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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MECHELEN ZUID Estate from Vilvoorde, company number BE0478880090, closed financial year 2025 with a result of € -228,630 after tax. For that financial year MECHELEN ZUID Estate recorded a gross margin of € 238,790 and equity of € -4 million. Compared with financial year 2024, the result moved from € -74,715 to € -228,630. The company made a loss. 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 July 2, 2026.
€ -4 million
▼ € 228,630 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -228,630
▼ 206 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,110
▼ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 41,876
▼ 76% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,282
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 | € 920,372 | € 1,002,456 | € 299,868 | € 238,790 | ▼ 20% |
| Profit after taxes | € -558,513 | € 348,538 | € -74,715 | € -228,630 | ▼ € 153,915 |
| Equity | € -4,089,107 | € -3,740,569 | € -3,815,283 | € -4,043,913 | ▼ € 228,630 |
| Total debts | € 6,618,280 | € 6,058,912 | € 6,335,628 | € 6,943,527 | ▲ 10% |
| Cash | € 4,520 | € 2,368 | € 2,149 | € 2,110 | ▼ 2% |
| Land & buildings | € 2,351,377 | € 2,150,546 | € 2,349,893 | € 2,683,528 | ▲ 14% |
| Retained profit | € -5,851,457 | € -5,502,919 | € -5,577,633 | € -5,806,263 | ▼ € 228,630 |
| Bank debt | € 6,487,372 | € 5,943,203 | € 0 | € 0 | |
| Balance sheet total | € 2,529,174 | € 2,318,344 | € 2,520,344 | € 2,899,614 | ▲ 15% |
Key figures of MECHELEN ZUID Estate, 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 MECHELEN ZUID Estate?
What happened at MECHELEN ZUID Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philippe Van der Beken stepped down as director. NBB
- Lien Standaert stepped down as director. NBB
- Hans Ongena stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 228,630. Source: NBB ↗
- Philippe Van der Beken became a director. NBB
- Lien Standaert became a director. NBB
- Hans Ongena became a director. NBB
- New establishment in Vilvoorde. KBO
In short
From € 558,513 loss in 2022 to € 228,630 loss in 2025.
Paid € 82,110 in corporate taxes since 2022.
Best year ever: 2023, with € 348,538 profit.
Management
The shares are held by Celogix Belgium Properties NV (100%).
Directors
According to the 2025 annual accounts
Lien Standaert
Director
Also active at: Canal Logistic Center, BEL ASTRE, MECHELEN ZUID INVESTMENTS, MECHELEN ZUID LOGISTICS, MECHELEN ZUID PROJECTS, C€LOGIX BELGIUM PROPERTIES, GELF Arbo Logistics (Belgium), GOODMAN VILVOORDE LOGISTICS (BELGIUM) +7 more
since 2024 · until 2030
Hans Ongena
Director
Also active at: Canal Logistic Center, BEL ASTRE, MECHELEN ZUID INVESTMENTS, MECHELEN ZUID LOGISTICS, MECHELEN ZUID PROJECTS, C€LOGIX BELGIUM PROPERTIES, GELF Arbo Logistics (Belgium), JUPITER LOGISTIC HOLDING +2 more
since 2021 · until 2027
Philippe Van der Beken
Director
Also active at: Canal Logistic Center, BEL ASTRE, MECHELEN ZUID INVESTMENTS, MECHELEN ZUID LOGISTICS, MECHELEN ZUID PROJECTS, C€LOGIX BELGIUM PROPERTIES, GELF Arbo Logistics (Belgium), GOODMAN VILVOORDE LOGISTICS (BELGIUM) +8 more
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Medialaan 50
1800 Vilvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →BACARDI - MARTINI BELGIUM
€ 81.4 million revenue · 2026
Canal Logistic Center same network
€ 2.4 million gross margin · 2025
CARRO INVEST WAREHOUSING
€ 2.5 million gross margin · 2025
ORACLE BELGIUM
€ 58.1 million revenue · 2025
OGEDA
€ 5.9 million gross margin · 2025
+24 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
- 0478.880.090
- VAT number
- BE 0478.880.090
- Registered office
- Medialaan 50, 1800 Vilvoorde
- Names & denominations
- MECHELEN ZUID Estate · MZE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 November 2002
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
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