Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 207 to 177.4.
Financials
Financial year 2025
Drukkerij-Uitgeverij Die Keure from Brugge, company number BE0405108325, closed financial year 2025 with a result of € -7.2 million after tax. For that financial year Drukkerij-Uitgeverij Die Keure recorded revenue of € 32.5 million and equity of € 5.2 million. Compared with financial year 2024, the result moved from € 120,766 to € -7.2 million. The company made a loss. The buffer shrank hard: equity is 58 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 5.2 million
▼ 58% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.2 million
▼ still € 120,766 profit in 2024
Profit after tax over the fiscal year.
€ 4.5 million
▲ 111% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.4 million.
People and assets in 2025
177.4
▼ 17.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14 million
▼ 4% vs 2024
€ 78,900 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.
€ 124,717
▼ 98% vs 2024
Of which on lease € 14,406.
Debts at end 2025
€ 4.9 million
▼ 37% vs 2024
€ 799,546 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.6 million
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 34 days on average.
€ 4.3 million
▲ 86% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 34,728,466 | € 36,050,501 | € 35,356,621 | € 32,474,890 | ▼ 8% |
| Profit after taxes | € 1,184,857 | € -260,543 | € 120,766 | € -7,169,859 | ▼ € 7.3 million |
| Equity | € 12,506,742 | € 12,245,916 | € 12,352,401 | € 5,182,542 | ▼ 58% |
| Total debts | € 8,748,551 | € 12,511,383 | € 12,269,326 | € 10,807,178 | ▼ 12% |
| Cash | € 2,813,481 | € 2,072,052 | € 2,122,802 | € 4,478,069 | ▲ 111% |
| Land & buildings | € 3,178,337 | € 3,132,311 | € 2,866,842 | € 2,609,930 | ▼ 9% |
| Retained profit | € 11,762,178 | € 11,501,635 | € 11,608,401 | € 4,438,542 | ▼ 62% |
| Dividend | € 325,731 | € 0 | € 14,000 | € 0 | ▼ 100% |
| Bank debt | € 3,948,929 | € 8,032,781 | € 7,820,579 | € 4,918,743 | ▼ 37% |
| Balance sheet total | € 21,461,707 | € 24,924,805 | € 24,757,189 | € 16,101,121 | ▼ 35% |
| Employees (FTE) | 207.1 | 207 | 195 | 177.4 | ▼ 17.6 |
Key figures of Drukkerij-Uitgeverij Die Keure, 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 Drukkerij-Uitgeverij Die Keure?
What happened at Drukkerij-Uitgeverij Die Keure in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Tom Deschildre stepped down as director. NBB
- Jan Smedts stepped down as director. NBB
- Sabine Vandenbroucke stepped down as director. NBB
- Frank Vogt stepped down as director. NBB
- Alexis Bogaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7.2 million (▼ € 7.3 million vs 2024). Source: NBB ↗
- Tom Deschildre became a director. NBB
- Jan Smedts became a director. NBB
In short
From € 1.2 million profit in 2022 to € 7.2 million loss in 2025.
Paid € 571,167 in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
Paid out € 339,731 in dividends to the owners in total.
Management
The stake of BOSSA NOVA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Drukkerij-Uitgeverij Die KeureThe shares are held by BOSSA NOVA (41.7%). It owns 100% of Die Keure Ltd., 50% of ADK Legaltech Solutions and 45% of Jurisquare itself.
Directors
According to the 2025 annual accounts
Tom Deschildre
Director
Also active at: BOSSA NOVA, FEDERATIE VAN DE BELGISCHE GRAFISCHE INDUSTRIE, INNI group, TANGHE PRINTING, Fonds van de Federatie van de Belgische Grafische Industrie, DRUKTA, SSE, DIGI-PAQ
since 2023 · until 2029
since 2023 · until 2029
since 2023 · until 2029
Frank Vogt
Director
since 2023 · until 2029
since 2023 · until 2029
Shareholders
41.7%
Participations
Establishments
Establishment units
Physical locations of this company
Kleine Pathoekeweg 3
8000 Brugge
Pathoekeweg 5
8000 Brugge
Active since 14 August 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.108.325
- VAT number
- BE 0405.108.325
- Registered office
- Kleine Pathoekeweg 3, 8000 Brugge
- Names & denominations
- Drukkerij-Uitgeverij Die Keure
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 13 Jan 2026
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