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 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FENCE PARTNERS from Kortemark, company number BE0788417186, closed financial year 2025 with a result of € 822,298 after tax. For that financial year FENCE PARTNERS recorded a gross margin of € 157,344 and equity of € 14.5 million. Compared with financial year 2024, the result moved from € 323,921 to € 822,298. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 14.5 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 822,298
▲ 154% vs 2024
Profit after tax over the fiscal year.
€ 336,758
▲ 249% 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 € 1.5 million.
Debts at end 2025
€ 4.9 million
▼ 11% vs 2024
€ 713,432 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 128
▼ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,231
▲ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 72,837 | € 101,065 | € 157,344 | ▲ 56% |
| Profit after taxes | € 317,140 | € 323,921 | € 822,298 | ▲ 154% |
| Equity | € 3,467,140 | € 13,669,487 | € 14,491,786 | ▲ 6% |
| Total debts | € 3,146,921 | € 5,875,789 | € 4,895,013 | ▼ 17% |
| Cash | € 458,597 | € 96,409 | € 336,758 | ▲ 249% |
| Retained profit | € 317,140 | € 641,061 | € 1,463,360 | ▲ 128% |
| Bank debt | € 2,730,732 | € 5,456,160 | € 4,876,179 | ▼ 11% |
| Balance sheet total | € 6,614,062 | € 19,545,276 | € 19,386,798 | ▼ 1% |
Key figures of FENCE PARTNERS, 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 July 2027.
What happened to FENCE PARTNERS?
What happened at FENCE PARTNERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 822,298 (▲ 154% vs 2024). Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 317,140 profit in 2023 to € 822,298 profit in 2025.
Best year ever: 2025, with € 822,298 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
The stake of TELESCO, NEW VDM, Vandries Holding, VK Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FENCE PARTNERSBehind FENCE PARTNERS are El Golfo BV, Dollar Consult Commv, Christophe-VKH, Tumbaoo BV and Wovaco. The shares are held by TELESCO (52%), NEW VDM (18%), Vandries Holding (15%) and VK Holding (15%). It owns 100% of K&V Projects, 100% of AEV Afsluitingen, 100% of Lakkerij Vandermaesen and 100% of Van Kerckhoven Draadhandel itself.
Directors
According to the 2025 annual accounts
Director · represented by Talpe Tony
Also active at: SEGAERT AFSLUITINGEN, NOUVEAUX ETABLISSEMENTS BOLOGNE, METAFAN, LAKKERIJ VANDERMAESEN, KOPAL, A.E.V. AFSLUITINGEN, VAN KERCKHOVEN DRAADHANDEL, B.R.T. +6 more
Managing director · represented by Vandries Viktor
Also active at: A.E.V. AFSLUITINGEN, FencePlus, Vandries Holding
Director · represented by Van Kerckhoven Christophe
Also active at: VAN KERCKHOVEN DRAADHANDEL
Director · represented by Talpe Stefan
Also active at: SEGAERT AFSLUITINGEN, NOUVEAUX ETABLISSEMENTS BOLOGNE, METAFAN, LAKKERIJ VANDERMAESEN, KOPAL, A.E.V. AFSLUITINGEN, VAN KERCKHOVEN DRAADHANDEL, B.R.T. +6 more
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Ieperstraat 75 box A
8610 Kortemark
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
- 0788.417.186
- VAT number
- BE 0788.417.186
- Registered office
- Ieperstraat 75 bus A, 8610 Kortemark
- Names & denominations
- FENCE PARTNERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 2022
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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