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 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COLREST from Sint-Niklaas, company number BE0479384094, closed financial year 2025 with a result of € -53,002 after tax. For that financial year COLREST recorded revenue of € 4.6 million and equity of € 107,724. Compared with financial year 2024, the result moved from € 170,022 to € -53,002. The company made a loss. The buffer shrank hard: equity is 70 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 107,724
▼ 70% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,002
▼ still € 170,022 profit in 2024
Profit after tax over the fiscal year.
€ 279,774
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 89,124.
People and assets in 2025
27.6
▲ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 8% vs 2024
€ 41,900 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.
€ 456
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 409,837
▲ € 387,610 vs 2024
€ 80,328 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 343,336
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 120,521
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,750,301 | - | - | € 4,620,759 | |
| Gross margin | € 1,218,428 | € 1,286,782 | € 1,413,656 | - | |
| Profit after taxes | € 136,541 | € 144,996 | € 170,022 | € -53,002 | ▼ € 223,025 |
| Equity | € 189,708 | € 190,704 | € 360,727 | € 107,724 | ▼ 70% |
| Total debts | € 728,329 | € 748,577 | € 457,994 | € 1,079,712 | ▲ 136% |
| Cash | € 573,939 | € 538,273 | € 337,470 | € 279,774 | ▼ 17% |
| Retained profit | € 171,108 | € 172,104 | € 342,127 | € 89,124 | ▼ 74% |
| Dividend | € 100,135 | € 144,000 | € 0 | € 200,000 | |
| Bank debt | € 135,167 | € 57,808 | € 22,226 | € 409,837 | ▲ € 387,610 |
| Balance sheet total | € 918,037 | € 939,281 | € 818,721 | € 1,187,436 | ▲ 45% |
| Employees (FTE) | 20 | 21.8 | 24.7 | 27.6 | ▲ 2.9 |
Key figures of COLREST, 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 COLREST?
What happened at COLREST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,002 (▼ € 223,025 vs 2024). Source: NBB ↗
- PIAMAN BV became a director. NBB
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 136,541 profit in 2022 to € 53,002 loss in 2025.
Paid € 166,211 in corporate taxes since 2022.
Best year ever: 2024, with € 170,022 profit.
On average € 57,200 of value added per employee in 2024.
Management
The stake of PIAMAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COLRESTBehind COLREST is PIAMAN BV. The shares are held by PIAMAN (99.9%).
Establishments
Establishment units
Physical locations of this company
Heidebaan 134-136
9100 Sint-Niklaas
Heidebaan 134
9100 Sint-Niklaas
Active since 18 February 2003
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.384.094
- VAT number
- BE 0479.384.094
- Registered office
- Heidebaan 134-136, 9100 Sint-Niklaas
- Names & denominations
- COLREST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 January 2003
- Peppol
- Active · Active since 19 May 2026
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Fastfoodzaken, snackbars, frituren en dergelijke
Eetgelegenheden met beperkte bediening