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.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COURS ROUSSEAU from Liège, company number BE0466127956, closed financial year 2025 with a result of € -37,771 after tax. For that financial year COURS ROUSSEAU recorded a gross margin of € 128,437 and equity of € 162,462. Compared with financial year 2024, the result moved from € -22,310 to € -37,771. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ 162,462
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,771
▼ 69 % more loss than in 2024
Profit after tax over the fiscal year.
€ 152,344
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 46,299.
People and assets in 2025
€ 49,138
▲ 6% 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.
€ 10,312
▼ 76% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 133,769
▼ 17% vs 2024
€ 16,547 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1,500
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 101,504 | € 122,757 | € 114,816 | € 128,437 | ▲ 12% |
| Profit after taxes | € -1,760 | € -10,623 | € -22,310 | € -37,771 | ▼ € 15,461 |
| Equity | € 233,166 | € 222,543 | € 200,233 | € 162,462 | ▼ 19% |
| Total debts | € 1,023,537 | € 861,506 | € 1,040,849 | € 962,170 | ▼ 8% |
| Cash | € 812,600 | € 233,699 | € 176,688 | € 152,344 | ▼ 14% |
| Land & buildings | € 368,505 | € 640,429 | € 983,505 | € 907,013 | ▼ 8% |
| Retained profit | € 127,563 | € 106,380 | € 84,070 | € 46,299 | ▼ 45% |
| Bank debt | € 60,069 | € 30,329 | € 160,873 | € 133,769 | ▼ 17% |
| Balance sheet total | € 1,266,803 | € 1,094,149 | € 1,251,182 | € 1,134,732 | ▼ 9% |
Key figures of COURS ROUSSEAU, 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 COURS ROUSSEAU?
What happened at COURS ROUSSEAU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 37,771. filed late Source: NBB ↗
- THIERRY JOYE became a director. NBB
- VILMA GIANAROLI became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,760 loss in 2022 to € 37,771 loss in 2025.
Paid € 119 in corporate taxes since 2022.
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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
Behind COURS ROUSSEAU are THIERRY JOYE and VILMA GIANAROLI. THIERRY JOYE is also behind INTERNATIONAL SERVICES AND PRODUCTS and Domaine de Bougalou. VILMA GIANAROLI is also behind SOFINTRA.
Directors
According to the 2025 annual accounts
THIERRY JOYE
Managing director
Also active at: INTERNATIONAL SERVICES AND PRODUCTS, Domaine de Bougalou
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Quai de Rome 89 box 91
4000 Liège
Quai de Rome 89 box 81
4000 Liège
Active since 14 July 1999
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0466.127.956
- VAT number
- BE 0466.127.956
- Registered office
- Quai de Rome 89 bus 91, 4000 Liège
- Names & denominations
- COURS ROUSSEAU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 May 1999
- Peppol
- Active · Active since 20 Jan 2026
- Activities · NACE
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