ACTIVE

AFOREST BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-6,8 k €-178,9 %over 1 year
Gross margin224 k €+39,4 %over 1 year
Equity77,4 k €-8,1 %over 1 year
Workforce2,0 ETP+53,8 %over 1 year

Identity

Source · BCE/KBO

AFOREST BELGIUM is a Private limited company incorporated in 1990. Its main activity is: Management consultancy activities. Its registered office is in Charleroi. It employs on average 2,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0441.533.607
Incorporation
27/09/1990
Legal form
Private limited company
Registered office
Avenue Jean Mermoz 1 box 4
6041 Charleroi · WallonieSee on map
Contributed capital
18 592,01 €
Latest accounts
31/12/2025
Average workforce
2,0 ETP
Signals
Positive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 34 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin224 k €160,7 k €47,7 k €20,8 k €30,6 k €
EBITDA56,4 k €45,8 k €36,6 k €19,9 k €29,8 k €
Operating result21,9 k €11,4 k €18 k €7 k €19,9 k €
Net result-6,8 k €-2,4 k €11,5 k €4,6 k €16,8 k €
Balance sheet
Equity77,4 k €84,2 k €86,7 k €75,1 k €70,6 k €
Total assets391,1 k €426,5 k €386,3 k €480,1 k €375,6 k €
Cash78,3 k €84,1 k €54,4 k €85,4 k €119,4 k €
Debts313,7 k €342,3 k €299,7 k €404,9 k €305 k €
Other
Workforce2,0 ETP1,3 ETP–––

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 8 ended

Active mandates

Martial MUNIER

Director · since 15 octobre 2025

Active

Ended mandates

Eric SMYKOWSKI

Director · since 29 février 2016

Ended
Eric SMYKOWSKI

Manager · since 29 février 2016

Ended
AFOREST

Associate

Represented by Maurice GRUNWALD

Ended
AFOREST FORMATION

Associate

Represented by Jean ARNOULD

Ended

Other companies at this address

Avenue Jean Mermoz 1 6041 Charleroi
CompanyCBE no.
AGRIVAUX● Active
0450.423.260
ARLIMMO● Active
0478.136.457
ASCENCIO● Active
0881.334.476
ASCENCIO MANAGEMENT● Active
0881.160.173
BRICOLAGH● Active
0846.940.850
CMJM Wine● Active
0760.521.669
DREAMT● Active
0785.273.396
DUODEV● Active
0687.986.158
Duodev 2● Active
0785.629.922
DUODEV 3● Active
1011.818.975
Duodev Management● Active
0784.800.769
EQUILIS EUROPE● Active
0687.815.617
FIDAGH● Active
0430.140.659
HOLDBRU● Active
0831.974.938
HOLDMAISY● Active
0831.976.522
HOPINESS● Active
0501.960.251
JEC INVEST● Active
0893.987.038
TEAM SOFIA● Active
0649.807.057
VALOIS● Active
0402.251.773

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/07/202630/07/202530/07/202401/08/202306/07/202201/09/2021
General meeting15/05/202616/05/202517/05/202419/05/202320/05/202221/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 34 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/05/202631/07/2026FrenchPDF
Abridged model31/12/202416/05/202530/07/2025FrenchPDF
Abridged model31/12/202317/05/202430/07/2024FrenchPDF
Micro model31/12/202219/05/202301/08/2023FrenchPDF
Micro model31/12/202120/05/202206/07/2022FrenchPDF
Micro model31/12/202021/05/202101/09/2021FrenchPDF
Micro model31/12/201915/05/202022/10/2020FrenchPDF
Micro model31/12/201817/05/201924/06/2019FrenchPDF
Micro model31/12/201718/05/201821/06/2018FrenchPDF
Micro model31/12/201619/05/201709/06/2017FrenchPDF
Abridged model31/12/201520/05/201631/05/2016FrenchPDF
Abridged model31/12/201415/05/201521/05/2015FrenchPDF
Abridged model31/12/201316/05/201419/05/2014FrenchPDF
Abridged model31/12/201217/05/201307/06/2013FrenchPDF
Abridged model31/12/201118/05/201224/05/2012FrenchPDF
Abridged model31/12/201020/05/201123/05/2011FrenchPDF
Abridged model31/12/200921/05/201022/05/2010FrenchPDF
Abridged model31/12/200815/05/200903/06/2009FrenchPDF
Abridged model31/12/200716/05/200807/08/2008FrenchPDF
Abridged model30/09/200601/02/200716/03/2007FrenchPDF
Abridged model30/09/200518/02/200621/02/2006FrenchPDF
Abridged model30/09/200424/03/200531/03/2005FrenchPDF
Abridged model30/09/200330/03/200431/03/2004FrenchPDF
Abridged model30/09/200228/03/200304/04/2003FrenchPDF
Abridged model30/09/200122/03/200222/05/2002FrenchPDF
Abridged model30/09/200006/03/200112/03/2001FrenchPDF
Abridged model30/09/199924/03/200029/03/2000FrenchPDF
Abridged model30/09/199820/03/199903/06/1999FrenchPDF
Abridged model30/09/199720/03/199803/06/1999FrenchPDF
Abridged model30/09/199621/03/199703/06/1999FrenchPDF
Abridged model30/09/199515/03/199611/04/1996French—
Abridged model30/09/199417/03/199508/02/1996French—
Abridged model30/09/199311/12/199326/10/1994French—
Abridged model30/09/199120/03/199229/01/1993French—

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 8 ended

Active mandates

Martial MUNIER

Director · since 15 octobre 2025

Active

Ended mandates

Eric SMYKOWSKI

Director · since 29 février 2016

Ended
Eric SMYKOWSKI

Manager · since 29 février 2016

Ended
AFOREST

Associate

Represented by Maurice GRUNWALD

Ended
AFOREST FORMATION

Associate

Represented by Jean ARNOULD

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other19/12/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates04/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office24/10/2022
    SIEGE SOCIAL
    PDF
  • Mandates14/03/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Other03/10/2011
    DIVERS
    PDF
  • Registered office06/11/2007
    SIEGE SOCIAL
    PDF
  • Mandates10/07/2006
    SIEGE SOCIAL - DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-6,8 k €↓
  2. 2024
    Annual accounts 2024-2,4 k €↓
  3. 2023
    Annual accounts 202311,5 k €↑
  4. 2022
    Annual accounts 20224,6 k €↓
  5. 2021
    Annual accounts 202116,8 k €↑
  6. 2020
    Annual accounts 2020-24,5 k €↓
  7. 2019
    Annual accounts 201913,6 k €↑
  8. 2018
    Annual accounts 20187,4 k €↑
  9. 2017
    Annual accounts 20177,1 k €↓
  10. 2016
    Annual accounts 201621,4 k €↑
  11. 2015
    Annual accounts 201518,7 k €↑
  12. 2014
    Annual accounts 20144,2 k €↓
  13. 2013
    Annual accounts 201311,7 k €↑
  14. 2012
    Annual accounts 201211,3 k €↑
  15. 2011
    Annual accounts 2011668,7 €↑
  16. 2010
    Annual accounts 2010-34,1 k €↓
  17. 2009
    Annual accounts 2009707,9 €↓
  18. 2008
    Annual accounts 20086,7 k €
  19. 27/09/1990
    IncorporationPrivate limited company