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 3 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Power Gym from Izegem, company number BE0789954142, closed financial year 2025 with a result of € -1,970 after tax. For that financial year Power Gym recorded a gross margin of € 75,658 and equity of € -115,131. Compared with financial year 2024, the result moved from € -23,976 to € -1,970. The company made a loss. 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 March 31, 2026.
€ -115,131
▼ € 1,970 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,970
▲ 92 % less loss than in 2024
Profit after tax over the fiscal year.
€ 24,129
▲ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -116,131.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 41,178
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 421
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 191,938
▲ 28% vs 2024
€ 21,539 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 82,650
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,080
▲ € 4,640 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -27,565 | € 13,361 | € 75,658 | ▲ € 62,296 |
| Profit after taxes | € -90,185 | € -23,976 | € -1,970 | ▲ € 22,006 |
| Equity | € -89,185 | € -113,161 | € -115,131 | ▼ € 1,970 |
| Total debts | € 158,665 | € 332,187 | € 291,418 | ▼ 12% |
| Cash | € 6,831 | € 18,573 | € 24,129 | ▲ 30% |
| Retained profit | € -90,185 | € -114,161 | € -116,131 | ▼ € 1,970 |
| Bank debt | € 66,469 | € 149,586 | € 191,938 | ▲ 28% |
| Balance sheet total | € 69,480 | € 219,026 | € 176,287 | ▼ 20% |
| Employees (FTE) | 0.7 | 0 | - |
Key figures of Power Gym, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Power Gym?
What happened at Power Gym in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,970. Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
- Niels Deckmyn became a director. NBB
In short
From € 90,185 loss in 2023 to € 1,970 loss in 2025.
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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
Directors
According to the 2025 annual accounts
Niels Deckmyn
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Krekelmotestraat 62 box 18
8870 Izegem
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
- 0789.954.142
- VAT number
- BE 0789.954.142
- Registered office
- Krekelmotestraat 62 bus 18, 8870 Izegem
- Names & denominations
- Power Gym
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 August 2022
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Activiteiten van fitnesscentra
Schoonheidsverzorging en andere schoonheidsbehandelingen
Detailhandel in cosmetica en toiletartikelen
Sport- en recreatieonderwijs
Detailhandel in overige sportartikelen
Cafés en bars
Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels
Schoonheidsverzorging