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 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Route38 from Bilzen-Hoeselt, company number BE0747717273, closed financial year 2025 with a result of € -21,211 after tax. For that financial year Route38 recorded a gross margin of € 97,606 and equity of € -35,012. Compared with financial year 2024, the result moved from € 1,242 to € -21,211. 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 July 6, 2026.
€ -35,012
▼ € 21,211 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,211
▼ still € 1,242 profit in 2024
Profit after tax over the fiscal year.
€ 7,563
▲ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -40,012.
People and assets in 2025
€ 65,000
▼ 29% 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.
€ 104,325
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 104,486
▼ 16% vs 2024
€ 25,990 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 29,836
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,247
▲ 98% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,291 | € 175,499 | € 123,617 | € 97,606 | ▼ 21% |
| Profit after taxes | € -94,452 | € 66,289 | € 1,242 | € -21,211 | ▼ € 22,454 |
| Equity | € -81,332 | € -15,043 | € -13,800 | € -35,012 | ▼ € 21,211 |
| Total debts | € 237,987 | € 202,805 | € 171,099 | € 165,751 | ▼ 3% |
| Cash | € 4,173 | € 265 | € 3,878 | € 7,563 | ▲ 95% |
| Retained profit | € -86,332 | € -20,043 | € -18,800 | € -40,012 | ▼ € 21,211 |
| Bank debt | € 112,014 | € 81,738 | € 124,396 | € 104,486 | ▼ 16% |
| Balance sheet total | € 156,655 | € 187,762 | € 157,299 | € 130,739 | ▼ 17% |
Key figures of Route38, 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 Route38?
What happened at Route38 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,211 (▼ € 22,454 vs 2024). Source: NBB ↗
- New establishment in Bilzen-Hoeselt. KBO
- A & A - MMVP BV became a director. NBB
- B & M - MMVP VOF became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 94,452 loss in 2022 to € 21,211 loss in 2025.
Best year ever: 2023, with € 66,289 profit.
A new publication or filing at Route38? 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 Route38 are A & A - MMVP BV and B & M - MMVP VOF. A & A - MMVP BV is also behind Anadyr Group, Net's Work and LEVANDO BUSINESS CONSULTING.
Directors
According to the 2025 annual accounts
Director · represented by Andy Schuurmans
Also active at: Anadyr Group, Net's Work, LEVANDO BUSINESS CONSULTING
since 2020
Director · represented by Birger Vanheusden
since 2020
Establishments
Establishment units
Physical locations of this company
Winningenstraat 11
3730 Bilzen-Hoeselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
PROXIMUS-ISP-AS, BE
Domain
Domain
route38.be
Registered
2020-06-02
Website info
Features
Security
Details
- Company number
- 0747.717.273
- VAT number
- BE 0747.717.273
- Registered office
- Winningenstraat 11, 3730 Bilzen-Hoeselt
- Names & denominations
- Route38
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 May 2020
- Peppol
- Active · Active since 12 Sept 2024
- Contact
- route38.be [email protected]
- Activities · NACE
Cafés en bars
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Verhuur en lease van sport- en recreatieartikelen
Overige recreatie- en ontspanningsactiviteiten, neg
Organisatie van congressen en beurzen
Overige sportactiviteiten, neg
Promotie en organisatie van scheppende en uitvoerende kunstevenementen
Promotie en organisatie van uitvoerende kunstevenementen