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 11 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
DRINKSYSTEM FLANDERS from Koekelare, company number BE0507587736, closed financial year 2024 with a result of € -33,744 after tax. For that financial year DRINKSYSTEM FLANDERS recorded a gross margin of € 439,621 and equity of € 247,668. Compared with financial year 2023, the result moved from € 20,332 to € -33,744. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 247,668
▼ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,744
▼ still € 20,332 profit in 2023
Profit after tax over the fiscal year.
€ 45,502
▼ 90% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 43,668.
People and assets in 2024
€ 4,379
▼ 87% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 90,516
▲ 18% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 419,826
▼ 60% vs 2023
€ 40,970 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 77,383
▼ 11% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 20,017
▼ 2% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 73,440 | € 338,310 | € 176,828 | € 439,621 | ▲ 149% |
| Profit after taxes | € 18,201 | € 18,550 | € 20,332 | € -33,744 | ▼ € 54,075 |
| Equity | € 242,529 | € 261,079 | € 281,411 | € 247,668 | ▼ 12% |
| Total debts | € 1,135,661 | € 1,324,328 | € 1,340,598 | € 843,362 | ▼ 37% |
| Cash | € 129,881 | € 257,827 | € 448,949 | € 45,502 | ▼ 90% |
| Land & buildings | € 1,013,047 | € 1,182,760 | € 1,158,726 | € 860,474 | ▼ 26% |
| Retained profit | € 38,529 | € 57,079 | € 77,411 | € 43,668 | ▼ 44% |
| Bank debt | € 998,343 | € 1,104,381 | € 1,054,780 | € 419,826 | ▼ 60% |
| Balance sheet total | € 1,378,688 | € 1,735,905 | € 1,772,507 | € 1,091,030 | ▼ 38% |
Key figures of DRINKSYSTEM FLANDERS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to DRINKSYSTEM FLANDERS?
What happened at DRINKSYSTEM FLANDERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 33,744 (▼ € 54,075 vs 2023). filed late Source: NBB ↗
- New establishment in Koekelare. KBO
- New establishment in Koekelare. KBO
- New establishment in Koekelare. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,201 profit in 2021 to € 33,744 loss in 2024.
Paid € 13,479 in corporate taxes since 2021.
Best year ever: 2023, with € 20,332 profit.
Establishments
Establishment units
Physical locations of this company
Hovaerestraat 67
8680 Koekelare
Noordomstraat 13
8680 Koekelare
Active since 1 July 2020
Noordomstraat 15
8680 Koekelare
Active since 1 January 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0507.587.736
- VAT number
- BE 0507.587.736
- Registered office
- Hovaerestraat 67, 8680 Koekelare
- Names & denominations
- DRINKSYSTEM FLANDERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2014
- Peppol
- Active · Active since 7 Jan 2026