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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SCHILDECOR from Avelgem, company number BE0479751904, closed financial year 2025 with a result of € 18,395 after tax. For that financial year SCHILDECOR recorded a gross margin of € 59,299 and equity of € 61,152. Compared with financial year 2024, the result moved from € -1,332 to € 18,395. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 3, 2025.
€ 61,152
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,395
▲ still € 1,332 loss in 2024
Profit after tax over the fiscal year.
€ 19,142
Cash and bank balances on the last day of the fiscal year.
€ 4,218 paid out
23 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 27,689
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 140,275
▼ 21% vs 2024
€ 24,064 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 5,686
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,266
▲ 202% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 57,107 | € 41,776 | € 29,287 | € 59,299 | ▲ 102% |
| Profit after taxes | € 14,623 | € 2,690 | € -1,332 | € 18,395 | ▲ € 19,727 |
| Equity | € 45,616 | € 48,307 | € 46,975 | € 61,152 | ▲ 30% |
| Total debts | € 262,717 | € 215,603 | € 190,170 | € 164,322 | ▼ 14% |
| Cash | € 5,454 | € 12,914 | - | € 19,142 | |
| Land & buildings | € 197,725 | € 181,893 | € 167,181 | € 156,922 | ▼ 6% |
| Retained profit | € 29,216 | € 31,907 | € 30,575 | € 44,752 | ▲ 46% |
| Dividend | € 6,200 | € 0 | € 0 | € 4,218 | |
| Bank debt | € 238,143 | € 209,712 | € 177,701 | € 140,275 | ▼ 21% |
| Balance sheet total | € 308,333 | € 263,910 | € 237,145 | € 225,474 | ▼ 5% |
Key figures of SCHILDECOR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to SCHILDECOR?
What happened at SCHILDECOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,395. Source: NBB ↗
- New establishment in Avelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,623 profit in 2022 to € 18,395 profit in 2025.
Paid € 15,489 in corporate taxes since 2022.
Best year ever: 2025, with € 18,395 profit.
Paid out € 10,418 in dividends to the owners in total.
Management
Behind SCHILDECOR is Bram Louage.
Directors
According to the 2025 annual accounts
Bram Louage
Director
Establishments
Establishment units
Physical locations of this company
Stationsstraat 19
8580 Avelgem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.751.904
- VAT number
- BE 0479.751.904
- Registered office
- Stationsstraat 19, 8580 Avelgem
- Names & denominations
- SCHILDECOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 2003
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
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