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 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pain & Company from Ieper, company number BE0890471183, closed financial year 2025 with a result of € -109 after tax. For that financial year Pain & Company recorded a gross margin of € 175,235 and equity of € 392,271. Compared with financial year 2024, the result moved from € 28,342 to € -109. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 392,271
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -109
▼ still € 28,342 profit in 2024
Profit after tax over the fiscal year.
€ 39,441
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 373,671.
People and assets in 2025
€ 250
▼ 96% 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.
€ 116,711
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▼ 2% vs 2024
€ 22,149 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 29,581
▲ 204% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,316
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 183,490 | € 78,388 | € 178,450 | € 175,235 | ▼ 2% |
| Profit after taxes | € 50,024 | € -33,145 | € 28,342 | € -109 | ▼ € 28,451 |
| Equity | € 612,128 | € 578,982 | € 392,324 | € 392,271 | |
| Total debts | € 585,835 | € 469,089 | € 2,621,033 | € 2,498,071 | ▼ 5% |
| Cash | € 166,092 | € 93,213 | € 95,683 | € 39,441 | ▼ 59% |
| Land & buildings | € 871,208 | € 813,183 | € 766,619 | € 711,599 | ▼ 7% |
| Retained profit | € 593,528 | € 560,382 | € 373,724 | € 373,671 | |
| Dividend | € 282,000 | € 0 | € 215,000 | € 0 | ▼ 100% |
| Bank debt | € 40,000 | € 26,667 | € 1,703,774 | € 1,668,291 | ▼ 2% |
| Balance sheet total | € 1,197,963 | € 1,048,071 | € 3,013,357 | € 2,890,342 | ▼ 4% |
Key figures of Pain & Company, 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 Pain & Company?
What happened at Pain & Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 109 (▼ € 28,451 vs 2024). Source: NBB ↗
- New establishment in Koksijde. KBO
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 50,024 profit in 2022 to € 109 loss in 2025.
Paid € 45,106 in corporate taxes since 2022.
Best year ever: 2022, with € 50,024 profit.
Paid out € 497,000 in dividends to the owners in total.
A new publication or filing at Pain & Company? 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
Behind Pain & Company is Hendrik Durnez. It owns 10% of Food Associates Group itself.
Directors
According to the 2025 annual accounts
Hendrik Durnez
Director
Also active at: GEBEA, Food Associates, Bio Bakkerij De Trog, DELISOL, Fresh Flow, Food Associates Group, HENPEST
Establishments
Establishment units
Physical locations of this company
Kriekstraat 8
8902 Ieper
Prins Boudewijnstraat(Odk) 10
8670 Koksijde
Active since 15 September 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.471.183
- VAT number
- BE 0890.471.183
- Registered office
- Kriekstraat 8, 8902 Ieper
- Names & denominations
- Pain & Company
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 2007
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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