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 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
El Greco from Oudsbergen, company number BE0525798002, closed financial year 2025 with a result of € -23,924 after tax. For that financial year El Greco recorded a gross margin of € 20,577 and equity of € 80,796. Compared with financial year 2024, the result moved from € 16,063 to € -23,924. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2025.
€ 80,796
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,924
▼ still € 16,063 profit in 2024
Profit after tax over the fiscal year.
€ 13,874
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 62,196.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 17,456
▲ 125% 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.
€ 13,573
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 107,885
▲ 5% vs 2024
€ 34,566 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 8,787
▲ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,627
▼ 83% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 39,873 | € 40,633 | € 58,322 | € 20,577 | ▼ 65% |
| Profit after taxes | € 13,427 | € 4,384 | € 16,063 | € -23,924 | ▼ € 39,987 |
| Equity | € 84,273 | € 88,657 | € 104,720 | € 80,796 | ▼ 23% |
| Total debts | € 148,763 | € 152,726 | € 120,001 | € 118,300 | ▼ 1% |
| Cash | € 14,894 | € 7,017 | € 25,401 | € 13,874 | ▼ 45% |
| Land & buildings | € 189,083 | € 179,126 | € 169,253 | € 159,381 | ▼ 6% |
| Retained profit | € 65,673 | € 70,057 | € 86,120 | € 62,196 | ▼ 28% |
| Bank debt | € 133,610 | € 129,733 | € 102,651 | € 107,885 | ▲ 5% |
| Balance sheet total | € 233,036 | € 241,383 | € 224,721 | € 199,096 | ▼ 11% |
Key figures of El Greco, 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 El Greco?
What happened at El Greco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,924 (▼ € 39,987 vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Genk. KBO
- Cindy De Munck became a director. NBB
In short
From € 13,427 profit in 2022 to € 23,924 loss in 2025.
Paid € 11,058 in corporate taxes since 2022.
Best year ever: 2024, with € 16,063 profit.
Management
Behind El Greco is Cindy De Munck.
Directors
According to the 2025 annual accounts
Cindy De Munck
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Weg naar Zwartberg 337
3660 Oudsbergen
Hoevenzavellaan 68A box 1
3600 Genk
Active since 5 April 2013
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0525.798.002
- VAT number
- BE 0525.798.002
- Registered office
- Weg naar Zwartberg 337, 3660 Oudsbergen
- Names & denominations
- El Greco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 April 2013
- Peppol
- Active · Active since 2 Oct 2025
- Contact
- [email protected]
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