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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Two loss years in a row NBB
Negative result in 2023 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SOCIÉTE DU GARNISTEAU from Watermaal-Bosvoorde, company number BE0402880590, closed financial year 2025 with a result of € -21,827 after tax. For that financial year SOCIÉTE DU GARNISTEAU recorded a gross margin of € 51,409 and equity of € 1 million. Compared with financial year 2023, the result moved from € -11,137 to € -21,827. The company made a loss. 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 August 31, 2026.
€ 1 million
▼ 5% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -21,827
▼ 96 % more loss than in 2023
Profit after tax over the fiscal year.
€ 7,265
▼ 3% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
Debts at end 2025
€ 243,892
▼ 25% vs 2023
€ 43,286 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 7,393
▼ 23% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 48,161 | € 50,716 | € 61,845 | € 51,409 | ▼ 17% |
| Profit after taxes | € -22,431 | € -21,310 | € -11,137 | € -21,827 | ▼ € 10,690 |
| Equity | € 1,099,209 | € 1,077,899 | € 1,066,762 | € 1,017,042 | ▼ 5% |
| Total debts | € 496,191 | € 463,683 | € 405,498 | € 328,949 | ▼ 19% |
| Cash | € 24,341 | € 26,033 | € 7,481 | € 7,265 | ▼ 3% |
| Land & buildings | € 1,561,939 | € 1,502,643 | € 1,443,346 | € 1,333,928 | ▼ 8% |
| Retained profit | € -1,700,791 | € -1,722,101 | € -1,733,238 | € -1,782,958 | ▼ € 49,720 |
| Bank debt | € 414,095 | € 371,908 | € 326,560 | € 243,892 | ▼ 25% |
| Balance sheet total | € 1,595,400 | € 1,541,582 | € 1,472,260 | € 1,345,991 | ▼ 9% |
Key figures of SOCIÉTE DU GARNISTEAU, fiscal years 2021 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 SOCIÉTE DU GARNISTEAU?
What happened at SOCIÉTE DU GARNISTEAU in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 21,827. filed late Source: NBB ↗
- Thibualt Relecom became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Watermaal-Bosvoorde. KBO
In short
From € 22,431 loss in 2021 to € 21,827 loss in 2025.
Management
Behind SOCIÉTE DU GARNISTEAU is Thibualt Relecom.
Directors
According to the 2025 annual accounts
Thibualt Relecom
Director
since 2008
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25 box 9
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
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€ 3.7 million revenue · 2025
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La Garantie Belge
LA MUTUELLE PATRONALE (A.A.M. CONTRE LES RISQUES DECOULANT DE LA LEGISLATION RELATIVE AU SALAIRE GARANTI)
Terrebois
€ 1.2 million revenue · 2025
+77 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
- 0402.880.590
- VAT number
- BE 0402.880.590
- Registered office
- Vorstlaan 25 bus 9, 1170 Watermaal-Bosvoorde
- Names & denominations
- SOCIÉTE DU GARNISTEAU
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen