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 1 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
IMMO HORECA MECHELEN from Mechelen, company number BE0478857821, closed financial year 2025 with a result of € -4.3 million after tax. For that financial year IMMO HORECA MECHELEN recorded a gross margin of € 1.5 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 439,948 to € -4.3 million. The company made a loss. The buffer shrank hard: equity is 57 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2026.
€ 3.3 million
▼ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.3 million
▼ still € 439,948 profit in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -552,079.
Debts at end 2025
€ 71,675
▲ 64% vs 2024
Loans from banks and other lenders, long and short.
€ 288,009
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 67,462
▲ € 62,025 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,083,646 | € 1,364,409 | € 1,740,434 | € 1,514,226 | ▼ 13% |
| Profit after taxes | € -225,636 | € 166,808 | € 439,948 | € -4,337,924 | ▼ € 4.8 million |
| Equity | € 6,805,967 | € 6,972,775 | € 7,649,317 | € 3,311,393 | ▼ 57% |
| Total debts | € 15,268,472 | € 14,718,757 | € 14,093,154 | € 14,184,645 | ▲ 1% |
| Land & buildings | € 21,782,800 | € 21,198,596 | € 20,848,706 | € 17,215,917 | ▼ 17% |
| Retained profit | € 2,942,495 | € 3,109,302 | € 3,785,844 | € -552,079 | ▼ € 4.3 million |
| Bank debt | € 0 | € 0 | € 43,617 | € 71,675 | ▲ 64% |
| Balance sheet total | € 22,293,801 | € 21,879,198 | € 21,866,975 | € 17,731,419 | ▼ 19% |
Key figures of IMMO HORECA MECHELEN, fiscal years 2021 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 IMMO HORECA MECHELEN?
What happened at IMMO HORECA MECHELEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Federico Castillo Martinez stepped down as director. NBB
- Kenny Willems stepped down as director. NBB
- Maarten Schuurman stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Federico Castillo Martinez became a director. NBB
- Maarten Schuurman became a director. NBB
- Valérie Laporte stepped down as director. NBB
- Gwendi Hernalsteen stepped down as director. NBB
In short
From € 225,636 loss in 2021 to € 4.3 million loss in 2025.
Paid € 240,208 in corporate taxes since 2021.
Best year ever: 2024, with € 439,948 profit.
Management
The shares are held by Alken-Maes NV (73.3%), Affligem Brouwerij NV (26.6%) and Handels- en Kredietmaatsschappij NV (0.1%).
Directors
According to the 2025 annual accounts
since 2022 · until 2025
since 2025 · until 2026
Federico Castillo Martinez
Director
Also active at: HANDELS- EN KREDIETMAATSCHAPPIJ, Affligem Brouwerij
since 2026 · until 2029
since 2026 · until 2027
Kenny Willems
Managing director
Also active at: HANDELS- EN KREDIETMAATSCHAPPIJ, BRASSERIE EXTENSION, Alken-Maes All Services, BELGIAN BREWERS - BELGISCHE BROUWERS - BRASSEURS BELGES, Alken-Maes
since 2023 · until 2029
Gwendi Hernalsteen
Director
Also active at: HANDELS- EN KREDIETMAATSCHAPPIJ, Affligem Brouwerij, Alken-Maes
since 2025 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mouterijpad 11-13 box 2
2800 Mechelen
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
- 0478.857.821
- VAT number
- BE 0478.857.821
- Registered office
- Mouterijpad 11-13 bus 2, 2800 Mechelen
- Names & denominations
- IMMO HORECA MECHELEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 2002
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen