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 21.7 to 19.5.
Financials
Financial year 2025
Steen Food Masters from Ichtegem, company number BE0421060766, closed financial year 2025 with a result of € 381,421 after tax. For that financial year Steen Food Masters recorded a gross margin of € 1.9 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 319,329 to € 381,421. Profitable, and profit is growing. 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 July 17, 2026.
€ 3.3 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 381,421
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 672,945
▲ 72% 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 € 2.9 million.
People and assets in 2025
19.5
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 5% vs 2024
€ 58,300 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.
€ 401,995
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 489,390
▼ 4% vs 2024
€ 108,822 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.1 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 236,789
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,180,145 | € 2,229,837 | € 1,860,549 | € 1,898,547 | ▲ 2% |
| Profit after taxes | € 556,153 | € 623,682 | € 319,329 | € 381,421 | ▲ 19% |
| Equity | € 2,332,230 | € 2,955,912 | € 3,275,241 | € 3,346,662 | ▲ 2% |
| Total debts | € 1,566,322 | € 1,825,365 | € 1,801,425 | € 1,969,226 | ▲ 9% |
| Cash | € 402,222 | € 618,866 | € 391,146 | € 672,945 | ▲ 72% |
| Land & buildings | € 936,394 | € 911,951 | € 1,594,851 | € 1,570,630 | ▼ 2% |
| Retained profit | € 1,572,141 | € 2,195,823 | € 2,515,152 | € 2,896,573 | ▲ 15% |
| Bank debt | € 158,939 | € 250,052 | € 507,938 | € 489,390 | ▼ 4% |
| Balance sheet total | € 3,921,710 | € 4,803,189 | € 5,097,333 | € 5,335,310 | ▲ 5% |
| Employees (FTE) | 25 | 21.7 | 20.5 | 19.5 | ▼ 1 |
Key figures of Steen Food Masters, 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 Steen Food Masters?
What happened at Steen Food Masters in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 381,421 (▲ 19% vs 2024). Source: NBB ↗
- Gilles Steen became a director. NBB
- Tom DUGARDIN became a director. NBB
- New establishment in Ichtegem. KBO
- New establishment in Ichtegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 556,153 profit in 2022 to € 381,421 profit in 2025.
Paid € 640,706 in corporate taxes since 2022.
Best year ever: 2023, with € 623,682 profit.
On average € 97,400 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Steen Food Masters are Gilles Steen and Tom DUGARDIN. It owns 100% of GITO FOODS and 100% of Steen Food Masters Nederland itself.
Directors
According to the 2025 annual accounts
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Fabriekweg(EER) 50
8480 Ichtegem
Ringlaan(FICH) 57
8480 Ichtegem
Active since 1 February 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0421.060.766
- VAT number
- BE 0421.060.766
- Registered office
- Fabriekweg(EER) 50, 8480 Ichtegem
- Names & denominations
- Steen Food Masters
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 1980
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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