Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
URBAIN BULTINCK from Gent, company number BE0426319453, closed financial year 2025 with a result of € -1.7 million after tax. For that financial year URBAIN BULTINCK recorded a gross margin of € 459,462 and equity of € 14.2 million. Compared with financial year 2024, the result moved from € -1.2 million to € -1.7 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 15, 2026.
€ 14.2 million
▼ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.7 million
▼ 40 % more loss than in 2024
Profit after tax over the fiscal year.
€ 104,694
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3 million.
People and assets in 2025
9.1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 576,636
▲ 31% vs 2024
€ 63,400 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.
€ 181,139
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.7 million
▲ 22% vs 2024
€ 297,427 is repaid this year. At this pace the long-term loan is gone in ≈ 19 years.
€ 900,458
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 406,530
▲ 185% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,300,175 | € 905,204 | € 604,224 | € 459,462 | ▼ 24% |
| Profit after taxes | € 2,115,587 | € -722,393 | € -1,181,360 | € -1,655,920 | ▼ € 474,561 |
| Equity | € 16,022,062 | € 15,299,669 | € 15,875,560 | € 14,219,640 | ▼ 10% |
| Total debts | € 29,499,390 | € 33,467,290 | € 37,158,360 | € 35,352,570 | ▼ 5% |
| Cash | € 1,021,262 | € 2,086,655 | € 673,998 | € 104,694 | ▼ 84% |
| Land & buildings | € 20,355,442 | € 19,888,913 | € 23,958,623 | € 26,640,017 | ▲ 11% |
| Retained profit | € 6,559,466 | € 5,837,073 | € 4,655,713 | € 2,999,793 | ▼ 36% |
| Bank debt | € 7,894,702 | € 9,540,783 | € 11,268,645 | € 13,714,968 | ▲ 22% |
| Balance sheet total | € 48,614,406 | € 51,832,949 | € 56,045,182 | € 52,484,091 | ▼ 6% |
| Employees (FTE) | 4.8 | 5 | 9.2 | 9.1 | ▼ 0.1 |
Key figures of URBAIN BULTINCK, 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 URBAIN BULTINCK?
What happened at URBAIN BULTINCK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Filip Bultinck stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.7 million. Source: NBB ↗
- Filip Bultinck became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.1 million profit in 2022 to € 1.7 million loss in 2025.
Paid € 12,982 in corporate taxes since 2022.
Best year ever: 2022, with € 2.1 million profit.
On average € 50,500 of value added per employee in 2025.
A new publication or filing at URBAIN BULTINCK? We notify you, reason included.
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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
The stake of IMMO W., FB Constructions comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
URBAIN BULTINCKThe shares are held by IMMO W. (100%) and FB Constructions (100%). It owns 100% of Evergem FB NV, 84% of Immo W. NV and 74.9% of Brembloem Immo NV itself.
Directors
According to the 2025 annual accounts
Filip Bultinck
Managing director
Also active at: Financial Business Office, IMMO W., FB Constructions, Brembloem Immo, JVD CONSULTANCY, EVERGEM FB
since 2023 · until 2029
Shareholders
100%
100%
Participations
Establishments
Establishment units
Physical locations of this company
Stapelplein 70 box 100
9000 Gent
Stapelplein 70 box 2
9000 Gent
Active since 1 December 1984
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →Financial Business Office same network
€ -14,869 gross margin · 2025
IMMO W. same network
€ 170,687 gross margin · 2025
EPYC
€ 1.2 million gross margin · 2022
FB Constructions same network
€ 139,459 gross margin · 2025
Brembloem Immo same network
€ 1.3 million gross margin · 2025
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.319.453
- VAT number
- BE 0426.319.453
- Registered office
- Stapelplein 70 bus 100, 9000 Gent
- Names & denominations
- URBAIN BULTINCK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 1984
- Peppol
- Active · Active since 10 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur van woningen, exclusief sociale woningen
Algemene bouw van residentiële gebouwen
Bouwen van individuele huizen
Dakwerkzaamheden
Groothandel in bouwmaterialen, algemeen assortiment
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Dakbedekking en bouw van dakconstructies
+2