Financials
Financial year 2025
BRECHT EN PIETER VULSTEKE from Kortemark, company number BE0841797276, closed financial year 2025 with a result of € 606,667 after tax. For that financial year BRECHT EN PIETER VULSTEKE recorded a gross margin of € 1.4 million and equity of € 3 million. Compared with financial year 2024, the result moved from € 878,290 to € 606,667. 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 30, 2025.
€ 3 million
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 606,667
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 83,599
▲ 67% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 119,257 paid out
20 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 859,711
▲ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 93,055
▼ 15% vs 2024
€ 16,667 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 24,136
▼ 34% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 92,984
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 753,399 | € 724,493 | € 1,600,526 | € 1,351,230 | ▼ 16% |
| Profit after taxes | € 263,423 | € 297,674 | € 878,290 | € 606,667 | ▼ 31% |
| Equity | € 1,444,645 | € 1,665,375 | € 2,503,430 | € 2,990,840 | ▲ 19% |
| Total debts | € 692,100 | € 831,866 | € 915,827 | € 1,030,144 | ▲ 12% |
| Cash | € 116,295 | € 190,077 | € 49,992 | € 83,599 | ▲ 67% |
| Land & buildings | € 280,800 | € 265,200 | € 249,600 | € 234,000 | ▼ 6% |
| Retained profit | € 1,404,645 | € 1,625,375 | € 2,463,430 | € 2,950,840 | ▲ 20% |
| Dividend | € 135,488 | € 76,944 | € 40,234 | € 119,257 | ▲ 196% |
| Bank debt | € 144,640 | € 126,389 | € 109,722 | € 93,055 | ▼ 15% |
| Balance sheet total | € 2,150,820 | € 2,510,066 | € 3,436,151 | € 4,036,203 | ▲ 17% |
| Employees (FTE) | 0.8 | - | - | - |
Key figures of BRECHT EN PIETER VULSTEKE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to BRECHT EN PIETER VULSTEKE?
What happened at BRECHT EN PIETER VULSTEKE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 606,667 (▼ 31% vs 2024). Source: NBB ↗
- New establishment in Kortemark. KBO
- Start of the company according to the CBE. KBO
In short
From € 263,423 profit in 2022 to € 606,667 profit in 2025.
Paid € 756,414 in corporate taxes since 2022.
Best year ever: 2024, with € 878,290 profit.
Paid out € 371,924 in dividends to the owners in total.
Management
Behind BRECHT EN PIETER VULSTEKE are Brecht Vulsteke and Pieter Vulsteke.
Directors
According to the 2025 annual accounts
Brecht Vulsteke
Director
Pieter Vulsteke
Director
Establishments
Establishment units
Physical locations of this company
Lauwstraat 1
8610 Kortemark
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
Hosting & Email
Email provider
one.com Mail
Hosting
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Website info
Features
Security
Network
Details
- Company number
- 0841.797.276
- VAT number
- BE 0841.797.276
- Registered office
- Lauwstraat 1, 8610 Kortemark
- Names & denominations
- BRECHT EN PIETER VULSTEKE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2011
- Peppol
- Active · Active since 31 Aug 2023
- Contact
- bpvgrondwerken.be
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