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.
Financials
Financial year 2025
UIR LE PRESIDENT 1 from Elsene, company number BE0478283244, closed financial year 2025 with a result of € -4 million after tax. For that financial year UIR LE PRESIDENT 1 recorded revenue of € 640,025 and equity of € 7.4 million. Compared with financial year 2024, the result moved from € -3.7 million to € -4 million. 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 September 10, 2026.
€ 7.4 million
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4 million
▼ 7 % more loss than in 2024
Profit after tax over the fiscal year.
€ 665,186
▼ 70% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16.7 million.
Debts at end 2025
€ 19 million
Loans from banks and other lenders, long and short.
€ 657,460
▲ 243% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 252 days on average.
€ 108,764
▲ 114% 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 | |
|---|---|---|---|---|---|
| Revenue | € 0 | - | € 298,673 | € 640,025 | ▲ 114% |
| Profit after taxes | € -2,228,036 | € -3,086,193 | € -3,711,052 | € -3,988,210 | ▼ € 277,158 |
| Equity | € 12,711,795 | € 12,625,602 | € 11,414,549 | € 7,426,339 | ▼ 35% |
| Total debts | € 7,341,159 | € 16,701,619 | € 19,677,057 | € 20,253,472 | ▲ 3% |
| Cash | € 2,847,042 | € 146,691 | € 2,231,529 | € 665,186 | ▼ 70% |
| Land & buildings | € 16,647,774 | € 28,577,561 | € 27,005,171 | € 23,857,187 | ▼ 12% |
| Retained profit | € -5,893,772 | € -8,979,966 | € -12,691,018 | € -16,679,229 | ▼ € 4 million |
| Bank debt | € 6,600,000 | € 15,480,000 | € 18,980,000 | € 18,980,000 | |
| Balance sheet total | € 20,052,954 | € 29,327,220 | € 31,091,606 | € 27,679,811 | ▼ 11% |
Key figures of UIR LE PRESIDENT 1, 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 UIR LE PRESIDENT 1?
What happened at UIR LE PRESIDENT 1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Axel Hugo CEUSTERS stepped down as director. NBB
- Laurence SIMILLON stepped down as director. NBB
- Marc GÄRTNER stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4 million. filed late Source: NBB ↗
- Axel Hugo CEUSTERS became a director. NBB
- Laurence SIMILLON became a director. NBB
- Marc GÄRTNER became a director. NBB
- New establishment in Elsene. KBO
In short
From € 2.2 million loss in 2022 to € 4 million loss in 2025.
Management
Directors
According to the 2025 annual accounts
since 2025 · until 2031
since 2024 · until 2030
Marc GÄRTNER
Director
Also active at: THE FIRST, NewCort, UIR BELGIQUE 1, FG EURO GREEN 1, UII GREEN RETAIL 63, Global Life Tree, K in Kortrijk
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0478.283.244
- VAT number
- BE 0478.283.244
- Registered office
- Louizalaan 54, 1050 Elsene
- Names & denominations
- UIR LE PRESIDENT 1
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 2002
- Peppol
- Active · Active since 16 Dec 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen