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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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GINCO PROPERTIES from Diest, company number BE0457921261, closed financial year 2025 with a result of € -4,019 after tax. For that financial year GINCO PROPERTIES recorded a gross margin of € 525,744 and equity of € 4.5 million. Compared with financial year 2024, the result moved from € 1.3 million to € -4,019. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 4.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,019
▼ still € 1.3 million profit in 2024
Profit after tax over the fiscal year.
€ 37,469
▲ € 31,055 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4 million.
Debts at end 2025
€ 8.9 million
▲ 13% vs 2024
€ 174,168 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3,342
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 110,698
▲ 2% 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 | € 353,322 | € 322,989 | € 139,460 | € 525,744 | ▲ 277% |
| Profit after taxes | € -6,911 | € 185,707 | € 1,270,935 | € -4,019 | ▼ € 1.3 million |
| Equity | € 3,389,310 | € 3,525,017 | € 4,454,952 | € 4,450,933 | |
| Total debts | € 10,940,438 | € 11,529,533 | € 9,379,300 | € 9,902,365 | ▲ 6% |
| Cash | € 20,410 | € 24,744 | € 6,414 | € 37,469 | ▲ € 31,055 |
| Land & buildings | € 10,434,706 | € 10,193,579 | € 8,670,858 | € 8,592,447 | ▼ 1% |
| Retained profit | € 2,939,310 | € 3,075,017 | € 4,004,952 | € 4,000,933 | |
| Dividend | € 0 | € 50,000 | € 50,000 | € 0 | ▼ 100% |
| Bank debt | € 8,805,626 | € 8,492,305 | € 7,812,222 | € 8,866,344 | ▲ 13% |
| Balance sheet total | € 14,465,034 | € 15,184,774 | € 13,959,414 | € 14,473,397 | ▲ 4% |
Key figures of GINCO PROPERTIES, 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 GINCO PROPERTIES?
What happened at GINCO PROPERTIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Cathérine Vermeulen stepped down as director. NBB
- Le Stockeir Global Estate BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4,019 (▼ € 1.3 million vs 2024). Source: NBB ↗
- Cathérine Vermeulen became a director. NBB
- Le Stockeir Global Estate BV became a director. NBB
- New establishment in Diest. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,911 loss in 2022 to € 4,019 loss in 2025.
Paid € 101,598 in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
Paid out € 100,000 in dividends to the owners in total.
Management
It owns 50% of Sogipro, 50% of De Watersnip, 50% of Bertoli Construct, 50% of Bertoli, 33.3% of Warande Projects and 33.3% of Sint-Barbara Diest itself.
Directors
According to the 2025 annual accounts
Cathérine Vermeulen
Managing director
Also active at: Becar, Apoidea, De Watersnip, GINCO PROJECTS, GINCO SALES & SERVICES, Kruisheren Diest, Sint-Barbara Diest, Warande Projects +2 more
since 2024 · until 2030
Managing director · represented by Olivier Hendrickx
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Kardinaal Mercierstraat 10 box 2
3290 Diest
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Apoidea same network
€ 81,136 gross margin · 2025
GINCO PROJECTS same network
€ 71,119 gross margin · 2025
Kruisheren Diest same network
€ -5,778 gross margin · 2025
Sint-Barbara Diest same network
€ -16,760 gross margin · 2025
Warande Projects same network
€ -56,638 gross margin · 2025
+3 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
- 0457.921.261
- VAT number
- BE 0457.921.261
- Registered office
- Kardinaal Mercierstraat 10 bus 2, 3290 Diest
- Names & denominations
- GINCO PROPERTIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 April 1996
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Verhuur en exploitatie van terreinen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis