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 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
THE SHORTCUT from Kortenberg, company number BE0795552032, closed financial year 2025 with a result of € 71,940 after tax. For that financial year THE SHORTCUT recorded a gross margin of € 113,707 and equity of € 101,939. Compared with financial year 2024, the result moved from € 46,768 to € 71,940. Profitable, and profit is growing. 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 July 14, 2026.
€ 101,939
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 71,940
▲ 54% vs 2024
Profit after tax over the fiscal year.
€ 124,269
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 71,940 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 977
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 961
▲ € 770 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 72,889
▲ 120% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 76,139 | € 89,874 | € 113,707 | ▲ 27% |
| Profit after taxes | € 50,171 | € 46,768 | € 71,940 | ▲ 54% |
| Equity | € 55,171 | € 101,939 | € 101,939 | |
| Total debts | € 649,874 | € 663,759 | € 744,092 | ▲ 12% |
| Cash | € 78,364 | € 104,087 | € 124,269 | ▲ 19% |
| Retained profit | € 50,171 | € 96,939 | € 96,939 | |
| Dividend | € 0 | € 0 | € 71,940 | |
| Balance sheet total | € 705,045 | € 765,698 | € 846,031 | ▲ 10% |
Key figures of THE SHORTCUT, 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 THE SHORTCUT?
What happened at THE SHORTCUT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 71,940 (▲ 54% vs 2024). Source: NBB ↗
- New establishment in Kortenberg. KBO
- Tim Panneels became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 50,171 profit in 2023 to € 71,940 profit in 2025.
Paid € 86,933 in corporate taxes since 2023.
Best year ever: 2025, with € 71,940 profit.
Paid out € 71,940 in dividends to the owners in total.
Management
Behind THE SHORTCUT is Tim Panneels.
Directors
According to the 2025 annual accounts
Tim Panneels
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Kwerpsebaan 286
3071 Kortenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0795.552.032
- VAT number
- BE 0795.552.032
- Registered office
- Kwerpsebaan 286, 3071 Kortenberg
- Names & denominations
- THE SHORTCUT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2022
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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