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 26 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Flanders Make from Lommel, company number BE0860286268, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year Flanders Make recorded revenue of € 32.3 million and equity of € 26 million. Compared with financial year 2024, the result moved from € 1.7 million to € 1.5 million. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 26 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 184,569
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
218.6
▲ 13.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 24.3 million
▲ 13% vs 2024
€ 111,200 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.
€ 16.4 million
▼ 4% vs 2024
Of which on lease € 15.7 million.
Debts at end 2025
€ 16.7 million
▼ 1% vs 2024
€ 200,046 is repaid this year. At this pace the long-term loan is gone in ≈ 83 years.
€ 3.8 million
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 143 days on average.
€ 4.5 million
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 25,228,288 | € 27,990,368 | € 30,932,223 | € 32,344,337 | ▲ 5% |
| Profit after taxes | € -674,514 | € 28,934 | € 1,726,437 | € 1,544,901 | ▼ 11% |
| Equity | € 20,617,825 | € 19,938,127 | € 23,457,461 | € 26,028,388 | ▲ 11% |
| Total debts | € 130,155,122 | € 183,709,099 | € 205,406,171 | € 208,648,123 | ▲ 2% |
| Cash | € 43,433,885 | € 20,434,538 | € 9,525,239 | € 184,569 | ▼ 98% |
| Land & buildings | € 3,396,352 | € 3,159,570 | € 2,936,949 | € 2,695,458 | ▼ 8% |
| Retained profit | € 13,711,856 | € 13,740,785 | € 15,467,222 | € 16,358,666 | ▲ 6% |
| Bank debt | € 0 | € 16,988,939 | € 16,829,925 | € 16,651,253 | ▼ 1% |
| Balance sheet total | € 150,804,052 | € 203,693,229 | € 228,990,210 | € 234,739,234 | ▲ 3% |
| Employees (FTE) | 175.7 | 192.6 | 204.9 | 218.6 | ▲ 13.7 |
Key figures of Flanders Make, 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 Flanders Make?
What happened at Flanders Make in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.5 million (▼ 11% vs 2024). Source: NBB ↗
- Thomas Beauduin became a director. NBB
- Geert Ostyn stepped down as director. NBB
- Jolyce Demely became a director. NBB
- Julie Lietaer became a director. NBB
- Geert Bruyneel became a director. NBB
- Geert Van Poelvoorde became a director. NBB
- Jan Vercammen became a director. NBB
In short
From € 674,514 loss in 2022 to € 1.5 million profit in 2025.
Paid € 501,233 in corporate taxes since 2022.
Best year ever: 2024, with € 1.7 million profit.
Pays suppliers within 143 days on average.
A new publication or filing at Flanders Make? 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 Flanders Make are Julie Lietaer, Geert Bruyneel, Geert Van Poelvoorde, Elke Piessens, Katrien Wyckaert and Ignace Lemahieu. It owns 100% of NV REDESIM and 20% of Community Building Arenberg itself.
Directors
According to the 2025 annual accounts
Julie Lietaer
Director
Also active at: SYMACO, EUROPEAN SPINNING GROUP, AVS SPINNING, Kruisem Logistics Park, DEMTEX, SAMAINVEST, Katholieke Hogeschool Vives Zuid, Katholieke Hogeschool VIVES Noord +3 more
since 2024
Geert Bruyneel
Director
since 2024
since 2024
Elke Piessens
Director
since 2023
since 2019
since 2019
Koenraad Debackere
Director
since 2019
Jan Vercammen
Director
Also active at: Ahlers Logistics, AHLERS, E’Log Automation, SMART 21, Jan VERCAMMEN
since 2024
André Bouffioux
Director
Also active at: Frisofina, VELEC, ARMABO, Pauwels Transformers, HRD ANTWERP
since 2019
since 2024
Thomas Beauduin
Director
since 2025
Koen Christiaensen
Director
since 2024
Geert Ostyn
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Oude Diestersebaan 133
3920 Lommel
Graaf Karel de Goedelaan(Kor) 16-18
8500 Kortrijk
Active since 1 September 2018
Gaston Geenslaan 8
3001 Leuven
Active since 4 November 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0860.286.268
- VAT number
- BE 0860.286.268
- Registered office
- Oude Diestersebaan 133, 3920 Lommel
- Names & denominations
- Flanders Make · Make
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 29 August 2003
- Peppol
- Active · Active since 13 Jan 2025
- Activities · NACE
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied