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 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ROYAL C from Zedelgem, company number BE0445604835, closed financial year 2025 with a result of € -3,834 after tax. For that financial year ROYAL C recorded a gross margin of € 140,265 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -38,514 to € -3,834. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 10, 2026.
€ 1.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,834
▲ 90 % less loss than in 2024
Profit after tax over the fiscal year.
€ 37,492
▼ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 573,411.
Debts at end 2025
€ 426,667
▼ 17% vs 2024
€ 85,000 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 5,181
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 217,225 | € 413,046 | € 132,363 | € 140,265 | ▲ 6% |
| Profit after taxes | € 40,549 | € 245,048 | € -38,514 | € -3,834 | ▲ € 34,680 |
| Equity | € 1,476,712 | € 1,721,760 | € 1,683,245 | € 1,679,411 | |
| Total debts | € 933,085 | € 1,506,935 | € 1,431,225 | € 1,432,896 | |
| Cash | € 959,669 | € 643,389 | € 46,051 | € 37,492 | ▼ 19% |
| Land & buildings | € 1,420,293 | € 1,366,057 | € 1,289,106 | € 1,239,407 | ▼ 4% |
| Retained profit | € 370,712 | € 615,760 | € 577,245 | € 573,411 | ▼ 1% |
| Bank debt | € 0 | € 616,667 | € 511,667 | € 426,667 | ▼ 17% |
| Balance sheet total | € 2,409,796 | € 3,228,695 | € 3,114,471 | € 3,112,306 |
Key figures of ROYAL C, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ROYAL C?
What happened at ROYAL C in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,834. Source: NBB ↗
- New establishment in Zedelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 40,549 profit in 2022 to € 3,834 loss in 2025.
Paid € 109,192 in corporate taxes since 2022.
Best year ever: 2023, with € 245,048 profit.
Management
Behind ROYAL C are Bart Coeman, Geertrui Coeman and Agnes Moeyaert. It owns 25% of Manitoba - Muylle itself.
Directors
According to the 2025 annual accounts
Bart Coeman
Managing director
Geertrui Coeman
Managing director
Agnes Moeyaert
Director
Establishments
Establishment units
Physical locations of this company
Engelstraat 13
8211 Zedelgem
Engelstraat 7
8211 Zedelgem
Active since 18 December 1991
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.604.835
- VAT number
- BE 0445.604.835
- Registered office
- Engelstraat 13, 8211 Zedelgem
- Names & denominations
- ROYAL C
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 1991
- Peppol
- Active · Active since 21 Oct 2026