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 27 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 2 to 0.4.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Groep Caenen Capital Fund from Middelkerke, company number BE0549914576, closed financial year 2024 with a result of € 815,342 after tax. For that financial year Groep Caenen Capital Fund recorded revenue of € 25.8 million and equity of € 3.6 million. Compared with financial year 2023, the result moved from € 1.3 million to € 815,342. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2025.
€ 3.6 million
▼ 9% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 815,342
▼ 39% vs 2023
Profit after tax over the fiscal year.
€ 767,296
▼ 79% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
0.4
▼ 0.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 57,401
▼ 63% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,060
▲ 39% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 106.4 million
▼ 18% vs 2023
€ 3.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 23 years.
€ 24,866
▲ 38% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 144,932
▼ 6% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 15,782,508 | € 16,062,982 | € 10,856,591 | € 25,782,025 | ▲ 137% |
| Profit after taxes | € 2,137,844 | € 2,185,355 | € 1,332,861 | € 815,342 | ▼ 39% |
| Equity | € 2,529,511 | € 3,714,866 | € 3,907,727 | € 3,573,070 | ▼ 9% |
| Total debts | € 111,138,052 | € 124,491,824 | € 132,333,958 | € 108,247,862 | ▼ 18% |
| Cash | € 2,315,725 | € 2,004,952 | € 3,622,355 | € 767,296 | ▼ 79% |
| Land & buildings | € 35,864 | € 27,062 | € 18,261 | € 9,460 | ▼ 48% |
| Retained profit | € 1,529,511 | € 2,714,866 | € 2,907,727 | € 2,573,070 | ▼ 12% |
| Dividend | € 1,100,000 | € 1,000,000 | € 1,140,000 | € 1,150,000 | ▲ 1% |
| Bank debt | € 108,755,270 | € 123,832,675 | € 130,185,877 | € 106,438,240 | ▼ 18% |
| Balance sheet total | € 113,667,562 | € 128,206,690 | € 136,241,685 | € 111,820,932 | ▼ 18% |
| Employees (FTE) | 2 | 2 | 1 | 0.4 | ▼ 0.6 |
Key figures of Groep Caenen Capital Fund, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Groep Caenen Capital Fund?
What happened at Groep Caenen Capital Fund in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Devan Holding BV stepped down as director. NBB
- Arfides NV stepped down as director. NBB
- Real Estate Solutions BV stepped down as director. NBB
- Groep Caenen Holding BV stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 815,342 (▼ 39% vs 2023). Source: NBB ↗
- Devan Holding BV became a director. NBB
- Arfides NV became a director. NBB
- Real Estate Solutions BV became a director. NBB
In short
From € 2.1 million profit in 2021 to € 815,342 profit in 2024.
Paid € 1.7 million in corporate taxes since 2021.
Best year ever: 2022, with € 2.2 million profit.
Paid out € 4.4 million in dividends to the owners in total.
A new publication or filing at Groep Caenen Capital Fund? We notify you, reason included.
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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 stake of Solaedi comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Groep Caenen Capital FundThe shares are held by Solaedi (100%). It owns 100% of Groep Caenen Capital Fund IV, 100% of Groep Caenen Capital Fund II and 100% of Groep Caenen Capital Fund III itself.
Directors
According to the 2024 annual accounts
Bestuurder · represented by Steve Degrieck
Also active at: BELFAS, KOBE PROJECTS, GROEP CAENEN CAPITAL FUND II, Eagle Fund I, GROEP CAENEN CAPITAL FUND III, EAGLE FUND II, SEAPARK, GROEP CAENEN CAPITAL FUND V +19 more
since 2023 · until 2029
Bestuurder · represented by Stefan Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, GANDS, PARC RESIDENCES, URBAN LIVING PROJECT MANAGEMENT, Canalis Invest +43 more
since 2023 · until 2029
Bestuurder · represented by Bart Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, BESSENVELD 3, BESSENVELD 2, GANDS, BESSENVELD 4 +35 more
since 2023 · until 2029
Bestuurder · represented by Gregory Caenen
Owns 32.9% via Solaedi
Also active at: IMMOBILIEN PROMOTIE EN BELEGGINGEN, BELFAS, GROEP CAENEN FINANCE, DE RA, MIDDELKERKSE IMMOBILIENMAATSCHAPPIJ, GROEP CAENEN CAPITAL FUND II, Eagle Fund I, GROEP CAENEN CAPITAL FUND III +20 more
since 2023 · until 2029
Shareholders
Solaedi · holding of Groep Caenen Holding BV
100%
Participations
Establishments
Establishment units
Physical locations of this company
Leopoldlaan 121
8430 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →GROEP CAENEN FINANCE same network
€ -59,966 gross margin · 2025
GROEP CAENEN CAPITAL FUND II same network
€ 23,568 gross margin · 2025
Eagle Fund I same network
€ 693,978 gross margin · 2024
GROEP CAENEN CAPITAL FUND III same network
€ 120,595 gross margin · 2025
EAGLE FUND II same network
€ -47,033 gross margin · 2025
+15 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
- 0549.914.576
- VAT number
- BE 0549.914.576
- Registered office
- Leopoldlaan 121, 8430 Middelkerke
- Names & denominations
- Groep Caenen Capital Fund
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 2014
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van holdings
Holdings