ACTIVE

REFOREST 1

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Financial year 2025 · closed on 31/12/2025

Net result

-12 k €

-1.6% YoY

Gross margin

-3,9 k €

-2.6% YoY

Equity

-41,2 k €

-41.2% YoY

Workforce

0,0 ETP

What does REFOREST 1 do?

REFOREST 1 is a Private limited company incorporated in 2012. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.392.126

Incorporation

14/03/2012

Legal form

Private limited company

Registered office

Chaussée de Tournai(R-C) 52 box 1
7520 Tournai · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	-3,9 k €	-2.6%	-3,8 k €	+39.7%	-6,3 k €	-80.4%	-3,5 k €	-33.9%	-2,6 k €	+21.8%	-3,3 k €	+34.5%	-5,1 k €	-169%	-1,9 k €	+5.9%	-2 k €	+41.5%	-3,4 k €	+8.0%	-3,7 k €	-24.6%	-3 k €	+84.1%	-18,7 k €
EBITDA	-4,9 k €	-2.8%	-4,8 k €	+35.6%	-7,4 k €	-69.9%	-4,3 k €	-25.4%	-3,5 k €	+17.3%	-4,2 k €	+29.5%	-5,9 k €	-116%	-2,8 k €	+29.6%	-3,9 k €	-3.8%	-3,8 k €	+9.3%	-4,2 k €	-21.5%	-3,4 k €	+82.5%	-19,5 k €
Operating result	-4,9 k €	-2.8%	-4,8 k €	+35.6%	-7,4 k €	-69.9%	-4,3 k €	-25.4%	-3,5 k €	+17.3%	-4,2 k €	+29.5%	-5,9 k €	-116%	-2,8 k €	+29.6%	-3,9 k €	-3.8%	-3,8 k €	+9.3%	-4,2 k €	-21.5%	-3,4 k €	+82.5%	-19,5 k €
Net result	-12 k €	-1.6%	-11,8 k €	+17.5%	-14,3 k €	-422%	-2,7 k €	-36.0%	-2 k €	+21.6%	-2,6 k €	-57.9%	-1,6 k €	-207%	1,5 k €	+2306%	-69,3 €	-111%	626 €	+370%	133,2 €	-99.0%	13,7 k €	+161%	-22,4 k €
Balance sheet
Equity	-41,2 k €	-41.2%	-29,2 k €	-68.1%	-17,4 k €	-470%	-3 k €	-913%	-300,5 €	-118%	1,7 k €	-60.0%	4,3 k €	-27.5%	5,9 k €	+34.8%	4,4 k €	-1.6%	4,5 k €	+16.3%	3,8 k €	+3.6%	3,7 k €	+137%	-10 k €
Total assets	1,1 M €	+0.6%	1,1 M €	+0.2%	1,1 M €	-0.3%	1,1 M €	-0.4%	1,1 M €	+0.1%	1,1 M €	-0.1%	1,1 M €	+0.1%	1,1 M €	-0.0%	1,1 M €	-0.1%	1,1 M €	-2.1%	1,1 M €	+0.2%	1,1 M €	+0.3%	1,1 M €
Cash	10,6 k €	+136%	4,5 k €	+1612%	263,1 €	-95.7%	6,1 k €	-41.6%	10,4 k €	+109%	5 k €	-50.3%	10 k €	+17.6%	8,5 k €	-4.9%	9 k €	+21.9%	7,4 k €	-77.6%	32,9 k €	-66.8%	99,1 k €	+1.0%	98,1 k €
Debts	1,2 M €	+1.6%	1,1 M €	+1.2%	1,1 M €	+1.0%	1,1 M €	+0.3%	1,1 M €	+0.2%	1,1 M €	+0.1%	1,1 M €	+0.3%	1,1 M €	-0.2%	1,1 M €	-0.3%	1,1 M €	-2.2%	1,1 M €	+0.1%	1,1 M €	-0.9%	1,1 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Olivier GANDON

Director · since 23 mai 2023

Active

Ended mandates

Olivier GANDON

Director · since 30 juin 2014

Ended

Olivier Gandon

Director

Ended

OLIVIER GANDON

Manager

Ended

Stéphane Jean-Marie LEDENTU

Manager

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	27/08/2026	27/08/2025	08/08/2024	17/08/2023	03/06/2022	31/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	18/05/2022	25/06/2021
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

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	08/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	17/08/2023	French	PDF
Abridged model	31/12/2021	18/05/2022	03/06/2022	French	PDF
Micro model	31/12/2020	25/06/2021	31/08/2021	French	PDF
Micro model	31/12/2019	30/06/2020	21/08/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	08/06/2018	08/06/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	21/09/2017	French	PDF
Abridged model	31/12/2015	08/06/2016	10/06/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	08/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	28/09/2014	French	PDF

Estimate

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.

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 · 1 active · 5 ended

Active mandates

Olivier GANDON

Director · since 23 mai 2023

Active

Ended mandates

Olivier GANDON

Director · since 30 juin 2014

Ended

Olivier Gandon

Director

Ended

OLIVIER GANDON

Manager

Ended

Stéphane Jean-Marie LEDENTU

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office03/03/2022
SIEGE SOCIAL
PDF
Mandates23/10/2014
DEMISSIONS, NOMINATIONS
PDF
Other26/03/2012
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

2025
Annual accounts 2025-12 k €↓
2024
Annual accounts 2024-11,8 k €↑
2023
Annual accounts 2023-14,3 k €↓
2022
Annual accounts 2022-2,7 k €↓
2022
Name changeREFOREST 1
2021
Annual accounts 2021-2 k €↑
2021
Name changeREFOREST1
2020
Annual accounts 2020-2,6 k €↓
2019
Annual accounts 2019-1,6 k €↓
2018
Annual accounts 20181,5 k €↑
2017
Annual accounts 2017-69,3 €↓
2016
Annual accounts 2016626 €↑
2015
Annual accounts 2015133,2 €↓
2014
Annual accounts 201413,7 k €↑
2013
Annual accounts 2013-22,4 k €
14/03/2012
IncorporationPrivate limited company

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

REFOREST 1

Overview

What does REFOREST 1 do?

Trend over 13 financial years

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