Financials
Financial year 2025
INDUSTRIELE SCHILDERWERKEN BAETEN from Olen, company number BE0441204597, closed financial year 2025 with a result of € 893,979 after tax. For that financial year INDUSTRIELE SCHILDERWERKEN BAETEN recorded a gross margin of € 3.9 million and equity of € 9.7 million. Compared with financial year 2024, the result moved from € 1.1 million to € 893,979. The company is profitable. 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 August 31, 2026.
€ 9.7 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 893,979
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 906,433
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 838,000 paid out
94 % of the profit went to the shareholders, mostly to BATHIVA (100 % of the shares). That is where the money ends up.
People and assets in 2025
33.5
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 34% vs 2024
€ 65,600 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.
€ 919,531
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▼ 8% vs 2024
€ 331,672 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 403,970
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 370,054
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 6,689,558 | - | |
| Gross margin | € 4,567,992 | € 4,441,559 | € 3,828,135 | € 3,891,504 | ▲ 2% |
| Profit after taxes | € 1,441,448 | € 1,285,427 | € 1,108,493 | € 893,979 | ▼ 19% |
| Equity | € 8,922,013 | € 9,369,440 | € 9,639,994 | € 9,695,973 | ▲ 1% |
| Total debts | € 4,823,590 | € 5,620,221 | € 6,391,399 | € 6,622,147 | ▲ 4% |
| Cash | € 654,150 | € 1,342,184 | € 1,066,517 | € 906,433 | ▼ 15% |
| Land & buildings | € 4,301,174 | € 4,370,159 | € 4,991,746 | € 4,883,330 | ▼ 2% |
| Retained profit | € 8,173,622 | € 8,650,296 | € 8,942,723 | € 9,027,949 | ▲ 1% |
| Dividend | € 838,000 | € 838,000 | € 838,000 | € 838,000 | |
| Bank debt | € 1,843,163 | € 1,949,567 | € 2,401,412 | € 2,198,620 | ▼ 8% |
| Balance sheet total | € 13,939,651 | € 15,171,391 | € 16,176,197 | € 16,449,131 | ▲ 2% |
| Employees (FTE) | 35.9 | 33.6 | 34.1 | 33.5 | ▼ 0.6 |
Key figures of INDUSTRIELE SCHILDERWERKEN BAETEN, fiscal years 2023 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 INDUSTRIELE SCHILDERWERKEN BAETEN?
What happened at INDUSTRIELE SCHILDERWERKEN BAETEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 893,979 (▼ 19% vs 2024). filed late Source: NBB ↗
- New establishment in Olen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.4 million profit in 2023 to € 893,979 profit in 2025.
Paid € 2 million in corporate taxes since 2023.
Best year ever: 2023, with € 1.4 million profit.
On average € 116,200 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
The stake of BATHIVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
INDUSTRIELE SCHILDERWERKEN BAETENBehind INDUSTRIELE SCHILDERWERKEN BAETEN are Veronique Thijs, Ronald Thijs, Filip Thijs, Ivan Van Looveren and Marcelline Baeten. The shares are held by BATHIVA (99.8%).
Directors
According to the 2025 annual accounts
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Lammerdries-Oost 24B
2250 Olen
Lammerdries 24 B
2250 Olen
Active since 31 August 1990
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
- 0441.204.597
- VAT number
- BE 0441.204.597
- Registered office
- Lammerdries-Oost 24B, 2250 Olen
- Names & denominations
- INDUSTRIELE SCHILDERWERKEN BAETEN · M.I.S.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 1990
- Peppol
- Active · Active since 29 Aug 2023
- Activities · NACE
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