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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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
Covered Bond Label from Brussel, company number BE0500950659, closed financial year 2025 with a result of € 197,334 after tax. For that financial year Covered Bond Label recorded a gross margin of € 156,761 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 17,749 to € 197,334. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 1.9 million
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 197,334
▲ € 179,585 vs 2024
Profit after tax over the fiscal year.
€ 2.5 million
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 945,586
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,958
▲ 5% vs 2024
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 | € -86,622 | € 105,212 | € 23,539 | € 156,761 | ▲ € 133,222 |
| Profit after taxes | € -92,945 | € 104,251 | € 17,749 | € 197,334 | ▲ € 179,585 |
| Equity | € 1,545,068 | € 1,649,319 | € 1,667,068 | € 1,864,401 | ▲ 12% |
| Total debts | € 651,240 | € 666,211 | € 910,836 | € 1,015,544 | ▲ 11% |
| Cash | € 1,874,478 | € 1,962,773 | € 2,261,403 | € 2,510,308 | ▲ 11% |
| Retained profit | € 1,544,568 | € 1,648,819 | € 1,666,568 | € 1,863,901 | ▲ 12% |
| Balance sheet total | € 2,196,308 | € 2,315,530 | € 2,577,903 | € 2,879,945 | ▲ 12% |
Key figures of Covered Bond Label, 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 Covered Bond Label?
What happened at Covered Bond Label in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick SEIFERT stepped down as director. NBB
- Sanna Maaria ERIKSSON stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 197,334 (▲ € 179,585 vs 2024). Source: NBB ↗
- Stefano PATRUNO stepped down as director. NBB
- Luca BERTALOT stepped down as director. NBB
- Patrick SEIFERT became a director. NBB
- Sanna Maaria ERIKSSON became a director. NBB
- Stefano PATRUNO became a director. NBB
In short
From € 92,945 loss in 2022 to € 197,334 profit in 2025.
Best year ever: 2025, with € 197,334 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
Directors
According to the 2025 annual accounts
since 2021 · until 2026
Luca BERTALOT
Managing director
since 2014 · until 2026
Patrick SEIFERT
Director
since 2025 · until 2027
since 2023 · until 2027
Establishments
Establishment units
Physical locations of this company
Wetenschapsstraat 14A
1040 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
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€ 1 million gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0500.950.659
- VAT number
- BE 0500.950.659
- Registered office
- Wetenschapsstraat 14A, 1040 Brussel
- Names & denominations
- Covered Bond Label
- Enterprise type
- Rechtspersoon
- Legal form
- Private foundation
- Legal situation
- Normale toestand
- Start date
- 21 November 2012
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen