Financials
Financial year 2024
MARTIN'S BRUGGE from Rixensart, company number BE0422656912, closed financial year 2024 with a result of € 458,191 after tax. For that financial year MARTIN'S BRUGGE recorded revenue of € 10.8 million and equity of € 561,830. Compared with financial year 2023, the result moved from € 372,227 to € 458,191. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2025.
€ 561,830
▲ € 458,191 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 458,191
▲ 23% vs 2023
Profit after tax over the fiscal year.
€ 472,233
▼ 1% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -1.7 million.
People and assets in 2024
51.8
▲ 3.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 8% vs 2023
€ 54,900 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.
€ 312,702
▼ 15% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 24,057
▼ 38% vs 2023
€ 14,592 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1 million
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 729,144
▼ 14% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 4,584,678 | € 8,769,318 | € 10,640,239 | € 10,793,107 | ▲ 1% |
| Profit after taxes | € -969,565 | € -36,101 | € 372,227 | € 458,191 | ▲ 23% |
| Equity | € -232,487 | € -268,589 | € 103,639 | € 561,830 | ▲ € 458,191 |
| Total debts | € 4,446,395 | € 4,297,860 | € 4,020,824 | € 3,353,431 | ▼ 17% |
| Cash | € 814,903 | € 504,440 | € 479,358 | € 472,233 | ▼ 1% |
| Retained profit | € -2,509,487 | € -2,545,589 | € -2,173,361 | € -1,715,170 | ▲ € 458,191 |
| Bank debt | € 38,682 | € 38,649 | € 38,649 | € 24,057 | ▼ 38% |
| Balance sheet total | € 4,244,395 | € 4,041,211 | € 4,130,427 | € 3,915,261 | ▼ 5% |
| Employees (FTE) | 48.2 | 47.7 | 48.2 | 51.8 | ▲ 3.6 |
Key figures of MARTIN'S BRUGGE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MARTIN'S BRUGGE?
What happened at MARTIN'S BRUGGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain PRIGOGINE stepped down as director. NBB
- SPARAXIS SA stepped down as director. NBB
- JOHN MARTIN SA stepped down as director. NBB
- NOLICIS ENTERPRISE SRL stepped down as director. NBB
- HOLMAR SA stepped down as director. NBB
- OPTIMMO SA stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 458,191 (▲ 23% vs 2023). Source: NBB ↗
- Alain PRIGOGINE became a director. NBB
In short
From € 969,565 loss in 2021 to € 458,191 profit in 2024.
Paid € 5,664 in corporate taxes since 2021.
Best year ever: 2024, with € 458,191 profit.
Pays suppliers within 57 days on average.
A new publication or filing at MARTIN'S BRUGGE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ANDEL, MARTIN'S HOTELS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MARTIN'S BRUGGEThe shares are held by ANDEL (59.9%) and MARTIN'S HOTELS (40%).
Directors
According to the 2024 annual accounts
Alain PRIGOGINE
Director
Also active at: MARTIN'S HOTELS, ANDEL, OPTIMMO, MARTIN'S BRUSSELS, VALIMMO, INVESTMENT CONSULTING CY, GEN IMMO
since 2023 · until 2026
Director · represented by Isabelle Devos
Also active at: C.P. Bourg, A.M.B., Jean Goldschmidt International, Ateliers Pierre Cerfontaine, Floridienne, Fonderies J. Marichal Ketin et Cie, JUNGLING, MEBF +223 more
since 2023 · until 2026
Director · represented by Frédéric ADRIAENS
Also active at: Resorza, MARTIN'S HOTELS, ANDEL, MARIMMO, MARTIN'S BRUSSELS, BELGIAN BREWERS - BELGISCHE BROUWERS - BRASSEURS BELGES, GEN IMMO
since 2023 · until 2026
Director · represented by Francis PENNEQUIN
Also active at: MARTIN'S HOTELS, ANDEL, OPTIMMO, MARTIN'S BRUSSELS, VALIMMO, GEN IMMO
since 2023 · until 2026
Director · represented by Nicolas LEMAIRE
Also active at: Resorza, MARTIN'S HOTELS, ANDEL, MARIMMO, MARTIN'S BRUSSELS, GEN IMMO, ANTWERPSE BROUW COMPAGNIE
since 2023 · until 2026
Managing director · represented by John C. MARTIN
Also active at: MARTIN'S HOTELS, MARTIN'S BRUSSELS, VALIMMO, GEN IMMO
since 2023 · until 2026
Shareholders
59.9%
40%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Herbert Hoover 20
1332 Rixensart
Oude Burg 5
8000 Brugge
Active since 25 March 1982
Spiegelrei 2-5
8000 Brugge
Active since 15 July 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0422.656.912
- VAT number
- BE 0422.656.912
- Registered office
- Avenue Herbert Hoover 20, 1332 Rixensart
- Names & denominations
- MARTIN'S BRUGGE · MSB
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1982
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant