Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 30.4 to 23.1.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BPI Real Estate Belgium from Oudergem, company number BE0438425053, closed financial year 2025 with a result of € 14 million after tax. For that financial year BPI Real Estate Belgium recorded revenue of € 15.2 million and equity of € 154.4 million. Compared with financial year 2024, the result moved from € 15.8 million to € 14 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 30, 2026.
€ 154.4 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14 million
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 110,448
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 12 million paid out
85 % of the profit went to the shareholders, mostly to Compagnie d'entreprises CFE S.A. (100 % of the shares). That is where the money ends up.
People and assets in 2025
23.1
▼ 4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▼ 17% vs 2024
€ 144,200 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.
€ 74,028
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 40 million
▼ 20% vs 2024
Loans from banks and other lenders, long and short.
€ 2.8 million
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 811,280
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,038,225 | € 24,369,746 | € 17,761,508 | € 15,227,992 | ▼ 14% |
| Profit after taxes | € 22,586,119 | € 8,450,352 | € 15,765,192 | € 14,037,213 | ▼ 11% |
| Equity | € 114,170,953 | € 144,621,305 | € 152,386,497 | € 154,423,710 | ▲ 1% |
| Total debts | € 109,076,775 | € 113,002,446 | € 83,839,762 | € 64,724,522 | ▼ 23% |
| Cash | € 188,343 | € 103,160 | € 107,388 | € 110,448 | ▲ 3% |
| Retained profit | € 54,111,633 | € 54,561,985 | € 62,327,177 | € 64,364,390 | ▲ 3% |
| Dividend | € 11,000,000 | € 8,000,000 | € 8,000,000 | € 12,000,000 | ▲ 50% |
| Bank debt | € 42,250,000 | € 69,000,000 | € 50,250,000 | € 40,000,000 | ▼ 20% |
| Balance sheet total | € 223,305,557 | € 257,623,751 | € 236,226,259 | € 219,148,232 | ▼ 7% |
| Employees (FTE) | 30.9 | 30.4 | 27.1 | 23.1 | ▼ 4 |
Key figures of BPI Real Estate Belgium, 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 BPI Real Estate Belgium?
What happened at BPI Real Estate Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MSQ SRL stepped down as director. NBB
- Piet Dejonghe stepped down as director. NBB
- Artist Valley SA stepped down as director. NBB
- Trorema SRL stepped down as director. NBB
- An Herremans stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 14 million (▼ 11% vs 2024). Source: NBB ↗
- MSQ SRL became a director. NBB
- Piet Dejonghe became a director. NBB
In short
From € 22.6 million profit in 2022 to € 14 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 22.6 million profit.
Paid out € 39 million in dividends to the owners in total.
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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
The shares are held by Compagnie d'entreprises CFE S.A. (100%). It owns 100% of BPI Pure, 100% of BPI Real Estate Luxemburg, 100% of BPI Park West, 100% of Wolimmo, 100% of Projectontwikkeling Van Wellen and 100% of BPI Samaya itself.
Directors
According to the 2025 annual accounts
Director · represented by Fabien De Jonge
Also active at: Van Laere, V.M.A., BPI SAMAYA, MOBIX, Brantegem, BPC Group, VMA SUD, Mobix Engetec +19 more
since 2024 · until 2030
Piet Dejonghe
Director
since 2024 · until 2030
since 2024 · until 2030
Director · represented by Trost Raymund
Also active at: Groep Terryn Construct, TERRYN TIMBER PRODUCTS, Van Laere, V.M.A., MOBIX, MBG, GROEP TERRYN, BPC Group +12 more
since 2024 · until 2030
An Herremans
Director
since 2024 · until 2030
Shareholders
Participations
100%
BPI Real Estate Luxemburg
100%
100%
100%
100%
100%
100%
BPI Real Estate Poland
99.9%
70%
70%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
50%
Bayside
40%
Bedford
40%
37.5%
33.3%
33%
Establishments
Establishment units
Physical locations of this company
Edmond Van Nieuwenhuyselaan 30
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →AANNEMINGSMAATSCHAPPIJ CFE same network
€ 2.6 million revenue · 2025
Groep Terryn Construct same network
TERRYN TIMBER PRODUCTS same network
€ 3.1 million revenue · 2025
BPI SAMAYA same network
€ 14,721 gross margin · 2025
GROEP TERRYN same network
€ 1 million revenue · 2025
+50 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
- 0438.425.053
- VAT number
- BE 0438.425.053
- Registered office
- Edmond Van Nieuwenhuyselaan 30, 1160 Oudergem
- Names & denominations
- BPI Real Estate Belgium · B.P.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 August 1989
- Peppol
- Active · Active since 2 May 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Ontwikkeling van niet-residentiële bouwprojecten
Projectontwikkeling voor kantoorbouw