Financials
Financial year 2025
International Leather Company from Oostende, company number BE0765275461, closed financial year 2025 with a result of € 19,896 after tax. For that financial year International Leather Company recorded a gross margin of € 738,332 and equity of € 457,030. Compared with financial year 2024, the result moved from € -169,264 to € 19,896. 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 16, 2026.
€ 457,030
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,896
▲ still € 169,264 loss in 2024
Profit after tax over the fiscal year.
€ 157,252
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -42,970.
People and assets in 2025
14.8
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 606,518
▼ 8% vs 2024
€ 41,000 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.
€ 1,680
▼ 83% vs 2024
Of which on lease € 1,166.
Debts at end 2025
€ 142,382
▼ 21% vs 2024
€ 39,129 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 60,299
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 103,245
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,027,801 | € 860,393 | € 588,271 | € 738,332 | ▲ 26% |
| Profit after taxes | € 55,762 | € 61,970 | € -169,264 | € 19,896 | ▲ € 189,160 |
| Equity | € 555,762 | € 606,399 | € 437,134 | € 457,030 | ▲ 5% |
| Total debts | € 380,525 | € 372,319 | € 379,634 | € 305,926 | ▼ 19% |
| Cash | € 218,575 | € 157,766 | € 211,435 | € 157,252 | ▼ 26% |
| Retained profit | € 55,762 | € 106,399 | € -62,866 | € -42,970 | ▲ € 19,896 |
| Dividend | € 0 | € 11,334 | € 0 | € 0 | |
| Bank debt | € 171,979 | € 147,014 | € 179,677 | € 142,382 | ▼ 21% |
| Balance sheet total | € 936,287 | € 978,718 | € 816,768 | € 762,956 | ▼ 7% |
| Employees (FTE) | 14.6 | 16.4 | 16.7 | 14.8 | ▼ 1.9 |
Key figures of International Leather 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 International Leather Company?
What happened at International Leather 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 € 19,896. Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 55,762 profit in 2022 to € 19,896 profit in 2025.
Paid € 15,666 in corporate taxes since 2022.
Best year ever: 2023, with € 61,970 profit.
On average € 49,900 of value added per employee in 2025.
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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
The stake of Lic comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
International Leather CompanyBehind International Leather Company are LIC NV, Willianne Genillier and Dirk De Bruycker. The shares are held by Lic (50%).
Establishments
Establishment units
Physical locations of this company
Leegaardsdijk 8
8400 Oostende
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
lic-leather.com
Registered
2016-07-20
Registrar
Combell NV
Expires
2027-07-20
Website info
Features
Security
Network
Details
- Company number
- 0765.275.461
- VAT number
- BE 0765.275.461
- Registered office
- Leegaardsdijk 8, 8400 Oostende
- Names & denominations
- International Leather Company · ILC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 2021
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- lic-leather.com +32 59 80 04 07
- Activities · NACE
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