Financials
Financial year 2025
Flanders Renovations from Kortrijk, company number BE1006631653, closed financial year 2025 with a result of € 20,675 after tax. For that financial year Flanders Renovations recorded a gross margin of € 43,932 and equity of € 44,718. Compared with financial year 2024, the result moved from € 19,901 to € 20,675. Profitable, and profit is growing. 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 June 29, 2026.
€ 44,718
▲ 80% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,675
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 37,259
▲ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 859 paid out
4 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 27,566
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 25,438
▼ 22% vs 2024
€ 6,471 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 927
▲ € 873 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,662
▼ 62% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 38,542 | € 43,932 | ▲ 14% |
| Profit after taxes | € 19,901 | € 20,675 | ▲ 4% |
| Equity | € 24,901 | € 44,718 | ▲ 80% |
| Total debts | € 51,656 | € 35,778 | ▼ 31% |
| Cash | € 20,783 | € 37,259 | ▲ 79% |
| Retained profit | € 19,901 | € 39,718 | ▲ 100% |
| Dividend | € 0 | € 859 | |
| Bank debt | € 32,698 | € 25,438 | ▼ 22% |
| Balance sheet total | € 76,557 | € 80,496 | ▲ 5% |
Key figures of Flanders Renovations, 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 Flanders Renovations?
What happened at Flanders Renovations in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,675 (▲ 4% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Arthur Khachatryan became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 19,901 profit in 2024 to € 20,675 profit in 2025.
Paid € 15,348 in corporate taxes since 2024.
Best year ever: 2025, with € 20,675 profit.
Paid out € 859 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 Flanders Renovations is Arthur Khachatryan.
Directors
According to the 2025 annual accounts
Arthur Khachatryan
Administrator-manager
since 2024
Establishments
Establishment units
Physical locations of this company
Zandbergstraat(Kor) 3
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1006.631.653
- VAT number
- BE 1006.631.653
- Registered office
- Zandbergstraat(Kor) 3, 8500 Kortrijk
- Names & denominations
- Flanders Renovations
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 February 2024
- Peppol
- Active · Active since 8 Mar 2024
- Activities · NACE
Overige werkzaamheden in verband met de afwerking van gebouwen
Installatie van isolatie
Stukadoorswerk
Overige gespecialiseerde bouwactiviteiten, neg
Chapewerken
Plaatsen van vloer- en wandtegels
Isolatiewerkzaamheden
Overige gespecialiseerde bouwwerkzaamheden