Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Plaatselijke Brandverzekering van Torhout from Torhout, company number BE0405167218, closed financial year 2025 with a result of € 38,531 after tax. For that financial year Plaatselijke Brandverzekering van Torhout recorded a gross margin of € 75,558 and equity of € 336,321. Compared with financial year 2024, the result moved from € 50,156 to € 38,531. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2026.
€ 336,321
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,531
▼ 23% vs 2024
Profit after tax over the fiscal year.
€ 57,633
▼ 5% 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 € 335,394.
People and assets in 2025
0.1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5,461
▲ 19% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,998
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 53,418
▼ 30% vs 2024
€ 24,057 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 19,888
▲ € 16,570 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,601
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 64,267 | € 83,662 | € 89,149 | € 75,558 | ▼ 15% |
| Profit after taxes | € -4,725 | € 10,533 | € 50,156 | € 38,531 | ▼ 23% |
| Equity | € 237,192 | € 247,725 | € 297,810 | € 336,321 | ▲ 13% |
| Total debts | € 1,009,000 | € 919,970 | € 973,898 | € 1,001,559 | ▲ 3% |
| Cash | € 36,042 | € 11,208 | € 60,746 | € 57,633 | ▼ 5% |
| Land & buildings | € 324,088 | € 316,011 | € 313,932 | € 307,958 | ▼ 2% |
| Retained profit | € 236,175 | € 246,708 | € 296,863 | € 335,394 | ▲ 13% |
| Bank debt | € 120,142 | € 106,311 | € 76,531 | € 53,418 | ▼ 30% |
| Balance sheet total | € 1,419,618 | € 1,411,609 | € 1,390,296 | € 1,436,639 | ▲ 3% |
| Employees (FTE) | 0.2 | 0.2 | 0.2 | 0.1 | ▼ 0.1 |
Key figures of Plaatselijke Brandverzekering van Torhout, 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 Plaatselijke Brandverzekering van Torhout?
What happened at Plaatselijke Brandverzekering van Torhout in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MARIA-JOSEPHA STEELANDT stepped down as director. NBB
- HENRI POLLEFEYT stepped down as director. NBB
- DAVID GHESQUIÈRE stepped down as director. NBB
- LIEVEN DECEUNINCK stepped down as director. NBB
- PAUL WARLOP stepped down as director. NBB
- HILDE VERHELST stepped down as director. NBB
- CHRISTINE MAERTENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 38,531 (▼ 23% vs 2024). Source: NBB ↗
In short
From € 4,725 loss in 2022 to € 38,531 profit in 2025.
Paid € 36,510 in corporate taxes since 2022.
Best year ever: 2024, with € 50,156 profit.
Management
Behind Plaatselijke Brandverzekering van Torhout is RIK VANDEN BUSSCHE. RIK VANDEN BUSSCHE is also behind RVB INSURANCE CONSULT.
Directors
According to the 2025 annual accounts
LIEVEN DECEUNINCK
Lid van de toezichtsraad
· until 2029
PAUL WARLOP
Director
since 2021 · until 2029
JOZEF VANDEN BUSSCHE
Director
since 2021 · until 2025
MARIA-JOSEPHA STEELANDT
Director
· until 2030
HILDE VERHELST
Director
· until 2026
HENRI POLLEFEYT
Vice-chairman of the board
· until 2030
DAVID GHESQUIÈRE
Chairman of the board
· until 2030
CHRISTINE MAERTENS
Director
· until 2026
Establishments
Establishment units
Physical locations of this company
Oostendestraat 61
8820 Torhout
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.167.218
- VAT number
- BE 0405.167.218
- Registered office
- Oostendestraat 61, 8820 Torhout
- Names & denominations
- Plaatselijke Brandverzekering van Torhout
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 27 November 1927
- Peppol
- Not registered