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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 20 to 10.9.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Bostoen Group from Gent, company number BE0437878289, closed financial year 2025 with a result of € -2.8 million after tax. For that financial year Bostoen Group recorded revenue of € 679,326 and equity of € 20.8 million. Compared with financial year 2024, the result moved from € -2.9 million to € -2.8 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 3, 2026.
€ 20.8 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.8 million
▲ 5 % less loss than in 2024
Profit after tax over the fiscal year.
€ 822
▼ € 2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.2 million.
People and assets in 2025
10.9
▼ 6.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 22% vs 2024
€ 115,100 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.
€ 633,214
▼ 13% vs 2024
Of which on lease € 633,214.
Debts at end 2025
€ 64.3 million
▲ 6% vs 2024
€ 376,273 is repaid this year. At this pace the long-term loan is gone in ≈ 160 years.
€ 238,657
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 63 days on average.
€ 159,492
▼ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 149,934 | € 719,986 | € 664,416 | € 679,326 | ▲ 2% |
| Profit after taxes | € -6,926,528 | € 1,576,398 | € -2,924,454 | € -2,788,431 | ▲ € 136,023 |
| Equity | € 24,970,926 | € 26,547,323 | € 23,622,869 | € 20,834,438 | ▼ 12% |
| Total debts | € 119,454,951 | € 70,649,076 | € 64,106,923 | € 65,458,429 | ▲ 2% |
| Cash | € 33 | € 284 | € 2,000,131 | € 822 | ▼ € 2 million |
| Land & buildings | € 487,041 | € 1,920,041 | € 1,860,466 | € 1,795,430 | ▼ 3% |
| Retained profit | € 8,370,615 | € 9,947,013 | € 7,022,559 | € 4,234,128 | ▼ 40% |
| Bank debt | € 58,406,148 | € 59,148,832 | € 60,747,378 | € 64,336,958 | ▲ 6% |
| Balance sheet total | € 144,425,876 | € 97,196,400 | € 87,754,793 | € 86,317,867 | ▼ 2% |
| Employees (FTE) | 21.6 | 20 | 17.7 | 10.9 | ▼ 6.8 |
Key figures of Bostoen Group, 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 Bostoen Group?
What happened at Bostoen Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stephan BOSTOEN stepped down as director. NBB
- Patrick BOSTOEN stepped down as director. NBB
- ERTVELD NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.8 million. Source: NBB ↗
- Stephan BOSTOEN became a director. NBB
- Patrick BOSTOEN became a director. NBB
- ERTVELD NV became a director. NBB
- New establishment in Gent. KBO
In short
From € 6.9 million loss in 2022 to € 2.8 million loss in 2025.
Paid € 12,273 in corporate taxes since 2022.
Best year ever: 2023, with € 1.6 million profit.
Pays suppliers within 63 days on average.
Management
It owns 100% of C.E.J., 100% of NATUURSTEEN CRUL in vereffening, 100% of VEKABO, 99.8% of BOUW FRANCIS BOSTOEN, 50% of Futurn BOST and 50% of GULFCOM EUROPE itself.
Directors
According to the 2025 annual accounts
Stephan BOSTOEN
Director
Also active at: Immobiliën Francis Bostoen, GULFCOM EUROPE, GOURMAND, ILO KEUKENS & INTERIEUR, LATEMWAARTS, DOSSCHE INVEST, Pebble wave, 2Grow +8 more
since 2025 · until 2031
Director · represented by Daniëlle Bostoen
Also active at: Immobiliën Francis Bostoen, GULFCOM EUROPE, ILLINOIS
since 2024 · until 2030
Patrick BOSTOEN
Director
Also active at: Immobiliën Francis Bostoen, LEIEKANT, ILLINOIS, PATRIST HOLDING, CEDERINVEST, VEKABO
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Pauline Van Pottelsberghelaan 22
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Bouw Francis Bostoen same network
€ 49.9 million revenue · 2025
Immobiliën Francis Bostoen same network
€ 4.3 million revenue · 2025
GULFCOM EUROPE same network
€ 629,995 revenue · 2025
NATUURSTEEN CRUL same network
€ -1,815 gross margin · 2025
ILLINOIS same network
+5 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
- 0437.878.289
- VAT number
- BE 0437.878.289
- Registered office
- Pauline Van Pottelsberghelaan 22, 9051 Gent
- Names & denominations
- Bostoen Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 1989
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur van niet-residentiële gebouwen