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 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
44 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
FONCIERE INVEST from Namur, company number BE0536602911, closed financial year 2025 with a result of € -1 million after tax. For that financial year FONCIERE INVEST recorded a gross margin of € 1.3 million and equity of € 6.6 million. Compared with financial year 2024, the result moved from € 329,374 to € -1 million. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 6.6 million
▲ € 6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1 million
▼ still € 329,374 profit in 2024
Profit after tax over the fiscal year.
€ 107,606
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.5 million.
Debts at end 2025
€ 47.7 million
▲ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 3.4 million
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,156,427 | € 1,188,604 | € 3,673,625 | € 1,296,030 | ▼ 65% |
| Profit after taxes | € -413,341 | € -2,081,193 | € 329,374 | € -1,024,775 | ▼ € 1.4 million |
| Equity | € 2,347,523 | € 266,330 | € 595,705 | € 6,570,929 | ▲ € 6 million |
| Total debts | € 73,954,637 | € 79,048,370 | € 74,134,596 | € 67,531,222 | ▼ 9% |
| Cash | € 477,111 | € 400,026 | € 157,802 | € 107,606 | ▼ 32% |
| Retained profit | € 296,843 | € -1,784,350 | € -1,454,976 | € -2,479,751 | ▼ € 1 million |
| Bank debt | € 49,080,000 | € 49,520,141 | € 43,872,312 | € 47,689,211 | ▲ 9% |
| Balance sheet total | € 76,302,161 | € 79,314,701 | € 74,730,300 | € 74,102,151 | ▼ 1% |
Key figures of FONCIERE INVEST, 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 FONCIERE INVEST?
What happened at FONCIERE INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel CLAES stepped down as director. NBB
- SMAPIC SRL stepped down as director. NBB
- François Piron SRL stepped down as director. NBB
- ABSOlute Consulting SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1 million (▼ € 1.4 million vs 2024). filed late Source: NBB ↗
- Edouard HERINCKX stepped down as director. NBB
- ABSOlute Consulting SRL became a director. NBB
- Michel CLAES became a director. NBB
In short
From € 413,341 loss in 2022 to € 1 million loss in 2025.
Best year ever: 2024, with € 329,374 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
The shares are held by TP Holding SA (100%). It owns 75% of Eurovillage, 51% of Foncière de Nielle Sud, 30% of Foncière de Bavière A, 30% of Foncière de Bavière C and 30% of Foncière de Bavière itself.
Directors
According to the 2025 annual accounts
Michel CLAES
Director
Also active at: SOMIBA, B32 Renaissance, UNIVERSALIS PARK 3, UNIVERSALIS PARK 3 C, UNIVERSALIS PARK 2, UNIVERSALIS PARK 3 AB, ASTY MOULIN PROPERTIES, RESILIS INVEST
since 2021 · until 2027
Chairman of the board · represented by Aubry Lefebvre
Also active at: SOMIBA, B.T.A. CONSTRUCT, Triomphe 174, NORDI, Coeur de Ville, FONCIERE DE BAVIERE C, FONCIERE DE BAVIERE A, Bureau Cauchy C +18 more
since 2021 · until 2027
Director · represented by François Piron
Also active at: THOMAS ET PIRON HOME, SOTRABA, Galère, THOMAS & PIRON HOLDING, B.T.A. CONSTRUCT, DESSIN PERFORMANCE ENERGIE, ESPACES PROMOTION, SOLUXIM +24 more
since 2021 · until 2027
Edouard HERINCKX
Managing director
Also active at: THOMAS ET PIRON HOME, SOMIBA, THOMAS & PIRON HOLDING, B.T.A. CONSTRUCT, Coeur de Ville, BAVIERE DEVELOPPEMENT, Bureau Cauchy C, B32 Renaissance +5 more
since 2021 · until 2026
Director · represented by Olivier BEGUIN
Also active at: I.D., THOMAS & PIRON HOME, ORTHOPEDIE TOUSSAINT, OTTIGNIMMO, Galère, Sporsystem, MECCO-GOSSENT, Société anonyme WAUTERS NV +50 more
since 2026 · until 2027
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Rue du Fort d'Andoy(WD) 5
5100 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 44 companies are registered at this address.
All companies at this address →B.T.A. CONSTRUCT same network
€ -5,059 gross margin · 2025
THOMAS & PIRON ICT
€ 2.9 million gross margin · 2025
Thomas & Piron RENOVATION same network
€ 50.4 million revenue · 2025
NORDI same network
€ -475 gross margin · 2025
Coeur de Ville same network
€ 7.8 million revenue · 2025
+39 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
- 0536.602.911
- VAT number
- BE 0536.602.911
- Registered office
- Rue du Fort d'Andoy(WD) 5, 5100 Namur
- Names & denominations
- FONCIERE INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 July 2013
- Peppol
- Not registered