Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
De Bolster from Zwalm, company number BE0861680989, closed financial year 2025 with a result of € 656,643 after tax. For that financial year De Bolster recorded revenue of € 3.7 million and equity of € 20.4 million. Compared with financial year 2024, the result moved from € 586,838 to € 656,643. 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 June 29, 2026.
€ 20.4 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 656,643
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▲ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
308.6
▲ 13.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 23.9 million
▲ 9% vs 2024
€ 77,400 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.
€ 1 million
▼ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.7 million
▼ 10% vs 2024
€ 305,263 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 952,064
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 4.2 million
▲ 71% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,917,155 | € 3,413,611 | € 3,502,715 | € 3,737,057 | ▲ 7% |
| Profit after taxes | € 677,901 | € 313,141 | € 586,838 | € 656,643 | ▲ 12% |
| Equity | € 19,263,766 | € 19,434,153 | € 19,890,247 | € 20,423,532 | ▲ 3% |
| Total debts | € 7,021,410 | € 8,598,643 | € 6,730,390 | € 8,098,522 | ▲ 20% |
| Cash | € 1,668,236 | € 6,035,679 | € 1,302,068 | € 1,451,879 | ▲ 12% |
| Land & buildings | € 14,111,013 | € 13,765,807 | € 14,691,630 | € 15,107,708 | ▲ 3% |
| Retained profit | € 16,275,447 | € 16,588,587 | € 17,175,426 | € 17,832,068 | ▲ 4% |
| Bank debt | € 3,637,719 | € 3,332,456 | € 3,027,193 | € 2,721,930 | ▼ 10% |
| Balance sheet total | € 26,285,176 | € 28,032,796 | € 26,620,637 | € 28,522,055 | ▲ 7% |
| Employees (FTE) | 276.4 | 293.1 | 295.2 | 308.6 | ▲ 13.4 |
Key figures of De Bolster, 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 De Bolster?
What happened at De Bolster in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hilde Gordts stepped down as director. NBB
- Christine Vander Massen stepped down as director. NBB
- Melissa Billau stepped down as director. NBB
- Johan Veeckman stepped down as director. NBB
- Hans 't Kindt stepped down as director. NBB
- Dirk Portier stepped down as director. NBB
- Dirk Steuperaert stepped down as director. NBB
- Paul Vande Walle stepped down as director. NBB
In short
From € 677,901 profit in 2022 to € 656,643 profit in 2025.
Best year ever: 2022, with € 677,901 profit.
Pays suppliers within 100 days on average.
Management
Directors
According to the 2025 annual accounts
Hilde Gordts
Director
since 2025 · until 2028
Christine Vander Massen
Director
since 2025 · until 2028
Melissa Billau
Director
since 2025 · until 2028
Johan Veeckman
Chairman of the board
since 2025 · until 2028
since 2025 · until 2028
Dirk Portier
Director
since 2025 · until 2028
Dirk Steuperaert
Director
since 2025 · until 2028
Paul Vande Walle
Vice-chairman of the board
since 2025 · until 2028
Guy Taerwe
Director
since 2025 · until 2028
Establishments
Establishment units
Physical locations of this company
Kasteeldreef(Beerl) 2
9630 Zwalm
Kerkstraat 2
9690 Kluisbergen
Active since 12 December 1974
Oscar Delghuststraat 64
9600 Ronse
Active since 12 December 1974
Stationsstraat 3
9690 Kluisbergen
Active since 7 March 2006
Kasteeldreef(Meil) 2
9630 Zwalm
Active since 1 January 2005
Kloosterstraat 30
9550 Herzele
Active since 1 January 2005
Middelwijk 12
9890 Gavere
Active since 1 January 2005
Kruishoutemsesteenweg 93-95
9750 Kruisem
Active since 1 January 2005
Middelwijk 16
9890 Gavere
Active since 16 April 2007
Kloosterstraat 31
9690 Kluisbergen
Active since 1 January 2008
Everbeekplaats 4
9660 Brakel
Active since 1 January 2023
Oudenaardebaan 6
9690 Kluisbergen
Active since 1 December 2022
Zuster Angelalaan 1
9620 Zottegem
Active since 1 January 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0861.680.989
- VAT number
- BE 0861.680.989
- Registered office
- Kasteeldreef(Beerl) 2, 9630 Zwalm
- Names & denominations
- De Bolster
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 17 November 2003
- Peppol
- Active · Active since 4 Sept 2025
- Activities · NACE
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