Which benchmark for goodwill valuation in Bruges?

Main references: Francis Lefebvre (annual edition, taxation), CRA (practitioner methodology), and Bank of France (transmission statistics). Ratios vary by business (bakery ≠ tobacco-press ≠ pharmacy).

DVF gives commercial property price per m² in the zone, which serves as a wall value proxy (often separate from goodwill). Also helps bracket the "key money" if the lease is transferable.

Does this page replace a chartered accountant?

No — it provides a free public ballpark for negotiation framing. Official valuation (authentic deed, bank financing, litigation) must be done by a certified expert.

Business goodwill valuation in Bruges (33520)

DVF commercial property comparables, BODACC goodwill sales, NAF benchmarks. Public data to bracket an estimate in Bruges before chartered accountant valuation.

DVF mutations (5 years)

1 893 commercial property transactions

See breakdown by year

Type	Year	Transactions	Price/m²
Appartement	2025	200	3 428 €
Commerce	2025	48	5 584 €
Maison	2025	121	4 224 €
Appartement	2024	176	3 608 €
Commerce	2024	33	5 765 €
Maison	2024	105	4 364 €
Appartement	2023	220	3 721 €
Commerce	2023	24	4 669 €
Maison	2023	90	5 028 €
Appartement	2022	247	3 639 €
Commerce	2022	22	9 273 €
Maison	2022	143	5 133 €

Median price per m² (DVF)

€2 897/m² (wall value proxy)

Published BODACC goodwill sales

352 sales published 24m

Benchmarks by business (Francis Lefebvre / CRA)

Goodwill typically values between 60% and 120% of annual HT revenue for retail, 50% to 100% for restaurants, or 4 to 8× EBITDA for profitable goodwill. Coefficients vary by zone (city center vs outskirts), location (1, 2, 3) and commercial lease (remaining duration, rent/revenue ratio).

How to bracket an estimate

Step 1: Get 3 years of accounts (revenue, EBITDA, profit). Step 2: Apply branch benchmark (CRA, Francis Lefebvre, Bank of France) low / median / high. Step 3: Adjust by zone (DVF premises, town momentum, vacancy). Step 4: Have a transmission-specialized chartered accountant validate.

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FAQ

Which benchmark for goodwill valuation in Bruges?: Main references: Francis Lefebvre (annual edition, taxation), CRA (practitioner methodology), and Bank of France (transmission statistics). Ratios vary by business (bakery ≠ tobacco-press ≠ pharmacy).
Why include DVF?: DVF gives commercial property price per m² in the zone, which serves as a wall value proxy (often separate from goodwill). Also helps bracket the "key money" if the lease is transferable.
Does this page replace a chartered accountant?: No — it provides a free public ballpark for negotiation framing. Official valuation (authentic deed, bank financing, litigation) must be done by a certified expert.