Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Floren en Cie from Brecht, company number BE0403717562, closed financial year 2025 with a result of € -120,025 after tax. For that financial year Floren en Cie recorded revenue of € 5.1 million and equity of € 6.9 million. Compared with financial year 2024, the result moved from € 732,624 to € -120,025. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 6.9 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -120,025
▼ still € 732,624 profit in 2024
Profit after tax over the fiscal year.
€ 71,735
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 6.2 million.
People and assets in 2025
24.3
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 7% vs 2024
€ 71,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 49,125
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
Loans from banks and other lenders, long and short.
€ 740,139
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 298,418
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 5,093,608 | |
| Gross margin | € 5,577,761 | € 4,043,873 | € 3,686,225 | € 2,674,285 | ▼ 27% |
| Profit after taxes | € 2,361,034 | € 1,120,018 | € 732,624 | € -120,025 | ▼ € 852,649 |
| Equity | € 5,163,250 | € 6,283,268 | € 7,015,893 | € 6,895,868 | ▼ 2% |
| Total debts | € 1,832,687 | € 1,450,347 | € 1,909,102 | € 2,959,334 | ▲ 55% |
| Cash | € 1,404,864 | € 565,149 | € 179,415 | € 71,735 | ▼ 60% |
| Land & buildings | € 2,213,053 | € 2,309,147 | € 2,180,416 | € 2,212,312 | ▲ 1% |
| Retained profit | € 4,471,177 | € 5,591,195 | € 6,323,819 | € 6,203,794 | ▼ 2% |
| Dividend | € 2,428,039 | € 0 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 1,888,876 | |
| Balance sheet total | € 7,658,513 | € 8,160,644 | € 9,291,077 | € 10,163,191 | ▲ 9% |
| Employees (FTE) | 23.3 | 23 | 24.9 | 24.3 | ▼ 0.6 |
Key figures of Floren en Cie, 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 Floren en Cie?
What happened at Floren en Cie in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- RYAN MAHONEY stepped down as director. NBB
- Anthony John Morris stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 120,025 (▼ € 852,649 vs 2024). Source: NBB ↗
- Anthony John Morris became a director. NBB
- Rachel Jane Warren stepped down as director. NBB
- Peter Nigel Sharp stepped down as director. NBB
- Rachel Jane Warren became a director. NBB
- Michel de Corswarem became a director. NBB
In short
From € 2.4 million profit in 2022 to € 120,025 loss in 2025.
Paid € 1.7 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.4 million profit.
On average € 110,100 of value added per employee in 2025.
Management
Behind Floren en Cie is Michel de Corswarem. Michel de Corswarem is also behind DECOR - INVEST and ARTHIMAX.
Directors
According to the 2025 annual accounts
since 2025
RYAN MAHONEY
Director
since 2022 · until 2028
Anthony John Morris
Director
since 2026 · until 2028
Peter Nigel Sharp
Director
since 2022 · until 2025
Rachel Jane Warren
Director
since 2025 · until 2026
Joris Mertens
Persoon belast met dagelijks bestuur
since 2021 · until 2025
Establishments
Establishment units
Physical locations of this company
Vaartkant Rechts 4
2960 Brecht
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
SUCURI-SEC - Sucuri, US
Website info
Features
Security
Details
- Company number
- 0403.717.562
- VAT number
- BE 0403.717.562
- Registered office
- Vaartkant Rechts 4, 2960 Brecht
- Names & denominations
- Floren en Cie
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- floren.be
- Activities · NACE
Vervaardiging van bakstenen