Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
K in Kortrijk from Brussel, company number BE0865132805, closed financial year 2025 with a result of € -4.1 million after tax. For that financial year K in Kortrijk recorded revenue of € 7 million and equity of € 63.3 million. Compared with financial year 2024, the result moved from € -4.4 million to € -4.1 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2026.
€ 63.3 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.1 million
▲ 6 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8.5 million
▲ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -33.2 million.
Debts at end 2025
€ 56 million
Loans from banks and other lenders, long and short.
€ 894,469
▼ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 77 days on average.
€ 134,941
▲ 154% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,349,525 | € 6,842,608 | € 6,870,680 | € 7,032,208 | ▲ 2% |
| Profit after taxes | € -5,667,681 | € -4,033,808 | € -4,403,056 | € -4,146,528 | ▲ € 256,528 |
| Equity | € 82,597,646 | € 74,863,838 | € 67,460,782 | € 63,314,254 | ▼ 6% |
| Total debts | € 58,840,747 | € 58,064,769 | € 58,239,587 | € 57,819,070 | ▼ 1% |
| Cash | € 7,306,767 | € 6,692,847 | € 6,411,450 | € 8,497,599 | ▲ 33% |
| Land & buildings | € 127,401,677 | € 120,465,086 | € 114,446,442 | € 108,574,466 | ▼ 5% |
| Retained profit | € -20,580,441 | € -24,614,249 | € -29,017,305 | € -33,163,833 | ▼ € 4.1 million |
| Bank debt | € 56,025,000 | € 56,025,000 | € 56,025,000 | € 56,025,000 | |
| Balance sheet total | € 141,438,393 | € 132,928,607 | € 125,700,369 | € 121,133,324 | ▼ 4% |
Key figures of K in Kortrijk, 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 K in Kortrijk?
What happened at K in Kortrijk in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Axel Hugo CEUSTERS stepped down as director. NBB
- Laurence Nadine J. SIMILLON stepped down as director. NBB
- Marc GÄRTNER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.1 million. filed late Source: NBB ↗
- Axel Hugo CEUSTERS became a director. NBB
- Laurence Nadine J. SIMILLON became a director. NBB
- Marc GÄRTNER became a director. NBB
- New establishment in Elsene. KBO
In short
From € 5.7 million loss in 2022 to € 4.1 million loss in 2025.
Pays suppliers within 77 days on average.
A new publication or filing at K in Kortrijk? 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
The shares are held by Union Investment Real Estate GmbH - Belgian Branch (100%) and UIR Verwaltungsgesellschaft mbH (0%).
Directors
According to the 2025 annual accounts
since 2025 · until 2031
Laurence Nadine J. SIMILLON
Director
since 2024 · until 2030
Marc GÄRTNER
Director
Also active at: THE FIRST, NewCort, UIR BELGIQUE 1, UIR LE PRESIDENT 1, FG EURO GREEN 1, UII GREEN RETAIL 63, Global Life Tree
since 2024 · until 2030
Shareholders
UIR Verwaltungsgesellschaft mbH
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0865.132.805
- VAT number
- BE 0865.132.805
- Registered office
- Louizalaan 54, 1050 Brussel
- Names & denominations
- K in Kortrijk
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 May 2004
- Peppol
- Active · Active since 9 Dec 2025
- Contact
- [email protected]
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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