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 4 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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
COURBARIL from Waremme, company number BE0651782689, closed financial year 2025 with a result of € -10,241 after tax. For that financial year COURBARIL recorded a gross margin of € 41,518 and equity of € -131,331. Compared with financial year 2024, the result moved from € -32,020 to € -10,241. 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 June 11, 2026.
€ -131,331
▼ € 10,241 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,241
▲ 68 % less loss than in 2024
Profit after tax over the fiscal year.
€ 12,361
▲ € 9,387 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -137,531.
Debts at end 2025
€ 277,306
▼ 6% vs 2024
€ 17,368 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 11,371 | € 10,640 | € 10,022 | € 41,518 | ▲ € 31,496 |
| Profit after taxes | € -10,186 | € -18,907 | € -32,020 | € -10,241 | ▲ € 21,779 |
| Equity | € -70,163 | € -89,070 | € -121,090 | € -131,331 | ▼ € 10,241 |
| Total debts | € 354,819 | € 580,128 | € 746,991 | € 741,649 | ▼ 1% |
| Cash | € 2,082 | € 2,515 | € 2,974 | € 12,361 | ▲ € 9,387 |
| Land & buildings | € 282,185 | € 486,796 | € 465,056 | € 447,720 | ▼ 4% |
| Retained profit | € -76,363 | € -95,270 | € -127,290 | € -137,531 | ▼ € 10,241 |
| Bank debt | € 203,543 | € 310,612 | € 294,193 | € 277,306 | ▼ 6% |
| Balance sheet total | € 284,656 | € 491,058 | € 625,901 | € 610,318 | ▼ 2% |
Key figures of COURBARIL, 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 COURBARIL?
What happened at COURBARIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10,241. Source: NBB ↗
- ANNE BERGER became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,186 loss in 2022 to € 10,241 loss in 2025.
Management
Behind COURBARIL are PHILIPPE RICHARD and ANNE BERGER. ANNE BERGER is also behind BOIS DE MAI and Docteur Anne BERGER.
Directors
According to the 2025 annual accounts
PHILIPPE RICHARD
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Avenue Emile Vandervelde 54
4300 Waremme
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.
Details
- Company number
- 0651.782.689
- VAT number
- BE 0651.782.689
- Registered office
- Avenue Emile Vandervelde 54, 4300 Waremme
- Names & denominations
- COURBARIL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 2016
- Peppol
- Active · Active since 10 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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