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 47 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
BS SOUTH from Aartselaar, company number BE0746506456, closed financial year 2026 with a result of € 42,253 after tax. For that financial year BS SOUTH recorded a gross margin of € 695,964 and equity of € 92,067. Compared with financial year 2025, the result moved from € 34,218 to € 42,253. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 92,067
▲ 85% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 42,253
▲ 23% vs 2025
Profit after tax over the fiscal year.
€ 96,632
▲ 85% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -7,933.
People and assets in 2026
15.6
▲ 1 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 571,838
▼ 8% vs 2025
€ 36,700 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.
Debts at end 2026
€ 272,724
▼ 23% vs 2025
€ 84,285 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 253,858
▲ 38% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 66,839
▼ 19% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 749,385 | € 737,278 | € 755,131 | € 695,964 | ▼ 8% |
| Profit after taxes | € -51,838 | € 9,942 | € 34,218 | € 42,253 | ▲ 23% |
| Equity | € 5,655 | € 15,597 | € 49,814 | € 92,067 | ▲ 85% |
| Total debts | € 1,016,495 | € 994,109 | € 784,428 | € 768,142 | ▼ 2% |
| Cash | € 41,436 | € 27,410 | € 52,328 | € 96,632 | ▲ 85% |
| Retained profit | € -94,345 | € -84,403 | € -50,186 | € -7,933 | ▲ € 42,253 |
| Bank debt | € 518,400 | € 441,655 | € 354,345 | € 272,724 | ▼ 23% |
| Balance sheet total | € 1,022,150 | € 1,009,706 | € 834,243 | € 860,209 | ▲ 3% |
| Employees (FTE) | 41 | 18.4 | 14.6 | 15.6 | ▲ 1 |
Key figures of BS SOUTH, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to BS SOUTH?
What happened at BS SOUTH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 42,253 (▲ 23% vs 2025). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 51,838 loss in 2023 to € 42,253 profit in 2026.
Paid € 7,259 in corporate taxes since 2023.
Best year ever: 2026, with € 42,253 profit.
On average € 44,600 of value added per employee in 2026.
Management
Behind BS SOUTH are Luc De Laet and Peggy Van Haver. Luc De Laet is also behind Sociale Dienst voor het Bedrijfsleven - Service social des Entreprises, DE LAET-VAN HAVER, BUTCHER’S STORE, DINING DE LAET - VAN HAVER and DL - VH.
Directors
According to the 2026 annual accounts
Luc De Laet
Director
Also active at: Sociale Dienst voor het Bedrijfsleven - Service social des Entreprises, DE LAET-VAN HAVER, BUTCHER’S STORE, DINING DE LAET - VAN HAVER, DL - VH, BUTCHER BRAIN, All 4 Meat
Peggy Van Haver
Director
Establishments
Establishment units
Physical locations of this company
Industrieweg 22
2630 Aartselaar
Museumstraat 13-15
2000 Antwerpen
Active since 24 April 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →DE LAET-VAN HAVER same network
€ 1.6 million gross margin · 2025
BUTCHER’S STORE same network
€ 433,182 gross margin · 2025
DINING DE LAET - VAN HAVER same network
€ 381,311 gross margin · 2025
DL - VH same network
€ 2.4 million gross margin · 2025
BUTCHER BRAIN same network
€ 122,496 gross margin · 2025
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
Self-hosted
Hosting
COMBELL-AS, BE
Domain
Domain
butchersstoresouth.com
Registered
2020-04-09
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-04-09
Website info
Features
Security
Details
- Company number
- 0746.506.456
- VAT number
- BE 0746.506.456
- Registered office
- Industrieweg 22, 2630 Aartselaar
- Names & denominations
- BS SOUTH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2020
- Peppol
- Active · Active since 24 Oct 2025
- Activities · NACE
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