Financials
Financial year 2025
SHB WORKS from Tielt, company number BE0764545189, closed financial year 2025 with a result of € 26,765 after tax. For that financial year SHB WORKS recorded a gross margin of € 40,299 and equity of € 62,546. Compared with financial year 2024, the result moved from € 23,837 to € 26,765. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 62,546
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,765
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 12,543
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 40,000
Loans from banks and other lenders, long and short.
€ 3,209
▲ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,933
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,849 | € 25,171 | € 33,316 | € 40,299 | ▲ 21% |
| Profit after taxes | € 14,285 | € 17,882 | € 23,837 | € 26,765 | ▲ 12% |
| Equity | € 44,063 | € 61,945 | € 85,782 | € 62,546 | ▼ 27% |
| Total debts | € 22,023 | € 23,847 | € 14,061 | € 115,071 | ▲ € 101,009 |
| Cash | € 36,392 | € 44,250 | € 41,294 | € 12,543 | ▼ 70% |
| Retained profit | € 42,563 | € 60,445 | € 84,282 | € 61,046 | ▼ 28% |
| Dividend | € 0 | € 0 | € 0 | € 50,000 | |
| Bank debt | € 0 | € 0 | € 0 | € 40,000 | |
| Balance sheet total | € 66,086 | € 85,792 | € 99,843 | € 177,617 | ▲ 78% |
Key figures of SHB WORKS, 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 WORKS?
What happened at SHB WORKS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 26,765 (▲ 12% vs 2024). Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,285 profit in 2022 to € 26,765 profit in 2025.
Paid € 32,379 in corporate taxes since 2022.
Best year ever: 2025, with € 26,765 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
Behind SHB WORKS is Stijn Hullebusch. It owns 50% of DS Real Estate itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Maeneghemstraat 2
8760 Tielt
Natiënlaan 201
8300 Knokke-Heist
Active since 2 March 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0764.545.189
- VAT number
- BE 0764.545.189
- Registered office
- Maeneghemstraat 2, 8760 Tielt
- Names & denominations
- SHB WORKS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 2021
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
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