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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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Nails Of Flanders from Gistel, company number BE0726886029, closed financial year 2025 with a result of € 815,671 after tax. For that financial year Nails Of Flanders recorded revenue of € 9.6 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 2.7 million to € 815,671. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 8, 2026.
€ 3.1 million
▼ 42% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 815,671
▼ 70% vs 2024
Profit after tax over the fiscal year.
€ 825,275
▲ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
8.7
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 582,866
▲ 8% vs 2024
€ 67,000 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.
€ 1.3 million
▼ 18% vs 2024
Of which on lease € 1.2 million.
Debts at end 2025
€ 1.8 million
▲ 13% vs 2024
€ 256,453 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.5 million
▲ € 2.1 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 116 days on average.
€ 105,123
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 10,048,764 | € 9,591,938 | ▼ 5% |
| Gross margin | € 3,523,793 | € 4,395,605 | - | - | |
| Profit after taxes | € 2,119,811 | € 2,936,851 | € 2,733,602 | € 815,671 | ▼ 70% |
| Equity | € 3,146,982 | € 4,726,833 | € 5,235,435 | € 3,051,106 | ▼ 42% |
| Total debts | € 3,708,859 | € 4,137,551 | € 4,407,511 | € 7,443,723 | ▲ 69% |
| Cash | € 638,432 | € 1,066,494 | € 467,361 | € 825,275 | ▲ 77% |
| Retained profit | € 2,546,982 | € 4,126,833 | € 4,635,435 | € 2,451,106 | ▼ 47% |
| Dividend | € 500,000 | € 1,350,000 | € 2,225,000 | € 3,000,000 | ▲ 35% |
| Bank debt | € 2,151,912 | € 1,845,757 | € 1,598,156 | € 1,802,306 | ▲ 13% |
| Balance sheet total | € 6,855,840 | € 8,864,383 | € 9,642,946 | € 10,494,829 | ▲ 9% |
| Employees (FTE) | 7.3 | 8.2 | 8 | 8.7 | ▲ 0.7 |
Key figures of Nails Of Flanders, 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 Nails Of Flanders?
What happened at Nails Of Flanders in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 815,671 (▼ 70% vs 2024). Source: NBB ↗
- Jadal SAS became a director. NBB
- Edfanzac SAS became a director. NBB
- Grauwet Roger BV became a director. NBB
- Graco BV became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.1 million profit in 2022 to € 815,671 profit in 2025.
Paid € 2 million in corporate taxes since 2022.
Best year ever: 2023, with € 2.9 million profit.
On average € 536,000 of value added per employee in 2023.
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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
The stake of PGS RODANAR PALLETS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Nails Of FlandersBehind Nails Of Flanders are Jadal SAS, Grauwet Roger BV, Edfanzac SAS and Graco BV. The shares are held by PGS RODANAR PALLETS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Jean-Louis Louvel
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS Rec Belgium, PGS Demey, PGS REVERSE EUROPE
since 2022
Director · represented by Roger Grauwet
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS MATON, PGS PALLETHANDEL EELEN, PGS RDB Pallets, PGS RECON, PGS Rec Belgium, Demey Ronse +2 more
since 2021
Director · represented by Michaël Modugno
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS Rec Belgium, PGS Demey, PGS REVERSE EUROPE
since 2022
Director · represented by Luc Grauwet
Also active at: PGS RODANAR PALLETS, PGS De Backer Pallets, PGS MATON, White Field Development, PGS PALLETHANDEL EELEN, PGS RECON, PGS Rec Belgium, Demey Ronse +3 more
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Torhoutse Baan 5 box 2
8470 Gistel
Dokter Paul Janssenlaan 3
8400 Oostende
Active since 17 May 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →FINIMMO 9600
€ 32,627 gross margin · 2025
PGS RODANAR PALLETS same network
€ 50.5 million revenue · 2025
PGS De Backer Pallets same network
€ 49.3 million revenue · 2025
White Field Development same network
€ 161,870 gross margin · 2025
PGS SPECIAL PACKAGING same network
€ 209,625 gross margin · 2025
+16 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0726.886.029
- VAT number
- BE 0726.886.029
- Registered office
- Torhoutse Baan 5 bus 2, 8470 Gistel
- Names & denominations
- Nails Of Flanders
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 May 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van artikelen van draad en van kettingen en veren
Groothandel in ijzerwaren