Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
PZ 2 from Brugge, company number BE0821667501, closed financial year 2025 with a result of € 173,545 after tax. For that financial year PZ 2 recorded a gross margin of € 774,352 and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 288,953 to € 173,545. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 1.8 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 173,545
▼ 40% vs 2024
Profit after tax over the fiscal year.
€ 25,072
▼ 78% 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 € 1.5 million.
People and assets in 2025
1.1
Average over the fiscal year, from the social balance sheet.
€ 66,579
▲ 9% vs 2024
€ 60,500 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.
€ 402,719
▼ 14% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.5 million
▲ 9% vs 2024
€ 439,228 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 17,935
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 40,613
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 618,996 | € 902,886 | € 931,988 | € 774,352 | ▼ 17% |
| Profit after taxes | € 262,496 | € 446,343 | € 288,953 | € 173,545 | ▼ 40% |
| Equity | € 849,451 | € 1,295,794 | € 1,584,747 | € 1,758,291 | ▲ 11% |
| Total debts | € 4,712,207 | € 4,480,403 | € 4,849,421 | € 4,808,770 | ▼ 1% |
| Cash | € 141,196 | € 13,534 | € 113,606 | € 25,072 | ▼ 78% |
| Land & buildings | € 4,787,185 | € 4,646,740 | € 5,132,436 | € 5,543,497 | ▲ 8% |
| Retained profit | € 573,632 | € 1,019,974 | € 1,308,927 | € 1,482,472 | ▲ 13% |
| Bank debt | € 4,213,061 | € 3,945,507 | € 4,127,242 | € 4,513,435 | ▲ 9% |
| Balance sheet total | € 5,561,658 | € 5,776,197 | € 6,434,168 | € 6,567,061 | ▲ 2% |
| Employees (FTE) | 1.1 | 1.1 | 1.1 | 1.1 |
By gross margin, PZ 2 ranks 1st of 7 companies with main activity “Cafés en bars” in Brugge that publish figures (fiscal year 2025).
Key figures of PZ 2, 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 PZ 2 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 PZ 2?
What happened at PZ 2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 173,545 (▼ 40% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 262,496 profit in 2022 to € 173,545 profit in 2025.
Paid € 250,653 in corporate taxes since 2022.
Best year ever: 2023, with € 446,343 profit.
On average € 704,000 of value added per employee in 2025.
Management
Behind PZ 2 are Koen Jonckheere and Ade D'Haene. Koen Jonckheere is also behind ONTWERPBUREAU PAUWELS, SBJ INVEST and STUDIEBUREAU JONCKHEERE.
Directors
According to the 2025 annual accounts
Ade D'Haene
Director
Establishments
Establishment units
Physical locations of this company
Pad Zevenbergen 2
8200 Brugge
Hauwerstraat 15
8000 Brugge
Active since 1 February 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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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 ↗- JONCKHEERE Koen Pol Michiel(oprichter) 100%
Details
- Company number
- 0821.667.501
- VAT number
- BE 0821.667.501
- Registered office
- Pad Zevenbergen 2, 8200 Brugge
- Names & denominations
- PZ 2
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2009
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Cafés en bars
Activiteiten van holdings
Activiteiten van bouwarchitecten
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Catering van evenementen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Holdings
+3