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 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SHOES & C° from Ninove, company number BE0884442832, closed financial year 2025 with a result of € 23,528 after tax. For that financial year SHOES & C° recorded a gross margin of € 238,851 and equity of € 220,573. Compared with financial year 2024, the result moved from € 56,211 to € 23,528. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 23, 2026.
€ 220,573
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,528
▼ 58% vs 2024
Profit after tax over the fiscal year.
€ 33,454
▲ 44% 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 € 52,023.
People and assets in 2025
2.8
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 144,945
▼ 6% vs 2024
€ 51,800 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.
Debts at end 2025
€ 260,189
▲ 49% vs 2024
€ 25,898 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 25,295
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,827
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 185,235 | € 216,728 | € 226,755 | € 238,851 | ▲ 5% |
| Profit after taxes | € 59,304 | € 67,601 | € 56,211 | € 23,528 | ▼ 58% |
| Equity | € 73,233 | € 140,835 | € 197,046 | € 220,573 | ▲ 12% |
| Total debts | € 388,287 | € 376,201 | € 289,088 | € 357,043 | ▲ 24% |
| Cash | € 52,918 | € 43,608 | € 23,177 | € 33,454 | ▲ 44% |
| Retained profit | € -95,317 | € -27,715 | € 28,496 | € 52,023 | ▲ 83% |
| Bank debt | € 277,398 | € 229,536 | € 174,894 | € 260,189 | ▲ 49% |
| Balance sheet total | € 461,521 | € 517,036 | € 486,133 | € 577,616 | ▲ 19% |
| Employees (FTE) | 3.5 | 3.1 | 2.9 | 2.8 | ▼ 0.1 |
Key figures of SHOES & C°, 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 January 2027.
What happened to SHOES & C°?
What happened at SHOES & C° in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,528 (▼ 58% vs 2024). filed late Source: NBB ↗
- ANDY PEELMAN became a director. NBB
- New establishment in Ninove. KBO
- New establishment in Ninove. KBO
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,304 profit in 2022 to € 23,528 profit in 2025.
Paid € 28,351 in corporate taxes since 2022.
Best year ever: 2023, with € 67,601 profit.
On average € 85,300 of value added per employee in 2025.
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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
ANDY PEELMAN
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Albertlaan 132
9400 Ninove
Albertlaan 132 box b
9400 Ninove
Active since 20 October 2006
Albertlaan 132 box a
9400 Ninove
Active since 1 March 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0884.442.832
- VAT number
- BE 0884.442.832
- Registered office
- Albertlaan 132, 9400 Ninove
- Names & denominations
- SHOES & C°
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 2006
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Detailhandel in schoeisel
Groothandel in schoeisel
Groothandel in lederwaren en reisartikelen
Ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen
Overige fiscale dienstverlening
Detailhandel in lederwaren en reisartikelen
Boekhouders
Boekhouders en boekhouders-fiscalisten