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 5 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
Commorreal Estate from Harelbeke, company number BE0691734516, closed financial year 2025 with a result of € -229,703 after tax. For that financial year Commorreal Estate recorded a gross margin of € -171,438 and equity of € -369,000. Compared with financial year 2024, the result moved from € 518,014 to € -229,703. 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 January 8, 2026.
€ -369,000
▼ € 229,703 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -229,703
▼ still € 518,014 profit in 2024
Profit after tax over the fiscal year.
€ 8,915
▲ 43% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -379,000.
Debts at end 2025
€ 27,044
▼ 97% vs 2024
€ 4,474 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 13,690
▼ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -304,756 | € -351,349 | € -37,614 | € -171,438 | ▼ € 133,824 |
| Profit after taxes | € -403,015 | € -392,240 | € 518,014 | € -229,703 | ▼ € 747,716 |
| Equity | € -265,071 | € -657,311 | € -139,297 | € -369,000 | ▼ € 229,703 |
| Total debts | € 2,481,633 | € 1,799,955 | € 942,719 | € 386,164 | ▼ 59% |
| Cash | € 6,396 | € 0 | € 6,229 | € 8,915 | ▲ 43% |
| Land & buildings | € 105,017 | € 0 | - | - | |
| Retained profit | € -275,071 | € -667,311 | € -149,297 | € -379,000 | ▼ € 229,703 |
| Bank debt | € 1,558,272 | € 1,155,642 | € 805,580 | € 27,044 | ▼ 97% |
| Balance sheet total | € 2,216,563 | € 1,142,644 | € 803,422 | € 17,164 | ▼ 98% |
Key figures of Commorreal 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 30 January 2027.
What happened to Commorreal Estate?
What happened at Commorreal Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 229,703 (▼ € 747,716 vs 2024). Source: NBB ↗
- MAD FOX BV became a director. NBB
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 403,015 loss in 2022 to € 229,703 loss in 2025.
Best year ever: 2024, with € 518,014 profit.
Management
Behind Commorreal Estate is MAD FOX BV. MAD FOX BV is also behind POXYTEC, NU FLOW BELGIUM, CORD, SPANLUX and CMI.
Directors
According to the 2025 annual accounts
Director · represented by STEVEN MESTDAGH
Also active at: POXYTEC, NU FLOW BELGIUM, CORD, SPANLUX, CMI, Commorreal Construct, OMNIPOWER
since 2023
Establishments
Establishment units
Physical locations of this company
Generaal Deprezstraat 10 box B
8530 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0691.734.516
- VAT number
- BE 0691.734.516
- Registered office
- Generaal Deprezstraat 10 bus B, 8530 Harelbeke
- Names & denominations
- Commorreal Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2018
- Peppol
- Not registered