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 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STOW INTERNATIONAL from Spiere-Helkijn, company number BE0416991320, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year STOW INTERNATIONAL recorded revenue of € 547.7 million and equity of € 120.7 million. Compared with financial year 2024, the result moved from € 3.5 million to € -1.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 120.7 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ still € 3.5 million profit in 2024
Profit after tax over the fiscal year.
€ 22 million
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 109.3 million.
People and assets in 2025
451.4
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 37 million
▲ 2% vs 2024
€ 81,900 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.
€ 39.7 million
▲ € 30.4 million vs 2024
Of which on lease € 38.2 million.
Debts at end 2025
€ 425.6 million
▼ 3% vs 2024
€ 1.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 307 years.
€ 115.9 million
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 13.8 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 722,515,301 | € 661,628,035 | € 596,788,216 | € 547,712,172 | ▼ 8% |
| Profit after taxes | € 19,220,172 | € 10,844,678 | € 3,455,677 | € -1,500,433 | ▼ € 5 million |
| Equity | € 108,965,729 | € 119,746,770 | € 123,138,810 | € 120,739,979 | ▼ 2% |
| Total debts | € 609,978,317 | € 543,509,614 | € 571,749,817 | € 578,812,193 | ▲ 1% |
| Cash | € 6,585,937 | € 23,864,511 | € 41,251,470 | € 21,991,168 | ▼ 47% |
| Land & buildings | € 21,007,653 | € 21,084,478 | € 21,768,011 | € 5,653,794 | ▼ 74% |
| Retained profit | € 96,511,237 | € 107,355,915 | € 110,811,593 | € 109,311,160 | ▼ 1% |
| Bank debt | € 453,156,091 | € 413,995,502 | € 440,543,228 | € 425,551,153 | ▼ 3% |
| Balance sheet total | € 719,775,182 | € 664,156,521 | € 695,828,393 | € 699,951,732 | ▲ 1% |
| Employees (FTE) | 439.6 | 470.3 | 450 | 451.4 | ▲ 1.4 |
Key figures of STOW INTERNATIONAL, 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 STOW INTERNATIONAL?
What happened at STOW INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Espada BV stepped down as director. NBB
- PMAN BV stepped down as director. NBB
- Tom Gysens BV stepped down as director. NBB
- Devuma BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.5 million (▼ € 5 million vs 2024). Source: NBB ↗
- Espada BV became a director. NBB
- Devuma BV became a director. NBB
- Tom Gysens BV became a director. NBB
In short
From € 19.2 million profit in 2022 to € 1.5 million loss in 2025.
Paid € 13.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 19.2 million profit.
Pays suppliers within 84 days on average.
Management
It owns 100% of STOW AUSTRIA, 100% of STOW DEUTSCHLAND GMBH, 100% of STOW BELGIUM, 100% of STOW UNITED KINGDOM LTD, 100% of Movu and 100% of STOW VOLKLINGEN itself.
Directors
According to the 2025 annual accounts
Director · represented by Stijn Vanneste
since 2023 · until 2028
since 2017 · until 2028
since 2022 · until 2028
Managing director · represented by Jos De Vuyst
Also active at: REYNAERS ALUMINIUM, Ekopak, STEELCO INVEST, Stow, MOVU, Stow Belgium
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Industriepark 6B
8587 Spiere-Helkijn
Jacquetboslaan(D) 10
7711 Mouscron
Active since 8 March 2001
Industriëlaan 55 BÂT. H
7700 Mouscron
Active since 18 August 2008
Fabriekstraat 34
3800 Sint-Truiden
Active since 1 January 2020
Industriepark 6 box B
8587 Spiere-Helkijn
Active since 16 November 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0416.991.320
- VAT number
- BE 0416.991.320
- Registered office
- Industriepark 6B, 8587 Spiere-Helkijn
- Names & denominations
- STOW INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1977
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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Vervaardiging van metalen constructiewerken en delen daarvan
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Koudwalsen van bandstaal