Financials
Financial year 2025
Dam 122 from Brugge, company number BE0834188914, closed financial year 2025 with a result of € 819,451 after tax. Compared with financial year 2024, the result moved from € 880,954 to € 819,451. 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 August 29, 2026.
€ 12.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 819,451
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 902,854
▲ 28% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
61 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 11 million
▲ 47% vs 2024
€ 314,286 is repaid this year. At this pace the long-term loan is gone in ≈ 35 years.
€ 226,073
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 98 days on average.
€ 64,690
▲ € 60,087 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 3,394,485 | € 374,734 | € 880,954 | € 819,451 | ▼ 7% |
| Equity | € 11,744,338 | € 11,769,072 | € 12,250,026 | € 12,569,477 | ▲ 3% |
| Total debts | € 8,648,026 | € 8,329,455 | € 8,171,647 | € 11,999,091 | ▲ 47% |
| Cash | € 47,500 | € 120,999 | € 705,688 | € 902,854 | ▲ 28% |
| Land & buildings | € 2,773,887 | € 2,659,534 | € 2,545,181 | € 2,430,827 | ▼ 4% |
| Retained profit | € 5,643,836 | € 5,683,264 | € 6,178,911 | € 6,513,055 | ▲ 5% |
| Dividend | € 0 | € 350,000 | € 400,000 | € 500,000 | ▲ 25% |
| Bank debt | € 8,046,535 | € 7,547,856 | € 7,479,678 | € 11,032,143 | ▲ 47% |
| Balance sheet total | € 20,652,913 | € 20,346,787 | € 20,657,904 | € 24,792,734 | ▲ 20% |
Key figures of Dam 122, 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 Dam 122?
What happened at Dam 122 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 819,451 (▼ 7% vs 2024). filed late Source: NBB ↗
- PILOBE BV became a director. NBB
- LUKOS 24 became a director. NBB
- Kathy DEMUYNCK became a director. NBB
- Guy PIETTE became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.4 million profit in 2022 to € 819,451 profit in 2025.
Paid € 235,413 in corporate taxes since 2022.
Best year ever: 2022, with € 3.4 million profit.
Paid out € 1.3 million in dividends to the owners in total.
Management
Behind Dam 122 are PILOBE BV, LUKOS 24, Kathy DEMUYNCK and Guy PIETTE. It owns 100% of GLUECOM, 100% of GLUECOM UK LTD, 100% of GLUECOM DEUTSCHLAND GMBH, 100% of DEMCOPACK POLSKA SP. Z O.O. and 100% of LABORD GLUECOM FRANCE SARL itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Xavier Desimpel
since 2020
Kathy DEMUYNCK
Director
Also active at: GLUECOM, Jozeph, IMMO NADELIN, INTER FINANCE, D - INTERIEUR, GOLFBUTLER
since 2020
since 2020
Establishments
Establishment units
Physical locations of this company
Pathoekeweg 122
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
- 0834.188.914
- VAT number
- BE 0834.188.914
- Registered office
- Pathoekeweg 122, 8000 Brugge
- Names & denominations
- Dam 122
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 March 2011
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in eigen onroerend goed