Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BOFO from Brugge, company number BE0745779451, closed financial year 2025 with a result of € -21,403 after tax. For that financial year BOFO recorded a gross margin of € 88,423 and equity of € -96,445. Compared with financial year 2024, the result moved from € 8,739 to € -21,403. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ -96,445
▼ € 21,403 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,403
▼ still € 8,739 profit in 2024
Profit after tax over the fiscal year.
€ 5,023
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -106,445.
People and assets in 2025
€ 63,487
▲ 30% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 120,536
▲ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 149,413
▼ 20% vs 2024
€ 39,040 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 48,375
▲ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,672
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 75,754 | € 98,224 | € 99,682 | € 88,423 | ▼ 11% |
| Profit after taxes | € -42,433 | € 3,677 | € 8,739 | € -21,403 | ▼ € 30,143 |
| Equity | € -87,458 | € -83,781 | € -75,042 | € -96,445 | ▼ € 21,403 |
| Total debts | € 541,786 | € 523,760 | € 523,427 | € 513,279 | ▼ 2% |
| Cash | € 5,543 | € 23,462 | € 12,139 | € 5,023 | ▼ 59% |
| Land & buildings | € 312,734 | € 291,963 | € 282,479 | € 260,871 | ▼ 8% |
| Retained profit | € -97,458 | € -93,781 | € -85,042 | € -106,445 | ▼ € 21,403 |
| Bank debt | € 261,802 | € 223,987 | € 186,126 | € 149,413 | ▼ 20% |
| Balance sheet total | € 454,328 | € 439,979 | € 448,385 | € 416,834 | ▼ 7% |
Key figures of BOFO, 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 BOFO?
What happened at BOFO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,403 (▼ € 30,143 vs 2024). filed late Source: NBB ↗
- New establishment in Brugge. KBO
- TINE HESSELS became a director. NBB
- GUS HESSELS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 42,433 loss in 2022 to € 21,403 loss in 2025.
Paid € 59 in corporate taxes since 2022.
Best year ever: 2024, with € 8,739 profit.
A new publication or filing at BOFO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind BOFO are TINE HESSELS and GUS HESSELS. TINE HESSELS is also behind MEMLINC and CYGNUS HOTEL GROUP.
Directors
According to the 2025 annual accounts
since 2020
GUS HESSELS
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Sint-Jakobsstraat 44
8000 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0745.779.451
- VAT number
- BE 0745.779.451
- Registered office
- Sint-Jakobsstraat 44, 8000 Brugge
- Names & denominations
- BOFO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 2020
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Gastenkamers
Cafés en bars