What does TWG Real Estate do?

TWG Real Estate is registered with the CBE as active in: Activiteiten van holdings. Private Limited, started on 15 February 2011, 1 establishment.

What is the address of TWG Real Estate?

The registered office of TWG Real Estate is located at Pathoekeweg 15, 8000 Brugge.

Is TWG Real Estate still active?

Yes. According to the CBE (30 October 2026) TWG Real Estate is active, legal situation “Normale toestand”, started on 15 February 2011.

Is TWG Real Estate registered on Peppol?

Yes, TWG Real Estate is registered on the Peppol network with ID 0208:0833746276.

What is the enterprise number of TWG Real Estate?

The enterprise number of TWG Real Estate is BE0833746276.

When was TWG Real Estate founded?

TWG Real Estate was founded on 15 February 2011.

Who are the directors of TWG Real Estate?

According to the 2025 annual accounts, the directors of TWG Real Estate are: PGMS NV, Lacosy BV, O'Tentic BV.

Is TWG Real Estate a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 February 2011; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did TWG Real Estate make in 2025?

TWG Real Estate posted a profit after taxes of € 128,516 in financial year 2025.

What is the revenue of TWG Real Estate?

As a small company, TWG Real Estate is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 429,100.

TWG Real Estate (Private Limited) - Brugge - BE0833746276

Dossier TWG Real Estate, printed on 30 October 2026 from databakkes.be/en/0833746276/twg-real-estate. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

TWG Real Estate from Brugge, company number BE0833746276, closed financial year 2025 with a result of € 128,516 after tax. For that financial year TWG Real Estate recorded a gross margin of € 429,100 and equity of € 581,036. Compared with financial year 2024, the result moved from € 46,968 to € 128,516. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.

What it is worth Growing

€ 581,036

▲ 28% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 128,516

▲ 174% vs 2024

Profit after tax over the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 281,036.

Debts at end 2025

Bank debt ≈ 10 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 2 million

▼ 9% vs 2024

€ 204,813 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 14,413

▲ 272% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 13,714

▲ 116% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 192,086 Gross margin 2022: € 192,086 First fiscal year in the series	€ 289,429 Gross margin 2023: € 289,429 ▲ 51% vs 2022 (€ 192,086) Favourable step	€ 367,612 Gross margin 2024: € 367,612 ▲ 27% vs 2023 (€ 289,429) Favourable step	€ 429,100 Gross margin 2025: € 429,100 ▲ 17% vs 2024 (€ 367,612) Favourable step	▲ 17%
Profit after taxes	€ 2,234 Profit after taxes 2022: € 2,234 First fiscal year in the series	€ 26,701 Profit after taxes 2023: € 26,701 ▲ € 24,467 vs 2022 (€ 2,234) Favourable step	€ 46,968 Profit after taxes 2024: € 46,968 ▲ 76% vs 2023 (€ 26,701) Favourable step	€ 128,516 Profit after taxes 2025: € 128,516 ▲ 174% vs 2024 (€ 46,968) Favourable step	▲ 174%
Equity	€ 378,852 Equity 2022: € 378,852 First fiscal year in the series	€ 405,553 Equity 2023: € 405,553 ▲ 7% vs 2022 (€ 378,852) Favourable step	€ 452,521 Equity 2024: € 452,521 ▲ 12% vs 2023 (€ 405,553) Favourable step	€ 581,036 Equity 2025: € 581,036 ▲ 28% vs 2024 (€ 452,521) Favourable step	▲ 28%
Total debts	€ 4,538,774 Total debts 2022: € 4,538,774 First fiscal year in the series	€ 4,342,198 Total debts 2023: € 4,342,198 ▼ 4% vs 2022 (€ 4,538,774) Favourable step	€ 4,172,678 Total debts 2024: € 4,172,678 ▼ 4% vs 2023 (€ 4,342,198) Favourable step	€ 3,990,225 Total debts 2025: € 3,990,225 ▼ 4% vs 2024 (€ 4,172,678) Favourable step	▼ 4%
Cash	€ 37,361 Cash 2022: € 37,361 First fiscal year in the series	-	-	-
Land & buildings	€ 4,223,450 Land & buildings 2022: € 4,223,450 First fiscal year in the series	€ 4,082,975 Land & buildings 2023: € 4,082,975 ▼ 3% vs 2022 (€ 4,223,450) Unchanged	€ 3,949,410 Land & buildings 2024: € 3,949,410 ▼ 3% vs 2023 (€ 4,082,975) Unchanged	€ 3,850,390 Land & buildings 2025: € 3,850,390 ▼ 3% vs 2024 (€ 3,949,410) Unchanged	▼ 3%
Retained profit	€ 78,852 Retained profit 2022: € 78,852 First fiscal year in the series	€ 105,553 Retained profit 2023: € 105,553 ▲ 34% vs 2022 (€ 78,852) Favourable step	€ 152,521 Retained profit 2024: € 152,521 ▲ 44% vs 2023 (€ 105,553) Favourable step	€ 281,036 Retained profit 2025: € 281,036 ▲ 84% vs 2024 (€ 152,521) Favourable step	▲ 84%
Bank debt	€ 2,643,238 Bank debt 2022: € 2,643,238 First fiscal year in the series	€ 2,438,570 Bank debt 2023: € 2,438,570 ▼ 8% vs 2022 (€ 2,643,238) Favourable step	€ 2,233,857 Bank debt 2024: € 2,233,857 ▼ 8% vs 2023 (€ 2,438,570) Favourable step	€ 2,029,097 Bank debt 2025: € 2,029,097 ▼ 9% vs 2024 (€ 2,233,857) Favourable step	▼ 9%
Balance sheet total	€ 4,917,626 Balance sheet total 2022: € 4,917,626 First fiscal year in the series	€ 4,747,751 Balance sheet total 2023: € 4,747,751 ▼ 3% vs 2022 (€ 4,917,626) Unchanged	€ 4,625,199 Balance sheet total 2024: € 4,625,199 ▼ 3% vs 2023 (€ 4,747,751) Unchanged	€ 4,571,261 Balance sheet total 2025: € 4,571,261 ▼ 1% vs 2024 (€ 4,625,199) Unchanged	▼ 1%

Key figures of TWG Real Estate, 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 TWG Real Estate?

What happened at TWG Real Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Lacosy BV stepped down as director. NBB
2027 O'Tentic BV stepped down as director. NBB
Jul 10, 2026 New annual accounts for financial year 2025: profit of € 128,516 (▲ 174% vs 2024). Source: NBB ↗
2025 Lacosy BV became a director. NBB
2023 O'Tentic BV became a director. NBB
2022 PGMS NV became a director. NBB
Feb 15, 2011 New establishment in Brugge. KBO
Feb 15, 2011 Start of the company according to the CBE. KBO

In short

From € 2,234 profit in 2022 to € 128,516 profit in 2025.

Paid € 69,714 in corporate taxes since 2022.

Best year ever: 2025, with € 128,516 profit.

Original PDFs at the National Bank ↗

Management

DASSY EUROPE 100%

The stake of DASSY EUROPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

TWG Real Estate

Behind TWG Real Estate is PGMS NV. The shares are held by DASSY EUROPE (100%).

Directors

According to the 2025 annual accounts

PGMS NV

Director · represented by Philip Ghekiere

Also active at: KINEPOLIS GROUP, Belconfect, TWG Service, PROTEQ, The Workwear Group, Radius LeaseWear, DRESS CONFECT, LEMCO VASTGOED +1 more

since 2022

Lacosy BV

Director · represented by Pieter Cosyn

Also active at: TWG Service, PROTEQ, Radius LeaseWear, DRESS CONFECT, DASSY EUROPE

since 2025 · until 2029

O'Tentic BV

Managing director · represented by Veronique Mulliez

Also active at: Belconfect, TWG Service, PROTEQ, The Workwear Group, Radius LeaseWear, DRESS CONFECT, DASSY EUROPE

since 2023 · until 2027

Shareholders

DASSY EUROPE

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Pathoekeweg 15

8000 Brugge

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

TWG Service same network

€ 38.8 million revenue · 2025

PROTEQ same network

€ 437,017 gross margin · 2025

Radius LeaseWear same network

€ 1.7 million gross margin · 2025

DRESS CONFECT same network

€ 287,201 gross margin · 2025

DASSY EUROPE same network

€ 48.8 million revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0833.746.276

VAT number

BE 0833.746.276

Registered office

Pathoekeweg 15, 8000 Brugge

Names & denominations

TWG Real Estate

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

15 February 2011

Peppol

Active · Active since 15 Dec 2025

Activities · NACE

Activiteiten van holdings

Holdings

Handel in eigen onroerend goed

View on CBE Public ↗ Annual accounts (NBB) ↗

TWG Real Estate

Warning lights

Financials

What happened to TWG Real Estate?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions