Financials
Financial year 2025
MIDDLEGATE EUROPE from Brugge, company number BE0436918187, closed financial year 2025 with a result of € 19,437 after tax. For that financial year MIDDLEGATE EUROPE recorded revenue of € 11.3 million and equity of € 4.5 million. Compared with financial year 2024, the result moved from € -85,975 to € 19,437. 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 3, 2026.
€ 4.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19,437
▲ still € 85,975 loss in 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ 269% 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 € 3.3 million.
People and assets in 2025
36.2
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 1% vs 2024
€ 72,500 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.
€ 1.3 million
▼ 15% vs 2024
Of which on lease € 855,231.
Debts at end 2025
€ 2.3 million
▼ 17% vs 2024
€ 615,485 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.3 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.
€ 359,326
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,927,369 | € 12,299,356 | € 12,064,893 | € 11,349,226 | ▼ 6% |
| Profit after taxes | € 2,492,676 | € 531,497 | € -85,975 | € 19,437 | ▲ € 105,412 |
| Equity | € 4,657,231 | € 4,588,728 | € 4,502,753 | € 4,522,190 | |
| Total debts | € 5,422,773 | € 5,117,783 | € 4,838,284 | € 3,953,498 | ▼ 18% |
| Cash | € 353,993 | € 197,359 | € 453,117 | € 1,674,031 | ▲ 269% |
| Land & buildings | € 1,442,568 | € 1,438,552 | € 1,421,014 | € 1,408,996 | ▼ 1% |
| Retained profit | € 3,443,806 | € 3,375,303 | € 3,289,328 | € 3,308,765 | ▲ 1% |
| Dividend | € 0 | € 600,000 | € 0 | € 0 | |
| Bank debt | € 2,626,182 | € 2,727,355 | € 2,705,298 | € 2,250,612 | ▼ 17% |
| Balance sheet total | € 10,919,060 | € 10,545,567 | € 10,170,077 | € 9,286,306 | ▼ 9% |
| Employees (FTE) | 37.8 | 35.2 | 35.5 | 36.2 | ▲ 0.7 |
Key figures of MIDDLEGATE EUROPE, 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 MIDDLEGATE EUROPE?
What happened at MIDDLEGATE EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- KIM NOTMAN stepped down as director. NBB
- SANDRO CATALE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19,437. Source: NBB ↗
- KIM NOTMAN became a director. NBB
- SANDRO CATALE became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.5 million profit in 2022 to € 19,437 profit in 2025.
Paid € 186,124 in corporate taxes since 2022.
Best year ever: 2022, with € 2.5 million profit.
Paid out € 600,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of MIDDLEGATE (EUROPE) LIMITED BU - MARFLEET ENVIRONMENTAL TECHNOLOGY PARK itself.
Directors
According to the 2025 annual accounts
KIM NOTMAN
Managing director
since 2023 · until 2029
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Karveelstraat 36
8380 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
- 0436.918.187
- VAT number
- BE 0436.918.187
- Registered office
- Karveelstraat 36, 8380 Brugge
- Names & denominations
- MIDDLEGATE EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 March 1989
- Peppol
- Active · Active since 21 Jan 2026
- Activities · NACE
Goederenvervoer over de weg
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Handelsbemiddeling in goederen, algemeen assortiment
Verhuisactiviteiten
Verhuisdiensten