Warning lights
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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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Le Logement Molenbeekois from Sint-Jans-Molenbeek, company number BE0401984331, closed financial year 2025 with a result of € 158,682 after tax. For that financial year Le Logement Molenbeekois recorded revenue of € 27 million and equity of € 66.2 million. Compared with financial year 2024, the result moved from € 108,979 to € 158,682. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 66.2 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 158,682
▲ 46% vs 2024
Profit after tax over the fiscal year.
€ 10.5 million
▲ 14% 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 € 2.4 million.
People and assets in 2025
105.2
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.3 million
▲ 7% vs 2024
€ 69,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 131,728
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 144.7 million
▲ 17% vs 2024
€ 4.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 30 years.
€ 4.6 million
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 220 days on average.
€ 764,679
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,854,394 | € 23,393,367 | € 24,871,965 | € 26,972,455 | ▲ 8% |
| Profit after taxes | € -2,680,182 | € -1,341,322 | € 108,979 | € 158,682 | ▲ 46% |
| Equity | € 53,189,251 | € 56,855,685 | € 59,757,228 | € 66,155,631 | ▲ 11% |
| Total debts | € 113,859,244 | € 124,168,734 | € 130,857,741 | € 152,360,780 | ▲ 16% |
| Cash | € 3,843,072 | € 5,468,707 | € 9,215,928 | € 10,496,794 | ▲ 14% |
| Land & buildings | € 142,747,849 | € 152,665,858 | € 186,375,555 | € 189,141,738 | ▲ 1% |
| Retained profit | € 3,484,316 | € 2,142,994 | € 2,251,972 | € 2,410,654 | ▲ 7% |
| Bank debt | € 107,267,999 | € 115,654,185 | € 123,493,235 | € 144,702,250 | ▲ 17% |
| Balance sheet total | € 181,185,299 | € 195,399,476 | € 206,115,431 | € 234,335,774 | ▲ 14% |
| Employees (FTE) | 107.4 | 105.8 | 103.8 | 105.2 | ▲ 1.4 |
Key figures of Le Logement Molenbeekois, 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 Le Logement Molenbeekois?
What happened at Le Logement Molenbeekois in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 158,682 (▲ 46% vs 2024). Source: NBB ↗
- NIDAL SALAM HAMDACHE became a director. NBB
- YASSINE AKKI became a director. NBB
- OUMAR DIALLO became a director. NBB
- ABDELRACHID AZDAD became a director. NBB
- MOHAMED EL ACHOURI became a director. NBB
- RAYANE TALBI became a director. NBB
- NIELS WENNEKES became a director. NBB
In short
From € 2.7 million loss in 2022 to € 158,682 profit in 2025.
Paid € 5,169 in corporate taxes since 2022.
Best year ever: 2025, with € 158,682 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Le Logement Molenbeekois are ABDELRACHID AZDAD, MOHAMED EL ACHOURI, RAYANE TALBI, NIELS WENNEKES, NIDAL SALAM HAMDACHE and MYRIAM HERNANDEZ SANCHEZ.
Directors
According to the 2025 annual accounts
ABDELRACHID AZDAD
Director
since 2025
MOHAMED EL ACHOURI
Director
since 2025
RAYANE TALBI
Director
since 2025
NIELS WENNEKES
Director
since 2025
NIDAL SALAM HAMDACHE
Director
since 2025
MYRIAM HERNANDEZ SANCHEZ
Director
since 2025
ISMAIL SAGHIR
Director
since 2025
ALI HAIDER SYED
Director
since 2025
DIRK DE BLOCK
Chairman of the board
since 2025
RACHID BEN SALAH
Director
since 2025
since 2025
MOHAMED EL HAMOUTI
Director
since 2025
OUMAR DIALLO
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Sint-Jan-Baptistvoorplein 27
1080 Sint-Jans-Molenbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.984.331
- VAT number
- BE 0401.984.331
- Registered office
- Sint-Jan-Baptistvoorplein 27, 1080 Sint-Jans-Molenbeek
- Names & denominations
- Le Logement Molenbeekois · L.L.M.
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van sociale woningen
Verhuur van sociale woningen