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 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
leather company from Merelbeke-Melle, company number BE0402155466, closed financial year 2025 with a result of € 705 after tax. For that financial year leather company recorded a gross margin of € 16,646 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 177 to € 705. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 1.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 705
▲ 297% vs 2024
Profit after tax over the fiscal year.
€ 190
▼ 97% 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 € 598,789.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4,567
▲ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,787 | € 20,139 | € 16,068 | € 16,646 | ▲ 4% |
| Profit after taxes | € 1,071 | € 262 | € 177 | € 705 | ▲ 297% |
| Equity | € 1,363,645 | € 1,363,907 | € 1,364,084 | € 1,364,789 | |
| Total debts | € 400,269 | € 405,541 | € 405,038 | € 405,446 | |
| Cash | € 758 | € 4,878 | € 6,205 | € 190 | ▼ 97% |
| Retained profit | € 597,645 | € 597,907 | € 598,084 | € 598,789 | |
| Balance sheet total | € 1,763,913 | € 1,769,448 | € 1,769,122 | € 1,770,235 |
Key figures of leather company, 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 leather company?
What happened at leather company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 705 (▲ 297% vs 2024). Source: NBB ↗
- BC MANAGEMENT BV became a director. NBB
- MGSL BV became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,071 profit in 2022 to € 705 profit in 2025.
Paid € 747 in corporate taxes since 2022.
Best year ever: 2022, with € 1,071 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind leather company are BC MANAGEMENT BV and MGSL BV. It owns 82.3% of Blue Star and 82.3% of Blue Star Immo itself.
Directors
According to the 2025 annual accounts
Director · represented by CORTHALS Bernard
Also active at: BLUE STAR, BLUE STAR IMMO
since 2010
since 2010
Establishments
Establishment units
Physical locations of this company
Gontrode Heirweg 324
9090 Merelbeke-Melle
François Spaestraat 13
9090 Merelbeke-Melle
Active since 24 November 1986
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.155.466
- VAT number
- BE 0402.155.466
- Registered office
- Gontrode Heirweg 324, 9090 Merelbeke-Melle
- Names & denominations
- leather company
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van overige kleding en toebehoren, neg
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