Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Société Anonyme d'Etudes et de Propriété Immobilière from Rixensart, company number BE0431053449, closed financial year 2025 with a result of € -6.2 million after tax. For that financial year Société Anonyme d'Etudes et de Propriété Immobilière recorded revenue of € 302,681 and equity of € 391,142. Compared with financial year 2024, the result moved from € 15,608 to € -6.2 million. The company made a loss. The buffer shrank hard: equity is 91 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 30, 2026.
€ 391,142
▼ 91% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.2 million
▼ still € 15,608 profit in 2024
Profit after tax over the fiscal year.
€ 50,295
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
Debts at end 2025
€ 1.2 million
▲ 107% vs 2024
€ 132,577 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 661,396
▲ 149% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1391 days on average.
€ 10,955
▲ 185% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 94,840 | € 594,855 | € 146,848 | € 302,681 | ▲ 106% |
| Profit after taxes | € -19,233 | € 596,424 | € 15,608 | € -6,207,668 | ▼ € 6.2 million |
| Equity | € 3,918,056 | € 4,514,480 | € 4,530,088 | € 391,142 | ▼ 91% |
| Total debts | € 2,176,334 | € 864,250 | € 1,204,665 | € 2,115,928 | ▲ 76% |
| Cash | € 189,243 | € 16,321 | € 222,945 | € 50,295 | ▼ 77% |
| Land & buildings | € 446,538 | € 399,760 | € 367,078 | € 2,175,218 | ▲ € 1.8 million |
| Retained profit | € 3,718,056 | € 4,314,480 | € 4,330,088 | € -2,120,858 | ▼ € 6.5 million |
| Bank debt | € 781,660 | € 396,618 | € 595,000 | € 1,230,030 | ▲ 107% |
| Balance sheet total | € 6,195,983 | € 5,660,284 | € 6,016,307 | € 2,836,565 | ▼ 53% |
Key figures of Société Anonyme d'Etudes et de Propriété 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 30 April 2027.
What happened to Société Anonyme d'Etudes et de Propriété Immobilière?
What happened at Société Anonyme d'Etudes et de Propriété Immobilière in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- VS MANCO SRL stepped down as director. NBB
- CLO MANAGEMENT SRL stepped down as director. NBB
- Pascale VIN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6.2 million (▼ € 6.2 million vs 2024). Source: NBB ↗
- VS MANCO SRL became a director. NBB
- CLO MANAGEMENT SRL became a director. NBB
- Pascale VIN became a director. NBB
- New establishment in Rixensart. KBO
In short
From € 19,233 loss in 2022 to € 6.2 million loss in 2025.
Paid € 21,894 in corporate taxes since 2022.
Best year ever: 2023, with € 596,424 profit.
A new publication or filing at Société Anonyme d'Etudes et de Propriété Immobilière? We notify you, reason included.
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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
It owns 94.9% of GROWNERS itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2028
since 2022 · until 2028
Pascale VIN
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Rue du Monastère 139
1330 Rixensart
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0431.053.449
- VAT number
- BE 0431.053.449
- Registered office
- Rue du Monastère 139, 1330 Rixensart
- Names & denominations
- Société Anonyme d'Etudes et de Propriété Immobilière · SAEPI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 1987
- Peppol
- Active · Active since 16 Jan 2026
- Activities · NACE
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