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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SOCRATES BUSINESS CENTER from Gent, company number BE0443712246, closed financial year 2025 with a result of € -653,025 after tax. For that financial year SOCRATES BUSINESS CENTER recorded a gross margin of € 112,597 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -777,387 to € -653,025. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 1, 2026.
€ 2.1 million
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -653,025
▲ 16 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,510
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.5 million.
People and assets in 2025
€ 77
▼ € 31,761 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
None
No bank loans on the last day of the fiscal year.
€ 50,465
▼ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 668,684
▲ € 662,888 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 | € 98,917 | € 92,682 | € 59,353 | € 112,597 | ▲ 90% |
| Profit after taxes | € -84,594 | € -164,867 | € -777,387 | € -653,025 | ▲ € 124,363 |
| Equity | € 3,742,606 | € 3,577,739 | € 2,800,352 | € 2,147,327 | ▼ 23% |
| Total debts | € 248,050 | € 264,486 | € 226,385 | € 719,149 | ▲ 218% |
| Cash | € 274 | € 236 | € 5,763 | € 3,510 | ▼ 39% |
| Land & buildings | € 3,091,314 | € 3,070,978 | € 3,026,976 | € 1,906,835 | ▼ 37% |
| Retained profit | € 3,132,606 | € 2,967,739 | € 2,190,352 | € 1,537,327 | ▼ 30% |
| Balance sheet total | € 5,097,527 | € 4,949,096 | € 4,133,608 | € 2,895,702 | ▼ 30% |
Key figures of SOCRATES BUSINESS CENTER, 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 SOCRATES BUSINESS CENTER?
What happened at SOCRATES BUSINESS CENTER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Feliciaan De Palmenaer stepped down as director. NBB
- Frank De Palmenaer stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 653,025. filed late Source: NBB ↗
- Feliciaan De Palmenaer became a director. NBB
- Frank De Palmenaer became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 84,594 loss in 2022 to € 653,025 loss in 2025.
Paid € 763,541 in corporate taxes since 2022.
Management
Directors
According to the 2025 annual accounts
Feliciaan De Palmenaer
Director
Also active at: STUDIE- EN EXPERTISEBUREAU DE PALMENAER, ABO-GROUP ENVIRONMENT, Argonauten
since 2021 · until 2027
Frank De Palmenaer
Managing director
Also active at: FRAPAL, STUDIE- EN EXPERTISEBUREAU DE PALMENAER, Studiebureau voor wegen- en Bouwkunde - Ontwerpen, Palladion, SIPRESS, 2B Construct, ABO Logistics, GEOSONDA +15 more
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Derbystraat 275
9051 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.712.246
- VAT number
- BE 0443.712.246
- Registered office
- Derbystraat 275, 9051 Gent
- Names & denominations
- SOCRATES BUSINESS CENTER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 March 1991
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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