ACTIVE

MAN Brugge

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Financial year 2025 · Closed on 31/12/2025

Net result
56,9 k €
-80,3 %over 1 year
Gross margin
933,5 k €
-16,0 %over 1 year
Equity
818,8 k €
+2,3 %over 1 year
Workforce
8,0 ETP
0,0 %over 1 year

Identity

Source · BCE/KBO

MAN Brugge is a Public limited company incorporated in 1991. Its registered office is in Brugge. It employs on average 8,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0444.745.790
Incorporation
24/07/1991
Legal form
Public limited company
Registered office
Gotevlietstraat 26
8000 Brugge · FlandreSee on map
Contributed capital
500 000,00 €
Latest accounts
31/12/2025
Average workforce
8,0 ETP
Joint committees (4)
  • 100
  • 112
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin933,5 k €1,1 M €1,1 M €824,4 k €734,3 k €
EBITDA232,7 k €478,2 k €420,5 k €273,4 k €208,2 k €
Operating result103,6 k €339,9 k €338,7 k €201,7 k €139,2 k €
Net result56,9 k €288,7 k €299,2 k €160,3 k €79,6 k €
Balance sheet
Equity818,8 k €800,3 k €859,1 k €919,1 k €961,8 k €
Total assets1,5 M €1,7 M €2 M €1,6 M €1,7 M €
Cash36,5 k €46,9 k €319,6 k €130,1 k €403,5 k €
Debts646,4 k €841,4 k €1,2 M €679,1 k €687,1 k €
Other
Workforce8,0 ETP8,0 ETP8,0 ETP9,0 ETP8,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 26 ended

Active mandates

Braem Invest

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0462.955.066

Represented by JOHAN BRAEM

Active
Immovac

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0437.969.846

Represented by Claire Hoste

Active

Ended mandates

Braem Invest

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0462.955.066

Represented by JOHAN BRAEM

Ended
Immovac

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0437.969.846

Represented by Rose-anne Braem

Ended
Braem Invest

Managing director · since 25 mai 2013 · until 27 mai 2023 · 0462.955.066

Represented by JOHAN BRAEM

Ended
Braem Invest

Managing director · since 25 mai 2013 · until 26 mai 2018 · 0462.955.066

Represented by JOHAN BRAEM

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202604/07/202515/07/202406/07/202305/07/202215/07/2021
General meeting26/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202606/07/2026DutchPDF
Abridged model31/12/202427/06/202504/07/2025DutchPDF
Abridged model31/12/202328/06/202415/07/2024DutchPDF
Abridged model31/12/202230/06/202306/07/2023DutchPDF
Abridged model31/12/202124/06/202205/07/2022DutchPDF
Abridged model31/12/202025/06/202115/07/2021DutchPDF
Abridged model31/12/201930/05/202019/06/2020DutchPDF
Abridged model31/12/201825/05/201904/06/2019DutchPDF
Abridged model31/12/201729/06/201803/07/2018DutchPDF
Abridged model31/12/201629/06/201707/07/2017DutchPDF
Full model31/12/201528/05/201610/06/2016DutchPDF
Full model31/12/201430/05/201522/06/2015DutchPDF
Full model31/12/201331/05/201411/06/2014DutchPDF
Full model31/12/201225/05/201318/06/2013DutchPDF
Full model31/12/201126/05/201220/06/2012DutchPDF
Full model31/12/201028/05/201124/06/2011DutchPDF
Full model31/12/200929/05/201028/06/2010DutchPDF
Abridged model31/12/200830/05/200926/06/2009DutchPDF
Abridged model31/12/200731/05/200810/06/2008DutchPDF
Abridged model31/12/200626/05/200728/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 26 ended

Active mandates

Braem Invest

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0462.955.066

Represented by JOHAN BRAEM

Active
Immovac

Managing director · since 30 juin 2023 · until 22 juin 2029 · 0437.969.846

Represented by Claire Hoste

Active

Ended mandates

Braem Invest

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0462.955.066

Represented by JOHAN BRAEM

Ended
Immovac

Managing director · since 01 avril 2018 · until 30 juin 2023 · 0437.969.846

Represented by Rose-anne Braem

Ended
Braem Invest

Managing director · since 25 mai 2013 · until 27 mai 2023 · 0462.955.066

Represented by JOHAN BRAEM

Ended
Braem Invest

Managing director · since 25 mai 2013 · until 26 mai 2018 · 0462.955.066

Represented by JOHAN BRAEM

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates18/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other01/08/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ALGEMENE VERGADERING
    PDF
  • Mandates19/07/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/09/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/07/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/06/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/12/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202556,9 k €↓
  2. 2024
    Annual accounts 2024288,7 k €↓
  3. 2023
    Annual accounts 2023299,2 k €↑
  4. 2022
    Annual accounts 2022160,3 k €↑
  5. 2021
    Annual accounts 202179,6 k €↑
  6. 2020
    Annual accounts 202026,7 k €↑
  7. 2019
    Annual accounts 20196,9 k €↓
  8. 2018
    Annual accounts 201850,6 k €↑
  9. 2017
    Annual accounts 2017-13,2 k €↓
  10. 2016
    Annual accounts 2016165,4 k €↑
  11. 2015
    Annual accounts 2015114,7 k €↑
  12. 2014
    Annual accounts 201445,7 k €↓
  13. 2013
    Annual accounts 201355,8 k €↑
  14. 2012
    Annual accounts 201215,8 k €↓
  15. 2011
    Annual accounts 201191,6 k €↓
  16. 2010
    Annual accounts 2010158,8 k €↑
  17. 2009
    Annual accounts 2009-142,4 k €↓
  18. 2009
    Name changeMAN Brugge
  19. 2008
    Annual accounts 2008-35,9 k €↓
  20. 2007
    Annual accounts 2007-23,2 k €↓
  21. 2006
    Annual accounts 2006339,8 k €
  22. 2006
    Name changeJerry SPILLIER Brugge
  23. 24/07/1991
    IncorporationPublic limited company