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 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Gartelo Invest from Incourt, company number BE0784972203, closed financial year 2025 with a result of € -934,655 after tax. For that financial year Gartelo Invest recorded a gross margin of € -214,174 and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 4.4 million to € -934,655. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 3.3 million
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -934,655
▼ still € 4.4 million profit in 2024
Profit after tax over the fiscal year.
€ 867,346
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 47,699
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1,654
Loans from banks and other lenders, long and short.
€ 24,542
▲ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 361,121
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -170,373 | € -190,717 | € -226,268 | € -214,174 | ▲ € 12,094 |
| Profit after taxes | € -155,097 | € -19,133 | € 4,426,059 | € -934,655 | ▼ € 5.4 million |
| Equity | € -146,097 | € -165,230 | € 4,260,829 | € 3,326,174 | ▼ 22% |
| Total debts | € 19,988,185 | € 23,769,156 | € 28,129,897 | € 30,187,540 | ▲ 7% |
| Cash | € 2,919,518 | € 573,253 | € 743,516 | € 867,346 | ▲ 17% |
| Retained profit | € -155,097 | € -174,230 | € 4,251,829 | € 3,317,174 | ▼ 22% |
| Bank debt | € 0 | € 0 | € 0 | € 1,654 | |
| Balance sheet total | € 19,842,088 | € 23,603,927 | € 32,390,726 | € 33,513,713 | ▲ 3% |
Key figures of Gartelo Invest, 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 Gartelo Invest?
What happened at Gartelo Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 934,655 (▼ € 5.4 million vs 2024). filed late Source: NBB ↗
- New establishment in Incourt. KBO
- Romain DEBUYST became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 155,097 loss in 2022 to € 934,655 loss in 2025.
Paid € 512,862 in corporate taxes since 2022.
Best year ever: 2024, with € 4.4 million profit.
Management
Behind Gartelo Invest is Romain DEBUYST. It owns 100% of FONCIERE D'HAVERSIN itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Rue de l' Etang 10
1315 Incourt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Details
- Company number
- 0784.972.203
- VAT number
- BE 0784.972.203
- Registered office
- Rue de l' Etang 10, 1315 Incourt
- Names & denominations
- Gartelo Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 2022
- Peppol
- Active · Active since 6 Dec 2025