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.
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Tight liquidity NBB
Cash and receivables cover 47 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 45.5 to 31.6.
Financials
Financial year 2025
P & L from Kalmthout, company number BE0431743337, closed financial year 2025 with a result of € -495,072 after tax. For that financial year P & L recorded a gross margin of € 2.5 million and equity of € 1 million. Compared with financial year 2024, the result moved from € -120,065 to € -495,072. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 1 million
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -495,072
▼ 312 % more loss than in 2024
Profit after tax over the fiscal year.
€ 387,886
▲ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 475,641.
People and assets in 2025
31.6
▼ 4.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
€ 76,500 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.
€ 20,025
▲ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▲ 58% vs 2024
€ 276,226 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.8 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 156,010
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 15,670,920 | - | - | |
| Gross margin | € 3,625,820 | - | € 2,774,445 | € 2,549,825 | ▼ 8% |
| Profit after taxes | € 202,375 | € 117,703 | € -120,065 | € -495,072 | ▼ € 375,007 |
| Equity | € 1,382,268 | € 1,499,971 | € 1,364,480 | € 1,042,906 | ▼ 24% |
| Total debts | € 5,306,734 | € 5,027,475 | € 3,862,081 | € 5,096,488 | ▲ 32% |
| Cash | € 237,457 | € 446,010 | € 263,316 | € 387,886 | ▲ 47% |
| Land & buildings | € 10,544 | € 10,544 | € 10,544 | € 10,544 | |
| Retained profit | € 973,075 | € 1,090,778 | € 970,713 | € 475,641 | ▼ 51% |
| Bank debt | € 2,380,074 | € 1,921,873 | € 1,955,439 | € 3,089,942 | ▲ 58% |
| Balance sheet total | € 6,689,002 | € 6,527,446 | € 5,226,561 | € 6,139,393 | ▲ 17% |
| Employees (FTE) | 45.2 | 45.5 | 35.8 | 31.6 | ▼ 4.2 |
Key figures of P & L, 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 P & L?
What happened at P & L in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 495,072. filed late Source: NBB ↗
- New establishment in Kalmthout. KBO
- Start of the company according to the CBE. KBO
In short
From € 202,375 profit in 2022 to € 495,072 loss in 2025.
Paid € 2,526 in corporate taxes since 2022.
Best year ever: 2022, with € 202,375 profit.
On average € 80,700 of value added per employee in 2025.
Management
The stake of WING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
P & LBehind P & L is WIM HERRIJGERS. The shares are held by WING (100%).
Establishments
Establishment units
Physical locations of this company
Brasschaatsteenweg (C) 290
2920 Kalmthout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →RM
€ -64,120 gross margin · 2025
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K.V. same network
€ 54,374 gross margin · 2025
FREEFORM
€ -60,597 gross margin · 2025
Malis
€ -43,687 gross margin · 2025
+1 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
- 0431.743.337
- VAT number
- BE 0431.743.337
- Registered office
- Brasschaatsteenweg (C) 290, 2920 Kalmthout
- Names & denominations
- P & L · “VASCO KEUKENS” en “KEUKENS VASCO”
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 1987
- Peppol
- Active · Active since 21 Apr 2026
- Activities · NACE
Detailhandel in huismeubilair
Detailhandel in meubels
Detailhandel in huismeubilair in gespecialiseerde winkels