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 7 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 16.9 to 14.2.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
De Beide Vlaanderen from Kortemark, company number BE0405489197, closed financial year 2025 with a result of € 179,084 after tax. For that financial year De Beide Vlaanderen recorded revenue of € 4.6 million and equity of € 15.8 million. Compared with financial year 2024, the result moved from € -779,486 to € 179,084. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 15.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 179,084
▲ still € 779,486 loss in 2024
Profit after tax over the fiscal year.
€ 107,976
▲ 106% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 250,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
14.2
▼ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 2% vs 2024
€ 85,800 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.
€ 20,386
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 5 million
Loans from banks and other lenders, long and short.
€ 184,327
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 36 days on average.
€ 263,250
▲ 60% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,134,365 | € 6,300,686 | € 3,218,225 | € 4,639,492 | ▲ 44% |
| Profit after taxes | € 1,230,919 | € 2,037,487 | € -779,486 | € 179,084 | ▲ € 958,570 |
| Equity | € 14,619,564 | € 16,657,051 | € 15,877,565 | € 15,806,649 | |
| Total debts | € 31,225,046 | € 29,090,027 | € 30,991,509 | € 30,132,153 | ▼ 3% |
| Cash | € 155,562 | € 73,234 | € 52,349 | € 107,976 | ▲ 106% |
| Retained profit | € 3,584,219 | € 5,621,706 | € 4,842,220 | € 4,771,304 | ▼ 1% |
| Dividend | € 1,018,891 | € 0 | € 0 | € 250,000 | |
| Bank debt | € 563,652 | € 271,116 | € 5,000,000 | € 5,000,000 | |
| Balance sheet total | € 45,844,610 | € 45,747,078 | € 46,869,074 | € 45,938,801 | ▼ 2% |
| Employees (FTE) | 17.5 | 16.9 | 16.7 | 14.2 | ▼ 2.5 |
Key figures of De Beide Vlaanderen, 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 De Beide Vlaanderen?
What happened at De Beide Vlaanderen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Floverence CommV stepped down as director. NBB
- Celestate CommV stepped down as director. NBB
- Wim Verhaeghe stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 179,084. Source: NBB ↗
- Floverence CommV became a director. NBB
- Celestate CommV became a director. NBB
- Wim Verhaeghe became a director. NBB
- New establishment in Kortemark. KBO
In short
From € 1.2 million profit in 2022 to € 179,084 profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2023, with € 2 million profit.
Paid out € 1.3 million in dividends to the owners in total.
A new publication or filing at De Beide Vlaanderen? We notify you, reason included.
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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
It owns 100% of Terra2, 100% of Hyboma and 100% of Statiehuis itself.
Directors
According to the 2025 annual accounts
Director · represented by Florence Verhaeghe
since 2022 · until 2028
Director · represented by Célestine Verhaeghe
since 2022 · until 2028
Wim Verhaeghe
Managing director
Also active at: WOLVELD², TERRA2, STATIEHUIS, VLASMEERS², ACTUEEL WONEN, HAEGHEMEERSCH, ZEE & POLDER, HYBOMA +2 more
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Den Triangel 2
8610 Kortemark
Wilgenlaan 39
8610 Kortemark
Active since 19 October 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →WOLVELD² same network
€ 0 revenue · 2025
KLARIBO
€ 75,048 gross margin · 2025
TERRA2 same network
€ 11.4 million revenue · 2025
STATIEHUIS same network
€ 426,102 revenue · 2025
VLASMEERS² same network
€ -2,805 gross margin · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.489.197
- VAT number
- BE 0405.489.197
- Registered office
- Den Triangel 2, 8610 Kortemark
- Names & denominations
- De Beide Vlaanderen
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 1960
- Peppol
- Active · Active since 7 May 2025
- Activities · NACE
Activiteiten van holdings
Ontwikkeling van residentiële bouwprojecten
Holdings