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 44 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Ward Moerman from Honnelles, company number BE1009098720, closed financial year 2025 with a result of € 26,573 after tax. For that financial year Ward Moerman recorded a gross margin of € 121,865 and equity of € 43,776. Compared with financial year 2024, the result moved from € 13,202 to € 26,573. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 43,776
▲ 154% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,573
▲ 101% vs 2024
Profit after tax over the fiscal year.
€ 42,150
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 39,776.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 56,297
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 184,122
▲ 207% vs 2024
€ 39,662 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 42,532
▲ € 41,803 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,635
▲ 52% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 27,595 | € 121,865 | ▲ € 94,270 |
| Profit after taxes | € 13,202 | € 26,573 | ▲ 101% |
| Equity | € 17,202 | € 43,776 | ▲ 154% |
| Total debts | € 135,909 | € 290,481 | ▲ 114% |
| Cash | € 69,833 | € 42,150 | ▼ 40% |
| Retained profit | € 13,202 | € 39,776 | ▲ 201% |
| Bank debt | € 60,000 | € 184,122 | ▲ 207% |
| Balance sheet total | € 153,112 | € 334,257 | ▲ 118% |
Key figures of Ward Moerman, 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 Ward Moerman?
What happened at Ward Moerman in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,573 (▲ 101% vs 2024). Source: NBB ↗
- New establishment in Honnelles. KBO
- Start of the company according to the CBE. KBO
- Ward Moerman became a director. NBB
In short
From € 13,202 profit in 2024 to € 26,573 profit in 2025.
Paid € 10,402 in corporate taxes since 2024.
Best year ever: 2025, with € 26,573 profit.
Management
Behind Ward Moerman is Ward Moerman.
Directors
According to the 2025 annual accounts
Ward Moerman
Administrateur
since 2024
Establishments
Establishment units
Physical locations of this company
Rue des Fonds(ANG) 2
7387 Honnelles
Rue Emile Cornez(A) 13
7387 Honnelles
Active since 6 May 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
- 1009.098.720
- VAT number
- BE 1009.098.720
- Registered office
- Rue des Fonds(ANG) 2, 7387 Honnelles
- Names & denominations
- Ward Moerman
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 May 2024
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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