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 57 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
K25 from Gent, company number BE0897990564, closed financial year 2026 with a result of € -2,584 after tax. For that financial year K25 recorded a gross margin of € 60,484 and equity of € 432,721. Compared with financial year 2025, the result moved from € 48,442 to € -2,584. The company made a loss. 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 September 4, 2026.
€ 432,721
▼ 13% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,584
▼ still € 48,442 profit in 2025
Profit after tax over the fiscal year.
€ 89,197
▲ 177% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 426,521.
People and assets in 2026
€ 50,113
▼ 21% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 180,125
▼ 8% vs 2025
€ 19,424 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 47,148
▲ € 41,244 vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 7,719
▼ 3% vs 2025
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 101,868 | € 106,377 | € 88,329 | € 60,484 | ▼ 32% |
| Profit after taxes | € 37,151 | € 32,080 | € 48,442 | € -2,584 | ▼ € 51,026 |
| Equity | € 422,562 | € 452,976 | € 494,752 | € 432,721 | ▼ 13% |
| Total debts | € 336,064 | € 336,100 | € 328,939 | € 395,519 | ▲ 20% |
| Cash | € 15,268 | € 20,154 | € 32,156 | € 89,197 | ▲ 177% |
| Land & buildings | € 584,514 | € 618,256 | € 592,430 | € 623,019 | ▲ 5% |
| Retained profit | € 416,362 | € 446,776 | € 488,552 | € 426,521 | ▼ 13% |
| Dividend | € 3,300 | € 1,666 | € 6,666 | € 59,447 | ▲ € 52,781 |
| Bank debt | € 233,383 | € 213,412 | € 195,683 | € 180,125 | ▼ 8% |
| Balance sheet total | € 758,626 | € 789,076 | € 823,690 | € 828,240 | ▲ 1% |
Key figures of K25, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to K25?
What happened at K25 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 2,584 (▼ € 51,026 vs 2025). Source: NBB ↗
- FREDERIK NAESSENS became a director. NBB
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Gent. KBO
In short
From € 37,151 profit in 2023 to € 2,584 loss in 2026.
Paid € 44,492 in corporate taxes since 2023.
Best year ever: 2025, with € 48,442 profit.
Paid out € 71,079 in dividends to the owners in total.
Management
Behind K25 is FREDERIK NAESSENS.
Directors
According to the 2026 annual accounts
FREDERIK NAESSENS
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Muinkkaai 25
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- NAESSENS Frederik(oprichter) 99%
- NAESSENS André Eugeen(oprichter) 1%
Details
- Company number
- 0897.990.564
- VAT number
- BE 0897.990.564
- Registered office
- Muinkkaai 25, 9000 Gent
- Names & denominations
- K25
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2008
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
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