Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4.9 to 3.3.
Financials
Financial year 2025
Linnenkastje Latem from Sint-Martens-Latem, company number BE0697814436, closed financial year 2025 with a result of € 77,503 after tax. For that financial year Linnenkastje Latem recorded a gross margin of € 365,524 and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 105,022 to € 77,503. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 23, 2026.
€ 1.4 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 77,503
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 199,782
▲ 45% 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 € 1.4 million.
People and assets in 2025
3.3
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 142,426
▼ 18% vs 2024
€ 43,200 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.
€ 39,982
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▲ 45% vs 2024
€ 117,757 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 47,542
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 45,545
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 503,481 | € 359,270 | € 426,672 | € 365,524 | ▼ 14% |
| Profit after taxes | € 218,091 | € 106,244 | € 105,022 | € 77,503 | ▼ 26% |
| Equity | € 1,098,789 | € 1,198,433 | € 1,297,254 | € 1,374,758 | ▲ 6% |
| Total debts | € 1,070,009 | € 976,332 | € 819,732 | € 1,134,840 | ▲ 38% |
| Cash | € 118,962 | € 44,046 | € 137,510 | € 199,782 | ▲ 45% |
| Land & buildings | € 879,402 | € 858,475 | € 837,548 | € 1,198,052 | ▲ 43% |
| Retained profit | € 1,080,189 | € 1,179,833 | € 1,278,654 | € 1,356,158 | ▲ 6% |
| Bank debt | € 928,926 | € 862,903 | € 695,695 | € 1,011,497 | ▲ 45% |
| Balance sheet total | € 2,168,798 | € 2,174,765 | € 2,116,986 | € 2,509,597 | ▲ 19% |
| Employees (FTE) | 4.7 | 4.9 | 3.9 | 3.3 | ▼ 0.6 |
Key figures of Linnenkastje Latem, 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 Linnenkastje Latem?
What happened at Linnenkastje Latem in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 77,503 (▼ 26% vs 2024). Source: NBB ↗
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 218,091 profit in 2022 to € 77,503 profit in 2025.
Paid € 162,423 in corporate taxes since 2022.
Best year ever: 2022, with € 218,091 profit.
On average € 110,800 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 Linnenkastje Latem is Kate Pauwels.
Directors
According to the 2025 annual accounts
Kate Pauwels
Director
Establishments
Establishment units
Physical locations of this company
Latemstraat 3 box 1-2
9830 Sint-Martens-Latem
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
HETZNER-AS, DE
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0697.814.436
- VAT number
- BE 0697.814.436
- Registered office
- Latemstraat 3 bus 1-2, 9830 Sint-Martens-Latem
- Names & denominations
- Linnenkastje Latem
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 2018
- Peppol
- Active · Active since 22 Apr 2025
- Contact
- linnenkastje.be
- Activities · NACE
Detailhandel in onderkleding, lingerie en strand- en badkleding