Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Say Cheese from Hamme (Vl.), company number BE0787474209, closed financial year 2025 with a result of € 942 after tax. For that financial year Say Cheese recorded a gross margin of € 62,974 and equity of € 17,913. Compared with financial year 2024, the result moved from € 5,645 to € 942. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 17,913
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 942
▼ 83% vs 2024
Profit after tax over the fiscal year.
€ 26,090
▲ 130% 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 € 15,913.
People and assets in 2025
€ 29,676
▲ 30% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 201,487
▲ 15% vs 2024
€ 23,364 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 27,594
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,689
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,916 | € 30,696 | € 52,798 | € 62,974 | ▲ 19% |
| Profit after taxes | € 9,204 | € 123 | € 5,645 | € 942 | ▼ 83% |
| Equity | € 11,204 | € 11,326 | € 16,971 | € 17,913 | ▲ 6% |
| Total debts | € 66,288 | € 215,806 | € 199,276 | € 242,958 | ▲ 22% |
| Cash | € 10,631 | € 1,747 | € 11,348 | € 26,090 | ▲ 130% |
| Land & buildings | € 43,500 | € 184,600 | € 173,600 | € 192,609 | ▲ 11% |
| Retained profit | € 9,204 | € 9,326 | € 14,971 | € 15,913 | ▲ 6% |
| Bank debt | € 48,499 | € 191,066 | € 174,889 | € 201,487 | ▲ 15% |
| Balance sheet total | € 77,492 | € 227,133 | € 216,247 | € 260,871 | ▲ 21% |
Key figures of Say Cheese, 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 Say Cheese?
What happened at Say Cheese in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 942 (▼ 83% vs 2024). Source: NBB ↗
- New establishment in Hamme (Vl.). KBO
- Start of the company according to the CBE. KBO
In short
From € 9,204 profit in 2022 to € 942 profit in 2025.
Paid € 5,943 in corporate taxes since 2022.
Best year ever: 2022, with € 9,204 profit.
A new publication or filing at Say Cheese? 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
Behind Say Cheese are Christophe Boel and Melissa Verbelen.
Directors
According to the 2025 annual accounts
Christophe Boel
Bestuurder
Melissa Verbelen
Bestuurder
Establishments
Establishment units
Physical locations of this company
Dendermondse Steenweg 36
9220 Hamme (Vl.)
Kerkstraat 2
9220 Hamme (Vl.)
Active since 21 June 2022
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.
Details
- Company number
- 0787.474.209
- VAT number
- BE 0787.474.209
- Registered office
- Dendermondse Steenweg 36, 9220 Hamme (Vl.)
- Names & denominations
- Say Cheese
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2022
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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