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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELGO DIVING from Gent, company number BE0860011502, closed financial year 2025 with a result of € 20,883 after tax. For that financial year BELGO DIVING recorded a gross margin of € 106,154 and equity of € 119,737. Compared with financial year 2024, the result moved from € 18,666 to € 20,883. 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 September 30, 2026.
€ 119,737
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,883
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 448
▼ 60% 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 € -340,263.
People and assets in 2025
€ 61,436
▲ 3% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 39,190
▼ 39% vs 2024
€ 5,637 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 51,450
▲ 120% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,525
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 52,516 | € 75,334 | € 97,327 | € 106,154 | ▲ 9% |
| Profit after taxes | € -18,498 | € -617 | € 18,666 | € 20,883 | ▲ 12% |
| Equity | € 80,804 | € 80,187 | € 98,854 | € 119,737 | ▲ 21% |
| Total debts | € 426,497 | € 371,880 | € 360,119 | € 351,045 | ▼ 3% |
| Cash | € 17,265 | € 22,446 | € 1,123 | € 448 | ▼ 60% |
| Land & buildings | € 205,346 | € 199,206 | € 193,215 | € 187,225 | ▼ 3% |
| Retained profit | € -379,196 | € -379,813 | € -361,146 | € -340,263 | ▲ € 20,883 |
| Bank debt | € 111,991 | € 66,723 | € 64,763 | € 39,190 | ▼ 39% |
| Balance sheet total | € 507,301 | € 452,067 | € 458,972 | € 470,781 | ▲ 3% |
Key figures of BELGO DIVING, 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 BELGO DIVING?
What happened at BELGO DIVING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,883 (▲ 12% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Carol Poe became a director. NBB
In short
From € 18,498 loss in 2022 to € 20,883 profit in 2025.
Paid € 754 in corporate taxes since 2022.
Best year ever: 2025, with € 20,883 profit.
Management
Behind BELGO DIVING is Carol Poe.
Directors
According to the 2025 annual accounts
Carol Poe
Director
since 2003
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 724
9050 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0860.011.502
- VAT number
- BE 0860.011.502
- Registered office
- Brusselsesteenweg 724, 9050 Gent
- Names & denominations
- BELGO DIVING · BUBBLE & DIVE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2003
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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