Financials
Financial year 2025
IT's Vulsteke from Gent, company number BE0753719197, closed financial year 2025 with a result of € -87,024 after tax. For that financial year IT's Vulsteke recorded a gross margin of € 190,448 and equity of € 60,559. Compared with financial year 2024, the result moved from € 28,377 to € -87,024. The company made a loss. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 23, 2026.
€ 60,559
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -87,024
▼ still € 28,377 profit in 2024
Profit after tax over the fiscal year.
€ 55,658
▲ 30% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 50,559.
People and assets in 2025
€ 270,016
▲ 235% 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.
€ 1,526
▼ 78% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 298,287
▲ 160% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66,724
▲ 71% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 47,484 | € 34,392 | € 127,721 | € 190,448 | ▲ 49% |
| Profit after taxes | € 32,116 | € 20,510 | € 28,377 | € -87,024 | ▼ € 115,401 |
| Equity | € 98,695 | € 119,205 | € 147,583 | € 60,559 | ▼ 59% |
| Total debts | € 18,438 | € 21,865 | € 160,649 | € 371,722 | ▲ 131% |
| Cash | € 13,387 | € 49,060 | € 42,774 | € 55,658 | ▲ 30% |
| Retained profit | € 88,695 | € 109,205 | € 137,583 | € 50,559 | ▼ 63% |
| Bank debt | € 3,802 | € 1,155 | € 0 | € 0 | |
| Balance sheet total | € 117,133 | € 141,070 | € 308,231 | € 432,281 | ▲ 40% |
Key figures of IT's Vulsteke, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to IT's Vulsteke?
What happened at IT's Vulsteke in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 87,024 (▼ € 115,401 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,116 profit in 2022 to € 87,024 loss in 2025.
Paid € 30,808 in corporate taxes since 2022.
Best year ever: 2022, with € 32,116 profit.
Management
Behind IT's Vulsteke is Axel Vulsteke. Axel Vulsteke is also behind Growing pAI.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Spellewerkstraat 97
9030 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0753.719.197
- VAT number
- BE 0753.719.197
- Registered office
- Spellewerkstraat 97, 9030 Gent
- Names & denominations
- IT's Vulsteke
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 September 2020
- Peppol
- Active · Active since 19 Oct 2025
- Activities · NACE
Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
Computerconsultancy-activiteiten
Schilderen van gebouwen
Algemene bouw van residentiële gebouwen
Algemene elektrotechnische installatiewerken