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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SUBSTANTIA from Antwerpen, company number BE0680833694, closed financial year 2025 with a result of € -66,363 after tax. For that financial year SUBSTANTIA recorded a gross margin of € 9,541 and equity of € -155,747. Compared with financial year 2024, the result moved from € 440,263 to € -66,363. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -155,747
▼ € 66,363 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -66,363
▼ still € 440,263 profit in 2024
Profit after tax over the fiscal year.
€ 14,160
▲ 193% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -905,747.
Debts at end 2025
€ 1.3 million
▼ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 2,246
▲ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 420
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 | € -25,974 | € 89,036 | € 31,130 | € 9,541 | ▼ 69% |
| Profit after taxes | € -97,905 | € -40,884 | € 440,263 | € -66,363 | ▼ € 506,627 |
| Equity | € -488,764 | € -529,647 | € -89,384 | € -155,747 | ▼ € 66,363 |
| Total debts | € 2,195,319 | € 1,957,952 | € 1,739,942 | € 1,913,846 | ▲ 10% |
| Cash | € 9,977 | € 26,012 | € 4,826 | € 14,160 | ▲ 193% |
| Retained profit | € -1,238,764 | € -1,279,647 | € -839,384 | € -905,747 | ▼ € 66,363 |
| Bank debt | € 2,127,676 | € 1,805,641 | € 1,465,322 | € 1,267,676 | ▼ 13% |
| Balance sheet total | € 1,706,555 | € 1,428,305 | € 1,650,558 | € 1,758,099 | ▲ 7% |
Key figures of SUBSTANTIA, 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 SUBSTANTIA?
What happened at SUBSTANTIA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 66,363 (▼ € 506,627 vs 2024). Source: NBB ↗
- ESV Ventures BV became a director. NBB
- VHB Projects BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 97,905 loss in 2022 to € 66,363 loss in 2025.
Best year ever: 2024, with € 440,263 profit.
Management
The stake of Substantia Development comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SUBSTANTIABehind SUBSTANTIA are VHB Projects BV and ESV Ventures BV. The shares are held by Substantia Development (100%). It owns 100% of Subland, 100% of Emiel Development, 100% of Sophie Development, 100% of Bridge Development and 50% of De Karre Development itself.
Directors
According to the 2025 annual accounts
Director · represented by Tom Van Hamme
Holds a stake via Substantia Development
Also active at: Subland, Sophie Development, BRIDGE DEVELOPMENT, Emiel Development, Substantia Development, Substantia Properties
since 2023
Director · represented by Edward Verté
Also active at: WOUTERS & HENDRIX, Precious Jewel Group, ACTIVIOR, PremiumStock, Subland, Sophie Development, BRIDGE DEVELOPMENT, Emiel Development +5 more
since 2023
Shareholders
Substantia Development · holding of VHB Projects BV
100%
Participations
100%
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Plantinkaai 1 box 105
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.
All companies at this address →Asset Financing Corporation
€ 31,579 gross margin · 2025
European Estate Management
€ -901,347 gross margin · 2025
WiFa invest
€ 809,379 gross margin · 2025
VAN DEN BULCK NAUTICAL SERVICES
FIDES - TEN BRINKE PROJECTONTWIKKELING
€ 2,942 gross margin · 2025
+19 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
- 0680.833.694
- VAT number
- BE 0680.833.694
- Registered office
- Plantinkaai 1 bus 105, 2000 Antwerpen
- Names & denominations
- SUBSTANTIA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 2017
- Peppol
- Active · Active since 6 Feb 2026
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis
Ontwikkeling van niet-residentiële bouwprojecten
Algemene bouw van residentiële gebouwen
Ontwikkeling van residentiële bouwprojecten
+2