Financials
Financial year 2025
Elstuk from Gent, company number BE0674461388, closed financial year 2025 with a result of € 23,168 after tax. For that financial year Elstuk recorded a gross margin of € 349,750 and equity of € 87,134. Compared with financial year 2024, the result moved from € 24,811 to € 23,168. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 87,134
▲ 36% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,168
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 46,439
▲ € 45,571 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 € 68,534.
People and assets in 2025
€ 278,239
▲ 18% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 65,567
▼ 31% 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.
€ 35,847
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,583
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 300,144 | € 317,340 | € 309,516 | € 349,750 | ▲ 13% |
| Profit after taxes | € 8,125 | € 37,833 | € 24,811 | € 23,168 | ▼ 7% |
| Equity | € 68,920 | € 39,155 | € 63,966 | € 87,134 | ▲ 36% |
| Total debts | € 58,468 | € 248,224 | € 262,523 | € 192,278 | ▼ 27% |
| Cash | € 37,797 | € 16,665 | € 868 | € 46,439 | ▲ € 45,571 |
| Retained profit | € 50,320 | € 20,555 | € 45,366 | € 68,534 | ▲ 51% |
| Dividend | € 0 | € 67,598 | € 0 | € 0 | |
| Balance sheet total | € 127,387 | € 287,378 | € 326,489 | € 279,412 | ▼ 14% |
Key figures of Elstuk, 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 Elstuk?
What happened at Elstuk in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,168 (▼ 7% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,125 profit in 2022 to € 23,168 profit in 2025.
Paid € 48,712 in corporate taxes since 2022.
Best year ever: 2023, with € 37,833 profit.
Paid out € 67,598 in dividends to the owners in total.
Management
Behind Elstuk is Piotr Piwowar.
Directors
According to the 2025 annual accounts
Piotr Piwowar
Director
Establishments
Establishment units
Physical locations of this company
Traktaatweg 9A
9000 Gent
Traktaatweg 9 box A
9000 Gent
Active since 11 April 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
HOMEPL-AS, PL
Domain
Domain
elstuk.com
Registered
2008-08-04
Registrar
Key-Systems GmbH
Expires
2026-08-04
Website info
Features
Security
Details
- Company number
- 0674.461.388
- VAT number
- BE 0674.461.388
- Registered office
- Traktaatweg 9A, 9000 Gent
- Names & denominations
- Elstuk
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 2017
- Peppol
- Active · Active since 26 Dec 2025
- Contact
- elstuk.com
- Activities · NACE
Stukadoorswerk