Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
AD KOERSEL from Beringen, company number BE0680761143, closed financial year 2025 with a result of € -188,084 after tax. For that financial year AD KOERSEL recorded a gross margin of € 950,133 and equity of € 632,202. Compared with financial year 2024, the result moved from € 112,948 to € -188,084. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 632,202
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -188,084
▼ still € 112,948 profit in 2024
Profit after tax over the fiscal year.
€ 791,575
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17,798.
People and assets in 2025
12.7
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 517,323
▲ 6% vs 2024
€ 40,700 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
€ 680,492
▼ 30% vs 2024
€ 298,308 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 164,180
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 94,841
▼ 10% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 625,243 | € 888,783 | € 1,035,532 | € 950,133 | ▼ 8% |
| Profit after taxes | € -237,203 | € -35,628 | € 112,948 | € -188,084 | ▼ € 301,033 |
| Equity | € 742,966 | € 707,338 | € 820,286 | € 632,202 | ▼ 23% |
| Total debts | € 4,328,250 | € 4,018,174 | € 3,691,450 | € 3,500,214 | ▼ 5% |
| Cash | € 325,385 | € 369,895 | € 663,397 | € 791,575 | ▲ 19% |
| Retained profit | € 92,966 | € 57,338 | € 170,286 | € -17,798 | ▼ € 188,084 |
| Bank debt | € 1,563,512 | € 1,271,131 | € 976,810 | € 680,492 | ▼ 30% |
| Balance sheet total | € 5,071,216 | € 4,725,512 | € 4,511,736 | € 4,132,416 | ▼ 8% |
| Employees (FTE) | 12.1 | 12 | 13.5 | 12.7 | ▼ 0.8 |
Key figures of AD KOERSEL, 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 AD KOERSEL?
What happened at AD KOERSEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 188,084 (▼ € 301,033 vs 2024). filed late Source: NBB ↗
- Tim Linsen became a director. NBB
- New establishment in Beringen. KBO
- Chantal Vandecaetsbeek became a director. NBB
- ALFA BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 237,203 loss in 2022 to € 188,084 loss in 2025.
Best year ever: 2024, with € 112,948 profit.
On average € 74,800 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 AD KOERSEL are Tim Linsen, Chantal Vandecaetsbeek and ALFA BV. The shares are held by Chantal Vandecaetsbeek, ALFA and David Vandecaetsbeek.
Directors
According to the 2025 annual accounts
since 2021
Chantal Vandecaetsbeek
Manager
Is a shareholder · Holds a stake via ALFA
Also active at: ALFA, SUPER TONGEREN, PROXY KORTESSEM, AD T-FORUM
since 2017
Director · represented by David Vandecaetsbeek
Also active at: SUPER TONGEREN, PROXY KORTESSEM, AD T-FORUM
since 2017
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pieter Vanhoudtstraat 49
3582 Beringen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0680.761.143
- VAT number
- BE 0680.761.143
- Registered office
- Pieter Vanhoudtstraat 49, 3582 Beringen
- Names & denominations
- AD KOERSEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 2017
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)