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 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
M. en M. Inghelbrecht from Oostende, company number BE0433767766, closed financial year 2025 with a result of € 109,835 after tax. For that financial year M. en M. Inghelbrecht recorded a gross margin of € 665,970 and equity of € 750,094. Compared with financial year 2024, the result moved from € 26,740 to € 109,835. 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 June 29, 2026.
€ 750,094
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,835
▲ € 83,096 vs 2024
Profit after tax over the fiscal year.
€ 20,060
▲ € 19,380 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 40,000 paid out
36 % of the profit went to the shareholders, mostly to VESTA (61 % of the shares). That is where the money ends up.
People and assets in 2025
4.8
Average over the fiscal year, from the social balance sheet.
€ 328,697
▲ 4% vs 2024
€ 68,500 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.
€ 29,669
▼ 25% vs 2024
Of which on lease € 14,845.
Debts at end 2025
€ 655,349
▼ 3% vs 2024
€ 49,967 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 610,395
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 55,943
▲ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 450,375 | € 610,292 | € 443,891 | € 665,970 | ▲ 50% |
| Profit after taxes | € 7,626 | € 210,292 | € 26,740 | € 109,835 | ▲ € 83,096 |
| Equity | € 443,227 | € 653,519 | € 680,259 | € 750,094 | ▲ 10% |
| Total debts | € 1,422,570 | € 1,414,395 | € 1,576,438 | € 1,385,014 | ▼ 12% |
| Cash | € 59,052 | € 50,738 | € 681 | € 20,060 | ▲ € 19,380 |
| Retained profit | € 33,227 | € 243,519 | € 270,259 | € 340,094 | ▲ 26% |
| Dividend | € 0 | € 0 | € 0 | € 40,000 | |
| Bank debt | € 577,940 | € 609,574 | € 675,395 | € 655,349 | ▼ 3% |
| Balance sheet total | € 1,865,798 | € 2,067,914 | € 2,256,697 | € 2,135,108 | ▼ 5% |
| Employees (FTE) | - | - | - | 4.8 |
Key figures of M. en M. Inghelbrecht, 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 M. en M. Inghelbrecht?
What happened at M. en M. Inghelbrecht in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 109,835 (▲ € 83,096 vs 2024). Source: NBB ↗
- Marc Versluys became a director. NBB
- Martien Inghelbrecht became a director. NBB
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,626 profit in 2022 to € 109,835 profit in 2025.
Paid € 19,190 in corporate taxes since 2022.
Best year ever: 2023, with € 210,292 profit.
On average € 138,700 of value added per employee in 2025.
Management
The stake of VESTA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
M. en M. InghelbrechtBehind M. en M. Inghelbrecht are Marc Versluys and Martien Inghelbrecht. The shares are held by VESTA (61%).
Establishments
Establishment units
Physical locations of this company
Torhoutsesteenweg 547
8400 Oostende
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
TRANSIP-AS Amsterdam, the Netherlands, NL
Website info
Features
Security
Network
Details
- Company number
- 0433.767.766
- VAT number
- BE 0433.767.766
- Registered office
- Torhoutsesteenweg 547, 8400 Oostende
- Names & denominations
- M. en M. Inghelbrecht
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1988
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
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Detailhandel in fietsen
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