Financials
Financial year 2025
BSTOR from Oudergem, company number BE0648717687, closed financial year 2025 with a result of € 4.7 million after tax. For that financial year BSTOR recorded revenue of € 9.6 million and equity of € 22.4 million. Compared with financial year 2024, the result moved from € 2.3 million to € 4.7 million. 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 May 22, 2026.
€ 22.4 million
▲ 141% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.7 million
▲ 108% vs 2024
Profit after tax over the fiscal year.
€ 3.2 million
▼ 30% 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 € 5.8 million.
People and assets in 2025
9.9
▲ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 48% vs 2024
€ 156,700 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.
€ 24,441
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 33.6 million
▲ 74% vs 2024
Loans from banks and other lenders, long and short.
€ 495,891
▲ 136% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 334,727
▼ 45% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 498,611 | € 1,089,204 | € 4,773,559 | € 9,551,239 | ▲ 100% |
| Profit after taxes | € -413,400 | € 97,765 | € 2,258,759 | € 4,706,078 | ▲ 108% |
| Equity | € 3,461,147 | € 3,558,912 | € 9,275,523 | € 22,380,493 | ▲ 141% |
| Total debts | € 1,738,924 | € 4,306,840 | € 20,679,775 | € 36,165,741 | ▲ 75% |
| Cash | € 686,397 | € 4,115,624 | € 4,624,395 | € 3,236,972 | ▼ 30% |
| Retained profit | € -1,141,950 | € -1,044,185 | € 1,143,226 | € 5,777,396 | ▲ € 4.6 million |
| Bank debt | € 1,480,000 | € 3,911,567 | € 19,356,689 | € 33,591,368 | ▲ 74% |
| Balance sheet total | € 5,200,071 | € 7,865,752 | € 29,955,298 | € 58,546,234 | ▲ 95% |
| Employees (FTE) | 2.2 | 4.2 | 6.3 | 9.9 | ▲ 3.6 |
Key figures of BSTOR, 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 BSTOR?
What happened at BSTOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ethan SRL stepped down as director. NBB
- WE Environnement SA stepped down as director. NBB
- Koen Janssen stepped down as director. NBB
- MSQ BV stepped down as director. NBB
- Sparaxis SA stepped down as director. NBB
- Bewatt SRL stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.7 million (▲ 108% vs 2024). Source: NBB ↗
- Ethan SRL became a director. NBB
In short
From € 413,400 loss in 2022 to € 4.7 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 4.7 million profit.
Pays suppliers within 60 days on average.
A new publication or filing at BSTOR? We notify you, reason included.
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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 stake of GreenStor, WE Environnement, BEWATT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BSTORThe shares are held by GreenStor (38%), WE Environnement (38%) and BEWATT (19%). It owns 100% of BSTOR DevCo SA, 75% of Estor-Lux III, 75% of Estor-Lux II, 75% of ESTOR-LUX, 50% of A-STOR SA and 50% of D-STOR SA itself.
Directors
According to the 2025 annual accounts
Director · represented by Olivier Bouchat
Also active at: RECYCLAGE ET VALORISATION TECHNIQUE, DEME ENVIRONNEMENT, ECOSTAL GROUP, HeCoS, Otary RS, Gramme Storage 1
since 2024 · until 2027
Koen Janssen
Director
Also active at: AANNEMINGSMAATSCHAPPIJ CFE, Bedrijvencentrum Regio Mechelen, AvH Growth Capital, ESTOR-LUX, DEME GROUP, Otary RS, Deep C Holding
since 2022 · until 2027
Director · represented by Fabien De Jonge
Also active at: Van Laere, V.M.A., BPI SAMAYA, MOBIX, Brantegem, BPC Group, VMA SUD, Mobix Engetec +19 more
since 2023 · until 2027
Director · represented by Régis Vankerkhove
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2022 · until 2027
Director · represented by Bruno Vanderschueren
Also active at: R-GROUP Holding, Watt Matters, Alix, ESTOR-LUX, WATT MATTERS TWO, Junction Growth Partners, Estor-Lux II, BV SQUARE +2 more
since 2022 · until 2027
Director · represented by Daniel Dobbeni
since 2025 · until 2028
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Herrmann-Debrouxlaan 42
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Mobix Engema SA – TRBA SA
RLM service
€ 326,439 gross margin · 2024
Ambassade van Jamaica
D-STOR same network
NOVA WORK
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0648.717.687
- VAT number
- BE 0648.717.687
- Registered office
- Herrmann-Debrouxlaan 42, 1160 Oudergem
- Names & denominations
- BSTOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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