Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SPECIAL PROPERTIES from Knokke-Heist, company number BE0458845632, closed financial year 2025 with a result of € -48,722 after tax. For that financial year SPECIAL PROPERTIES recorded a gross margin of € 307,664 and equity of € 5 million. Compared with financial year 2024, the result moved from € -46,342 to € -48,722. 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 29, 2026.
€ 5 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -48,722
▼ 5 % more loss than in 2024
Profit after tax over the fiscal year.
€ 121,434
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.3 million.
Debts at end 2025
€ 2.3 million
▼ 4% vs 2024
€ 107,718 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 57,497
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,506
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 256,042 | € 201,570 | € 264,565 | € 307,664 | ▲ 16% |
| Profit after taxes | € 20,259 | € -33,581 | € -46,342 | € -48,722 | ▼ € 2,379 |
| Equity | € 5,270,526 | € 5,236,944 | € 5,190,602 | € 4,951,881 | ▼ 5% |
| Total debts | € 1,266,371 | € 2,896,273 | € 3,107,391 | € 3,053,888 | ▼ 2% |
| Cash | € 544,235 | € 549,730 | € 232,761 | € 121,434 | ▼ 48% |
| Land & buildings | € 4,442,328 | € 5,968,604 | € 6,422,512 | € 6,352,872 | ▼ 1% |
| Retained profit | € 1,660,271 | € 1,626,690 | € 1,580,347 | € 1,341,626 | ▼ 15% |
| Dividend | € 400,000 | € 0 | € 0 | € 190,000 | |
| Bank debt | € 559,116 | € 2,184,609 | € 2,447,806 | € 2,342,002 | ▼ 4% |
| Balance sheet total | € 6,854,557 | € 8,440,737 | € 8,595,372 | € 8,285,506 | ▼ 4% |
Key figures of SPECIAL 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 SPECIAL PROPERTIES?
What happened at SPECIAL PROPERTIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MDL UNITED NV stepped down as director. NBB
- QUALITY IMMOBILIEN NV stepped down as director. NBB
- CHAZAS NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 48,722. Source: NBB ↗
- MDL UNITED NV became a director. NBB
- QUALITY IMMOBILIEN NV became a director. NBB
- CHAZAS NV became a director. NBB
- New establishment in Knokke-Heist. KBO
In short
From € 20,259 profit in 2022 to € 48,722 loss in 2025.
Paid € 45,494 in corporate taxes since 2022.
Best year ever: 2022, with € 20,259 profit.
Paid out € 590,000 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 stake of MDL United, QUALITY IMMOBILIEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SPECIAL PROPERTIESThe shares are held by MDL United (73.4%) and QUALITY IMMOBILIEN (26.6%). It owns 16.6% of TIMELESS REAL ESTATE itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Lien De Baets
Also active at: QUALITY IMMOBILIEN, Chazas
since 2026 · until 2032
since 2026 · until 2032
since 2026 · until 2032
Shareholders
73.4%
26.6%
Participations
16.6%
Establishments
Establishment units
Physical locations of this company
Elizabetlaan 147
8300 Knokke-Heist
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.845.632
- VAT number
- BE 0458.845.632
- Registered office
- Elizabetlaan 147, 8300 Knokke-Heist
- Names & denominations
- SPECIAL PROPERTIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 September 1996
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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