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 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INSTATH from Nazareth, company number BE0474861322, closed financial year 2025 with a result of € 29,371 after tax. For that financial year INSTATH recorded a gross margin of € 53,146 and equity of € 126,639. Compared with financial year 2024, the result moved from € 3,458 to € 29,371. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 2, 2026.
€ 126,639
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,371
▲ € 25,913 vs 2024
Profit after tax over the fiscal year.
€ 102,855
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 76,639.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 9,568
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,426
▲ 153% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 83,226 | € 45,211 | € 30,170 | € 53,146 | ▲ 76% |
| Profit after taxes | € 16,894 | € 22,425 | € 3,458 | € 29,371 | ▲ € 25,913 |
| Equity | € 71,385 | € 93,810 | € 97,268 | € 126,639 | ▲ 30% |
| Total debts | € 427,424 | € 353,528 | € 298,348 | € 261,669 | ▼ 12% |
| Cash | € 206,769 | € 136,849 | € 85,950 | € 102,855 | ▲ 20% |
| Land & buildings | € 240,440 | € 234,095 | € 227,750 | € 221,406 | ▼ 3% |
| Retained profit | € 21,385 | € 43,810 | € 47,268 | € 76,639 | ▲ 62% |
| Bank debt | € 50,095 | € 18,607 | € 5,702 | € 0 | ▼ 100% |
| Balance sheet total | € 498,809 | € 447,338 | € 395,616 | € 388,309 | ▼ 2% |
Key figures of INSTATH, 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 January 2027.
What happened to INSTATH?
What happened at INSTATH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,371 (▲ € 25,913 vs 2024). Source: NBB ↗
- New establishment in Nazareth. KBO
- Start of the company according to the CBE. KBO
- Marc Thielemans became a director. NBB
In short
From € 16,894 profit in 2022 to € 29,371 profit in 2025.
Paid € 33,003 in corporate taxes since 2022.
Best year ever: 2025, with € 29,371 profit.
Management
Behind INSTATH is Marc Thielemans.
Directors
According to the 2025 annual accounts
Marc Thielemans
Director
since 2001
Establishments
Establishment units
Physical locations of this company
Ten Edestraat 14 box A
9810 Nazareth
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.861.322
- VAT number
- BE 0474.861.322
- Registered office
- Ten Edestraat 14 bus A, 9810 Nazareth
- Names & denominations
- INSTATH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 May 2001
- Peppol
- Active · Active since 22 May 2025
- Activities · NACE
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