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 1 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 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Retail Team from Zedelgem, company number BE0646705037, closed financial year 2025 with a result of € -628,108 after tax. For that financial year Retail Team recorded a gross margin of € 1.2 million and equity of € -300,762. Compared with financial year 2024, the result moved from € -910,856 to € -628,108. 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 16, 2026.
€ -300,762
▼ € 628,108 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -628,108
▲ 31 % less loss than in 2024
Profit after tax over the fiscal year.
€ 183,627
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.7 million.
People and assets in 2025
34.1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▲ 5% vs 2024
€ 44,100 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.
€ 47,875
▼ 31% vs 2024
Of which on lease € 27,358.
Debts at end 2025
€ 603,472
▲ 12% vs 2024
€ 9,835 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.8 million
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 402,875
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 8,610,964 | - | |
| Gross margin | € 1,282,239 | € 1,149,442 | € 1,095,631 | € 1,245,464 | ▲ 14% |
| Profit after taxes | € -1,046,396 | € -1,007,741 | € -910,856 | € -628,108 | ▲ € 282,748 |
| Equity | € 2,245,942 | € 1,238,202 | € 327,346 | € -300,762 | ▼ € 628,108 |
| Total debts | € 3,332,138 | € 3,511,714 | € 4,468,504 | € 4,710,867 | ▲ 5% |
| Cash | € 251,475 | € 226,384 | € 372,517 | € 183,627 | ▼ 51% |
| Retained profit | € -4,154,058 | € -5,161,798 | € -6,072,654 | € -6,700,762 | ▼ € 628,108 |
| Bank debt | € 30,809 | € 418,390 | € 537,762 | € 603,472 | ▲ 12% |
| Balance sheet total | € 5,578,081 | € 4,749,916 | € 4,795,850 | € 4,410,106 | ▼ 8% |
| Employees (FTE) | 41.7 | 37.2 | 34.2 | 34.1 | ▼ 0.1 |
Key figures of Retail Team, 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 Team?
What happened at Retail Team in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cerives NV stepped down as director. NBB
- Permeke Invest NV stepped down as director. NBB
- Erwin, A.M. Van Osta stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 628,108. Source: NBB ↗
- New establishment in Rijkevorsel. KBO
- Cerives NV became a director. NBB
- Permeke Invest NV became a director. NBB
- Erwin, A.M. Van Osta became a director. NBB
In short
From € 1 million loss in 2022 to € 628,108 loss in 2025.
Paid € 3,377 in corporate taxes since 2022.
On average € 36,500 of value added per employee in 2025.
Management
The stake of Cerives, PERMEKE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Retail TeamThe shares are held by Cerives (74.6%) and PERMEKE INVEST (50%). It owns 100% of Retail Team Magenta itself.
Directors
According to the 2025 annual accounts
Director · represented by Carl, M.F. Liekens
Also active at: WATERZANDE HOLDING, Retail Team Magenta
since 2022 · until 2028
Managing director · represented by Bart Coeman
Also active at: Retail Team Magenta, GECOSIM
since 2022 · until 2028
since 2022 · until 2028
Shareholders
74.6%
50%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Engelstraat 8
8211 Zedelgem
Herseltsesteenweg 144
3200 Aarschot
Active since 17 November 2016
Brugsesteenweg 339
8800 Roeselare
Active since 24 March 2016
Merksplassesteenweg 100
2310 Rijkevorsel
Active since 18 February 2026
Gaston Roelandtsstraat 1
8020 Oostkamp
Active since 27 April 2018
Biezestraat 25
9220 Hamme (Vl.)
Active since 7 October 2020
Pareinpark(BEV) 8
9120 Beveren-Kruibeke-Zwijndrecht
Active since 3 March 2021
Sportlaan 38
3960 Bree
Active since 20 October 2021
Akkerstraat 1
8020 Oostkamp
Active since 1 March 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0646.705.037
- VAT number
- BE 0646.705.037
- Registered office
- Engelstraat 8, 8211 Zedelgem
- Names & denominations
- Retail Team
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 January 2016
- Peppol
- Active · Active since 29 Nov 2025
- Activities · NACE
Overige niet-gespecialiseerde detailhandel
Overige detailhandel in nieuwe artikelen neg
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen niet overheersen (verkoopoppervlakte < 2500 m²)
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Niet-gespecialiseerde groothandel
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen
Handel in eigen onroerend goed
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