Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RETAIL'O from Villers-le-Bouillet, company number BE0635649215, closed financial year 2025 with a result of € -486,873 after tax. For that financial year RETAIL'O recorded a gross margin of € 183,880 and equity of € -2.1 million. Compared with financial year 2024, the result moved from € 1.8 million to € -486,873. 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 September 7, 2026.
€ -2.1 million
▼ € 486,873 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -486,873
▼ still € 1.8 million profit in 2024
Profit after tax over the fiscal year.
€ 141,687
▲ 158% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
Debts at end 2025
€ 4.4 million
▲ 31% vs 2024
Loans from banks and other lenders, long and short.
€ 100,749
▼ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,651
▲ 263% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 373,597 | € 448,145 | € 2,694,996 | € 183,880 | ▼ 93% |
| Profit after taxes | € -474,687 | € -574,295 | € 1,843,652 | € -486,873 | ▼ € 2.3 million |
| Equity | € -2,854,657 | € -3,428,953 | € -1,585,301 | € -2,072,174 | ▼ € 486,873 |
| Total debts | € 12,330,158 | € 12,763,454 | € 10,134,980 | € 10,554,107 | ▲ 4% |
| Cash | € 117 | € 7 | € 54,945 | € 141,687 | ▲ 158% |
| Land & buildings | € 7,108,491 | € 6,893,814 | € 6,053,059 | € 5,894,973 | ▼ 3% |
| Retained profit | € -2,916,157 | € -3,490,453 | € -1,646,801 | € -2,133,674 | ▼ € 486,873 |
| Bank debt | € 6,870,143 | € 6,556,203 | € 3,387,500 | € 4,435,769 | ▲ 31% |
| Balance sheet total | € 9,475,501 | € 9,334,502 | € 8,549,679 | € 8,481,933 | ▼ 1% |
Key figures of RETAIL'O, 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 RETAIL'O?
What happened at RETAIL'O in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DIRK CORDEEL stepped down as director. NBB
- CHARLES WIZEN stepped down as director. NBB
- SEBASTIEN GRUTMAN stepped down as director. NBB
- FILIP CORDEEL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 486,873 (▼ € 2.3 million vs 2024). filed late Source: NBB ↗
- DIRK CORDEEL became a director. NBB
- CHARLES WIZEN became a director. NBB
- SEBASTIEN GRUTMAN became a director. NBB
In short
From € 474,687 loss in 2022 to € 486,873 loss in 2025.
Paid € 68,969 in corporate taxes since 2022.
Best year ever: 2024, with € 1.8 million profit.
A new publication or filing at RETAIL'O? 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
The stake of NOVEA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RETAIL'OThe shares are held by NOVEA (100%).
Directors
According to the 2025 annual accounts
DIRK CORDEEL
Director
Also active at: MECCOR, CORDEEL GROUP, BERNARD CONSTRUCTION, LIVAN MAINTENANCE, NOVEA, CORFIUS IMMO, LANDEXPLO MAASMECHELEN, MOLCOR +5 more
since 2021 · until 2027
CHARLES WIZEN
Managing director
since 2021 · until 2027
SEBASTIEN GRUTMAN
Managing director
Also active at: BERNARD CONSTRUCTION, CADRAN HOLDING, LEGIA, CADRAN - SAINT-SEVERIN, CADRAN-SAINT-HUBERT, BERNARD INVEST
since 2021 · until 2027
FILIP CORDEEL
Director
Also active at: CORDEEL ZETEL HOESELT, FINO, CORDEEL GROUP, BERNARD CONSTRUCTION, TENNIS MIDDELKERKE, DEMCOR, VLAECO, Immo Cordeel-Aertssen +24 more
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue le Marais 14
4530 Villers-le-Bouillet
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →MARCOLIN BENELUX
€ 3.6 million gross margin · 2025
BERNARD CONSTRUCTION same network
€ 30.3 million revenue · 2025
CADRAN HOLDING same network
€ -7,652 gross margin · 2025
SM HENRICOT
SM FRANKI BERNARD
+16 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
- 0635.649.215
- VAT number
- BE 0635.649.215
- Registered office
- Rue le Marais 14, 4530 Villers-le-Bouillet
- Names & denominations
- RETAIL'O
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 August 2015
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Groothandel in onderkleding
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in kledingaccessoires
Verhuur en exploitatie van terreinen
Groothandel in werkkleding