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 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 17 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
COURCELLES IMMO from Frameries, company number BE0538942688, closed financial year 2026 with a result of € -92,395 after tax. For that financial year COURCELLES IMMO recorded revenue of € 4,500 and equity of € -209,873. Compared with financial year 2025, the result moved from € -51,764 to € -92,395. 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 September 14, 2026.
€ -209,873
▼ € 92,395 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -92,395
▼ 78 % more loss than in 2025
Profit after tax over the fiscal year.
€ 1,550
▼ 89% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -309,873.
People and assets in 2026
1
▲ 0.6 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 48,130
▲ 129% vs 2025
€ 48,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2026
€ 653,239
▲ 135% vs 2025
€ 68,690 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 34,430
▲ 213% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 83 days on average.
€ 11,920
▲ 85% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 4,500 | |
| Gross margin | € 16,394 | € 3,966 | € -3,111 | - | |
| Profit after taxes | € -12,480 | € -23,758 | € -51,764 | € -92,395 | ▼ € 40,631 |
| Equity | € -41,956 | € -65,714 | € -117,478 | € -209,873 | ▼ € 92,395 |
| Total debts | € 946,193 | € 960,618 | € 981,334 | € 1,741,873 | ▲ 78% |
| Cash | € 4,368 | € 14,034 | € 14,272 | € 1,550 | ▼ 89% |
| Land & buildings | € 396,533 | € 382,182 | € 370,446 | € 356,643 | ▼ 4% |
| Retained profit | € -141,956 | € -165,714 | € -217,478 | € -309,873 | ▼ € 92,395 |
| Bank debt | € 331,241 | € 304,807 | € 277,910 | € 653,239 | ▲ 135% |
| Balance sheet total | € 904,237 | € 894,904 | € 863,856 | € 1,532,000 | ▲ 77% |
| Employees (FTE) | - | - | 0.4 | 1 | ▲ 0.6 |
Key figures of COURCELLES IMMO, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to COURCELLES IMMO?
What happened at COURCELLES IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 92,395. Source: NBB ↗
- COURCELLES GROUP S.R.L. became a director. NBB
- Amédéo COURCELLES became a director. NBB
- New establishment in Frameries. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,480 loss in 2023 to € 92,395 loss in 2026.
Paid € 350 in corporate taxes since 2023.
Pays suppliers within 83 days on average.
Management
Behind COURCELLES IMMO are COURCELLES GROUP S.R.L. and Amédéo COURCELLES. It owns 100% of Bureau d'Etudes BTC, 100% of Centre d'Affaires Parc 71, 100% of Qube Promotions, 50% of R.B.A. Promotions and 25% of Gosset itself.
Directors
According to the 2026 annual accounts
Director · represented by Bernard COURCELLES
Also active at: B.C. GROUP, GOSSET
since 2021
Amédéo COURCELLES
Director
Also active at: DELMARENGO, DELDOUR, TOMDO, COURCELLES PET’S COMPANY, BATECOLOR, CENTRE D'AFFAIRES PARC 71, COURCELLES RETAIL
since 2021
Establishments
Establishment units
Physical locations of this company
Av. des Nouvelles Technologies 71
7080 Frameries
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →Clair-Office
€ 2.5 million gross margin · 2025
DELMARENGO same network
€ 8.8 million revenue · 2026
ORNIMMO
€ 44,749 revenue · 2026
DELDOUR same network
€ 10.1 million revenue · 2026
B.C. UNIT
+22 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
- 0538.942.688
- VAT number
- BE 0538.942.688
- Registered office
- Av. des Nouvelles Technologies 71, 7080 Frameries
- Names & denominations
- COURCELLES IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2013
- Peppol
- Active · Active since 21 Oct 2026
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