Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GENOVESE from Kortrijk, company number BE0463334950, closed financial year 2025 with a result of € -62,211 after tax. For that financial year GENOVESE recorded revenue of € 350,000 and equity of € 45,896. Compared with financial year 2024, the result moved from € -16,711 to € -62,211. The company made a loss. The buffer shrank hard: equity is 58 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 45,896
▼ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -62,211
▼ 272 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,152
▼ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26,104.
People and assets in 2025
3
Average over the fiscal year, from the social balance sheet.
€ 331,403
▲ 2% vs 2024
€ 110,500 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.
€ 11,289
▼ 71% vs 2024
Of which on lease € 10,653.
Debts at end 2025
€ 901,993
▼ 52% vs 2024
€ 41,955 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 74,532
▲ € 66,000 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 538 days on average.
€ 81,063
▲ 82% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 430,564 | € 295,000 | € 442,350 | € 350,000 | ▼ 21% |
| Profit after taxes | € 154,715 | € -113,480 | € -16,711 | € -62,211 | ▼ € 45,500 |
| Equity | € 238,299 | € 124,819 | € 108,107 | € 45,896 | ▼ 58% |
| Total debts | € 1,648,171 | € 1,810,204 | € 2,014,950 | € 1,564,781 | ▼ 22% |
| Cash | € 9,454 | € 6,665 | € 12,407 | € 4,152 | ▼ 67% |
| Land & buildings | € 630,427 | € 626,996 | € 664,077 | € 382,803 | ▼ 42% |
| Retained profit | € 166,299 | € 52,819 | € 36,107 | € -26,104 | ▼ € 62,211 |
| Bank debt | € 1,497,205 | € 1,221,190 | € 1,875,807 | € 901,993 | ▼ 52% |
| Balance sheet total | € 1,886,470 | € 1,935,023 | € 2,123,058 | € 1,610,677 | ▼ 24% |
| Employees (FTE) | 3.4 | 4.1 | 3 | 3 |
Key figures of GENOVESE, 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 GENOVESE?
What happened at GENOVESE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Isabella Dhulst stepped down as director. NBB
- Serge Allaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 62,211. Source: NBB ↗
- Catharina Allaert stepped down as director. NBB
- Catharina Allaert became a director. NBB
- Isabella Dhulst became a director. NBB
- Serge Allaert became a director. NBB
- New establishment in Kortrijk. KBO
In short
From € 154,715 profit in 2022 to € 62,211 loss in 2025.
Paid € 23,060 in corporate taxes since 2022.
Best year ever: 2022, with € 154,715 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2024 · until 2025
since 2024 · until 2030
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Sint-Denijseweg(Kor) 90
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0463.334.950
- VAT number
- BE 0463.334.950
- Registered office
- Sint-Denijseweg(Kor) 90, 8500 Kortrijk
- Names & denominations
- GENOVESE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1998
- Peppol
- Active · Active since 26 Jun 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings