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 3 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 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ZOUTEKREKEN from Ieper, company number BE0867745568, closed financial year 2025 with a result of € -5.4 million after tax. For that financial year ZOUTEKREKEN recorded a gross margin of € -790,375 and equity of € -9.7 million. Compared with financial year 2024, the result moved from € -3.9 million to € -5.4 million. 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 October 15, 2026.
€ -9.7 million
▼ € 5.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.4 million
▼ 41 % more loss than in 2024
Profit after tax over the fiscal year.
€ 41,450
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26.7 million.
People and assets in 2025
7.8
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 461,486
▼ 8% vs 2024
€ 59,200 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.
€ 61,387
▲ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17.9 million
▲ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 600,071
▼ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,714
▼ 51% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,517,186 | € -321,947 | € 256,761 | € -790,375 | ▼ € 1 million |
| Profit after taxes | € -4,216,160 | € -3,985,001 | € -3,853,043 | € -5,421,680 | ▼ € 1.6 million |
| Equity | € 3,532,485 | € -452,516 | € -4,305,559 | € -9,727,238 | ▼ € 5.4 million |
| Total debts | € 12,677,748 | € 17,808,614 | € 17,867,286 | € 20,885,779 | ▲ 17% |
| Cash | € 23,095 | € 46,489 | € 92,981 | € 41,450 | ▼ 55% |
| Land & buildings | € 10,650,208 | € 10,258,893 | € 9,871,614 | € 9,486,110 | ▼ 4% |
| Retained profit | € -13,467,515 | € -17,452,516 | € -21,305,559 | € -26,727,238 | ▼ € 5.4 million |
| Bank debt | € 3,750,000 | € 16,000,000 | € 16,000,000 | € 17,920,000 | ▲ 12% |
| Balance sheet total | € 16,210,233 | € 17,356,098 | € 13,561,728 | € 11,158,541 | ▼ 18% |
| Employees (FTE) | 8.3 | 7.3 | 8.7 | 7.8 | ▼ 0.9 |
Key figures of ZOUTEKREKEN, 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 ZOUTEKREKEN?
What happened at ZOUTEKREKEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Paul Gheysens stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 5.4 million. filed late Source: NBB ↗
- Paul Gheysens became a director. NBB
- Passionata BV stepped down as director. NBB
- Passionata BV became a director. NBB
- New establishment in Knokke-Heist. KBO
- New establishment in Knokke-Heist. KBO
- New establishment in Knokke-Heist. KBO
In short
From € 4.2 million loss in 2022 to € 5.4 million loss in 2025.
Paid € 10,524 in corporate taxes since 2022.
On average € 29,500 of value added per employee in 2024.
Management
The stake of DEUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ZOUTEKREKENThe shares are held by DEUS (99.8%).
Directors
According to the 2025 annual accounts
Paul Gheysens
Chairman of the board
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GHELAMCO, GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, YPFINANCE, THE WHITE HOUSE ZOUTE +74 more
since 2025 · until 2031
Managing director · represented by Ria Vandoorne
Also active at: IMMOBILIERE NORTH SEA PROPERTIES, PRODIP, ELZENWALLE, ZOUTEWIND, ZEEWALLE, PROJECT BOUDEWIJNLAAN, PHORMIO, DEUS +2 more
since 2019 · until 2025
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Hazegrasstraat 141
8300 Knokke-Heist
Active since 28 October 2004
Hazegrasstraat 85
8300 Knokke-Heist
Active since 2 January 2012
Hazegrasstraat 151
8300 Knokke-Heist
Active since 2 January 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S.
€ -8,977 gross margin · 2025
GHELAMCO same network
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0867.745.568
- VAT number
- BE 0867.745.568
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- ZOUTEKREKEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 October 2004
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Fokken en houden van paarden en andere paardachtigen
Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij