Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
WITTESAELE REAL ESTATE SERVICES from Kortemark, company number BE0835341234, closed financial year 2025 with a result of € 22,695 after tax. For that financial year WITTESAELE REAL ESTATE SERVICES recorded a gross margin of € 59,188 and equity of € 134,268. Compared with financial year 2024, the result moved from € -36,514 to € 22,695. 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 July 22, 2026.
€ 134,268
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,695
▲ still € 36,514 loss in 2024
Profit after tax over the fiscal year.
€ 1,098
▲ 38% 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 € -21,332.
People and assets in 2025
€ 301
▼ 77% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 443,895
▼ 9% vs 2024
€ 26,733 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 2,269
▲ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,489
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 31,887 | € 25,973 | € 246 | € 59,188 | ▲ € 58,942 |
| Profit after taxes | € -9,896 | € -8,512 | € -36,514 | € 22,695 | ▲ € 59,209 |
| Equity | € 160,331 | € 150,986 | € 111,573 | € 134,268 | ▲ 20% |
| Total debts | € 513,679 | € 504,883 | € 505,718 | € 456,687 | ▼ 10% |
| Cash | € 11,034 | € 2,369 | € 795 | € 1,098 | ▲ 38% |
| Land & buildings | € 620,489 | € 602,626 | € 584,763 | € 566,899 | ▼ 3% |
| Retained profit | € 4,731 | € -4,614 | € -44,027 | € -21,332 | ▲ € 22,695 |
| Dividend | € 800 | € 833 | € 2,898 | € 0 | ▼ 100% |
| Bank debt | € 497,274 | € 488,913 | € 490,448 | € 443,895 | ▼ 9% |
| Balance sheet total | € 674,009 | € 655,868 | € 617,291 | € 590,955 | ▼ 4% |
Key figures of WITTESAELE REAL ESTATE SERVICES, 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 WITTESAELE REAL ESTATE SERVICES?
What happened at WITTESAELE REAL ESTATE SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 22,695. Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,896 loss in 2022 to € 22,695 profit in 2025.
Paid € 654 in corporate taxes since 2022.
Best year ever: 2025, with € 22,695 profit.
Paid out € 4,531 in dividends to the owners in total.
A new publication or filing at WITTESAELE REAL ESTATE SERVICES? We notify you, reason included.
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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
Behind WITTESAELE REAL ESTATE SERVICES is Laurens Wittesaele.
Directors
According to the 2025 annual accounts
Laurens Wittesaele
Director
Establishments
Establishment units
Physical locations of this company
Spanjaardstraat 1 A
8610 Kortemark
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0835.341.234
- VAT number
- BE 0835.341.234
- Registered office
- Spanjaardstraat 1 A, 8610 Kortemark
- Names & denominations
- WITTESAELE REAL ESTATE SERVICES · WRES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 April 2011
- Peppol
- Active · Active since 10 Jun 2025
- Activities · NACE
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Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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