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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 162.8 to 47.2.
Financials
Financial year 2025
Scheerders van Kerchove's Verenigde Fabrieken from Sint-Niklaas, company number BE0405056855, closed financial year 2025 with a result of € -13.2 million after tax. For that financial year Scheerders van Kerchove's Verenigde Fabrieken recorded revenue of € 7.8 million and equity of € -5.7 million. Compared with financial year 2024, the result moved from € -20.3 million to € -13.2 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ -5.7 million
▼ € 13.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13.2 million
▲ 35 % less loss than in 2024
Profit after tax over the fiscal year.
€ 247,959
▼ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -30.7 million.
People and assets in 2025
47.2
▼ 81.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.4 million
▲ 16% vs 2024
€ 219,400 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.
Debts at end 2025
€ 31.1 million
▲ 52% vs 2024
€ 415,310 is repaid this year. At this pace the long-term loan is gone in ≈ 39 years.
€ 688,789
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.
€ 808,710
▼ 61% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 39,662,291 | € 34,352,251 | € 27,246,604 | € 7,751,323 | ▼ 72% |
| Profit after taxes | € -3,586,801 | € -3,889,690 | € -20,251,636 | € -13,224,403 | ▲ € 7 million |
| Equity | € 22,027,769 | € 18,138,078 | € 7,533,442 | € -5,690,961 | ▼ € 13.2 million |
| Total debts | € 20,001,449 | € 23,385,738 | € 25,355,970 | € 32,820,184 | ▲ 29% |
| Cash | € 1,306,625 | € 1,092,369 | € 889,633 | € 247,959 | ▼ 72% |
| Land & buildings | € 16,217,234 | € 15,958,593 | € 25,299,664 | € 28,057,732 | ▲ 11% |
| Retained profit | € 6,662,183 | € 2,772,492 | € -17,479,144 | € -30,703,547 | ▼ € 13.2 million |
| Bank debt | € 12,206,730 | € 16,198,696 | € 20,418,114 | € 31,054,762 | ▲ 52% |
| Balance sheet total | € 46,207,380 | € 45,841,524 | € 44,502,385 | € 31,691,076 | ▼ 29% |
| Employees (FTE) | 184.4 | 162.8 | 128.7 | 47.2 | ▼ 81.5 |
Key figures of Scheerders van Kerchove's Verenigde Fabrieken, 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 Scheerders van Kerchove's Verenigde Fabrieken?
What happened at Scheerders van Kerchove's Verenigde Fabrieken in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Walter Wesenbeek stepped down as director. NBB
- BEERENS GROEP NV stepped down as director. NBB
- KOEN VAN DEN BERGH BV stepped down as director. NBB
- Saskia Aertssen stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 13.2 million. Source: NBB ↗
- Walter Wesenbeek became a director. NBB
- BEERENS GROEP NV became a director. NBB
- KOEN VAN DEN BERGH BV became a director. NBB
In short
From € 3.6 million loss in 2022 to € 13.2 million loss in 2025.
Paid € 8,490 in corporate taxes since 2022.
Pays suppliers within 20 days on average.
Management
The stake of Stones comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Scheerders van Kerchove's Verenigde FabriekenThe shares are held by Stones (100%).
Directors
According to the 2025 annual accounts
Walter Wesenbeek
Director
since 2024 · until 2030
Director · represented by Erwin Beerens
Also active at: Raymond Ruys et Fils, Indimmob, WILLY DEPAGE, LEMICO, BELCAR, TB, AUTOGLAS - SHOP, D.M. Invest +12 more
since 2024 · until 2030
Director · represented by Koen Van den Berg
Also active at: BEERENS GROEP, Raymond Ruys et Fils, Indimmob, WILLY DEPAGE, LEMICO, BELCAR, TB, AUTOGLAS - SHOP +14 more
since 2024 · until 2030
Saskia Aertssen
Director
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Aerschotstraat 114
9100 Sint-Niklaas
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.056.855
- VAT number
- BE 0405.056.855
- Registered office
- Aerschotstraat 114, 9100 Sint-Niklaas
- Names & denominations
- Scheerders van Kerchove's Verenigde Fabrieken · SVK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 1928
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van producten van vezelcement
Vervaardiging van bakstenen
Overige activiteiten op het gebied van drukwerk
Overige drukkerijen