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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Concordia from Brugge, company number BE0405100308, closed financial year 2025 with a result of € -13,896 after tax. For that financial year Concordia recorded a gross margin of € 371,911 and equity of € 1.1 million. Compared with financial year 2024, the result moved from € -48,362 to € -13,896. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 17, 2026.
€ 1.1 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,896
▲ 71 % less loss than in 2024
Profit after tax over the fiscal year.
€ 64,215
▲ € 58,524 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 736,619.
Debts at end 2025
€ 1.5 million
▼ 9% vs 2024
€ 155,487 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 819
Supplier invoices still open on the last day of the fiscal year.
€ 14,413
▲ 8% 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 | € 254,888 | € 304,064 | € 330,225 | € 371,911 | ▲ 13% |
| Profit after taxes | € -59,424 | € -85,533 | € -48,362 | € -13,896 | ▲ € 34,467 |
| Equity | € 1,267,650 | € 1,182,117 | € 1,133,755 | € 1,119,859 | ▼ 1% |
| Total debts | € 1,711,348 | € 1,873,037 | € 1,743,793 | € 1,558,722 | ▼ 11% |
| Cash | € 224,350 | € 145,441 | € 5,691 | € 64,215 | ▲ € 58,524 |
| Land & buildings | € 2,728,938 | € 2,880,553 | € 2,869,467 | € 2,605,359 | ▼ 9% |
| Retained profit | € 402,548 | € 477,636 | € 589,894 | € 736,619 | ▲ 25% |
| Bank debt | € 1,626,719 | € 1,822,139 | € 1,673,560 | € 1,521,573 | ▼ 9% |
| Balance sheet total | € 2,978,997 | € 3,055,154 | € 2,877,548 | € 2,678,582 | ▼ 7% |
Key figures of Concordia, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Concordia?
What happened at Concordia in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,896. Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,424 loss in 2022 to € 13,896 loss in 2025.
Paid € 122,070 in corporate taxes since 2022.
Management
Behind Concordia are Piet Vierin, Pierre De Keukelaere, Benoit Kervyn De Volkaersbeke, Thierry Van Caloen, Henry Van Caillie and Auguste Hendrickx. Pierre De Keukelaere is also behind BUONA FORTUNA and ADVOCAAT DE KEUKELAERE PIERRE. Thierry Van Caloen is also behind AGEHER and VAN CALOEN.
Directors
According to the 2025 annual accounts
Piet Vierin
Director
Benoit Kervyn De Volkaersbeke
Director
Henry Van Caillie
Director
Director · represented by Piet Vierin
Establishments
Establishment units
Physical locations of this company
Zonnekemeers 19
8000 Brugge
Zuidzandstraat 5
8000 Brugge
Active since 1 January 1908
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0405.100.308
- VAT number
- BE 0405.100.308
- Registered office
- Zonnekemeers 19, 8000 Brugge
- Names & denominations
- Concordia
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 1907
- Peppol
- Not registered