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 12 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
EURO CENT from Wervik, company number BE0675848191, closed financial year 2024 with a result of € 7,871 after tax. For that financial year EURO CENT recorded a gross margin of € 86,094 and equity of € -71,069. Compared with financial year 2023, the result moved from € 8,881 to € 7,871. The company is profitable. 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 October 1, 2025.
€ -71,069
▲ € 7,871 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,871
▼ 11% vs 2023
Profit after tax over the fiscal year.
€ 0
▼ 97% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -77,269.
People and assets in 2024
€ 52,262
▲ 51% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,678
▼ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 11,675
▼ 41% vs 2023
€ 8,149 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 7,083
▼ 88% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 150
▼ 86% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 13,821 | € 36,440 | € 87,408 | € 86,094 | ▼ 2% |
| Profit after taxes | € -55,001 | € -28,888 | € 8,881 | € 7,871 | ▼ 11% |
| Equity | € -58,933 | € -87,821 | € -78,939 | € -71,069 | ▲ € 7,871 |
| Total debts | € 167,152 | € 184,876 | € 163,497 | € 140,204 | ▼ 14% |
| Cash | € 35 | € 2 | € 15 | € 0 | ▼ 97% |
| Retained profit | € -65,133 | € -94,021 | € -85,139 | € -77,269 | ▲ € 7,871 |
| Bank debt | € 32,985 | € 29,043 | € 19,824 | € 11,675 | ▼ 41% |
| Balance sheet total | € 108,219 | € 97,055 | € 84,558 | € 69,135 | ▼ 18% |
Key figures of EURO CENT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EURO CENT?
What happened at EURO CENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 7,871 (▼ 11% vs 2023). filed late Source: NBB ↗
- New establishment in Wervik. KBO
- New establishment in Wervik. KBO
- New establishment in Comines-Warneton. KBO
- Start of the company according to the CBE. KBO
In short
From € 55,001 loss in 2021 to € 7,871 profit in 2024.
Best year ever: 2023, with € 8,881 profit.
Management
Behind EURO CENT are Aziz Tanveer and Ishaq Tahir.
Directors
According to the 2024 annual accounts
Aziz Tanveer
Manager
Ishaq Tahir
Manager
Establishments
Establishment units
Physical locations of this company
Sint-Medardusstraat 12
8940 Wervik
Abdijplaats(WAR) 15A
7784 Comines-Warneton
Active since 19 May 2017
Pastorijstraat 3
8940 Wervik
Active since 23 September 2025
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
- 0675.848.191
- VAT number
- BE 0675.848.191
- Registered office
- Sint-Medardusstraat 12, 8940 Wervik
- Names & denominations
- EURO CENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2017
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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