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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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
GARDEC-V.J. from Brugge, company number BE0428239558, closed financial year 2025 with a result of € 281,848 after tax. For that financial year GARDEC-V.J. recorded revenue of € 17.5 million and equity of € 1.1 million. Compared with financial year 2024, the result moved from € 128,039 to € 281,848. 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 January 22, 2026.
€ 1.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 281,848
▲ 120% vs 2024
Profit after tax over the fiscal year.
€ 149,409
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 269,600 paid out
96 % of the profit went to the shareholders, mostly to H.NCD (100 % of the shares). That is where the money ends up.
People and assets in 2025
45.7
▲ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.9 million
▲ 9% vs 2024
€ 107,900 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.
€ 632,483
▼ 22% vs 2024
Of which on lease € 279,756.
Debts at end 2025
€ 4.6 million
▲ 188% vs 2024
€ 114,617 is repaid this year. At this pace the long-term loan is gone in ≈ 30 years.
€ 1.5 million
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
€ 739,561
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,670,414 | € 13,880,249 | € 12,850,118 | € 17,459,414 | ▲ 36% |
| Profit after taxes | € 127,355 | € 136,007 | € 128,039 | € 281,848 | ▲ 120% |
| Equity | € 1,031,888 | € 1,060,055 | € 1,080,255 | € 1,092,503 | ▲ 1% |
| Total debts | € 4,694,039 | € 7,418,784 | € 7,214,261 | € 7,075,101 | ▼ 2% |
| Cash | € 72,597 | € 70,457 | € 130,525 | € 149,409 | ▲ 14% |
| Land & buildings | € 211,222 | € 0 | - | - | |
| Retained profit | € 881,888 | € 910,055 | € 930,255 | € 942,503 | ▲ 1% |
| Dividend | € 107,840 | € 107,840 | € 107,840 | € 269,600 | ▲ 150% |
| Bank debt | € 1,206,347 | € 1,309,114 | € 1,578,470 | € 4,553,585 | ▲ 188% |
| Balance sheet total | € 5,725,927 | € 8,478,840 | € 8,294,516 | € 8,167,604 | ▼ 2% |
| Employees (FTE) | 40.1 | 41.4 | 43 | 45.7 | ▲ 2.7 |
Key figures of GARDEC-V.J., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to GARDEC-V.J.?
What happened at GARDEC-V.J. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 281,848 (▲ 120% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 127,355 profit in 2022 to € 281,848 profit in 2025.
Paid € 315,905 in corporate taxes since 2022.
Best year ever: 2025, with € 281,848 profit.
Paid out € 593,120 in dividends to the owners in total.
Management
The stake of H.NCD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GARDEC-V.J.Behind GARDEC-V.J. are H.NCD Beheer BV, Seasite BV and Ellen D'hoedt. The shares are held by H.NCD (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Hugo D'HOEDT
Also active at: WERKHUIZEN DECLOEDT, GARDEC-S.D.S., GARDEC-S.W.D., ZEVICO, Gardec Equipment, BRUSSELLE CARRAL MARINE, METALLIC-VdV
Managing director · represented by Dieter D'HOEDT
Also active at: GARDEC-S.D.S., GARDEC-S.W.D.
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Boomkorstraat 8
8380 Brugge
Groenlandstraat 99
8380 Brugge
Active since 1 May 2016
Kiwiweg 90 box a
8380 Brugge
Active since 1 May 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0428.239.558
- VAT number
- BE 0428.239.558
- Registered office
- Boomkorstraat 8, 8380 Brugge
- Names & denominations
- GARDEC-V.J.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1985
- Peppol
- Active · Active since 12 Oct 2025
- Activities · NACE
Bouw en reparatie van schepen
Reparatie en onderhoud van civiele schepen
Goederenvervoer over de weg