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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
VANRAES from Wervik, company number BE0829196184, closed financial year 2025 with a result of € 33,516 after tax. For that financial year VANRAES recorded a gross margin of € 135,740 and equity of € 239,668. Compared with financial year 2024, the result moved from € 24,059 to € 33,516. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 25, 2026.
€ 239,668
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 33,516
▲ 39% vs 2024
Profit after tax over the fiscal year.
€ 60,282
▲ 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 € 219,668.
Debts at end 2025
€ 812,729
▼ 8% vs 2024
€ 76,397 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 26
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,903
▲ € 4,254 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 96,605 | - | - | - | |
| Gross margin | € 20,511 | € 130,027 | € 133,695 | € 135,740 | ▲ 2% |
| Profit after taxes | € -100,177 | € 46,929 | € 24,059 | € 33,516 | ▲ 39% |
| Equity | € 135,163 | € 182,092 | € 206,151 | € 239,668 | ▲ 16% |
| Total debts | € 332,960 | € 1,574,985 | € 1,385,684 | € 1,315,083 | ▼ 5% |
| Cash | € 67,322 | € 61,071 | € 30,129 | € 60,282 | ▲ 100% |
| Land & buildings | € 302,181 | € 1,560,925 | € 1,498,828 | € 1,436,732 | ▼ 4% |
| Retained profit | € 115,163 | € 162,092 | € 186,151 | € 219,668 | ▲ 18% |
| Bank debt | € 325,171 | € 959,457 | € 887,083 | € 812,729 | ▼ 8% |
| Balance sheet total | € 468,123 | € 1,757,077 | € 1,591,835 | € 1,554,750 | ▼ 2% |
Key figures of VANRAES, 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 VANRAES?
What happened at VANRAES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 33,516 (▲ 39% vs 2024). Source: NBB ↗
- New establishment in Wervik. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,177 loss in 2022 to € 33,516 profit in 2025.
Paid € 21,935 in corporate taxes since 2022.
Best year ever: 2023, with € 46,929 profit.
Management
The stake of CAREYE Andy, Kubiek³ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VANRAESBehind VANRAES is Kubiek³ BV. The shares are held by CAREYE Andy (51%) and Kubiek³ (49%).
Directors
According to the 2025 annual accounts
Director · represented by MARIELOUIS BV, met als vertegenwoordiger Lieven Maes en BETRACON BV, met als vertegenwoordiger Brecht Pottie
Shareholders
51%
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Menenstraat 108
8940 Wervik
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0829.196.184
- VAT number
- BE 0829.196.184
- Registered office
- Menenstraat 108, 8940 Wervik
- Names & denominations
- VANRAES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 September 2010
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Bouwrijp maken van terreinen
Metselwerk
Installatie van isolatie
Algemene bouw van residentiële gebouwen
Algemene bouw van andere niet-residentiële gebouwen
Overige gespecialiseerde bouwactiviteiten, neg
Restaureren van bouwwerken
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