Financials
Financial year 2025
MAN Brugge from Brugge, company number BE0444745790, closed financial year 2025 with a result of € 56,893 after tax. For that financial year MAN Brugge recorded a gross margin of € 933,519 and equity of € 818,800. Compared with financial year 2024, the result moved from € 288,671 to € 56,893. 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 July 6, 2026.
€ 818,800
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,893
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 36,450
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 43,334 paid out
76 % of the profit went to the shareholders, mostly to Immovac (50 % of the shares). That is where the money ends up.
People and assets in 2025
8
Average over the fiscal year, from the social balance sheet.
€ 674,929
▲ 10% vs 2024
€ 84,400 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.
€ 110,993
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 33,805
▼ 61% vs 2024
Loans from banks and other lenders, long and short.
€ 120,341
▼ 57% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 149,026
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 824,386 | € 1,074,028 | € 1,111,130 | € 933,519 | ▼ 16% |
| Profit after taxes | € 160,341 | € 299,201 | € 288,671 | € 56,893 | ▼ 80% |
| Equity | € 919,133 | € 859,068 | € 800,320 | € 818,800 | ▲ 2% |
| Total debts | € 682,889 | € 1,164,686 | € 845,246 | € 654,295 | ▼ 23% |
| Cash | € 130,073 | € 319,634 | € 46,861 | € 36,450 | ▼ 22% |
| Land & buildings | € 453,916 | € 397,100 | € 330,869 | € 253,658 | ▼ 23% |
| Retained profit | € 419,133 | € 359,068 | € 300,320 | € 318,800 | ▲ 6% |
| Dividend | € 203,048 | € 359,266 | € 347,419 | € 43,334 | ▼ 88% |
| Bank debt | € 247,955 | € 138,061 | € 86,735 | € 33,805 | ▼ 61% |
| Balance sheet total | € 1,627,089 | € 2,042,107 | € 1,657,203 | € 1,473,095 | ▼ 11% |
| Employees (FTE) | 9 | 8 | 8 | 8 |
Key figures of MAN Brugge, 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 MAN Brugge?
What happened at MAN Brugge in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BRAEM INVEST NV stepped down as director. NBB
- IMMOVAC NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 56,893 (▼ 80% vs 2024). Source: NBB ↗
- BRAEM INVEST NV became a director. NBB
- IMMOVAC NV became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 160,341 profit in 2022 to € 56,893 profit in 2025.
Paid € 166,619 in corporate taxes since 2022.
Best year ever: 2023, with € 299,201 profit.
On average € 116,700 of value added per employee in 2025.
Management
The stake of Immovac, Braem Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MAN BruggeThe shares are held by Immovac (50%) and Braem Invest (50%).
Directors
According to the 2025 annual accounts
Managing director · represented by JOHAN BRAEM
Also active at: BRAEM, IMBRACO, Van & Truck Rental, TSE TRUCK SERVICE EUROPE, IMMO WEST-VLAANDEREN, MAN WEST-VLAANDEREN
since 2023 · until 2029
Managing director · represented by Claire Hoste
Also active at: BRAEM, IMBRACO, Van & Truck Rental, TSE TRUCK SERVICE EUROPE, IMMO WEST-VLAANDEREN, MAN WEST-VLAANDEREN
since 2023 · until 2029
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gotevlietstraat 26
8000 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
- 0444.745.790
- VAT number
- BE 0444.745.790
- Registered office
- Gotevlietstraat 26, 8000 Brugge
- Names & denominations
- MAN Brugge
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 1991
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in andere motorvoertuigen (> 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van overige motorvoertuigen (> 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)