Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 19.1 to 11.3.
Financials
Financial year 2025
De Brug from De Panne, company number BE0466568911, closed financial year 2025 with a result of € 4.4 million after tax. For that financial year De Brug recorded revenue of € 32.3 million and equity of € 2.2 million. Compared with financial year 2023, the result moved from € 774,056 to € 4.4 million. Profitable, and profit is growing. The buffer shrank hard: equity is 93 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ 2.2 million
▼ 93% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.4 million
▲ € 3.6 million vs 2023
Profit after tax over the fiscal year.
€ 454,463
▼ 86% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 31.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
11.3
▼ 6.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 85% vs 2023
€ 151,100 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.
€ 2,213
▼ 81% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 19,532
▼ 91% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 9,868
▼ 96% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 32,137,380 | € 30,665,907 | € 28,069,639 | € 32,320,244 | ▲ 15% |
| Profit after taxes | € 1,239,398 | € 692,238 | € 774,056 | € 4,386,147 | ▲ € 3.6 million |
| Equity | € 27,805,355 | € 28,497,592 | € 29,271,648 | € 2,157,796 | ▼ 93% |
| Total debts | € 352,092 | € 343,186 | € 466,836 | € 929,400 | ▲ 99% |
| Cash | € 11,035,267 | € 10,645,662 | € 3,312,403 | € 454,463 | ▼ 86% |
| Land & buildings | € 960,381 | € 927,999 | € 1,409,906 | € 969,913 | ▼ 31% |
| Retained profit | € 27,743,355 | € 28,435,592 | € 29,209,648 | € 2,095,796 | ▼ 93% |
| Dividend | € 0 | € 0 | € 0 | € 31,500,000 | |
| Balance sheet total | € 28,157,447 | € 28,840,778 | € 29,797,277 | € 3,087,196 | ▼ 90% |
| Employees (FTE) | 20.3 | 19.1 | 18.1 | 11.3 | ▼ 6.8 |
Key figures of De Brug, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 May 2027.
What happened to De Brug?
What happened at De Brug in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- TER ZIJDELING BV stepped down as director. NBB
- DE GRYSE VINCENT BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.4 million (▲ € 3.6 million vs 2023). Source: NBB ↗
- TER ZIJDELING BV became a director. NBB
- DE GRYSE VINCENT BV became a director. NBB
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2021 to € 4.4 million profit in 2025.
Paid € 856,399 in corporate taxes since 2021.
Best year ever: 2025, with € 4.4 million profit.
Paid out € 31.5 million in dividends to the owners in total.
Management
The stake of DE GRYSE VINCENT, TER ZIJDELING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
De BrugThe shares are held by DE GRYSE VINCENT (80%) and TER ZIJDELING (20%).
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2023 · until 2029
Shareholders
80%
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dijk 1
8660 De Panne
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.
Details
- Company number
- 0466.568.911
- VAT number
- BE 0466.568.911
- Registered office
- Dijk 1, 8660 De Panne
- Names & denominations
- De Brug
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 1999
- Peppol
- Active · Active since 1 Jan 2026
- Activities · NACE
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