Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RELM from Kortrijk, company number BE0749705377, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year RELM recorded a gross margin of € 58,584 and equity of € 12.7 million. Compared with financial year 2024, the result moved from € 1.9 million to € 1.9 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 12.7 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
Profit after tax over the fiscal year.
€ 163,542
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 200,000 paid out
11 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 8.1 million
▲ 128% vs 2024
€ 2.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 90
▼ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,494
▲ 1% 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 | € 56,709 | € 49,859 | € 57,060 | € 58,584 | ▲ 3% |
| Profit after taxes | € 2,107,204 | € 1,826,276 | € 1,862,028 | € 1,863,828 | |
| Equity | € 7,395,144 | € 9,221,420 | € 11,023,448 | € 12,687,276 | ▲ 15% |
| Total debts | € 7,088,458 | € 5,346,494 | € 3,579,265 | € 8,198,568 | ▲ 129% |
| Cash | € 464,430 | € 534,230 | € 153,818 | € 163,542 | ▲ 6% |
| Retained profit | € 3,891,144 | € 5,717,420 | € 7,519,448 | € 9,183,276 | ▲ 22% |
| Dividend | € 0 | € 0 | € 60,000 | € 200,000 | ▲ 233% |
| Bank debt | € 7,069,675 | € 5,328,645 | € 3,570,140 | € 8,143,984 | ▲ 128% |
| Balance sheet total | € 14,483,602 | € 14,567,914 | € 14,602,713 | € 20,885,844 | ▲ 43% |
Key figures of RELM, 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 RELM?
What happened at RELM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.9 million. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Edouard Vindevogel became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2.1 million profit in 2022 to € 1.9 million profit in 2025.
Best year ever: 2022, with € 2.1 million profit.
Paid out € 260,000 in dividends to the owners in total.
A new publication or filing at RELM? 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 RELM is Edouard Vindevogel. It owns 12.5% of Damier and 10.5% of Brands Partners itself.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Grote Markt(Kor) 41
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0749.705.377
- VAT number
- BE 0749.705.377
- Registered office
- Grote Markt(Kor) 41, 8500 Kortrijk
- Names & denominations
- RELM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 2020
- Peppol
- Active · Active since 8 Dec 2025
- Activities · NACE
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