Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Bourgade from Brugge, company number BE0888570577, closed financial year 2025 with a result of € -165,449 after tax. For that financial year Bourgade recorded a gross margin of € 128,502 and equity of € 661,359. Compared with financial year 2024, the result moved from € -8,371 to € -165,449. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 661,359
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -165,449
▼ 1876 % more loss than in 2024
Profit after tax over the fiscal year.
€ 724
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 655,159.
People and assets in 2025
0.1
Average over the fiscal year, from the social balance sheet.
€ 509
▼ 96% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 89,717
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.8 million
▲ 6% vs 2024
€ 152,255 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 34,003
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,615
▼ 69% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 387,032 | € 518,063 | € 566,905 | € 128,502 | ▼ 77% |
| Profit after taxes | € 88,236 | € 196,640 | € -8,371 | € -165,449 | ▼ € 157,078 |
| Equity | € 638,540 | € 835,180 | € 826,808 | € 661,359 | ▼ 20% |
| Total debts | € 2,816,286 | € 2,501,756 | € 2,569,046 | € 2,650,691 | ▲ 3% |
| Cash | € 46,872 | € 1,399 | € 44,384 | € 724 | ▼ 98% |
| Land & buildings | € 2,876,609 | € 2,780,670 | € 2,937,936 | € 2,890,614 | ▼ 2% |
| Retained profit | € 632,340 | € 828,980 | € 820,608 | € 655,159 | ▼ 20% |
| Bank debt | € 1,860,694 | € 1,710,593 | € 1,738,024 | € 1,844,468 | ▲ 6% |
| Balance sheet total | € 3,454,825 | € 3,336,935 | € 3,395,855 | € 3,312,050 | ▼ 2% |
| Employees (FTE) | - | - | 0.1 | 0.1 |
Key figures of Bourgade, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Bourgade?
What happened at Bourgade in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 165,449. Source: NBB ↗
- Benedicte Reychler became a director. NBB
- Kristof Lamberigts became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 88,236 profit in 2021 to € 165,449 loss in 2025.
Paid € 340,547 in corporate taxes since 2021.
Best year ever: 2022, with € 196,640 profit.
Management
Behind Bourgade are Benedicte Reychler and Kristof Lamberigts. The same people are also behind LE FORGERON. Benedicte Reychler is also behind Reychler Benedicte. Kristof Lamberigts is also behind POLITEIA, PINAKES, PSKS, Koortzz and Borgerhoff & Lamberigts Invest.
Directors
According to the 2025 annual accounts
since 2015
Kristof Lamberigts
Director
Also active at: POLITEIA, PINAKES, PSKS, Koortzz, Borgerhoff & Lamberigts Invest, BOEKTOPIA, BORGERHOFF & LAMBERIGTS, ACADEMIC & SCIENTIFIC PUBLISHERS +3 more
since 2008
Establishments
Establishment units
Physical locations of this company
Lauwerstraat 19
8000 Brugge
Korianderstraat 2K
9000 Gent
Active since 5 April 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →B.S.H.
POP INVESTMENT ASSOCIATES
ACBM
LE FORGERON same network
€ -9,713 gross margin · 2025
THE LANE BRUGES same network
€ -61,876 gross margin · 2025
+1 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
- 0888.570.577
- VAT number
- BE 0888.570.577
- Registered office
- Lauwerstraat 19, 8000 Brugge
- Names & denominations
- Bourgade
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 2007
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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