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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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EL.G.B. - West-Vlaanderen from Brugge, company number BE0405110897, closed financial year 2025 with a result of € 108,915 after tax. For that financial year EL.G.B. - West-Vlaanderen recorded a gross margin of € 1 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 238,990 to € 108,915. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 2, 2026.
€ 3.1 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 108,915
▼ 54% vs 2024
Profit after tax over the fiscal year.
€ 481,423
▼ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 100,003 paid out
92 % of the profit went to the shareholders, mostly to EL.G.B. Holding (100 % of the shares). That is where the money ends up.
People and assets in 2025
14.5
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 821,035
▲ 5% vs 2024
€ 56,600 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.
€ 54,005
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 156,381
▼ 14% vs 2024
€ 25,086 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 264,405
Supplier invoices still open on the last day of the fiscal year.
€ 218,740
▲ 48% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,460,113 | € 1,611,517 | € 1,153,283 | € 1,003,269 | ▼ 13% |
| Profit after taxes | € 475,791 | € 505,109 | € 238,990 | € 108,915 | ▼ 54% |
| Equity | € 2,553,498 | € 2,958,605 | € 3,097,593 | € 3,106,505 | |
| Total debts | € 1,650,491 | € 1,501,151 | € 1,053,662 | € 802,701 | ▼ 24% |
| Cash | € 233,407 | € 671,221 | € 518,308 | € 481,423 | ▼ 7% |
| Land & buildings | € 462,186 | € 436,770 | € 411,354 | € 385,937 | ▼ 6% |
| Retained profit | € 2,153,498 | € 2,558,605 | € 2,697,593 | € 2,706,505 | |
| Dividend | € 100,003 | € 100,003 | € 100,003 | € 100,003 | |
| Bank debt | € 230,217 | € 205,840 | € 181,228 | € 156,381 | ▼ 14% |
| Balance sheet total | € 4,203,989 | € 4,459,756 | € 4,151,255 | € 3,909,206 | ▼ 6% |
| Employees (FTE) | 16.8 | 16.6 | 14.3 | 14.5 | ▲ 0.2 |
Key figures of EL.G.B. - West-Vlaanderen, 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 EL.G.B. - West-Vlaanderen?
What happened at EL.G.B. - West-Vlaanderen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 108,915 (▼ 54% vs 2024). filed late Source: NBB ↗
- New establishment in Ieper. KBO
- New establishment in Eeklo. KBO
- New establishment in Torhout. KBO
- New establishment in Oostende. KBO
- New establishment in Veurne. KBO
- Start of the company according to the CBE. KBO
- New establishment in Brugge. KBO
In short
From € 475,791 profit in 2022 to € 108,915 profit in 2025.
Paid € 450,569 in corporate taxes since 2022.
Best year ever: 2023, with € 505,109 profit.
On average € 69,200 of value added per employee in 2025.
Management
The stake of EL.G.B. Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EL.G.B. - West-VlaanderenBehind EL.G.B. - West-Vlaanderen are S2.KG VOF, Maron CommV and De Wijnkoeler BV. The shares are held by EL.G.B. Holding (100%).
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pathoekeweg 9 box K010
8000 Brugge
Torhoutsesteenweg 677
8400 Oostende
Active since 15 December 1997
Albert I laan 40
8630 Veurne
Active since 10 June 1991
Tieltsesteenweg 203
9900 Eeklo
Active since 1 November 2017
Noordlaan 17
8820 Torhout
Active since 1 November 2017
Paddevijverstraat 57
8900 Ieper
Active since 15 July 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.110.897
- VAT number
- BE 0405.110.897
- Registered office
- Pathoekeweg 9 bus K010, 8000 Brugge
- Names & denominations
- EL.G.B. - West-Vlaanderen
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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