Financials
Financial year 2024
UNIT 3 SUBSEA SOLUTIONS from Brugge, company number BE0525895990, closed financial year 2024 with a result of € 109,590 after tax. For that financial year UNIT 3 SUBSEA SOLUTIONS recorded a gross margin of € 173,192 and equity of € 475,874. Compared with financial year 2023, the result moved from € 2,023 to € 109,590. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 27, 2025.
€ 475,874
▼ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,590
▲ € 107,567 vs 2023
Profit after tax over the fiscal year.
€ 117,113
▲ 42% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 122,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
€ 18,567
▲ 56% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 181,235
▼ 8% vs 2023
€ 15,970 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 10,105
▼ 70% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 6,756
▼ 44% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 166,935 | € 152,686 | € 42,908 | € 173,192 | ▲ € 130,285 |
| Profit after taxes | € 78,210 | € 77,299 | € 2,023 | € 109,590 | ▲ € 107,567 |
| Equity | € 437,963 | € 486,262 | € 488,285 | € 475,874 | ▼ 3% |
| Total debts | € 389,110 | € 350,386 | € 242,997 | € 320,096 | ▲ 32% |
| Cash | € 116,921 | € 137,403 | € 82,185 | € 117,113 | ▲ 42% |
| Land & buildings | € 442,174 | € 432,770 | € 423,392 | € 414,037 | ▼ 2% |
| Retained profit | € 437,463 | € 485,762 | € 487,785 | € 475,374 | ▼ 3% |
| Dividend | € 70,000 | € 29,000 | € 0 | € 122,000 | |
| Bank debt | € 249,869 | € 254,138 | € 196,950 | € 181,235 | ▼ 8% |
| Balance sheet total | € 827,072 | € 836,648 | € 731,282 | € 795,970 | ▲ 9% |
Key figures of UNIT 3 SUBSEA SOLUTIONS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to UNIT 3 SUBSEA SOLUTIONS?
What happened at UNIT 3 SUBSEA SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 109,590 (▲ € 107,567 vs 2023). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
- Kurt Huygelier became a director. NBB
In short
From € 78,210 profit in 2021 to € 109,590 profit in 2024.
Paid € 115,308 in corporate taxes since 2021.
Best year ever: 2024, with € 109,590 profit.
Paid out € 221,000 in dividends to the owners in total.
Management
Behind UNIT 3 SUBSEA SOLUTIONS is Kurt Huygelier. Kurt Huygelier is also behind ENVIROS SURVEY.
Directors
According to the 2024 annual accounts
since 2013
Establishments
Establishment units
Physical locations of this company
De Linde 16
8310 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Domain
Domain
unit3subsea.com
Registered
2012-11-06
Registrar
One.com A/S
Expires
2026-11-06
Website info
Features
Security
Network
Details
- Company number
- 0525.895.990
- VAT number
- BE 0525.895.990
- Registered office
- De Linde 16, 8310 Brugge
- Names & denominations
- UNIT 3 SUBSEA SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 4 April 2013
- Peppol
- Active · Active since 18 Jun 2025
- Contact
- unit3subsea.com
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