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 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Sustimax from Kluisbergen, company number BE0745702544, closed financial year 2025 with a result of € 130,619 after tax. For that financial year Sustimax recorded a gross margin of € 183,676 and equity of € 90,254. Compared with financial year 2024, the result moved from € 128,263 to € 130,619. Profitable, and profit is growing. The buffer shrank hard: equity is 81 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 4, 2026.
€ 90,254
▼ 81% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 130,619
▲ 2% vs 2024
Profit after tax over the fiscal year.
€ 61,727
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 527,444 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 5,731
▼ 33% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 201,784
▲ 32% vs 2024
€ 60,692 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 406
▲ € 310 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,343
▼ 70% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 162,318 | € 153,694 | € 171,185 | € 183,676 | ▲ 7% |
| Profit after taxes | € 106,261 | € 88,254 | € 128,263 | € 130,619 | ▲ 2% |
| Equity | € 270,562 | € 358,815 | € 487,079 | € 90,254 | ▼ 81% |
| Total debts | € 108,229 | € 293,660 | € 244,511 | € 645,271 | ▲ 164% |
| Cash | € 333,325 | € 65,163 | € 114,361 | € 61,727 | ▼ 46% |
| Retained profit | € 268,562 | € 356,815 | € 485,079 | € 88,254 | ▼ 82% |
| Dividend | € 0 | € 0 | € 0 | € 527,444 | |
| Bank debt | € 29,260 | € 192,655 | € 152,754 | € 201,784 | ▲ 32% |
| Balance sheet total | € 378,790 | € 652,476 | € 731,590 | € 735,525 | ▲ 1% |
Key figures of Sustimax, 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 Sustimax?
What happened at Sustimax in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 130,619 (▲ 2% vs 2024). Source: NBB ↗
- New establishment in Kluisbergen. KBO
- Start of the company according to the CBE. KBO
- BART DHAENE became a director. NBB
In short
From € 106,261 profit in 2022 to € 130,619 profit in 2025.
Paid € 155,492 in corporate taxes since 2022.
Best year ever: 2025, with € 130,619 profit.
Paid out € 527,444 in dividends to the owners in total.
Management
Behind Sustimax is BART DHAENE. BART DHAENE is also behind VYTECH MENEN, VYTECH DUFFEL, IMMAN L4, VYCON and SUBMENTUM.
Directors
According to the 2025 annual accounts
BART DHAENE
Director
Also active at: VYTECH MENEN, VYTECH DUFFEL, IMMAN L4, VYCON, SUBMENTUM, VYTECH GROUP, VYTREE, VYTECH ZELE +1 more
since 2020
Establishments
Establishment units
Physical locations of this company
Poletsestraat 72
9690 Kluisbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0745.702.544
- VAT number
- BE 0745.702.544
- Registered office
- Poletsestraat 72, 9690 Kluisbergen
- Names & denominations
- Sustimax
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2020
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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