KUSTERS

Active Private limited companyfounded 2002active for 24 yearsMastendreef 14, 2970 SchildeKBO/BCE: BE 0477.274.642 #5 company by equity in Schilde, Construction sector

KUSTERS

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 23-09-2026, 54 days late

€803,062

▲ 21.5%

€119,280

▲ €230,573

€118,358

▲ €195,372

€1.7m

▲ 13.5%

91.4%

▲ 3.0 percentage points

11.13

▲ 3.34

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.3m. Estimated: probably between €1.7m and €3.0m.

In the rankings #5 company by equity in Schilde, Construction sector

Balance sheet

balance sheet total €2.0m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

91.4%

Higher than 95% of 9,967 companies in 2025.

11.13

Higher than 95% of 9,830 companies in 2025.

6.0%

Higher than 52% of 9,899 companies in 2025.

KUSTERS Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half

Staff

€80,145

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, 1 person joined and 2 left.

Staff figure correction

2013 The accounts state 981,494 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 16 FTE (source: average staff, item 9087).
2012 The accounts state 695,859 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 16 FTE (source: average staff, item 9087).
2011 The accounts state 732,093 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 15 FTE (source: average staff, item 9087).
2010 The accounts state 716,796 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 15 FTE (source: average staff, item 9087).

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007	2006
Balance sheet: assets
`20/58`	2.0m	1.9m	2.1m	2.1m	1.9m	2.0m	2.1m	1.9m	1.9m	1.9m	4.4m	4.5m	4.1m	3.8m	4.0m	3.0m	1.3m	850,236	637,206
`21/28`	92,266	177,441	216,254	213,355	195,000	169,618	165,312	180,923	94,194	61,685	2.2m	2.3m	2.4m	2.6m	2.4m	1.1m	199,775	106,261	77,342
`21`	-	-	0	622	1,315	3,135	2,251	3,377	4,503	6,340	6,466	3,769	-	-	-	-	-	-	-
`22/27`	92,266	177,441	216,254	212,733	193,685	166,483	163,060	177,546	89,692	55,345	2.2m	2.3m	2.4m	2.6m	2.4m	1.1m	199,775	106,261	77,342
`22`	-	-	-	-	-	-	-	-	-	-	2.1m	2.2m	2.2m	2.3m	2.2m	-	-	-	-
`23`	68,249	104,615	116,943	126,348	86,060	28,781	93,046	138,473	35,834	17,790	46,133	99,881	175,095	226,766	148,001	970,517	101,174	70,103	49,248
`24`	0	43,620	64,915	46,801	62,120	88,049	67,817	36,142	53,858	37,555	28,310	34,158	39,525	62,676	99,042	171,342	98,601	36,158	28,094
`26`	24,018	29,207	34,395	39,584	45,506	49,654	2,198	2,930	-	-	-	-	-	-	-	-	-	-	-
`29/58`	1.9m	1.7m	1.9m	1.9m	1.7m	1.9m	1.9m	1.7m	1.8m	1.8m	2.2m	2.2m	1.7m	1.2m	1.6m	1.9m	1.1m	743,975	559,864
`29`	460,000	460,000	-	-	-	-	-	-	-	-	-	-	47,377	21,622	-	-	-	-	-
`291`	460,000	460,000	-	-	-	-	-	-	-	-	-	-	47,377	21,622	-	-	-	-	-
`3`	0	42,844	44,373	53,402	36,736	34,164	45,333	46,867	42,886	45,704	38,863	46,189	-	-	-	-	-	-	-
`30/36`	0	42,844	44,373	53,402	36,736	34,164	45,333	46,867	42,886	45,704	38,863	46,189	-	-	-	-	-	-	-
`40/41`	1.1m	808,425	819,054	1.1m	1.0m	1.2m	1.3m	1.3m	1.3m	1.4m	1.5m	1.2m	887,570	712,048	463,618	741,571	297,205	273,976	276,099
`40`	564,272	274,611	292,858	410,128	343,156	484,544	472,735	429,308	402,781	396,304	664,235	584,933	818,068	631,886	454,911	625,465	210,439	217,164	213,983
`41`	573,068	533,815	526,196	677,909	659,181	712,293	790,417	877,044	848,543	974,751	788,114	590,614	69,502	80,162	8,707	116,106	86,766	56,812	62,116
`50/53`	180,000	180,000	178,000	-	-	-	-	85,000	85,000	170,000	341,093	340,282	-	-	-	-	-	-	-
`54/58`	79,146	217,490	823,725	714,981	657,713	629,669	568,066	222,978	386,122	219,399	401,580	605,640	754,365	511,710	1.1m	1.1m	780,189	469,999	283,765
`490/1`	24,938	21,492	12,945	13,103	11,487	11,300	11,759	10,410	8,197	544	33	18,947	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	2.0m	1.9m	2.1m	2.1m	1.9m	2.0m	2.1m	1.9m	1.9m	1.9m	4.4m	4.5m	4.1m	3.8m	4.0m	3.0m	1.3m	850,236	637,206
`10/15`	1.8m	1.7m	1.8m	1.6m	1.7m	1.4m	1.6m	1.6m	1.5m	1.4m	1.3m	3.6m	3.5m	3.0m	2.6m	1.9m	1.2m	752,028	487,569
`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,199	6,199	6,199	6,199
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,592	18,592	18,592	18,592
`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,393	12,393	12,393	12,393
`13`	1.8m	1.7m	1.8m	1.6m	1.6m	1.4m	1.6m	1.6m	1.5m	1.4m	1.3m	3.6m	1,893	1,893	1,893	1,893	1,893	1,893	1,893
`130/1`	-	-	0	1,893	1,893	1,893	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,893	1,893	1,893	1,893	1,893	1,893	1,893	1,893	1,893	1,893	1,893	1,893	1,893
`1311`	-	-	0	1,893	1,893	1,893	-	-	-	-	-	-	-	-	-	-	-	-	-
`133`	1.8m	1.7m	1.8m	1.6m	1.6m	1.4m	1.6m	1.6m	1.5m	1.4m	1.3m	3.6m	-	-	-	-	-	-	-
`14`	-	0	0	0	0	-	-	-	-	-	-	-	3.4m	3.0m	2.6m	1.9m	1.2m	743,936	479,477
`17/49`	169,839	222,197	331,844	483,342	251,094	603,743	448,176	281,795	357,656	502,182	3.1m	921,478	677,187	782,180	1.4m	1.1m	84,225	98,208	149,637
`17`	-	-	-	-	-	-	-	0	27,278	133,647	235,755	333,738	455,460	534,990	611,219	784,622	-	-	-
`170/4`	-	-	-	-	-	-	-	0	27,278	133,647	235,755	333,738	455,460	534,990	611,219	784,622	-	-	-
`42/48`	169,089	222,197	331,844	483,342	251,094	603,743	448,176	281,795	330,378	368,535	2.9m	587,741	221,727	247,190	784,408	190,272	84,225	98,208	149,637
`42`	-	-	-	-	-	-	-	27,278	106,369	102,108	97,983	94,093	76,800	76,800	76,800	60,000	-	-	-
`44`	102,704	82,527	144,314	105,027	85,967	108,598	79,600	110,231	69,380	105,827	109,312	150,233	143,004	159,657	321,241	130,272	84,225	98,208	116,637
`440/4`	102,704	82,527	144,314	105,027	85,967	108,598	79,600	110,231	69,380	105,827	109,312	150,233	143,004	159,657	321,241	130,272	84,225	98,208	116,637
`46`	-	-	0	60,647	-	-	-	-	-	-	-	-	-	-	370,901	-	-	-	-
`45`	66,315	83,152	126,863	123,301	109,380	101,279	93,972	141,841	152,119	155,427	615,459	193,415	1,923	10,733	15,466	-	-	-	33,000
`450/3`	13,672	0	30,890	22,865	22,676	21,180	-	51,414	53,053	60,732	518,900	100,329	-	-	12,967	-	-	-	33,000
`454/9`	52,643	83,152	95,973	100,436	86,704	80,099	93,972	90,427	99,066	94,695	96,559	93,086	1,923	10,733	2,499	-	-	-	-
`47/48`	70	56,519	60,667	194,367	55,748	393,867	274,604	2,446	2,511	5,173	2.1m	150,000	-	-	-	-	-	-	-
`492/3`	750	-	-	-	-	-	-	0	-	-	33	-	-	-	-	107,500	-	-	-
Income statement
`76A`	140,368	1,000	-	-	-	0	500	-	-	-	-	700	-	-	-	-	-	-	-
`9900`	803,062	660,740	1.3m	1.1m	1.3m	1.1m	1.4m	1.0m	1.0m	1.2m	1.3m	1.6m	1.9m	1.5m	1.2m	1.5m	1.7m	838,156	724,407
`62`	625,133	712,567	902,460	950,553	803,372	693,520	784,298	826,030	767,677	787,650	810,865	920,711	981,494	695,859	732,093	716,796	672,828	525,623	551,600
`630`	16,029	51,916	69,128	60,396	64,215	46,158	90,394	71,905	40,934	61,972	148,258	151,975	163,145	181,182	157,021	77,694	595,230	44,451	29,777
`631/4`	-	-	0	-2,683	-	0	52,450	-	-	-	11,467	32,396	-	-	-	-	-	-	-
`640/8`	42,619	7,549	9,142	7,966	8,348	7,596	14,955	14,341	8,019	11,100	11,463	17,135	19,760	15,081	8,166	4,862	6,743	3,623	2,965
`66A`	-	-	-	-	0	11,569	-	-	-	267,157	-	-	-	-	-	-	-	-	-
`9901`	119,280	-111,292	367,548	116,714	394,357	328,393	455,601	114,739	223,997	83,509	305,827	446,297	693,513	569,455	253,304	721,485	440,916	264,459	140,065
`75/76B`	29,105	36,061	14,936	16,376	194	2,043	28,821	213	31,571	25,441	31,384	19,182	-	-	-	-	-	-	-
`75`	29,105	36,061	14,936	160	70	454	28,821	213	31,571	25,441	31,384	19,182	-	-	-	-	-	-	-
`76B`	-	-	0	16,215	124	1,590	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	903	672	53,782	1,682	4,422	15,756	12,282	18,426	9,164	14,591	17,866	22,164	23,068	25,525	-	-	-	-	-
`65`	903	672	53,782	1,682	4,422	15,756	12,282	18,426	9,164	14,591	17,866	22,164	23,068	25,525	-	-	-	-	-
`9903`	147,482	-75,903	328,702	131,407	390,130	314,681	472,139	96,526	246,404	94,359	319,345	444,015	670,445	543,930	253,304	721,485	440,916	264,459	140,065
`67/77`	29,124	1,111	105,063	40,189	122,676	98,354	164,997	35,859	102,542	41,240	166,447	171,586	242,545	160,000	-	-	-	-	-
`9904`	118,358	-77,014	223,640	91,218	267,454	216,327	307,142	60,667	143,862	53,119	152,898	272,430	427,900	383,930	253,304	721,485	440,916	264,459	140,065
`9905`	118,358	-77,014	223,640	91,218	267,454	216,327	307,142	60,667	143,862	53,119	152,898	272,430	427,900	383,930	253,304	721,485	440,916	264,459	140,065
Appropriation of the result
`9906`	118,358	-77,014	223,640	91,218	267,454	216,327	307,142	60,667	143,862	53,119	152,898	3.7m	3.4m	3.0m	2.6m	1.9m	1.2m	743,936	479,477
`791/2`	0	77,014	60,667	143,862	53,119	383,929	272,430	-	-	-	2.3m	-	-	-	-	-	-	-	-
`691/2`	118,358	0	223,640	91,218	267,454	216,327	307,142	60,667	143,862	53,119	-	3.6m	-	-	-	-	-	-	-
`6921`	118,358	0	223,640	91,218	267,454	216,327	307,142	60,667	143,862	53,119	-	3.6m	-	-	-	-	-	-	-
`694/7`	-	0	60,667	143,862	53,119	383,929	272,430	-	-	-	2.4m	150,000	-	-	-	-	-	-	-
`694`	-	0	60,667	143,862	53,119	383,929	-	-	-	-	2.4m	150,000	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	272,430	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	7.8	11.3	13.6	15.2	14.1	13.4	13.4	14.7	14.6	13.9	14.3	15.1	16	16	15	15	12	12	11
Hours worked`1013`	12,272	14,198	20,418	23,857	20,885	18,503	22,209	23,628	23,353	22,909	23,080	24,665	27,668	22,172	24,275	24,917	19,220	19,220	15,875
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 23-09-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 54 days after the deadline. Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520462.

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	23-09-2026	2026-00520462	PDF
31-12-2024	abbreviated format	16-07-2025	2025-00273146	PDF
31-12-2023	abbreviated format	27-09-2024	2024-00475151	PDF
31-12-2022	abbreviated format	15-09-2023	2023-00446614	PDF
31-12-2021	abbreviated format	06-07-2022	2022-20146072	PDF
31-12-2020	abbreviated format	24-09-2021	2021-68300024	PDF
31-12-2019	abbreviated format	11-09-2020	2020-52500457	PDF
31-12-2018	abbreviated format	24-09-2019	2019-65700038	PDF
31-12-2017	abbreviated format	23-08-2018	2018-49200335	PDF
31-12-2016	abbreviated format	31-08-2017	2017-58400193	PDF
31-12-2015	abbreviated format	31-08-2016	2016-58000286	PDF
31-12-2014	abbreviated format	30-09-2015	2015-62500032	PDF
31-12-2013	abbreviated format	30-09-2014	2014-63800367	PDF
31-12-2012	abbreviated format	31-08-2013	2013-54500037	PDF
31-12-2011	abbreviated format	22-08-2012	2012-44200136	PDF
31-05-2011	abbreviated format	28-08-2011	2011-45700422	PDF
31-05-2010	abbreviated format	17-12-2010	2010-63400315	PDF
31-05-2009	abbreviated format	10-11-2009	2009-85200184	PDF
31-12-2007	abbreviated format	30-09-2008	2008-76700024	PDF
31-12-2006	abbreviated format	21-08-2008	2008-60200375	PDF
31-12-2005	abbreviated format	31-07-2006	2006-59703002	PDF
31-12-2004	abbreviated format	30-12-2005	2005-92702045	PDF
31-12-2003	abbreviated format	12-10-2004	2004-73002071	PDF

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €2,752 awarded, €2,752 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€2,752

Year	Entries	Awarded	Paid
2024	1	€2,280	€2,280
2023	1	€262	€262
2022	1	€210	€210

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007	2006
135,310	-59,376	436,676	177,110	458,572	374,552	545,995	186,643	264,931	145,482	454,086	598,272	856,658	750,637	410,325	799,179	1.0m	308,910	169,842
134,387	-25,098	292,768	151,614	331,669	262,485	397,536	132,572	184,796	115,091	301,156	424,405	591,045	565,112	410,325	799,179	1.0m	308,910	169,842
3,076	13,103	72,027	83,535	89,597	98,106	99,783	158,633	73,443	42,748	36,194	9,953	42,120	313,490	350,737	1.0m	153,044	73,370	20,465
-138,344	-606,235	108,744	57,268	28,044	61,603	345,088	-163,144	166,723	-182,181	-204,060	-148,725	242,655	-631,877	30,194	333,204	-	186,234	-
1.7m	1.5m	1.5m	1.4m	1.5m	1.3m	1.4m	1.4m	1.4m	1.4m	-649,191	1.6m	1.5m	998,190	822,797	1.7m	993,169	645,767	410,227
91.4%	88.4%	84.2%	76.8%	86.8%	70.4%	78.2%	84.8%	80.9%	73.1%	29.6%	79.5%	83.6%	79.5%	65.4%	63.9%	93.4%	88.4%	76.5%
11.13	7.79	5.66	3.87	6.80	3.10	4.21	5.93	5.37	4.90	0.77	3.72	7.62	5.04	2.05	9.75	12.79	7.58	3.74
11.13	7.59	5.53	3.76	6.66	3.04	4.11	5.77	5.24	4.78	0.76	3.64	7.62	5.04	2.05	9.75	12.79	7.58	3.74
0.09	0.13	0.19	0.30	0.15	0.42	0.28	0.18	0.24	0.37	2.38	0.26	0.20	0.26	0.53	0.57	0.07	0.13	0.31
6.6%	-4.6%	12.7%	5.7%	16.2%	15.0%	19.1%	3.9%	9.5%	3.9%	11.6%	7.6%	12.4%	12.7%	9.6%	37.7%	37.0%	35.2%	28.7%
6.0%	-4.0%	10.7%	4.4%	14.1%	10.6%	15.0%	3.3%	7.7%	2.8%	3.4%	6.1%	10.4%	10.1%	6.3%	24.1%	34.5%	31.1%	22.0%
over 100	-88.41	8.12	over 100	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	9	10	15	18	17
full-time	7	8	12	14	13
part-time	2	2	3	4	4
in full-time equivalents	8	9	13.3	15.4	14.4
	7.8	11.3	13.6	15.2	14.1
On a permanent contract	9	10	15	18	17
Joined	1	0	1	4	5
Left	2	5	4	3	5

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€3,076	€13,103	€72,027	€83,535	€89,597
Financial fixed assets	€0	-	-	-	-
	€16,029	€51,916	€69,128	€60,396	€64,215

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on KUSTERS

The operating result for 2025 is a profit of €119,280, after a loss of €111,292 in 2024.

Debt's share of the balance-sheet total falls from 11.6% to 8.6%. Equity is higher and debt is lower.

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Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency91.4%

Current ratio11.13

Return on assets6.0%

Staff

Staff cost per FTE€80,145

Joined and left-1 person

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €2,752 awarded, €2,752 paid

Key figures and ratios

Social balance sheet

Investments

Insights on KUSTERS

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in €m

in euro

91.4%

11.13

6.0%

€80,145

-1 person