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 63 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5.3 to 4.4.
Financials
Financial year 2025
The Old Fiddler from Poperinge, company number BE0873873988, closed financial year 2025 with a result of € 208,291 after tax. For that financial year The Old Fiddler recorded a gross margin of € 624,917 and equity of € 477,893. Compared with financial year 2024, the result moved from € 176,442 to € 208,291. Profitable, and profit is growing. 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 July 22, 2026.
€ 477,893
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 208,291
▲ 18% vs 2024
Profit after tax over the fiscal year.
€ 38,119
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 170,000 paid out
82 % of the profit went to the shareholders, mostly to JONAS DESMEDT INVEST (100 % of the shares). That is where the money ends up.
People and assets in 2025
4.4
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 217,001
▼ 12% vs 2024
€ 49,300 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.
€ 65,346
▼ 45% vs 2024
Of which on lease € 905.
Debts at end 2025
€ 254,653
▼ 25% vs 2024
€ 74,466 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 12,738
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,299
▼ 11% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 522,879 | € 620,697 | € 630,476 | € 624,917 | ▼ 1% |
| Profit after taxes | € 183,128 | € 206,486 | € 176,442 | € 208,291 | ▲ 18% |
| Equity | € 336,673 | € 403,159 | € 439,602 | € 477,893 | ▲ 9% |
| Total debts | € 837,265 | € 685,289 | € 559,898 | € 473,353 | ▼ 15% |
| Cash | € 70,532 | € 68,142 | € 64,931 | € 38,119 | ▼ 41% |
| Land & buildings | € 626,316 | € 568,991 | € 502,868 | € 485,853 | ▼ 3% |
| Retained profit | € 301,673 | € 368,159 | € 404,602 | € 442,893 | ▲ 9% |
| Dividend | € 110,000 | € 140,000 | € 140,000 | € 170,000 | ▲ 21% |
| Bank debt | € 468,908 | € 450,364 | € 338,899 | € 254,653 | ▼ 25% |
| Balance sheet total | € 1,173,938 | € 1,088,448 | € 999,500 | € 951,246 | ▼ 5% |
| Employees (FTE) | 4.5 | 5.3 | 5.2 | 4.4 | ▼ 0.8 |
Key figures of The Old Fiddler, 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 The Old Fiddler?
What happened at The Old Fiddler in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 208,291 (▲ 18% vs 2024). Source: NBB ↗
- Nadine Pillaert became a director. NBB
- Jasper Desmedt became a director. NBB
- Jonas Desmedt Invest BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Poperinge. KBO
In short
From € 183,128 profit in 2022 to € 208,291 profit in 2025.
Paid € 125,008 in corporate taxes since 2022.
Best year ever: 2025, with € 208,291 profit.
On average € 142,000 of value added per employee in 2025.
Management
The stake of JONAS DESMEDT INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
The Old FiddlerBehind The Old Fiddler are Nadine Pillaert, Jasper Desmedt and Jonas Desmedt Invest BV. The shares are held by JONAS DESMEDT INVEST (100%).
Directors
According to the 2025 annual accounts
since 2015
since 2015
Director · represented by Jonas Desmedt
since 2015
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Veurnestraat 9
8970 Poperinge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0873.873.988
- VAT number
- BE 0873.873.988
- Registered office
- Veurnestraat 9, 8970 Poperinge
- Names & denominations
- The Old Fiddler
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 2005
- Peppol
- Active · Active since 15 May 2025
- Contact
- theoldfiddler.be
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Restaurants van het traditionele type
Cafés
Eetgelegenheden met volledige bediening
Catering van evenementen
Cafés en bars
Uitzendkoks en verzorgen van feesten en recepties