Financials
Financial year 2025
Underwood from Menen, company number BE0743596852, closed financial year 2025 with a result of € 124,558 after tax. For that financial year Underwood recorded a gross margin of € 215,413 and equity of € 187,917. Compared with financial year 2024, the result moved from € 51,869 to € 124,558. 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 August 31, 2026.
€ 187,917
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 124,558
▲ 140% vs 2024
Profit after tax over the fiscal year.
€ 131,429
▲ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 88,197 paid out
71 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 8,062
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4,933
▼ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 218,707
▼ 9% vs 2024
€ 23,351 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 8,807
▲ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 37,089
▲ 112% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 79,738 | € 34,144 | € 97,287 | € 215,413 | ▲ 121% |
| Profit after taxes | € 31,638 | € 4,689 | € 51,869 | € 124,558 | ▲ 140% |
| Equity | € 94,997 | € 99,686 | € 151,555 | € 187,917 | ▲ 24% |
| Total debts | € 312,168 | € 284,025 | € 356,692 | € 392,205 | ▲ 10% |
| Cash | € 129,262 | € 41,997 | € 68,405 | € 131,429 | ▲ 92% |
| Land & buildings | € 248,834 | € 318,846 | € 402,488 | € 401,752 | |
| Retained profit | € 93,497 | € 98,186 | € 150,055 | € 186,417 | ▲ 24% |
| Dividend | € 0 | € 0 | € 0 | € 88,197 | |
| Bank debt | € 200,000 | € 179,855 | € 241,202 | € 218,707 | ▼ 9% |
| Balance sheet total | € 407,165 | € 383,710 | € 508,247 | € 580,121 | ▲ 14% |
Key figures of Underwood, 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 Underwood?
What happened at Underwood in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 124,558 (▲ 140% vs 2024). filed late Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,638 profit in 2022 to € 124,558 profit in 2025.
Paid € 65,909 in corporate taxes since 2022.
Best year ever: 2025, with € 124,558 profit.
Paid out € 88,197 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Underwood are Tom Ghiesmans and Fien Decaluwe.
Directors
According to the 2025 annual accounts
Tom Ghiesmans
Director
Fien Decaluwe
Director
Establishments
Establishment units
Physical locations of this company
Kloosterhoek 78
8930 Menen
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
- 0743.596.852
- VAT number
- BE 0743.596.852
- Registered office
- Kloosterhoek 78, 8930 Menen
- Names & denominations
- Underwood
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 2020
- Peppol
- Active · Active since 6 Dec 2023
- Activities · NACE
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