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 12 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 17.2 to 14.4.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
RETSILVER MARIAKERKE from Gent, company number BE0405235019, closed financial year 2025 with a result of € 78,812 after tax. For that financial year RETSILVER MARIAKERKE recorded a gross margin of € 1.4 million and equity of € 167,008. Compared with financial year 2023, the result moved from € -131,059 to € 78,812. Profitable, and profit is growing. The buffer shrank hard: equity is 79 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.
€ 167,008
▼ 79% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 78,812
▲ still € 131,059 loss in 2023
Profit after tax over the fiscal year.
€ 68,025
▼ 49% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 693,532 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
14.4
▼ 0.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 84% vs 2023
€ 81,900 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.
€ 1,359
▼ 98% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 507,578
▲ € 402,270 vs 2023
€ 63,941 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 880,599
▲ 217% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 94,974
▼ 14% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 1,953,482 | € 638,077 | € 1,427,730 | ▲ 124% |
| Profit after taxes | € 876,367 | € -131,059 | € 78,812 | ▲ € 209,871 |
| Equity | € 1,790,850 | € 781,728 | € 167,008 | ▼ 79% |
| Total debts | € 623,758 | € 658,761 | € 1,846,276 | ▲ 180% |
| Cash | € 50,848 | € 134,413 | € 68,025 | ▼ 49% |
| Land & buildings | € 505,812 | - | - | |
| Retained profit | € 1,759,863 | € 766,012 | € 151,291 | ▼ 80% |
| Dividend | € 0 | € 0 | € 693,532 | |
| Bank debt | € 270,483 | € 105,308 | € 507,578 | ▲ € 402,270 |
| Balance sheet total | € 2,666,923 | € 1,491,943 | € 2,038,356 | ▲ 37% |
| Employees (FTE) | 17.2 | 15.1 | 14.4 | ▼ 0.7 |
Key figures of RETSILVER MARIAKERKE, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 May 2027.
What happened to RETSILVER MARIAKERKE?
What happened at RETSILVER MARIAKERKE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 78,812. Source: NBB ↗
- Retsilver Linings BV became a director. NBB
- Jose Willaert stepped down as director. NBB
- Christine Devenyn stepped down as director. NBB
- New establishment in Gent. KBO
- Jose Willaert became a director. NBB
- Christine Devenyn became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 876,367 profit in 2021 to € 78,812 profit in 2025.
Paid € 63,419 in corporate taxes since 2021.
Best year ever: 2021, with € 876,367 profit.
On average € 99,100 of value added per employee in 2025.
Management
The stake of Retsilver Linings comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RETSILVER MARIAKERKEBehind RETSILVER MARIAKERKE is Retsilver Linings BV. The shares are held by Retsilver Linings (100%).
Directors
According to the 2025 annual accounts
Director · represented by Yannick Haemers
Also active at: WARCO, Retsilver Eeklo, Retsilver Macellaio, RETSILVER OOSTROZEBEKE
since 2024
since 1981 · until 2024
since 1981 · until 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 494
9030 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.235.019
- VAT number
- BE 0405.235.019
- Registered office
- Brugsesteenweg 494, 9030 Gent
- Names & denominations
- RETSILVER MARIAKERKE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 1960
- Peppol
- Active · Active since 19 Dec 2025
- Contact
- [email protected] 0473607128
- Activities · NACE
Supermarkten (verkoopsoppervlakte tussen 400 m2 en minder dan 2.500 m2)
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Overige niet-gespecialiseerde detailhandel
Grootwarenhuizen (verkoop van overwegend niet-voedingsmiddelen met verkoopsopp.vanaf 2.500 m2)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte. = 2500 m²)