Financials
Financial year 2025
FLANDERS INSURANCE from Waregem, company number BE0705959565, closed financial year 2025 with a result of € 118,957 after tax. For that financial year FLANDERS INSURANCE recorded revenue of € 2 million and equity of € 578,679. Compared with financial year 2024, the result moved from € 137,815 to € 118,957. The company is profitable. 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 8, 2026.
€ 578,679
▲ 26% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 118,957
▼ 14% vs 2024
Profit after tax over the fiscal year.
€ 401,604
▲ 58% 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 € 558,679.
People and assets in 2025
10.7
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 819,080
▼ 1% vs 2024
€ 76,500 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.
€ 27,329
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 19,544
▼ 92% vs 2024
€ 5,963 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 109,931
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 55 days on average.
€ 122,133
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 1,825,610 | € 1,886,104 | € 2,041,141 | ▲ 8% |
| Gross margin | € 1,175,353 | - | - | - | |
| Profit after taxes | € 66,438 | € 125,769 | € 137,815 | € 118,957 | ▼ 14% |
| Equity | € 196,138 | € 321,907 | € 459,722 | € 578,679 | ▲ 26% |
| Total debts | € 1,368,267 | € 1,016,905 | € 529,868 | € 296,795 | ▼ 44% |
| Cash | € 164,698 | € 451,686 | € 254,644 | € 401,604 | ▲ 58% |
| Land & buildings | € 276,181 | € 241,232 | € 206,283 | € 171,334 | ▼ 17% |
| Retained profit | € 176,138 | € 301,907 | € 439,722 | € 558,679 | ▲ 27% |
| Bank debt | € 905,752 | € 645,064 | € 248,745 | € 19,544 | ▼ 92% |
| Balance sheet total | € 1,564,404 | € 1,338,812 | € 989,590 | € 875,473 | ▼ 12% |
| Employees (FTE) | 11.3 | 11.2 | 10.9 | 10.7 | ▼ 0.2 |
Key figures of FLANDERS INSURANCE, 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.
What happened to FLANDERS INSURANCE?
What happened at FLANDERS INSURANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 118,957 (▼ 14% vs 2024). Source: NBB ↗
- Immo Deblaere - Declerck BV became a director. NBB
- Marins BV became a director. NBB
- Verzekeringen Janson NV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 66,438 profit in 2022 to € 118,957 profit in 2025.
Paid € 208,304 in corporate taxes since 2022.
Best year ever: 2024, with € 137,815 profit.
On average € 104,000 of value added per employee in 2022.
Management
The stake of Howden Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FLANDERS INSURANCEBehind FLANDERS INSURANCE are Immo Deblaere - Declerck BV, Marins BV and Verzekeringen Janson NV. The shares are held by Howden Belgium (100%).
Directors
According to the 2025 annual accounts
Director · represented by Filip Deblaere
since 2024
Director · represented by Wouter Van den Daele
Also active at: Howden Belgium, WDR INSURANCE GROUP
since 2024
Director · represented by Marc Janson
since 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zuiderlaan 9
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0705.959.565
- VAT number
- BE 0705.959.565
- Registered office
- Zuiderlaan 9, 8790 Waregem
- Names & denominations
- FLANDERS INSURANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 September 2018
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars