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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Shrinking team NBB
FTE fell two years in a row, from 109 to 87.6.
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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
Antares Belgium Property from Sint-Gillis (bij-Brussel), company number BE0408083849, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year Antares Belgium Property recorded revenue of € 8.6 million and equity of € -41.9 million. Compared with financial year 2024, the result moved from € 1.1 million to € 1.1 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ -41.9 million
▲ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 65% 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 € -47.9 million.
People and assets in 2025
87.6
▼ 12.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.3 million
€ 71,800 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.
€ 1,592
▲ 75% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 55.5 million
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 55 years.
€ 298,078
▲ 150% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 129 days on average.
€ 720,160
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,605,445 | € 11,241,494 | € 11,299,792 | € 8,558,994 | ▼ 24% |
| Profit after taxes | € -251,940 | € -1,453,588 | € 1,061,484 | € 1,119,865 | ▲ 6% |
| Equity | € -42,628,464 | € -44,082,052 | € -43,020,568 | € -41,900,703 | ▲ € 1.1 million |
| Total debts | € 63,566,000 | € 58,859,551 | € 56,670,865 | € 56,577,952 | |
| Cash | € 805,350 | € 1,108,859 | € 797,849 | € 1,312,995 | ▲ 65% |
| Land & buildings | € 12,682,813 | € 11,216,357 | € 9,796,517 | € 9,223,596 | ▼ 6% |
| Retained profit | € -48,653,635 | € -50,107,224 | € -49,045,740 | € -47,925,874 | ▲ € 1.1 million |
| Bank debt | € 62,371,412 | € 57,398,736 | € 55,564,140 | € 55,484,204 | |
| Balance sheet total | € 20,937,537 | € 14,777,499 | € 13,650,297 | € 14,677,249 | ▲ 8% |
| Employees (FTE) | 97.2 | 109 | 99.9 | 87.6 | ▼ 12.3 |
Key figures of Antares Belgium Property, 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 Antares Belgium Property?
What happened at Antares Belgium Property in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thomas Bralower stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ 6% vs 2024). Source: NBB ↗
- Thomas Bralower became a director. NBB
- New establishment in Liège. KBO
- New establishment in Sint-Gillis (bij-Brussel). KBO
- New establishment in Machelen (Brab.). KBO
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 251,940 loss in 2022 to € 1.1 million profit in 2025.
Paid € 66,385 in corporate taxes since 2022.
Best year ever: 2025, with € 1.1 million profit.
Pays suppliers within 129 days on average.
Management
Directors
According to the 2025 annual accounts
Thomas Bralower
Director
since 2026 · until 2031
Establishments
Establishment units
Physical locations of this company
Charleroise Steenweg 38-40
1060 Sint-Gillis (bij-Brussel)
Alfons Smetsplein 7
3000 Leuven
Active since 16 November 1990
Boulevard de la Sauvenière 100
4000 Liège
Active since 24 September 2013
Charleroise Steenweg 40
1060 Sint-Gillis (bij-Brussel)
Active since 24 September 2013
Berkenlaan 5
1831 Machelen (Brab.)
Active since 24 September 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0408.083.849
- VAT number
- BE 0408.083.849
- Registered office
- Charleroise Steenweg 38-40, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- Antares Belgium Property
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 1971
- Peppol
- Not registered
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Beheer van overig onroerend goed
Verhuur van niet-residentiële gebouwen