Financials
Financial year 2025
On Course from Gent, company number BE0889143966, closed financial year 2025 with a result of € 34,265 after tax. For that financial year On Course recorded a gross margin of € 75,446 and equity of € 261,645. Compared with financial year 2024, the result moved from € 66,105 to € 34,265. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 261,645
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,265
▼ 48% vs 2024
Profit after tax over the fiscal year.
€ 63,670
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 46,600 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 16,594
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 103,798
▼ 19% vs 2024
€ 25,747 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 10,073
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,560
▲ 14% 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 | € 91,415 | € 93,764 | € 119,596 | € 75,446 | ▼ 37% |
| Profit after taxes | € 37,976 | € 44,609 | € 66,105 | € 34,265 | ▼ 48% |
| Equity | € 252,466 | € 253,075 | € 273,980 | € 261,645 | ▼ 5% |
| Total debts | € 256,270 | € 225,228 | € 205,306 | € 187,723 | ▼ 9% |
| Cash | € 247,583 | € 93,227 | € 101,071 | € 63,670 | ▼ 37% |
| Land & buildings | € 181,216 | € 166,397 | € 153,925 | € 138,811 | ▼ 10% |
| Retained profit | € 227,466 | € 228,075 | € 248,980 | € 236,645 | ▼ 5% |
| Dividend | € 11,250 | € 44,000 | € 45,200 | € 46,600 | ▲ 3% |
| Bank debt | € 177,245 | € 152,759 | € 127,866 | € 103,798 | ▼ 19% |
| Balance sheet total | € 508,737 | € 478,303 | € 479,287 | € 449,368 | ▼ 6% |
Key figures of On Course, 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 On Course?
What happened at On Course in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 34,265 (▼ 48% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- Frank Verhaest became a director. NBB
In short
From € 37,976 profit in 2022 to € 34,265 profit in 2025.
Paid € 72,592 in corporate taxes since 2022.
Best year ever: 2024, with € 66,105 profit.
Paid out € 147,050 in dividends to the owners in total.
Management
Behind On Course is Frank Verhaest.
Directors
According to the 2025 annual accounts
Frank Verhaest
Director
since 2007
Establishments
Establishment units
Physical locations of this company
Burggravenlaan 8
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0889.143.966
- VAT number
- BE 0889.143.966
- Registered office
- Burggravenlaan 8, 9000 Gent
- Names & denominations
- On Course
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2007
- Peppol
- Active · Active since 24 Nov 2023
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