Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.4 to 9.9.
Financials
Financial year 2025
STOLZ from Kortenberg, company number BE0402179519, closed financial year 2025 with a result of € 94,687 after tax. For that financial year STOLZ recorded a gross margin of € 1.4 million and equity of € 4.9 million. Compared with financial year 2024, the result moved from € 459,498 to € 94,687. The company is profitable. 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 April 23, 2026.
€ 4.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 94,687
▼ 79% vs 2024
Profit after tax over the fiscal year.
€ 564,922
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 84,000 paid out
89 % of the profit went to the shareholders, mostly to MAES-IMBRECHTS (68 % of the shares). That is where the money ends up.
People and assets in 2025
9.9
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 967,140
▲ 5% vs 2024
€ 97,700 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.
€ 12,127
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 495,837
▼ 15% vs 2024
€ 90,133 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 719,741
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 112,400
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,141,709 | € 2,168,009 | € 1,606,202 | € 1,375,372 | ▼ 14% |
| Profit after taxes | € 911,610 | € 651,604 | € 459,498 | € 94,687 | ▼ 79% |
| Equity | € 4,521,321 | € 4,772,925 | € 4,917,423 | € 4,928,110 | |
| Total debts | € 1,806,436 | € 2,034,534 | € 1,557,644 | € 1,416,614 | ▼ 9% |
| Cash | € 787,254 | € 1,225,136 | € 869,171 | € 564,922 | ▼ 35% |
| Land & buildings | € 1,578,302 | € 2,187,828 | € 2,300,637 | € 2,756,994 | ▲ 20% |
| Retained profit | € 4,446,321 | € 4,697,925 | € 4,842,423 | € 4,853,110 | |
| Dividend | € 350,100 | € 400,000 | € 315,000 | € 84,000 | ▼ 73% |
| Bank debt | € 76,825 | € 670,322 | € 582,612 | € 495,837 | ▼ 15% |
| Balance sheet total | € 6,327,757 | € 6,807,459 | € 6,475,067 | € 6,344,724 | ▼ 2% |
| Employees (FTE) | 11.4 | 11.4 | 10.4 | 9.9 | ▼ 0.5 |
Key figures of STOLZ, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to STOLZ?
What happened at STOLZ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 94,687 (▼ 79% vs 2024). Source: NBB ↗
- New establishment in Kortenberg. KBO
- New establishment in Kortenberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 911,610 profit in 2022 to € 94,687 profit in 2025.
Paid € 341,487 in corporate taxes since 2022.
Best year ever: 2022, with € 911,610 profit.
On average € 138,900 of value added per employee in 2025.
Management
The stake of MAES-IMBRECHTS, HENDRIK CLEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STOLZBehind STOLZ are Maes-Imbrechts BV and Hendrik Clement BV. The shares are held by MAES-IMBRECHTS (68%) and HENDRIK CLEMENT (30%).
Directors
According to the 2025 annual accounts
Director · represented by Koen Maes
Director · represented by Hendrik Clement
Shareholders
68%
30%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 80
3070 Kortenberg
Witloofstraat 36
3070 Kortenberg
Active since 26 May 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.179.519
- VAT number
- BE 0402.179.519
- Registered office
- Leuvensesteenweg 80, 3070 Kortenberg
- Names & denominations
- STOLZ
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 November 1960
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Groothandel in huiden, vellen en leer
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in kleding, kledingtoebehoren en bontartikelen
Groothandel in niet-elektrische huishoudelijke artikelen
Detailhandel in huismeubilair
Detailhandel in meubels
Groothandel in meubels, niet-elektrische huishoudapparaten en vloerbedekking inclusief tapijten
Detailhandel in huismeubilair in gespecialiseerde winkels