Financials
Financial year 2025
SUELGA from Lokeren, company number BE0473901814, closed financial year 2025 with a result of € 868,500 after tax. For that financial year SUELGA recorded revenue of € 10.4 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 207,464 to € 868,500. Profitable, and profit is growing. 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 September 7, 2026.
€ 3 million
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 868,500
▲ € 661,036 vs 2024
Profit after tax over the fiscal year.
€ 89,076
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
59.1
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 4% vs 2024
€ 59,600 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.
€ 625,084
▲ 114% vs 2024
Of which on lease € 518,454.
Debts at end 2025
€ 1.2 million
▲ 33% vs 2024
€ 223,591 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 560,152
▼ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 379,069
▲ 169% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,754,944 | € 13,877,427 | € 12,128,417 | € 10,420,678 | ▼ 14% |
| Profit after taxes | € 617,857 | € 699,745 | € 207,464 | € 868,500 | ▲ € 661,036 |
| Equity | € 3,383,732 | € 4,083,477 | € 4,290,941 | € 2,959,440 | ▼ 31% |
| Total debts | € 1,360,833 | € 2,271,777 | € 2,081,264 | € 4,354,494 | ▲ 109% |
| Cash | € 391,383 | € 307,788 | € 205,223 | € 89,076 | ▼ 57% |
| Land & buildings | € 580,849 | € 533,037 | € 485,224 | € 437,412 | ▼ 10% |
| Retained profit | € 3,365,132 | € 4,064,877 | € 4,272,341 | € 2,940,840 | ▼ 31% |
| Dividend | € 0 | € 0 | € 0 | € 2,200,000 | |
| Bank debt | € 497,738 | € 1,013,518 | € 913,402 | € 1,214,459 | ▲ 33% |
| Balance sheet total | € 5,159,066 | € 6,809,653 | € 6,866,510 | € 7,850,196 | ▲ 14% |
| Employees (FTE) | 55.5 | 54.3 | 58.2 | 59.1 | ▲ 0.9 |
Key figures of SUELGA, 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 SUELGA?
What happened at SUELGA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 868,500 (▲ € 661,036 vs 2024). filed late Source: NBB ↗
- BROEDERS & Co BV became a director. NBB
- Birgul Kurtulus stepped down as director. NBB
- Nihat Kurtulus stepped down as director. NBB
- Suat Kurtulus stepped down as director. NBB
- New establishment in Lokeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 617,857 profit in 2022 to € 868,500 profit in 2025.
Paid € 913,943 in corporate taxes since 2022.
Best year ever: 2025, with € 868,500 profit.
Paid out € 2.2 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
Behind SUELGA is BROEDERS & Co BV. The shares are held by BROEDERS & Co (100%).
Directors
According to the 2025 annual accounts
since 2022
Birgul Kurtulus
Director
· until 2022
Nihat Kurtulus
Director
· until 2022
Suat Kurtulus
Administrator-manager
· until 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Spieveldstraat 20 box A
9160 Lokeren
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.
Details
- Company number
- 0473.901.814
- VAT number
- BE 0473.901.814
- Registered office
- Spieveldstraat 20 bus A, 9160 Lokeren
- Names & denominations
- SUELGA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 2001
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
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