ACTIVE

VORST NATIONAAL - FOREST NATIONAL

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Financial year 2025 · Closed on 31/07/2025

Net result878,7 k €-16,9 %over 1 year
Revenue1,6 M €+0,9 %over 1 year
Equity14,9 M €+6,3 %over 1 year

Identity

Source · BCE/KBO

VORST NATIONAAL - FOREST NATIONAL is a Public limited company incorporated in 1994. Its main activity is: Operation of arts facilities. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0452.271.309
Incorporation
21/03/1994
Legal form
Public limited company
Registered office
Graaf van Vlaanderenplein 7
9000 Gent · FlandreSee on map
Contributed capital
7 487 361,15 €
Latest accounts
31/07/2025
Joint committees (1)
  • 304
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue1,6 M €1,6 M €1,7 M €979,9 k €842,6 k €
EBITDA1,4 M €1,4 M €1,4 M €1,1 M €177,1 k €
Operating result1,4 M €1,4 M €1,2 M €341,3 k €139,3 k €
Net result878,7 k €1,1 M €1,1 M €172,5 k €31,9 k €
Balance sheet
Equity14,9 M €14 M €13 M €11,8 M €11,7 M €
Total assets21,2 M €21 M €20,9 M €21,1 M €21,8 M €
Cash67,2 k €47,6 k €65,7 k €171,1 k €26,3 k €
Debts6 M €6,7 M €7,7 M €9 M €10,2 M €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/07/2025

2 active · 18 ended

Active mandates

ALPA

Managing director · since 22 novembre 2019 · until 28 novembre 2025 · 0435.494.564

Active
Music Hall Group

Director · since 22 novembre 2019 · until 28 novembre 2025 · 0448.293.616

Active

Ended mandates

Music Hall Group

Director · since 22 novembre 2019 · until 28 novembre 2025 · 0448.293.616

Represented by Amélie Allaert

Ended
ALPA

Managing director · since 16 janvier 2015 · until 22 novembre 2019 · 0435.494.564

Represented by Geert ALLAERT

Ended
Dominiek Allaert

Director · since 16 janvier 2015 · until 16 mai 2018

Ended
Dominiek Allaert

Director · since 16 janvier 2015 · until 22 novembre 2019

Ended

Other companies at this address

Graaf van Vlaanderenplein 7 9000 Gent
CompanyCBE no.
ALPA● Active
0435.494.564
CAPITOLE● Active
0466.183.285
CONNECT● Active
0460.993.191
Music Hall Classics● Active
0671.543.965
Music Hall Group● Active
0448.293.616
MUSIC HALL PRODUCTIONS● Active
0448.248.084
Music Hall TS● Active
0671.543.569
STADSSCHOUWBURG ANTWERPEN NV● Active
0452.719.190

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/08/202401/08/202301/08/202201/08/202101/08/202001/08/2019
Closing of the financial year31/07/202531/07/202431/07/202331/07/202231/07/202131/07/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/01/202628/01/202531/01/202420/01/202323/12/202127/01/2021
General meeting28/11/202522/11/202424/11/202325/11/202226/11/202127/11/2020
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, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/07/202528/11/202522/01/2026DutchPDF
Abridged model31/07/202422/11/202428/01/2025DutchPDF
Abridged model31/07/202324/11/202331/01/2024DutchPDF
Abridged model31/07/202225/11/202220/01/2023DutchPDF
Abridged model31/07/202126/11/202123/12/2021DutchPDF
Full model31/07/202027/11/202027/01/2021DutchPDF
Full model31/07/201922/11/201914/01/2020DutchPDF
Full model31/07/201823/11/201821/12/2018DutchPDF
Full model31/07/201724/11/201709/02/2018DutchPDF
Full model31/07/201625/11/201613/01/2017DutchPDF
Full model31/07/201527/11/201517/12/2015DutchPDF
Full model31/07/201416/01/201512/02/2015DutchPDF
Full model31/07/201331/01/201425/02/2014DutchPDF
Full model31/07/201223/11/201218/01/2013DutchPDF
Full model31/07/201125/11/201120/12/2011DutchPDF
Full model31/07/201026/11/201014/01/2011DutchPDF
Full model31/07/200918/01/201002/02/2010DutchPDF
Full model31/07/200830/01/200924/02/2009DutchPDF
Full model31/07/200723/11/200705/09/2008DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 31/07/2025

2 active · 18 ended

Active mandates

ALPA

Managing director · since 22 novembre 2019 · until 28 novembre 2025 · 0435.494.564

Active
Music Hall Group

Director · since 22 novembre 2019 · until 28 novembre 2025 · 0448.293.616

Active

Ended mandates

Music Hall Group

Director · since 22 novembre 2019 · until 28 novembre 2025 · 0448.293.616

Represented by Amélie Allaert

Ended
ALPA

Managing director · since 16 janvier 2015 · until 22 novembre 2019 · 0435.494.564

Represented by Geert ALLAERT

Ended
Dominiek Allaert

Director · since 16 janvier 2015 · until 16 mai 2018

Ended
Dominiek Allaert

Director · since 16 janvier 2015 · until 22 novembre 2019

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office07/04/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/02/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates13/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/02/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/06/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates08/04/2014
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    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 2025878,7 k €↓
  2. 2024
    Annual accounts 20241,1 M €↓
  3. 2023
    Annual accounts 20231,1 M €↑
  4. 2022
    Annual accounts 2022172,5 k €↑
  5. 2021
    Annual accounts 202131,9 k €↓
  6. 2020
    Annual accounts 2020230,4 k €↑
  7. 2019
    Annual accounts 2019144,6 k €↓
  8. 2018
    Annual accounts 2018496,1 k €↑
  9. 2017
    Annual accounts 2017-2 M €↓
  10. 2016
    Annual accounts 2016862,8 k €↑
  11. 2015
    Annual accounts 2015775,1 k €↑
  12. 2014
    Annual accounts 2014686,3 k €↑
  13. 2013
    Annual accounts 2013-304,8 k €↑
  14. 2012
    Annual accounts 2012-1,5 M €↓
  15. 2011
    Annual accounts 2011340,6 k €↑
  16. 2010
    Annual accounts 2010253,2 k €↑
  17. 2009
    Annual accounts 2009-1,1 M €↓
  18. 2008
    Annual accounts 2008-767,2 k €↓
  19. 2007
    Annual accounts 200721,8 k €
  20. 21/03/1994
    IncorporationPublic limited company