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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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
KUVARCO from Knokke-Heist, company number BE0475214876, closed financial year 2025 with a result of € 645,843 after tax. For that financial year KUVARCO recorded a gross margin of € 1.2 million and equity of € 4.7 million. Compared with financial year 2024, the result moved from € 892,125 to € 645,843. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2025.
€ 4.7 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 645,843
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 636,443
▲ 95% 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 € 4.7 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 52,344
▲ 124% 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.
€ 39,678
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 736,318
▼ 9% vs 2024
€ 96,500 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 207,266
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 59,380
▼ 65% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 795,883 | € 756,054 | € 1,488,477 | € 1,165,698 | ▼ 22% |
| Profit after taxes | € 447,750 | € 361,967 | € 892,125 | € 645,843 | ▼ 28% |
| Equity | € 2,820,124 | € 3,182,091 | € 4,074,216 | € 4,720,059 | ▲ 16% |
| Total debts | € 2,875,337 | € 3,331,814 | € 3,033,953 | € 2,895,085 | ▼ 5% |
| Cash | € 65,653 | € 413,132 | € 327,178 | € 636,443 | ▲ 95% |
| Land & buildings | € 3,374,381 | € 3,859,094 | € 4,624,961 | € 4,666,874 | ▲ 1% |
| Retained profit | € 2,757,124 | € 3,119,091 | € 4,011,216 | € 4,657,059 | ▲ 16% |
| Bank debt | € 973,701 | € 915,714 | € 808,996 | € 736,318 | ▼ 9% |
| Balance sheet total | € 5,739,695 | € 6,556,578 | € 7,149,267 | € 7,654,666 | ▲ 7% |
Key figures of KUVARCO, 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 October 2026.
What happened to KUVARCO?
What happened at KUVARCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kurt Scherrens stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 645,843 (▼ 28% vs 2024). Source: NBB ↗
- Isabelle Cooreman became a director. NBB
- Kurt Scherrens became a director. NBB
- New establishment in Wingene. KBO
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 447,750 profit in 2022 to € 645,843 profit in 2025.
Paid € 793,947 in corporate taxes since 2022.
Best year ever: 2024, with € 892,125 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
Behind KUVARCO is Isabelle Cooreman. Isabelle Cooreman is also behind COOREMAN ISABELLE.
Directors
According to the 2025 annual accounts
since 2023
Kurt Scherrens
Managing director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Louis Ludwiglaan 6
8300 Knokke-Heist
Egemsestraat 77A
8750 Wingene
Active since 1 October 2010
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0475.214.876
- VAT number
- BE 0475.214.876
- Registered office
- Louis Ludwiglaan 6, 8300 Knokke-Heist
- Names & denominations
- KUVARCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2001
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
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