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.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DE RA from Middelkerke, company number BE0477542480, closed financial year 2025 with a result of € -100,853 after tax. For that financial year DE RA recorded a gross margin of € -7,402 and equity of € 379,509. Compared with financial year 2024, the result moved from € -307,097 to € -100,853. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 26, 2026.
€ 379,509
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -100,853
▲ 67 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,046
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 317,509.
Debts at end 2025
€ 1.7 million
▼ 9% vs 2024
€ 51,338 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 404,063
▼ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 616
▼ 83% 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 | € 1,978,211 | € 76,805 | € -168,221 | € -7,402 | ▲ € 160,819 |
| Profit after taxes | € 1,714,192 | € -541 | € -307,097 | € -100,853 | ▲ € 206,244 |
| Equity | € 788,001 | € 787,460 | € 480,363 | € 379,509 | ▼ 21% |
| Total debts | € 2,224,072 | € 3,044,686 | € 2,660,419 | € 2,596,657 | ▼ 2% |
| Cash | € 495,536 | € 27,652 | € 27,879 | € 2,046 | ▼ 93% |
| Retained profit | € 726,001 | € 725,460 | € 418,363 | € 317,509 | ▼ 24% |
| Dividend | € 1,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 640,530 | € 1,937,504 | € 1,807,196 | € 1,652,827 | ▼ 9% |
| Balance sheet total | € 3,012,073 | € 3,832,146 | € 3,140,781 | € 2,976,166 | ▼ 5% |
Key figures of DE RA, 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 DE RA?
What happened at DE RA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 100,853. Source: NBB ↗
- Immo Kamar NV stepped down as director. NBB
- Agence Sissau NV stepped down as director. NBB
- Groep Caenen Holding NV stepped down as director. NBB
- Agence Sissau NV became a director. NBB
- Groep Caenen Holding NV became a director. NBB
- Immo Kamar NV became a director. NBB
- New establishment in Middelkerke. KBO
In short
From € 1.7 million profit in 2022 to € 100,853 loss in 2025.
Paid € 254,032 in corporate taxes since 2022.
Best year ever: 2022, with € 1.7 million profit.
Paid out € 1 million in dividends to the owners in total.
Management
The stake of GROEP CAENEN HOLDING, AGENCE SISSAU comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DE RAThe shares are held by GROEP CAENEN HOLDING (25%) and AGENCE SISSAU (25%).
Directors
According to the 2025 annual accounts
Manager · represented by Danny Serlippens
since 2014 · until 2026
Manager · represented by Karel Hendrik Sissau
Also active at: IMMO COSTA, MIDDELKERKSE IMMOBILIENMAATSCHAPPIJ, MIM-INVEST
since 2014 · until 2026
Manager · represented by Gregory Caenen
Also active at: IMMOBILIEN PROMOTIE EN BELEGGINGEN, GROEP CAENEN FINANCE, MIDDELKERKSE IMMOBILIENMAATSCHAPPIJ, Groep Caenen Capital Fund, GROEP CAENEN CAPITAL FUND II, Eagle Fund I, GROEP CAENEN CAPITAL FUND III, EAGLE FUND II +19 more
since 2014 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zeedijk 63
8430 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →DEPOORTER
AGENCE DEPOORTER
€ 675,342 gross margin · 2025
CHARLES DEPOORTER INVEST
€ 381,928 gross margin · 2025
DEPOORTER IMMOBILIEN
€ 592,027 gross margin · 2025
BOCARENT
€ 442,348 gross margin · 2025
+25 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
- 0477.542.480
- VAT number
- BE 0477.542.480
- Registered office
- Zeedijk 63, 8430 Middelkerke
- Names & denominations
- DE RA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 2002
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
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Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis