Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
INVEST-IMMO-BELGIUM from Brussel, company number BE0452401466, closed financial year 2025 with a result of € -445,999 after tax. For that financial year INVEST-IMMO-BELGIUM recorded a gross margin of € -6,531 and equity of € -1.3 million. Compared with financial year 2024, the result moved from € -555,823 to € -445,999. The company made a loss. 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 September 23, 2026.
€ -1.3 million
▼ € 475,567 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -445,999
▲ 20 % less loss than in 2024
Profit after tax over the fiscal year.
€ 27,322
▲ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2025
€ 17,316
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.7 million
▼ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 33,557
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 231,103 | € 41,341 | € -99,137 | € -6,531 | ▲ € 92,606 |
| Profit after taxes | € -115,952 | € -449,988 | € -555,823 | € -445,999 | ▲ € 109,824 |
| Equity | € 290,195 | € -186,594 | € -795,007 | € -1,270,573 | ▼ € 475,567 |
| Total debts | € 7,661,265 | € 6,984,056 | € 7,415,096 | € 7,277,904 | ▼ 2% |
| Cash | € 482,713 | € 17,880 | € 14,540 | € 27,322 | ▲ 88% |
| Land & buildings | € 4,813,657 | € 5,359,421 | € 5,098,059 | € 4,801,867 | ▼ 6% |
| Retained profit | € -2,717,634 | € -3,167,622 | € -3,723,445 | € -4,169,444 | ▼ € 445,999 |
| Bank debt | € 1,720,116 | € 1,655,412 | € 1,884,519 | € 1,687,714 | ▼ 10% |
| Balance sheet total | € 7,951,460 | € 6,797,461 | € 6,620,089 | € 6,007,330 | ▼ 9% |
Key figures of INVEST-IMMO-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 INVEST-IMMO-BELGIUM?
What happened at INVEST-IMMO-BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gilbert MICHEL stepped down as director. NBB
- Olga SPITCHAKOVA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 445,999. filed late Source: NBB ↗
- Gilbert MICHEL became a director. NBB
- Olga SPITCHAKOVA became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 115,952 loss in 2022 to € 445,999 loss in 2025.
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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
Directors
According to the 2025 annual accounts
Gilbert MICHEL
Managing director
since 2021 · until 2027
Olga SPITCHAKOVA
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Louizalaan 346
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →BRABO VENTURES
€ 182,620 gross margin · 2024
EURO DOMUS
€ 7,149 gross margin · 2024
M.I. SUPPLIES
HOLDING LES ETANGS
€ 76,653 gross margin · 2024
WEBSTORE
€ -2,959 gross margin · 2025
+1 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
- 0452.401.466
- VAT number
- BE 0452.401.466
- Registered office
- Louizalaan 346, 1050 Brussel
- Names & denominations
- INVEST-IMMO-BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 March 1994
- Peppol
- Active · Active since 27 Nov 2025