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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Shrinking team NBB
FTE fell two years in a row, from 10 to 1.4.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
KARL VANDER STICHELE from Roeselare, company number BE0450124540, closed financial year 2025 with a result of € 20,336 after tax. For that financial year KARL VANDER STICHELE recorded a gross margin of € 190,279 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 5,453 to € 20,336. Profitable, and profit is growing. 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 July 15, 2026.
€ 1.5 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,336
▲ 273% vs 2024
Profit after tax over the fiscal year.
€ 29,082
▼ 46% 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 € 1 million.
People and assets in 2025
1.4
▼ 4.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 65,423
▼ 67% vs 2024
€ 46,700 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.
€ 6,867
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 35,414
▼ 64% vs 2024
€ 9,724 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 285,537
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,270
▼ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 648,363 | € 591,549 | € 309,129 | € 190,279 | ▼ 38% |
| Profit after taxes | € 104,443 | € 94,294 | € 5,453 | € 20,336 | ▲ 273% |
| Equity | € 1,382,785 | € 1,477,078 | € 1,482,531 | € 1,502,867 | ▲ 1% |
| Total debts | € 410,879 | € 336,681 | € 422,180 | € 368,721 | ▼ 13% |
| Cash | € 118,684 | € 460,720 | € 53,606 | € 29,082 | ▼ 46% |
| Land & buildings | € 759,353 | € 720,739 | € 369,191 | € 332,986 | ▼ 10% |
| Retained profit | € 902,785 | € 997,078 | € 1,002,531 | € 1,022,867 | ▲ 2% |
| Dividend | € 8,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 156,367 | € 122,001 | € 97,517 | € 35,414 | ▼ 64% |
| Balance sheet total | € 1,816,003 | € 1,828,482 | € 1,915,987 | € 1,871,588 | ▼ 2% |
| Employees (FTE) | 11.2 | 10 | 5.5 | 1.4 | ▼ 4.1 |
Key figures of KARL VANDER STICHELE, 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 KARL VANDER STICHELE?
What happened at KARL VANDER STICHELE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 20,336 (▲ 273% vs 2024). Source: NBB ↗
- Green Hill Company BV became a director. NBB
- Steven Buyse became a director. NBB
- QDC-Governance BV became a director. NBB
- Berlony BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 104,443 profit in 2022 to € 20,336 profit in 2025.
Paid € 96,581 in corporate taxes since 2022.
Best year ever: 2022, with € 104,443 profit.
On average € 135,900 of value added per employee in 2025.
Management
The stake of G & V ENERGY GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KARL VANDER STICHELEBehind KARL VANDER STICHELE are Green Hill Company BV, Steven Buyse, QDC-Governance BV and Berlony BV. The shares are held by G & V ENERGY GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Dewulf XAVIER
Also active at: G&V Supply and Logistics, G&V Caps Energy, Premier Development Fund, PDF INVEST, PDF LAND, PDF CONSTRUCT, PARKZICHT CONSTRUCT, LNG SOLUTIONS BELGIUM +10 more
since 2024
Steven Buyse
Director
Also active at: G&V Supply and Logistics, G&V Caps Energy, CORPORATE FINANCE CONSULT, UpCo, High 5 Investments, Digital SWAT, ACSW, DM Publishing +8 more
since 2024
Director · represented by Clarysse DIRK
Also active at: SKT, G&V Supply and Logistics, G&V Caps Energy, B.B.M. II, Quibits, UpCo, Urbanite Projects, G & V ENERGY GROUP +4 more
since 2024
Director · represented by Buyse BERNARD
Also active at: LYPO, G&V Supply and Logistics, G&V Caps Energy, UpCo, G & V ENERGY GROUP, XL SERVICESTATIONS, XL INVEST, BREAKPOINT FOOD SERVICES +1 more
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Meiboomlaan 140
8800 Roeselare
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.124.540
- VAT number
- BE 0450.124.540
- Registered office
- Meiboomlaan 140, 8800 Roeselare
- Names & denominations
- KARL VANDER STICHELE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1993
- Peppol
- Not registered