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 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BROUWERIJ DE HALVE MAAN from Brugge, company number BE0871950123, closed financial year 2025 with a result of € 419,999 after tax. For that financial year BROUWERIJ DE HALVE MAAN recorded revenue of € 20.4 million and equity of € 4.3 million. Compared with financial year 2024, the result moved from € 102,769 to € 419,999. 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 May 13, 2026.
€ 4.3 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 419,999
▲ € 317,230 vs 2024
Profit after tax over the fiscal year.
€ 439,430
▲ € 332,362 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 142,908 paid out
34 % of the profit went to the shareholders, mostly to H.M. Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
51.1
▲ 2.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.2 million
▲ 8% vs 2024
€ 81,500 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.
€ 8 million
▼ 16% vs 2024
Of which on lease € 7.9 million.
Debts at end 2025
€ 30.8 million
▼ 6% vs 2024
€ 5.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.6 million
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
€ 885,746
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,087,541 | € 19,001,460 | € 19,517,008 | € 20,401,761 | ▲ 5% |
| Profit after taxes | € -1,936,156 | € -674,278 | € 102,769 | € 419,999 | ▲ € 317,230 |
| Equity | € 4,918,586 | € 4,090,894 | € 4,049,018 | € 4,296,174 | ▲ 6% |
| Total debts | € 43,451,244 | € 41,384,030 | € 39,601,714 | € 37,378,767 | ▼ 6% |
| Cash | € 78,535 | € 126,004 | € 107,069 | € 439,430 | ▲ € 332,362 |
| Land & buildings | € 20,176,767 | € 19,080,882 | € 18,097,675 | € 18,447,719 | ▲ 2% |
| Retained profit | € 822,371 | € 148,094 | € 250,862 | € 527,953 | ▲ 110% |
| Dividend | € 0 | € 0 | € 0 | € 142,908 | |
| Bank debt | € 36,983,713 | € 34,766,125 | € 32,921,393 | € 30,846,080 | ▼ 6% |
| Balance sheet total | € 48,474,259 | € 45,571,320 | € 43,739,095 | € 41,755,271 | ▼ 5% |
| Employees (FTE) | 45.7 | 46.2 | 48.2 | 51.1 | ▲ 2.9 |
Key figures of BROUWERIJ DE HALVE MAAN, 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 BROUWERIJ DE HALVE MAAN?
What happened at BROUWERIJ DE HALVE MAAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 419,999 (▲ € 317,230 vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.9 million loss in 2022 to € 419,999 profit in 2025.
Paid € 37,526 in corporate taxes since 2022.
Best year ever: 2025, with € 419,999 profit.
Paid out € 142,908 in dividends to the owners in total.
Management
The stake of H.M. Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BROUWERIJ DE HALVE MAANBehind BROUWERIJ DE HALVE MAAN is Xavier Vanneste BV. The shares are held by H.M. Group (100%).
Directors
According to the 2025 annual accounts
Director · represented by Xavier Vanneste
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Walplein 26
8000 Brugge
Lieven Bauwensstraat 21
8200 Brugge
Active since 1 July 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →WULVENNEST
€ 63,409 gross margin · 2025
VERONIQUE MAES EN CIE
€ 168,207 gross margin · 2025
Axessa
€ 1.3 million gross margin · 2025
H.M. Group same network
€ 266,336 gross margin · 2025
Paula
€ 54,768 gross margin · 2025
+2 more
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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Details
- Company number
- 0871.950.123
- VAT number
- BE 0871.950.123
- Registered office
- Walplein 26, 8000 Brugge
- Names & denominations
- BROUWERIJ DE HALVE MAAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 February 2005
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- halvemaan.be
- Activities · NACE
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