Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BPG Holdings III from Brugge, company number BE0788908918, closed financial year 2025 with a result of € -9,882 after tax. For that financial year BPG Holdings III recorded a gross margin of € -9,122 and equity of € 249.3 million. Compared with financial year 2024, the result moved from € -10,378 to € -9,882. The company made a loss. 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 April 21, 2026.
€ 249.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,882
▲ 5 % less loss than in 2024
Profit after tax over the fiscal year.
€ 5,804
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8.8 million
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -8,884,698 | € -9,300 | € -9,122 | ▲ € 177 |
| Profit after taxes | € -1,051,505 | € -10,378 | € -9,882 | ▲ € 496 |
| Equity | € 249,331,918 | € 249,321,540 | € 249,311,657 | |
| Total debts | € 8,893,298 | € 8,902,598 | € 8,911,625 | |
| Cash | € 7,738 | € 6,659 | € 5,804 | ▼ 13% |
| Retained profit | € -1,051,505 | € -1,061,883 | € -1,071,766 | ▼ € 9,882 |
| Balance sheet total | € 258,225,216 | € 258,224,137 | € 258,223,282 |
Key figures of BPG Holdings III, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
Ask about BPG Holdings III the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
Connect ChatGPT or Claude for free- ChatGPT
- Claude
Free account, no payment card. Key figures unlimited, the annual accounts and deeds of 10 companies a month. Need more? Get in touch, we are looking for our first pilot users.
What happened to BPG Holdings III?
What happened at BPG Holdings III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,882. filed late Source: NBB ↗
- Hubert Lepoudre became a director. NBB
- Nagy Bejjani stepped down as director. NBB
- Scott Watts stepped down as director. NBB
- Bert Vermeersch became a director. NBB
- Jeffrey Moss stepped down as director. NBB
- Nagy Bejjani became a director. NBB
- Nico De Freest stepped down as director. NBB
In short
From € 1.1 million loss in 2023 to € 9,882 loss in 2025.
Paid € 3 in corporate taxes since 2023.
Management
Behind BPG Holdings III are Bert Vermeersch, Hubert Lepoudre and Vinay Ganesh Kumar. Bert Vermeersch is also behind VAN HOECKE AUTOMATION, BEP EUROPE and BPG Global Holdings Belgium. Hubert Lepoudre is also behind BEP EUROPE and BPG Global Holdings Belgium.
Directors
According to the 2025 annual accounts
Bert Vermeersch
Gedelegeerd bestuurder
Also active at: VAN HOECKE AUTOMATION, BEP EUROPE, BPG Global Holdings Belgium
since 2025
since 2025
Vinay Ganesh Kumar
Gedelegeerd bestuurder
since 2022
Nagy Bejjani
Gedelegeerd bestuurder
since 2024 · until 2025
Nico De Freest
Gedelegeerd bestuurder
Also active at: VAN HOECKE AUTOMATION, BPG Global Holdings Belgium
since 2022 · until 2024
Scott Watts
Gedelegeerd bestuurder
since 2024 · until 2025
Jeffrey Moss
Gedelegeerd bestuurder
since 2024 · until 2025
Establishments
Establishment units
Physical locations of this company
Ten Briele 6
8200 Brugge
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.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
DSTNY-BACKBONE International Backbone, BE
Website info
Features
Security
Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- BPG Holdings II-A Limited(oprichter) 100%
Details
- Company number
- 0788.908.918
- VAT number
- BE 0788.908.918
- Registered office
- Ten Briele 6, 8200 Brugge
- Names & denominations
- BPG Holdings III
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 July 2022
- Peppol
- Active · Active since 3 Apr 2026
- Contact
- bepeurope.be