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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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M. EN A. Verlinden from Aarschot, company number BE0447768232, closed financial year 2025 with a result of € 79,181 after tax. For that financial year M. EN A. Verlinden recorded a gross margin of € 247,386 and equity of € -113,504. Compared with financial year 2024, the result moved from € 40,126 to € 79,181. Profitable, and profit is growing. 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 January 30, 2026.
€ -113,504
▲ € 79,181 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 79,181
▲ 97% vs 2024
Profit after tax over the fiscal year.
€ 28,167
▼ 61% 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 € -662,341.
People and assets in 2025
2.6
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 90,899
▲ 92% vs 2024
€ 35,000 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.
Debts at end 2025
€ 380,079
▼ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 139,593
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 238,860
▲ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,240 | € 32,564 | € 143,064 | € 247,386 | ▲ 73% |
| Profit after taxes | € -300,640 | € -78,010 | € 40,126 | € 79,181 | ▲ 97% |
| Equity | € -154,801 | € -232,811 | € -192,685 | € -113,504 | ▲ € 79,181 |
| Total debts | € 1,091,185 | € 1,101,049 | € 992,902 | € 1,015,582 | ▲ 2% |
| Cash | € 6,567 | € 759 | € 72,650 | € 28,167 | ▼ 61% |
| Land & buildings | € 624,469 | € 612,792 | € 601,114 | € 589,437 | ▼ 2% |
| Retained profit | € -703,637 | € -781,648 | € -741,521 | € -662,341 | ▲ € 79,181 |
| Bank debt | € 412,079 | € 512,079 | € 450,079 | € 380,079 | ▼ 16% |
| Balance sheet total | € 936,384 | € 868,238 | € 800,217 | € 902,078 | ▲ 13% |
| Employees (FTE) | 2.7 | - | 1.8 | 2.6 | ▲ 0.8 |
Key figures of M. EN A. Verlinden, 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 January 2027.
What happened to M. EN A. Verlinden?
What happened at M. EN A. Verlinden in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jeff Segers stepped down as director. NBB
- Anne Segers stepped down as director. NBB
- Arne De Meersman stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 79,181 (▲ 97% vs 2024). Source: NBB ↗
- Jeff Segers became a director. NBB
- Anne Segers became a director. NBB
- Arne De Meersman became a director. NBB
- New establishment in Aarschot. KBO
In short
From € 300,640 loss in 2022 to € 79,181 profit in 2025.
Paid € 226,194 in corporate taxes since 2022.
Best year ever: 2025, with € 79,181 profit.
On average € 95,100 of value added per employee in 2025.
Management
The stake of I.F.A. - INTERNATIONAL FREIGHT AGENCY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M. EN A. VerlindenThe shares are held by I.F.A. - INTERNATIONAL FREIGHT AGENCY (70%).
Directors
According to the 2025 annual accounts
Jeff Segers
Managing director
since 2024 · until 2030
since 2024 · until 2030
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rillaarsebaan 71
3200 Aarschot
Rillaarse Baan 71
3200 Aarschot
Active since 23 July 1992
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.768.232
- VAT number
- BE 0447.768.232
- Registered office
- Rillaarsebaan 71, 3200 Aarschot
- Names & denominations
- M. EN A. Verlinden
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 1992
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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