018: €2.20M
2019: €3.14M
2021: €5.40M
2022: €4.86M
2023: €5.09M
2024: €3.01M
2018 → 2025
EBIT margin
-2.7%▲ 11.7pp
2024 · -14.4%
2018: 16.8%
2019: 19.1%
2021: -0.4%
2022: -6.5%
2023: -6.4%
2024: -14.4%
2018 → 2025
Net result
€-428k▼ 6.7%
2024 · €-401k
2018: €360k
2019: €581k
2021: €-12k
2022: €-362k
2023: €-363k
2024: €-401k
2018 → 2025
Working capital
€1.91M▼ 19.7%
2024 · €2.38M
2018: €900k
2019: €1.59M
2021: €3.10M
2022: €2.89M
2023: €2.66M
2024: €2.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.40M-€4.86M▼ 10.2%€5.09M▲ 4.8%€3.01M▼ 40.9%€6.29M▲ 109%
Equity€2.82M-€2.46M▼ 12.8%€2.09M▼ 14.8%€1.69M▼ 19.1%€1.27M▼ 25.2%
Operating result€-20k-€-318k▼ 1,499%€-327k▼ 3.1%€-434k▼ 32.5%€-171k▲ 60.5%
Net result€-12k-€-362k▼ 2,857%€-363k▼ 0.1%€-401k▼ 10.6%€-428k▼ 6.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €171k in 2025 against €434k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.78M
Fixed assets
€83k▲ 49.4%
Current assets
€10.70M▼ 12.4%
Equity and liabilities €10.78M
Equity
€1.27M▼ 25.2%
Provisions
€729k▼ 1.8%
Debt
€8.79M▼ 10.6%
The debt ratio rises from 80.2% to 81.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-140k▲
2024 · €-368k
Cash flow
€-397k▼
2024 · €-335k
Solvency
11.7%▼
2024 · 13.8%
Current ratio
1.22▼
2024 · 1.24
Quick ratio
0.70▼
2024 · 0.79
Debt / equity
6.94▲
2024 · 5.81
ROE
-33.8%▼
2024 · -23.7%
ROA
-4.0%▼
2024 · -3.3%
Interest coverage
-0.49▲
2024 · -17.35
Debt
€8.79M▼
2024 · €9.84M
Debt ≤ 1 year
€8.79M▼
2024 · €9.83M
Staff costs
€1.46M▲
2024 · €1.19M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€12.27M€10.78M▼
Fixed assets21/28€56k€83k▲
Tangible fixed assets22/27€51k€78k▲
Plant, machinery and equipment23€4k€11k▲
Furniture and vehicles24€47k€67k▲
Financial fixed assets28€5k€5k=
Current assets29/58€12.22M€10.70M▼
Stocks and contracts in progress3€4.41M€4.56M▲
Stocks30/36€4.41M€4.56M▲
Amounts receivable within one year40/41€1.80M€723k▼
Trade receivables40€1.74M€669k▼
Other amounts receivable41€63k€54k▼
Cash at bank and in hand54/58€5.03M€4.78M▼
Deferred charges and accrued income490/1€972k€635k▼
Equity and liabilities
Total equity and liabilities10/49€12.27M€10.78M▼
Equity10/15€1.69M€1.27M▼
Reserves13€202k€202k=
Profit (loss) carried forward14€1.49M€1.06M▼
Provisions and deferred taxes16€742k€729k▼
Provisions for liabilities and charges160/5€742k€729k▼
Pensions and similar obligations160-€53k
Other liabilities and charges164/5€742k€676k▼
Amounts payable17/49€9.84M€8.79M▼
Amounts payable within one year42/48€9.83M€8.79M▼
Trade debts44€401k€763k▲
Suppliers440/4€401k€763k▲
Advances received on contracts in progress46€9.28M€7.86M▼
Taxes, remuneration and social security45€153k€169k▲
Taxes450/3€26k€12k▼
Remuneration and social security454/9€127k€157k▲
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20242025
Turnover70€3.01M€6.29M▲
Goods, raw materials, services and sundry goods60/61€4.25M€6.70M▲
Remuneration, social security and pensions62€1.19M€1.46M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€31k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€385k-
Other operating charges640/8€95k€106k▲
Gross operating margin9900€1.37M€1.41M▲
Operating profit (loss)9901€-434k€-171k▲
Financial income75/76B€54k€29k▼
Recurring financial income75€54k€29k▼
Financial charges65/66B€21k€285k▲
Recurring financial charges65€21k€285k▲
Profit (loss) for the period before taxes9903€-401k€-428k▼
Profit (loss) for the period9904€-401k€-428k▼
Profit (loss) for the period to be appropriated9905€-401k€-428k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.49M€1.06M▼
Profit (loss) brought forward from the previous period14P€1.89M€1.49M▼
Social balance
Average headcount (FTE)908711.713.2▲
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-428k
Net result drops to €-428k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.82M ▲95.6%
Equity rises from €1.44M to €2.82M.
10-08
State Gazette act
General meeting · Approval
Director discharge · Director resignation
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €581k ▲61.6%
Operating result €601k, net result €581k, both a record.
31-12
Financial
Equity above €1MEq €1.44M ▲67.6%
2 profitable years in a row build equity to €1.44M.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 directors, no change since 2025
Laurent Duriaux
CurrentAdministrateur conseiller · since 13-03-2024
Helena Michielsen
CurrentAdministrateur trésorier · since 30-06-2022
Louise Quy
CurrentAdministrateur conseiller · since 30-06-2022
Olivier Lefebvre
CurrentAdministrateur conseiller · since 30-06-2022
Soumaya Graine
CurrentAdministrateur conseiller · since 30-06-2022
Laurent Durieux
CurrentDirector · since 15-10-2020
+ 7 not shown in this overview
15-07-2025
Kanzan: Resigned as Director
13-03-2024
Laurent Duriaux: Appointed as Administrateur conseiller
13-03-2024
Bill Liao: Appointed as Administrateur président
13-03-2024
Marie-Noëlle Keijzer: Appointed as Administrateur vice présidente et déléguée à la gestion journalière
13-03-2024
Margot Brughmans: Resigned as Membre adhérant
30-06-2022
Helena Michielsen: Appointed as Administrateur trésorier
30-06-2022
Louise Quy: Appointed as Administrateur conseiller
30-06-2022
Olivier Lefebvre: Appointed as Administrateur conseiller
30-06-2022
Soumaya Graine: Appointed as Administrateur conseiller
30-06-2022
Leyssens Astrid: Resigned as Director
13-10-2021
Vets Jan: Resigned as Director
13-10-2021
De Fauw Tom: Resigned as Director
13-10-2021
De Fauw Tom: Resigned as Treasurer
03-05-2021
Marie-Noëlle Keijzer: Appointed as Daily management delegate
15-10-2020
Laurent Durieux: Appointed as Director
15-10-2020
Bill Liao: Appointed as Director
15-10-2020
Leyssens Astrid: Appointed as Director
15-10-2020
Vets Jan: Appointed as Director
15-10-2020
De Fauw Tom: Appointed as Director
15-10-2020
Kanzan: Appointed as Director
06-09-2017
Bill Liao: Appointed as Administrateur président
06-09-2017
Leyssens Astrid: Appointed as Administrateur conseiller
06-09-2017
Vets Jan: Appointed as Administrateur conseiller
06-09-2017
De Fauw Tom: Appointed as Administrateur trésorier
+ 12 not shown in this overview
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2012
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.
Kantersteen 471000 BrusselGround area
6,828 m²
Building footprint
7,874 m²
Volume, LiDAR
179,427 m³
Parcel 21804D0900/00E002, Brussels · tallest building 44.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
WeForest
since 20122.212.578.710
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
ZuidtrAnt-W
BE 0736.541.586
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REGIONAAL LANDSCHAP HASPENGOUW EN VOEREN
BE 0471.371.597
Hasselt · Eq €1.24M
FEDERATION DES ASSOCIATIONS DE CHASSE ET CONSERVATION DE LA FAUNE SAUVAGE DE L'UNION EUROPEENNE
BE 0418.672.289
Brussel · Eq €1.22M
3Wplus
BE 0825.826.821
Asse · Eq €1.20M
Of 485 companies in sector 94994 we hold annual accounts for 138. 95 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded26-05-2010
Fiscal year end31-12
Abbreviation NL
WF
Activities, NACEBEL
94994Activities of membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.