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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 14.9 to 6.1.
Financials
Financial year 2025
THE CHURCH COMPANY from Elsene, company number BE0477251480, closed financial year 2025 with a result of € -52,145 after tax. For that financial year THE CHURCH COMPANY recorded a gross margin of € 274,482 and equity of € -140,582. Compared with financial year 2024, the result moved from € 138,646 to € -52,145. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ -140,582
▼ € 52,145 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -52,145
▼ still € 138,646 profit in 2024
Profit after tax over the fiscal year.
€ 36,374
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -640,582.
People and assets in 2025
6.1
▼ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 236,283
▼ 24% vs 2024
€ 38,700 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.
€ 22,332
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 96,203
▼ 65% vs 2024
€ 44,331 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 253,499
▲ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,875
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 607,123 | € 466,496 | € 687,229 | € 274,482 | ▼ 60% |
| Profit after taxes | € -157,077 | € -185,666 | € 138,646 | € -52,145 | ▼ € 190,791 |
| Equity | € -41,417 | € -227,083 | € -88,437 | € -140,582 | ▼ € 52,145 |
| Total debts | € 719,874 | € 738,026 | € 544,124 | € 436,532 | ▼ 20% |
| Cash | € 122,543 | € 75,179 | € 96,605 | € 36,374 | ▼ 62% |
| Retained profit | € -541,417 | € -727,083 | € -588,437 | € -640,582 | ▼ € 52,145 |
| Bank debt | € 273,689 | € 177,282 | € 271,512 | € 96,203 | ▼ 65% |
| Balance sheet total | € 678,456 | € 510,942 | € 455,687 | € 295,950 | ▼ 35% |
| Employees (FTE) | 18.8 | 14.9 | 9.6 | 6.1 | ▼ 3.5 |
Key figures of THE CHURCH COMPANY, 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 THE CHURCH COMPANY?
What happened at THE CHURCH COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Françoise Failon stepped down as director. NBB
- J INVEST SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 52,145 (▼ € 190,791 vs 2024). filed late Source: NBB ↗
- Françoise Failon became a director. NBB
- J INVEST SRL became a director. NBB
- New establishment in Waterloo. KBO
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 157,077 loss in 2022 to € 52,145 loss in 2025.
Best year ever: 2024, with € 138,646 profit.
On average € 45,000 of value added per employee in 2025.
A new publication or filing at THE CHURCH COMPANY? 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 J INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THE CHURCH COMPANYThe shares are held by J INVEST (100%).
Directors
According to the 2025 annual accounts
Françoise Failon
Director
Also active at: SOTEL, Twenty Seven, CLARENHOF, 28, SAINT LOUP, BJP, BLUE PEARLS, BRASSERIES G. +2 more
since 2020 · until 2026
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
de Stassartstraat 20/22
1050 Elsene
de Stassartstraat 18-20-22
1050 Elsene
Active since 2 May 2002
Drève de la Meute 31
1410 Waterloo
Active since 1 May 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0477.251.480
- VAT number
- BE 0477.251.480
- Registered office
- de Stassartstraat 20/22, 1050 Elsene
- Names & denominations
- THE CHURCH COMPANY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 2002
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
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