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 8.2 to 6.8.
Financials
Financial year 2025
STOVE from Izegem, company number BE0425869986, closed financial year 2025 with a result of € 135,103 after tax. For that financial year STOVE recorded a gross margin of € 833,487 and equity of € 490,171. Compared with financial year 2024, the result moved from € 4,857 to € 135,103. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 5, 2026.
€ 490,171
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 135,103
▲ € 130,246 vs 2024
Profit after tax over the fiscal year.
€ 81,915
▼ 36% 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 € 478,961.
People and assets in 2025
6.8
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 482,093
▼ 21% vs 2024
€ 70,900 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.
€ 174,073
▼ 12% vs 2024
Of which on lease € 109,318.
Debts at end 2025
€ 615,297
▼ 6% vs 2024
€ 84,291 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 551,299
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 86,696
▲ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 628,994 | € 714,580 | € 781,534 | € 833,487 | ▲ 7% |
| Profit after taxes | € 13,276 | € 17,228 | € 4,857 | € 135,103 | ▲ € 130,246 |
| Equity | € 602,578 | € 619,806 | € 355,068 | € 490,171 | ▲ 38% |
| Total debts | € 1,099,383 | € 1,517,304 | € 1,381,285 | € 1,302,036 | ▼ 6% |
| Cash | € 41,180 | € 90,359 | € 128,714 | € 81,915 | ▼ 36% |
| Land & buildings | € 248,281 | € 233,038 | - | - | |
| Retained profit | € 582,738 | € 599,966 | € 343,857 | € 478,961 | ▲ 39% |
| Bank debt | € 381,283 | € 597,659 | € 651,802 | € 615,297 | ▼ 6% |
| Balance sheet total | € 1,701,961 | € 2,137,110 | € 1,736,352 | € 1,792,207 | ▲ 3% |
| Employees (FTE) | 8.4 | 8.2 | 8.1 | 6.8 | ▼ 1.3 |
Key figures of STOVE, 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 January 2027.
What happened to STOVE?
What happened at STOVE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 135,103 (▲ € 130,246 vs 2024). filed late Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,276 profit in 2022 to € 135,103 profit in 2025.
Paid € 120,267 in corporate taxes since 2022.
Best year ever: 2025, with € 135,103 profit.
On average € 122,600 of value added per employee in 2025.
Management
Behind STOVE is Kurt STOVE. Kurt STOVE is also behind STOVE INVEST.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Lodewijk de Raetlaan 37
8870 Izegem
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.
Website
Technologies
Website info
Features
Details
- Company number
- 0425.869.986
- VAT number
- BE 0425.869.986
- Registered office
- Lodewijk de Raetlaan 37, 8870 Izegem
- Names & denominations
- STOVE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 1984
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- autoliftenstove.be
- Activities · NACE
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