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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STULTJENS GROUP from Sint-Truiden, company number BE0465772620, closed financial year 2025 with a result of € -2.2 million after tax. For that financial year STULTJENS GROUP recorded revenue of € 1.2 million and equity of € 15.6 million. Compared with financial year 2024, the result moved from € 7,288 to € -2.2 million. The company made a loss. 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 7, 2026.
€ 15.6 million
▲ 68% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.2 million
▼ still € 7,288 profit in 2024
Profit after tax over the fiscal year.
€ 30,602
▲ 238% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 813,231.
People and assets in 2025
4.8
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 404,112
▲ 2% vs 2024
€ 84,200 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.
Debts at end 2025
€ 2.2 million
▼ 11% vs 2024
€ 277,311 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 15,052
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 32 days on average.
€ 113,144
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 887,110 | € 950,228 | € 953,446 | € 1,185,355 | ▲ 24% |
| Profit after taxes | € 70,977 | € 69,241 | € 7,288 | € -2,192,743 | ▼ € 2.2 million |
| Equity | € 6,591,032 | € 9,691,559 | € 9,313,819 | € 15,611,715 | ▲ 68% |
| Total debts | € 3,370,776 | € 3,361,043 | € 3,506,476 | € 6,085,203 | ▲ 74% |
| Cash | € 149,370 | € 35,706 | € 9,041 | € 30,602 | ▲ 238% |
| Land & buildings | € 4,381,826 | € 7,582,690 | € 7,306,429 | € 19,205,410 | ▲ 163% |
| Retained profit | € 4,074,872 | € 3,770,399 | € 3,472,659 | € 813,231 | ▼ 77% |
| Dividend | € 362,743 | € 373,714 | € 385,029 | € 546,686 | ▲ 42% |
| Bank debt | € 2,810,893 | € 2,605,554 | € 2,511,248 | € 2,245,097 | ▼ 11% |
| Balance sheet total | € 9,961,808 | € 13,052,602 | € 12,820,295 | € 24,709,360 | ▲ 93% |
| Employees (FTE) | 5 | 4.9 | 4.9 | 4.8 | ▼ 0.1 |
Key figures of STULTJENS GROUP, 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 STULTJENS GROUP?
What happened at STULTJENS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Silvie STULTJENS stepped down as director. NBB
- Filip STULTJENS stepped down as director. NBB
- Luk STULTJENS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.2 million (▼ € 2.2 million vs 2024). Source: NBB ↗
- Silvie STULTJENS became a director. NBB
- Filip STULTJENS became a director. NBB
- Luk STULTJENS became a director. NBB
- New establishment in Sint-Truiden. KBO
In short
From € 70,977 profit in 2022 to € 2.2 million loss in 2025.
Paid € 111,838 in corporate taxes since 2022.
Best year ever: 2022, with € 70,977 profit.
Paid out € 1.7 million in dividends to the owners in total.
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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 shares are held by STULTJENS PIERRE & Co BV (50%) and STULTJENS & Co BV (50%). It owns 100% of Impermo Business Plus, 100% of Impermo Logistics, 100% of Impermo Nederland BV and 100% of Impermo-Stultjens itself.
Directors
According to the 2025 annual accounts
Silvie STULTJENS
Director
Also active at: AEN DE KERCK, Impermo Logistics, COCOLICO, Impermo Business Plus
since 2021 · until 2027
Filip STULTJENS
Director
Also active at: IMPERMO - STULTJENS, Impermo Logistics, PACTA QUATUOR, Impermo Business Plus
since 2021 · until 2027
since 2021 · until 2027
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Tiensesteenweg 127
3800 Sint-Truiden
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0465.772.620
- VAT number
- BE 0465.772.620
- Registered office
- Tiensesteenweg 127, 3800 Sint-Truiden
- Names & denominations
- STULTJENS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 1999
- Peppol
- Active · Active since 26 Aug 2025
- Activities · NACE
Activiteiten van holdings
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Holdings
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering