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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CHARLES & THEO from Koksijde, company number BE0865914842, closed financial year 2025 with a result of € -86,782 after tax. For that financial year CHARLES & THEO recorded a gross margin of € 24,479 and equity of € -159,684. Compared with financial year 2024, the result moved from € -72,468 to € -86,782. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -159,684
▼ € 86,782 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -86,782
▼ 20 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,261
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -178,284.
People and assets in 2025
€ 93,178
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8,841
▲ 103% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,700
▲ 4% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 37,777 | € 25,527 | € 32,672 | € 24,479 | ▼ 25% |
| Profit after taxes | € -42,535 | € -62,116 | € -72,468 | € -86,782 | ▼ € 14,314 |
| Equity | € 412,543 | € 350,427 | € -72,902 | € -159,684 | ▼ € 86,782 |
| Total debts | € 1,028,674 | € 1,102,242 | € 1,575,500 | € 1,564,529 | ▼ 1% |
| Cash | € 3,997 | € 2,040 | € 1,432 | € 1,261 | ▼ 12% |
| Land & buildings | € 1,310,347 | € 1,269,707 | € 1,229,066 | € 1,188,425 | ▼ 3% |
| Retained profit | € 393,943 | € 331,827 | € -91,502 | € -178,284 | ▼ € 86,782 |
| Dividend | € 0 | € 0 | € 350,861 | € 0 | ▼ 100% |
| Balance sheet total | € 1,488,659 | € 1,500,111 | € 1,550,039 | € 1,452,287 | ▼ 6% |
Key figures of CHARLES & THEO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CHARLES & THEO?
What happened at CHARLES & THEO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 86,782. Source: NBB ↗
- MANUEL VALCKE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 42,535 loss in 2022 to € 86,782 loss in 2025.
Paid € 1,020 in corporate taxes since 2022.
Paid out € 350,861 in dividends to the owners in total.
Management
Behind CHARLES & THEO is MANUEL VALCKE. MANUEL VALCKE is also behind DR. MANUEL VALCKE - ANESTHESIST.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Kwinteweg(Odk) 2 box GV02
8670 Koksijde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0865.914.842
- VAT number
- BE 0865.914.842
- Registered office
- Kwinteweg(Odk) 2 bus GV02, 8670 Koksijde
- Names & denominations
- CHARLES & THEO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 2004
- Peppol
- Active · Active since 10 Dec 2024
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