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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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Integra Fund from Gent, company number BE0712606441, closed financial year 2025 with a result of € -10.2 million after tax. Compared with financial year 2024, the result moved from € -1.2 million to € -10.2 million. 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 July 10, 2026.
€ 117.8 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -10.2 million
▼ 754 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4.4 million
▲ 194% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16.6 million.
Debts at end 2025
€ 7.2 million
▲ € 6.2 million vs 2024
Loans from banks and other lenders, long and short.
€ 112,204
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 16 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,841 | - | - | - | |
| Profit after taxes | € -1,501,601 | € 439,733 | € -1,200,128 | € -10,248,591 | ▼ € 9 million |
| Equity | € 105,452,412 | € 127,346,445 | € 143,386,380 | € 117,813,288 | ▼ 18% |
| Total debts | € 8,454,102 | € 90,594 | € 1,057,255 | € 7,379,197 | ▲ € 6.3 million |
| Cash | € 10,771,396 | € 1,441,236 | € 1,490,170 | € 4,387,496 | ▲ 194% |
| Retained profit | € -5,637,900 | € -5,198,166 | € -6,398,294 | € -16,646,885 | ▼ € 10.2 million |
| Bank debt | € 8,275,000 | € 0 | € 1,000,000 | € 7,225,000 | ▲ € 6.2 million |
| Balance sheet total | € 113,906,514 | € 127,437,039 | € 144,443,635 | € 125,192,486 | ▼ 13% |
Key figures of Integra Fund, 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 Integra Fund?
What happened at Integra Fund in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 10.2 million. Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.5 million loss in 2022 to € 10.2 million loss in 2025.
Best year ever: 2023, with € 439,733 profit.
Pays suppliers within 16 days on average.
Management
The stake of INTEGRA FUND PRIVAK, Kazmuzi, INTEGRA CAPITAL PARTNERS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Integra FundBehind Integra Fund is Integra Capital Partners NV. The shares are held by INTEGRA FUND PRIVAK (100%), Kazmuzi (0.3%) and INTEGRA CAPITAL PARTNERS (0.2%). It owns 100% of Zepa, 70.8% of Maes Integra, 70% of Vindevogel Flanders, 40% of Columba and 25% of Nestor Europe itself.
Directors
According to the 2025 annual accounts
Manager · represented by Johan Heirbrandt - Van Rijsseghem
Also active at: MAES RECYCLING GROUP, INTEGRA FUND PRIVAK, VINDEVOGEL FLANDERS, Columba
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Rijvisschestraat 118
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
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€ 1.4 million gross margin · 2025
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+16 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
- 0712.606.441
- VAT number
- BE 0712.606.441
- Registered office
- Rijvisschestraat 118, 9052 Gent
- Names & denominations
- Integra Fund
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 24 October 2018
- Peppol
- Active · Active since 31 Oct 2023