Financials
Financial year 2025
SULO Belgium from Ninove, company number BE0432823502, closed financial year 2025 with a result of € 766,286 after tax. For that financial year SULO Belgium recorded revenue of € 25.2 million and equity of € 5.7 million. Compared with financial year 2024, the result moved from € 737,436 to € 766,286. 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 July 3, 2026.
€ 5.7 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 766,286
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 2.6 million
▲ 19% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,000 paid out
13 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
62.6
▲ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.7 million
▲ 14% vs 2024
€ 75,100 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.
€ 9,301
▼ 27% 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.
€ 7 million
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 124 days on average.
€ 1.9 million
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 22,274,265 | € 20,774,778 | € 22,857,224 | € 25,183,879 | ▲ 10% |
| Profit after taxes | € 598,814 | € 322,639 | € 737,436 | € 766,286 | ▲ 4% |
| Equity | € 4,176,917 | € 4,399,556 | € 5,036,992 | € 5,703,278 | ▲ 13% |
| Total debts | € 6,483,093 | € 7,163,726 | € 7,556,400 | € 11,858,165 | ▲ 57% |
| Cash | € 1,875,044 | € 1,517,330 | € 2,207,182 | € 2,622,850 | ▲ 19% |
| Retained profit | € 4,083,930 | € 4,306,569 | € 4,944,006 | € 5,610,291 | ▲ 13% |
| Dividend | € 100,000 | € 100,000 | € 100,000 | € 100,000 | |
| Balance sheet total | € 10,667,688 | € 11,563,282 | € 12,593,393 | € 17,561,443 | ▲ 39% |
| Employees (FTE) | 64 | 59.5 | 59.3 | 62.6 | ▲ 3.3 |
Key figures of SULO Belgium, 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 SULO Belgium?
What happened at SULO Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pedro Debergh stepped down as director. NBB
- SULO Holding B.V. stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 766,286 (▲ 4% vs 2024). Source: NBB ↗
- Pedro Debergh became a director. NBB
- SULO Holding B.V. became a director. NBB
- New establishment in Meerhout. KBO
- New establishment in Ninove. KBO
- Start of the company according to the CBE. KBO
In short
From € 598,814 profit in 2022 to € 766,286 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 766,286 profit.
Paid out € 400,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Pedro Debergh
Managing director
Also active at: D & C, EcoXpress, INOVIM Group, INTRACONTENEURS, TOTAL WASTE SYSTEMS BELGIUM, ALOATEC IDENT SYSTEMS
since 2025 · until 2029
Director · represented by Thierry Koskas
since 2025 · until 2029
Establishments
Establishment units
Physical locations of this company
Ring-Oost 14K
9400 Ninove
Ring-Oost 14 box K
9400 Ninove
Active since 20 December 2002
Ambachtsstraat 2 box A
2450 Meerhout
Active since 1 November 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
MITTWALD-AS Mittwald CM Service GmbH und Co. KG, DE
Website info
Features
Security
Details
- Company number
- 0432.823.502
- VAT number
- BE 0432.823.502
- Registered office
- Ring-Oost 14K, 9400 Ninove
- Names & denominations
- SULO Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 1987
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- sulo.be
- Activities · NACE
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