Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DE 11e LINIE from Geel, company number BE0698810071, closed financial year 2025 with a result of € -10,080 after tax. For that financial year DE 11e LINIE recorded a gross margin of € -3,870 and equity of € -41,397. Compared with financial year 2024, the result moved from € -6,202 to € -10,080. 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 2, 2026.
€ -41,397
▼ € 10,080 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10,080
▼ 63 % more loss than in 2024
Profit after tax over the fiscal year.
€ 20,676
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -104,397.
Debts at end 2025
€ 11.6 million
▼ 18% vs 2024
Loans from banks and other lenders, long and short.
€ 22,127
▼ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 251,303
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,855 | € -5,387 | € -4,002 | € -3,870 | ▲ € 132 |
| Profit after taxes | € -4,522 | € -49,232 | € -6,202 | € -10,080 | ▼ € 3,877 |
| Equity | € 24,117 | € -25,115 | € -31,317 | € -41,397 | ▼ € 10,080 |
| Total debts | € 15,832,129 | € 22,286,986 | € 25,240,258 | € 22,686,913 | ▼ 10% |
| Cash | € 1,676 | - | € 16,751 | € 20,676 | ▲ 23% |
| Retained profit | € -38,883 | € -88,115 | € -94,317 | € -104,397 | ▼ € 10,080 |
| Bank debt | € 12,243,282 | € 17,432,075 | € 14,198,210 | € 11,648,210 | ▼ 18% |
| Balance sheet total | € 15,856,246 | € 22,261,871 | € 25,208,941 | € 22,645,516 | ▼ 10% |
Key figures of DE 11e LINIE, 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 DE 11e LINIE?
What happened at DE 11e LINIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ALRO BV stepped down as director. NBB
- Tess BV stepped down as director. NBB
- De Ceder BV stepped down as director. NBB
- Borghof Invest NV stepped down as director. NBB
- Konrad Invest BV stepped down as director. NBB
- HCT Consult BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 10,080. Source: NBB ↗
- ALRO BV became a director. NBB
In short
From € 4,522 loss in 2022 to € 10,080 loss in 2025.
A new publication or filing at DE 11e LINIE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Borghof Invest, HILDAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DE 11e LINIEThe shares are held by Borghof Invest (50%) and HILDAN (50%). It owns 100% of Hoebanx Studenthousing and 50% of Esco Hoebanx itself.
Directors
According to the 2025 annual accounts
Director · represented by Gert Bervoets
Also active at: H.Essers Infra Moorslede, Greenyard, H. Essers Systems Company, H.Essers Liquid Bulk, H.Essers Infra, H. Essers Express, Douaneagentschap Essers, Hessenatie Logistics Kortrijk +24 more
since 2023 · until 2029
Director · represented by Hilde Essers
Also active at: HENRI ESSERS EN ZONEN INTERNATIONAAL TRANSPORT, H.Essers Infra Moorslede, H. Essers Systems Company, H.Essers Liquid Bulk, H.Essers Infra, H. Essers Express, Douaneagentschap Essers, ENEX +26 more
since 2023 · until 2029
Director · represented by Erwin Gorissen
Also active at: Invest-E, HOEBANX STUDENTHOUSING
since 2023 · until 2029
Managing director · represented by Patrick Kerkhofs
Also active at: PICPUSSEN, PICPUSSEN-SCHOOL, CONSORTIUM HASSELT, BORGHOF MANAGER, MaraVilla Development, Picpussen WZC, HOEBANX STUDENTHOUSING
since 2023 · until 2029
Director · represented by Patrick Syen
Also active at: GROEP PANORAMA APOTHEKEN, PRO PLAZA INVEST, Borghof Invest, PICPUSSEN, PICPUSSEN-SCHOOL, CONSORTIUM HASSELT, BORGHOF MANAGER, MaraVilla Development +4 more
since 2023 · until 2029
Director · represented by Hanne Kerkhofs
Also active at: I & P CONSULTING, I&P CONSTRUCTIONS, HOEBANX STUDENTHOUSING
since 2023 · until 2029
Shareholders
50%
50%
Participations
50%
Establishments
Establishment units
Physical locations of this company
Winkelom 83B box 1
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
All companies at this address →BORMANSHOF
€ 32,004 gross margin · 2025
VSP Boortmeerbeek
€ 1.4 million gross margin · 2025
PROBIS
€ 4.7 million gross margin · 2025
Bestuursvereniging
Qaly Development
€ -1,973 gross margin · 2025
+28 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
- 0698.810.071
- VAT number
- BE 0698.810.071
- Registered office
- Winkelom 83B bus 1, 2440 Geel
- Names & denominations
- DE 11e LINIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 2018
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van terreinen