Financials
Financial year 2025
Cut The Mustard from Tervuren, company number BE0668606647, closed financial year 2025 with a result of € 215,861 after tax. For that financial year Cut The Mustard recorded a gross margin of € 295,994 and equity of € 54,136. Compared with financial year 2024, the result moved from € 193,864 to € 215,861. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on December 2, 2025.
€ 54,136
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 215,861
▲ 11% vs 2024
Profit after tax over the fiscal year.
€ 254,003
▲ € 203,192 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 215,861 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 4,527
▼ 63% 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.
€ 7,886
▲ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,853
▲ 3% 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 | € 140,598 | € 138,772 | € 263,918 | € 295,994 | ▲ 12% |
| Profit after taxes | € 107,720 | € 105,359 | € 193,864 | € 215,861 | ▲ 11% |
| Equity | € 67,209 | € 72,940 | € 54,136 | € 54,136 | |
| Total debts | € 240,280 | € 128,907 | € 195,724 | € 237,531 | ▲ 21% |
| Cash | € 245,668 | € 114,719 | € 50,812 | € 254,003 | ▲ € 203,192 |
| Retained profit | € 54,809 | € 54,340 | € 52,480 | € 52,480 | |
| Dividend | € 201,930 | € 105,828 | € 195,724 | € 215,861 | ▲ 10% |
| Balance sheet total | € 307,490 | € 201,847 | € 249,860 | € 291,667 | ▲ 17% |
Key figures of Cut The Mustard, 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 April 2027.
What happened to Cut The Mustard?
What happened at Cut The Mustard in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 215,861 (▲ 11% vs 2024). Source: NBB ↗
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 107,720 profit in 2022 to € 215,861 profit in 2025.
Paid € 192,595 in corporate taxes since 2022.
Best year ever: 2025, with € 215,861 profit.
Paid out € 719,342 in dividends to the owners in total.
Management
Behind Cut The Mustard is Nicolas BLONDEAU. Nicolas BLONDEAU is also behind Service2cities.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Meiklokjeslaan 22
3080 Tervuren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0668.606.647
- VAT number
- BE 0668.606.647
- Registered office
- Meiklokjeslaan 22, 3080 Tervuren
- Names & denominations
- Cut The Mustard
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2016
- Peppol
- Active · Active since 31 Mar 2026
- Activities · NACE
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