Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
BELGICA PROPERTIES from Vorst, company number BE0401938603, closed financial year 2025 with a result of € 37,988 after tax. For that financial year BELGICA PROPERTIES recorded a gross margin of € -26,555 and equity of € 4.1 million. Compared with financial year 2024, the result moved from € 144,994 to € 37,988. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 4.1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,988
▼ 74% vs 2024
Profit after tax over the fiscal year.
€ 341,783
▲ € 341,777 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.7 million.
People and assets in 2025
€ 2,459
▼ 42% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 108,400
▼ 13% vs 2024
€ 13,395 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 131,151
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 285
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 3,520,030 | € -133,234 | € -103,750 | € -26,555 | ▲ € 77,195 |
| Profit after taxes | € 2,733,960 | € -169,233 | € 144,994 | € 37,988 | ▼ 74% |
| Equity | € 4,108,634 | € 3,939,401 | € 4,084,395 | € 4,122,383 | ▲ 1% |
| Total debts | € 3,750,288 | € 529,951 | € 309,128 | € 688,698 | ▲ 123% |
| Cash | € 789,454 | € 286,425 | € 6 | € 341,783 | ▲ € 341,777 |
| Retained profit | € 3,671,843 | € 3,502,610 | € 3,647,603 | € 3,685,591 | ▲ 1% |
| Bank debt | € 2,197,550 | € 134,418 | € 125,239 | € 108,400 | ▼ 13% |
| Balance sheet total | € 7,858,922 | € 4,469,352 | € 4,393,523 | € 4,811,081 | ▲ 10% |
Key figures of BELGICA PROPERTIES, 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 BELGICA PROPERTIES?
What happened at BELGICA PROPERTIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,988 (▼ 74% vs 2024). filed late Source: NBB ↗
- Armand Blaton became a director. NBB
- SQUAREFEET stepped down as director. NBB
- SQUAREFEET became a director. NBB
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.7 million profit in 2022 to € 37,988 profit in 2025.
Paid € 157,855 in corporate taxes since 2022.
Best year ever: 2022, with € 2.7 million profit.
Management
The stake of SQUARE FEET comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGICA PROPERTIESBehind BELGICA PROPERTIES is Armand Blaton. The shares are held by SQUARE FEET (100%). It owns 100% of MOLIERE 96, 100% of Belvaux 25 and 50% of M146 itself.
Directors
According to the 2025 annual accounts
since 2026
Director · represented by Armand BLATON
since 2023 · until 2026
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Molièrelaan 96
1190 Vorst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CITY PROPERTIES
€ 77,769 gross margin · 2025
VALHALL
SQUARE FEET same network
€ -5,214 gross margin · 2025
EURISMA
MOLIÈRE 96 same network
+3 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
- 0401.938.603
- VAT number
- BE 0401.938.603
- Registered office
- Molièrelaan 96, 1190 Vorst
- Names & denominations
- BELGICA PROPERTIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 May 1963
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Hotels en dergelijke accommodatie
Projectontwikkeling voor woningbouw
Vakantieverblijven en andere accommodatie voor kort verblijf, neg
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Ontwikkeling van residentiële bouwprojecten
Gites, vakantiewoningen en -appartementen
Verhuur van niet-residentiële gebouwen
+1