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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Darwin Equestrian from Engis, company number BE1005628791, closed financial year 2025 with a result of € -558,243 after tax. For that financial year Darwin Equestrian recorded a gross margin of € -133,698 and equity of € 17.4 million. Compared with financial year 2024, the result moved from € -545,613 to € -558,243. 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 25, 2026.
€ 17.4 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -558,243
▼ 2 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 135% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
4
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 201,990
▲ 158% vs 2024
€ 50,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 265,998
▲ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 30,899
▲ € 25,857 vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -373,625 | € -133,698 | ▲ € 239,927 |
| Profit after taxes | € -545,613 | € -558,243 | ▼ € 12,630 |
| Equity | € 14,455,387 | € 17,397,143 | ▲ 20% |
| Total debts | € 29,130 | € 1,380,899 | ▲ € 1.4 million |
| Cash | € 425,374 | € 1,000,231 | ▲ 135% |
| Land & buildings | € 13,821,453 | € 16,747,770 | ▲ 21% |
| Retained profit | € -545,613 | € -1,103,857 | ▼ € 558,243 |
| Balance sheet total | € 14,484,517 | € 18,778,042 | ▲ 30% |
| Employees (FTE) | 2 | 4 | ▲ 2 |
Key figures of Darwin Equestrian, fiscal years 2024 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 Darwin Equestrian?
What happened at Darwin Equestrian in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 558,243. filed late Source: NBB ↗
- Esra YUCEL became a director. NBB
- Okan BAYKAL stepped down as director. NBB
- New establishment in Engis. KBO
- Tolga EREM became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- Ipek KIRAC became a director. NBB
- Okan BAYKAL became a director. NBB
In short
From € 545,613 loss in 2024 to € 558,243 loss in 2025.
Paid € 1,132 in corporate taxes since 2024.
Management
Behind Darwin Equestrian are Tolga EREM, Ipek KIRAC and Esra YUCEL. The shares are held by VANIKÖY GROUP B.V. (100%).
Directors
According to the 2025 annual accounts
Tolga EREM
Director
since 2024
Ipek KIRAC
Director
since 2024
Esra YUCEL
Director
since 2026
Okan BAYKAL
Director
since 2024 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Attines(EHN) 1
4480 Engis
Sint-Lazaruslaan 4-10 ET6
1210 Sint-Joost-ten-Node
Active since 5 February 2024
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1005.628.791
- VAT number
- BE 1005.628.791
- Registered office
- Attines(EHN) 1, 4480 Engis
- Names & denominations
- Darwin Equestrian
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 2024
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
Activiteiten van paardensportclubs
Fokken en houden van paarden en andere paardachtigen
Exploitatie van sportaccommodaties