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 34 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022, 2023.
Financials
Financial year 2025
Bullman SA from Charleroi, company number BE0401702536, closed financial year 2025 with a result of € 100,894 after tax. For that financial year Bullman SA recorded revenue of € 30.4 million and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 30,354 to € 100,894. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ 2.8 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 100,894
▲ 232% vs 2024
Profit after tax over the fiscal year.
€ 255,558
▼ 58% 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 € 1.7 million.
People and assets in 2025
41.1
▲ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 9% vs 2024
€ 46,100 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.
€ 28,003
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 892,810
▼ 76% vs 2024
€ 211,501 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3.7 million
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 317,402
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 37,276,828 | € 33,263,657 | € 25,347,166 | € 30,378,252 | ▲ 20% |
| Profit after taxes | € 17,738 | € 49,363 | € 30,354 | € 100,894 | ▲ 232% |
| Equity | € 2,616,192 | € 2,665,555 | € 2,695,909 | € 2,796,803 | ▲ 4% |
| Total debts | € 14,447,241 | € 14,446,335 | € 13,227,039 | € 7,964,908 | ▼ 40% |
| Cash | € 124,174 | € 273,148 | € 610,557 | € 255,558 | ▼ 58% |
| Land & buildings | € 1,263,269 | € 1,222,808 | € 1,188,393 | € 1,088,821 | ▼ 8% |
| Retained profit | € 1,497,961 | € 1,547,324 | € 1,577,678 | € 1,678,572 | ▲ 6% |
| Bank debt | € 5,505,532 | € 4,111,639 | € 3,734,901 | € 892,810 | ▼ 76% |
| Balance sheet total | € 17,063,433 | € 17,111,890 | € 15,922,948 | € 10,761,710 | ▼ 32% |
| Employees (FTE) | 48.7 | 46.3 | 38 | 41.1 | ▲ 3.1 |
Key figures of Bullman SA, fiscal years 2022 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 Bullman SA?
What happened at Bullman SA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LARA GOEYENS stepped down as director. NBB
- SARA GOEYENS stepped down as director. NBB
- Chantal WILMART stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 100,894 (▲ 232% vs 2024). Source: NBB ↗
- LARA GOEYENS became a director. NBB
- SARA GOEYENS became a director. NBB
- Gustave GOEYENS stepped down as director. NBB
- Gustave GOEYENS became a director. NBB
In short
From € 17,738 profit in 2022 to € 100,894 profit in 2025.
Paid € 146,387 in corporate taxes since 2022.
Best year ever: 2025, with € 100,894 profit.
Pays suppliers within 48 days on average.
Management
The stake of GSL Dreams, GOEYENS FINANCES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Bullman SAThe shares are held by GSL Dreams (100%) and GOEYENS FINANCES (0%). It owns 100% of Stade Inter Services itself.
Directors
According to the 2025 annual accounts
LARA GOEYENS
Director
Also active at: Garage de la Collégiale, Etablissements Devergnies, STADE-INTER-SERVICES, RENAULT LODELINSART, CARROSSERIE RENAULT, GSL PROXICAR, RENAULT PHILIPPEVILLE, AUTOPRECISION +12 more
since 2026 · until 2032
SARA GOEYENS
Director
Also active at: Garage de la Collégiale, Etablissements Devergnies, RENAULT LODELINSART, CARROSSERIE RENAULT, GSL PROXICAR, RENAULT PHILIPPEVILLE, AUTOPRECISION, Garage Roland DELTENRE +8 more
since 2026 · until 2032
Gustave GOEYENS
Managing director
Also active at: Etablissements Devergnies, Inducom, Etablissements Gustave Goyens, Immobilière de Maire, COBELUX, STADE-INTER-SERVICES, RENAULT LODELINSART, CARROSSERIE RENAULT +16 more
since 2018 · until 2026
Chantal WILMART
Managing director, Director
Also active at: Etablissements Devergnies, COBELUX, STADE-INTER-SERVICES, RENAULT LODELINSART, CARROSSERIE RENAULT, GSL CHARLEROI, A.G. IMMO, GSL PROXICAR +13 more
since 2018 · until 2032
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Route de Philippeville 113
6010 Charleroi
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →STADE-INTER-SERVICES same network
€ 2 million revenue · 2025
GSL Dreams same network
€ 14.6 million revenue · 2025
GSL-BULLMAN same network
€ 37.7 million revenue · 2025
Association des Copropriétaires Résidence route de Philippeville 113 à Couillet
Association des Copropriétaires Résidence Val de Sambre à Couillet route de Philippeville 113
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.702.536
- VAT number
- BE 0401.702.536
- Registered office
- Route de Philippeville 113, 6010 Charleroi
- Names & denominations
- Bullman SA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Onderhoud en reparatie van auto's
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)