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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Werkhuizen Coysman from Tielt, company number BE0407030608, closed financial year 2025 with a result of € -278,600 after tax. For that financial year Werkhuizen Coysman recorded a gross margin of € 445,643 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € -10,897 to € -278,600. 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 7, 2026.
€ 1.2 million
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -278,600
▼ 2457 % more loss than in 2024
Profit after tax over the fiscal year.
€ 577,560
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 983,609.
People and assets in 2025
12.3
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 624,967
▲ 3% vs 2024
€ 50,800 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.
€ 13,144
▼ 59% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 113,050
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 62,849
▼ 41% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 678,235 | € 846,485 | € 693,237 | € 445,643 | ▼ 36% |
| Profit after taxes | € 66,142 | € 213,344 | € -10,897 | € -278,600 | ▼ € 267,703 |
| Equity | € 2,859,762 | € 1,473,106 | € 1,462,209 | € 1,183,609 | ▼ 19% |
| Total debts | € 205,040 | € 561,837 | € 473,653 | € 405,634 | ▼ 14% |
| Cash | € 548,429 | € 541,969 | € 702,553 | € 577,560 | ▼ 18% |
| Land & buildings | € 374,061 | € 356,179 | € 338,596 | € 338,596 | |
| Retained profit | € 2,659,762 | € 1,273,106 | € 1,262,209 | € 983,609 | ▼ 22% |
| Dividend | € 0 | € 1,600,000 | € 0 | € 0 | |
| Balance sheet total | € 3,069,748 | € 2,037,392 | € 1,935,862 | € 1,589,243 | ▼ 18% |
| Employees (FTE) | 9.5 | 10.2 | 12.1 | 12.3 | ▲ 0.2 |
Key figures of Werkhuizen Coysman, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 June 2027.
What happened to Werkhuizen Coysman?
What happened at Werkhuizen Coysman in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Claude Coeman stepped down as director. NBB
- DELOCONSTRUCT NV stepped down as director. NBB
- DELINVEST NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 278,600. filed late Source: NBB ↗
- Jean-Claude Coeman became a director. NBB
- DELOCONSTRUCT NV became a director. NBB
- DELINVEST NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 66,142 profit in 2022 to € 278,600 loss in 2025.
Paid € 95,249 in corporate taxes since 2022.
Best year ever: 2023, with € 213,344 profit.
On average € 36,200 of value added per employee in 2025.
Management
The stake of DELINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Werkhuizen CoysmanThe shares are held by DELINVEST (100%).
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Director · represented by Gilles Coeman
since 2024 · until 2030
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oude Diksmuidse Boterweg 16A
8760 Tielt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
Domain
Domain
werco.be
Registered
1999-10-15
Website info
Features
Security
Network
Details
- Company number
- 0407.030.608
- VAT number
- BE 0407.030.608
- Registered office
- Oude Diksmuidse Boterweg 16A, 8760 Tielt
- Names & denominations
- Werkhuizen Coysman · Werco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 March 1970
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- werco.be [email protected] +32 51 48 91 44
- Activities · NACE
Vervaardiging van fineer en van panelen op basis van hout
Vervaardiging van panelen en platen van hout
Vervaardiging van ander schrijn- en timmerwerk
Vervaardiging van schrijn- en timmerwerk