Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 41.7 to 37.2.
Financials
Financial year 2025
Stow Belgium from Spiere-Helkijn, company number BE0875948404, closed financial year 2025 with a result of € 3.1 million after tax. For that financial year Stow Belgium recorded revenue of € 48 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 3.5 million to € 3.1 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 1.6 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.1 million
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 3.2 million
▼ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
37.2
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.6 million
▲ 3% vs 2024
€ 96,900 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.
€ 4,903
▼ 54% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 113,289
▲ 21% vs 2024
Loans from banks and other lenders, long and short.
€ 3.4 million
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 4 million
▲ 66% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 92,270,484 | € 61,879,825 | € 60,177,354 | € 48,033,402 | ▼ 20% |
| Profit after taxes | € 1,731,207 | € 3,651,015 | € 3,514,881 | € 3,132,877 | ▼ 11% |
| Equity | € 3,710,075 | € 3,861,090 | € 1,675,971 | € 1,608,848 | ▼ 4% |
| Total debts | € 26,882,245 | € 24,332,932 | € 18,550,645 | € 12,695,681 | ▼ 32% |
| Cash | € 10,052,170 | € 7,767,012 | € 8,132,607 | € 3,249,714 | ▼ 60% |
| Retained profit | € 2,274,089 | € 2,425,104 | € 239,985 | € 172,863 | ▼ 28% |
| Dividend | € 2,500,000 | € 3,500,000 | € 5,700,000 | € 3,200,000 | ▼ 44% |
| Bank debt | € 0 | € 623,000 | € 93,333 | € 113,289 | ▲ 21% |
| Balance sheet total | € 30,653,458 | € 28,195,015 | € 20,227,933 | € 14,306,394 | ▼ 29% |
| Employees (FTE) | 44 | 41.7 | 37.7 | 37.2 | ▼ 0.5 |
Key figures of Stow Belgium, 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 Stow Belgium?
What happened at Stow Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sven Amerijckx stepped down as director. NBB
- P-MAN BVBA stepped down as director. NBB
- Tom Gysens NV stepped down as director. NBB
- Devuma BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.1 million (▼ 11% vs 2024). Source: NBB ↗
- Sven Amerijckx became a director. NBB
- P-MAN BVBA became a director. NBB
- Tom Gysens NV became a director. NBB
In short
From € 1.7 million profit in 2022 to € 3.1 million profit in 2025.
Paid € 4.7 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.7 million profit.
Paid out € 14.9 million in dividends to the owners in total.
Management
The shares are held by Stow International NV (100%).
Directors
According to the 2025 annual accounts
Sven Amerijckx
Director
since 2025 · until 2030
since 2025 · until 2030
since 2025 · until 2030
Managing director · represented by Jos De Vuyst
Also active at: STOW INTERNATIONAL, REYNAERS ALUMINIUM, Ekopak, STEELCO INVEST, Stow, MOVU
since 2025 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark 6B
8587 Spiere-Helkijn
Jacquetboslaan(D) 10
7711 Mouscron
Active since 1 January 2020
Industriepark 6 box b
8587 Spiere-Helkijn
Active since 1 January 2020
Industriëlaan 55
7700 Mouscron
Active since 1 January 2020
Fabriekstraat 34
3800 Sint-Truiden
Active since 1 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
Mimecast
Hosting
COMBELL-AS, BE
Domain
Domain
stow-group.com
Registered
2004-03-11
Registrar
Combell NV
Expires
2027-03-11
Website info
Features
Security
Network
Details
- Company number
- 0875.948.404
- VAT number
- BE 0875.948.404
- Registered office
- Industriepark 6B, 8587 Spiere-Helkijn
- Names & denominations
- Stow Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 2005
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- stow-group.com +32 56 48 11 11
- Activities · NACE
Vervaardiging van metalen constructiewerken en delen daarvan
Vervaardiging van metalen constructiewerken en onderdelen daarvan
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden