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 4 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 17 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
R159 from Waregem, company number BE0882711975, closed financial year 2025 with a result of € -501 after tax. For that financial year R159 recorded a gross margin of € -291 and equity of € -350,463. Compared with financial year 2024, the result moved from € -277 to € -501. 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 August 28, 2026.
€ -350,463
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -501
▼ 81 % more loss than in 2024
Profit after tax over the fiscal year.
€ 9,773
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -490,463.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -76 | € -478 | € -85 | € -291 | ▼ € 206 |
| Profit after taxes | € -337 | € -681 | € -277 | € -501 | ▼ € 224 |
| Equity | € -349,005 | € -349,686 | € -349,962 | € -350,463 | |
| Total debts | € 360,236 | € 360,236 | € 360,236 | € 360,236 | |
| Cash | € 11,232 | € 10,551 | € 10,274 | € 9,773 | ▼ 5% |
| Retained profit | € -489,005 | € -489,686 | € -489,962 | € -490,463 | |
| Balance sheet total | € 11,232 | € 10,551 | € 10,274 | € 9,773 | ▼ 5% |
Key figures of R159, 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 R159?
What happened at R159 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- STEFAAN VANASSCHE stepped down as director. NBB
- YVES DEMEULENAERE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 501. filed late Source: NBB ↗
- STEFAAN VANASSCHE became a director. NBB
- YVES DEMEULENAERE became a director. NBB
- New establishment in Wielsbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 337 loss in 2022 to € 501 loss in 2025.
A new publication or filing at R159? 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
Directors
According to the 2025 annual accounts
STEFAAN VANASSCHE
Director
Also active at: IMTEC, FPS - Multiproducts, SALES PROMOTION INTERNATIONAL, STOCKPLASTICS - VORMSPUITWERK, QGD, JuuNoo
since 2021 · until 2027
YVES DEMEULENAERE
Director
Also active at: Demeco, Sonalex, WAREGEMSE TEXTIEL CLUB, ALFA TAPIJTFABRIEK, ORANGEFIELD, IMTEC, FPS - Multiproducts, STOCKPLASTICS - VORMSPUITWERK +2 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Barrage 104
8793 Waregem
Rijksweg 159
8710 Wielsbeke
Active since 17 August 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0882.711.975
- VAT number
- BE 0882.711.975
- Registered office
- Barrage 104, 8793 Waregem
- Names & denominations
- R159
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 July 2006
- Peppol
- Not registered