Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Cottage from Knokke-Heist, company number BE0871370202, closed financial year 2025 with a result of € 63,236 after tax. For that financial year Cottage recorded a gross margin of € 349,854 and equity of € 62,466. Compared with financial year 2024, the result moved from € 18,944 to € 63,236. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 62,466
▲ € 63,236 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 63,236
▲ 234% vs 2024
Profit after tax over the fiscal year.
€ 86,176
▲ € 81,133 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 43,866.
People and assets in 2025
€ 252,122
▲ 134% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 33,621
▲ 170% vs 2024
Loans from banks and other lenders, long and short.
€ 98,453
▲ € 88,689 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 67,768
▲ 81% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 196,400 | € 208,953 | € 142,674 | € 349,854 | ▲ 145% |
| Profit after taxes | € -36,125 | € 16,208 | € 18,944 | € 63,236 | ▲ 234% |
| Equity | € -35,921 | € -19,713 | € -769 | € 62,466 | ▲ € 63,236 |
| Total debts | € 226,749 | € 169,774 | € 102,128 | € 208,434 | ▲ 104% |
| Cash | € 1,300 | € 6,204 | € 5,044 | € 86,176 | ▲ € 81,133 |
| Land & buildings | € 8,682 | € 8,360 | € 8,038 | € 0 | ▼ 100% |
| Retained profit | € -54,521 | € -38,313 | € -19,369 | € 43,866 | ▲ € 63,236 |
| Bank debt | € 49,406 | € 41,501 | € 12,465 | € 33,621 | ▲ 170% |
| Balance sheet total | € 190,828 | € 150,061 | € 101,359 | € 270,901 | ▲ 167% |
Key figures of Cottage, 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 Cottage?
What happened at Cottage in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 63,236 (▲ 234% vs 2024). filed late Source: NBB ↗
- New establishment in De Haan. KBO
- New establishment in Knokke-Heist. KBO
- New establishment in Knokke-Heist. KBO
- Lisa Aernoudts became a director. NBB
- New establishment in De Haan. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 36,125 loss in 2022 to € 63,236 profit in 2025.
Paid € 14,364 in corporate taxes since 2022.
Best year ever: 2025, with € 63,236 profit.
Management
Behind Cottage are Paul Aernoudts, Lisa Aernoudts and Anne Brakel.
Directors
According to the 2025 annual accounts
Paul Aernoudts
Director
Lisa Aernoudts
Director
since 2018
Anne Brakel
Director
Establishments
Establishment units
Physical locations of this company
Lippenslaan 168
8300 Knokke-Heist
Leopoldlaan 15
8420 De Haan
Active since 5 February 2005
Lippenslaan 180
8300 Knokke-Heist
Active since 1 February 2020
Leopoldlaan 28
8420 De Haan
Active since 1 January 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- AERNOUDTS Paul André Elisabeth(oprichter) 50%
- BAETSLÉ Alain Dominique Edmond(oprichter) 50%
Details
- Company number
- 0871.370.202
- VAT number
- BE 0871.370.202
- Registered office
- Lippenslaan 168, 8300 Knokke-Heist
- Names & denominations
- Cottage
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 2005
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
Detailhandel in schoeisel