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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
85 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
KORTRIJK BUSINESS PARK from Kortrijk, company number BE0658939707, closed financial year 2025 with a result of € -186,521 after tax. For that financial year KORTRIJK BUSINESS PARK recorded a gross margin of € 2.1 million and equity of € -4.2 million. Compared with financial year 2024, the result moved from € -741,515 to € -186,521. 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 17, 2026.
€ -4.2 million
▼ € 186,521 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -186,521
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 37,989
▲ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.3 million.
People and assets in 2025
2
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 66,657
▲ 7% vs 2024
€ 33,300 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.
€ 48,729
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 27.9 million
▼ 7% vs 2024
€ 1.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 122,827
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 43,329
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,924 | € 840,442 | € 1,620,996 | € 2,148,527 | ▲ 33% |
| Profit after taxes | € -2,022,932 | € -1,321,745 | € -741,515 | € -186,521 | ▲ € 554,994 |
| Equity | € -1,921,859 | € -3,243,605 | € -3,985,119 | € -4,171,640 | ▼ € 186,521 |
| Total debts | € 31,806,729 | € 32,268,275 | € 30,522,781 | € 28,090,263 | ▼ 8% |
| Cash | € 1,789 | € 32,011 | € 24,722 | € 37,989 | ▲ 54% |
| Land & buildings | € 27,590,554 | € 26,433,502 | € 24,988,352 | € 23,496,398 | ▼ 6% |
| Retained profit | € -2,021,859 | € -3,343,605 | € -4,085,119 | € -4,271,640 | ▼ € 186,521 |
| Bank debt | € 31,534,468 | € 32,065,102 | € 29,932,597 | € 27,910,152 | ▼ 7% |
| Balance sheet total | € 29,884,870 | € 29,024,670 | € 26,537,661 | € 23,918,623 | ▼ 10% |
| Employees (FTE) | - | 0.6 | 1.6 | 2 | ▲ 0.4 |
Key figures of KORTRIJK BUSINESS PARK, 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 KORTRIJK BUSINESS PARK?
What happened at KORTRIJK BUSINESS PARK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 186,521. Source: NBB ↗
- Patricia Schauteet became a director. NBB
- Anthony Verstraete became a director. NBB
- Vesta Group became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 2 million loss in 2022 to € 186,521 loss in 2025.
On average € 1.1 million of value added per employee in 2025.
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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
Behind KORTRIJK BUSINESS PARK are Patricia Schauteet, Anthony Verstraete and Vesta Group. Patricia Schauteet is also behind IMMO - LOC and AVARONNE. Anthony Verstraete is also behind JETSE, VERSTRAETE DEVELOPMENT, LEEUWKE, VERSTRAETE BOUWONDERNEMING and AROES. Vesta Group is also behind VERSTRAETE, VILLA FRANCINE, JETSE, VERSTRAETE DEVELOPMENT and LEEUWKE.
Directors
According to the 2025 annual accounts
since 2024
Anthony Verstraete
Director
Also active at: JETSE, VERSTRAETE DEVELOPMENT, LEEUWKE, VERSTRAETE BOUWONDERNEMING, AROES, PRINCESS A, PRINCESS CEF, KBP BUSINESS CENTER +5 more
since 2024
Director, Chairman of the board · represented by Christophe Verstraete
Also active at: VERSTRAETE, VILLA FRANCINE, JETSE, VERSTRAETE DEVELOPMENT, LEEUWKE, VERSTRAETE BOUWONDERNEMING, QUAEDE ACKER, AROES +24 more
since 2024
Establishments
Establishment units
Physical locations of this company
Beneluxpark(Kor) 26 box 51
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 85 companies are registered at this address.
All companies at this address →CAPRICE
€ 43,647 gross margin · 2023
VERSTRAETE same network
€ -27,246 gross margin · 2025
DENNEDUIN
€ 31,303 gross margin · 2025
ICT Talents
€ 3.9 million gross margin · 2025
Engi Talents
€ 40.5 million revenue · 2025
+80 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
- 0658.939.707
- VAT number
- BE 0658.939.707
- Registered office
- Beneluxpark(Kor) 26 bus 51, 8500 Kortrijk
- Names & denominations
- KORTRIJK BUSINESS PARK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 2016
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- verstraete.biz [email protected]
- Activities · NACE
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