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 57 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
GOODMARK EUROPE from Kuurne, company number BE0864276631, closed financial year 2026 with a result of € 208,234 after tax. For that financial year GOODMARK EUROPE recorded revenue of € 11.7 million and equity of € 2.4 million. Compared with financial year 2025, the result moved from € 37,988 to € 208,234. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 2.4 million
▲ 3% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 208,234
▲ € 170,246 vs 2025
Profit after tax over the fiscal year.
€ 235,028
▲ 138% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 150,000 paid out
72 % of the profit went to the shareholders, mostly to Goodmark Group Ltd (50 % of the shares). That is where the money ends up.
People and assets in 2026
11.8
▲ 0.3 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 793,514
▼ 21% vs 2025
€ 67,200 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.
€ 2,573
▲ 15% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 1.1 million
▼ 58% vs 2025
Loans from banks and other lenders, long and short.
€ 2.1 million
▼ 22% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 71 days on average.
€ 264,872
▲ 27% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | € 15,700,123 | € 16,563,947 | € 15,576,009 | € 11,679,662 | ▼ 25% |
| Profit after taxes | € 354,474 | € 263,412 | € 37,988 | € 208,234 | ▲ € 170,246 |
| Equity | € 2,249,397 | € 2,262,809 | € 2,300,797 | € 2,359,031 | ▲ 3% |
| Total debts | € 6,184,625 | € 6,547,615 | € 5,606,980 | € 3,654,881 | ▼ 35% |
| Cash | € 253,046 | € 383,205 | € 98,856 | € 235,028 | ▲ 138% |
| Retained profit | € 1,749,397 | € 1,762,809 | € 1,800,797 | € 1,859,031 | ▲ 3% |
| Dividend | € 250,000 | € 250,000 | € 0 | € 150,000 | |
| Bank debt | € 1,632,699 | € 2,064,662 | € 2,607,284 | € 1,091,769 | ▼ 58% |
| Balance sheet total | € 8,434,021 | € 8,810,424 | € 7,907,777 | € 6,013,912 | ▼ 24% |
| Employees (FTE) | 11.7 | 11.7 | 11.5 | 11.8 | ▲ 0.3 |
Key figures of GOODMARK EUROPE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to GOODMARK EUROPE?
What happened at GOODMARK EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sylvie Herman stepped down as director. NBB
- Anne-Laure Heyman stepped down as director. NBB
- Stefan Volcke stepped down as director. NBB
- Stefaan G Volcke stepped down as director. NBB
- Jean-Pierre Staelens stepped down as director. NBB
- B Greenfields BV stepped down as director. NBB
- Lipsacon BV stepped down as director. NBB
- New annual accounts for financial year 2026: profit of € 208,234 (▲ € 170,246 vs 2025). Source: NBB ↗
In short
From € 354,474 profit in 2023 to € 208,234 profit in 2026.
Paid € 284,132 in corporate taxes since 2023.
Best year ever: 2023, with € 354,474 profit.
Paid out € 650,000 in dividends to the owners in total.
Management
The shares are held by Goodmark Group Ltd (50.1%) and Volcke Aerosol Connection Plc (49.9%).
Directors
According to the 2026 annual accounts
Sylvie Herman
Director
since 2023 · until 2029
Anne-Laure Heyman
Managing director
since 2023 · until 2029
Stefan Volcke
Managing director
since 2023 · until 2029
Stefaan G Volcke
Chairman of the board
since 2023 · until 2029
Jean-Pierre Staelens
Director
since 2023 · until 2029
since 2023 · until 2029
Director · represented by Tom Van De Venster
since 2024 · until 2027
Shareholders
Goodmark Group Ltd
50.1%
Volcke Aerosol Connection Plc
49.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrielaan 15
8520 Kuurne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0864.276.631
- VAT number
- BE 0864.276.631
- Registered office
- Industrielaan 15, 8520 Kuurne
- Names & denominations
- GOODMARK EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 2004
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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