ACTIVE

GROUPE FORREST INTERNATIONAL

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Financial year 2025 · Closed on 31/12/2025

Net result-648 k €-324,6 %over 1 year
Equity58,1 M €-1,1 %over 1 year
Workforce6,7 ETP-8,2 %over 1 year

Identity

Source · BCE/KBO

GROUPE FORREST INTERNATIONAL is a Public limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Wavre. It employs on average 6,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0833.585.336
Incorporation
27/01/2011
Legal form
Public limited company
Registered office
Avenue Pasteur 9
1300 Wavre · WallonieSee on map
Contributed capital
60 000 000,00 €
Latest accounts
31/12/2025
Average workforce
6,7 ETP
Joint committees (2)
  • 100
  • 200
Signals
Solid equityLow riskGood liquidityHealthy social debts

Financials

Source · NBB, 25 filings

Trend over 14 financial years

20252024202320222021
Income statement
Gross margin–––––
EBITDA-2,9 M €-3,1 M €-3,3 M €-2,9 M €-2,5 M €
Operating result-2,9 M €-3,2 M €-3 M €-2,9 M €-2,4 M €
Net result-648 k €288,5 k €-1,2 M €-6 M €1 M €
Balance sheet
Equity58,1 M €58,8 M €58,5 M €59,7 M €65,7 M €
Total assets104,3 M €111,8 M €111,2 M €108,7 M €111,9 M €
Cash652,5 k €2,4 M €4,7 M €3,4 M €15,2 M €
Debts45,9 M €52,8 M €52,5 M €48,4 M €45,4 M €
Other
Workforce6,7 ETP7,3 ETP7,6 ETP8,2 ETP9,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 39 ended

Active mandates

BERNARD GUSTIN SRL

Director · since 29 juin 2022 · until 28 juin 2028 · 0898.567.418

Represented by Bernard GUSTIN

Active
VOSSENSTEERT

Director · since 29 juin 2022 · until 28 juin 2028 · 0478.962.442

Represented by Pierre CHEVALIER

Active
Rowena Giulia Clicea R. FORREST

Director · since 01 octobre 2015 · until 28 juin 2028

Active
Gabrielle PERREGAUX

Director · since 27 janvier 2011 · until 28 juin 2028

Active
George Arthur FORREST

Chairman of the board of directors · since 27 janvier 2011 · until 28 juin 2028

Active
Malta David FORREST

Managing director · since 27 janvier 2011 · until 28 juin 2028

Active

Ended mandates

VOSSENSTEERT

Director · since 29 juin 2022 · until 28 juin 2028 · 0478.962.442

Represented by Pierre CHEVALIER

Ended
Bernard GUSTIN

Director · since 26 juin 2019 · until 29 juin 2022

Ended
Rowena Giulia Clicea R. FORREST

Director · since 01 octobre 2015 · until 29 juin 2022

Ended
Rowena Giulia Clicea Rac FORREST

Director · since 01 octobre 2015 · until 29 juin 2016

Ended

Other companies at this address

Avenue Pasteur 9 1300 Wavre
CompanyCBE no.
Ardmac● Active
0643.926.877
Fondation George Arthur Forrest● Active
0837.174.138
GAF GESTION● Active
1031.673.588
GEORGE FORREST EUROPE● Active
0446.457.643
IMFOR● Active
0462.000.013

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
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 date29/07/202615/07/202527/06/202426/07/202325/07/202219/07/2021
General meeting24/06/202625/06/202526/06/202428/06/202329/06/202201/01/9999
Currency of the financial yearEUREUREUREUREURUSD
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 25 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202629/07/2026FrenchPDF
Full model31/12/202425/06/202515/07/2025FrenchPDF
Consolidated accounts31/12/202425/06/202515/07/2025FrenchPDF
Full model31/12/202326/06/202427/06/2024FrenchPDF
Consolidated accounts31/12/202326/06/202425/07/2024FrenchPDF
Full modelCorrection31/12/202228/06/202326/07/2023FrenchPDF
Full model31/12/202228/06/202305/07/2023FrenchPDF
Consolidated accounts31/12/202228/06/202304/07/2023FrenchPDF
Full model31/12/202129/06/202225/07/2022FrenchPDF
Consolidated accounts31/12/202129/06/202220/07/2022FrenchPDF
Full model31/12/202030/06/202114/07/2021FrenchPDF
Consolidated accounts31/12/202001/01/999919/07/2021FrenchPDF
Full model31/12/201915/07/202030/07/2020FrenchPDF
Consolidated accounts31/12/201915/07/202013/08/2020FrenchPDF
Full model31/12/201826/06/201908/07/2019FrenchPDF
Consolidated accounts31/12/201826/06/201912/07/2019FrenchPDF
Full model31/12/201727/06/201806/07/2018FrenchPDF
Consolidated accounts31/12/201727/06/201806/07/2018FrenchPDF
Full model31/12/201628/06/201725/07/2017FrenchPDF
Consolidated accounts31/12/201607/08/201711/10/2017FrenchPDF
Full model31/12/201529/06/201619/07/2016FrenchPDF
Consolidated accounts31/12/201528/07/201611/10/2016FrenchPDF
Abridged model31/12/201424/06/201519/08/2015FrenchPDF
Abridged model31/12/201325/06/201416/07/2014FrenchPDF

View all 25 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

6 active · 39 ended

Active mandates

BERNARD GUSTIN SRL

Director · since 29 juin 2022 · until 28 juin 2028 · 0898.567.418

Represented by Bernard GUSTIN

Active
VOSSENSTEERT

Director · since 29 juin 2022 · until 28 juin 2028 · 0478.962.442

Represented by Pierre CHEVALIER

Active
Rowena Giulia Clicea R. FORREST

Director · since 01 octobre 2015 · until 28 juin 2028

Active
Gabrielle PERREGAUX

Director · since 27 janvier 2011 · until 28 juin 2028

Active
George Arthur FORREST

Chairman of the board of directors · since 27 janvier 2011 · until 28 juin 2028

Active
Malta David FORREST

Managing director · since 27 janvier 2011 · until 28 juin 2028

Active

Ended mandates

VOSSENSTEERT

Director · since 29 juin 2022 · until 28 juin 2028 · 0478.962.442

Represented by Pierre CHEVALIER

Ended
Bernard GUSTIN

Director · since 26 juin 2019 · until 29 juin 2022

Ended
Rowena Giulia Clicea R. FORREST

Director · since 01 octobre 2015 · until 29 juin 2022

Ended
Rowena Giulia Clicea Rac FORREST

Director · since 01 octobre 2015 · until 29 juin 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/03/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/01/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/08/2021
    DEMISSIONS, NOMINATIONS
    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 2025-648 k €↓
  2. 25/06/2025
    reconductionVincent DUMONT — Commissaire aux comptes
  3. 2024
    Annual accounts 2024288,5 k €↑
  4. 16/12/2024
    reconductionMalta David FORREST — Administrateur-délégué
  5. 16/12/2024
    reconductionGeorge Andrew FORREST — Membre du Comex
  6. 16/12/2024
    reconductionJean-Pierre PONCELET — Membre du Comex
  7. 2024
    Name changeGROUP FORREST INTERNATIONAL
  8. 2023
    Annual accounts 2023-1,2 M €↑
  9. 31/12/2022
    nominationBST REVISEURS D'ENTREPRISES SRL — commissaire aux comptes
  10. 2022
    Annual accounts 2022-6 M €↓
  11. 29/06/2022
    reconductionGeorge Arthur FORREST — Président
  12. 29/06/2022
    reconductionMalta David FORREST — Administrateur-délégué et Vice-Président
  13. 29/06/2022
    reconductionRowena FORREST — Administrateur
  14. 29/06/2022
    reconductionGabrielle WEBER-PERREGAUX — Administrateur
  15. 29/06/2022
    reconductionJean-Pierre WADILA KONGOLO — Administrateur
  16. 29/06/2022
    nominationsrl Bernard Gustin — Administrateur
  17. 29/06/2022
    nominationBV VOSSENSTEERT — Administrateur et Vice-Président
  18. 2021
    Annual accounts 20211 M €↓
  19. 16/12/2021
    nominationMalta David FORREST — Administrateur-Délégué
  20. 16/12/2021
    nominationGeorge Andrew FORREST — Membre du Comex
  21. 16/12/2021
    nominationJean-Pierre PONCELET — Membre du Comex
  22. 2020
    Annual accounts 20208,7 M €↑
  23. 2019
    Annual accounts 20196,7 M €↑
  24. 2018
    Annual accounts 2018-6,1 M €↓
  25. 2017
    Annual accounts 2017-2,8 M €↓
  26. 2016
    Annual accounts 2016-619,2 k €↑
  27. 2015
    Annual accounts 2015-1,1 M €↑
  28. 2014
    Annual accounts 2014-18,4 M €↓
  29. 2013
    Annual accounts 2013-374,5 k €↓
  30. 2012
    Annual accounts 2012-72,4 k €
  31. 2012
    Name changeGROUPE FORREST INTERNATIONAL
  32. 27/01/2011
    nominationMalta David FORREST — Administrateur délégué
  33. 27/01/2011
    IncorporationPublic limited company