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.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EAGLE FUND II from Middelkerke, company number BE0686836214, closed financial year 2025 with a result of € -4,518 after tax. For that financial year EAGLE FUND II recorded a gross margin of € -47,033 and equity of € 2.4 million. Compared with financial year 2024, the result moved from € -148,173 to € -4,518. 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 August 18, 2026.
€ 2.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,518
▲ 97 % less loss than in 2024
Profit after tax over the fiscal year.
€ 219,280
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 620,324.
Debts at end 2025
€ 1,960
Loans from banks and other lenders, long and short.
€ 24,568
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,955
▼ 78% 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 | € 1,509,635 | € 169,201 | € -149,989 | € -47,033 | ▲ € 102,955 |
| Profit after taxes | € 1,175,094 | € 164,917 | € -148,173 | € -4,518 | ▲ € 143,655 |
| Equity | € 5,162,201 | € 3,134,393 | € 2,386,220 | € 2,381,702 | |
| Total debts | € 881,531 | € 465,737 | € 681,191 | € 40,609 | ▼ 94% |
| Cash | € 1,704,424 | € 881,895 | € 486,388 | € 219,280 | ▼ 55% |
| Retained profit | € 1,233,601 | € 930,128 | € 624,842 | € 620,324 | ▼ 1% |
| Dividend | € 0 | € 469,742 | € 157,113 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 367,403 | € 0 | € 1,960 | |
| Balance sheet total | € 6,043,732 | € 3,600,130 | € 3,067,411 | € 2,422,311 | ▼ 21% |
Key figures of EAGLE FUND II, 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 EAGLE FUND II?
What happened at EAGLE FUND II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,518. filed late Source: NBB ↗
- Johan Gitsels became a director. NBB
- Devan Holding BV became a director. NBB
- Groep Caenen Holding BV became a director. NBB
- New establishment in Middelkerke. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2022 to € 4,518 loss in 2025.
Paid € 489,425 in corporate taxes since 2022.
Best year ever: 2022, with € 1.2 million profit.
Paid out € 626,855 in dividends to the owners in total.
Management
The stake of ADVIPAT, PROJECT PATHOEKEWEG BRUGGE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EAGLE FUND IIBehind EAGLE FUND II are Johan Gitsels, Devan Holding BV and Groep Caenen Holding BV. The shares are held by ADVIPAT (11.5%) and PROJECT PATHOEKEWEG BRUGGE (10.1%). It owns 49% of Landasse and 30% of Kanaelzicht itself.
Directors
According to the 2025 annual accounts
since 2022
Bestuurder · represented by Steve Degrieck
Also active at: BELFAS, KOBE PROJECTS, Groep Caenen Capital Fund, GROEP CAENEN CAPITAL FUND II, Eagle Fund I, GROEP CAENEN CAPITAL FUND III, SEAPARK, GROEP CAENEN CAPITAL FUND V +19 more
since 2022
Bestuurder · represented by Gregory Caenen
Also active at: IMMOBILIEN PROMOTIE EN BELEGGINGEN, GROEP CAENEN FINANCE, DE RA, MIDDELKERKSE IMMOBILIENMAATSCHAPPIJ, Groep Caenen Capital Fund, GROEP CAENEN CAPITAL FUND II, Eagle Fund I, GROEP CAENEN CAPITAL FUND III +19 more
since 2022
Shareholders
11.5%
Participations
49%
30%
Establishments
Establishment units
Physical locations of this company
Leopoldlaan 121
8430 Middelkerke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →GROEP CAENEN FINANCE same network
€ 72,280 gross margin · 2026
Groep Caenen Capital Fund same network
€ 10.6 million revenue · 2025
GROEP CAENEN CAPITAL FUND II same network
€ 23,568 gross margin · 2025
Eagle Fund I same network
€ -508,172 gross margin · 2025
GROEP CAENEN CAPITAL FUND III same network
€ 120,595 gross margin · 2025
+15 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
- 0686.836.214
- VAT number
- BE 0686.836.214
- Registered office
- Leopoldlaan 121, 8430 Middelkerke
- Names & denominations
- EAGLE FUND II
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2017
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
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