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 2 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 46 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
80 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NIVELLES OFFICE PARC 11 from Mont-Saint-Guibert, company number BE0720980808, closed financial year 2025 with a result of € -8,885 after tax. For that financial year NIVELLES OFFICE PARC 11 recorded a gross margin of € -8,708 and equity of € -15,108. Compared with financial year 2024, the result moved from € -32,285 to € -8,885. 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 September 17, 2026.
€ -15,108
▼ € 8,885 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,885
▲ 72 % less loss than in 2024
Profit after tax over the fiscal year.
€ 321
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -77,608.
Debts at end 2025
€ 4.2 million
▲ 31% vs 2024
Loans from banks and other lenders, long and short.
€ 289,690
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 770
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 | € -14,054 | € -7,007 | € -32,190 | € -8,708 | ▲ € 23,481 |
| Profit after taxes | € -14,120 | € -7,101 | € -32,285 | € -8,885 | ▲ € 23,400 |
| Equity | € 33,163 | € 26,061 | € -6,223 | € -15,108 | ▼ € 8,885 |
| Total debts | € 1,491,866 | € 1,451,039 | € 3,606,947 | € 4,718,060 | ▲ 31% |
| Cash | € 1,174,588 | € 97,807 | € 50,737 | € 321 | ▼ 99% |
| Retained profit | € -29,337 | € -36,439 | € -68,723 | € -77,608 | ▼ € 8,885 |
| Bank debt | € 1,175,000 | € 1,182,532 | € 3,198,555 | € 4,177,176 | ▲ 31% |
| Balance sheet total | € 1,525,029 | € 1,477,101 | € 3,600,723 | € 4,702,952 | ▲ 31% |
Key figures of NIVELLES OFFICE PARC 11, 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 NIVELLES OFFICE PARC 11?
What happened at NIVELLES OFFICE PARC 11 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Henri Fischgrund stepped down as director. NBB
- Claude Kandiyoti stepped down as director. NBB
- Gérard Paul Philippson stepped down as director. NBB
- Robert Taub stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 8,885. filed late Source: NBB ↗
- New establishment in Mont-Saint-Guibert. KBO
- Start of the company according to the CBE. KBO
- Henri Fischgrund became a director. NBB
In short
From € 14,120 loss in 2022 to € 8,885 loss in 2025.
Management
The stake of ROBELGA, KREST REAL ESTATE INVESTMENTS, MSG PARTICIPATIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NIVELLES OFFICE PARC 11The shares are held by ROBELGA (33.3%), KREST REAL ESTATE INVESTMENTS (27.8%) and MSG PARTICIPATIONS (25%).
Directors
According to the 2025 annual accounts
Henri Fischgrund
Managing director
Also active at: LEAN FUND, NIVELLES OFFICE PARC 5, NIVELLES OFFICE PARC 7, NIVELLES OFFICE PARC 9
since 2019 · until 2029
Claude Kandiyoti
Director
Also active at: NIVELLES OFFICE PARC 5, NIVELLES OFFICE PARC 7, NIVELLES OFFICE PARC 9
since 2019 · until 2029
since 2019 · until 2029
Robert Taub
Director
Also active at: HERPAIN URBIS RETAIL II, HERPAIN URBIS RETAIL HOLDING, NIVELLES OFFICE PARC 5, NIVELLES OFFICE PARC 7, NIVELLES OFFICE PARC 9
since 2019 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Fond Cattelain 2 box 1.1.
1435 Mont-Saint-Guibert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 80 companies are registered at this address.
All companies at this address →INNOVATIE CONSTRUCTION COMPANY
€ -42,122 gross margin · 2025
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€ -1,994 gross margin · 2025
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€ 1,041 gross margin · 2024
TRADEWARE
€ 751,690 revenue · 2025
+75 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
- 0720.980.808
- VAT number
- BE 0720.980.808
- Registered office
- Rue du Fond Cattelain 2 bus 1.1., 1435 Mont-Saint-Guibert
- Names & denominations
- NIVELLES OFFICE PARC 11
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2019
- Peppol
- Active · Active since 2 Jul 2025
- Activities · NACE
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