Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2023, 2024.
Financials
Financial year 2025
A+ from Lokeren, company number BE0537374060, closed financial year 2025 with a result of € -475,234 after tax. For that financial year A+ recorded revenue of € 522,127 and equity of € 9.7 million. Compared with financial year 2024, the result moved from € -1.2 million to € -475,234. 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 August 28, 2026.
€ 9.7 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -475,234
▲ 61 % less loss than in 2024
Profit after tax over the fiscal year.
€ 79,625
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 500,815.
People and assets in 2025
1.8
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 175,400
▼ 32% vs 2024
€ 97,400 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.
€ 17,108
▼ 51% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 400,001
▼ 25% vs 2024
€ 133,333 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 823,170
▲ € 759,410 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 364 days on average.
€ 90,673
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 952,688 | - | € 1,361,663 | € 522,127 | ▼ 62% |
| Gross margin | - | € 506,321 | - | - | |
| Profit after taxes | € -997,571 | € 971,684 | € -1,220,408 | € -475,234 | ▲ € 745,174 |
| Equity | € 1,278,076 | € 11,418,370 | € 10,197,962 | € 9,722,729 | ▼ 5% |
| Total debts | € 2,624,197 | € 3,255,692 | € 934,105 | € 1,339,124 | ▲ 43% |
| Cash | € 233,136 | € 78,096 | € 92,520 | € 79,625 | ▼ 14% |
| Retained profit | € 1,224,773 | € 2,196,457 | € 976,049 | € 500,815 | ▼ 49% |
| Dividend | € 4,500,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 807,523 | € 666,667 | € 533,334 | € 400,001 | ▼ 25% |
| Balance sheet total | € 3,902,272 | € 14,674,062 | € 11,132,067 | € 11,061,853 | ▼ 1% |
| Employees (FTE) | - | 2.4 | 2.8 | 1.8 | ▼ 1 |
Key figures of A+, 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 A+?
What happened at A+ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 475,234. filed late Source: NBB ↗
- Farinotti bv became a director. NBB
- Climate Pioneers bv became a director. NBB
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 997,571 loss in 2022 to € 475,234 loss in 2025.
Paid € 219,416 in corporate taxes since 2022.
Best year ever: 2023, with € 971,684 profit.
On average € 211,000 of value added per employee in 2023.
A new publication or filing at A+? 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
Behind A+ are Farinotti bv and Climate Pioneers bv. The shares are held by Climate Pioneers bv (100%). It owns 100% of Cool Holding, 100% of Arco, 100% of Arco Piping, 0% of KM Groep, 0% of Jerlo and 0% of Vos Technics itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Sébastien Farinotti
Owns 2.2% via Climate Pioneers bv
Also active at: Koelinstallaties van Driessche, DELTA INDUSTRIAL, ARCO, Cool Holding, Arco Piping, Arco Groep
since 2023
Director · represented by Luc Van Raemdonck
since 2023
Shareholders
Climate Pioneers bv · holding of Farinotti bv
100%
Participations
Establishments
Establishment units
Physical locations of this company
Brandstraat 22
9160 Lokeren
Brandstraat 20
9160 Lokeren
Active since 8 August 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Koelinstallaties van Driessche same network
€ -10,114 gross margin · 2025
DELTA INDUSTRIAL same network
€ 395 gross margin · 2025
ARCO same network
€ 28.9 million revenue · 2025
ARCO GROEP NV
Cool Holding same network
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0537.374.060
- VAT number
- BE 0537.374.060
- Registered office
- Brandstraat 22, 9160 Lokeren
- Names & denominations
- A+
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 2013
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Ontwerpen van computerprogramma’s
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Ontwerpen en programmeren van computerprogramma's
Activiteiten van holdings
Overige diensten op het gebied van informatietechnologie en computer
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computerconsultancy-activiteiten
+1