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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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CORAL & WALLACE from Deinze, company number BE0897591280, closed financial year 2025 with a result of € 528,866 after tax. For that financial year CORAL & WALLACE recorded a gross margin of € 1.3 million and equity of € 18.2 million. Compared with financial year 2024, the result moved from € 2.5 million to € 528,866. 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 January 13, 2026.
€ 18.2 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 528,866
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 320,065
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 92,604
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.3 million
▼ 10% vs 2024
€ 435,869 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 17,067
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,235
▼ 86% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,207,206 | € 1,416,262 | € 4,330,467 | € 1,346,490 | ▼ 69% |
| Profit after taxes | € 4,887,874 | € 726,534 | € 2,508,705 | € 528,866 | ▼ 79% |
| Equity | € 15,080,412 | € 15,806,946 | € 18,736,877 | € 18,220,268 | ▼ 3% |
| Total debts | € 14,946,062 | € 14,329,864 | € 15,528,385 | € 13,483,903 | ▼ 13% |
| Cash | € 2,830,000 | € 3,008,102 | € 3,602,681 | € 320,065 | ▼ 91% |
| Land & buildings | € 14,226,272 | € 13,363,546 | € 10,869,690 | € 10,315,565 | ▼ 5% |
| Retained profit | € 14,226,116 | € 14,952,650 | € 15,471,168 | € 14,868,159 | ▼ 4% |
| Dividend | € 0 | € 0 | € 1,990,187 | € 1,131,876 | ▼ 43% |
| Bank debt | € 14,592,284 | € 14,170,871 | € 14,824,374 | € 13,320,960 | ▼ 10% |
| Balance sheet total | € 30,155,313 | € 30,251,247 | € 34,279,919 | € 31,718,065 | ▼ 7% |
Key figures of CORAL & WALLACE, 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 CORAL & WALLACE?
What happened at CORAL & WALLACE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 528,866 (▼ 79% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Jan Vergote became a director. NBB
- Kathleen Soetaert became a director. NBB
- New establishment in Deinze. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.9 million profit in 2022 to € 528,866 profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 4.9 million profit.
Paid out € 3.1 million 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
Behind CORAL & WALLACE are Jan Vergote and Kathleen Soetaert. Jan Vergote is also behind RECTICEL INTERNATIONAL SERVICES, Merlin Holdco, PIAGROUP International, Atreus Ventures and Recticel US Investments.
Directors
According to the 2025 annual accounts
Jan Vergote
Director
Also active at: RECTICEL INTERNATIONAL SERVICES, Merlin Holdco, PIAGROUP International, Atreus Ventures, Recticel US Investments
since 2020
Kathleen Soetaert
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Kleine Pontstraat 3
9800 Deinze
Sint-Pietersplein 4 box '001
9000 Gent
Active since 1 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0897.591.280
- VAT number
- BE 0897.591.280
- Registered office
- Kleine Pontstraat 3, 9800 Deinze
- Names & denominations
- CORAL & WALLACE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 April 2008
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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