Financials
Financial year 2025
SHUTTLEWORTH EUROPE N.V. from Zulte, company number BE0865025214, closed financial year 2025 with a result of € 577,414 after tax. For that financial year SHUTTLEWORTH EUROPE N.V. recorded revenue of € 9.7 million and equity of € 4.1 million. Compared with financial year 2024, the result moved from € 553,364 to € 577,414. 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 July 17, 2026.
€ 4.1 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 577,414
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 2.4 million
▼ 30% 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 € 2.4 million.
People and assets in 2025
23.2
▲ 5.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 20% vs 2024
€ 104,400 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.
€ 70,813
▲ 1% 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.
€ 912,791
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 51 days on average.
€ 414,654
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,350,750 | € 9,680,229 | € 7,623,468 | € 9,703,378 | ▲ 27% |
| Profit after taxes | € 480,308 | € 1,248,560 | € 553,364 | € 577,414 | ▲ 4% |
| Equity | € 1,724,822 | € 2,973,381 | € 3,526,745 | € 4,104,159 | ▲ 16% |
| Total debts | € 3,746,692 | € 5,893,180 | € 4,788,562 | € 1,608,479 | ▼ 66% |
| Cash | € 3,242,905 | € 6,554,048 | € 3,378,840 | € 2,367,530 | ▼ 30% |
| Retained profit | € 23,490 | € 1,272,050 | € 1,825,413 | € 2,402,827 | ▲ 32% |
| Dividend | € 880,848 | € 0 | € 0 | € 0 | |
| Bank debt | € 1 | € 1 | € 1 | € 0 | ▼ 100% |
| Balance sheet total | € 5,471,632 | € 8,866,679 | € 8,315,307 | € 5,712,638 | ▼ 31% |
| Employees (FTE) | 15.9 | 16.3 | 17.6 | 23.2 | ▲ 5.6 |
Key figures of SHUTTLEWORTH EUROPE N.V., 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 SHUTTLEWORTH EUROPE N.V. 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 SHUTTLEWORTH EUROPE N.V.?
What happened at SHUTTLEWORTH EUROPE N.V. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 577,414 (▲ 4% vs 2024). Source: NBB ↗
- New establishment in Zulte. KBO
- Start of the company according to the CBE. KBO
In short
From € 480,308 profit in 2022 to € 577,414 profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
Paid out € 880,848 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Grote Steenweg 42-44
9870 Zulte
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
Outlook.com (free)
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
shuttleworth.com
Registered
1996-01-10
Registrar
Network Solutions, LLC
Expires
2030-01-09
Website info
Features
Security
Network
Details
- Company number
- 0865.025.214
- VAT number
- BE 0865.025.214
- Registered office
- Grote Steenweg 42-44, 9870 Zulte
- Names & denominations
- SHUTTLEWORTH EUROPE N.V.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 April 2004
- Peppol
- Active · Active since 21 Oct 2026
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