ACTIVE

PIETER BREUGHEL

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Financial year 2025 · closed on 31/12/2025

Net result

381,5 k €

+87.2% YoY

Gross margin

400,7 k €

-55.1% YoY

Equity

16,9 M €

+295.5% YoY

Workforce

0,4 ETP

-20.0% YoY

What does PIETER BREUGHEL do?

PIETER BREUGHEL is a Private limited company incorporated in 1997. Its main activity is: Buying and selling of own real estate. Its registered office is in Kortrijk. It employs on average 0,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.018.720

Incorporation

28/11/1997

Legal form

Private limited company

Registered office

Groene Dreef(Rol) 52
8510 Kortrijk · FlandreSee on map

Contributed capital

3 794 392,24 €

Latest accounts

31/12/2025

Average workforce

0,4 ETP

Activities (NACE)

68121Buying and selling of own real estate· main 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities 41101Development of building projects 68121Buying and selling of own real estate

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	400,7 k €	-55.1%	891,5 k €	-69.3%	2,9 M €	+261%	802,5 k €	+35.9%	590,4 k €	+6.4%	554,9 k €	+89.1%	293,5 k €	+23.2%	238,1 k €	-11.3%	268,4 k €	-34.5%	409,6 k €	+8.3%	378,1 k €	+85.4%	204 k €	-65.2%	586,9 k €	+162%	224,1 k €	+134%	95,7 k €	-25.4%	128,4 k €	-20.3%	161 k €	+9.4%	147,2 k €	+2242%	-6,9 k €
EBITDA	229,3 k €	-70.7%	783,6 k €	-71.6%	2,8 M €	+323%	651,3 k €	+28.1%	508,3 k €	+7.3%	473,6 k €	+96.5%	241 k €	+423%	46 k €	-80.6%	237,6 k €	-34.9%	365,1 k €	+11.1%	328,5 k €	+81.4%	181,1 k €	-59.4%	446,5 k €	+147%	180,6 k €	+181%	64,2 k €	-33.4%	96,4 k €	-2.6%	98,9 k €	+10.6%	89,5 k €	+618%	-17,3 k €
Operating result	-352,9 k €	-248%	238,5 k €	-89.8%	2,3 M €	+880%	239,5 k €	+300%	-119,5 k €	-329%	52,2 k €	+365%	-19,7 k €	+92.3%	-255,4 k €	-260%	-71 k €	-216%	61,4 k €	-57.1%	143,2 k €	+1552%	8,7 k €	-96.6%	251,9 k €	+1113%	-24,9 k €	+82.2%	-140,1 k €	+0.2%	-140,4 k €	-38.2%	-101,6 k €	-9.3%	-92,9 k €	+50.4%	-187,1 k €
Net result	381,5 k €	+87.2%	203,8 k €	-88.2%	1,7 M €	+529%	274,7 k €	+52.5%	180,2 k €	+73.4%	103,9 k €	-44.2%	186,3 k €	+242%	-131,2 k €	-529%	-20,9 k €	-484%	5,4 k €	-94.8%	103,9 k €	+234%	31,1 k €	-90.7%	335,6 k €	+583%	-69,5 k €	+20.7%	-87,6 k €	-62.7%	-53,9 k €	-298%	-13,5 k €	-137%	36,2 k €	+53.8%	23,5 k €
Balance sheet
Equity	16,9 M €	+296%	4,3 M €	+5.0%	4,1 M €	+74.1%	2,3 M €	+13.3%	2,1 M €	+9.6%	1,9 M €	+5.9%	1,8 M €	+11.7%	1,6 M €	-7.6%	1,7 M €	-1.2%	1,7 M €	+4.2%	1,7 M €	+6.6%	1,6 M €	+2.0%	1,5 M €	+28.0%	1,2 M €	-1.5%	1,2 M €	-6.7%	1,3 M €	-4.0%	1,4 M €	-1.0%	1,4 M €	+2.7%	1,3 M €
Total assets	24,1 M €	+15.8%	20,8 M €	+5.9%	19,7 M €	+36.7%	14,4 M €	+21.1%	11,9 M €	+20.6%	9,9 M €	+12.6%	8,7 M €	+13.9%	7,7 M €	-17.2%	9,3 M €	+3.2%	9 M €	+19.5%	7,5 M €	+21.3%	6,2 M €	+7.9%	5,8 M €	-21.3%	7,3 M €	+22.9%	5,9 M €	+10.4%	5,4 M €	+13.6%	4,7 M €	+28.7%	3,7 M €	+9.6%	3,4 M €
Cash	198,8 k €	+116%	91,9 k €	+95.3%	47 k €	-32.4%	69,6 k €	-61.3%	179,7 k €	+28.1%	140,4 k €	+161%	53,8 k €	-43.7%	95,6 k €	+8.2%	88,4 k €	+2821%	3 k €	-94.8%	58,1 k €	+160%	22,4 k €	-92.7%	305,2 k €	+43.1%	213,3 k €	+31.9%	161,6 k €	-65.1%	462,6 k €	+49.3%	309,7 k €	+703200%	44 €		–
Debts	6,7 M €	-58.1%	16 M €	+6.7%	15 M €	+25.8%	12 M €	+22.7%	9,7 M €	+23.5%	7,9 M €	+16.4%	6,8 M €	+17.2%	5,8 M €	-18.9%	7,1 M €	-1.1%	7,2 M €	+25.7%	5,7 M €	+29.4%	4,4 M €	+32.6%	3,3 M €	-8.5%	3,7 M €	-8.3%	4 M €	-2.2%	4,1 M €	+20.7%	3,4 M €	+46.4%	2,3 M €	+23.6%	1,9 M €
Other
Workforce	0,4 ETP	-20.0%	0,5 ETP	-50.0%	1,0 ETP	0.0%	1,0 ETP	+900%	0,1 ETP		–		–		–		–		0,3 ETP	-40.0%	0,5 ETP	+400%	0,1 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Kristien Bauwens

Director

Active

Ended mandates

Kristien BAUWENS

Manager

Ended

At this address

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DOORN ESTATE● Active	0794.682.891
Horizon BM● Active	0651.732.409
MUNKEDOORN● Active	0783.288.460

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	24/06/2025	25/06/2024	22/06/2023	23/06/2022	24/06/2021
General meeting	28/05/2026	30/05/2025	30/05/2024	25/05/2023	27/05/2022	27/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	24/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/05/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	25/05/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	27/05/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	23/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	17/08/2015	21/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	31/08/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	31/08/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	08/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Kristien Bauwens

Director

Active

Ended mandates

Kristien BAUWENS

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring17/09/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/06/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates25/05/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/08/2016
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring30/08/2006
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring02/06/2006
DIVERSEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025381,5 k €↑
2024
Annual accounts 2024203,8 k €↓
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 2022274,7 k €↑
2021
Annual accounts 2021180,2 k €↑
2020
Annual accounts 2020103,9 k €↓
2019
Annual accounts 2019186,3 k €↑
2018
Annual accounts 2018-131,2 k €↓
2017
Annual accounts 2017-20,9 k €↓
2016
Annual accounts 20165,4 k €↓
2015
Annual accounts 2015103,9 k €↑
2014
Annual accounts 201431,1 k €↓
2013
Annual accounts 2013335,6 k €↑
2012
Annual accounts 2012-69,5 k €↑
2011
Annual accounts 2011-87,6 k €↓
2010
Annual accounts 2010-53,9 k €↓
2009
Annual accounts 2009-13,5 k €↓
2008
Annual accounts 200836,2 k €↑
2007
Annual accounts 200723,5 k €
28/11/1997
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PIETER BREUGHEL

Overview

What does PIETER BREUGHEL do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline