Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2024.
-
Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
WPC REIT VM III (BE) from Mont-Saint-Guibert, company number BE0437914319, closed financial year 2025 with a result of € 16,082 after tax. For that financial year WPC REIT VM III (BE) recorded a gross margin of € 196,873 and equity of € 544,785. Compared with financial year 2024, the result moved from € 3,046 to € 16,082. 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 June 3, 2026.
€ 544,785
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,082
▲ € 13,037 vs 2024
Profit after tax over the fiscal year.
€ 69,481
▼ 4% 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 € 348,864.
Debts at end 2025
€ 1.8 million
▼ 8% vs 2024
Loans from banks and other lenders, long and short.
€ 14,842
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,995
▲ 40% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 193,027 | € 170,301 | € 185,307 | € 196,873 | ▲ 6% |
| Profit after taxes | € 35,478 | € -54,042 | € 3,046 | € 16,082 | ▲ € 13,037 |
| Equity | € 579,698 | € 525,656 | € 528,702 | € 544,785 | ▲ 3% |
| Total debts | € 2,180,586 | € 2,073,559 | € 2,027,854 | € 1,880,127 | ▼ 7% |
| Cash | € 31,822 | € 9,623 | € 72,220 | € 69,481 | ▼ 4% |
| Land & buildings | € 2,503,375 | € 2,395,908 | € 2,288,442 | € 2,180,976 | ▼ 5% |
| Retained profit | € 383,778 | € 329,736 | € 332,782 | € 348,864 | ▲ 5% |
| Bank debt | € 1,994,492 | € 1,994,492 | € 1,940,136 | € 1,789,882 | ▼ 8% |
| Balance sheet total | € 2,760,285 | € 2,599,215 | € 2,556,556 | € 2,424,911 | ▼ 5% |
Key figures of WPC REIT VM III (BE), 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 WPC REIT VM III (BE)?
What happened at WPC REIT VM III (BE) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,082 (▲ € 13,037 vs 2024). Source: NBB ↗
- Boudewinus Cornelis Hermanus Van Gastel became a director. NBB
- Gérard Philippson stepped down as director. NBB
- Martin Vestergaard became a director. NBB
- Gérard Philippson became a director. NBB
- New establishment in Mont-Saint-Guibert. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,478 profit in 2022 to € 16,082 profit in 2025.
Paid € 19,100 in corporate taxes since 2022.
Best year ever: 2022, with € 35,478 profit.
Management
Behind WPC REIT VM III (BE) are Boudewinus Cornelis Hermanus Van Gastel and Martin Vestergaard. The same people are also behind "WPC REIT VM II (BE)", WPC REIT VM (BE) and WPC REIT Vert (BE).
Directors
According to the 2025 annual accounts
Boudewinus Cornelis Hermanus Van Gastel
Director
Also active at: "WPC REIT VM II (BE)", WPC REIT VM (BE), WPC REIT Vert (BE)
since 2026
Martin Vestergaard
Director
Also active at: "WPC REIT VM II (BE)", WPC REIT VM (BE), WPC REIT Vert (BE)
since 2022
Gérard Philippson
Director
Also active at: "WPC REIT VM II (BE)", WPC REIT VM (BE), WPC REIT Vert (BE)
since 2022 · until 2025
Establishments
Establishment units
Physical locations of this company
Rue Emile Francqui 9
1435 Mont-Saint-Guibert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →"WPC REIT VM II (BE)" same network
€ 158,910 gross margin · 2025
RE INVEST
€ 96,308 gross margin · 2025
SOPEDI
€ 31,803 gross margin · 2025
Clean Power Hainaut
€ 4 million gross margin · 2025
CLEAN POWER
€ 21.3 million revenue · 2025
+20 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
- 0437.914.319
- VAT number
- BE 0437.914.319
- Registered office
- Rue Emile Francqui 9, 1435 Mont-Saint-Guibert
- Names & denominations
- WPC REIT VM III (BE)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 July 1989
- Peppol
- Active · Active since 25 Aug 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen