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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Shrinking team NBB
FTE fell two years in a row, from 23.6 to 18.8.
Financials
Financial year 2025
VILLE DE COURTRAI from Harelbeke, company number BE0441083249, closed financial year 2025 with a result of € 3,249 after tax. For that financial year VILLE DE COURTRAI recorded a gross margin of € 2 million and equity of € 787,802. Compared with financial year 2024, the result moved from € 93,229 to € 3,249. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 787,802
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,249
▼ 97% vs 2024
Profit after tax over the fiscal year.
€ 132,658
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 608,062.
People and assets in 2025
18.8
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 7% vs 2024
€ 73,000 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.
€ 1.2 million
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 23% vs 2024
€ 448,452 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 670,157
Supplier invoices still open on the last day of the fiscal year.
€ 100,435
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,501,544 | € 1,601,024 | € 1,913,292 | € 1,988,433 | ▲ 4% |
| Profit after taxes | € 93,623 | € 58,427 | € 93,229 | € 3,249 | ▼ 97% |
| Equity | € 682,896 | € 691,324 | € 784,552 | € 787,802 | |
| Total debts | € 1,833,698 | € 1,539,399 | € 2,202,817 | € 1,897,710 | ▼ 14% |
| Cash | € 665,206 | € 409,793 | € 172,942 | € 132,658 | ▼ 23% |
| Land & buildings | € 189,935 | € 176,797 | € 163,660 | € 150,523 | ▼ 8% |
| Retained profit | € 503,157 | € 511,584 | € 604,813 | € 608,062 | ▲ 1% |
| Dividend | € 0 | € 50,000 | € 0 | € 0 | |
| Bank debt | € 898,461 | € 625,522 | € 1,324,365 | € 1,017,913 | ▼ 23% |
| Balance sheet total | € 2,516,594 | € 2,230,722 | € 2,989,294 | € 2,686,973 | ▼ 10% |
| Employees (FTE) | 21.1 | 23.6 | 20 | 18.8 | ▼ 1.2 |
Key figures of VILLE DE COURTRAI, 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 VILLE DE COURTRAI?
What happened at VILLE DE COURTRAI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,249 (▼ 97% vs 2024). Source: NBB ↗
- Mardes NV became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 93,623 profit in 2022 to € 3,249 profit in 2025.
Paid € 109,952 in corporate taxes since 2022.
Best year ever: 2022, with € 93,623 profit.
On average € 105,800 of value added per employee in 2025.
Management
The stake of MARDES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VILLE DE COURTRAIBehind VILLE DE COURTRAI is Mardes NV. The shares are held by MARDES (98.7%).
Directors
According to the 2025 annual accounts
since 2025
Shareholders
98.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Blokkestraat 12
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0441.083.249
- VAT number
- BE 0441.083.249
- Registered office
- Blokkestraat 12, 8530 Harelbeke
- Names & denominations
- VILLE DE COURTRAI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 1990
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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