Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELSKIN from Lokeren, company number BE0400177953, closed financial year 2025 with a result of € 13,799 after tax. For that financial year BELSKIN recorded a gross margin of € 57,291 and equity of € 240,824. Compared with financial year 2024, the result moved from € 20,680 to € 13,799. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 240,824
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,799
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 4,865
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 154,391.
People and assets in 2025
€ 19,506
▼ 23% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 300,000
Loans from banks and other lenders, long and short.
€ 37,542
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,205
▼ 86% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 40,655 | € 42,016 | € 77,034 | € 57,291 | ▼ 26% |
| Profit after taxes | € -15,057 | € -19,206 | € 20,680 | € 13,799 | ▼ 33% |
| Equity | € 225,551 | € 206,345 | € 227,025 | € 240,824 | ▲ 6% |
| Total debts | € 515,607 | € 536,208 | € 500,046 | € 480,094 | ▼ 4% |
| Cash | € 97,267 | € 3,436 | € 33,505 | € 4,865 | ▼ 85% |
| Land & buildings | € 171 | € 171 | € 171 | € 171 | |
| Retained profit | € 139,118 | € 119,912 | € 140,592 | € 154,391 | ▲ 10% |
| Bank debt | € 300,000 | € 300,000 | € 300,000 | € 300,000 | |
| Balance sheet total | € 741,158 | € 742,553 | € 727,071 | € 720,918 | ▼ 1% |
Key figures of BELSKIN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BELSKIN?
What happened at BELSKIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philip Bracke stepped down as director. NBB
- Nadine Vanovenberghe stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 13,799 (▼ 33% vs 2024). Source: NBB ↗
- Philip Bracke became a director. NBB
- Nadine Vanovenberghe became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Lokeren. KBO
In short
From € 15,057 loss in 2022 to € 13,799 profit in 2025.
Paid € 755 in corporate taxes since 2022.
Best year ever: 2024, with € 20,680 profit.
Management
Directors
According to the 2025 annual accounts
Philip Bracke
Managing director
since 2025 · until 2031
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Sterrestraat 203
9160 Lokeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.177.953
- VAT number
- BE 0400.177.953
- Registered office
- Sterrestraat 203, 9160 Lokeren
- Names & denominations
- BELSKIN · Belskin
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 May 1928
- Peppol
- Active · Active since 1 Jan 2026
- Activities · NACE
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