Financials
Financial year 2025
SHB Projects from Tielt, company number BE0747929386, closed financial year 2025 with a result of € -26,686 after tax. For that financial year SHB Projects recorded a gross margin of € 208,591 and equity of € 45,925. Compared with financial year 2024, the result moved from € 1,401 to € -26,686. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 45,925
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26,686
▼ still € 1,401 profit in 2024
Profit after tax over the fiscal year.
€ 6,522
▲ € 6,156 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 35,925.
People and assets in 2025
€ 183,514
▲ 6% 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.
€ 125,979
▼ 16% vs 2024
Of which on lease € 125,979.
Debts at end 2025
€ 170,405
▼ 2% vs 2024
€ 39,889 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 117,628
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,846
▲ 36% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 204,613 | € 198,352 | € 208,943 | € 208,591 | |
| Profit after taxes | € 41,850 | € 23,878 | € 1,401 | € -26,686 | ▼ € 28,087 |
| Equity | € 47,332 | € 71,210 | € 72,611 | € 45,925 | ▼ 37% |
| Total debts | € 222,883 | € 228,085 | € 318,776 | € 361,964 | ▲ 14% |
| Cash | € 2,003 | € 15,622 | € 366 | € 6,522 | ▲ € 6,156 |
| Retained profit | € 37,332 | € 61,210 | € 62,611 | € 35,925 | ▼ 43% |
| Bank debt | € 108,022 | € 95,942 | € 174,773 | € 170,405 | ▼ 2% |
| Balance sheet total | € 270,215 | € 299,295 | € 391,387 | € 407,888 | ▲ 4% |
Key figures of SHB Projects, 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 SHB Projects?
What happened at SHB Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 26,686 (▼ € 28,087 vs 2024). Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 41,850 profit in 2022 to € 26,686 loss in 2025.
Paid € 8,164 in corporate taxes since 2022.
Best year ever: 2022, with € 41,850 profit.
Management
Behind SHB Projects are Wim Hullebusch and Stijn Hullebusch. The same people are also behind EMEX and INTERNATIONAL STONES. Stijn Hullebusch is also behind SHB WORKS and DS Real Estate.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Elbestraat 16
8760 Tielt
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
- 0747.929.386
- VAT number
- BE 0747.929.386
- Registered office
- Elbestraat 16, 8760 Tielt
- Names & denominations
- SHB Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2020
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Schrijnwerk