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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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
KUBORN REAL ESTATE from Elsene, company number BE0638888223, closed financial year 2025 with a result of € -1,510 after tax. For that financial year KUBORN REAL ESTATE recorded a gross margin of € -1,880 and equity of € 242,266. Compared with financial year 2024, the result moved from € -4,769 to € -1,510. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 242,266
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,510
▲ 68 % less loss than in 2024
Profit after tax over the fiscal year.
€ 144,085
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 180,766.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 171,132
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | - | - | € -2,476 | € -1,880 | ▲ € 596 |
| Profit after taxes | € 37,093 | € -12,512 | € -4,769 | € -1,510 | ▲ € 3,259 |
| Equity | € 261,058 | € 248,546 | € 243,777 | € 242,266 | ▼ 1% |
| Total debts | € 1,212,648 | € 186,805 | € 179,614 | € 171,132 | ▼ 5% |
| Cash | € 1,411,389 | € 414,904 | € 406,361 | € 144,085 | ▼ 65% |
| Retained profit | € 199,558 | € 187,046 | € 182,277 | € 180,766 | ▼ 1% |
| Dividend | € 400,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 1,473,706 | € 435,351 | € 423,390 | € 413,399 | ▼ 2% |
Key figures of KUBORN REAL ESTATE, 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 KUBORN REAL ESTATE?
What happened at KUBORN REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PK Management and Consulting stepped down as director. NBB
- Antonietta FABBRICATORE stepped down as director. NBB
- ANCOFIN stepped down as director. NBB
- Désirée Souery stepped down as director. NBB
- Franky TOLPE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1,510. Source: NBB ↗
- Yves Leruth stepped down as director. NBB
- PK Management and Consulting became a director. NBB
In short
From € 37,093 profit in 2022 to € 1,510 loss in 2025.
Paid € 7,631 in corporate taxes since 2022.
Best year ever: 2022, with € 37,093 profit.
Paid out € 400,000 in dividends to the owners in total.
Management
The stake of PARTICIPATION GESTION SYNERGIE, BELFIUS IMMO, K-CONSTRUCT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KUBORN REAL ESTATEThe shares are held by PARTICIPATION GESTION SYNERGIE (60%), BELFIUS IMMO (20%) and K-CONSTRUCT (20%).
Directors
According to the 2025 annual accounts
Director · represented by Paul Kumpen
Also active at: Kempenland, KUMPEN REAL ESTATE DEVELOPMENT, K-CONSTRUCT, URBAN ESTATES CADIX
since 2024 · until 2027
Antonietta FABBRICATORE
Director
since 2024 · until 2027
Director · represented by Jan Kumpen
Also active at: Kempenland, KUMPEN REAL ESTATE DEVELOPMENT, K-CONSTRUCT, URBAN ESTATES CADIX, DOCKLANDS, NOVA MONS, NOVA MONS CONSTRUCTION
since 2024 · until 2027
Yves Leruth
Director
since 2024 · until 2026
since 2024 · until 2027
Franky TOLPE
Director
Also active at: Trias BEL Souverain - T, CORFIUS IMMO, Buildingnest, GROENE POORT DREEF, Grensstraat, Beekcant, BIB Project, SOCIETE MIXTE DE DEVELOPPEMENT IMMOBILIER +2 more
since 2024 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 231
1050 Elsene
Mauricelaan 8
1050 Elsene
Active since 28 September 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0638.888.223
- VAT number
- BE 0638.888.223
- Registered office
- Louizalaan 231, 1050 Elsene
- Names & denominations
- KUBORN REAL ESTATE · KUBORN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 September 2015
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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