Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 29.9 to 23.7.
Financials
Financial year 2025
STYLMAR from Geraardsbergen, company number BE0454388580, closed financial year 2025 with a result of € -197,167 after tax. For that financial year STYLMAR recorded a gross margin of € 942,348 and equity of € 929,728. Compared with financial year 2024, the result moved from € 5,386 to € -197,167. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 929,728
▼ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -197,167
▼ still € 5,386 profit in 2024
Profit after tax over the fiscal year.
€ 89,981
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -320,272.
People and assets in 2025
23.7
▼ 4.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▼ 18% vs 2024
€ 47,400 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.
€ 674
▼ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 96,807
▲ 19% vs 2024
Loans from banks and other lenders, long and short.
€ 282,837
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 114,959
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,123,391 | € 1,507,276 | € 1,391,615 | € 942,348 | ▼ 32% |
| Profit after taxes | € -207,080 | € 58,328 | € 5,386 | € -197,167 | ▼ € 202,553 |
| Equity | € -79,820 | € 1,121,508 | € 1,126,894 | € 929,728 | ▼ 17% |
| Total debts | € 1,599,214 | € 469,939 | € 458,808 | € 547,312 | ▲ 19% |
| Cash | € 273,399 | € 165,302 | € 189,465 | € 89,981 | ▼ 53% |
| Retained profit | € -186,820 | € -128,492 | € -123,106 | € -320,272 | ▼ € 197,167 |
| Bank debt | € 31,972 | € 109,933 | € 81,692 | € 96,807 | ▲ 19% |
| Balance sheet total | € 1,519,394 | € 1,591,447 | € 1,585,702 | € 1,477,040 | ▼ 7% |
| Employees (FTE) | 29.5 | 29.9 | 28 | 23.7 | ▼ 4.3 |
Key figures of STYLMAR, 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 STYLMAR?
What happened at STYLMAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 197,167 (▼ € 202,553 vs 2024). Source: NBB ↗
- Nelly Vanden Herrewegen became a director. NBB
- Nico Marginet became a director. NBB
- Marc Marginet became a director. NBB
- New establishment in Geraardsbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 207,080 loss in 2022 to € 197,167 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2023, with € 58,328 profit.
On average € 39,800 of value added per employee in 2025.
Management
The stake of MARGINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STYLMARBehind STYLMAR are Nelly Vanden Herrewegen, Nico Marginet and Marc Marginet. The shares are held by MARGINVEST (91.4%).
Directors
According to the 2025 annual accounts
since 2022
Nico Marginet
Director
Also active at: MARGINVEST, M&A PROJECTS, MARANY, STIJLINTERIEUR, MARNILUX, WINK
since 2022
since 2022
Shareholders
91.4%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Diebeke(Sch) 11
9500 Geraardsbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0454.388.580
- VAT number
- BE 0454.388.580
- Registered office
- Diebeke(Sch) 11, 9500 Geraardsbergen
- Names & denominations
- STYLMAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 1995
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- stylmar.be
- Activities · NACE
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