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Home / B7

B7

Bruges ·KBO/BCE: BE 0417.810.771

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Checked · Insight, alerts and connections for every Belgian company, from official sources.

Based on official Belgian registers and filed annual accounts.

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Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	1.2m	1.2m	1.1m	1.1m	1.1m	1.2m	1.2m	1.1m	1.1m	1.1m	1.1m	1.0m	1.1m	130,419	118,531	117,015	95,400	72,168	58,415
Fixed assets`21/28`	907,624	914,422	961,854	812,005	826,649	847,393	865,414	888,680	909,089	900,391	919,805	946,390	978,200	52,982	59,532	34,332	36,918	7,049	7,641
Intangible fixed assets`21`	31,849	46,849	61,849	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	875,775	867,573	900,005	812,005	826,649	847,393	865,414	888,680	909,089	900,391	919,805	946,390	972,976	47,757	54,308	29,108	31,694	1,825	2,416
Land and buildings`22`	775,605	787,181	798,757	811,498	825,403	839,308	853,213	869,596	884,688	900,140	918,989	937,838	956,687	24,987	25,207	28,250	30,892	1,117	1,396
Plant, machinery and equipment`23`	4,203	5,938	6,604	-	-	-	-	783	-	159	318	1,278	2,238	2,403	3,524	669	427	-	88
Furniture and vehicles`24`	41,142	573	751	507	1,246	8,085	12,201	18,301	24,401	92	498	7,274	14,051	20,368	25,577	189	374	708	932
Other tangible fixed assets`26`	54,825	73,881	93,893	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	-	-	-	5,224	5,224	5,224	5,224	5,224	5,224	5,224
Current assets`29/58`	279,698	245,676	144,239	325,768	323,283	346,308	358,361	171,675	236,268	181,532	154,421	81,932	76,219	77,437	58,998	82,683	58,482	65,119	50,774
Stocks and contracts in progress`3`	17,857	15,905	21,860	-	-	-	-	14,818	25,243	25,610	26,045	21,247	12,948	11,996	13,002	14,566	23,340	29,560	36,837
Stocks`30/36`	17,857	15,905	21,860	-	-	-	-	14,818	25,243	25,610	26,045	21,247	12,948	11,996	13,002	14,566	23,340	29,560	36,837
Amounts receivable within one year`40/41`	6,023	9,783	7,207	8,454	11,207	10,411	13,694	10,834	10,911	2,046	-	1,184	822	227	3,736	5,035	5,507	854	1,474
Trade receivables`40`	0	4,060	7,207	2,609	2,279	712	1,506	905	5,515	428	-	1,184	822	227	763	142	764	-	-
Other amounts receivable`41`	6,023	5,723	0	5,845	8,928	9,699	12,188	9,929	5,397	1,618	-	-	-	-	2,973	4,893	4,743	854	1,474
Cash at bank and in hand`54/58`	248,589	213,685	112,298	317,189	311,307	335,110	343,699	144,505	198,813	150,403	127,227	59,236	62,059	63,304	40,513	61,391	27,984	32,228	10,400
Deferred charges and accrued income`490/1`	7,229	6,304	2,875	125	768	787	968	1,518	1,301	3,472	1,149	265	390	1,911	1,747	1,691	1,651	2,476	2,063
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.2m	1.2m	1.1m	1.1m	1.1m	1.2m	1.2m	1.1m	1.1m	1.1m	1.1m	1.0m	1.1m	130,419	118,531	117,015	95,400	72,168	58,415
Equity`10/15`	414,168	574,094	533,708	524,696	513,024	511,890	513,881	318,206	268,624	298,290	250,114	185,854	122,165	75,097	57,657	46,765	33,556	14,958	7,081
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	100,000	100,000	100,000	100,000	42,142	42,142	42,142	42,142	42,142	42,142
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	100,000	100,000	100,000	100,000	42,142	42,142	42,142	42,142	42,142	42,142
Reserves`13`	394,004	553,930	513,544	504,532	492,860	492,860	494,860	299,360	249,860	198,000	150,000	85,000	4,214	4,214	4,214	4,214	4,214	4,214	3,902
Non-distributable reserves`130/1`	-	0	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	10,000	10,000	10,000	4,214	4,214	4,214	4,214	4,214	4,214	3,902
Reserves not available under the articles`1311`	-	0	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	394,004	553,930	511,684	502,672	491,000	491,000	493,000	297,500	248,000	188,000	140,000	75,000	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	1,564	1,564	1,564	1,564	1,564	430	421	246	164	290	114	854	17,951	28,741	11,301	409	-12,800	-31,398	-38,963
Amounts payable`17/49`	773,154	586,004	572,386	613,077	636,908	681,811	709,893	742,149	876,733	783,634	824,112	842,468	932,254	55,323	60,874	70,250	61,845	57,210	51,334
Amounts payable after more than one year`17`	280,184	299,175	317,541	520,811	555,355	588,987	621,733	653,616	684,684	714,872	704,264	757,881	735,746	2,500	12,500	22,500	32,500	-	3,333
Financial debts`170/4`	140,184	159,175	177,541	520,811	555,355	588,987	621,733	653,616	684,684	714,872	704,264	757,881	735,746	2,500	12,500	22,500	32,500	-	3,333
Other amounts payable`178/9`	140,000	140,000	140,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	486,099	280,168	254,844	86,247	76,006	87,277	82,660	88,533	192,050	65,595	119,706	84,541	194,264	51,859	47,375	46,886	28,782	57,200	46,484
Current portion of amounts payable after more than one year`42`	18,991	18,367	17,763	33,111	33,632	32,745	31,883	31,046	30,188	29,392	28,618	27,865	29,633	10,000	10,000	10,000	10,000	3,333	10,000
Trade debts`44`	6,804	2,555	9,434	759	795	716	656	5,648	18,358	4,114	7,063	3,290	14,497	9,084	12,264	17,635	1,724	32,098	18,895
Suppliers`440/4`	6,804	2,555	9,434	759	795	716	656	5,648	18,358	4,114	7,063	3,290	14,497	9,084	12,264	17,635	1,724	32,098	18,895
Taxes, remuneration and social security`45`	13,467	19,493	27,847	14,343	9,361	26,269	27,088	34,687	49,938	24,430	40,649	13,871	14,739	20,346	12,459	6,282	3,807	8,242	3,789
Taxes`450/3`	13,467	19,493	15,001	9,028	4,047	22,184	21,749	25,444	44,780	20,933	29,480	10,402	2,139	5,332	283	151	3,807	30	78
Remuneration and social security`454/9`	-	0	12,845	5,315	5,314	4,084	5,339	9,243	5,158	3,498	11,169	3,469	12,600	15,014	12,176	6,131	-	8,212	3,711
Other amounts payable`47/48`	446,838	239,753	199,801	38,034	32,218	27,547	23,032	17,152	93,566	7,659	43,377	39,515	135,394	12,429	12,652	12,969	13,251	13,526	13,801
Accrued charges and deferred income`492/3`	6,872	6,661	0	6,019	5,546	5,546	5,500	-	-	3,166	142	46	2,244	963	999	864	563	10	1,517
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	51,739	9,955	-	-	-	-	-	-	-	-	-	-	1,239
Gross operating margin`9900`	131,341	151,353	98,929	53,097	45,839	42,194	67,257	163,398	178,192	151,303	217,783	195,666	164,496	109,004	97,254	83,720	75,105	66,068	50,072
Remuneration, social security and pensions`62`	-142	0	17,407	-	-	-211	28,615	51,780	52,997	37,764	69,249	50,412	58,702	67,406	62,636	53,285	38,666	54,011	58,892
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	57,513	50,734	43,600	14,644	20,744	20,238	20,005	21,388	21,804	19,414	26,585	26,585	95,286	13,213	13,380	7,258	8,411	1,064	1,981
Other operating charges`640/8`	3,224	3,462	2,600	3,296	3,314	3,735	2,435	2,697	3,046	2,693	3,420	2,314	3,386	889	1,959	1,566	1,562	1,162	1,130
Operating profit (loss)`9901`	70,746	97,156	35,322	35,157	21,780	18,432	16,201	87,533	100,345	91,433	118,528	116,356	7,121	27,496	19,279	21,611	26,466	9,830	-11,931
Financial income`75/76B`	15	0	0	-	16	2	300,000	0	6	0	11	2	24	32	34	44	40	30	20
Recurring financial income`75`	15	0	0	-	16	2	-	0	6	0	11	2	24	32	34	44	40	30	20
Non-recurring financial income`76B`	-	-	-	-	-	-	300,000	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	18,091	37,493	25,372	19,399	19,643	20,128	21,934	23,459	25,059	24,161	26,367	28,991	17,857	3,258	3,916	4,195	4,225	1,979	2,475
Recurring financial charges`65`	18,091	37,493	25,372	19,399	19,643	20,128	21,934	23,459	25,059	24,161	26,367	28,991	17,857	3,258	3,916	4,195	4,225	1,979	2,475
Profit (loss) for the period before taxes`9903`	52,670	59,664	9,951	15,757	2,153	-1,694	294,267	64,075	75,292	67,273	92,171	87,367	-10,712	24,269	15,397	17,460	22,281	7,881	-13,147
Income taxes`67/77`	17,096	19,278	939	4,085	1,019	298	98,592	13,493	23,558	19,098	27,911	23,678	78	6,830	4,505	4,251	3,683	5	2
Profit (loss) for the period`9904`	35,574	40,386	9,012	11,672	1,134	-1,992	195,676	50,582	51,734	48,175	64,260	63,689	-10,790	17,439	10,892	13,209	18,598	7,877	-13,149
Profit (loss) for the period to be appropriated`9905`	35,574	40,386	9,012	11,672	1,134	-1,992	195,676	50,582	51,734	48,175	64,260	63,689	-10,790	17,439	10,892	13,209	18,598	7,877	-13,149
Appropriation of the result
Profit (loss) to be appropriated`9906`	37,138	41,950	10,576	13,236	1,564	-1,570	195,921	50,746	52,024	48,290	65,114	81,640	17,951	28,741	11,301	409	-12,800	-31,086	-38,963
Profit (loss) brought forward from the previous period`14P`	1,564	1,564	1,564	1,564	430	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	195,500	-	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	35,574	40,386	9,012	11,672	-	-	195,500	49,500	51,860	48,000	65,000	80,786	-	-	-	-	-	313	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	5,786	-	-	-	-	-	313	-
To other reserves`6921`	35,574	40,386	9,012	11,672	-	-	195,500	49,500	51,860	48,000	65,000	75,000	-	-	-	-	-	-	-
Profit to be distributed`694/7`	195,500	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	195,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	0.5	-	-	-	0.2	2.4	3.1	1.2	2.4	1.7	2.1	2.5	2.2	2.9	2.2	2.1	1.8
Hours worked`1013`	-	-	684	-	-	-	404	3,281	3,402	2,354	4,354	3,366	3,934	4,455	4,061	4,218	3,569	3,612	3,411
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	04-05-2026	2026-00099667	PDF
31-12-2024	micro format	30-06-2025	2025-00194359	PDF
31-12-2023	micro format	30-08-2024	2024-00410000	PDF
31-12-2022	micro format	05-07-2023	2023-00200850	PDF
31-12-2021	micro format	16-08-2022	2022-20287906	PDF
31-12-2020	micro format	06-07-2021	2021-32000151	PDF
31-12-2019	micro format	10-07-2020	2020-28600456	PDF
31-12-2018	micro format	01-07-2019	2019-26100336	PDF
31-12-2017	abbreviated format	02-07-2018	2018-26400574	PDF
31-12-2016	micro format	30-08-2017	2017-53900128	PDF
31-12-2015	abbreviated format	10-06-2016	2016-17000052	PDF
31-12-2014	abbreviated format	29-05-2015	2015-13800318	PDF
31-12-2013	abbreviated format	01-08-2014	2014-39000078	PDF
31-12-2012	abbreviated format	26-04-2013	2013-10500571	PDF
31-12-2011	abbreviated format	27-04-2012	2012-10300563	PDF
31-12-2010	abbreviated format	29-04-2011	2011-10200290	PDF
31-12-2009	abbreviated format	31-03-2010	2010-08500338	PDF
31-12-2008	abbreviated format	06-04-2009	2009-10600158	PDF
31-12-2007	abbreviated format	29-05-2008	2008-17600302	PDF
31-12-2006	abbreviated format	29-03-2007	2007-10601542	PDF
31-12-2005	abbreviated format	06-04-2006	2006-10504726	PDF
31-12-2004	abbreviated format	24-05-2005	2005-16603294	PDF
31-12-2003	abbreviated format	29-04-2004	2004-12604934	PDF
31-12-2002	abbreviated format	24-04-2003	2003-11802356	PDF
31-12-2001	abbreviated format	06-06-2002	2002-17700016	PDF
31-12-2000	abbreviated format	18-04-2001	2001-10002219	PDF
31-12-1999	abbreviated format	15-05-2000	2000-13003145	PDF
31-12-1998	abbreviated format	30-06-1999	1999-26701886	PDF
31-12-1997	abbreviated format	15-05-1998	1998-09800113	PDF
31-12-1996	abbreviated format	25-09-1997	1997-45203463	PDF
31-12-1995	abbreviated format	25-04-1996	1996-06601710	PDF
31-12-1994	abbreviated format	29-06-1995	1995-31302392	PDF
31-12-1993	abbreviated format	10-05-1994	1994-07802979	PDF
31-12-1992	abbreviated format	29-04-1993	1993-06004726	PDF
31-12-1991	abbreviated format	27-04-1992	1992-04604423	PDF
31-12-1990	abbreviated format	30-04-1991	1991-04604760	PDF
31-12-1989	abbreviated format	25-04-1990	1990-03405186	PDF
31-12-1988	abbreviated format	14-04-1989	1989-02702226	PDF
31-12-1987	abbreviated format	27-05-1988	1988-04804320	PDF
31-12-1986	abbreviated format	24-04-1987	1987-05002353	PDF
31-12-1985	abbreviated format	27-05-1986	1986-08502260	PDF
31-12-1984	full format	12-08-1985	1985-30202330	PDF
31-12-1983	unclassified schema	19-07-1988	1988-16204558	PDF
31-12-1982	unclassified schema	19-07-1988	1988-16204556	PDF
31-12-1981	unclassified schema	19-07-1988	1988-16204554	PDF
31-12-1980	unclassified schema	23-03-1982	1982-01001790	PDF
31-12-1979	unclassified schema	13-07-1981	1981-08700532	PDF
31-12-1978	unclassified schema	13-07-1981	1981-08700531	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	128,259	147,890	78,923	49,801	42,524	38,670	36,206	108,921	122,149	110,847	145,113	142,941	102,407	40,709	32,659	28,869	34,877	10,895	-9,950
Cash flow	93,087	91,120	52,612	26,316	21,878	18,246	215,681	71,970	73,538	67,589	90,846	90,274	84,497	30,653	24,272	20,467	27,009	8,941	-11,167
Investment in fixed assets (approximation)	50,715	3,302	193,450	0	0	2,217	-3,261	979	30,502	0	0	-5,224	1.0m	6,663	38,580	4,672	38,280	473	-
Change in cash	34,904	101,387	-204,892	5,882	-23,803	-8,589	199,194	-54,307	48,409	23,176	67,991	-2,824	-1,245	22,791	-20,878	33,407	-4,244	21,828	-
Working capital	-206,401	-34,492	-110,605	239,521	247,277	259,031	275,701	83,142	44,218	115,937	34,715	-2,609	-118,045	25,578	11,624	35,797	29,701	7,919	4,290
Solvency	34.9%	49.5%	48.3%	46.1%	44.6%	42.9%	42.0%	30.0%	23.5%	27.6%	23.3%	18.1%	11.6%	57.6%	48.6%	40.0%	35.2%	20.7%	12.1%
Current ratio	0.58	0.88	0.57	3.78	4.25	3.97	4.34	1.94	1.23	2.77	1.29	0.97	0.39	1.49	1.25	1.76	2.03	1.14	1.09
Quick ratio	0.54	0.82	0.48	3.78	4.25	3.97	4.34	1.77	1.10	2.38	1.07	0.72	0.33	1.26	0.97	1.45	1.22	0.62	0.30
Debt to equity	1.87	1.02	1.07	1.17	1.24	1.33	1.38	2.33	3.26	2.63	3.29	4.53	7.63	0.74	1.06	1.50	1.84	3.82	7.25
ROE	8.6%	7.0%	1.7%	2.2%	0.2%	-0.4%	38.1%	15.9%	19.3%	16.2%	25.7%	34.3%	-8.8%	23.2%	18.9%	28.2%	55.4%	52.7%	-185.7%
ROA	3.0%	3.5%	0.8%	1.0%	0.1%	-0.2%	16.0%	4.8%	4.5%	4.5%	6.0%	6.2%	-1.0%	13.4%	9.2%	11.3%	19.5%	10.9%	-22.5%
Interest coverage	7.09	3.94	3.11	2.57	2.16	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2023
Average over the year, in full-time equivalents	0.5
Joined	1
Left	1

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€700,000	€700,000	€700,000	€700,000	€700,000
Carrying value of the mortgaged assets	€775,605	€787,181	€798,757	€811,498	€825,403

B7

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency34.9%

Current ratio0.58

Return on assets3.0%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on B7

Next steps

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€50,715	€3,302	€118,450	-	-
Intangible fixed assets	-	-	€75,000	-	-
Depreciation and write-downs of the year	€57,513	€50,734	€43,600	€14,644	€20,744