Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
-
Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
IMPERMO - STULTJENS from Sint-Truiden, company number BE0408286856, closed financial year 2025 with a result of € 900,862 after tax. For that financial year IMPERMO - STULTJENS recorded revenue of € 66.3 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 27,701 to € 900,862. 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 7, 2026.
€ 3.3 million
▲ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 900,862
▲ € 873,161 vs 2024
Profit after tax over the fiscal year.
€ 222,778
▼ 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 € -625,810.
People and assets in 2025
123.4
▲ 6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 9.3 million
▲ 15% vs 2024
€ 75,200 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.
€ 215,492
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.3 million
▼ 30% vs 2024
€ 1.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 10.1 million
▲ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 65 days on average.
€ 1.7 million
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 61,201,775 | € 59,328,080 | € 59,473,544 | € 66,341,315 | ▲ 12% |
| Profit after taxes | € -3,144,584 | € -731,705 | € 27,701 | € 900,862 | ▲ € 873,161 |
| Equity | € -887,576 | € 2,385,719 | € 2,413,420 | € 3,314,282 | ▲ 37% |
| Total debts | € 29,536,482 | € 25,413,247 | € 24,188,724 | € 23,378,639 | ▼ 3% |
| Cash | € 2,589,631 | € 868,732 | € 527,858 | € 222,778 | ▼ 58% |
| Land & buildings | € 13,325 | € 13,325 | € 13,325 | € 13,325 | |
| Retained profit | € -949,576 | € -1,681,281 | € -1,590,126 | € -625,810 | ▲ € 964,316 |
| Bank debt | € 8,301,438 | € 6,762,665 | € 6,113,632 | € 4,255,080 | ▼ 30% |
| Balance sheet total | € 28,648,906 | € 27,798,966 | € 26,602,144 | € 26,692,921 | |
| Employees (FTE) | 130.5 | 127.8 | 117.4 | 123.4 | ▲ 6 |
Key figures of IMPERMO - STULTJENS, 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 IMPERMO - STULTJENS?
What happened at IMPERMO - STULTJENS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GREVENSMOLEN BV stepped down as director. NBB
- COCOLICO BV stepped down as director. NBB
- PACTA QUATUOR BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 900,862 (▲ € 873,161 vs 2024). Source: NBB ↗
- GREVENSMOLEN BV became a director. NBB
- COCOLICO BV became a director. NBB
- PACTA QUATUOR BV became a director. NBB
- New establishment in Namur. KBO
In short
From € 3.1 million loss in 2022 to € 900,862 profit in 2025.
Paid € 62,648 in corporate taxes since 2022.
Best year ever: 2025, with € 900,862 profit.
Pays suppliers within 65 days on average.
Management
The shares are held by STULTJENS GROUP NV (100%), Silvie STULTJENS (0%), Filip STULTJENS (0%) and Luk STULTJENS (0%).
Directors
According to the 2025 annual accounts
Managing director · represented by Luk STULTJENS
Also active at: Impermo Logistics, Impermo Business Plus
since 2026 · until 2032
Managing director · represented by Silvie STULTJENS
Also active at: Impermo Logistics, Impermo Business Plus
since 2026 · until 2032
Managing director · represented by Filip STULTJENS
Also active at: Impermo Logistics, Impermo Business Plus
since 2026 · until 2032
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tiensesteenweg 127
3800 Sint-Truiden
Brusselsesteenweg 215
9230 Wetteren
Active since 1 October 2012
Boomsesteenweg 763
2610 Antwerpen
Active since 14 March 2015
Torhoutsesteenweg 674
8400 Oostende
Active since 16 January 2016
Antwerpseweg 37
2440 Geel
Active since 1 July 2017
Bergensesteenweg 462
1600 Sint-Pieters-Leeuw
Active since 1 October 2017
Kortrijkstraat 305
8560 Wevelgem
Active since 25 May 2018
Leuvensesteenweg 354
1932 Zaventem
Active since 9 March 2020
Genkersteenweg 303
3500 Hasselt
Active since 1 July 2020
Rue Pont-à-Migneloux 7A
6041 Charleroi
Active since 1 January 2021
Sterpenich, rue de Grass 108
6700 Arlon
Active since 16 October 2021
Marche, Avenue de France 40
6900 Marche-en-Famenne
Active since 19 March 2022
Sportlaan 30
3960 Bree
Active since 11 June 2022
Rue de la Taverne de Maire(FRY) 8
7503 Tournai
Active since 3 January 2023
Gaston Roelandtsstraat 12
8020 Oostkamp
Active since 26 May 2023
Chaussée de Marche(NN) 712
5100 Namur
Active since 27 September 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0408.286.856
- VAT number
- BE 0408.286.856
- Registered office
- Tiensesteenweg 127, 3800 Sint-Truiden
- Names & denominations
- IMPERMO - STULTJENS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 May 1971
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
Detailhandel in wand- en vloertegels
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Groothandel in bouwmaterialen, algemeen assortiment
Detailhandel in verlichtingsartikelen
Detailhandel in artikelen voor verlichting en woninginrichting
Detailhandel in verlichtingsartikelen in gespecialiseerde winkels