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 4 of the last 4 fiscal years.
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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 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Het Spoor from Turnhout, company number BE0444959289, closed financial year 2025 with a result of € -49,596 after tax. For that financial year Het Spoor recorded a gross margin of € -18,899 and equity of € -373,664. Compared with financial year 2024, the result moved from € -15,398 to € -49,596. 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 March 18, 2026.
€ -373,664
▼ € 49,596 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -49,596
▼ 222 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,394
▲ € 1,385 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -435,664.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 110,618
▼ 37% vs 2024
€ 28,909 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 734
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 11,228 | € 12,062 | € 12,331 | € -18,899 | ▼ € 31,230 |
| Profit after taxes | € -11,046 | € -8,119 | € -15,398 | € -49,596 | ▼ € 34,197 |
| Equity | € -292,501 | € -308,670 | € -324,068 | € -373,664 | ▼ € 49,596 |
| Total debts | € 477,683 | € 474,584 | € 478,129 | € 509,356 | ▲ 7% |
| Cash | € 3,464 | - | € 9 | € 1,394 | ▲ € 1,385 |
| Land & buildings | € 181,709 | € 165,905 | € 154,052 | € 134,298 | ▼ 13% |
| Retained profit | € -354,501 | € -370,670 | € -386,068 | € -435,664 | ▼ € 49,596 |
| Bank debt | € 194,092 | € 199,130 | € 176,526 | € 110,618 | ▼ 37% |
| Balance sheet total | € 185,182 | € 165,914 | € 154,061 | € 135,692 | ▼ 12% |
Key figures of Het Spoor, 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 Het Spoor?
What happened at Het Spoor in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 49,596. Source: NBB ↗
- Nadine Vanderlinden - nalatenschap stepped down as director. NBB
- Daniel Ceusters became a director. NBB
- Nadine Vanderlinden - nalatenschap became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 11,046 loss in 2022 to € 49,596 loss in 2025.
Management
Behind Het Spoor is Daniel Ceusters.
Directors
According to the 2025 annual accounts
Daniel Ceusters
Director
since 1991
Nadine Vanderlinden - nalatenschap
Managing director
since 1991 · until 2024
Establishments
Establishment units
Physical locations of this company
Heilig Hartstraat 72 box 1
2300 Turnhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0444.959.289
- VAT number
- BE 0444.959.289
- Registered office
- Heilig Hartstraat 72 bus 1, 2300 Turnhout
- Names & denominations
- Het Spoor
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 August 1991
- Peppol
- Active · Active since 7 Oct 2025