Financials
Financial year 2025
Substance Europe from Pelt, company number BE0778738071, closed financial year 2025 with a result of € 944,827 after tax. For that financial year Substance Europe recorded a gross margin of € 1.4 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 1.5 million to € 944,827. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 23, 2026.
€ 2.9 million
▲ 48% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 944,827
▼ 35% vs 2024
Profit after tax over the fiscal year.
€ 576,758
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.9 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 52,187
▲ 5% vs 2024
€ 52,200 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.
€ 2,436
▼ 57% 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.
€ 651,098
▲ 254% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 343,688
▼ 29% 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 | € -97,426 | € 824,889 | € 1,998,862 | € 1,353,287 | ▼ 32% |
| Profit after taxes | € -111,966 | € 604,808 | € 1,452,956 | € 944,827 | ▼ 35% |
| Equity | € -86,966 | € 517,842 | € 1,970,798 | € 2,915,625 | ▲ 48% |
| Total debts | € 698,006 | € 525,894 | € 861,526 | € 994,786 | ▲ 15% |
| Cash | € 173,049 | € 433,482 | € 1,532,138 | € 576,758 | ▼ 62% |
| Retained profit | € -111,966 | € 492,842 | € 1,945,798 | € 2,890,625 | ▲ 49% |
| Balance sheet total | € 611,040 | € 1,043,736 | € 2,832,324 | € 3,910,412 | ▲ 38% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
By gross margin, Substance Europe ranks 3rd of 15 companies with main activity “Groothandel in andere intermediaire producten, neg” in Limburg that publish figures (fiscal year 2025).
Key figures of Substance Europe, 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.
Ask about Substance Europe the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Substance Europe?
What happened at Substance Europe in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 944,827 (▼ 35% vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Pelt. KBO
- Martin Downer became a director. NBB
In short
From € 111,966 loss in 2022 to € 944,827 profit in 2025.
Paid € 972,617 in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
On average € 1.4 million of value added per employee in 2025.
Management
Behind Substance Europe is Martin Downer. Martin Downer is also behind MD2 DISTRIBUTION.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Lodewijk De Raetlaan 12A
3900 Pelt
Lodewijk De Raetlaan 12 box A
3900 Pelt
Active since 16 December 2021
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.
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Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
Domain
Domain
substance-europe.com
Registered
2010-10-03
Registrar
123-Reg Limited
Expires
2030-10-03
Website info
Features
Security
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- DOWNER Martin Clive(oprichter) 100%
Details
- Company number
- 0778.738.071
- VAT number
- BE 0778.738.071
- Registered office
- Lodewijk De Raetlaan 12A, 3900 Pelt
- Names & denominations
- Substance Europe
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 2021
- Peppol
- Active · Active since 18 Jun 2025
- Activities · NACE
Groothandel in andere intermediaire producten, neg
Overige activiteiten op het gebied van drukwerk
Groothandel in andere intermediaire producten, n.e.g.
Handelsbemiddeling in de groothandel in andere specifieke goederen
Overige niet-gespecialiseerde detailhandel
Overige detailhandel in nieuwe artikelen neg
Detailhandel via postorderbedrijven of via internet