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 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S&G from Houthulst, company number BE0525645572, closed financial year 2025 with a result of € 18,834 after tax. For that financial year S&G recorded a gross margin of € 84,297 and equity of € 108,042. Compared with financial year 2024, the result moved from € 13,552 to € 18,834. 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 August 21, 2026.
€ 108,042
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,834
▲ 39% vs 2024
Profit after tax over the fiscal year.
€ 11,260
▼ 6% 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 € 89,442.
People and assets in 2025
€ 30,677
▼ 61% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 82,991
▼ 47% vs 2024
€ 27,015 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 3,816
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,514
▲ 72% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 74,169 | € 49,160 | € 80,174 | € 84,297 | ▲ 5% |
| Profit after taxes | € 6,600 | € 11,301 | € 13,552 | € 18,834 | ▲ 39% |
| Equity | € 64,355 | € 75,656 | € 89,208 | € 108,042 | ▲ 21% |
| Total debts | € 231,830 | € 354,472 | € 254,009 | € 167,465 | ▼ 34% |
| Cash | € 7,830 | € 11,706 | € 12,039 | € 11,260 | ▼ 6% |
| Land & buildings | € 264,736 | € 250,085 | € 235,433 | € 221,822 | ▼ 6% |
| Retained profit | € 45,755 | € 57,056 | € 70,608 | € 89,442 | ▲ 27% |
| Bank debt | € 115,490 | € 193,225 | € 156,373 | € 82,991 | ▼ 47% |
| Balance sheet total | € 296,185 | € 430,129 | € 343,218 | € 275,507 | ▼ 20% |
Key figures of S&G, 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 S&G?
What happened at S&G in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,834 (▲ 39% vs 2024). filed late Source: NBB ↗
- New establishment in Langemark-Poelkapelle. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,600 profit in 2022 to € 18,834 profit in 2025.
Paid € 33,165 in corporate taxes since 2022.
Best year ever: 2025, with € 18,834 profit.
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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 S&G are Georgi Marinov and Sevdalina Kostova.
Directors
According to the 2025 annual accounts
Georgi Marinov
Manager
Sevdalina Kostova
Manager
Establishments
Establishment units
Physical locations of this company
Terreststraat 130
8650 Houthulst
Statiestraat 35 box A
8920 Langemark-Poelkapelle
Active since 1 September 2017
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
- 0525.645.572
- VAT number
- BE 0525.645.572
- Registered office
- Terreststraat 130, 8650 Houthulst
- Names & denominations
- S&G
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 2013
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
Gastenkamers
Handelsbemiddeling in de groothandel in andere specifieke goederen
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Ambachtelijke vervaardiging van brood en van vers banketbakkerswerk
Detailhandel in brood en banketbakkerswerk (koude bakkers)