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 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELGIQA UNITED from Menen, company number BE0745632961, closed financial year 2025 with a result of € 291,262 after tax. For that financial year BELGIQA UNITED recorded revenue of € 16 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 206,137 to € 291,262. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 1.6 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 291,262
▲ 41% vs 2024
Profit after tax over the fiscal year.
€ 705,659
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 977,932.
People and assets in 2025
3
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 219,352
▲ 178% vs 2024
€ 73,100 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.
€ 31,982
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.6 million
▲ 48% vs 2024
€ 218,464 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.6 million
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.
€ 42,578
▲ 200% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 15,966,543 | |
| Gross margin | € 430,410 | € 660,695 | € 743,709 | - | |
| Profit after taxes | € 223,112 | € 267,573 | € 206,137 | € 291,262 | ▲ 41% |
| Equity | € 512,961 | € 780,534 | € 1,319,357 | € 1,610,618 | ▲ 22% |
| Total debts | € 5,611,605 | € 5,437,333 | € 5,813,907 | € 6,354,977 | ▲ 9% |
| Cash | € 886,288 | € 650,247 | € 703,638 | € 705,659 | |
| Retained profit | € 212,961 | € 480,534 | € 686,671 | € 977,932 | ▲ 42% |
| Bank debt | € 1,967,872 | € 1,716,434 | € 1,063,715 | € 1,573,683 | ▲ 48% |
| Balance sheet total | € 6,124,566 | € 6,217,868 | € 7,133,263 | € 7,965,595 | ▲ 12% |
| Employees (FTE) | - | 0 | 1 | 3 | ▲ 2 |
Key figures of BELGIQA UNITED, 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 BELGIQA UNITED?
What happened at BELGIQA UNITED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 291,262 (▲ 41% vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 223,112 profit in 2022 to € 291,262 profit in 2025.
Paid € 255,318 in corporate taxes since 2022.
Best year ever: 2025, with € 291,262 profit.
On average € 743,700 of value added per employee in 2024.
Management
The stake of HIGHWAY REAL ESTATE, Gilenco comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGIQA UNITEDBehind BELGIQA UNITED are HIGHWAY REAL ESTATE NV, VANLANDSCHOOT HOUT BV and GILENCO BV. The shares are held by HIGHWAY REAL ESTATE (33.3%) and Gilenco (33.3%). It owns 100% of Belgiqa Sales itself.
Directors
According to the 2025 annual accounts
Shareholders
33.3%
33.3%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Hogeweg 245
8930 Menen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →HIGHWAY REAL ESTATE same network
€ 423,172 revenue · 2024
Unicus
€ 698,054 gross margin · 2025
WXX
HIGHWAY MOTORS
€ 19,652 gross margin · 2025
Belgiqa Sales same network
€ 131,854 gross margin · 2025
+3 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
- 0745.632.961
- VAT number
- BE 0745.632.961
- Registered office
- Hogeweg 245, 8930 Menen
- Names & denominations
- BELGIQA UNITED
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 2020
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
Groothandel in hout