Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
WAALSE KROOK from Gent, company number BE0819226861, closed financial year 2025 with a result of € 131,441 after tax. For that financial year WAALSE KROOK recorded a gross margin of € 2.1 million and equity of € 39.3 million. Compared with financial year 2024, the result moved from € 380,189 to € 131,441. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 39.3 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 131,441
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 5 million
▲ 12% 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 € -404,317.
People and assets in 2025
3.9
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 373,180
▲ 60% vs 2024
€ 95,700 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.
€ 857,961
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.9 million
▼ 8% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 539,082
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 232,100
▲ 80% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,368,216 | € 2,305,621 | € 2,317,877 | € 2,109,372 | ▼ 9% |
| Profit after taxes | € 578,383 | € 371,642 | € 380,189 | € 131,441 | ▼ 65% |
| Equity | € 45,196,464 | € 41,526,268 | € 40,123,932 | € 39,324,852 | ▼ 2% |
| Total debts | € 18,306,275 | € 16,954,490 | € 15,953,642 | € 14,895,212 | ▼ 7% |
| Cash | € 5,295,321 | € 3,985,060 | € 4,482,763 | € 4,999,039 | ▲ 12% |
| Land & buildings | € 56,479,058 | € 53,940,412 | € 51,401,767 | € 48,784,955 | ▼ 5% |
| Retained profit | € -1,287,589 | € -915,947 | € -535,757 | € -404,317 | ▲ € 131,441 |
| Bank debt | € 17,536,558 | € 16,316,009 | € 15,095,460 | € 13,874,911 | ▼ 8% |
| Balance sheet total | € 64,834,912 | € 62,048,059 | € 59,606,119 | € 56,832,992 | ▼ 5% |
| Employees (FTE) | 2.6 | 3 | 2.9 | 3.9 | ▲ 1 |
Key figures of WAALSE KROOK, 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 WAALSE KROOK?
What happened at WAALSE KROOK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 131,441 (▼ 65% vs 2024). Source: NBB ↗
- Freddy Mortier stepped down as director. NBB
- Bart Van Bael stepped down as director. NBB
- Adrien De Vos became a director. NBB
- Els Snick became a director. NBB
- Astrid De Bruycker became a director. NBB
- Elke Sleurs became a director. NBB
- Jordy Sabels became a director. NBB
In short
From € 578,383 profit in 2022 to € 131,441 profit in 2025.
Paid € 534,995 in corporate taxes since 2022.
Best year ever: 2022, with € 578,383 profit.
On average € 540,900 of value added per employee in 2025.
Management
Behind WAALSE KROOK are Steven Van Ascche, Adrien De Vos, Els Snick, Astrid De Bruycker, Elke Sleurs and Jordy Sabels. The shares are held by Stad Gent (35.4%), Provincie Oost-Vlaanderen (24.3%), Universiteit Gent (20.5%) and IMEC (19.8%).
Directors
According to the 2025 annual accounts
Steven Van Ascche
Director
since 2023
since 2025
since 2025
Astrid De Bruycker
Chairman of the board
Also active at: Vereniging van Vlaamse Steden en Gemeenten, Opera Ballet Vlaanderen
since 2025
Elke Sleurs
Director
since 2025
Jordy Sabels
Director
Also active at: EXPLORERS, Autonoom Gemeentebedrijf Sport, Cultuur en Recreatie Ieper
since 2025
Bruno Matthys
Director
since 2025
Jeroen Bourgonjon
Director
since 2024
Hendrik Pinxten
Director
since 2019 · until 2025
Sami Souguir
Chairman of the board
Also active at: Stadsontwikkeling Gent (sogent), THUISPUNT GENT, Citadel Finance, Investeringsmaatschappij Modest, Grondbank The Loop, Opera Ballet Vlaanderen
since 2019 · until 2025
since 2019 · until 2025
Filip Van Laecke
Vice-chairman of the board
since 2019 · until 2025
Tine De Moor
Director
since 2019 · until 2025
Leentje Grillaert
Director
Also active at: Toerisme Oost-Vlaanderen, PROVINCIAAL PROEFCENTRUM VOOR DE GROENTETEELT OOST- VLAANDEREN, Vereniging van de Vlaamse Provincies, Interprovinciaal Proefcentrum voor de Aardappelteelt vzw, Centrum Ronde van Vlaanderen VZW, Rattenbestrijding Oost-Vlaanderen
since 2019 · until 2025
Xanthippe Van De Genachte
Director
since 2021 · until 2025
Freddy Mortier
Director
Also active at: Unie Vrijzinnige Verenigingen, Centrale raad der niet-Confessionele levensbeschouwelijke gemeenschappen van belgië-Conseil central communautés Philophiques non Confessionnelles de Belg.
since 2022 · until 2026
Bart Van Bael
Director
since 2022 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Miriam Makebaplein 1
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0819.226.861
- VAT number
- BE 0819.226.861
- Registered office
- Miriam Makebaplein 1, 9000 Gent
- Names & denominations
- WAALSE KROOK
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 2 October 2009
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected]
- Activities · NACE
Exploitatie van culturele centra en multifunctionele zalen ten behoeve van culturele activiteiten
Activiteiten van bibliotheken
Bibliotheken,mediatheken en ludotheken
Cultureel onderwijs