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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
Financials
Financial year 2025
KOEHL & BORKELMANS from Maaseik, company number BE0439517391, closed financial year 2025 with a result of € -61,343 after tax. For that financial year KOEHL & BORKELMANS recorded a gross margin of € 89,505 and equity of € -46,677. Compared with financial year 2024, the result moved from € 36,151 to € -61,343. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ -46,677
▼ € 61,343 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -61,343
▼ still € 36,151 profit in 2024
Profit after tax over the fiscal year.
€ 31,293
▲ € 28,413 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -108,677.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 151,500
▲ 4% vs 2024
€ 75,800 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.
€ 7,631
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 50,000
Loans from banks and other lenders, long and short.
€ 150,325
▲ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,762
▲ 4% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 175,756 | € 180,166 | € 185,496 | € 89,505 | ▼ 52% |
| Profit after taxes | € 40,798 | € 21,535 | € 36,151 | € -61,343 | ▼ € 97,494 |
| Equity | € -43,019 | € -21,484 | € 14,667 | € -46,677 | ▼ € 61,343 |
| Total debts | € 130,919 | € 151,581 | € 235,592 | € 240,874 | ▲ 2% |
| Cash | € 200 | € 2,690 | € 2,879 | € 31,293 | ▲ € 28,413 |
| Land & buildings | € 6,000 | € 6,000 | € 6,000 | € 6,000 | |
| Retained profit | € -105,019 | € -83,484 | € -47,333 | € -108,677 | ▼ € 61,343 |
| Bank debt | € 51,156 | € 50,000 | € 50,000 | € 50,000 | |
| Balance sheet total | € 87,900 | € 130,096 | € 250,259 | € 194,197 | ▼ 22% |
| Employees (FTE) | 2.2 | 2 | 2 | 2 |
Key figures of KOEHL & BORKELMANS, 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 KOEHL & BORKELMANS?
What happened at KOEHL & BORKELMANS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 61,343 (▼ € 97,494 vs 2024). Source: NBB ↗
- Willy Borkelmans stepped down as director. NBB
- Liliane De Leeneer stepped down as director. NBB
- Willy Borkelmans became a director. NBB
- Liliane De Leeneer became a director. NBB
- New establishment in Maaseik. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,798 profit in 2022 to € 61,343 loss in 2025.
Best year ever: 2022, with € 40,798 profit.
On average € 44,800 of value added per employee in 2025.
Management
The stake of WILLY BORKELMANS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KOEHL & BORKELMANSThe shares are held by WILLY BORKELMANS (99%).
Directors
According to the 2025 annual accounts
since 2019 · until 2025
Liliane De Leeneer
Director
since 2019 · until 2025
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Javanastraat 39
3680 Maaseik
Torenstraat 3
3680 Maaseik
Active since 20 January 2003
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
- 0439.517.391
- VAT number
- BE 0439.517.391
- Registered office
- Javanastraat 39, 3680 Maaseik
- Names & denominations
- KOEHL & BORKELMANS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1989
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
Handelsbemiddeling in de groothandel in textiel, kleding, bont, schoeisel en lederwaren
Handelsbemiddeling in textiel, kleding, schoeisel en artikelen van leer
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.