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 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DRIES PANNENKOEKEN from Ledegem, company number BE0874346716, closed financial year 2025 with a result of € 227,704 after tax. For that financial year DRIES PANNENKOEKEN recorded a gross margin of € 1.1 million and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 276,499 to € 227,704. 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 31, 2026.
€ 2.1 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 227,704
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 177,393
▼ 47% 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 € 1.4 million.
People and assets in 2025
3.7
Average over the fiscal year, from the social balance sheet.
€ 205,930
▼ 3% vs 2024
€ 55,700 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.
€ 446,871
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▼ 12% vs 2024
€ 413,432 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 116,301
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,989
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 964,752 | € 1,040,070 | € 1,184,738 | € 1,129,302 | ▼ 5% |
| Profit after taxes | € 185,121 | € 175,062 | € 276,499 | € 227,704 | ▼ 18% |
| Equity | € 1,704,723 | € 1,738,962 | € 1,863,592 | € 2,091,296 | ▲ 12% |
| Total debts | € 3,114,904 | € 3,535,130 | € 4,227,962 | € 3,686,869 | ▼ 13% |
| Cash | € 462,244 | € 108,461 | € 333,301 | € 177,393 | ▼ 47% |
| Land & buildings | € 3,062,894 | € 3,436,688 | € 3,255,876 | € 3,098,443 | ▼ 5% |
| Retained profit | € 1,029,723 | € 1,063,962 | € 1,188,592 | € 1,416,296 | ▲ 19% |
| Dividend | € 4,301 | € 140,823 | € 151,870 | € 0 | ▼ 100% |
| Bank debt | € 2,317,509 | € 3,055,175 | € 3,474,064 | € 3,071,689 | ▼ 12% |
| Balance sheet total | € 4,819,628 | € 5,274,093 | € 6,091,554 | € 5,778,165 | ▼ 5% |
| Employees (FTE) | 4.4 | 4.5 | 3.7 | 3.7 |
Key figures of DRIES PANNENKOEKEN, 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 DRIES PANNENKOEKEN?
What happened at DRIES PANNENKOEKEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 227,704 (▼ 18% vs 2024). filed late Source: NBB ↗
- New establishment in Middelkerke. KBO
- New establishment in Ledegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 185,121 profit in 2022 to € 227,704 profit in 2025.
Paid € 158,319 in corporate taxes since 2022.
Best year ever: 2024, with € 276,499 profit.
On average € 305,200 of value added per employee in 2025.
Management
Behind DRIES PANNENKOEKEN are Connie Kesteloot and Dries Vandamme.
Directors
According to the 2025 annual accounts
Connie Kesteloot
Director
Dries Vandamme
Director
Establishments
Establishment units
Physical locations of this company
Nijverheidslaan 1 box c
8880 Ledegem
Nijverheidslaan 1C
8880 Ledegem
Active since 8 June 2005
De Kalkaart 3
8430 Middelkerke
Active since 1 October 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0874.346.716
- VAT number
- BE 0874.346.716
- Registered office
- Nijverheidslaan 1 bus c, 8880 Ledegem
- Names & denominations
- DRIES PANNENKOEKEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2005
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- driespannenkoeken.be
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