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 16 to 13.6.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EXPLOITATIEMAATSCHAPPIJ MO from Brugge, company number BE0405286982, closed financial year 2025 with a result of € 43,327 after tax. For that financial year EXPLOITATIEMAATSCHAPPIJ MO recorded a gross margin of € 1.5 million and equity of € 291,734. Compared with financial year 2024, the result moved from € -4,877 to € 43,327. 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 June 17, 2026.
€ 291,734
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,327
▲ still € 4,877 loss in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▲ 213% 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 € 191,734.
People and assets in 2025
13.6
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 572,147
▼ 11% vs 2024
€ 42,100 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.
€ 931
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 282,868
▲ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 96,636
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,759,137 | € 2,461,374 | € 1,819,645 | € 1,484,656 | ▼ 18% |
| Profit after taxes | € 15,725 | € 15,955 | € -4,877 | € 43,327 | ▲ € 48,204 |
| Equity | € 245,306 | € 253,283 | € 248,407 | € 291,734 | ▲ 17% |
| Total debts | € 676,840 | € 1,627,211 | € 789,034 | € 1,031,791 | ▲ 31% |
| Cash | € 445,837 | € 890,665 | € 364,790 | € 1,140,230 | ▲ 213% |
| Land & buildings | € 27,198 | € 51,402 | € 67,282 | € 53,875 | ▼ 20% |
| Retained profit | € 145,306 | € 153,283 | € 148,407 | € 191,734 | ▲ 29% |
| Dividend | € 0 | € 7,977 | € 0 | € 0 | |
| Bank debt | € 4,822 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 931,146 | € 1,889,494 | € 1,037,441 | € 1,323,525 | ▲ 28% |
| Employees (FTE) | 21.8 | 16 | 15.8 | 13.6 | ▼ 2.2 |
Key figures of EXPLOITATIEMAATSCHAPPIJ MO, 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 EXPLOITATIEMAATSCHAPPIJ MO?
What happened at EXPLOITATIEMAATSCHAPPIJ MO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Chavalie De Lodder stepped down as director. NBB
- Belgian Coast Hotels NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 43,327. Source: NBB ↗
- Chavalie De Lodder became a director. NBB
- Belgian Coast Hotels NV became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,725 profit in 2022 to € 43,327 profit in 2025.
Paid € 54,083 in corporate taxes since 2022.
Best year ever: 2025, with € 43,327 profit.
On average € 109,200 of value added per employee in 2025.
Management
The stake of Las Brisas, Industrie hotelière et immobilière, European Lease and Finance Company comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EXPLOITATIEMAATSCHAPPIJ MOThe shares are held by Las Brisas (80%), Industrie hotelière et immobilière (10%) and European Lease and Finance Company (10%).
Directors
According to the 2025 annual accounts
Chavalie De Lodder
Director
Also active at: EXPLOITATIEMAATSCHAPPIJ IDP, Exploitatiemaatschappij IDH, EXPLOITATIEMAATSCHAPPIJ MB, EXPLOITATIEMAATSCHAPPIJ ISN, EXPLOITATIEMAATSCHAPPIJ IBA, EXPLOITATIEMAATSCHAPPIJ IBB, EXPLOITATIEMAATSCHAPPIJ IBKH, Belgian Coast Hotels +4 more
since 2025 · until 2031
Managing director · represented by Joachim Debucquoy
Also active at: EXPLOITATIEMAATSCHAPPIJ MB, EXPLOITATIEMAATSCHAPPIJ IBA, EXPLOITATIEMAATSCHAPPIJ IBB, EXPLOITATIEMAATSCHAPPIJ ISB, EXPLOITATIEMAATSCHAPPIJ ISZ, EXPLOITATIEMAATSCHAPPIJ PBAZ, EXPLOITATIEMAATSCHAPPIJ HBAZ
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Monnikenwerve 17-19
8000 Brugge
Leopold II-laan 20
8400 Oostende
Active since 1 July 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →DORMA HUPPE
SOFIEC
JOYCE INVEST
€ 624,614 gross margin · 2025
LIBERAAL VERBOND VOOR ZELFSTANDIGEN - TREFPUNT BRUGGE
FIRENZE
+23 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0405.286.982
- VAT number
- BE 0405.286.982
- Registered office
- Monnikenwerve 17-19, 8000 Brugge
- Names & denominations
- EXPLOITATIEMAATSCHAPPIJ MO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 December 1963
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Hotels en motels, met restaurant
Hotels en dergelijke accommodatie
Hotels en motels, zonder restaurant