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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
dormakaba Belgium from Brugge, company number BE0455986706, closed financial year 2025 with a result of € -2.6 million after tax. For that financial year dormakaba Belgium recorded revenue of € 25.6 million and equity of € -1.5 million. Compared with financial year 2024, the result moved from € -333,563 to € -2.6 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 October 20, 2025.
€ -1.5 million
▼ € 2.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.6 million
▼ 687 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.1 million.
People and assets in 2025
102.5
▲ 10 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.3 million
▲ 17% vs 2024
€ 80,900 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.
€ 30,156
▲ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2 million
▲ € 2 million vs 2024
Loans from banks and other lenders, long and short.
€ 3 million
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 1.5 million
▼ 23% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 25,877,249 | € 25,653,032 | € 28,091,258 | € 25,586,449 | ▼ 9% |
| Profit after taxes | € -190,367 | € 425,470 | € -333,563 | € -2,623,908 | ▼ € 2.3 million |
| Equity | € 1,070,636 | € 1,496,105 | € 1,162,543 | € -1,461,365 | ▼ € 2.6 million |
| Total debts | € 6,079,731 | € 9,590,953 | € 9,785,652 | € 8,422,112 | ▼ 14% |
| Retained profit | € -1,590,560 | € -1,165,091 | € -1,498,653 | € -4,122,561 | ▼ € 2.6 million |
| Bank debt | € 0 | € 0 | € 180 | € 2,000,000 | ▲ € 2 million |
| Balance sheet total | € 7,150,367 | € 11,087,058 | € 10,948,195 | € 6,960,748 | ▼ 36% |
| Employees (FTE) | 84.7 | 88.8 | 92.5 | 102.5 | ▲ 10 |
Key figures of dormakaba Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to dormakaba Belgium?
What happened at dormakaba Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Grawehr stepped down as director. NBB
- Gerald Desmet stepped down as director. NBB
- Steve Bewick stepped down as director. NBB
- Petkov Svilen Yordanov stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.6 million. Source: NBB ↗
- Patrick Grawehr became a director. NBB
- Gerald Desmet became a director. NBB
- Steve Bewick became a director. NBB
In short
From € 190,367 loss in 2022 to € 2.6 million loss in 2025.
Paid € 417,788 in corporate taxes since 2022.
Best year ever: 2023, with € 425,470 profit.
Pays suppliers within 55 days on average.
Management
Directors
According to the 2025 annual accounts
Patrick Grawehr
Director
since 2024 · until 2027
Gerald Desmet
Director
since 2024 · until 2027
Steve Bewick
Director
since 2024 · until 2027
Petkov Svilen Yordanov
Director
since 2024 · until 2027
Establishments
Establishment units
Physical locations of this company
Monnikenwerve 17-19
8000 Brugge
Monnikenwerve 17_19
8000 Brugge
Active since 11 October 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →EXPLOITATIEMAATSCHAPPIJ MO
€ 1.5 million gross margin · 2025
DORMA HUPPE
SOFIEC
JOYCE INVEST
€ 624,614 gross margin · 2025
LIBERAAL VERBOND VOOR ZELFSTANDIGEN - TREFPUNT BRUGGE
+23 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0455.986.706
- VAT number
- BE 0455.986.706
- Registered office
- Monnikenwerve 17-19, 8000 Brugge
- Names & denominations
- dormakaba Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 September 1995
- Peppol
- Active · Active since 10 Mar 2026
- Activities · NACE
Vervaardiging van metalen deuren en vensters
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Vervaardiging van metalen constructiewerken en delen daarvan
Overige werkzaamheden in verband met de afwerking van gebouwen
Vervaardiging van metalen constructiewerken en onderdelen daarvan