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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
Financials
Financial year 2025
THE DRILLING COMPANY from Gent, company number BE0803793666, closed financial year 2025 with a result of € 41,051 after tax. For that financial year THE DRILLING COMPANY recorded a gross margin of € 953,645 and equity of € -89,160. Compared with financial year 2024, the result moved from € -150,211 to € 41,051. Profitable, and profit is growing. 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 June 3, 2026.
€ -89,160
▲ € 41,051 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,051
▲ still € 150,211 loss in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% 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 € -109,160.
People and assets in 2025
7.2
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 515,264
▼ 33% vs 2024
€ 71,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 971,104
▼ 17% vs 2024
Of which on lease € 915,868.
Debts at end 2025
€ 1.5 million
▼ 14% vs 2024
€ 343,872 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 357,213
▲ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 897
▼ 97% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 954,030 | € 953,645 | |
| Profit after taxes | € -150,211 | € 41,051 | ▲ € 191,262 |
| Equity | € -130,211 | € -89,160 | ▲ € 41,051 |
| Total debts | € 2,143,043 | € 1,868,991 | ▼ 13% |
| Cash | € 97,255 | € 0 | ▼ 100% |
| Retained profit | € -150,211 | € -109,160 | ▲ € 41,051 |
| Bank debt | € 1,756,019 | € 1,510,882 | ▼ 14% |
| Balance sheet total | € 2,012,832 | € 1,804,831 | ▼ 10% |
| Employees (FTE) | 8.5 | 7.2 | ▼ 1.3 |
Key figures of THE DRILLING COMPANY, fiscal years 2024 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 DRILLING COMPANY?
What happened at THE DRILLING COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,051. Source: NBB ↗
- New establishment in Gent. KBO
- Noven became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 150,211 loss in 2024 to € 41,051 profit in 2025.
Paid € 1,119 in corporate taxes since 2024.
Best year ever: 2025, with € 41,051 profit.
On average € 132,500 of value added per employee in 2025.
Management
The stake of NOVEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THE DRILLING COMPANYBehind THE DRILLING COMPANY is Noven. The shares are held by NOVEN (100%).
Directors
According to the 2025 annual accounts
Director · represented by Jeroen Rabaey
Also active at: NOVEN BXL, NOVEN NOORD, NOVEN HOME, NOVEN WI
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Coupure 64D
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
WIX_COM, IL
Website info
Features
Security
Network
Details
- Company number
- 0803.793.666
- VAT number
- BE 0803.793.666
- Registered office
- Coupure 64D, 9000 Gent
- Names & denominations
- THE DRILLING COMPANY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 2023
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- thedrillingcompany.be
- Activities · NACE
Proefboren en boren
Bouw van civieltechnische werken voor vloeistoffen, neg