Financials
Financial year 2025
FLANDRIA - Tabak, sigaren en sigarettenfabriek from Kruisem, company number BE0408478876, closed financial year 2025 with a result of € 3.8 million after tax. For that financial year FLANDRIA - Tabak, sigaren en sigarettenfabriek recorded revenue of € 57.3 million and equity of € 32.2 million. Compared with financial year 2024, the result moved from € 10.9 million to € 3.8 million. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 32.2 million
▼ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.8 million
▼ 65% vs 2024
Profit after tax over the fiscal year.
€ 9.6 million
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 15 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
20.3
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 10% vs 2024
€ 68,000 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.
€ 102,719
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.8 million
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 20 days on average.
€ 118,731
▼ 20% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 62,863,637 | € 56,572,634 | € 67,476,331 | € 57,312,730 | ▼ 15% |
| Profit after taxes | € 3,936,778 | € 5,548,972 | € 10,911,234 | € 3,838,133 | ▼ 65% |
| Equity | € 26,937,684 | € 32,486,656 | € 43,397,890 | € 32,236,023 | ▼ 26% |
| Total debts | € 3,320,940 | € 2,873,399 | € 3,267,479 | € 3,067,617 | ▼ 6% |
| Cash | € 2,668,594 | € 5,096,103 | € 17,828,269 | € 9,638,221 | ▼ 46% |
| Land & buildings | € 854,362 | € 931,943 | € 877,720 | € 997,489 | ▲ 14% |
| Retained profit | € 21,840,684 | € 27,389,656 | € 38,300,890 | € 27,139,023 | ▼ 29% |
| Dividend | € 0 | € 0 | € 0 | € 15,000,000 | |
| Balance sheet total | € 30,260,236 | € 35,360,055 | € 46,665,369 | € 35,303,640 | ▼ 24% |
| Employees (FTE) | 22.1 | 20.9 | 19.8 | 20.3 | ▲ 0.5 |
Key figures of FLANDRIA - Tabak, sigaren en sigarettenfabriek, 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 FLANDRIA - Tabak, sigaren en sigarettenfabriek?
What happened at FLANDRIA - Tabak, sigaren en sigarettenfabriek in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.8 million (▼ 65% vs 2024). Source: NBB ↗
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.9 million profit in 2022 to € 3.8 million profit in 2025.
Paid € 8.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 10.9 million profit.
Paid out € 15 million in dividends to the owners in total.
Management
The stake of DE VELDHOEK comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FLANDRIA - Tabak, sigaren en sigarettenfabriekBehind FLANDRIA - Tabak, sigaren en sigarettenfabriek are DE VELDHOEK BV and Goedele Masschelein. The shares are held by DE VELDHOEK (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Lieven Stubbe
Also active at: TABAKSBEDRIJF STUBBE, IMMO STUBBE, STUBBE TOBACCO TRADING, AllPhi Group
Goedele Masschelein
Managing director
Also active at: TABAKSBEDRIJF STUBBE, IMMO STUBBE, DE VELDHOEK, STUBBE TOBACCO TRADING
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriezone(KRU) 42
9770 Kruisem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0408.478.876
- VAT number
- BE 0408.478.876
- Registered office
- Industriezone(KRU) 42, 9770 Kruisem
- Names & denominations
- FLANDRIA - Tabak, sigaren en sigarettenfabriek
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 1971
- Peppol
- Active · Active since 11 Jun 2025
- Activities · NACE
Vervaardiging van tabaksproducten
Groothandel in tabaksproducten