Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
GRE PAN-EU BRUSSELS I from Elsene, company number BE0635574979, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year GRE PAN-EU BRUSSELS I recorded a gross margin of € 237,770 and equity of € 47,559. Compared with financial year 2024, the result moved from € -1.2 million to € -1.2 million. The company made a loss. The buffer shrank hard: equity is 96 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ 47,559
▼ 96% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ 4 % more loss than in 2024
Profit after tax over the fiscal year.
€ 292,100
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 11.6 million
Loans from banks and other lenders, long and short.
€ 51,006
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 624
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 | € 1,537,191 | € 1,325,261 | € 190,617 | € 237,770 | ▲ 25% |
| Profit after taxes | € 135,197 | € -40,564 | € -1,168,130 | € -1,213,209 | ▼ € 45,079 |
| Equity | € 2,469,461 | € 2,428,898 | € 1,260,768 | € 47,559 | ▼ 96% |
| Total debts | € 11,753,213 | € 11,931,236 | € 12,086,786 | € 12,481,601 | ▲ 3% |
| Cash | € 1,156,184 | € 2,013,454 | € 1,519,405 | € 292,100 | ▼ 81% |
| Land & buildings | € 12,428,832 | € 11,969,068 | € 11,516,561 | € 12,125,446 | ▲ 5% |
| Retained profit | € 149,398 | € 108,834 | € -1,059,296 | € -2,272,504 | ▼ € 1.2 million |
| Bank debt | € 11,599,854 | € 11,599,854 | € 11,599,854 | € 11,599,854 | |
| Balance sheet total | € 14,222,674 | € 14,360,134 | € 13,347,554 | € 12,529,160 | ▼ 6% |
Key figures of GRE PAN-EU BRUSSELS I, 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 GRE PAN-EU BRUSSELS I?
What happened at GRE PAN-EU BRUSSELS I in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.2 million. Source: NBB ↗
- Michaël Levy became a director. NBB
- Vincent Van Calck stepped down as director. NBB
- Maya Mzah Bessaker became a director. NBB
- Andrea Giuliani became a director. NBB
- Vincent Van Calck became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 135,197 profit in 2022 to € 1.2 million loss in 2025.
Paid € 85,720 in corporate taxes since 2022.
Best year ever: 2022, with € 135,197 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
Behind GRE PAN-EU BRUSSELS I are Maya Mzah Bessaker, Andrea Giuliani and Michaël Levy. The shares are held by GENERALI EUROPE INCOME HOLDING (100%).
Directors
According to the 2025 annual accounts
since 2024
since 2024
since 2026
Vincent Van Calck
Director
since 2020 · until 2026
Shareholders
GENERALI EUROPE INCOME HOLDING
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 523
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0635.574.979
- VAT number
- BE 0635.574.979
- Registered office
- Louizalaan 523, 1050 Elsene
- Names & denominations
- GRE PAN-EU BRUSSELS I
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 August 2015
- Peppol
- Active · Active since 2 Feb 2026
- Activities · NACE
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