ACTIVE

WeForest

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-427,6 k €

-6.7% YoY

Revenue

6,3 M €

+108.9% YoY

Equity

1,3 M €

-25.2% YoY

Workforce

13,2 ETP

+12.8% YoY

What does WeForest do?

WeForest is a Non-profit organization incorporated in 2010. Its main activity is: Activities of other membership organisations n.e.c.. Its registered office is in Bruxelles. It employs on average 13,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0826.151.968

Incorporation

26/05/2010

Legal form

Non-profit organization

Registered office

Cantersteen 47
1000 Bruxelles · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

13,2 ETP

Activities (NACE)

94994Activities of other membership organisations n.e.c.· main 94994Activities of other membership organisations n.e.c.

Joint committees (1)

32901

Signals

Good liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013
Income statement
Revenue	6,3 M €	+109%	3 M €	-40.9%	5,1 M €	+4.8%	4,9 M €	-10.2%	5,4 M €	+71.9%	3,1 M €	+42.8%	2,2 M €	+106%	1,1 M €	-31.3%	1,6 M €	+15.1%	1,4 M €	+90.5%	709,5 k €	+43.1%	495,9 k €
EBITDA	-140,4 k €	-899%	17,6 k €	+105%	-330,8 k €	-76.8%	-187,1 k €	-1955%	-9,1 k €	-102%	602 k €	+52.2%	395,5 k €	+240%	116,2 k €	-19.5%	144,3 k €	+333%	-61,9 k €	-156%	111,4 k €	-20.2%	139,6 k €
Operating result	-171,3 k €	+60.5%	-433,7 k €	-32.5%	-327,3 k €	-3.1%	-317,6 k €	-1499%	-19,9 k €	-103%	600,6 k €	+62.1%	370,5 k €	+251%	105,5 k €	-26.1%	142,8 k €	+326%	-63,2 k €	-157%	110,8 k €	-20.6%	139,6 k €
Net result	-427,6 k €	-6.7%	-400,9 k €	-10.6%	-362,5 k €	-0.1%	-362,3 k €	-2857%	-12,3 k €	-102%	581,4 k €	+61.6%	359,8 k €	+328%	84,1 k €	-41.6%	144 k €	+10576%	-1,4 k €	-101%	109 k €	-19.9%	136,1 k €
Balance sheet
Equity	1,3 M €	-25.2%	1,7 M €	-19.1%	2,1 M €	-14.8%	2,5 M €	-12.8%	2,8 M €	+95.6%	1,4 M €	+67.6%	860 k €	+71.9%	500,1 k €	+20.2%	416 k €	+53.0%	272 k €	-0.5%	273,3 k €	+66.3%	164,3 k €
Total assets	10,8 M €	-12.1%	12,3 M €	+32.8%	9,2 M €	-4.6%	9,7 M €	+8.8%	8,9 M €	+138%	3,7 M €	+77.6%	2,1 M €	+136%	894,1 k €	+43.9%	621,1 k €	+36.2%	456,2 k €	+57.6%	289,4 k €	+55.9%	185,7 k €
Cash	4,8 M €	-4.9%	5 M €	+14.1%	4,4 M €	-24.2%	5,8 M €	-13.5%	6,7 M €	+143%	2,8 M €	+76.9%	1,6 M €	+159%	605,1 k €	+22.3%	494,6 k €	+41.8%	348,7 k €	+113%	164,1 k €	+13.7%	144,3 k €
Debts	8,8 M €	-10.6%	9,8 M €	+52.0%	6,5 M €	-3.5%	6,7 M €	+17.7%	5,7 M €	+167%	2,1 M €	+77.9%	1,2 M €	+205%	393,9 k €	+92.0%	205,1 k €	+11.3%	184,2 k €	+1048%	16,1 k €	-24.7%	21,3 k €
Other
Workforce	13,2 ETP	+12.8%	11,7 ETP	+21.9%	9,6 ETP	+12.9%	8,5 ETP	-9.6%	9,4 ETP	+194%	3,2 ETP	+60.0%	2,0 ETP	+100%	1,0 ETP	+11.1%	0,9 ETP	-35.7%	1,4 ETP	+180%	0,5 ETP	0.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 33 ended

Active mandates

HELENA MICHIELSEN

Director · since 18 janvier 2025 · until 17 janvier 2028

Active

SOUMAYA GRAINE

Director · since 18 janvier 2025 · until 17 janvier 2028

Active

BILL LIAO

Président du Conseil d'Administration · since 27 juin 2023 · until 29 juin 2026

Active

Ended mandates

BILL LIAO

Président du Conseil d'Administration · since 27 juin 2023 · until 26 juin 2026

Ended

KANZAN

Vice-Président du conseil d' Administration · since 27 juin 2023 · until 26 juin 2026 · 0550.961.483

Represented by MARIE-NOELLE KEIJZER

Ended

LAURENT DURIEUX

Director · since 27 juin 2023 · until 26 juin 2026

Ended

HELENA MICHIELSEN

Director · since 18 janvier 2022 · until 17 janvier 2025

Ended

At this address

Other companies at this address

Company	CBE no.
13 ANALYTICS● Active	0793.625.987
AA Investissements● Active	0506.804.115
ACTUA Formation Benelux● Active	0778.940.781
Administratiekantoor Superlinear● Active	1034.146.494
Agilite Solutions Belgium● Active	1007.736.067
AGUILA INTERNATIONAL RISK● Active	1010.584.897
Ahead Digital● Active	0867.212.266
AlexandriteF● Active	0804.051.905
Alexandrite Monnet Belgian Bidco● Active	0780.685.989
ALTHERIA SOLUTIONS● Active	0696.869.477
AMBOS Law● Active	0550.946.241
AMCAHub● Active	1025.495.282
AMICALE DES ANCIENS DE LA SHELL - VRIENDENKRING VAN DE OUDGEDIENDEN VAN DE SHELL● Active	0409.404.336
Ampyr Distributed Energy Belgium 1● Active	0800.049.664
Ampyr Distributed Energy Belgium 2● Active	0742.927.255
ARCORA INGEROP BELGIUM● Active	0733.604.961
Aricoma Systems● Active	0767.591.979
Arts 28● Active	1025.504.487
A & S PRODUCTIONS● Active	0453.963.760
ASSOCIATION GENERALE DE L'INDUSTRIE DU MEDICAMENT - ALGEMENE VERENIGING VAN DE GENEESMIDDELENINDUSTRIE● Active	0407.622.902

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/07/2026	18/07/2025	26/06/2024	29/06/2023	14/06/2022	30/07/2021
General meeting	29/06/2026	23/06/2025	07/06/2024	26/06/2023	03/06/2022	21/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	17/07/2026	French	PDF
Abridged model	31/12/2024	23/06/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	26/06/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	29/06/2023	French	PDF
Abridged model	31/12/2021	03/06/2022	14/06/2022	French	PDF
Abridged model	31/12/2020	21/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	17/07/2020	10/09/2020	French	PDF
Abridged model	31/12/2018	13/06/2019	04/07/2019	French	PDF
Abridged model	31/12/2017	04/07/2018	11/07/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	08/06/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	24/07/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 33 ended

Active mandates

HELENA MICHIELSEN

Director · since 18 janvier 2025 · until 17 janvier 2028

Active

SOUMAYA GRAINE

Director · since 18 janvier 2025 · until 17 janvier 2028

Active

BILL LIAO

Président du Conseil d'Administration · since 27 juin 2023 · until 29 juin 2026

Active

Ended mandates

BILL LIAO

Président du Conseil d'Administration · since 27 juin 2023 · until 26 juin 2026

Ended

KANZAN

Vice-Président du conseil d' Administration · since 27 juin 2023 · until 26 juin 2026 · 0550.961.483

Represented by MARIE-NOELLE KEIJZER

Ended

LAURENT DURIEUX

Director · since 27 juin 2023 · until 26 juin 2026

Ended

HELENA MICHIELSEN

Director · since 18 janvier 2022 · until 17 janvier 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other24/09/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates15/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates13/03/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates30/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates15/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates04/06/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2025
Annual accounts 2025-427,6 k €↓
2024
Annual accounts 2024-400,9 k €↓
2023
Annual accounts 2023-362,5 k €↓
2022
Annual accounts 2022-362,3 k €↓
2021
Annual accounts 2021-12,3 k €↓
2019
Annual accounts 2019581,4 k €↑
2018
Annual accounts 2018359,8 k €↑
2017
Annual accounts 201784,1 k €↓
2016
Annual accounts 2016144 k €↑
2015
Annual accounts 2015-1,4 k €↓
2014
Annual accounts 2014109 k €↓
2013
Annual accounts 2013136,1 k €
26/05/2010
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WeForest

Overview

What does WeForest do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline