Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
37 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Lokeren E17 from Wortegem-Petegem, company number BE0777484989, closed financial year 2025 with a result of € 494,918 after tax. For that financial year Lokeren E17 recorded revenue of € 1.3 million and equity of € 199,545. Compared with financial year 2024, the result moved from € 1.4 million to € 494,918. The company is profitable. The buffer shrank hard: equity is 83 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 199,545
▼ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 494,918
▼ 64% vs 2024
Profit after tax over the fiscal year.
€ 2,547
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 3.2 million
▼ 7% vs 2024
€ 233,333 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 1,278
▼ € 849,725 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1 days on average.
€ 6,925
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 2,994,898 | € 3,854,141 | € 1,275,495 | ▼ 67% |
| Profit after taxes | € 735,539 | € 1,369,088 | € 494,918 | ▼ 64% |
| Equity | € 835,539 | € 1,204,627 | € 199,545 | ▼ 83% |
| Total debts | € 4,363,341 | € 4,391,136 | € 5,230,271 | ▲ 19% |
| Cash | € 317,930 | € 4,811 | € 2,547 | ▼ 47% |
| Land & buildings | € 1,514,413 | € 2,643,307 | € 3,817,847 | ▲ 44% |
| Retained profit | € 735,539 | € 1,104,627 | € 99,545 | ▼ 91% |
| Dividend | € 0 | € 1,000,000 | € 1,500,000 | ▲ 50% |
| Bank debt | € 3,737,558 | € 3,383,333 | € 3,150,000 | ▼ 7% |
| Balance sheet total | € 5,198,880 | € 5,595,762 | € 5,429,815 | ▼ 3% |
Key figures of Lokeren E17, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 May 2027.
What happened to Lokeren E17?
What happened at Lokeren E17 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 494,918 (▼ 64% vs 2024). Source: NBB ↗
- New establishment in Wortegem-Petegem. KBO
- The Merchant's Counsellors Ltd NV became a director. NBB
- DEROOSE PROJECTS NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 735,539 profit in 2023 to € 494,918 profit in 2025.
Paid € 872,703 in corporate taxes since 2023.
Best year ever: 2024, with € 1.4 million profit.
Paid out € 2.5 million in dividends to the owners in total.
Management
The stake of LCV INVEST, GECOK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Lokeren E17Behind Lokeren E17 are The Merchant's Counsellors Ltd NV and DEROOSE PROJECTS NV. The shares are held by LCV INVEST (50%) and GECOK (50%).
Directors
According to the 2025 annual accounts
The Merchant's Counsellors Ltd NV
Director · represented by Philip Vanmarcke
Also active at: NIMOINVEST, Active Belgian Land Investment, Zest Real Estate Development, NEW MZ AALST, IMMO COUILLET
since 2021
Director · represented by Dirk Deroose
Also active at: Megaton, Groeninghe, UpFresh, Bekaert Depla, URTEX, FRANKY, GOSSEYE, WILLY NAESSENS INDUSTRIEBOUW +61 more
since 2021
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kouter (E.) 3
9790 Wortegem-Petegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 37 companies are registered at this address.
All companies at this address →Bekaert Depla same network
URTEX same network
GOSSEYE same network
€ 2.4 million gross margin · 2025
WILLY NAESSENS INDUSTRIEBOUW same network
€ 334.3 million revenue · 2025
LCV INVEST same network
€ 13.6 million revenue · 2025
+32 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0777.484.989
- VAT number
- BE 0777.484.989
- Registered office
- Kouter (E.) 3, 9790 Wortegem-Petegem
- Names & denominations
- Lokeren E17
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 November 2021
- Peppol
- Active · Active since 27 Nov 2025
- Activities · NACE
Ontwikkeling van niet-residentiële bouwprojecten
Activiteiten van bouwarchitecten
Ontwikkeling van residentiële bouwprojecten
Handel in eigen onroerend goed