Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
4S&M from Gistel, company number BE0700370979, closed financial year 2025 with a result of € 39,875 after tax. For that financial year 4S&M recorded a gross margin of € 77,401 and equity of € 18,550. Compared with financial year 2024, the result moved from € 16,114 to € 39,875. Profitable, and profit is growing. The buffer shrank hard: equity is 86 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 18,550
▼ 86% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 39,875
▲ 147% vs 2024
Profit after tax over the fiscal year.
€ 81,427
▲ 160% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 152,823 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 50,282
▼ 32% vs 2024
Of which on lease € 22,271.
Debts at end 2025
€ 15,818
▼ 44% vs 2024
€ 12,628 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 3,061
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,987
▲ 289% 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 | € 145,131 | € 121,975 | € 51,707 | € 77,401 | ▲ 50% |
| Profit after taxes | € 101,968 | € 79,219 | € 16,114 | € 39,875 | ▲ 147% |
| Equity | € 126,165 | € 115,384 | € 131,498 | € 18,550 | ▼ 86% |
| Total debts | € 149,367 | € 195,000 | € 130,307 | € 228,956 | ▲ 76% |
| Cash | € 80,085 | € 30,038 | € 31,259 | € 81,427 | ▲ 160% |
| Retained profit | € 107,615 | € 96,834 | € 112,948 | € 0 | ▼ 100% |
| Dividend | € 160,000 | € 90,000 | € 0 | € 152,823 | |
| Bank debt | € 0 | € 40,458 | € 28,239 | € 15,818 | ▼ 44% |
| Balance sheet total | € 275,532 | € 310,384 | € 261,805 | € 247,506 | ▼ 5% |
Key figures of 4S&M, 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 4S&M?
What happened at 4S&M in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 39,875 (▲ 147% vs 2024). Source: NBB ↗
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 101,968 profit in 2022 to € 39,875 profit in 2025.
Paid € 69,262 in corporate taxes since 2022.
Best year ever: 2022, with € 101,968 profit.
Paid out € 402,823 in dividends to the owners in total.
Management
Behind 4S&M are Marianne Schutyser and Joeri Soete. Joeri Soete is also behind DS74.
Directors
According to the 2025 annual accounts
Marianne Schutyser
Director
Establishments
Establishment units
Physical locations of this company
Heyvaertlaan 4
8470 Gistel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0700.370.979
- VAT number
- BE 0700.370.979
- Registered office
- Heyvaertlaan 4, 8470 Gistel
- Names & denominations
- 4S&M
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2018
- Peppol
- Active · Active since 24 Nov 2023
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