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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7.7 to 3.9.
Financials
Financial year 2025
CRUSH from Gent, company number BE0568600340, closed financial year 2025 with a result of € -268,036 after tax. For that financial year CRUSH recorded a gross margin of € 144,452 and equity of € -529,556. Compared with financial year 2024, the result moved from € -142,038 to € -268,036. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -529,556
▼ € 268,036 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -268,036
▼ 89 % more loss than in 2024
Profit after tax over the fiscal year.
€ 74,326
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -591,056.
People and assets in 2025
3.9
▼ 3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 355,071
▼ 23% vs 2024
€ 91,000 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.
€ 19,629
▲ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 94,883
▼ 36% vs 2024
€ 64,883 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 256,882
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,180
▼ 67% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 389,417 | € 320,311 | € 355,998 | € 144,452 | ▼ 59% |
| Profit after taxes | € 1,048 | € -215,547 | € -142,038 | € -268,036 | ▼ € 125,999 |
| Equity | € 96,064 | € -119,482 | € -261,520 | € -529,556 | ▼ € 268,036 |
| Total debts | € 596,621 | € 667,993 | € 783,102 | € 786,365 | |
| Cash | € 89,529 | € 85,372 | € 88,528 | € 74,326 | ▼ 16% |
| Retained profit | € 34,564 | € -180,982 | € -323,020 | € -591,056 | ▼ € 268,036 |
| Bank debt | € 216,451 | € 235,322 | € 147,401 | € 94,883 | ▼ 36% |
| Balance sheet total | € 692,685 | € 548,511 | € 521,582 | € 256,809 | ▼ 51% |
| Employees (FTE) | 7.2 | 7.7 | 6.9 | 3.9 | ▼ 3 |
Key figures of CRUSH, 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 CRUSH?
What happened at CRUSH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 268,036. Source: NBB ↗
- Since Tomorrow BV became a director. NBB
- WENNEKER PARTICIPATIES B.V. became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,048 profit in 2022 to € 268,036 loss in 2025.
Paid € 16,773 in corporate taxes since 2022.
Best year ever: 2022, with € 1,048 profit.
On average € 37,000 of value added per employee in 2025.
Management
Behind CRUSH are WENNEKER PARTICIPATIES B.V. and Since Tomorrow BV. The shares are held by WENNEKER PARTICIPATIES B.V. (100%).
Directors
According to the 2025 annual accounts
since 2023
Director · represented by Cieters Camille
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dok-Noord 3A box 405
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
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LEVEL27-AS * Please direct all complaints to [email protected] *, BE
Website info
Features
Security
Network
Details
- Company number
- 0568.600.340
- VAT number
- BE 0568.600.340
- Registered office
- Dok-Noord 3A bus 405, 9000 Gent
- Names & denominations
- CRUSH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2015
- Peppol
- Active · Active since 4 Aug 2026
- Contact
- thisiscrush.be
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