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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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Coeur d’Ardenne from Saint-Hubert, company number BE0672944725, closed financial year 2025 with a result of € 199,818 after tax. For that financial year Coeur d’Ardenne recorded a gross margin of € 947,249 and equity of € -707,139. Compared with financial year 2024, the result moved from € -190,499 to € 199,818. Profitable, and profit is growing. 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 December 23, 2025.
€ -707,139
▲ € 199,818 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 199,818
▲ still € 190,499 loss in 2024
Profit after tax over the fiscal year.
€ 54,624
▲ 202% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -767,139.
People and assets in 2025
5.9
Average over the fiscal year, from the social balance sheet.
€ 346,958
▼ 15% vs 2024
€ 58,800 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.
Debts at end 2025
€ 1.5 million
▲ 4% vs 2024
€ 349,330 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 354,918
▲ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,080
▼ 52% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 704,779 | € 482,327 | € 592,627 | € 947,249 | ▲ 60% |
| Profit after taxes | € 122,587 | € -194,263 | € -190,499 | € 199,818 | ▲ € 390,317 |
| Equity | € -522,195 | € -716,459 | € -906,957 | € -707,139 | ▲ € 199,818 |
| Total debts | € 3,757,799 | € 3,776,794 | € 3,851,991 | € 3,972,617 | ▲ 3% |
| Cash | € 4,377 | € 35,051 | € 18,065 | € 54,624 | ▲ 202% |
| Land & buildings | € 1,979,691 | € 1,866,972 | € 1,759,876 | € 1,646,869 | ▼ 6% |
| Retained profit | € -582,195 | € -776,459 | € -966,957 | € -767,139 | ▲ € 199,818 |
| Bank debt | € 1,580,152 | € 1,554,667 | € 1,418,660 | € 1,470,515 | ▲ 4% |
| Balance sheet total | € 3,235,604 | € 3,060,335 | € 2,945,033 | € 3,265,478 | ▲ 11% |
| Employees (FTE) | - | - | - | 5.9 |
Key figures of Coeur d’Ardenne, 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 January 2027.
What happened to Coeur d’Ardenne?
What happened at Coeur d’Ardenne in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 199,818. Source: NBB ↗
- Antoine Schoeters stepped down as director. NBB
- New establishment in Saint-Hubert. KBO
- Start of the company according to the CBE. KBO
In short
From € 122,587 profit in 2022 to € 199,818 profit in 2025.
Paid € 431 in corporate taxes since 2022.
Best year ever: 2025, with € 199,818 profit.
On average € 160,600 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 Coeur d’Ardenne is Bénédicte Schietse. Bénédicte Schietse is also behind BELLE VICUS.
Directors
According to the 2025 annual accounts
· until 2025
Establishments
Establishment units
Physical locations of this company
Parc Industriel zn
6870 Saint-Hubert
Parc Industriel s/n
6870 Saint-Hubert
Active since 23 March 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0672.944.725
- VAT number
- BE 0672.944.725
- Registered office
- Parc Industriel zn, 6870 Saint-Hubert
- Names & denominations
- Coeur d’Ardenne · Coeur
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 March 2017
- Peppol
- Active · Active since 16 Jul 2026
- Activities · NACE
Vervaardiging van producten van vlees of van vlees van gevogelte