Warning lights
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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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TAGORE from Brugge, company number BE0428429006, closed financial year 2025 with a result of € 41,056 after tax. For that financial year TAGORE recorded a gross margin of € 212,497 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 28,407 to € 41,056. Profitable, and profit is growing. 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 August 27, 2026.
€ 1.8 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 41,056
▲ 45% vs 2024
Profit after tax over the fiscal year.
€ 14,297
▼ 71% 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 € 1.7 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 99,513
€ 99,500 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.
€ 26,104
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 41,599
▲ 20% vs 2024
€ 8,414 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 63,571
▲ 279% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40,243
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 163,432 | € 167,495 | € 196,374 | € 212,497 | ▲ 8% |
| Profit after taxes | € 5,696 | € 33,527 | € 28,407 | € 41,056 | ▲ 45% |
| Equity | € 1,690,332 | € 1,723,859 | € 1,752,266 | € 1,793,322 | ▲ 2% |
| Total debts | € 671,269 | € 584,098 | € 629,573 | € 678,481 | ▲ 8% |
| Cash | € 20,488 | € 28,860 | € 49,566 | € 14,297 | ▼ 71% |
| Retained profit | € 1,578,780 | € 1,612,307 | € 1,640,714 | € 1,681,770 | ▲ 3% |
| Bank debt | € 275,167 | € 52,321 | € 34,609 | € 41,599 | ▲ 20% |
| Balance sheet total | € 2,361,601 | € 2,307,957 | € 2,381,839 | € 2,471,803 | ▲ 4% |
| Employees (FTE) | 1.7 | 1.1 | 1 | 1 |
Key figures of TAGORE, 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 TAGORE?
What happened at TAGORE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rudi Vercauteren stepped down as director. NBB
- Justine Vercauteren stepped down as director. NBB
- Willy De Vos stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 41,056 (▲ 45% vs 2024). filed late Source: NBB ↗
- Willy De Vos became a director. NBB
- New establishment in Brugge. KBO
- Justine Vercauteren became a director. NBB
- Rudi Vercauteren became a director. NBB
In short
From € 5,696 profit in 2022 to € 41,056 profit in 2025.
Paid € 75,905 in corporate taxes since 2022.
Best year ever: 2025, with € 41,056 profit.
On average € 212,500 of value added per employee in 2025.
Management
It owns 99.6% of Garden Machinery, 80% of Gardyrumo Lda and 80% of Gardinery Skandinavia AB itself.
Directors
According to the 2025 annual accounts
Rudi Vercauteren
Managing director
since 2005 · until 2028
Justine Vercauteren
Director
since 2010 · until 2028
since 2017 · until 2028
Establishments
Establishment units
Physical locations of this company
Veldstraat 69
8200 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.429.006
- VAT number
- BE 0428.429.006
- Registered office
- Veldstraat 69, 8200 Brugge
- Names & denominations
- TAGORE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 January 1986
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
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