FOREST CM
0845.956.103 · rovalta.com · 22/09/2026
ACTIVE
FOREST CM
Financial year 2025 · closed on 31/12/2025
Net result
41,2 k €
-51.8% YoY
Gross margin
44,6 k €
-49.2% YoY
Equity
90,2 k €
+84.2% YoY
Overview
What does FOREST CM do?
FOREST CM is a Private company with limited liability incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Woluwe-Saint-Lambert.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0845.956.103
Incorporation
15/05/2012
Legal form
Private company with limited liability
Registered office
Avenue Général Lartigue 41
1200 Woluwe-Saint-Lambert · BruxellesSee on map
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 14 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||
| Gross margin | 44,6 k € | -49.2% | 87,8 k € | +449% | 16 k € | +216% | -13,7 k € | +72.4% | -49,7 k € | +39.2% | -81,9 k € | -34.3% | -60,9 k € | -233% | -18,3 k € | -161% | 30,2 k € | -79.8% | 149,3 k € | +49.9% | 99,6 k € | +953% | 9,5 k € | -58.1% | 22,6 k € | -42.6% | 39,4 k € |
| EBITDA | 43,4 k € | -49.7% | 86,3 k € | +440% | 16 k € | +216% | -13,7 k € | +72.4% | -49,7 k € | +39.2% | -81,9 k € | -34.3% | -60,9 k € | -134% | -26,1 k € | -186% | 30,2 k € | -74.9% | 120,2 k € | +21.3% | 99,1 k € | +1081% | 8,4 k € | -62.1% | 22,1 k € | -43.2% | 39 k € |
| Operating result | 39,6 k € | -54.0% | 86,1 k € | +445% | 15,8 k € | +213% | -13,9 k € | +72.0% | -49,8 k € | +39.2% | -81,9 k € | -34.3% | -60,9 k € | -99.8% | -30,5 k € | -218% | 25,8 k € | -77.7% | 115,8 k € | +22.2% | 94,8 k € | +2254% | 4 k € | -81.6% | 21,9 k € | -43.6% | 38,8 k € |
| Net result | 41,2 k € | -51.8% | 85,6 k € | +458% | 15,3 k € | +207% | -14,3 k € | +71.5% | -50,2 k € | +34.0% | -76,1 k € | -26.1% | -60,3 k € | -100.0% | -30,2 k € | -276% | 17,1 k € | -75.5% | 69,9 k € | +13.2% | 61,7 k € | +1700% | 3,4 k € | -74.3% | 13,3 k € | -47.2% | 25,3 k € |
| Balance sheet | |||||||||||||||||||||||||||
| Equity | 90,2 k € | +84.2% | 49 k € | +234% | -36,6 k € | +29.6% | -51,9 k € | -38.1% | -37,6 k € | -398% | 12,6 k € | -85.8% | 88,7 k € | -40.5% | 149 k € | -16.8% | 179,2 k € | +10.6% | 162,1 k € | +68.5% | 96,2 k € | +76.6% | 54,4 k € | +6.7% | 51 k € | +35.4% | 37,7 k € |
| Total assets | 165,4 k € | +25.1% | 132,2 k € | +162% | 50,4 k € | +736% | 6 k € | -24.8% | 8 k € | -81.5% | 43,2 k € | -51.7% | 89,5 k € | -42.3% | 155,1 k € | -20.1% | 194,3 k € | +7.4% | 181 k € | +24.2% | 145,7 k € | +97.0% | 74 k € | +24.3% | 59,5 k € | +28.8% | 46,2 k € |
| Cash | 137,9 k € | +43.5% | 96,1 k € | +625% | 13,2 k € | +267% | 3,6 k € | -42.9% | 6,3 k € | -84.8% | 41,5 k € | -30.6% | 59,8 k € | -53.5% | 128,8 k € | -23.9% | 169,2 k € | +11.4% | 151,9 k € | +93.6% | 78,4 k € | +76.1% | 44,5 k € | -17.7% | 54,1 k € | +430% | 10,2 k € |
| Debts | 75,2 k € | -9.7% | 83,3 k € | -4.3% | 87 k € | +50.2% | 57,9 k € | +27.0% | 45,6 k € | +48.9% | 30,6 k € | +3547% | 840 € | -86.2% | 6,1 k € | -59.7% | 15,1 k € | -16.7% | 18,1 k € | -63.5% | 49,5 k € | +154% | 19,5 k € | +129% | 8,5 k € | -0.3% | 8,5 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 2 ended
Active mandates
NICOLAS FOREST
ActiveEnded mandates
NICOLAS FOREST
EndedNICOLAS FOREST
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro 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 | 04/08/2026 | 05/08/2025 | 30/07/2024 | 30/06/2023 | 11/07/2022 | 16/08/2021 |
| General meeting | 05/06/2026 | 04/08/2025 | 15/07/2024 | 30/06/2023 | 10/06/2022 | 10/06/2021 |
| 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 daysFilings
Annual accounts filings
14 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 05/06/2026 | 04/08/2026 | French | |
| Micro model | 31/12/2024 | 04/08/2025 | 05/08/2025 | French | |
| Micro model | 31/12/2023 | 15/07/2024 | 30/07/2024 | French | |
| Micro model | 31/12/2022 | 30/06/2023 | 30/06/2023 | French | |
| Micro model | 31/12/2021 | 10/06/2022 | 11/07/2022 | French | |
| Micro model | 31/12/2020 | 10/06/2021 | 16/08/2021 | French | |
| Micro model | 31/12/2019 | 17/08/2020 | 04/09/2020 | French | |
| Micro model | 31/12/2018 | 25/06/2019 | 02/07/2019 | French | |
| Micro model | 31/12/2017 | 25/07/2018 | 01/08/2018 | French | |
| Micro model | 31/12/2016 | 25/09/2017 | 03/10/2017 | French | |
| Abridged model | 31/12/2015 | 29/02/2016 | 30/03/2016 | French | |
| Abridged model | 31/12/2014 | 30/06/2015 | 26/08/2015 | French | |
| Abridged model | 31/12/2013 | 11/04/2014 | 23/05/2014 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 23/08/2013 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 2 ended
Active mandates
NICOLAS FOREST
ActiveEnded mandates
NICOLAS FOREST
EndedNICOLAS FOREST
EndedShareholders
Ownership and network
Looking for more information about this company?
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202541,2 k €↓
- 2024Annual accounts 202485,6 k €↑
- 2023Annual accounts 202315,3 k €↑
- 2022Annual accounts 2022-14,3 k €↑
- 2021Annual accounts 2021-50,2 k €↑
- 2020Annual accounts 2020-76,1 k €↓
- 2019Annual accounts 2019-60,3 k €↓
- 2018Annual accounts 2018-30,2 k €↓
- 2017Annual accounts 201717,1 k €↓
- 2016Annual accounts 201669,9 k €↑
- 2015Annual accounts 201561,7 k €↑
- 2014Annual accounts 20143,4 k €↓
- 2013Annual accounts 201313,3 k €↓
- 2012Annual accounts 201225,3 k €
- 15/05/2012IncorporationPrivate company with limited liability