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 3 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 25 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.6 to 3.7.
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Busy address KBO
51 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
KOLLINE from Waterloo, company number BE0678531331, closed financial year 2025 with a result of € -269,631 after tax. For that financial year KOLLINE recorded a gross margin of € 204,014 and equity of € -7,039. Compared with financial year 2024, the result moved from € -114,545 to € -269,631. 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 9, 2026.
€ -7,039
▼ € 269,631 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -269,631
▼ 135 % more loss than in 2024
Profit after tax over the fiscal year.
€ 793
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
3.7
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 264,766
▲ 1% vs 2024
€ 71,600 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.
€ 236,202
▼ 5% vs 2024
Of which on lease € 37,825.
Debts at end 2025
€ 447,561
▼ 22% vs 2024
€ 152,685 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 340,941
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,314
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 399,459 | € 446,378 | € 352,169 | € 204,014 | ▼ 42% |
| Profit after taxes | € -36,090 | € -153,739 | € -114,545 | € -269,631 | ▼ € 155,086 |
| Equity | € -855,573 | € -1,009,312 | € 262,592 | € -7,039 | ▼ € 269,631 |
| Total debts | € 2,510,443 | € 2,365,550 | € 1,122,733 | € 1,177,352 | ▲ 5% |
| Cash | € 51,685 | € 190 | € 807 | € 793 | ▼ 2% |
| Retained profit | € -874,173 | € -1,027,912 | € -1,142,457 | € -1,412,088 | ▼ € 269,631 |
| Bank debt | € 2,274,797 | € 798,334 | € 574,115 | € 447,561 | ▼ 22% |
| Balance sheet total | € 1,654,871 | € 1,356,238 | € 1,385,325 | € 1,170,313 | ▼ 16% |
| Employees (FTE) | 3.9 | 5.6 | 4.9 | 3.7 | ▼ 1.2 |
Key figures of KOLLINE, 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 KOLLINE?
What happened at KOLLINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 269,631. Source: NBB ↗
- Arlo SRL became a director. NBB
- New establishment in Stavelot. KBO
- New establishment in Stavelot. KBO
- SRL SPORTS VENTURES became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 36,090 loss in 2022 to € 269,631 loss in 2025.
On average € 55,100 of value added per employee in 2025.
Management
The stake of RLE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KOLLINEBehind KOLLINE are Arlo SRL and SRL SPORTS VENTURES. The shares are held by RLE INVEST (100%).
Directors
According to the 2025 annual accounts
Manager · represented by Arthur Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, LE VIEUX LOGIS, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES, MATHIMMO, LE BESTIN +35 more
since 2025
Manager · represented by Nicolas Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, GROTTES DE HAN, LE VIEUX LOGIS, Sporsystem, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES +41 more
since 2017
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Tervuren 389
1410 Waterloo
Route du Fagnoû 13
4970 Stavelot
Active since 12 July 2017
Rue Mathieu Nisen 362
4970 Stavelot
Active since 31 August 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 51 companies are registered at this address.
All companies at this address →LE VIEUX LOGIS same network
€ 31,331 gross margin · 2025
FALS same network
€ 341,137 gross margin · 2025
PORCELYNEGOED same network
€ 973,207 gross margin · 2024
LAMSOUL same network
€ -202,654 gross margin · 2025
LES CRESSES same network
€ -96,545 gross margin · 2025
+46 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
- 0678.531.331
- VAT number
- BE 0678.531.331
- Registered office
- Chaussée de Tervuren 389, 1410 Waterloo
- Names & denominations
- KOLLINE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 2017
- Peppol
- Active · Active since 4 Dec 2024
- Activities · NACE
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