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 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2026; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2026
N 18 from Leopoldsburg, company number BE0680521811, closed financial year 2026 with a result of € -4,347 after tax. For that financial year N 18 recorded a gross margin of € 20,699 and equity of € -18,041. Compared with financial year 2025, the result moved from € -22,544 to € -4,347. 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 October 29, 2026.
€ -18,041
▼ € 4,347 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,347
▲ 81 % less loss than in 2025
Profit after tax over the fiscal year.
€ 1,225
▼ 58% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19,041.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2026
€ 223,622
▼ 4% vs 2025
€ 9,898 is repaid this year. At this pace the long-term loan is gone in ≈ 23 years.
€ 2,146
▼ 56% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 112
▼ 97% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 300,109 | € 30,282 | € 6,324 | € 20,699 | ▲ 227% |
| Profit after taxes | € -64,454 | € -39,225 | € -22,544 | € -4,347 | ▲ € 18,197 |
| Equity | € 48,075 | € 8,850 | € -13,694 | € -18,041 | ▼ € 4,347 |
| Total debts | € 342,012 | € 84,613 | € 322,254 | € 305,990 | ▼ 5% |
| Cash | € 6,548 | € 6,814 | € 2,950 | € 1,225 | ▼ 58% |
| Land & buildings | - | € 23,548 | € 265,370 | € 260,082 | ▼ 2% |
| Retained profit | € 47,075 | € 7,850 | € -14,694 | € -19,041 | ▼ € 4,347 |
| Bank debt | € 166,386 | € 0 | € 233,124 | € 223,622 | ▼ 4% |
| Balance sheet total | € 390,087 | € 93,463 | € 308,560 | € 287,949 | ▼ 7% |
Key figures of N 18, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to N 18?
What happened at N 18 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 4,347. Source: NBB ↗
- New establishment in Leopoldsburg. KBO
- Start of the company according to the CBE. KBO
In short
From € 64,454 loss in 2023 to € 4,347 loss in 2026.
Paid € 904 in corporate taxes since 2023.
Management
Behind N 18 is Lindsay Vanderreydt.
Directors
According to the 2026 annual accounts
Lindsay Vanderreydt
Director
Establishments
Establishment units
Physical locations of this company
Kerkhovenweg 77
3970 Leopoldsburg
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.521.811
- VAT number
- BE 0680.521.811
- Registered office
- Kerkhovenweg 77, 3970 Leopoldsburg
- Names & denominations
- N 18
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 August 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige zakelijke dienstverlening, neg
Handel in eigen onroerend goed