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 33 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
75 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BELGRET from Liège, company number BE0628668975, closed financial year 2025 with a result of € 100,359 after tax. For that financial year BELGRET recorded a gross margin of € 267,236 and equity of € 209,764. Compared with financial year 2024, the result moved from € 110,038 to € 100,359. The company is profitable. 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 21, 2026.
€ 209,764
▲ 92% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 100,359
▼ 9% vs 2024
Profit after tax over the fiscal year.
€ 15,183
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 147,764.
Debts at end 2025
€ 1.4 million
▼ 10% vs 2024
€ 157,320 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 7,932
▲ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,578
▼ 73% vs 2024
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 | € 226,466 | € 254,132 | € 283,026 | € 267,236 | ▼ 6% |
| Profit after taxes | € 73,376 | € 90,859 | € 110,038 | € 100,359 | ▼ 9% |
| Equity | € 88,507 | € 99,366 | € 109,404 | € 209,764 | ▲ 92% |
| Total debts | € 1,926,078 | € 1,817,877 | € 1,687,990 | € 1,493,566 | ▼ 12% |
| Cash | € 118,656 | € 87,500 | € 24,022 | € 15,183 | ▼ 37% |
| Land & buildings | € 1,832,685 | € 1,757,578 | € 1,682,474 | € 1,607,370 | ▼ 4% |
| Retained profit | € 26,507 | € 37,366 | € 47,404 | € 147,764 | ▲ 212% |
| Dividend | € 50,000 | € 80,000 | € 100,000 | € 0 | ▼ 100% |
| Bank debt | € 1,835,600 | € 1,678,280 | € 1,520,960 | € 1,363,640 | ▼ 10% |
| Balance sheet total | € 2,014,585 | € 1,917,243 | € 1,797,394 | € 1,703,330 | ▼ 5% |
Key figures of BELGRET, 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 BELGRET?
What happened at BELGRET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emmanuel Mewissen stepped down as director. NBB
- ARDENT INVEST stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 100,359 (▼ 9% vs 2024). filed late Source: NBB ↗
- Emmanuel Mewissen became a director. NBB
- ARDENT INVEST became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,376 profit in 2022 to € 100,359 profit in 2025.
Paid € 119,309 in corporate taxes since 2022.
Best year ever: 2024, with € 110,038 profit.
Paid out € 230,000 in dividends to the owners in total.
Management
The stake of ARDENT RETAIL, Badot Real Estate And Consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGRETThe shares are held by ARDENT RETAIL (80%) and Badot Real Estate And Consulting (20%).
Directors
According to the 2025 annual accounts
Emmanuel Mewissen
Managing director
Also active at: FABY, BODSON - TROUPIN - SERVICE, D.A. GESTION, QSL Immo, ARDENT HOME, IR-IMMO, SHOP BELGIUM IR, SHOPS BELGIUM 2 +7 more
since 2026 · until 2032
Managing director · represented by Nicolas Léonard
Also active at: TILKIN SPORTS, FABY, BODSON - TROUPIN - SERVICE, D.A. GESTION, IMMO CIRCUS WALLONIE, GUILLEMINS REAL ESTATE, R-GROUP Holding, WE INVEST REAL ESTATE +32 more
since 2026 · until 2032
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Guillemins 139 box 9
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 75 companies are registered at this address.
All companies at this address →Marché couvert de Battice
€ 367,913 gross margin · 2025
Association Royale des Médecins diplômés de l'Université de Liège
TILKIN SPORTS same network
€ -19,715 gross margin · 2025
Immobilière européenne
€ 72,516 gross margin · 2025
GESTION LOISIRS
€ -9,609 gross margin · 2025
+70 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
- 0628.668.975
- VAT number
- BE 0628.668.975
- Registered office
- Rue des Guillemins 139 bus 9, 4000 Liège
- Names & denominations
- BELGRET
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 2015
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- [email protected] 042321952
- Activities · NACE
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