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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
FONCIERE ETEL from Etterbeek, company number BE0400558926, closed financial year 2025 with a result of € 331,689 after tax. For that financial year FONCIERE ETEL recorded revenue of € 774,176 and equity of € 2.8 million. Compared with financial year 2024, the result moved from € 407,401 to € 331,689. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 11, 2026.
€ 2.8 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 331,689
▼ 19% vs 2024
Profit after tax over the fiscal year.
€ 41,822
▼ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,320 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 88,868
▲ € 73,492 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 349 days on average.
€ 73,289
▼ 26% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 540,574 | € 615,005 | € 768,722 | € 774,176 | ▲ 1% |
| Profit after taxes | € 167,288 | € 202,515 | € 407,401 | € 331,689 | ▼ 19% |
| Equity | € 2,873,878 | € 2,834,389 | € 3,086,082 | € 2,817,450 | ▼ 9% |
| Total debts | € 240,337 | € 803,756 | € 270,297 | € 860,080 | ▲ 218% |
| Cash | € 11,903 | € 125,030 | € 56,141 | € 41,822 | ▼ 26% |
| Land & buildings | € 2,964,542 | € 3,431,467 | € 3,263,445 | € 3,177,333 | ▼ 3% |
| Retained profit | € 2,812,378 | € 2,772,889 | € 3,024,582 | € 2,755,950 | ▼ 9% |
| Dividend | € 0 | € 242,004 | € 155,708 | € 600,320 | ▲ 286% |
| Balance sheet total | € 3,432,436 | € 3,942,750 | € 3,657,647 | € 3,965,886 | ▲ 8% |
Key figures of FONCIERE ETEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FONCIERE ETEL?
What happened at FONCIERE ETEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Nortex SAS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 331,689 (▼ 19% vs 2024). Source: NBB ↗
- Alexis Gurdjian stepped down as director. NBB
- Laurent Milchior stepped down as director. NBB
- Nortex SAS became a director. NBB
- Alexis Gurdjian became a director. NBB
- Laurent Milchior became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 167,288 profit in 2022 to € 331,689 profit in 2025.
Paid € 429,993 in corporate taxes since 2022.
Best year ever: 2024, with € 407,401 profit.
Paid out € 998,032 in dividends to the owners in total.
Management
Establishments
Establishment units
Physical locations of this company
Tongerenstraat 39
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Société Belge Etam
€ 35.9 million revenue · 2025
INVESTINT same network
€ 84.5 million revenue · 2025
RETINVEST same network
Livy Belgium
€ -6,442 gross margin · 2025
ECOPHONES
€ 16,466 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.558.926
- VAT number
- BE 0400.558.926
- Registered office
- Tongerenstraat 39, 1040 Etterbeek
- Names & denominations
- FONCIERE ETEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Not registered