Result
-€74,546 -€74,546
From profit to loss in 2025, after a profit of €376,055 in 2024.
BRUGGE RETAIL
Lifetime
18 annual accounts with figures on one time axispeak €45.5m (2023)
€41.5m▼ 4.1%
lowest -€6.4m (2009)
-€74,546▼ €450,601
peak €31.0m (2015)
€28.2m▼ 0.3%
€17.2m▼ 4.4%
peak 113.4 FTE (2012)
82.9 FTE▼ 12.4%
Board27 names since 2008all names
3 directorsGeoffroy GERSDORFF and 2 others
Owners3 names in the annual accounts
100%CARREFOUR BELGIUM and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025financial year
Loss of €74,546Staff from 94.6 FTE to 82.9 FTEResignation: Sébastien CAYLA (director) 24-113 directors reappointed 29-08Cash from €165,207 to €353,329
Key points
from the 2025 annual accountsInvestments
€360,549 0.3 × depreciation
Green is investment, beige is depreciation.
Staff
73 employees on 31-12-2025
In 2025, 125 people joined and 132 left. On top of that, 16.7 agency workers worked there on average.
Filings
18 annual accounts since 2008
The last five annual accounts were filed 23 to 38 days before the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 16-07-2026 · 3 in office.
Position in the sector
-€74,546
Lower net result than 86% of companies in retail trade. Sector median €39,909 · 5,060 companies.
Checked score
92
Excellent
Financially stronger than 53% of medium-sized companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 385 companies (NACE 47, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.3 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 7.01, cash €353,329
Loss of €74,546 (financial year 2025)
lowers risk
Founded in 2007
Equity €28.2m (62.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, medium-sized). It does better than 86% of them on solvency, 72% on liquidity, 24% on profitability and 29% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 246 companies had the same profile as BRUGGE RETAIL has now. Each dot is one company, two years later.
89.8%
were still trading
8.5%
stopped another way
1.2%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BRUGGE RETAIL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 246 companies, not a prediction for BRUGGE RETAIL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,550,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.01 (7.46 in 2024), above the usual 1.5. Short-term debt is 10.8% and cash 0.8% of total assets. 38% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
23 days early
2023
37 days early
2022
34 days early
2021
33 days early
2020
18 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CARREFOUR BELGIUM 100%score 65equity €42.5m (2025) · annual accounts 2025
Recent changes
Resignation: Cédric AMMANN (director)
Appointment: Pascal BOON (director) · Director discharge: Cédric AMMANN · General meeting of 16-06-2026 · Gazette deed
Resignation: Sébastien CAYLA (director)
Appointment: Matthias LOCKER (director) · Director discharge: Sébastien CAYLA · General meeting of 23 09 2025 · Gazette deed
3 directors reappointed
Sébastien CAYLA, Cédric AMMANN and Geoffroy GERSDORFF · General meeting of 17-06-2025 · Gazette deed
Reappointment: Mazars Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative: Peter Lenoir · General meeting of 18-06-2024 · Gazette deed
Comparable companies
same main activity, the nearest in size| Company | ||||
|---|---|---|---|---|
| BRUGGE RETAIL Bruges | €41.5m | 1.5% | 62.0% | 82.9 |
| INTERMADIS Hannut | €46.8m | 4.5% | 62.9% | 52.9 |
| YPRA-SPAR Ypres | €20.2m | 3.0% | 45.6% | 45.9 |
| Delvith Saint-Vith | €28.7m | 8.2% | 33.9% | 88.9 |
| DELITRAITEUR Nivelles | €92.1m | 1.2% | 7.9% | 65.4 |
| GEEVO Deinze | €42.9m | 2.6% | 35.1% | 79.3 |
| GEEFI Deinze | €42.8m | 2.9% | 44.3% | 69 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as BRUGGE RETAIL: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are smaller than BRUGGE RETAIL: total assets between €8m and €22m, founded between 1990 and 2004.
Official details
Source: KBO- Status
- Active since 21-11-2007Normal situation
- Registered office
- 16 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Joint committees
- 119Food trade
- 202.01Medium-sized food businesses · annual accounts 2025
- Establishment unit
- 2.175.712.9688000 Bruges, since 22-10-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €45.4m▼ 1.9%
- Employeeson 31-12-2025
- 73▼ 11.0%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Companies linked to BRUGGE RETAIL
Parent and group
Insights on BRUGGE RETAIL
BRUGGE RETAIL has existed since 2007. The present size dates from 2009. Turnover rose that year from €7.5m to €30.1m and staff from 38.6 to 95.4 full-time equivalents.
CARREFOUR BELGIUM holds all the shares. In 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BRUGGE RETAIL
- What is the company number of BRUGGE RETAIL?
- The company number of BRUGGE RETAIL is 0893.621.903. The VAT number is the same number with BE in front: BE 0893.621.903.
- Where is BRUGGE RETAIL based?
- The registered office is at Blankenbergse Steenweg 420, 8000 Bruges.Company details
- What does BRUGGE RETAIL do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of BRUGGE RETAIL?
- BRUGGE RETAIL is a public limited company (NV).
- When was BRUGGE RETAIL founded?
- BRUGGE RETAIL was founded on 21-11-2007.
- Is BRUGGE RETAIL still active?
- Yes, BRUGGE RETAIL is an active enterprise in the KBO register.
- How many employees does BRUGGE RETAIL have?
- BRUGGE RETAIL had an average of 82.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does BRUGGE RETAIL fall under?
- In its 2025 annual accounts, BRUGGE RETAIL states joint committees 119 (Food trade) and 202.01 (Medium-sized food businesses).
- What is the turnover of BRUGGE RETAIL?
- The turnover of BRUGGE RETAIL was €41.5m in financial year 2025, according to the filed annual accounts.
- Is BRUGGE RETAIL profitable?
- In financial year 2025, BRUGGE RETAIL made a loss of €74,546.
- Where can I find the annual accounts of BRUGGE RETAIL?
- BRUGGE RETAIL filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BRUGGE RETAIL due?
- BRUGGE RETAIL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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