Financials
Financial year 2025
STACHEL from Ledegem, company number BE0677778689, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year STACHEL recorded revenue of € 1.7 million and equity of € 84.3 million. Compared with financial year 2024, the result moved from € 61,311 to € 1.1 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 July 6, 2026.
€ 84.3 million
▲ 79% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ € 1 million vs 2024
Profit after tax over the fiscal year.
€ 409,099
▲ 215% 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 € -106,479.
Debts at end 2025
€ 16.6 million
▲ 136% vs 2024
Loans from banks and other lenders, long and short.
€ 595,157
▲ € 448,738 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 128 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 592,435 | € 593,405 | € 979,557 | € 1,706,871 | ▲ 74% |
| Profit after taxes | € 15,664,990 | € -635,113 | € 61,311 | € 1,091,934 | ▲ € 1 million |
| Equity | € 15,575,388 | € 47,180,976 | € 47,242,287 | € 84,334,233 | ▲ 79% |
| Total debts | € 56,225,318 | € 6,714,998 | € 7,386,683 | € 17,738,498 | ▲ 140% |
| Cash | € 61,106 | € 282,154 | € 129,805 | € 409,099 | ▲ 215% |
| Retained profit | € -624,612 | € -1,259,724 | € -1,198,413 | € -106,479 | ▲ € 1.1 million |
| Dividend | € 16,425,634 | € 0 | € 0 | € 0 | |
| Bank debt | € 6,193,333 | € 6,695,681 | € 7,014,249 | € 16,583,185 | ▲ 136% |
| Balance sheet total | € 71,800,706 | € 53,895,974 | € 54,628,969 | € 102,072,731 | ▲ 87% |
Key figures of STACHEL, 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 STACHEL?
What happened at STACHEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- El Golfo BV stepped down as director. NBB
- Tom Van de Voorde stepped down as director. NBB
- Creafim BV stepped down as director. NBB
- Sami Schyvinck stepped down as director. NBB
- Stella BV stepped down as director. NBB
- Tumbaoo BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ € 1 million vs 2024). Source: NBB ↗
- El Golfo BV became a director. NBB
In short
From € 15.7 million profit in 2022 to € 1.1 million profit in 2025.
Best year ever: 2022, with € 15.7 million profit.
Paid out € 16.4 million in dividends to the owners in total.
Pays suppliers within 128 days on average.
Management
The stake of Robur Capital, TELESCO, Gimv comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STACHELThe shares are held by Robur Capital (35.5%), TELESCO (34.1%) and Gimv (29.3%). It owns 95% of Picot and 38.8% of Picoteam itself.
Directors
According to the 2025 annual accounts
Director · represented by Tony Talpe
Also active at: SEGAERT AFSLUITINGEN, NOUVEAUX ETABLISSEMENTS BOLOGNE, METAFAN, LAKKERIJ VANDERMAESEN, KOPAL, A.E.V. AFSLUITINGEN, VAN KERCKHOVEN DRAADHANDEL, B.R.T. +6 more
since 2022 · until 2028
Tom Van de Voorde
Director
Also active at: CEGEKA GROEP, BEVOCO, Cegeka Holding, L2 Capital, IMPRESSION INTERNATIONAL
since 2022 · until 2028
Managing director · represented by Wim Deblauwe
Also active at: Antwerps Octrooi- en Merkenbureau M.F.J. Bockstael - Bureau des Brevets et des Marques M.F.J. Bockstael, BAM BORMET, V.B.I., I.DEEDS, Theo Coertjens International, SUNDAY GROUP, Robur Capital, Oengerengoeste +11 more
since 2022 · until 2028
since 2022 · until 2028
Director · represented by Peter Caset
Also active at: GHENT DREDGING, V.B.I., Theo Coertjens International, ANNA PAULOWNA, Robur Capital, Steenoven Development Fund, Oengerengoeste, 4 Makers +16 more
since 2022 · until 2028
Director · represented by Stefan Talpe
Also active at: SEGAERT AFSLUITINGEN, NOUVEAUX ETABLISSEMENTS BOLOGNE, METAFAN, LAKKERIJ VANDERMAESEN, KOPAL, A.E.V. AFSLUITINGEN, VAN KERCKHOVEN DRAADHANDEL, B.R.T. +6 more
since 2022 · until 2028
Shareholders
Participations
Picot
95%
Picoteam
38.8%
Establishments
Establishment units
Physical locations of this company
Groenedreef 1 box 1
8880 Ledegem
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 →Stella same network
€ 397,976 gross margin · 2025
V.B.I. same network
€ -7,609 gross margin · 2025
Robur Capital same network
€ 505,778 revenue · 2025
WICKERMANN same network
€ 469,230 gross margin · 2025
Waterfields Brewery same network
€ -29,875 gross margin · 2025
+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
- 0677.778.689
- VAT number
- BE 0677.778.689
- Registered office
- Groenedreef 1 bus 1, 8880 Ledegem
- Names & denominations
- STACHEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2017
- Peppol
- Active · Active since 23 Sept 2025
- Activities · NACE
Activiteiten van hoofdkantoren