Financials
Financial year 2025
READCO from Schilde, company number BE0894458279, closed financial year 2025 with a result of € -44,084 after tax. For that financial year READCO recorded a gross margin of € 332,582 and equity of € 7.4 million. Compared with financial year 2024, the result moved from € 111,461 to € -44,084. The company made a loss. 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 August 31, 2026.
€ 7.4 million
▲ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -44,084
▼ still € 111,461 profit in 2024
Profit after tax over the fiscal year.
€ 93,359
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.1 million.
People and assets in 2025
€ 471
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.3 million
▼ 6% vs 2024
€ 301,028 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 5,333
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,551
▲ 102% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 429,673 | € 945,793 | € 586,876 | € 332,582 | ▼ 43% |
| Profit after taxes | € 11,983 | € 361,432 | € 111,461 | € -44,084 | ▼ € 155,545 |
| Equity | € 5,387,376 | € 5,748,808 | € 5,810,269 | € 7,354,963 | ▲ 27% |
| Total debts | € 6,708,539 | € 6,169,979 | € 5,566,847 | € 5,706,319 | ▲ 3% |
| Cash | € 846,577 | € 248,973 | € 146,746 | € 93,359 | ▼ 36% |
| Land & buildings | € 10,034,644 | € 10,040,096 | € 10,267,178 | € 11,604,669 | ▲ 13% |
| Retained profit | € 1,735,940 | € 2,097,372 | € 2,158,833 | € 2,114,749 | ▼ 2% |
| Dividend | € 0 | € 0 | € 50,000 | € 0 | ▼ 100% |
| Bank debt | € 5,129,147 | € 4,759,579 | € 4,597,231 | € 4,304,535 | ▼ 6% |
| Balance sheet total | € 12,154,411 | € 12,087,397 | € 11,537,715 | € 13,213,870 | ▲ 15% |
Key figures of READCO, 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 READCO?
What happened at READCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 44,084 (▼ € 155,545 vs 2024). filed late Source: NBB ↗
- New establishment in Schilde. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,983 profit in 2022 to € 44,084 loss in 2025.
Paid € 131,959 in corporate taxes since 2022.
Best year ever: 2023, with € 361,432 profit.
Paid out € 50,000 in dividends to the owners in total.
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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
Timothy Hens
Director
Establishments
Establishment units
Physical locations of this company
Heerbaan 32
2970 Schilde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0894.458.279
- VAT number
- BE 0894.458.279
- Registered office
- Heerbaan 32, 2970 Schilde
- Names & denominations
- READCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 2007
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
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