Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 21.1 to 11.5.
Financials
Financial year 2025
Stielmann from Harelbeke, company number BE0689669307, closed financial year 2025 with a result of € 39,502 after tax. For that financial year Stielmann recorded a gross margin of € 771,947 and equity of € 97,002. Compared with financial year 2024, the result moved from € 11,651 to € 39,502. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 97,002
▲ 69% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 39,502
▲ 239% vs 2024
Profit after tax over the fiscal year.
€ 63,274
▲ 43% 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 € 78,402.
People and assets in 2025
11.5
▼ 3.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 703,845
▼ 11% vs 2024
€ 61,200 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.
€ 97,320
▲ € 79,556 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 88,076
▲ 48% vs 2024
€ 62,292 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 79,695
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 31,633
▲ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,165,677 | € 1,040,010 | € 828,914 | € 771,947 | ▼ 7% |
| Profit after taxes | € 15,497 | € -38,108 | € 11,651 | € 39,502 | ▲ 239% |
| Equity | € 83,957 | € 45,849 | € 57,500 | € 97,002 | ▲ 69% |
| Total debts | € 299,542 | € 248,310 | € 171,750 | € 237,929 | ▲ 39% |
| Cash | € 156,437 | € 79,454 | € 44,176 | € 63,274 | ▲ 43% |
| Retained profit | € 65,357 | € 27,249 | € 38,900 | € 78,402 | ▲ 102% |
| Dividend | € 8,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 179,510 | € 112,339 | € 59,636 | € 88,076 | ▲ 48% |
| Balance sheet total | € 383,500 | € 294,159 | € 229,250 | € 334,931 | ▲ 46% |
| Employees (FTE) | 22 | 21.1 | 14.8 | 11.5 | ▼ 3.3 |
Key figures of Stielmann, 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 Stielmann?
What happened at Stielmann in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 39,502 (▲ 239% vs 2024). Source: NBB ↗
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,497 profit in 2022 to € 39,502 profit in 2025.
Paid € 20,001 in corporate taxes since 2022.
Best year ever: 2025, with € 39,502 profit.
On average € 67,100 of value added per employee in 2025.
Management
Behind Stielmann are Niko Roose and Jensi Vercruysse. The same people are also behind TRAP2. Jensi Vercruysse is also behind REALIMMO GROUP WAREGEM, Charlotte Invest and PatJen.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Kleine Waregemsestraat 9
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0689.669.307
- VAT number
- BE 0689.669.307
- Registered office
- Kleine Waregemsestraat 9, 8530 Harelbeke
- Names & denominations
- Stielmann
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2018
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening
Algemene elektrotechnische installatiewerken
Andere vormen van arbeidsbemiddeling