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 9.5 to 7.9.
Financials
Financial year 2025
FLANDERS BRUSH MAKERS from Izegem, company number BE0423493882, closed financial year 2025 with a result of € 41,351 after tax. For that financial year FLANDERS BRUSH MAKERS recorded a gross margin of € 916,228 and equity of € 926,416. Compared with financial year 2024, the result moved from € 87,575 to € 41,351. 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 March 19, 2026.
€ 926,416
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,351
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 70,571
▼ 40% 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 € 911,792.
People and assets in 2025
7.9
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 485,135
▼ 5% vs 2024
€ 61,400 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.
€ 405,583
▼ 22% vs 2024
Of which on lease € 403,224.
Debts at end 2025
€ 1.1 million
▼ 23% vs 2024
€ 114,387 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 91,672
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 55,231
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 747,007 | € 1,005,591 | € 1,018,665 | € 916,228 | ▼ 10% |
| Profit after taxes | € 6,569 | € 170,746 | € 87,575 | € 41,351 | ▼ 53% |
| Equity | € 806,744 | € 877,490 | € 885,065 | € 926,416 | ▲ 5% |
| Total debts | € 1,185,573 | € 2,231,671 | € 2,018,192 | € 1,555,551 | ▼ 23% |
| Cash | € 235,421 | € 93,967 | € 118,338 | € 70,571 | ▼ 40% |
| Retained profit | € 792,119 | € 862,866 | € 870,441 | € 911,792 | ▲ 5% |
| Dividend | € 0 | € 100,000 | € 80,000 | € 0 | ▼ 100% |
| Bank debt | € 943,737 | € 1,283,830 | € 1,368,170 | € 1,058,005 | ▼ 23% |
| Balance sheet total | € 1,992,316 | € 3,109,161 | € 2,903,258 | € 2,481,967 | ▼ 15% |
| Employees (FTE) | 11.4 | 9.5 | 8.8 | 7.9 | ▼ 0.9 |
Key figures of FLANDERS BRUSH MAKERS, 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 FLANDERS BRUSH MAKERS?
What happened at FLANDERS BRUSH MAKERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 41,351 (▼ 53% vs 2024). Source: NBB ↗
- Pataor BV became a director. NBB
- Bhobo Group BV became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,569 profit in 2022 to € 41,351 profit in 2025.
Paid € 51,797 in corporate taxes since 2022.
Best year ever: 2023, with € 170,746 profit.
On average € 116,000 of value added per employee in 2025.
Management
The stake of PATAOR, BHOBO GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FLANDERS BRUSH MAKERSBehind FLANDERS BRUSH MAKERS are Pataor BV and Bhobo Group BV. The shares are held by PATAOR (50%) and BHOBO GROUP (50%).
Directors
According to the 2025 annual accounts
since 2017
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ambachtenstraat 44
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0423.493.882
- VAT number
- BE 0423.493.882
- Registered office
- Ambachtenstraat 44, 8870 Izegem
- Names & denominations
- FLANDERS BRUSH MAKERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 January 1983
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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