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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ilse Baes from Lievegem, company number BE0470883035, closed financial year 2025 with a result of € -31,372 after tax. For that financial year Ilse Baes recorded a gross margin of € 980,906 and equity of € 48,320. Compared with financial year 2024, the result moved from € -43,816 to € -31,372. 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 September 30, 2026.
€ 48,320
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,372
▲ 28 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,877
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 28,320.
People and assets in 2025
€ 894,451
▼ 11% 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.
€ 233,180
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 242,264
▼ 27% vs 2024
€ 84,483 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 81,251
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,303
▼ 49% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 661,245 | € 983,423 | € 1,082,181 | € 980,906 | ▼ 9% |
| Profit after taxes | € -48,186 | € 51,876 | € -43,816 | € -31,372 | ▲ € 12,444 |
| Equity | € 71,633 | € 123,509 | € 79,693 | € 48,320 | ▼ 39% |
| Total debts | € 250,361 | € 494,564 | € 586,849 | € 484,706 | ▼ 17% |
| Cash | € 87,092 | € 161,321 | € 55,610 | € 4,877 | ▼ 91% |
| Retained profit | € 51,633 | € 103,509 | € 59,693 | € 28,320 | ▼ 53% |
| Bank debt | € 92,449 | € 301,762 | € 332,837 | € 242,264 | ▼ 27% |
| Balance sheet total | € 321,994 | € 618,073 | € 666,542 | € 533,027 | ▼ 20% |
Key figures of Ilse Baes, 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 Ilse Baes?
What happened at Ilse Baes in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 31,372. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Lievegem. KBO
In short
From € 48,186 loss in 2022 to € 31,372 loss in 2025.
Paid € 33,284 in corporate taxes since 2022.
Best year ever: 2023, with € 51,876 profit.
Management
Behind Ilse Baes is Ilse Baes.
Directors
According to the 2025 annual accounts
Ilse Baes
Director
Establishments
Establishment units
Physical locations of this company
Schouwbroekstraat 58
9921 Lievegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0470.883.035
- VAT number
- BE 0470.883.035
- Registered office
- Schouwbroekstraat 58, 9921 Lievegem
- Names & denominations
- Ilse Baes
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 2000
- Peppol
- Active · Active since 9 Oct 2025
- Contact
- [email protected] 0495/21.95.06
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