Financials
Financial year 2025
KAREL V from Merelbeke-Melle, company number BE0747660855, closed financial year 2025 with a result of € 40,616 after tax. For that financial year KAREL V recorded a gross margin of € 82,623 and equity of € 96,459. Compared with financial year 2024, the result moved from € 22,744 to € 40,616. 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 June 16, 2026.
€ 96,459
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 40,616
▲ 79% vs 2024
Profit after tax over the fiscal year.
€ 68,233
▲ 139% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 40,000 paid out
98 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 17,422
▲ 74% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 295,680
▲ € 252,830 vs 2024
€ 10,871 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 2,428
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,747
▼ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,950 | € 66,933 | € 47,869 | € 82,623 | ▲ 73% |
| Profit after taxes | € 7,265 | € 42,224 | € 22,744 | € 40,616 | ▲ 79% |
| Equity | € 30,875 | € 73,098 | € 95,843 | € 96,459 | ▲ 1% |
| Total debts | € 21,454 | € 105,690 | € 142,258 | € 358,001 | ▲ 152% |
| Cash | € 4,021 | € 31,047 | € 28,566 | € 68,233 | ▲ 139% |
| Retained profit | € 25,875 | € 68,098 | € 90,843 | € 91,459 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 40,000 | |
| Bank debt | € 0 | € 0 | € 42,850 | € 295,680 | ▲ € 252,830 |
| Balance sheet total | € 52,329 | € 178,789 | € 238,101 | € 454,459 | ▲ 91% |
Key figures of KAREL V, 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 KAREL V?
What happened at KAREL V in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 40,616 (▲ 79% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Gent. KBO
- Justine Duytschaever became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
- Karel Versyp became a director. NBB
In short
From € 7,265 profit in 2022 to € 40,616 profit in 2025.
Paid € 45,015 in corporate taxes since 2022.
Best year ever: 2023, with € 42,224 profit.
Paid out € 40,000 in dividends to the owners in total.
A new publication or filing at KAREL V? We notify you, reason included.
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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 KAREL V are Karel Versyp and Justine Duytschaever. It owns 2.3% of Cosy itself.
Directors
According to the 2025 annual accounts
since 2020
Justine Duytschaever
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Zonneveld 32
9820 Merelbeke-Melle
Muinkkaai 32 box 101
9000 Gent
Active since 1 July 2025
Muinkkaai 32 box 1
9000 Gent
Active since 1 July 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0747.660.855
- VAT number
- BE 0747.660.855
- Registered office
- Zonneveld 32, 9820 Merelbeke-Melle
- Names & denominations
- KAREL V
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 May 2020
- Peppol
- Active · Active since 27 Nov 2023
- Activities · NACE
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