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 14 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COURAGE from Kasterlee, company number BE0453284958, closed financial year 2025 with a result of € -41,396 after tax. For that financial year COURAGE recorded a gross margin of € 36,277 and equity of € 299,543. Compared with financial year 2024, the result moved from € -25,453 to € -41,396. 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 June 2, 2026.
€ 299,543
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -41,396
▼ 63 % more loss than in 2024
Profit after tax over the fiscal year.
€ 8,955
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19,057.
People and assets in 2025
€ 32,397
▼ 53% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,671
▲ € 4,393 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 158,845
▼ 9% vs 2024
€ 16,330 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 8,496
▲ 279% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,922
▼ 88% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 85,400 | € 205,266 | € 96,884 | € 36,277 | ▼ 63% |
| Profit after taxes | € -15,262 | € 83,369 | € -25,453 | € -41,396 | ▼ € 15,943 |
| Equity | € 283,022 | € 366,392 | € 340,939 | € 299,543 | ▼ 12% |
| Total debts | € 388,216 | € 258,203 | € 285,433 | € 206,682 | ▼ 28% |
| Cash | € 13,092 | € 16,438 | € 109,369 | € 8,955 | ▼ 92% |
| Land & buildings | € 616,724 | € 552,641 | € 495,243 | € 465,774 | ▼ 6% |
| Retained profit | € -35,578 | € 47,792 | € 22,339 | € -19,057 | ▼ € 41,396 |
| Bank debt | € 317,267 | € 191,741 | € 174,822 | € 158,845 | ▼ 9% |
| Balance sheet total | € 671,239 | € 624,595 | € 626,372 | € 506,224 | ▼ 19% |
Key figures of COURAGE, 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 COURAGE?
What happened at COURAGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 41,396. Source: NBB ↗
- New establishment in Kasterlee. KBO
- Annick Van Gestel became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 15,262 loss in 2022 to € 41,396 loss in 2025.
Paid € 18,604 in corporate taxes since 2022.
Best year ever: 2023, with € 83,369 profit.
Management
Behind COURAGE is Annick Van Gestel.
Directors
According to the 2025 annual accounts
Annick Van Gestel
Director
since 1994
Establishments
Establishment units
Physical locations of this company
Turnhoutsebaan 184
2460 Kasterlee
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0453.284.958
- VAT number
- BE 0453.284.958
- Registered office
- Turnhoutsebaan 184, 2460 Kasterlee
- Names & denominations
- COURAGE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 1994
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Kappers- en barbiersactiviteiten
Kapsalons
Haarverzorging