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 17.9 to 15.1.
Financials
Financial year 2025
FLANDERS SHIP REPAIR from Brugge, company number BE0467016297, closed financial year 2025 with a result of € 4.1 million after tax. For that financial year FLANDERS SHIP REPAIR recorded revenue of € 4.6 million and equity of € 7.2 million. Compared with financial year 2024, the result moved from € 933,471 to € 4.1 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 July 30, 2026.
€ 7.2 million
▲ 132% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4.1 million
▲ € 3.2 million vs 2024
Profit after tax over the fiscal year.
€ 320,207
▼ 47% 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 € 6.7 million.
People and assets in 2025
15.1
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
€ 73,700 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.
€ 6,242
▼ 45% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 90,535
▼ 72% vs 2024
Loans from banks and other lenders, long and short.
€ 491,979
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 173,428
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,548,809 | € 6,590,024 | € 8,164,045 | € 4,581,931 | ▼ 44% |
| Gross margin | € 1,749,961 | € 1,851,266 | € 2,293,315 | € 1,316,295 | ▼ 43% |
| Profit after taxes | € 332,458 | € 446,509 | € 933,471 | € 4,101,320 | ▲ € 3.2 million |
| Equity | € 1,906,713 | € 2,308,225 | € 3,109,697 | € 7,211,017 | ▲ 132% |
| Total debts | € 2,764,726 | € 2,532,223 | € 2,221,657 | € 1,358,486 | ▼ 39% |
| Cash | € 642,452 | € 343,482 | € 608,528 | € 320,207 | ▼ 47% |
| Land & buildings | € 14,277 | - | - | - | |
| Retained profit | € 1,392,021 | € 1,838,530 | € 2,640,001 | € 6,741,321 | ▲ 155% |
| Dividend | € 0 | € 0 | € 132,000 | € 0 | ▼ 100% |
| Bank debt | € 675,914 | € 327,638 | € 326,611 | € 90,535 | ▼ 72% |
| Balance sheet total | € 4,688,812 | € 4,841,261 | € 5,332,041 | € 8,570,066 | ▲ 61% |
| Employees (FTE) | 19.4 | 17.9 | 16.1 | 15.1 | ▼ 1 |
By revenue, FLANDERS SHIP REPAIR ranks 3rd of 4 companies with main activity “Reparatie en onderhoud van civiele schepen” in Brugge that publish figures (fiscal year 2025).
Key figures of FLANDERS SHIP REPAIR, 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.
Ask about FLANDERS SHIP REPAIR the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to FLANDERS SHIP REPAIR?
What happened at FLANDERS SHIP REPAIR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ku Dé Ta BVBA stepped down as director. NBB
- N.O. Invest BVBA stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 4.1 million (▲ € 3.2 million vs 2024). Source: NBB ↗
- Ku Dé Ta BVBA became a director. NBB
- N.O. Invest BVBA became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 332,458 profit in 2022 to € 4.1 million profit in 2025.
Paid € 631,760 in corporate taxes since 2022.
Best year ever: 2025, with € 4.1 million profit.
On average € 87,200 of value added per employee in 2025.
Management
The shares are held by Ku Dé Ta BVBA (60.5%) and N.O. Invest BVBA (39.5%).
Directors
According to the 2025 annual accounts
Managing director · represented by Johnny Hofman
Also active at: FLANDERS DRYDOCK, ANTWERP MARINE TECHNICS, SHIPREPAIR INVESTMENT
since 2023 · until 2029
Director · represented by Nico Opstaele
Also active at: FLANDERS DRYDOCK, ANTWERP MARINE TECHNICS, SHIPREPAIR INVESTMENT
since 2023 · until 2029
Shareholders
60.5%
39.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Jozef Verschaveweg 106
8380 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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.
Similar companies in Brugge
Same main activity (Reparatie en onderhoud van civiele schepen), 8 active companies in Brugge, largest first.
€ 17.5 million revenue · 2025
€ 15.1 million revenue · 2024
€ 1.7 million gross margin · 2025
€ 1.4 million revenue · 2024
€ 1.2 million gross margin · 2025
€ 586,472 gross margin · 2025
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
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Website info
Features
Security
Details
- Company number
- 0467.016.297
- VAT number
- BE 0467.016.297
- Registered office
- Jozef Verschaveweg 106, 8380 Brugge
- Names & denominations
- FLANDERS SHIP REPAIR · F.S.R.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 1999
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- fsr.be [email protected] 050/337050
- Activities · NACE
Reparatie en onderhoud van civiele schepen
Activiteiten van hoofdkantoren
Coördinatiecentra
Handelsbemiddeling in de groothandel in machines, apparaten en werktuigen voor de industrie en in schepen en luchtvaartuigen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en lease van machines en installaties voor de bouwnijverheid en de weg- en waterbouw
Verhuur van machines en installaties voor de bouwnijverheid
Bouw en reparatie van schepen
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