Forecast Consulting

What Forecast Consulting does

Forecast Consulting SA/NV is a Belgian professional services firm specializing in fiscal incentive advisory. Founded in 2013 and headquartered in Watermael-Boitsfort (Brussels-Capital Region), the firm serves Belgian enterprises seeking to optimize federal and regional tax mechanisms under the Code des Impôts sur les Revenus (CIR92), with service lines covering R&D payroll tax exemptions (Article 275/3, up to 80% recovery), Belgian regional subsidies for R&D co-financing and strategic investments (claimed 90% success rate), innovation income deductions (85% from corporate tax base), payroll tax exemptions for teamwork/night work (€6,500–€10,000 per eligible FTE annually), real estate work exemptions (~€4,500 per FTE), natural disaster payroll recovery (up to 30%), and property tax (précompte immobilier) optimization including Natura 2000, domain national, and Wallonia unproductivity reductions.

The firm operates as part of the EIF Group, a diversified consulting conglomerate active in Belgium and France for over 65 years with four subsidiaries (EIF Expertise, EIF Innovation, Atax Consultants, and Forecast Consulting) and complementary SaaS products (Mathis for property tax management, Harlan for French CIR management, Travo for construction project management). Forecast Consulting's primary internal asset is Forecast Lab™, a continuous legal and regulatory monitoring unit that analyzes FPS Finance publications and publishes multilingual thought leadership (French, Dutch, English). Methodologies are stated to be approved by the Belgian tax administration, and the firm maintains ongoing relations with SPF Finances — a relationship that constitutes its primary competitive differentiator.

Forecast Consulting operates a sales-led B2B go-to-market with no self-serve product, marketplace, or reseller channel. Lead capture is via the company website (forecast-consulting.com) with a 24-hour response commitment, supplemented by Forecast Lab™ content marketing for top-of-funnel demand generation and a LinkedIn presence. Revenue is generated through bespoke advisory fees on project or retainer arrangements, with no publicly disclosed pricing tiers. The firm is certified as a B Corporation, holds B Corp ESG credentials, and does not disclose revenue or headcount beyond the 1–10 employee range. No independent funding rounds are recorded for Forecast Consulting itself; group-level ownership was expanded in June 2025 with five new institutional investors (Société Générale Capital Partenaires, IDIA Capital Investissement, SOCADIF, Rives Croissance, Amethis) joining historical partner Ciclad.

Name

Forecast Consulting

Legal name

Forecast Consulting SA/NV

Website

https://forecast-consulting.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Forecast Consulting is a Brussels-based Belgian advisory firm that helps companies recover R&D payroll tax exemptions, regional subsidies, and property tax incentives under CIR92, serving R&D-intensive, manufacturing, construction, and real estate clients.

Ownership category

akta.pro rank

Product category

Tax Incentive Advisory Services

NAICS

Management Consulting Services (54161), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro industry

PRIMARYBPAHACAF

Financial Management & Performance Improvement Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Management Consulting

SECONDARYBPAHACAJ

Risk, Compliance & Internal Controls Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Management Consulting

Keywords

• Tax incentive advisory
• R&D tax credits
• Regional subsidies
• Payroll tax optimization
• Property tax consulting

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Tax and Innovation Advisory Consulting: Forecast Consulting generates revenue through advisory fees charged to Belgian companies for services covering R&D tax credit recovery (up to 80% of payroll taxes), Belgian regional subsidy applications (90% success rate), innovation income deductions (85%), payroll tax exemptions for teamwork/night work (up to 22.8-25% recovery), real estate work exemptions (18% recovery), natural disaster exemptions, and property tax optimization. Revenue is likely project-based or retainer arrangements given the bespoke nature of each client engagement.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Forecast Consulting is a Belgian advisory firm that helps enterprises identify, apply for, and recover Belgian fiscal incentives, including R&D payroll tax exemptions under Article 275/3 CIR92 (up to 80% recovery), regional subsidies (90% success rate), innovation income deductions (85%), teamwork/night-work payroll exemptions, real estate work exemptions, natural disaster payroll recovery, and property tax optimization. Its Forecast Lab™ unit continuously monitors Belgian tax legislation and SPF Finances publications to keep advisory offerings current.

Product overview

Forecast Consulting offers fiscal incentive consulting services for Belgian companies, with its core offering centered on advisory services for tax breaks and innovation grants. The company operates Forecast Lab™, an internal research unit that monitors legal and regulatory developments. Forecast Consulting is a subsidiary of the EIF Group, which also develops complementary SaaS products including Mathis (property tax management), Harlan (R&D tax credit management), and Travo (construction project management). While Forecast Consulting's own services are consulting-focused, the broader EIF Group portfolio includes SaaS software solutions for fiscal management and optimization.

Differentiator

Problem solved

Functional benefit

Brands

• Forecast Lab™: Internal legal and regulatory monitoring laboratory that analyzes legislative developments and SPF Finances publications to optimize the application of tax incentives, with updates published on a blog.

Quantifiable outcome

• Up to 80% recovery of professional withholding tax (précompte professionnel) for eligible R&D workers
• +6 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• EIF GroupcoreOthersForecast Consulting is a subsidiary of the EIF Group, a consulting group with more than 65 years of presence in the operational performance consulting market. EIF Group operates through four subsidiaries: EIF Expertise, EIF Innovation, Atax Consultants, and Forecast Consulting. Between 2021 and 2024, the group tripled its revenue. Forecast Consulting falls under the innovation/investment branch of the group.
• EIF ExpertiseminorOthersEIF Expertise is a subsidiary of the EIF Group, focused on local taxation and urban planning consultancy for real estate professionals. Part of the same corporate group as Forecast Consulting within the EIF Group structure.
• EIF InnovationminorOthersEIF Innovation is a subsidiary of the EIF Group, providing advisory on public funding for innovation and industrial investment. Part of the same corporate group as Forecast Consulting within the innovation/investment branch.
• Atax ConsultantsminorOthersAtax Consultants is a subsidiary of the EIF Group, specializing in local and urban development taxation. Part of the same corporate group as Forecast Consulting within the EIF Group structure.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Baker Tilly Belgium: Mid-tier Belgian advisory firm with a dedicated R&D and innovation tax credit practice serving SMEs and mid-market companies. Competes with Forecast Consulting in the same Belgian R&D payroll tax exemption and innovation income deduction niche, typically on price and accessibility.
• BDO Belgium (Tax): BDO's Belgian tax practice advises on R&D incentives, payroll tax exemptions, and regional subsidy recovery. Comparable to Forecast Consulting in serving Belgian SMEs and mid-market R&D-active enterprises, with broader cross-border reach as part of the global BDO network.
• Grant Thornton Belgium: Grant Thornton's Belgian advisory practice includes R&D tax credit and innovation incentive advisory for SMEs and mid-market companies. Directly comparable to Forecast Consulting's service mix (R&D payroll tax recovery, innovation income deduction) and Belgian enterprise target market.
• PwC Belgium (Tax): PwC's Belgian tax practice provides R&D tax credit, innovation income deduction, and regional subsidy advisory services. Directly comparable to Forecast Consulting in target client profile (Belgian R&D-active corporates) and service line (CIR92 incentive recovery).
• KPMG Tax Advisers (Belgium): Big 4 tax practice in Belgium offering R&D tax credit, innovation income deduction, and regional subsidy advisory to Belgian corporates. Directly competes with Forecast Consulting for the same enterprise R&D and innovation engagements in CIR92 Article 275/3 matters.
• Deloitte Belgium (Tax & Legal): Deloitte's Belgian Tax & Legal practice advises on R&D tax incentives, payroll tax exemptions, and innovation income deductions under CIR92. Competes head-to-head with Forecast Consulting for mid-to-large Belgian R&D-active enterprises and offers bundled advisory across wider tax topics.

Emerging players

• Harlan: SaaS platform developed by parent EIF Group to help companies secure and manage R&D tax credits (CIR/CIR92) and innovation subsidies. Addresses the same underlying client problem as Forecast Consulting — R&D tax credit identification and recovery — but via a software-as-a-service model rather than bespoke advisory, representing both an internal synergy and a competitive threat to the bespoke fee model.

Broad incumbents

• Bird & Bird (Belgium): International law firm with a strong IP and tech tax practice, including Belgian R&D tax credit and innovation income deduction advisory. Competes with Forecast Consulting for tech and IP-rich clients seeking innovation income deduction (85% regime) but offers broader IP/legal advisory rather than dedicated fiscal incentive recovery.
• Stibbe: Leading Benelux law firm with a Belgian tax practice advising on R&D tax incentives, IP-related innovation income deductions, and regional subsidy matters. Overlaps with Forecast Consulting on the legal/regulatory aspects of CIR92 recovery but operates as a broader full-service law firm rather than a specialist boutique.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/forecastconsulting

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forecast Consulting