Financials
Financial year 2025
het Bolwerk from Edegem, company number BE0695932933, closed financial year 2025 with a result of € -955 after tax. For that financial year het Bolwerk recorded a gross margin of € 89,902 and equity of € 123,634. Compared with financial year 2024, the result moved from € 608 to € -955. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 123,634
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -955
▼ still € 608 profit in 2024
Profit after tax over the fiscal year.
€ 89,052
▲ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 99,634.
People and assets in 2025
€ 65,270
▲ 10% 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.
€ 7,931
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7,002
▲ 108% vs 2024
€ 2,567 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 71,246
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,204
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 85,297 | € 142,314 | € 93,955 | € 89,902 | ▼ 4% |
| Profit after taxes | € 41,668 | € 53,717 | € 608 | € -955 | ▼ € 1,563 |
| Equity | € 104,780 | € 158,497 | € 124,590 | € 123,634 | ▼ 1% |
| Total debts | € 112,047 | € 136,462 | € 145,651 | € 136,834 | ▼ 6% |
| Cash | € 44,058 | € 98,627 | € 67,989 | € 89,052 | ▲ 31% |
| Retained profit | € 80,780 | € 134,497 | € 100,590 | € 99,634 | ▼ 1% |
| Dividend | € 0 | € 0 | € 34,515 | € 0 | ▼ 100% |
| Bank debt | € 41,458 | € 9,634 | € 3,374 | € 7,002 | ▲ 108% |
| Balance sheet total | € 216,827 | € 294,958 | € 270,241 | € 260,468 | ▼ 4% |
Key figures of het Bolwerk, 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 het Bolwerk?
What happened at het Bolwerk in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 955 (▼ € 1,563 vs 2024). Source: NBB ↗
- Sarah Hoex became a director. NBB
- New establishment in Edegem. KBO
- Philippe Carlo Michiels became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 41,668 profit in 2022 to € 955 loss in 2025.
Paid € 40,880 in corporate taxes since 2022.
Best year ever: 2023, with € 53,717 profit.
Paid out € 34,515 in dividends to the owners in total.
Management
Behind het Bolwerk are Philippe Carlo Michiels and Sarah Hoex. Sarah Hoex is also behind THRUST.
Directors
According to the 2025 annual accounts
Philippe Carlo Michiels
Director
since 2018
since 2023
Establishments
Establishment units
Physical locations of this company
Vestinglaan 55
2650 Edegem
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
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0695.932.933
- VAT number
- BE 0695.932.933
- Registered office
- Vestinglaan 55, 2650 Edegem
- Names & denominations
- het Bolwerk
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 May 2018
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- blwrk.be
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