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 5 to 4.1.
Financials
Financial year 2025
SUBLIEM from Westerlo, company number BE0454181912, closed financial year 2025 with a result of € 30,480 after tax. For that financial year SUBLIEM recorded a gross margin of € 313,205 and equity of € 171,630. Compared with financial year 2024, the result moved from € 15,018 to € 30,480. Profitable, and profit is growing. 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 23, 2026.
€ 171,630
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,480
▲ 103% vs 2024
Profit after tax over the fiscal year.
€ 141,264
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 41,423 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
4.1
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 232,686
▼ 14% vs 2024
€ 56,800 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.
€ 1,945
▼ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 102,602
▼ 11% vs 2024
€ 12,367 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 152,409
▼ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,782
▼ 60% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 406,762 | € 363,639 | € 326,479 | € 313,205 | ▼ 4% |
| Profit after taxes | € 35,712 | € 33,442 | € 15,018 | € 30,480 | ▲ 103% |
| Equity | € 138,700 | € 167,555 | € 182,573 | € 171,630 | ▼ 6% |
| Total debts | € 384,902 | € 277,027 | € 361,660 | € 326,357 | ▼ 10% |
| Cash | € 158,100 | € 64,669 | € 154,049 | € 141,264 | ▼ 8% |
| Land & buildings | € 157,043 | € 167,893 | € 161,859 | € 155,824 | ▼ 4% |
| Retained profit | € 120,108 | € 148,963 | € 163,981 | € 153,038 | ▼ 7% |
| Dividend | € 0 | € 4,586 | € 0 | € 41,423 | |
| Bank debt | € 139,992 | € 126,488 | € 114,684 | € 102,602 | ▼ 11% |
| Balance sheet total | € 523,602 | € 444,582 | € 544,233 | € 497,987 | ▼ 8% |
| Employees (FTE) | 5.8 | 5 | 4.7 | 4.1 | ▼ 0.6 |
Key figures of SUBLIEM, 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 SUBLIEM?
What happened at SUBLIEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,480 (▲ 103% vs 2024). Source: NBB ↗
- New establishment in Westerlo. KBO
- New establishment in Westerlo. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,712 profit in 2022 to € 30,480 profit in 2025.
Paid € 39,784 in corporate taxes since 2022.
Best year ever: 2022, with € 35,712 profit.
On average € 76,400 of value added per employee in 2025.
Management
Behind SUBLIEM is Stef Truyens.
Directors
According to the 2025 annual accounts
Stef Truyens
Director
Establishments
Establishment units
Physical locations of this company
Schoolstraat 25
2260 Westerlo
Slachterijstraat 3J
2260 Westerlo
Active since 1 January 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0454.181.912
- VAT number
- BE 0454.181.912
- Registered office
- Schoolstraat 25, 2260 Westerlo
- Names & denominations
- SUBLIEM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 January 1995
- Peppol
- Active · Active since 25 Nov 2025
- Activities · NACE
Bouwen van individuele huizen
Algemene bouw van residentiële gebouwen
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2