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 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BANDORA from Merchtem, company number BE0726733995, closed financial year 2025 with a result of € -3,864 after tax. For that financial year BANDORA recorded a gross margin of € 66,607 and equity of € -56,949. Compared with financial year 2024, the result moved from € 7,205 to € -3,864. 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 30, 2026.
€ -56,949
▼ € 3,864 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,864
▼ still € 7,205 profit in 2024
Profit after tax over the fiscal year.
€ 8,192
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -62,949.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 61,311
▼ 17% vs 2024
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
€ 40,000
▼ 7% vs 2024
Loans from banks and other lenders, long and short.
€ 54,554
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,155
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 62,983 | € 89,061 | € 91,393 | € 66,607 | ▼ 27% |
| Profit after taxes | € -13,413 | € 9,892 | € 7,205 | € -3,864 | ▼ € 11,069 |
| Equity | € -70,182 | € -60,290 | € -53,085 | € -56,949 | ▼ € 3,864 |
| Total debts | € 185,175 | € 184,809 | € 184,153 | € 175,224 | ▼ 5% |
| Cash | € 14,710 | € 16,323 | € 18,277 | € 8,192 | ▼ 55% |
| Retained profit | € -76,182 | € -66,290 | € -59,085 | € -62,949 | ▼ € 3,864 |
| Bank debt | € 61,931 | € 45,830 | € 42,818 | € 40,000 | ▼ 7% |
| Balance sheet total | € 114,993 | € 124,519 | € 131,068 | € 118,275 | ▼ 10% |
Key figures of BANDORA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to BANDORA?
What happened at BANDORA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,864 (▼ € 11,069 vs 2024). Source: NBB ↗
- New establishment in Merchtem. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,413 loss in 2022 to € 3,864 loss in 2025.
Best year ever: 2023, with € 9,892 profit.
Management
Behind BANDORA is Kjell Colsoul. Kjell Colsoul is also behind COLSOULTING.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 186
1785 Merchtem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0726.733.995
- VAT number
- BE 0726.733.995
- Registered office
- Brusselsesteenweg 186, 1785 Merchtem
- Names & denominations
- BANDORA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 2019
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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