Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.7 to 8.5.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
FOLLAETS PAINTING from Dendermonde, company number BE0473542221, closed financial year 2025 with a result of € 76,594 after tax. For that financial year FOLLAETS PAINTING recorded a gross margin of € 673,142 and equity of € 16,283. Compared with financial year 2024, the result moved from € -347,970 to € 76,594. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 16,283
▲ € 76,594 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,594
▲ still € 347,970 loss in 2024
Profit after tax over the fiscal year.
€ 53,757
▼ 7% 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 € -99,100.
People and assets in 2025
8.5
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 548,325
▼ 11% vs 2024
€ 64,500 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.
€ 3,378
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 372,689
▲ € 285,457 vs 2024
€ 49,650 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 47,628
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,991
▼ 61% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 627,871 | € 677,741 | € 308,736 | € 673,142 | ▲ 118% |
| Profit after taxes | € -2,195 | € -3,219 | € -347,970 | € 76,594 | ▲ € 424,564 |
| Equity | € 290,878 | € 287,659 | € -60,311 | € 16,283 | ▲ € 76,594 |
| Total debts | € 365,316 | € 407,795 | € 658,308 | € 526,575 | ▼ 20% |
| Cash | € 110,267 | € 118,100 | € 57,943 | € 53,757 | ▼ 7% |
| Land & buildings | € 312,030 | € 299,189 | € 286,353 | € 273,517 | ▼ 4% |
| Retained profit | € 175,495 | € 172,276 | € -175,694 | € -99,100 | ▲ € 76,594 |
| Bank debt | € 109,578 | € 98,508 | € 87,232 | € 372,689 | ▲ € 285,457 |
| Balance sheet total | € 656,194 | € 695,454 | € 597,998 | € 542,859 | ▼ 9% |
| Employees (FTE) | 11.9 | 11.7 | 11.3 | 8.5 | ▼ 2.8 |
Key figures of FOLLAETS PAINTING, 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 FOLLAETS PAINTING?
What happened at FOLLAETS PAINTING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 76,594. Source: NBB ↗
- Vicky NIES became a director. NBB
- I-NEED BV became a director. NBB
- Erik GROES stepped down as director. NBB
- IN FACTUM BV stepped down as director. NBB
- IN FACTUM BV became a director. NBB
- Erik GROES became a director. NBB
- New establishment in Dendermonde. KBO
In short
From € 2,195 loss in 2022 to € 76,594 profit in 2025.
Paid € 10,473 in corporate taxes since 2022.
Best year ever: 2025, with € 76,594 profit.
On average € 79,200 of value added per employee in 2025.
A new publication or filing at FOLLAETS PAINTING? We notify you, reason included.
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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
The stake of G2G Invest, CORDEEL GROUP, I-NEED comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FOLLAETS PAINTINGBehind FOLLAETS PAINTING are Vicky NIES and I-NEED BV. The shares are held by G2G Invest (100%), CORDEEL GROUP (50%) and I-NEED (50%).
Directors
According to the 2025 annual accounts
since 2025
Bestuurder · represented by Erik GROES
Also active at: NLT-Pivaco Group, G2G Invest, FLYWEL, FG-Software
since 2025
since 2023 · until 2025
Bestuurder · represented by Christophe HOLTHOF
Also active at: IMTECH BELGIE, C-Tech Holding, C-CONCRETE, ELEKTROTECHNIEK VAN HECKE, C-guard, OFF SITE BELGIUM, Baeck Cladding, G2G Invest +2 more
since 2024 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steenkaaistraat (BAA) 6
9200 Dendermonde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
follaets.com
Registered
2020-11-11
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-11-11
Website info
Features
Security
Network
Details
- Company number
- 0473.542.221
- VAT number
- BE 0473.542.221
- Registered office
- Steenkaaistraat (BAA) 6, 9200 Dendermonde
- Names & denominations
- FOLLAETS PAINTING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 December 2000
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- follaets.com
- Activities · NACE
Schilderen
Schilderen van gebouwen
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2