Active · per the CBE, 16 September 2026

Target Company

BE0759638969

Rechtspersoon Private limited company 1 establishment

Target Company is an IT company in Pittem. Private Limited, started on 10 December 2020, 1 establishment.

Verbieststraat 10, 8740 Pittem

Behind the company: LOTHAR DE MAREZ-DESMET.

Active for

5 year, 9 months

Financials

Financial year 2025

Target Company from Pittem, company number BE0759638969, closed financial year 2025 with a result of € 23,243 after tax. For that financial year Target Company recorded a gross margin of € 134,865 and equity of € 74,335. Compared with financial year 2024, the result moved from € 18,187 to € 23,243. 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 August 27, 2026.

What it is worth Growing

€ 74,335

▲ 11% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 23,243

▲ 28% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 14,704

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 16,000 paid out

69 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents estimate

≈ 1

No payroll staff. One director, so that person most likely runs the business.

Wage cost

€ 80,872

▲ 50% 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.

Vehicles and equipment

€ 17,096

▲ € 14,293 vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 6 years to go

€ 186,677

▲ 4% vs 2024

€ 30,981 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 19,007

▲ 22% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Wages and social charges

€ 11,604

▼ 27% vs 2024

Wages, holiday pay and social contributions still to pay. No outstanding taxes.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Gross margin € 42,651 € 39,228 € 98,254 € 134,865 ▲ 37%
Profit after taxes € 20,187 € 15,326 € 18,187 € 23,243 ▲ 28%
Equity € 33,579 € 48,905 € 67,091 € 74,335 ▲ 11%
Total debts € 235,539 € 231,926 € 211,522 € 233,287 ▲ 10%
Cash € 3,751 € 3,625 € 0 € 14,704
Land & buildings € 225,761 € 240,713 € 229,110 € 218,525 ▼ 5%
Retained profit € 28,579 € 43,905 € 62,091 € 69,335 ▲ 12%
Dividend € 0 € 0 € 0 € 16,000
Bank debt € 193,142 € 199,238 € 180,116 € 186,677 ▲ 4%
Balance sheet total € 269,118 € 280,830 € 278,614 € 307,622 ▲ 10%

Key figures of Target Company, 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 Target Company?

What happened at Target Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • New annual accounts for financial year 2025: profit of € 23,243 (▲ 28% vs 2024). filed late Source: NBB ↗
  • New establishment in Pittem. KBO
  • Start of the company according to the CBE. KBO
  • LOTHAR DE MAREZ-DESMET became a director. NBB

In short

From € 20,187 profit in 2022 to € 23,243 profit in 2025.

Paid € 24,558 in corporate taxes since 2022.

Best year ever: 2025, with € 23,243 profit.

Paid out € 16,000 in dividends to the owners in total.

Management

LOTHAR DE MAREZ-DESMET
Target Company

Behind Target Company is LOTHAR DE MAREZ-DESMET.

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Directors

According to the 2025 annual accounts

LOTHAR DE MAREZ-DESMET

Director

since 2020

Establishments

Establishment units

Physical locations of this company

Registered office

Verbieststraat 10

8740 Pittem

2.310.761.318

Tieltstraat 68

8740 Pittem

Active since 10 December 2020

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0759.638.969
VAT number
BE 0759.638.969
Registered office
Verbieststraat 10, 8740 Pittem
Names & denominations
Target Company
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Normale toestand
Start date
10 December 2020
Peppol
Active · Active since 12 Jan 2026
Activities · NACE

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Frequently asked questions

What does Target Company do?
Target Company is an IT company in Pittem. Private Limited, started on 10 December 2020, 1 establishment.
What is the address of Target Company?
The registered office of Target Company is located at Verbieststraat 10, 8740 Pittem.
Is Target Company still active?
Yes. According to the CBE (16 September 2026) Target Company is active, legal situation “Normale toestand”, started on 10 December 2020.
Is Target Company registered on Peppol?
Yes, Target Company is registered on the Peppol network with ID 0208:0759638969.
What is the enterprise number of Target Company?
The enterprise number of Target Company is BE0759638969.
When was Target Company founded?
Target Company was founded on 10 December 2020.