Financials
Financial year 2025
Said Economics from Elsene, company number BE0651818620, closed financial year 2025 with a result of € 729,727 after tax. For that financial year Said Economics recorded a gross margin of € 981,864 and equity of € 20,460. Compared with financial year 2024, the result moved from € 871,900 to € 729,727. The company is profitable. The buffer shrank hard: equity is 96 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 26, 2025.
€ 20,460
▼ 96% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 729,727
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 764,861
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 19,965
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,350
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,449
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,118,010 | € 1,172,471 | € 1,164,686 | € 981,864 | ▼ 16% |
| Profit after taxes | € 1,606,241 | € 880,904 | € 871,900 | € 729,727 | ▼ 16% |
| Equity | € 1,084,925 | € 820,857 | € 506,446 | € 20,460 | ▼ 96% |
| Total debts | € 1,810,843 | € 689,892 | € 1,235,104 | € 767,763 | ▼ 38% |
| Cash | € 1,312,196 | € 1,144,273 | € 1,444,867 | € 764,861 | ▼ 47% |
| Retained profit | € 1,066,325 | € 800,397 | € 487,846 | € 1,860 | ▼ € 485,986 |
| Dividend | € 1,765,029 | € 1,144,971 | € 1,186,312 | € 1,215,713 | ▲ 2% |
| Balance sheet total | € 2,895,768 | € 1,510,750 | € 1,741,550 | € 788,223 | ▼ 55% |
Key figures of Said Economics, 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 November 2026.
What happened to Said Economics?
What happened at Said Economics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 729,727 (▼ 16% vs 2024). Source: NBB ↗
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 1.6 million profit in 2022 to € 729,727 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.6 million profit.
Paid out € 5.3 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 Said Economics is Lars WHIETHAUS.
Directors
According to the 2025 annual accounts
Lars WHIETHAUS
Director
Establishments
Establishment units
Physical locations of this company
Kasteleinsstraat 59
1050 Elsene
Brugmannlaan 45 box 2
1060 Sint-Gillis (bij-Brussel)
Active since 12 April 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0651.818.620
- VAT number
- BE 0651.818.620
- Registered office
- Kasteleinsstraat 59, 1050 Elsene
- Names & denominations
- Said Economics
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 2016
- Peppol
- Active · Active since 9 Feb 2026
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