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 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Flandrien from Wervik, company number BE0422713429, closed financial year 2025 with a result of € 1.3 million after tax. For that financial year Flandrien recorded revenue of € 29.7 million and equity of € 4.3 million. Compared with financial year 2024, the result moved from € 410,772 to € 1.3 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 4.3 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.3 million
▲ 207% vs 2024
Profit after tax over the fiscal year.
€ 166,317
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 475,000 paid out
38 % of the profit went to the shareholders, mostly to JAN DESMET (100 % of the shares). That is where the money ends up.
People and assets in 2025
18
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 10% vs 2024
€ 65,000 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.
€ 142,232
▲ 64% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.5 million
▼ 20% vs 2024
€ 578,400 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 6 million
▲ 38% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 308,558
▲ 86% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 15,281,789 | € 19,508,400 | € 23,212,368 | € 29,661,192 | ▲ 28% |
| Profit after taxes | € 20,429 | € 397,842 | € 410,772 | € 1,260,372 | ▲ 207% |
| Equity | € 2,638,962 | € 3,036,804 | € 3,447,576 | € 4,254,273 | ▲ 23% |
| Total debts | € 6,595,266 | € 6,449,684 | € 8,719,321 | € 9,479,971 | ▲ 9% |
| Cash | € 465,958 | € 912,262 | € 356,647 | € 166,317 | ▼ 53% |
| Land & buildings | € 1,441,976 | € 1,386,046 | € 2,911,286 | € 3,426,653 | ▲ 18% |
| Retained profit | € 2,033,391 | € 2,431,233 | € 2,842,005 | € 3,627,376 | ▲ 28% |
| Dividend | € 0 | € 0 | € 0 | € 475,000 | |
| Bank debt | € 1,671,564 | € 1,421,144 | € 3,122,465 | € 2,504,811 | ▼ 20% |
| Balance sheet total | € 9,257,623 | € 9,503,118 | € 12,176,762 | € 13,737,344 | ▲ 13% |
| Employees (FTE) | 15 | 16.1 | 15.4 | 18 | ▲ 2.6 |
Key figures of Flandrien, 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 Flandrien?
What happened at Flandrien in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jan Desmet BV stepped down as director. NBB
- Helga Deloof stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.3 million (▲ 207% vs 2024). Source: NBB ↗
- Jan Desmet BV became a director. NBB
- Helga Deloof became a director. NBB
- New establishment in Wervik. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,429 profit in 2022 to € 1.3 million profit in 2025.
Paid € 589,882 in corporate taxes since 2022.
Best year ever: 2025, with € 1.3 million profit.
Paid out € 475,000 in dividends to the owners in total.
Management
The stake of JAN DESMET comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FlandrienThe shares are held by JAN DESMET (100%).
Directors
According to the 2025 annual accounts
since 2023 · until 2028
Helga Deloof
Managing director
since 2023 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Robert Klingstraat 35
8940 Wervik
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.713.429
- VAT number
- BE 0422.713.429
- Registered office
- Robert Klingstraat 35, 8940 Wervik
- Names & denominations
- Flandrien
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 April 1982
- Peppol
- Active · Active since 8 Jul 2025
- Activities · NACE
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