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 2 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 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
NEW VERWEE from Knokke-Heist, company number BE0719910937, closed financial year 2025 with a result of € -82,257 after tax. For that financial year NEW VERWEE recorded a gross margin of € -162 and equity of € -137,517. Compared with financial year 2024, the result moved from € -64,225 to € -82,257. 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 April 23, 2026.
€ -137,517
▼ € 82,257 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -82,257
▼ 28 % more loss than in 2024
Profit after tax over the fiscal year.
€ 35,146
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -156,117.
Debts at end 2025
€ 400,000
Loans from banks and other lenders, long and short.
€ 3,000
▼ 80% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,000
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,483 | € 50,626 | € -2,636 | € -162 | ▲ € 2,474 |
| Profit after taxes | € 2,925 | € 238 | € -64,225 | € -82,257 | ▼ € 18,032 |
| Equity | € 8,728 | € 8,966 | € -55,259 | € -137,517 | ▼ € 82,257 |
| Total debts | € 866,819 | € 873,184 | € 1,045,840 | € 1,219,397 | ▲ 17% |
| Cash | € 40,528 | € 22,009 | € 143,250 | € 35,146 | ▼ 75% |
| Land & buildings | € 794,443 | € 781,716 | € 768,989 | € 965,430 | ▲ 26% |
| Retained profit | € -9,872 | € -9,634 | € -73,859 | € -156,117 | ▼ € 82,257 |
| Bank debt | € 400,000 | € 400,000 | € 400,000 | € 400,000 | |
| Balance sheet total | € 875,547 | € 882,150 | € 990,581 | € 1,081,880 | ▲ 9% |
Key figures of NEW VERWEE, 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 NEW VERWEE?
What happened at NEW VERWEE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 82,257. Source: NBB ↗
- Paul Emiel Geerinckx became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,925 profit in 2022 to € 82,257 loss in 2025.
Best year ever: 2022, with € 2,925 profit.
Management
Behind NEW VERWEE is Paul Emiel Geerinckx. It owns 100% of Litus Development itself.
Directors
According to the 2025 annual accounts
Paul Emiel Geerinckx
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Magere Schorre 117
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0719.910.937
- VAT number
- BE 0719.910.937
- Registered office
- Magere Schorre 117, 8300 Knokke-Heist
- Names & denominations
- NEW VERWEE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 2019
- Peppol
- Active · Active since 15 Jan 2026
- Activities · NACE
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