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 45 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
STIJN RAES from Sint-Martens-Latem, company number BE0893296853, closed financial year 2026 with a result of € 188,756 after tax. For that financial year STIJN RAES recorded a gross margin of € 438,608 and equity of € 628,069. Compared with financial year 2025, the result moved from € 153,494 to € 188,756. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ 628,069
▲ 43% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 188,756
▲ 23% vs 2025
Profit after tax over the fiscal year.
€ 85,195
▲ 25% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 620,469.
People and assets in 2026
€ 1.6 million
▼ 6% vs 2025
Of which on lease € 1.6 million.
Debts at end 2026
€ 1.3 million
▼ 9% vs 2025
€ 143,546 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 61,154
▼ 24% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 28,212
▲ 23% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 195,194 | € 165,220 | € 387,305 | € 438,608 | ▲ 13% |
| Profit after taxes | € 32,598 | € 8,386 | € 153,494 | € 188,756 | ▲ 23% |
| Equity | € 390,177 | € 285,820 | € 439,314 | € 628,069 | ▲ 43% |
| Total debts | € 1,927,552 | € 1,773,615 | € 1,673,592 | € 1,522,453 | ▼ 9% |
| Cash | € 265,236 | € 75,086 | € 68,145 | € 85,195 | ▲ 25% |
| Land & buildings | € 64,396 | € 61,034 | € 57,322 | € 53,960 | ▼ 6% |
| Retained profit | € 382,577 | € 278,220 | € 431,714 | € 620,469 | ▲ 44% |
| Dividend | € 0 | € 112,743 | € 0 | € 0 | |
| Bank debt | € 1,760,097 | € 1,625,187 | € 1,487,458 | € 1,346,850 | ▼ 9% |
| Balance sheet total | € 2,328,680 | € 2,070,387 | € 2,123,857 | € 2,161,474 | ▲ 2% |
Key figures of STIJN RAES, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to STIJN RAES?
What happened at STIJN RAES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 188,756 (▲ 23% vs 2025). Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Sint-Martens-Latem. KBO
- Stijn Raes became a director. NBB
In short
From € 32,598 profit in 2023 to € 188,756 profit in 2026.
Paid € 211,228 in corporate taxes since 2023.
Best year ever: 2026, with € 188,756 profit.
Paid out € 112,743 in dividends to the owners in total.
Management
Behind STIJN RAES is Stijn Raes. Stijn Raes is also behind MCXLVII and RAES & VAN HAMME, GEASSOCIEERDE NOTARISSEN.
Directors
According to the 2026 annual accounts
since 2007
Establishments
Establishment units
Physical locations of this company
Muldersdreef 21
9831 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Stijn RAES(oprichter) 99%
- DIRK RAES(oprichter) 1%
Details
- Company number
- 0893.296.853
- VAT number
- BE 0893.296.853
- Registered office
- Muldersdreef 21, 9831 Sint-Martens-Latem
- Names & denominations
- STIJN RAES · SR · Stijn Raes
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 November 2007
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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