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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Lago Grimbergen Pierebad from Grimbergen, company number BE0775611802, closed financial year 2025 with a result of € 165,627 after tax. For that financial year Lago Grimbergen Pierebad recorded a gross margin of € 1.4 million and equity of € -392,704. Compared with financial year 2024, the result moved from € 73,686 to € 165,627. Profitable, and profit is growing. 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 August 25, 2026.
€ -392,704
▲ € 165,627 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 165,627
▲ 125% vs 2024
Profit after tax over the fiscal year.
€ 137,590
▼ 24% 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 € -642,704.
People and assets in 2025
17.6
▼ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 840,306
▼ 6% vs 2024
€ 47,700 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.
€ 35,228
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.7 million
▼ 5% vs 2024
€ 213,746 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 170,963
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 116,026
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -811,889 | € 106,324 | € 536,222 | € 1,386,854 | ▲ 159% |
| Profit after taxes | € -920,374 | € 38,358 | € 73,686 | € 165,627 | ▲ 125% |
| Equity | € -857,874 | € -632,017 | € -558,331 | € -392,704 | ▲ € 165,627 |
| Total debts | € 5,244,362 | € 5,054,922 | € 4,437,195 | € 4,100,620 | ▼ 8% |
| Cash | € 134,607 | € 77,559 | € 181,206 | € 137,590 | ▼ 24% |
| Land & buildings | € 2,964,617 | € 2,795,535 | € 2,629,611 | € 2,504,636 | ▼ 5% |
| Retained profit | € -920,374 | € -882,017 | € -808,331 | € -642,704 | ▲ € 165,627 |
| Bank debt | € 4,356,210 | € 4,149,637 | € 3,940,830 | € 3,729,502 | ▼ 5% |
| Balance sheet total | € 4,386,488 | € 4,422,905 | € 3,878,864 | € 3,707,916 | ▼ 4% |
| Employees (FTE) | 17.3 | 19.1 | 20.8 | 17.6 | ▼ 3.2 |
Key figures of Lago Grimbergen Pierebad, 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 Lago Grimbergen Pierebad?
What happened at Lago Grimbergen Pierebad in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 165,627 (▲ 125% vs 2024). filed late Source: NBB ↗
- Jan De Wit stepped down as director. NBB
- Sam Keytsman stepped down as director. NBB
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
- Jan De Wit became a director. NBB
- Sam Keytsman became a director. NBB
In short
From € 920,374 loss in 2022 to € 165,627 profit in 2025.
Paid € 302 in corporate taxes since 2022.
Best year ever: 2025, with € 165,627 profit.
On average € 78,800 of value added per employee in 2025.
A new publication or filing at Lago Grimbergen Pierebad? 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
The shares are held by Innopa NV (100%).
Directors
According to the 2025 annual accounts
Jan De Wit
Chairman of the board
Owns 65% via Innopa NV
Also active at: INNOPA, MULTIPROFESSIONELE ARCHITECTENVENNOOTSCHAP ARTABEL, TRIMAX-YACHTS, ARTABEL Engineering, SPORT EN RECREATIEBAD PELT, S&R Brugge, S&R Kortrijk-Zwevegem, WETZLARBAD +6 more
since 2021 · until 2026
Sam Keytsman
Director
since 2021 · until 2026
Shareholders
Innopa NV · holding of Jan De Wit
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ringlaan 25
1853 Grimbergen
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
Microsoft 365
Hosting
LEVEL27-AS * Please direct all complaints to [email protected] *, BE
Website info
Features
Security
Details
- Company number
- 0775.611.802
- VAT number
- BE 0775.611.802
- Registered office
- Ringlaan 25, 1853 Grimbergen
- Names & denominations
- Lago Grimbergen Pierebad
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 October 2021
- Peppol
- Active · Active since 15 Sept 2025
- Contact
- lago.be
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