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 50 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EXPLOITATIEMAATSCHAPPIJ ISZ from Brugge, company number BE0845017280, closed financial year 2025 with a result of € 81,122 after tax. For that financial year EXPLOITATIEMAATSCHAPPIJ ISZ recorded a gross margin of € 2.5 million and equity of € 93,627. Compared with financial year 2024, the result moved from € 40,092 to € 81,122. 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 June 25, 2026.
€ 93,627
▲ € 81,122 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 81,122
▲ 102% vs 2024
Profit after tax over the fiscal year.
€ 617,989
▲ 28% 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 € 75,077.
People and assets in 2025
21.3
▲ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
€ 49,600 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.
€ 13.1 million
▼ 5% vs 2024
Of which on lease € 13.1 million.
Debts at end 2025
€ 831,838
Loans from banks and other lenders, long and short.
€ 389,083
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 136,009
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,001,955 | € 2,312,557 | € 2,574,054 | € 2,476,265 | ▼ 4% |
| Profit after taxes | € 18,858 | € 20,745 | € 40,092 | € 81,122 | ▲ 102% |
| Equity | € -48,332 | € -27,587 | € 12,505 | € 93,627 | ▲ € 81,122 |
| Total debts | € 14,302,227 | € 13,482,901 | € 14,996,725 | € 14,248,874 | ▼ 5% |
| Cash | € 667,730 | € 346,709 | € 482,246 | € 617,989 | ▲ 28% |
| Retained profit | € -66,882 | € -46,137 | € -6,045 | € 75,077 | ▲ € 81,122 |
| Bank debt | € 0 | € 0 | € 0 | € 831,838 | |
| Balance sheet total | € 14,253,895 | € 13,455,314 | € 15,009,230 | € 14,342,501 | ▼ 4% |
| Employees (FTE) | 19 | 19.3 | 20.1 | 21.3 | ▲ 1.2 |
Key figures of EXPLOITATIEMAATSCHAPPIJ ISZ, 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 EXPLOITATIEMAATSCHAPPIJ ISZ?
What happened at EXPLOITATIEMAATSCHAPPIJ ISZ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Chavalie De Lodder stepped down as director. NBB
- Ann Bertin stepped down as director. NBB
- Belgian Coast Hotels NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 81,122 (▲ 102% vs 2024). Source: NBB ↗
- Chavalie De Lodder became a director. NBB
- Ann Bertin became a director. NBB
- Belgian Coast Hotels NV became a director. NBB
- New establishment in Brugge. KBO
In short
From € 18,858 profit in 2022 to € 81,122 profit in 2025.
Paid € 80,970 in corporate taxes since 2022.
Best year ever: 2025, with € 81,122 profit.
On average € 116,300 of value added per employee in 2025.
Management
The stake of Las Brisas, ARCHIMEDES OOSTENDE, European Lease and Finance Company comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EXPLOITATIEMAATSCHAPPIJ ISZThe shares are held by Las Brisas (80%), ARCHIMEDES OOSTENDE (10%) and European Lease and Finance Company (10%).
Directors
According to the 2025 annual accounts
Ann Bertin
Director
since 2023 · until 2029
Chavalie De Lodder
Director
Also active at: EXPLOITATIEMAATSCHAPPIJ MO, EXPLOITATIEMAATSCHAPPIJ IDP, Exploitatiemaatschappij IDH, EXPLOITATIEMAATSCHAPPIJ MB, EXPLOITATIEMAATSCHAPPIJ ISN, EXPLOITATIEMAATSCHAPPIJ IBA, EXPLOITATIEMAATSCHAPPIJ IBB, EXPLOITATIEMAATSCHAPPIJ IBKH +4 more
since 2025 · until 2031
Managing director · represented by Joachim Debucquoy
Also active at: EXPLOITATIEMAATSCHAPPIJ MO, EXPLOITATIEMAATSCHAPPIJ MB, EXPLOITATIEMAATSCHAPPIJ IBA, EXPLOITATIEMAATSCHAPPIJ IBB, EXPLOITATIEMAATSCHAPPIJ ISB, EXPLOITATIEMAATSCHAPPIJ PBAZ, EXPLOITATIEMAATSCHAPPIJ HBAZ
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Monnikenwerve 17-19
8000 Brugge
Kustlaan 97
8380 Brugge
Active since 4 April 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →EXPLOITATIEMAATSCHAPPIJ MO same network
€ 1.5 million gross margin · 2025
DORMA HUPPE
SOFIEC
JOYCE INVEST
€ 624,614 gross margin · 2025
LIBERAAL VERBOND VOOR ZELFSTANDIGEN - TREFPUNT BRUGGE
+23 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.017.280
- VAT number
- BE 0845.017.280
- Registered office
- Monnikenwerve 17-19, 8000 Brugge
- Names & denominations
- EXPLOITATIEMAATSCHAPPIJ ISZ
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2012
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Hotels en dergelijke accommodatie