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 32 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 6.6 to 2.4.
Financials
Financial year 2025
DANNEELS PROJECTS from Brugge, company number BE0876446270, closed financial year 2025 with a result of € 2.2 million after tax. For that financial year DANNEELS PROJECTS recorded revenue of € 20.3 million and equity of € 31.3 million. Compared with financial year 2024, the result moved from € -506,795 to € 2.2 million. 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 June 10, 2026.
€ 31.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▲ still € 506,795 loss in 2024
Profit after tax over the fiscal year.
€ 762,875
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
89 % of the profit went to the shareholders, mostly to AIUPO (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.4
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 205,413
▼ 53% vs 2024
€ 85,600 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.
€ 10,505
▼ 64% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 40 million
▼ 25% vs 2024
Loans from banks and other lenders, long and short.
€ 2.5 million
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 70,210
▼ 46% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,076,695 | € 11,846,417 | € 16,657,838 | € 20,315,122 | ▲ 22% |
| Profit after taxes | € 461,433 | € 110,930 | € -506,795 | € 2,245,936 | ▲ € 2.8 million |
| Equity | € 31,407,171 | € 31,518,101 | € 31,011,306 | € 31,257,242 | ▲ 1% |
| Total debts | € 62,681,718 | € 66,998,118 | € 71,698,308 | € 56,792,928 | ▼ 21% |
| Cash | € 173,824 | € 376,659 | € 1,870,041 | € 762,875 | ▼ 59% |
| Land & buildings | € 765,935 | € 747,907 | € 730,243 | € 712,660 | ▼ 2% |
| Retained profit | € 26,057,171 | € 26,168,101 | € 25,661,306 | € 25,907,242 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 2,000,000 | |
| Bank debt | € 40,494,358 | € 46,163,100 | € 53,565,617 | € 40,016,826 | ▼ 25% |
| Balance sheet total | € 94,088,889 | € 98,620,017 | € 102,709,613 | € 88,050,170 | ▼ 14% |
| Employees (FTE) | 7.7 | 6.6 | 3.5 | 2.4 | ▼ 1.1 |
Key figures of DANNEELS PROJECTS, 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 DANNEELS PROJECTS?
What happened at DANNEELS PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Aiupo bv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.2 million. Source: NBB ↗
- Aiupo bv became a director. NBB
- New establishment in Duffel. KBO
- Start of the company according to the CBE. KBO
In short
From € 461,433 profit in 2022 to € 2.2 million profit in 2025.
Paid € 827,388 in corporate taxes since 2022.
Best year ever: 2025, with € 2.2 million profit.
Paid out € 2 million in dividends to the owners in total.
Management
The stake of AIUPO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DANNEELS PROJECTSThe shares are held by AIUPO (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Pascal Danneels
Also active at: Centrale Tuinbouwveiling, Bouwkantoor Danneels, Projectontwikkeling, DANNEELS DEVELOPMENT, BOSKO PROJECTEN, DANNEELS RETAIL, D³ PROJECTS, DAN-PROPERTIES +1 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Baafskerkstraat 1
8200 Brugge
A. Stocletlaan 195
2570 Duffel
Active since 17 October 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Centrale Tuinbouwveiling same network
€ 102,293 revenue · 2025
Bouwkantoor Danneels same network
€ 37.4 million revenue · 2025
Projectontwikkeling same network
€ 2.2 million revenue · 2025
DANNEELS DEVELOPMENT same network
€ 9.2 million revenue · 2025
BOSKO PROJECTEN same network
€ 165,039 revenue · 2025
+4 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
- 0876.446.270
- VAT number
- BE 0876.446.270
- Registered office
- Sint-Baafskerkstraat 1, 8200 Brugge
- Names & denominations
- DANNEELS PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2005
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed