Financials
Financial year 2025
BULLISH from Gent, company number BE0763941514, closed financial year 2025 with a result of € 118,062 after tax. For that financial year BULLISH recorded a gross margin of € 189,207 and equity of € 6,062. Compared with financial year 2024, the result moved from € 158,565 to € 118,062. The company is profitable. The buffer shrank hard: equity is 96 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 6,062
▼ 96% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 118,062
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 334,124
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 273,565 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 9,287
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 71,236
▲ € 61,344 vs 2024
€ 2,614 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 1,380
▲ 100% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,419
▼ 69% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 195,564 | € 191,464 | € 186,393 | € 189,207 | ▲ 2% |
| Profit after taxes | € 143,018 | € 140,194 | € 158,565 | € 118,062 | ▼ 26% |
| Equity | € 233,257 | € 373,451 | € 161,565 | € 6,062 | ▼ 96% |
| Total debts | € 106,719 | € 118,081 | € 305,634 | € 531,684 | ▲ 74% |
| Cash | € 140,694 | € 283,542 | € 344,213 | € 334,124 | ▼ 3% |
| Land & buildings | - | - | - | € 70,756 | |
| Retained profit | € 230,257 | € 370,451 | € 158,565 | € 3,062 | ▼ 98% |
| Dividend | € 800 | € 0 | € 370,451 | € 273,565 | ▼ 26% |
| Bank debt | € 29,315 | € 19,664 | € 9,893 | € 71,236 | ▲ € 61,344 |
| Balance sheet total | € 339,976 | € 491,532 | € 467,199 | € 537,747 | ▲ 15% |
Key figures of BULLISH, 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 BULLISH?
What happened at BULLISH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 118,062 (▼ 26% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Michiel Vermeersch became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 143,018 profit in 2022 to € 118,062 profit in 2025.
Paid € 175,610 in corporate taxes since 2022.
Best year ever: 2024, with € 158,565 profit.
Paid out € 644,816 in dividends to the owners in total.
Management
Behind BULLISH is Michiel Vermeersch.
Directors
According to the 2025 annual accounts
Michiel Vermeersch
Bestuurder
since 2021
Establishments
Establishment units
Physical locations of this company
Broekkantstraat 40
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0763.941.514
- VAT number
- BE 0763.941.514
- Registered office
- Broekkantstraat 40, 9051 Gent
- Names & denominations
- BULLISH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 2021
- Peppol
- Active · Active since 20 Jun 2025
- Activities · NACE
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