ACTIVE

FORESTCAPE

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Financial year 2025 · closed on 31/12/2025
Net result
-70,6 k €
-873.8% YoY
Gross margin
151,5 k €
-58.3% YoY
Equity
69,1 k €
-50.5% YoY
Workforce
1,7 ETP
-50.0% YoY

What does FORESTCAPE do?

FORESTCAPE is a Public limited company incorporated in 2008. Its main activity is: Logging. Its registered office is in Watermael-Boitsfort. It employs on average 1,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0806.536.192
Incorporation
23/09/2008
Legal form
Public limited company
Registered office
Drève des Tumuli 21
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
1,7 ETP
Activities (NACE)
02200Logging· main02200Logging70200Management consultancy activities70220Business and other management consultancy activities02300Gathering of wild growing non-wood products02300Gathering of wild growing non-wood products+4
Joint committees (1)
  • 200
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin151,5 k €363,2 k €469,2 k €407,9 k €360,9 k €371,6 k €1,2 M €477,7 k €416,7 k €288,8 k €208,5 k €209,8 k €63,9 k €39,9 k €-40,1 k €-5,7 k €-5,9 k €
EBITDA-45,3 k €10 k €53,2 k €-11,4 k €-570,8 €9 k €769,5 k €211 k €261,8 k €213 k €171,5 k €209,4 k €63,5 k €39,4 k €-40,6 k €-6,2 k €-6,7 k €
Operating result-67,1 k €-839,5 €50,1 k €-14,5 k €-2,2 k €6 k €761 k €204,6 k €255,1 k €208,9 k €169 k €207,7 k €62,1 k €38 k €-40,9 k €-6,9 k €-8,2 k €
Net result-70,6 k €-7,2 k €35,4 k €-15,9 k €-4 k €1,3 k €513,6 k €130,4 k €164,2 k €133,6 k €115,9 k €136,9 k €51,5 k €37,7 k €-42,2 k €-3,7 k €-7,6 k €
Balance sheet
Equity69,1 k €139,6 k €146,9 k €111,5 k €127,4 k €131,5 k €130,2 k €116,6 k €486,2 k €322 k €188,5 k €272,6 k €135,7 k €84,2 k €46,5 k €88,7 k €92,4 k €
Total assets652,3 k €2 M €1,2 M €659,2 k €349,9 k €477,7 k €1 M €785,8 k €638,7 k €470,7 k €433,7 k €368,6 k €156,6 k €101,3 k €104,5 k €91,8 k €95,1 k €
Cash10,9 k €211,6 k €12,9 k €8 k €26,4 k €441,5 k €157,6 k €180,7 k €464,6 k €136,1 k €162,9 k €284,2 k €121,4 k €89,7 k €86,7 k €89,7 k €42,1 k €
Debts583,3 k €1,8 M €1,1 M €547,7 k €222,4 k €346,2 k €893,6 k €669,2 k €152,5 k €148,6 k €245,2 k €95 k €17,3 k €15,8 k €58 k €3,1 k €2,7 k €
Other
Workforce1,7 ETP3,4 ETP3,8 ETP4,5 ETP3,5 ETP3,1 ETP3,1 ETP2,7 ETP1,8 ETP1,4 ETP0,6 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

Airy de Murga

Mandate

Active
Amanda Gomes Cortez de Murga

Mandate

Active
Valérie Tremerie

Mandate

Active

Ended mandates

Amanda Gomes Cortez

Director · since 21 août 2017 · until 20 juin 2023

Ended
Amanda Gomes Cortez

Director · since 21 août 2017 · until 18 septembre 2023

Ended
Valérie Tremerie

Director · since 21 août 2017 · until 20 juin 2023

Ended
Valérie Tremerie

Director · since 21 août 2017 · until 18 septembre 2023

Ended
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Annual accounts

Full financial information

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 date25/08/202629/08/202530/08/202430/08/202329/09/202231/08/2021
General meeting16/06/202617/06/202518/06/202420/06/202321/06/202215/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/06/202625/08/2026FrenchPDF
Abridged model31/12/202417/06/202529/08/2025FrenchPDF
Abridged model31/12/202318/06/202430/08/2024FrenchPDF
Abridged model31/12/202220/06/202330/08/2023FrenchPDF
Abridged model31/12/202121/06/202229/09/2022FrenchPDF
Abridged model31/12/202015/06/202131/08/2021FrenchPDF
Abridged model31/12/201916/06/202028/10/2020FrenchPDF
Abridged model30/06/201817/09/201829/10/2018FrenchPDF
Abridged model30/06/201702/10/201728/11/2017FrenchPDF
Abridged model30/06/201610/10/201630/03/2017FrenchPDF
Abridged model30/06/201521/09/201523/02/2016FrenchPDF
Abridged model30/06/201430/12/201413/02/2015FrenchPDF
Abridged model30/06/201316/09/201327/02/2014FrenchPDF
Abridged model30/06/201231/12/201212/02/2013FrenchPDF
Abridged model30/06/201130/12/201129/02/2012FrenchPDF
Abridged model30/06/201020/09/201029/12/2010FrenchPDF
Abridged model30/06/200930/06/200918/12/2009FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

Airy de Murga

Mandate

Active
Amanda Gomes Cortez de Murga

Mandate

Active
Valérie Tremerie

Mandate

Active

Ended mandates

Amanda Gomes Cortez

Director · since 21 août 2017 · until 20 juin 2023

Ended
Amanda Gomes Cortez

Director · since 21 août 2017 · until 18 septembre 2023

Ended
Valérie Tremerie

Director · since 21 août 2017 · until 20 juin 2023

Ended
Valérie Tremerie

Director · since 21 août 2017 · until 18 septembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/06/2020
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Other29/10/2018
    ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates19/01/2018
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/07/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/07/2016
    DIVERS
    PDF
  • Mandates10/03/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office11/08/2011
    SIEGE SOCIAL
    PDF
  • Other01/10/2008
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

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 2025-70,6 k €↓
  2. 2024
    Annual accounts 2024-7,2 k €↓
  3. 2023
    Annual accounts 202335,4 k €↑
  4. 2022
    Annual accounts 2022-15,9 k €↓
  5. 2021
    Annual accounts 2021-4 k €↓
  6. 2020
    Annual accounts 20201,3 k €↓
  7. 2019
    Annual accounts 2019513,6 k €↑
  8. 2018
    Annual accounts 2018130,4 k €↓
  9. 2017
    Annual accounts 2017164,2 k €↑
  10. 2016
    Annual accounts 2016133,6 k €↑
  11. 2015
    Annual accounts 2015115,9 k €↓
  12. 2014
    Annual accounts 2014136,9 k €↑
  13. 2013
    Annual accounts 201351,5 k €↑
  14. 2012
    Annual accounts 201237,7 k €↑
  15. 2011
    Annual accounts 2011-42,2 k €↓
  16. 2010
    Annual accounts 2010-3,7 k €↑
  17. 2009
    Annual accounts 2009-7,6 k €
  18. 23/09/2008
    IncorporationPublic limited company