Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 31.8 to 25.2.
-
Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
Nationale4 from Merchtem, company number BE0550533297, closed financial year 2026 with a result of € 295,602 after tax. For that financial year Nationale4 recorded a gross margin of € 1.6 million and equity of € 965,866. Compared with financial year 2025, the result moved from € -701,710 to € 295,602. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ 965,866
▲ 44% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 295,602
▲ still € 701,710 loss in 2025
Profit after tax over the fiscal year.
€ 135,691
▲ 69% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -1.1 million.
People and assets in 2026
25.2
▼ 2.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 31% vs 2025
€ 45,800 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.
€ 5,237
▼ 41% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 437,001
▲ € 386,255 vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 557,345
▼ 4% vs 2025
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 1,692,612 | € 1,346,989 | € 1,443,967 | € 1,649,340 | ▲ 14% |
| Profit after taxes | € -31,673 | € -284,909 | € -701,710 | € 295,602 | ▲ € 997,312 |
| Equity | € -343,117 | € -628,026 | € 670,264 | € 965,866 | ▲ 44% |
| Total debts | € 2,782,821 | € 2,662,660 | € 1,012,339 | € 1,003,690 | ▼ 1% |
| Cash | € 173,752 | € 42,109 | € 80,128 | € 135,691 | ▲ 69% |
| Retained profit | € -404,617 | € -689,526 | € -1,391,236 | € -1,095,634 | ▲ € 295,602 |
| Bank debt | € 614,862 | € 281,300 | € 0 | € 0 | |
| Balance sheet total | € 2,439,704 | € 2,034,634 | € 1,682,603 | € 1,969,556 | ▲ 17% |
| Employees (FTE) | 32.4 | 31.8 | 27.5 | 25.2 | ▼ 2.3 |
Key figures of Nationale4, fiscal years 2022 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to Nationale4?
What happened at Nationale4 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jo WILLEMYNS stepped down as director. NBB
- Kris CASTELEIN stepped down as director. NBB
- Stefan GOETHAERT stepped down as director. NBB
- Stefaan VANDAMME stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 295,602. Source: NBB ↗
- Jo WILLEMYNS became a director. NBB
- Stefan GOETHAERT became a director. NBB
- Kris CASTELEIN became a director. NBB
In short
From € 31,673 loss in 2022 to € 295,602 profit in 2026.
Paid € 21,228 in corporate taxes since 2022.
Best year ever: 2026, with € 295,602 profit.
On average € 65,500 of value added per employee in 2026.
Management
The stake of THE FASHION SOCIETY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Nationale4The shares are held by THE FASHION SOCIETY (100%).
Directors
According to the 2026 annual accounts
Jo WILLEMYNS
Director
Also active at: USIMEX - INVEST, DE PRINS RETAIL, Delidis, SUPERMARKT MAGDA, JIMS, Supermarkt De Belie, CEDOX, VLEBA +43 more
since 2023 · until 2027
Kris CASTELEIN
Director
Also active at: USIMEX - INVEST, DE PRINS RETAIL, Delidis, SUPERMARKT MAGDA, JIMS, Supermarkt De Belie, CEDOX, VLEBA +41 more
since 2020 · until 2027
Stefan GOETHAERT
Director
Also active at: USIMEX - INVEST, DE PRINS RETAIL, Delidis, SUPERMARKT MAGDA, JIMS, Supermarkt De Belie, CEDOX, VLEBA +45 more
since 2023 · until 2027
Stefaan VANDAMME
Director
Also active at: USIMEX - INVEST, DE PRINS RETAIL, Delidis, SUPERMARKT MAGDA, JIMS, Supermarkt De Belie, CEDOX, VLEBA +41 more
since 2020 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 185
1785 Merchtem
Avenue Roi Albert 145
5300 Andenne
Active since 13 March 2015
Route du Condroz 327
4550 Nandrin
Active since 8 July 2016
Chaussée de Tongres 269
4000 Liège
Active since 20 April 2018
Rue Arnold Delsupexhe 50
4040 Herstal
Active since 1 October 2018
Chaussée Romaine (War) 215
4300 Waremme
Active since 27 March 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →CAVRILO same network
€ 2.4 million gross margin · 2026
SAVERMO same network
€ 2.5 million gross margin · 2026
BELLACOOLA same network
€ 2.4 million gross margin · 2026
ANTWERP FASHION OUTLET same network
€ 2.3 million gross margin · 2026
POINTFOSSES
€ 1.9 million gross margin · 2026
+13 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
- 0550.533.297
- VAT number
- BE 0550.533.297
- Registered office
- Brusselsesteenweg 185, 1785 Merchtem
- Names & denominations
- Nationale4
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2014
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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