ACTIVE

TROPICAL FOREST INVESTMENT

Financial year 2025 · Closed on 31/12/2025

Net result4,5 M €+56,6 %over 1 year
Gross margin-38,2 k €-265,5 %over 1 year
Equity26,4 M €+1,4 %over 1 year

Identity

Source · BCE/KBO

TROPICAL FOREST INVESTMENT is a Private limited company incorporated in 2015. Its registered office is in Forest.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0641.690.038
Incorporation
19/10/2015
Legal form
Private limited company
Registered office
Avenue Brugmann 147
1190 Forest · BruxellesSee on map
Contributed capital
10 218 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 11 filings

Trend over 10 financial years

20252024202320222021
Income statement
Gross margin-38,2 k €-10,4 k €-11,3 k €-1,6 M €-10,5 k €
EBITDA-38,8 k €-12,7 k €-11,7 k €-1,6 M €-10,9 k €
Operating result-38,8 k €-12,7 k €-11,7 k €-1,6 M €-10,9 k €
Net result4,5 M €2,9 M €586,8 k €14,8 M €-51,7 k €
Balance sheet
Equity26,4 M €26,1 M €23,2 M €24,9 M €-87 k €
Total assets26,5 M €26,1 M €25,5 M €24,9 M €4,4 M €
Cash26,2 k €24,5 k €1,4 €31,3 k €49,4 €
Debts64,6 k €21,6 k €2,3 M €15,8 k €4,5 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 9 ended

Active mandates

. Fenart Guillaume

Managing director · since 17 juin 2022

Active
Guillaume FENART

Director · since 01 janvier 2020

Active
Hubert Fenart

Director · since 01 janvier 2020

Active
Thierry Hermans

Director · since 01 janvier 2020

Active

Ended mandates

Guillaume Fenart

Managing director · since 17 juin 2022

Ended
Guillaume Fenart

Director · since 16 octobre 2015

Ended
Guillaume Fenart

Manager · since 16 octobre 2015

Ended
Hubert Fenart

Administrator - manager · since 16 octobre 2015

Ended

Other companies at this address

Avenue Brugmann 147 1190 Forest
CompanyCBE no.
0435.817.238
0846.195.435
BELLO● Active
0428.052.585
0647.723.537
0667.925.469
0550.696.219
0475.676.815
DFSJ● Active
0656.515.301
G.A.G● Active
0737.585.426
0525.957.358
IMMO CONCORDE● Active
0438.566.989
J.V. BELGIUM● Active
0821.776.773
KADI FINANCE● Active
0863.586.644
0521.926.217
0888.804.070
0470.293.414
0822.539.907
0632.688.042
VASTA PARTNERS● Active
0628.459.337

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202629/08/202512/11/202431/08/202330/08/202231/08/2021
General meeting11/06/202615/04/202516/04/202418/04/202319/04/202220/04/2021
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, 11 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202631/08/2026FrenchPDF
Abridged model31/12/202415/04/202529/08/2025FrenchPDF
Abridged modelCorrection31/12/202316/04/202412/11/2024FrenchPDF
Abridged model31/12/202316/04/202428/08/2024FrenchPDF
Abridged model31/12/202218/04/202331/08/2023FrenchPDF
Abridged model31/12/202119/04/202230/08/2022FrenchPDF
Abridged model31/12/202020/04/202131/08/2021FrenchPDF
Abridged model31/12/201921/04/202023/12/2020FrenchPDF
Abridged model31/12/201816/04/201930/08/2019FrenchPDF
Micro model31/12/201717/04/201830/08/2018FrenchPDF
Abridged model31/12/201618/04/201730/08/2017FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025

4 active · 9 ended

Active mandates

. Fenart Guillaume

Managing director · since 17 juin 2022

Active
Guillaume FENART

Director · since 01 janvier 2020

Active
Hubert Fenart

Director · since 01 janvier 2020

Active
Thierry Hermans

Director · since 01 janvier 2020

Active

Ended mandates

Guillaume Fenart

Managing director · since 17 juin 2022

Ended
Guillaume Fenart

Director · since 16 octobre 2015

Ended
Guillaume Fenart

Manager · since 16 octobre 2015

Ended
Hubert Fenart

Administrator - manager · since 16 octobre 2015

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates22/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/07/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Other21/10/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 20254,5 M €↑
  2. 2024
    Annual accounts 20242,9 M €↑
  3. 2023
    Annual accounts 2023586,8 k €↓
  4. 2022
    Annual accounts 202214,8 M €↑
  5. 2021
    Annual accounts 2021-51,7 k €↓
  6. 2020
    Annual accounts 2020-12,4 k €↓
  7. 2019
    Annual accounts 2019-11,2 k €↓
  8. 2018
    Annual accounts 2018-9,6 k €↓
  9. 2017
    Annual accounts 2017-8,7 k €↑
  10. 2016
    Annual accounts 2016-11,9 k €
  11. 19/10/2015
    IncorporationPrivate limited company