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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STOVE DECOR from Ingelmunster, company number BE0476545063, closed financial year 2025 with a result of € -70 after tax. For that financial year STOVE DECOR recorded a gross margin of € 51,895 and equity of € 148,605. Compared with financial year 2024, the result moved from € -9,805 to € -70. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 148,605
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70
▲ 99 % less loss than in 2024
Profit after tax over the fiscal year.
€ 22,953
▲ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 130,005.
People and assets in 2025
€ 67,943
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 258,363
▼ 11% vs 2024
€ 28,511 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 282,801
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,859
▲ € 16,561 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 | € 80,127 | € 43,698 | € 51,567 | € 51,895 | ▲ 1% |
| Profit after taxes | € 36,349 | € 706 | € -9,805 | € -70 | ▲ € 9,735 |
| Equity | € 157,774 | € 158,480 | € 148,675 | € 148,605 | |
| Total debts | € 561,317 | € 525,671 | € 583,023 | € 561,684 | ▼ 4% |
| Cash | € 2,388 | € 1,842 | € 17,550 | € 22,953 | ▲ 31% |
| Land & buildings | € 53,887 | € 66,497 | € 59,670 | € 52,842 | ▼ 11% |
| Retained profit | € 139,174 | € 139,880 | € 130,075 | € 130,005 | |
| Bank debt | € 317,493 | € 286,204 | € 291,354 | € 258,363 | ▼ 11% |
| Balance sheet total | € 719,091 | € 684,151 | € 731,698 | € 710,289 | ▼ 3% |
Key figures of STOVE DECOR, 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 STOVE DECOR?
What happened at STOVE DECOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 70. Source: NBB ↗
- New establishment in Ingelmunster. KBO
- Start of the company according to the CBE. KBO
In short
From € 36,349 profit in 2022 to € 70 loss in 2025.
Paid € 19,677 in corporate taxes since 2022.
Best year ever: 2022, with € 36,349 profit.
Management
Behind STOVE DECOR are Kevin Olivier and Marian Stove.
Directors
According to the 2025 annual accounts
Kevin Olivier
Director
Marian Stove
Director
Establishments
Establishment units
Physical locations of this company
Kortrijkstraat 149
8770 Ingelmunster
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.545.063
- VAT number
- BE 0476.545.063
- Registered office
- Kortrijkstraat 149, 8770 Ingelmunster
- Names & denominations
- STOVE DECOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 January 2002
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden