Financials
Financial year 2025
DASSY EUROPE from Brugge, company number BE0895825682, closed financial year 2025 with a result of € 1.8 million after tax. For that financial year DASSY EUROPE recorded revenue of € 48.8 million and equity of € 8.3 million. Compared with financial year 2024, the result moved from € 2.5 million to € 1.8 million. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 8.3 million
▼ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▼ 28% vs 2024
Profit after tax over the fiscal year.
€ 103,724
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 7.5 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
35.7
▲ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.5 million
▲ 13% vs 2024
€ 126,900 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.
€ 46,363
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 28.3 million
▲ 29% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 4.7 million
▼ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 43 days on average.
€ 1.1 million
▲ 78% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 33,317,742 | € 47,663,867 | € 49,077,290 | € 48,752,344 | ▼ 1% |
| Profit after taxes | € 1,552,425 | € 3,018,989 | € 2,454,062 | € 1,769,301 | ▼ 28% |
| Equity | € 8,568,748 | € 11,587,737 | € 14,041,799 | € 8,345,869 | ▼ 41% |
| Total debts | € 42,521,128 | € 33,780,442 | € 31,838,747 | € 34,112,431 | ▲ 7% |
| Cash | € 2,927,758 | € 105,079 | € 165,814 | € 103,724 | ▼ 37% |
| Retained profit | € 8,083,548 | € 11,102,537 | € 13,556,599 | € 7,860,669 | ▼ 42% |
| Dividend | € 0 | € 0 | € 0 | € 7,465,231 | |
| Bank debt | € 27,849,070 | € 22,231,944 | € 22,018,022 | € 28,334,123 | ▲ 29% |
| Balance sheet total | € 51,089,877 | € 45,499,296 | € 46,011,664 | € 42,589,417 | ▼ 7% |
| Employees (FTE) | 30.8 | 31.8 | 33.6 | 35.7 | ▲ 2.1 |
Key figures of DASSY EUROPE, 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 DASSY EUROPE?
What happened at DASSY EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lacosy BV stepped down as director. NBB
- O'Tentic BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.8 million (▼ 28% vs 2024). Source: NBB ↗
- Lacosy BV became a director. NBB
- O'Tentic BV became a director. NBB
- PGMS NV became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.6 million profit in 2022 to € 1.8 million profit in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 3 million profit.
Paid out € 7.5 million in dividends to the owners in total.
Management
The stake of The Workwear Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DASSY EUROPEBehind DASSY EUROPE is PGMS NV. The shares are held by The Workwear Group (100%). It owns 100% of Dress Confect, 100% of TWG Service, 100% of GP Garments LTD, 100% of TWG Real Estate and 100% of Proteq itself.
Directors
According to the 2025 annual accounts
Director · represented by Philip Ghekiere
Also active at: KINEPOLIS GROUP, Belconfect, TWG Service, PROTEQ, The Workwear Group, Radius LeaseWear, DRESS CONFECT, TWG Real Estate +1 more
since 2022
Director · represented by Pieter Cosyn
Also active at: TWG Service, PROTEQ, Radius LeaseWear, DRESS CONFECT, TWG Real Estate
since 2025 · until 2029
Managing director · represented by Veronique Mulliez
Also active at: Belconfect, TWG Service, PROTEQ, The Workwear Group, Radius LeaseWear, DRESS CONFECT, TWG Real Estate
since 2023 · until 2027
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Pathoekeweg 15
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
dassy.eu
Registrar
EuroDNS S.A.
Website info
Features
Security
Network
Details
- Company number
- 0895.825.682
- VAT number
- BE 0895.825.682
- Registered office
- Pathoekeweg 15, 8000 Brugge
- Names & denominations
- DASSY EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 2008
- Peppol
- Active · Active since 11 Dec 2025
- Contact
- dassy.eu
- Activities · NACE
Groothandel in werkkleding
Groothandel in schoeisel