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 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
New Begin from Tielt, company number BE0642748922, closed financial year 2025 with a result of € -54,757 after tax. For that financial year New Begin recorded a gross margin of € 38,652 and equity of € 443,488. Compared with financial year 2024, the result moved from € 22,773 to € -54,757. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 2, 2026.
€ 443,488
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,757
▼ still € 22,773 profit in 2024
Profit after tax over the fiscal year.
€ 484
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 430,988.
People and assets in 2025
€ 6,828
▲ 83% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 607,961
▼ 6% vs 2024
€ 55,374 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 16,156
▲ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 514
▼ 85% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 99,391 | € 130,384 | € 106,417 | € 38,652 | ▼ 64% |
| Profit after taxes | € 35,985 | € 52,427 | € 22,773 | € -54,757 | ▼ € 77,529 |
| Equity | € 423,045 | € 475,472 | € 498,245 | € 443,488 | ▼ 11% |
| Total debts | € 736,822 | € 677,471 | € 903,489 | € 931,881 | ▲ 3% |
| Cash | € 1 | € 30 | € 1,015 | € 484 | ▼ 52% |
| Land & buildings | € 860,063 | € 855,684 | € 1,099,989 | € 1,275,792 | ▲ 16% |
| Retained profit | € 410,545 | € 462,972 | € 485,745 | € 430,988 | ▼ 11% |
| Dividend | € 800 | € 0 | € 0 | € 0 | |
| Bank debt | € 585,817 | € 545,129 | € 646,556 | € 607,961 | ▼ 6% |
| Balance sheet total | € 1,159,867 | € 1,152,943 | € 1,401,733 | € 1,375,369 | ▼ 2% |
Key figures of New Begin, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to New Begin?
What happened at New Begin in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 54,757 (▼ € 77,529 vs 2024). Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,985 profit in 2022 to € 54,757 loss in 2025.
Paid € 14,117 in corporate taxes since 2022.
Best year ever: 2023, with € 52,427 profit.
Paid out € 800 in dividends to the owners in total.
Management
Behind New Begin is Frank DENYS.
Directors
According to the 2025 annual accounts
Frank DENYS
Director
Establishments
Establishment units
Physical locations of this company
Vijfpachtgoenstraat 36
8700 Tielt
Oude Pittemstraat 110
8700 Tielt
Active since 9 November 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
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Self-hosted
Hosting
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Website info
Features
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Network
Details
- Company number
- 0642.748.922
- VAT number
- BE 0642.748.922
- Registered office
- Vijfpachtgoenstraat 36, 8700 Tielt
- Names & denominations
- New Begin
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 2015
- Peppol
- Active · Active since 26 Mar 2025
- Contact
- newbegin.be
- Activities · NACE
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