Financials
Financial year 2024
Substance Europe from Pelt, company number BE0778738071, closed financial year 2024 with a result of € 1.5 million after tax. For that financial year Substance Europe recorded a gross margin of € 2 million and equity of € 2 million. Compared with financial year 2023, the result moved from € 604,808 to € 1.5 million. Profitable, and profit is growing. 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 September 30, 2025.
€ 2 million
▲ 281% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 140% vs 2023
Profit after tax over the fiscal year.
€ 1.5 million
▲ 253% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1.9 million.
People and assets in 2024
1
Average over the fiscal year, from the social balance sheet.
€ 49,637
▲ 10% vs 2023
€ 49,600 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.
€ 5,673
▼ 50% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 183,710
▲ € 169,016 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 487,421
▲ 202% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € -97,426 | € 824,889 | € 1,998,862 | ▲ 142% |
| Profit after taxes | € -111,966 | € 604,808 | € 1,452,956 | ▲ 140% |
| Equity | € -86,966 | € 517,842 | € 1,970,798 | ▲ 281% |
| Total debts | € 698,006 | € 525,894 | € 861,526 | ▲ 64% |
| Cash | € 173,049 | € 433,482 | € 1,532,138 | ▲ 253% |
| Retained profit | € -111,966 | € 492,842 | € 1,945,798 | ▲ 295% |
| Balance sheet total | € 611,040 | € 1,043,736 | € 2,832,324 | ▲ 171% |
| Employees (FTE) | 1 | 1 | 1 |
Key figures of Substance Europe, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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 2024: profit of € 1.5 million (▲ 140% vs 2023). filed late Source: NBB ↗
- New establishment in Pelt. KBO
- Start of the company according to the CBE. KBO
In short
From € 111,966 loss in 2022 to € 1.5 million profit in 2024.
Paid € 634,050 in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
On average € 2 million of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
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.
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
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
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Detailhandel via postorderbedrijven of via internet