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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FLEURBAEY & PARTNERS from Brugge, company number BE0430507180, closed financial year 2025 with a result of € -2.1 million after tax. For that financial year FLEURBAEY & PARTNERS recorded a gross margin of € 131,978 and equity of € -732,248. Compared with financial year 2024, the result moved from € 10,628 to € -2.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ -732,248
▼ € 2.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.1 million
▼ still € 10,628 profit in 2024
Profit after tax over the fiscal year.
€ 7
▼ € 4,433 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -750,840.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 7,573
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
€ 25,371 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 10,990
▲ € 9,875 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 45,016
▲ 21% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 98,553 | € 128,747 | € 106,512 | € 131,978 | ▲ 24% |
| Profit after taxes | € 33,335 | € 20,416 | € 10,628 | € -2,085,689 | ▼ € 2.1 million |
| Equity | € 1,322,396 | € 1,342,813 | € 1,353,441 | € -732,248 | ▼ € 2.1 million |
| Total debts | € 1,286,340 | € 1,531,081 | € 1,612,014 | € 1,629,597 | ▲ 1% |
| Cash | € 31,402 | € 14,244 | € 4,440 | € 7 | ▼ € 4,433 |
| Land & buildings | € 194,207 | € 180,702 | € 171,945 | € 157,453 | ▼ 8% |
| Retained profit | € 1,303,804 | € 1,324,221 | € 1,334,849 | € -750,840 | ▼ € 2.1 million |
| Bank debt | € 1,014,239 | € 1,185,971 | € 1,157,800 | € 1,155,649 | |
| Balance sheet total | € 2,608,736 | € 2,873,894 | € 2,965,455 | € 897,350 | ▼ 70% |
Key figures of FLEURBAEY & PARTNERS, 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 FLEURBAEY & PARTNERS?
What happened at FLEURBAEY & PARTNERS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.1 million (▼ € 2.1 million vs 2024). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Brugge. KBO
In short
From € 33,335 profit in 2022 to € 2.1 million loss in 2025.
Paid € 60,553 in corporate taxes since 2022.
Best year ever: 2022, with € 33,335 profit.
Management
Behind FLEURBAEY & PARTNERS is Christiaan Fleurbaey. It owns 23% of Finscaff and 10% of Steelco Invest NV itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Ter Woestijne 13
8310 Brugge
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
- 0430.507.180
- VAT number
- BE 0430.507.180
- Registered office
- Ter Woestijne 13, 8310 Brugge
- Names & denominations
- FLEURBAEY & PARTNERS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 1987
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
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