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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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Promotion and Building Company from Nieuwpoort, company number BE0466872579, closed financial year 2025 with a result of € 282,913 after tax. For that financial year Promotion and Building Company recorded a gross margin of € 5,924 and equity of € -2.7 million. Compared with financial year 2024, the result moved from € -374,846 to € 282,913. Profitable, and profit is growing. 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 April 27, 2026.
€ -2.7 million
▲ € 282,913 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 282,913
▲ still € 374,846 loss in 2024
Profit after tax over the fiscal year.
€ 203
▲ € 157 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -2.8 million.
Debts at end 2025
€ 147,002
Loans from banks and other lenders, long and short.
€ 1 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 41,958
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 | € 86,092 | € 218,489 | € -379,644 | € 5,924 | ▲ € 385,568 |
| Profit after taxes | € -88,965 | € -3,349,093 | € -374,846 | € 282,913 | ▲ € 657,759 |
| Equity | € 786,200 | € -2,562,893 | € -2,937,738 | € -2,654,825 | ▲ € 282,913 |
| Total debts | € 17,738,712 | € 23,732,712 | € 20,837,773 | € 20,780,577 | |
| Cash | € 2,776 | € 2,759 | € 46 | € 203 | ▲ € 157 |
| Retained profit | € 686,200 | € -2,662,893 | € -3,037,738 | € -2,754,825 | ▲ € 282,913 |
| Bank debt | € 136,929 | € 154,901 | € 146,385 | € 147,002 | |
| Balance sheet total | € 18,524,912 | € 21,169,819 | € 17,900,034 | € 18,125,752 | ▲ 1% |
Key figures of Promotion and Building Company, 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 May 2027.
What happened to Promotion and Building Company?
What happened at Promotion and Building Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 282,913. Source: NBB ↗
- New establishment in Nieuwpoort. KBO
- Start of the company according to the CBE. KBO
In short
From € 88,965 loss in 2022 to € 282,913 profit in 2025.
Paid € 3.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 282,913 profit.
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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 SEA COAST GROUP AC, MYLECKE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Promotion and Building CompanyBehind Promotion and Building Company are Mylecke NV and Sea Coast Group AC BV. The shares are held by SEA COAST GROUP AC (50%) and MYLECKE (49%).
Directors
According to the 2025 annual accounts
Managing director · represented by Hendrik Danneels
Also active at: Life Tree Estate, Life Tree Properties, MONIRO, NORTH BUILDINGS, SEA COAST BEL, NIEUWPOORTS PARKEREN, SEA COAST CONSTRUCTION, Porta Agatha +8 more
Managing director · represented by Adelin Cloet
Also active at: VEDESCA, Flanders Hospitality, MONIRO, NORTH BUILDINGS, SEA COAST BEL, SEA COAST HORSES, SEA COAST CONSTRUCTION, Dunehotel +4 more
Shareholders
49%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Albert I laan 98
8620 Nieuwpoort
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →VEDESCA same network
€ -387 gross margin · 2025
NORTH SEA PROPERTIES
€ -4,931 gross margin · 2025
Flanders Hospitality same network
€ 703,215 gross margin · 2025
H & D COMPANY
€ 25,331 gross margin · 2026
MONIRO same network
€ -400 gross margin · 2025
+15 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
- 0466.872.579
- VAT number
- BE 0466.872.579
- Registered office
- Albert I laan 98, 8620 Nieuwpoort
- Names & denominations
- Promotion and Building Company
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 September 1999
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
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