What is the address of L'Union Immobilière?

The registered office of L'Union Immobilière is located at Louizalaan 221 box 4, 1050 Elsene.

Is L'Union Immobilière still active?

Yes. According to the CBE (29 October 2026) L'Union Immobilière is active, legal situation “Normale toestand”, started on 23 June 1939.

Is L'Union Immobilière registered on Peppol?

Yes, L'Union Immobilière is registered on the Peppol network with ID 0208:0402946413.

What is the enterprise number of L'Union Immobilière?

The enterprise number of L'Union Immobilière is BE0402946413.

When was L'Union Immobilière founded?

L'Union Immobilière was founded on 23 June 1939.

Who are the directors of L'Union Immobilière?

According to the 2025 annual accounts, the directors of L'Union Immobilière are: Erol KANDIYOTI, Melissa KANDIYOTI.

Is L'Union Immobilière a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 23 June 1939; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did L'Union Immobilière make in 2025?

L'Union Immobilière recorded a loss after taxes of € 17,775 in financial year 2025.

What is the revenue of L'Union Immobilière?

As a small company, L'Union Immobilière is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 39,400.

L'Union Immobilière (Public Limited) - Elsene

Dossier L'Union Immobilière, printed on 29 October 2026 from databakkes.be/en/0402946413/l-union-immobiliere. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Busy address KBO

29 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

L'Union Immobilière from Elsene, company number BE0402946413, closed financial year 2025 with a result of € -17,775 after tax. For that financial year L'Union Immobilière recorded a gross margin of € 39,400 and equity of € 68,752. Compared with financial year 2024, the result moved from € -19,047 to € -17,775. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.

What it is worth Healthy

€ 68,752

▼ 21% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -17,775

▲ 7 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 26,776

▼ 70% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -92,763.

People and assets in 2025

Wage cost

€ 998

▲ 3% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2025

Bank debt

€ 915,000

▲ 6% vs 2024

Loans from banks and other lenders, long and short.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 36,962 Gross margin 2022: € 36,962 First fiscal year in the series	€ 33,957 Gross margin 2023: € 33,957 ▼ 8% vs 2022 (€ 36,962) Unfavourable step	€ 37,320 Gross margin 2024: € 37,320 ▲ 10% vs 2023 (€ 33,957) Favourable step	€ 39,400 Gross margin 2025: € 39,400 ▲ 6% vs 2024 (€ 37,320) Favourable step	▲ 6%
Profit after taxes	€ -21,947 Profit after taxes 2022: € -21,947 First fiscal year in the series	€ -22,729 Profit after taxes 2023: € -22,729 ▼ € 783 vs 2022 (€ -21,947) Unfavourable step	€ -19,047 Profit after taxes 2024: € -19,047 ▲ € 3,683 vs 2023 (€ -22,729) Favourable step	€ -17,775 Profit after taxes 2025: € -17,775 ▲ € 1,272 vs 2024 (€ -19,047) Favourable step	▲ € 1,272
Equity	€ 28,303 Equity 2022: € 28,303 First fiscal year in the series	€ 105,573 Equity 2023: € 105,573 ▲ 273% vs 2022 (€ 28,303) Favourable step	€ 86,526 Equity 2024: € 86,526 ▼ 18% vs 2023 (€ 105,573) Unfavourable step	€ 68,752 Equity 2025: € 68,752 ▼ 21% vs 2024 (€ 86,526) Unfavourable step	▼ 21%
Total debts	€ 1,018,924 Total debts 2022: € 1,018,924 First fiscal year in the series	€ 871,248 Total debts 2023: € 871,248 ▼ 14% vs 2022 (€ 1,018,924) Favourable step	€ 867,042 Total debts 2024: € 867,042 Unchanged (€ 871,248) Favourable step	€ 915,997 Total debts 2025: € 915,997 ▲ 6% vs 2024 (€ 867,042) Unfavourable step	▲ 6%
Cash	€ 84,494 Cash 2022: € 84,494 First fiscal year in the series	€ 61,812 Cash 2023: € 61,812 ▼ 27% vs 2022 (€ 84,494) Unfavourable step	€ 89,643 Cash 2024: € 89,643 ▲ 45% vs 2023 (€ 61,812) Favourable step	€ 26,776 Cash 2025: € 26,776 ▼ 70% vs 2024 (€ 89,643) Unfavourable step	▼ 70%
Land & buildings	€ 927,609 Land & buildings 2022: € 927,609 First fiscal year in the series	€ 883,632 Land & buildings 2023: € 883,632 ▼ 5% vs 2022 (€ 927,609) Unchanged	€ 839,656 Land & buildings 2024: € 839,656 ▼ 5% vs 2023 (€ 883,632) Unchanged	€ 935,455 Land & buildings 2025: € 935,455 ▲ 11% vs 2024 (€ 839,656) Unchanged	▲ 11%
Retained profit	€ -33,212 Retained profit 2022: € -33,212 First fiscal year in the series	€ -55,942 Retained profit 2023: € -55,942 ▼ € 22,729 vs 2022 (€ -33,212) Unfavourable step	€ -74,988 Retained profit 2024: € -74,988 ▼ € 19,047 vs 2023 (€ -55,942) Unfavourable step	€ -92,763 Retained profit 2025: € -92,763 ▼ € 17,775 vs 2024 (€ -74,988) Unfavourable step	▼ € 17,775
Bank debt	€ 965,000 Bank debt 2022: € 965,000 First fiscal year in the series	€ 865,000 Bank debt 2023: € 865,000 ▼ 10% vs 2022 (€ 965,000) Favourable step	€ 865,000 Bank debt 2024: € 865,000 Unchanged (€ 865,000) Unchanged	€ 915,000 Bank debt 2025: € 915,000 ▲ 6% vs 2024 (€ 865,000) Unfavourable step	▲ 6%
Balance sheet total	€ 1,047,227 Balance sheet total 2022: € 1,047,227 First fiscal year in the series	€ 976,821 Balance sheet total 2023: € 976,821 ▼ 7% vs 2022 (€ 1,047,227) Unchanged	€ 953,568 Balance sheet total 2024: € 953,568 ▼ 2% vs 2023 (€ 976,821) Unchanged	€ 984,749 Balance sheet total 2025: € 984,749 ▲ 3% vs 2024 (€ 953,568) Unchanged	▲ 3%

Key figures of L'Union Immobilière, 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 L'Union Immobilière?

What happened at L'Union Immobilière in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Erol KANDIYOTI stepped down as director. NBB
2028 Melissa KANDIYOTI stepped down as director. NBB
Jun 9, 2026 New annual accounts for financial year 2025: loss of € 17,775. Source: NBB ↗
2022 Erol KANDIYOTI became a director. NBB
2022 Melissa KANDIYOTI became a director. NBB
Jun 23, 1939 Start of the company according to the CBE. KBO
Jun 1, 1939 New establishment in Elsene. KBO

In short

From € 21,947 loss in 2022 to € 17,775 loss in 2025.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Erol KANDIYOTI

Director

Also active at: Chemitex, Admiro, K FINANCE COORDINATION & SERVICES, MUSICA MUNDI SCHOOL, TEX DEVELOPMENT, KREST REAL ESTATE INVESTMENTS, KREST 3, KREST 2 +3 more

since 2022 · until 2028

Melissa KANDIYOTI

Director

Also active at: SIETH INVEST

since 2022 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

Louizalaan 221 box 4

1050 Elsene

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.

All companies at this address →

PATRIA

€ 107,560 gross margin · 2025

Chemitex same network

€ 101.3 million revenue · 2025

Amicale du Personnel d'Old England

Admiro same network

€ 25.4 million revenue · 2025

Association de l'Avenue Louise

+24 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: 0402.946.413
VAT number: BE 0402.946.413
Registered office: Louizalaan 221 bus 4, 1050 Elsene
Names & denominations: L'Union Immobilière
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 23 June 1939
Peppol: Active · Active since 5 Feb 2026

View on CBE Public ↗ Annual accounts (NBB) ↗

L'Union Immobilière