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 51 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
IMMO SPEGELAERE from Brugge, company number BE0461276966, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year IMMO SPEGELAERE recorded revenue of € 1 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 920,487 to € 1.1 million. 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 October 27, 2025.
€ 2.2 million
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ 14% vs 2024
Profit after tax over the fiscal year.
€ 539,439
▲ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 650,000 paid out
62 % of the profit went to the shareholders, mostly to SPEGELAERE MANAGEMENT (50 % of the shares). That is where the money ends up.
Debts at end 2025
€ 2.2 million
▼ 11% vs 2024
€ 233,333 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 14,559
▲ € 11,698 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 33 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 300,000 | € 800,000 | € 1,000,000 | ▲ 25% |
| Gross margin | € 1,425,486 | - | - | - | |
| Profit after taxes | € 852,357 | € 405,207 | € 920,487 | € 1,050,570 | ▲ 14% |
| Equity | € 1,581,644 | € 1,641,851 | € 1,762,338 | € 2,162,908 | ▲ 23% |
| Total debts | € 4,654,954 | € 3,999,362 | € 3,988,484 | € 3,621,613 | ▼ 9% |
| Cash | € 240,365 | € 235,585 | € 319,369 | € 539,439 | ▲ 69% |
| Land & buildings | € 3,954,001 | € 3,728,648 | € 3,534,684 | € 3,263,042 | ▼ 8% |
| Retained profit | € 142,144 | € 202,351 | € 322,838 | € 723,408 | ▲ 124% |
| Dividend | € 1,200,000 | € 345,000 | € 800,000 | € 650,000 | ▼ 19% |
| Bank debt | € 3,053,333 | € 2,733,333 | € 2,413,333 | € 2,158,333 | ▼ 11% |
| Balance sheet total | € 6,236,598 | € 5,641,213 | € 5,750,821 | € 5,784,520 | ▲ 1% |
Key figures of IMMO SPEGELAERE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to IMMO SPEGELAERE?
What happened at IMMO SPEGELAERE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ 14% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 852,357 profit in 2022 to € 1.1 million profit in 2025.
Paid € 316,287 in corporate taxes since 2022.
Best year ever: 2025, with € 1.1 million profit.
Paid out € 3 million in dividends to the owners in total.
Management
The stake of SPEGELAERE MANAGEMENT, SPEGELAERE BRUGGE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO SPEGELAEREBehind IMMO SPEGELAERE are Spegelaere Management BV and Spegelaere Brugge BV. The shares are held by SPEGELAERE MANAGEMENT (50%) and SPEGELAERE BRUGGE (50%). It owns 100% of Autobedrijf Spegelaere itself.
Directors
According to the 2025 annual accounts
Director · represented by Frederik Spegelaere
Also active at: TER STEENE, Autobedrijf Spegelaere
Director · represented by Filip Spegelaere
Also active at: TER STEENE, Autobedrijf Spegelaere
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Legeweg 180
8200 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Details
- Company number
- 0461.276.966
- VAT number
- BE 0461.276.966
- Registered office
- Legeweg 180, 8200 Brugge
- Names & denominations
- IMMO SPEGELAERE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 1997
- Peppol
- Active · Active since 6 Nov 2025
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Activiteiten van holdings
Holdings
Overige zakelijke dienstverlening, neg