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 2 of the last 3 fiscal years.
Financials
Financial year 2024
UNDER BELLY from Kortrijk, company number BE0779364217, closed financial year 2024 with a result of € 21,921 after tax. For that financial year UNDER BELLY recorded a gross margin of € 35,155 and equity of € -99,581. Compared with financial year 2023, the result moved from € -165,694 to € 21,921. 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 September 29, 2025.
€ -99,581
▲ € 21,921 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,921
▲ still € 165,694 loss in 2023
Profit after tax over the fiscal year.
€ 6,610
▼ 50% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -101,581.
People and assets in 2024
€ 158
▼ 70% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 16,131
▲ 35% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 24,839
▼ 10% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 53,021 | € 34,215 | € 35,155 | ▲ 3% |
| Profit after taxes | € 42,191 | € -165,694 | € 21,921 | ▲ € 187,615 |
| Equity | € 44,191 | € -121,502 | € -99,581 | ▲ € 21,921 |
| Total debts | € 506,228 | € 85,148 | € 60,558 | ▼ 29% |
| Cash | € 4 | € 13,312 | € 6,610 | ▼ 50% |
| Retained profit | € 42,191 | € -123,502 | € -101,581 | ▲ € 21,921 |
| Balance sheet total | € 550,419 | € 60,897 | € 58,228 | ▼ 4% |
Key figures of UNDER BELLY, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to UNDER BELLY?
What happened at UNDER BELLY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 21,921. filed late Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 42,191 profit in 2022 to € 21,921 profit in 2024.
Paid € 30,602 in corporate taxes since 2022.
Best year ever: 2022, with € 42,191 profit.
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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 UNDER BELLY are Sabina Janart and Philippe Bruneel. It owns 100% of PHILIPPE BRUNEEL AGENCIES itself.
Directors
According to the 2024 annual accounts
Philippe Bruneel
Director
Establishments
Establishment units
Physical locations of this company
Deken Degryselaan(Kor) 51
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0779.364.217
- VAT number
- BE 0779.364.217
- Registered office
- Deken Degryselaan(Kor) 51, 8500 Kortrijk
- Names & denominations
- UNDER BELLY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 2021
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Activiteiten van holdings
Holdings