ACTIVE

STUYTS

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Financial year 2025 · closed on 31/12/2025

Net result

135,9 k €

+170.3% YoY

Gross margin

2,4 M €

+9.1% YoY

Equity

1,5 M €

+10.0% YoY

Workforce

26,0 ETP

+3.6% YoY

What does STUYTS do?

STUYTS is a Public limited company incorporated in 1971. Its registered office is in Zoersel. It employs on average 26,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0411.927.821

Incorporation

29/12/1971

Legal form

Public limited company

Registered office

Heideweg 39
2980 Zoersel · FlandreSee on map

Contributed capital

75 000,00 €

Latest accounts

31/12/2025

Average workforce

26,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
Gross margin	2,4 M €	+9.1%	2,2 M €	-7.4%	2,4 M €	+16.9%	2,1 M €	+4.5%	2 M €	-8.0%	2,1 M €	+12.6%	1,9 M €	+8.7%	1,7 M €	-15.0%	2,1 M €	+19.2%	1,7 M €		–		–		–		–		–		–		1 M €
EBITDA	454,8 k €	+20.4%	377,8 k €	-25.8%	509,2 k €	+228%	155,2 k €	+1.6%	152,7 k €	-68.5%	484,4 k €	+84.9%	262 k €	+17.6%	222,8 k €	-57.4%	522,9 k €	+198%	175,7 k €	-45.3%	321,4 k €	+118%	147,4 k €	-70.2%	495,4 k €	+192%	169,5 k €	-11.5%	191,5 k €	+42.8%	134,1 k €	-14.5%	156,9 k €
Operating result	233,7 k €	+40.2%	166,7 k €	-45.0%	303,2 k €	+477%	52,6 k €	-20.0%	65,7 k €	-82.2%	368,3 k €	+157%	143,6 k €	+23.1%	116,6 k €	-71.0%	401,9 k €	+750%	47,3 k €	-78.3%	218,2 k €	+424%	41,6 k €	-88.8%	372,9 k €	+589%	54,1 k €	-10.3%	60,3 k €	+246%	17,4 k €	-65.2%	50,1 k €
Net result	135,9 k €	+170%	50,3 k €	-64.9%	143,3 k €	+328%	33,5 k €	-19.7%	41,7 k €	-84.5%	268,6 k €	+184%	94,7 k €	+18.4%	79,9 k €	-68.9%	256,6 k €	+714%	31,5 k €	-78.3%	145,4 k €	+425%	27,7 k €	-88.6%	243,4 k €	+654%	32,3 k €	-31.4%	47,1 k €	+513%	7,7 k €	-80.1%	38,5 k €
Balance sheet
Equity	1,5 M €	+10.0%	1,4 M €	+3.8%	1,3 M €	+12.3%	1,2 M €	+3.0%	1,1 M €	+3.8%	1,1 M €	-17.5%	1,3 M €	+7.7%	1,2 M €	+7.0%	1,1 M €	+28.8%	891 k €	+3.7%	859,4 k €	+20.4%	714 k €	+4.0%	686,3 k €	+55.0%	442,9 k €	+7.9%	410,6 k €	+12.9%	363,5 k €	+5.8%	343,5 k €
Total assets	4 M €	-7.5%	4,3 M €	-16.4%	5,1 M €	+42.7%	3,6 M €	+25.4%	2,9 M €	+9.9%	2,6 M €	-1.8%	2,7 M €	+9.9%	2,4 M €	+6.9%	2,3 M €	+14.5%	2 M €	+3.6%	1,9 M €	-1.5%	1,9 M €	+11.0%	1,7 M €	+1.5%	1,7 M €	+30.9%	1,3 M €	+7.0%	1,2 M €	-9.4%	1,4 M €
Cash	346,5 k €	+357%	75,8 k €	-16.9%	91,2 k €	+134%	38,9 k €	-33.3%	58,4 k €	-77.2%	256,6 k €	+59.2%	161,2 k €	-21.3%	204,7 k €	+4.0%	196,9 k €	-50.8%	400,1 k €	+74.0%	229,9 k €	+24.6%	184,6 k €	-70.0%	615,4 k €	+55.6%	395,4 k €	+2.3%	386,6 k €	+187%	134,9 k €	-26.9%	184,5 k €
Debts	2,5 M €	-15.6%	2,9 M €	-23.4%	3,8 M €	+57.4%	2,4 M €	+44.2%	1,7 M €	+16.3%	1,4 M €	+12.8%	1,3 M €	+12.7%	1,1 M €	+7.1%	1,1 M €	+2.8%	1 M €	+3.8%	992,7 k €	-18.5%	1,2 M €	+39.0%	876 k €	-19.9%	1,1 M €	+65.5%	660,9 k €	-2.5%	678,1 k €	-18.3%	830,3 k €
Other
Workforce	26,0 ETP	+3.6%	25,1 ETP	-8.1%	27,3 ETP	-7.1%	29,4 ETP	0.0%	29,4 ETP	+1.4%	29,0 ETP	+1.0%	28,7 ETP	+1.8%	28,2 ETP	-4.1%	29,4 ETP	+1.7%	28,9 ETP	-6.5%	30,9 ETP	-0.3%	31,0 ETP	+1.6%	30,5 ETP	+5.2%	29,0 ETP	+17.9%	24,6 ETP	+11.3%	22,1 ETP	-6.0%	23,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Hans Teun Beheer BV

Director · since 03 novembre 2022 · until 05 juin 2028

Represented by Johannes Teuns

Active

M. VERHULST MANAGEMENT

Managing director · since 03 novembre 2022 · until 05 juin 2028 · 0862.749.870

Represented by Maxime Verhulst

Active

Ended mandates

Hans Teuns Beheer BV

Director · since 03 novembre 2022 · until 05 juin 2028

Represented by Johannes Teuns

Ended

PAUL VERHULST BEHEER

Director · since 07 juin 2021 · until 31 mai 2022 · 0896.242.386

Represented by Paul Verhulst

Ended

PAUL VERHULST BEHEER

Director · since 07 juin 2021 · until 07 juin 2022 · 0896.242.386

Represented by Paul Verhulst

Ended

M. VERHULST MANAGEMENT

Managing director · since 08 juin 2020 · until 01 juin 2026 · 0862.749.870

Represented by Maxime Verhulst

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/08/2026	30/06/2025	17/06/2024	29/06/2023	22/06/2022	28/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	12/06/2023	07/06/2022	07/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	24/08/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	29/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	08/06/2020	06/07/2020	Dutch	PDF
Abridged modelCorrection	31/12/2018	03/06/2019	16/10/2019	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	18/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	17/07/2017	Dutch	PDF
Full model	31/12/2015	06/06/2016	06/07/2016	Dutch	PDF
Full model	31/12/2014	03/06/2015	17/07/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	26/07/2013	Dutch	PDF
Full model	31/12/2011	04/06/2012	20/06/2012	Dutch	PDF
Full model	31/12/2010	06/06/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	08/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	31/07/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	30/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	19/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Hans Teun Beheer BV

Director · since 03 novembre 2022 · until 05 juin 2028

Represented by Johannes Teuns

Active

M. VERHULST MANAGEMENT

Managing director · since 03 novembre 2022 · until 05 juin 2028 · 0862.749.870

Represented by Maxime Verhulst

Active

Ended mandates

Hans Teuns Beheer BV

Director · since 03 novembre 2022 · until 05 juin 2028

Represented by Johannes Teuns

Ended

PAUL VERHULST BEHEER

Director · since 07 juin 2021 · until 31 mai 2022 · 0896.242.386

Represented by Paul Verhulst

Ended

PAUL VERHULST BEHEER

Director · since 07 juin 2021 · until 07 juin 2022 · 0896.242.386

Represented by Paul Verhulst

Ended

M. VERHULST MANAGEMENT

Managing director · since 08 juin 2020 · until 01 juin 2026 · 0862.749.870

Represented by Maxime Verhulst

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2022
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/08/2022
KAPITAAL - AANDELEN
PDF
Mandates17/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/11/2016
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025135,9 k €↑
2024
Annual accounts 202450,3 k €↓
2023
Annual accounts 2023143,3 k €↑
2022
Annual accounts 202233,5 k €↓
2021
Annual accounts 202141,7 k €↓
2020
Annual accounts 2020268,6 k €↑
2019
Annual accounts 201994,7 k €↑
2018
Annual accounts 201879,9 k €↓
2017
Annual accounts 2017256,6 k €↑
2016
Annual accounts 201631,5 k €↓
2015
Annual accounts 2015145,4 k €↑
2014
Annual accounts 201427,7 k €↓
2013
Annual accounts 2013243,4 k €↑
2012
Annual accounts 201232,3 k €↓
2011
Annual accounts 201147,1 k €↑
2010
Annual accounts 20107,7 k €↓
2008
Annual accounts 200838,5 k €
29/12/1971
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

STUYTS

Overview

What does STUYTS do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline