Financials
Financial year 2025
KAAP from Brugge, company number BE0432510033, closed financial year 2025 with a result of € 8 after tax. For that financial year KAAP recorded a gross margin of € 1.2 million and equity of € 912,542. Compared with financial year 2024, the result moved from € 1,910 to € 8. 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 May 26, 2026.
€ 912,542
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8
▼ € 1,902 vs 2024
Profit after tax over the fiscal year.
€ 49,754
▲ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
16.3
▲ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 14% vs 2024
€ 67,600 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.
€ 2,105
▼ 56% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 223,021
▼ 3% vs 2024
€ 21,915 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 53,378
▼ 72% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 159,662
▲ 68% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 971,875 | € 1,038,726 | € 1,038,801 | € 1,164,388 | ▲ 12% |
| Profit after taxes | € 17,833 | € -1,152 | € 1,910 | € 8 | ▼ € 1,902 |
| Equity | € 934,415 | € 916,971 | € 902,588 | € 912,542 | ▲ 1% |
| Total debts | € 335,777 | € 521,597 | € 540,582 | € 500,348 | ▼ 7% |
| Cash | € 182,511 | € 64,432 | € 26,232 | € 49,754 | ▲ 90% |
| Land & buildings | € 787,571 | € 1,010,836 | € 974,262 | € 937,318 | ▼ 4% |
| Retained profit | € 781,303 | € 780,152 | € 782,061 | € 782,069 | |
| Bank debt | € 106,462 | € 247,978 | € 230,180 | € 223,021 | ▼ 3% |
| Balance sheet total | € 1,344,856 | € 1,509,143 | € 1,492,154 | € 1,435,941 | ▼ 4% |
| Employees (FTE) | 14.3 | 15.1 | 13.6 | 16.3 | ▲ 2.7 |
Key figures of KAAP, 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 KAAP?
What happened at KAAP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8 (▼ € 1,902 vs 2024). Source: NBB ↗
- Victorina Pettens became a director. NBB
- Birgit Cleppe became a director. NBB
- Maarten Quaghebeur became a director. NBB
- Dalila Hermans became a director. NBB
- New establishment in Brugge. KBO
- Elviera Velghe became a director. NBB
- Nathalie Dewulf became a director. NBB
In short
From € 17,833 profit in 2022 to € 8 profit in 2025.
Paid € 3,997 in corporate taxes since 2022.
Best year ever: 2022, with € 17,833 profit.
On average € 71,400 of value added per employee in 2025.
Management
Behind KAAP are Victorina Pettens, Elviera Velghe, Bart Caron, Lieven Fiers, Valery De Smedt and Maarten Quaghebeur. Bart Caron is also behind De Vlaamse Radio- en Televisieomroeporganisatie, Oxalys, Unie der Zorgelozen, DEMOS and meemoo, Vlaams instituut voor het archief. Lieven Fiers is also behind BEDRIJVENCENTRUM REGIO BRUGGE and Centrum Algemeen Welzijnswerk Noord-West-Vlaanderen.
Directors
According to the 2025 annual accounts
Victorina Pettens
Director
since 2025
Elviera Velghe
Director
since 2019
Bart Caron
Chairman of the board
Also active at: De Vlaamse Radio- en Televisieomroeporganisatie, Oxalys, Unie der Zorgelozen, DEMOS, meemoo, Vlaams instituut voor het archief, HISTORIES
since 2015
Lieven Fiers
Director
Also active at: BEDRIJVENCENTRUM REGIO BRUGGE, Centrum Algemeen Welzijnswerk Noord-West-Vlaanderen
since 2013
Valery De Smedt
Director
since 2015
Maarten Quaghebeur
Director
since 2023
Nathalie Dewulf
Director
since 2019
Dalila Hermans
Director
since 2022
Birgit Cleppe
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Groenestraat 19b
8000 Brugge
Werfstraat 108
8000 Brugge
Active since 28 August 2006
Koning Boudewijnpromenade 10
8400 Oostende
Active since 1 June 2019
Groenestraat 19B
8000 Brugge
Active since 1 January 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.510.033
- VAT number
- BE 0432.510.033
- Registered office
- Groenestraat 19b, 8000 Brugge
- Names & denominations
- KAAP
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 11 August 1986
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Exploitatie van schouwburgen, concertzalen en dergelijke
Diensten verwant aan de scheppende en uitvoerende kunst
Literaire creatie
Organisatie van congressen en beurzen
Maken van geluidsopnamen
Gespecialiseerde beeld-, verlichtings- en geluidstechnieken
Cafés en bars
Scheppende kunsten, m.u.v. ondersteunende diensten