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 7 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6 to 4.7.
Financials
Financial year 2025
NSE-WORKSHOP from Brugge, company number BE0402769833, closed financial year 2025 with a result of € 9,231 after tax. For that financial year NSE-WORKSHOP recorded a gross margin of € 570,595 and equity of € 979,789. Compared with financial year 2024, the result moved from € 5,424 to € 9,231. 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 July 14, 2026.
€ 979,789
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,231
▲ 70% vs 2024
Profit after tax over the fiscal year.
€ 33,549
▲ € 26,316 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 € 767,789.
People and assets in 2025
4.7
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 282,951
▼ 7% vs 2024
€ 60,200 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.
€ 21,847
▼ 59% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.4 million
▼ 12% vs 2024
€ 25,000 is repaid this year. At this pace the long-term loan is gone in ≈ 58 years.
€ 227,653
▼ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,576
▼ 84% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 802,498 | € 729,471 | € 581,953 | € 570,595 | ▼ 2% |
| Profit after taxes | € 175,704 | € 99,262 | € 5,424 | € 9,231 | ▲ 70% |
| Equity | € 865,873 | € 965,134 | € 970,558 | € 979,789 | ▲ 1% |
| Total debts | € 2,929,759 | € 2,573,982 | € 2,565,021 | € 2,403,257 | ▼ 6% |
| Cash | € 48,904 | € 38,823 | € 7,232 | € 33,549 | ▲ € 26,316 |
| Land & buildings | € 3,339,718 | € 3,204,391 | € 3,069,867 | € 2,936,314 | ▼ 4% |
| Retained profit | € 653,873 | € 753,134 | € 758,558 | € 767,789 | ▲ 1% |
| Bank debt | € 2,594,779 | € 2,100,691 | € 1,646,612 | € 1,442,706 | ▼ 12% |
| Balance sheet total | € 3,795,632 | € 3,539,116 | € 3,535,579 | € 3,383,045 | ▼ 4% |
| Employees (FTE) | 7.2 | 6 | 4.9 | 4.7 | ▼ 0.2 |
Key figures of NSE-WORKSHOP, 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 NSE-WORKSHOP?
What happened at NSE-WORKSHOP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,231 (▲ 70% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 175,704 profit in 2022 to € 9,231 profit in 2025.
Paid € 106,854 in corporate taxes since 2022.
Best year ever: 2022, with € 175,704 profit.
On average € 121,400 of value added per employee in 2025.
Establishments
Establishment units
Physical locations of this company
Koggenstraat 2
8380 Brugge
Karveelstraat 10
8380 Brugge
Active since 10 March 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0402.769.833
- VAT number
- BE 0402.769.833
- Registered office
- Koggenstraat 2, 8380 Brugge
- Names & denominations
- NSE-WORKSHOP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1967
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
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