NORMAL SITUATION

Green Forest

Company — Normal situation.

Financial year 2022 · Closed on 31/12/2022

Net result2,2 M €-30,0 %over 1 year
Revenue4,9 M €+9,6 %over 1 year
Equity17,5 M €-70,8 %over 1 year
Workforce19,8 ETP+13,8 %over 1 year

Identity

Source · BCE/KBO

Green Forest is a company registered in Belgium. It employs on average 19,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0565.970.848
Legal form
Public limited company
Contributed capital
13 200 000,00 €
Latest accounts
31/12/2022
Average workforce
19,8 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 8 filings

Trend over 8 financial years

20222021202020192018
Income statement
Revenue4,9 M €4,5 M €4 M €2,4 M €5,2 M €
EBITDA1,8 M €1,9 M €1,8 M €142,2 k €3,5 M €
Operating result1,8 M €1,8 M €1,8 M €104,3 k €3,4 M €
Net result2,2 M €3,2 M €3,1 M €41,6 M €1,9 M €
Balance sheet
Equity17,5 M €59,9 M €56,7 M €53,6 M €11,9 M €
Total assets84,1 M €83,1 M €83,9 M €81,1 M €40,9 M €
Cash231,8 k €425,8 k €533 k €7,8 k €436,4 k €
Debts66,6 M €23,2 M €27,2 M €27,5 M €28,8 M €
Other
Workforce19,8 ETP17,4 ETP13,8 ETP14,6 ETP13,5 ETP

Board of directors

Source · NBB, accounts to 31/12/2022

2 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Trustteam Group0787.918.132Represented by Pieter Spiesschaert
Director01/01/2023 → 07/06/2024
T.T. HOLDINGS0712.691.464Represented by Stijn Vandeputte
Director31/10/2018 → 07/06/2024

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
TRUSTTEAM0477.005.418Represented by Pieter Spiesschaert
Director01/10/2019 → 2021 accounts
GREEN LEAF NV0840.125.314Represented by Pieter Spiesschaert
Director31/10/2018 → 2019 accounts
Achares NV0883.553.697Represented by Philip Cracco
Director13/11/2014 → 2015 accounts

Full financial information

Source · NBB
202220212020201920182017
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202201/01/202101/01/202001/01/201901/01/201801/01/2017
Closing of the financial year31/12/202231/12/202131/12/202031/12/201931/12/201831/12/2017
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202324/06/202203/07/202109/07/202003/07/201922/06/2018
General meeting02/06/202303/06/202204/06/202105/06/202007/06/201901/06/2018
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, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202202/06/202329/06/2023DutchPDF
Full model31/12/202103/06/202224/06/2022DutchPDF
Full model31/12/202004/06/202103/07/2021DutchPDF
Full model31/12/201905/06/202009/07/2020DutchPDF
Full model31/12/201807/06/201903/07/2019DutchPDF
Full model31/12/201701/06/201822/06/2018DutchPDF
Full model31/12/201602/06/201729/08/2017DutchPDF
Full model31/12/201503/06/201625/08/2016DutchPDF

Indicative valuation

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.

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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 31/12/2022

2 active · 6 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Trustteam Group0787.918.132Represented by Pieter Spiesschaert
Director01/01/2023 → 07/06/2024
T.T. HOLDINGS0712.691.464Represented by Stijn Vandeputte
Director31/10/2018 → 07/06/2024

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
TRUSTTEAM0477.005.418Represented by Pieter Spiesschaert
Director01/10/2019 → 2021 accounts
GREEN LEAF NV0840.125.314Represented by Pieter Spiesschaert
Director31/10/2018 → 2019 accounts
Achares NV0883.553.697Represented by Philip Cracco
Director13/11/2014 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Dissolution26/04/2024
    Ontbinding ingevolge met fusie door overneming gelijkgestelde verrichting
    PDF
  • Restructuring31/10/2023
    NEERLEGGING FUSIEVOORSTEL
    PDF
  • Mandates18/01/2023
    WIJZIGING VASTE VERTEGENWOORDIGER - ONTSLAG EN BENOEMING
    PDF
  • Mandates09/12/2022
    BENOEMING COMMISSARIS
    PDF
  • Mandates31/10/2019
    Ontslag en Benoeming Bestuurder ;
    PDF
  • Mandates12/03/2019
    Ontslag - Benoemingen ;
    PDF
  • Other22/11/2018
    Neerlegging van besluit in overeenstemming met artikel 556 W. Venn. -
    PDF
  • Mandates20/11/2018
    HERZIENING VAN DE STATUTEN-ONTSLAG EN BENOEMING VAN
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Name
Registered office
Annual accounts
Filings8 filings
Mandates
Trustteam Group
T.T. HOLDINGS
TRUSTTEAM
GREEN LEAF NV
Achares NV
Axel Bernia
Eric Aveillan
Stijn Vandeputte
2014201520162017201820192020202120222023202420252026
GREEN FOREST
De Meeûssquare 35, 1000 Brussels
Director
Director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
De Meeûssquare 35, 1000 Brussels
accounts 2021 → 2022
Accounts 2022 · 2023-00184401

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
GREEN FOREST
accounts 2021 → 2022
Accounts 2022 · 2023-00184401

Events

  1. 2022
    Annual accounts 20222,2 M €↓
  2. 2021
    Annual accounts 20213,2 M €↑
  3. 2020
    Annual accounts 20203,1 M €↓
  4. 2019
    Annual accounts 201941,6 M €↑
  5. 2018
    Annual accounts 20181,9 M €↑
  6. 2017
    Annual accounts 20179,8 k €↑
  7. 2016
    Annual accounts 2016-919,2 k €↑
  8. 2015
    Annual accounts 2015-2,2 M €