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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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
OLSTE from Knokke-Heist, company number BE0455061840, closed financial year 2025 with a result of € 7.6 million after tax. For that financial year OLSTE recorded revenue of € 13.7 million and equity of € 42.8 million. Compared with financial year 2024, the result moved from € 3.1 million to € 7.6 million. 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 March 9, 2026.
€ 42.8 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7.6 million
▲ 143% vs 2024
Profit after tax over the fiscal year.
€ 136,454
▲ € 130,742 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
26 % of the profit went to the shareholders, mostly to SAKOLAKI (85 % of the shares). That is where the money ends up.
People and assets in 2025
3.1
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 388,429
▲ 33% vs 2024
€ 125,300 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.
€ 289,549
▲ 80% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.7 million
▼ 1% vs 2024
€ 114,048 is repaid this year. At this pace the long-term loan is gone in ≈ 68 years.
€ 857,449
▲ 285% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 44 days on average.
€ 437,538
▲ € 379,897 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,957,516 | € 3,988,457 | € 10,666,741 | € 13,653,695 | ▲ 28% |
| Profit after taxes | € 5,759,318 | € 4,228,651 | € 3,112,175 | € 7,559,904 | ▲ 143% |
| Equity | € 31,362,190 | € 35,590,841 | € 37,203,016 | € 42,762,920 | ▲ 15% |
| Total debts | € 25,292,059 | € 23,737,245 | € 16,091,524 | € 18,627,959 | ▲ 16% |
| Cash | € 132,993 | € 76,838 | € 5,713 | € 136,454 | ▲ € 130,742 |
| Land & buildings | € 3,230,616 | € 3,122,547 | € 3,011,271 | € 2,899,994 | ▼ 4% |
| Retained profit | € 30,091,415 | € 34,320,066 | € 35,932,241 | € 41,492,145 | ▲ 15% |
| Dividend | € 4,500,000 | € 0 | € 1,500,000 | € 2,000,000 | ▲ 33% |
| Bank debt | € 18,983,614 | € 17,975,450 | € 7,832,408 | € 7,740,136 | ▼ 1% |
| Balance sheet total | € 56,654,250 | € 59,328,086 | € 53,294,540 | € 61,390,879 | ▲ 15% |
| Employees (FTE) | 4.3 | 3.8 | 2.8 | 3.1 | ▲ 0.3 |
Key figures of OLSTE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to OLSTE?
What happened at OLSTE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DV Projects BV stepped down as director. NBB
- P.G.V.C. BV stepped down as director. NBB
- Sakolaki NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 7.6 million (▲ 143% vs 2024). Source: NBB ↗
- DV Projects BV became a director. NBB
- P.G.V.C. BV became a director. NBB
- Sakolaki NV became a director. NBB
- New establishment in Knokke-Heist. KBO
In short
From € 5.8 million profit in 2022 to € 7.6 million profit in 2025.
Paid € 2.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 7.6 million profit.
Paid out € 8 million in dividends to the owners in total.
A new publication or filing at OLSTE? We notify you, reason included.
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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 SAKOLAKI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
OLSTEThe shares are held by SAKOLAKI (85%). It owns 100% of Wagram Gro, 100% of Auteuil Gro, 100% of Wagram Bouw, 100% of Sole Mare Bouw, 100% of Duinrust Bouw and 100% of Bahia Ouest itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Bart De Vlieger
Also active at: BAHIA OUEST, BAHIA OUEST BOUW, MERCATOR INVEST, FERONIA GRO, DUINRUST BOUW, REGIMERAUDE GRO, ARC EN CIEL BOUW, SOLE MARE BOUW +18 more
since 2025 · until 2031
Managing director · represented by Alexis De Groote
Also active at: D.A.G.G. Service & Invest, DEMINOR, BAHIA OUEST, BAHIA OUEST BOUW, MERCATOR INVEST, FERONIA GRO, DUINRUST BOUW, REGIMERAUDE GRO +21 more
since 2025 · until 2031
Director · represented by Jan Ollevier
Also active at: EXTERIOO ANTWERPEN EN LIMBURG, EXTERIOO WEST-VLAANDEREN EN WALLONIË, Safuco, LEGIO PURCHASING HOME, Premier Development Fund 2, Belgium Land & Property, FURNITURE OFFICES, SANITARY OFFICES +9 more
since 2025 · until 2031
Shareholders
85%
Participations
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
65%
65%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
Establishments
Establishment units
Physical locations of this company
Natiënlaan 265 box 21
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →SAKOLAKI same network
€ 1 million revenue · 2025
D.A.G.G. Service & Invest same network
€ 169,074 gross margin · 2025
BAHIA OUEST same network
€ -14,048 gross margin · 2025
BAHIA OUEST BOUW same network
€ 5,879 gross margin · 2025
FERONIA GRO same network
€ 4.3 million gross margin · 2025
+24 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
- 0455.061.840
- VAT number
- BE 0455.061.840
- Registered office
- Natiënlaan 265 bus 21, 8300 Knokke-Heist
- Names & denominations
- OLSTE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 April 1995
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Activiteiten van syndici van onroerend goed