What does Bolivar JV Bel do?

Bolivar JV Bel is a property company in Sint-Joost-ten-Node. Public Limited, started on 1 September 2017, 1 establishment.

What is the address of Bolivar JV Bel?

The registered office of Bolivar JV Bel is located at Bolwerklaan 21, 1210 Sint-Joost-ten-Node.

Is Bolivar JV Bel still active?

Yes. According to the CBE (29 October 2026) Bolivar JV Bel is active, legal situation “Normale toestand”, started on 1 September 2017.

Is Bolivar JV Bel registered on Peppol?

Yes, Bolivar JV Bel is registered on the Peppol network with ID 0208:0680630093.

What is the enterprise number of Bolivar JV Bel?

The enterprise number of Bolivar JV Bel is BE0680630093.

When was Bolivar JV Bel founded?

Bolivar JV Bel was founded on 1 September 2017.

Who are the directors of Bolivar JV Bel?

According to the 2025 annual accounts, the directors of Bolivar JV Bel are: Whitewood Capital SA.

Is Bolivar JV Bel a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 September 2017; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did Bolivar JV Bel make in 2025?

Bolivar JV Bel posted a profit after taxes of € 636,049 in financial year 2025.

What is the revenue of Bolivar JV Bel?

In its most recent annual accounts (2025), Bolivar JV Bel reported revenue of € 19,946,931.

Bolivar JV Bel (Public Limited) - Sint-Joost-ten-Node

Dossier Bolivar JV Bel, printed on 29 October 2026 from databakkes.be/en/0680630093/bolivar-jv-bel. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

67 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Bolivar JV Bel from Sint-Joost-ten-Node, company number BE0680630093, closed financial year 2025 with a result of € 636,049 after tax. For that financial year Bolivar JV Bel recorded revenue of € 19.9 million and equity of € 160.7 million. Compared with financial year 2024, the result moved from € -5.5 million to € 636,049. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.

What it is worth Growing

€ 160.7 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 636,049

▲ still € 5.5 million loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 9 million

▲ 199% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 17.8 million.

Debts at end 2025

Bank debt

€ 244.8 million

▲ 1% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 5 million

▲ 226% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1172 days on average.

Taxes

€ 3,348

▼ € 2.1 million vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 18,195,546 Revenue 2022: € 18,195,546 First fiscal year in the series	€ 22,075,877 Revenue 2023: € 22,075,877 ▲ 21% vs 2022 (€ 18,195,546) Favourable step	€ 19,819,464 Revenue 2024: € 19,819,464 ▼ 10% vs 2023 (€ 22,075,877) Unfavourable step	€ 19,946,931 Revenue 2025: € 19,946,931 ▲ 1% vs 2024 (€ 19,819,464) Favourable step	▲ 1%
Profit after taxes	€ 9,314,523 Profit after taxes 2022: € 9,314,523 First fiscal year in the series	€ -3,383,887 Profit after taxes 2023: € -3,383,887 ▼ € 12.7 million vs 2022 (€ 9,314,523) Unfavourable step	€ -5,520,813 Profit after taxes 2024: € -5,520,813 ▼ € 2.1 million vs 2023 (€ -3,383,887) Unfavourable step	€ 636,049 Profit after taxes 2025: € 636,049 ▲ € 6.2 million vs 2024 (€ -5,520,813) Favourable step	▲ € 6.2 million
Equity	€ 168,974,693 Equity 2022: € 168,974,693 First fiscal year in the series	€ 165,590,806 Equity 2023: € 165,590,806 ▼ 2% vs 2022 (€ 168,974,693) Unfavourable step	€ 160,069,993 Equity 2024: € 160,069,993 ▼ 3% vs 2023 (€ 165,590,806) Unfavourable step	€ 160,706,042 Equity 2025: € 160,706,042 Unchanged (€ 160,069,993) Favourable step
Total debts	€ 237,759,835 Total debts 2022: € 237,759,835 First fiscal year in the series	€ 260,642,848 Total debts 2023: € 260,642,848 ▲ 10% vs 2022 (€ 237,759,835) Unfavourable step	€ 258,105,822 Total debts 2024: € 258,105,822 ▼ 1% vs 2023 (€ 260,642,848) Favourable step	€ 261,122,578 Total debts 2025: € 261,122,578 ▲ 1% vs 2024 (€ 258,105,822) Unfavourable step	▲ 1%
Cash	€ 10,682,140 Cash 2022: € 10,682,140 First fiscal year in the series	€ 3,094,432 Cash 2023: € 3,094,432 ▼ 71% vs 2022 (€ 10,682,140) Unfavourable step	€ 3,010,985 Cash 2024: € 3,010,985 ▼ 3% vs 2023 (€ 3,094,432) Unfavourable step	€ 8,993,366 Cash 2025: € 8,993,366 ▲ 199% vs 2024 (€ 3,010,985) Favourable step	▲ 199%
Land & buildings	€ 390,881,881 Land & buildings 2022: € 390,881,881 First fiscal year in the series	€ 398,767,499 Land & buildings 2023: € 398,767,499 ▲ 2% vs 2022 (€ 390,881,881) Unchanged	€ 391,625,639 Land & buildings 2024: € 391,625,639 ▼ 2% vs 2023 (€ 398,767,499) Unchanged	€ 384,497,765 Land & buildings 2025: € 384,497,765 ▼ 2% vs 2024 (€ 391,625,639) Unchanged	▼ 2%
Retained profit	€ 26,090,093 Retained profit 2022: € 26,090,093 First fiscal year in the series	€ 22,706,206 Retained profit 2023: € 22,706,206 ▼ 13% vs 2022 (€ 26,090,093) Unfavourable step	€ 17,185,393 Retained profit 2024: € 17,185,393 ▼ 24% vs 2023 (€ 22,706,206) Unfavourable step	€ 17,821,442 Retained profit 2025: € 17,821,442 ▲ 4% vs 2024 (€ 17,185,393) Favourable step	▲ 4%
Dividend	€ 6,192,945 Dividend 2022: € 6,192,945 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 6,192,945) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 223,984,902 Bank debt 2022: € 223,984,902 First fiscal year in the series	€ 242,173,396 Bank debt 2023: € 242,173,396 ▲ 8% vs 2022 (€ 223,984,902) Unfavourable step	€ 242,918,545 Bank debt 2024: € 242,918,545 Unchanged (€ 242,173,396) Unfavourable step	€ 244,818,855 Bank debt 2025: € 244,818,855 ▲ 1% vs 2024 (€ 242,918,545) Unfavourable step	▲ 1%
Balance sheet total	€ 406,734,529 Balance sheet total 2022: € 406,734,529 First fiscal year in the series	€ 426,233,655 Balance sheet total 2023: € 426,233,655 ▲ 5% vs 2022 (€ 406,734,529) Unchanged	€ 418,175,815 Balance sheet total 2024: € 418,175,815 ▼ 2% vs 2023 (€ 426,233,655) Unchanged	€ 421,828,620 Balance sheet total 2025: € 421,828,620 ▲ 1% vs 2024 (€ 418,175,815) Unchanged	▲ 1%

Key figures of Bolivar JV Bel, 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 Bolivar JV Bel?

What happened at Bolivar JV Bel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 30, 2026 New annual accounts for financial year 2025: profit of € 636,049. Source: NBB ↗
2022 Whitewood Capital SA became a director. NBB
Sep 1, 2017 New establishment in Sint-Joost-ten-Node. KBO
Sep 1, 2017 Start of the company according to the CBE. KBO

In short

From € 9.3 million profit in 2022 to € 636,049 profit in 2025.

Paid € 1 million in corporate taxes since 2022.

Best year ever: 2022, with € 9.3 million profit.

Paid out € 6.2 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

Cityforward 100%

The stake of Cityforward comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Bolivar JV Bel

Behind Bolivar JV Bel is Whitewood Capital SA. The shares are held by Cityforward (100%).

Directors

According to the 2025 annual accounts

Whitewood Capital SA

Director · represented by Frédéric Van der Planken

Also active at: Whitewood Property Management, WHITEWOOD INVESTORS, Whitewood Logistics, WHITEWOOD PRIVAK, Cityforward, Cityforward Schuman HoldCo, Belgian Green Building Council

since 2022

Shareholders

Cityforward

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Bolwerklaan 21

1210 Sint-Joost-ten-Node

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 67 companies are registered at this address.

All companies at this address →

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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0680.630.093

VAT number

BE 0680.630.093

Registered office

Bolwerklaan 21, 1210 Sint-Joost-ten-Node

Names & denominations

Bolivar JV Bel

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 September 2017

Peppol

Active · Active since 12 Nov 2025

Activities · NACE

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Algemene bouw van kantoorgebouwen

View on CBE Public ↗ Annual accounts (NBB) ↗

Bolivar JV Bel

Warning lights

Financials

What happened to Bolivar JV Bel?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions