Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
38 from Houthalen-Helchteren, company number BE0885007610, closed financial year 2025 with a result of € 2,538 after tax. For that financial year 38 recorded a gross margin of € 21,233 and equity of € -26,810. Compared with financial year 2024, the result moved from € 15,619 to € 2,538. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -26,810
▲ € 2,538 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,538
▼ 84% vs 2024
Profit after tax over the fiscal year.
€ 660
▼ 87% 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 € -53,210.
Debts at end 2025
€ 68,948
▼ 13% vs 2024
€ 8,611 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 2,228
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,139
▼ 29% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,591 | € 12,593 | € 32,662 | € 21,233 | ▼ 35% |
| Profit after taxes | € -2,985 | € -5,430 | € 15,619 | € 2,538 | ▼ 84% |
| Equity | € -39,536 | € -44,966 | € -29,348 | € -26,810 | ▲ € 2,538 |
| Total debts | € 140,724 | € 124,753 | € 100,418 | € 78,507 | ▼ 22% |
| Cash | € 6,003 | € 975 | € 5,194 | € 660 | ▼ 87% |
| Land & buildings | € 78,725 | € 68,006 | € 57,298 | € 46,730 | ▼ 18% |
| Retained profit | € -65,936 | € -71,366 | € -55,748 | € -53,210 | ▲ € 2,538 |
| Bank debt | € 105,725 | € 92,271 | € 79,562 | € 68,948 | ▼ 13% |
| Balance sheet total | € 101,188 | € 79,786 | € 71,070 | € 51,697 | ▼ 27% |
Key figures of 38, 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 38?
What happened at 38 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,538 (▼ 84% vs 2024). filed late Source: NBB ↗
- New establishment in Houthalen-Helchteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,985 loss in 2022 to € 2,538 profit in 2025.
Paid € 4 in corporate taxes since 2022.
Best year ever: 2024, with € 15,619 profit.
Management
Behind 38 are Ahmet Yorulmaz and Mehmet Yorulmaz.
Directors
According to the 2025 annual accounts
Ahmet Yorulmaz
Director
Mehmet Yorulmaz
Director
Establishments
Establishment units
Physical locations of this company
Rode Kruislaan 9
3530 Houthalen-Helchteren
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
ONECOM, DK
Domain
Domain
38style.com
Registered
2010-12-20
Registrar
One.com A/S
Expires
2026-12-20
Website info
Features
Security
Network
Details
- Company number
- 0885.007.610
- VAT number
- BE 0885.007.610
- Registered office
- Rode Kruislaan 9, 3530 Houthalen-Helchteren
- Names & denominations
- 38
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 2006
- Peppol
- Active · Active since 22 Feb 2026
- Contact
- 38style.com [email protected]
- Activities · NACE
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