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 7 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VICTORIA REGINA from Gent, company number BE0723487069, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year VICTORIA REGINA recorded a gross margin of € 5.8 million and equity of € 29.8 million. Compared with financial year 2024, the result moved from € -2 million to € -1.6 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 29.8 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▲ 19 % less loss than in 2024
Profit after tax over the fiscal year.
€ 688
▼ € 1.1 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10 million.
Debts at end 2025
€ 70.6 million
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 299,634
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 460,888
▼ 13% 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 | € 11,968 | € 4,229,363 | € 5,871,290 | € 5,815,272 | ▼ 1% |
| Profit after taxes | € -1,526,820 | € 163,856 | € -2,008,359 | € -1,627,211 | ▲ € 381,148 |
| Equity | € 9,275,612 | € 9,439,468 | € 31,431,110 | € 29,803,899 | ▼ 5% |
| Total debts | € 74,093,607 | € 91,474,161 | € 72,244,103 | € 72,379,875 | |
| Cash | € 151,137 | € 294,623 | € 1,145,247 | € 688 | ▼ € 1.1 million |
| Land & buildings | € 27,331,486 | € 97,893,949 | € 96,439,882 | € 93,721,866 | ▼ 3% |
| Retained profit | € -6,564,388 | € -6,400,532 | € -8,408,890 | € -10,036,101 | ▼ € 1.6 million |
| Bank debt | € 70,676,277 | € 90,057,684 | € 70,000,000 | € 70,550,000 | ▲ 1% |
| Balance sheet total | € 83,369,219 | € 100,913,630 | € 103,675,213 | € 102,183,774 | ▼ 1% |
Key figures of VICTORIA REGINA, 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 VICTORIA REGINA?
What happened at VICTORIA REGINA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- BALTISSE REAL ESTATE NV stepped down as director. NBB
- Filiep BALCAEN stepped down as director. NBB
- ASSETS INVEST BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.6 million. Source: NBB ↗
- BALTISSE REAL ESTATE NV became a director. NBB
- Filiep BALCAEN became a director. NBB
- ASSETS INVEST BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 1.5 million loss in 2022 to € 1.6 million loss in 2025.
Paid € 915 in corporate taxes since 2022.
Best year ever: 2023, with € 163,856 profit.
Management
The stake of Victoria Regina Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VICTORIA REGINAThe shares are held by Victoria Regina Holding (100%).
Directors
According to the 2025 annual accounts
Director · represented by Marc JANSSENS
Also active at: BOEVERIE, XIOR Namen, Well One, Victoria Regina Holding, ARDENO, PELICAN, Victoria Hotel Opco, Victoria Co-working Opco +10 more
since 2024 · until 2030
since 2024 · until 2030
Director · represented by Alex DE WITTE
Also active at: ARGIBEL, BUILDING, Horatius Capital Partners, WATT FACTORY, BOEVERIE, LIEGE BECASSE, XIOR Namen, BLUE LINE STORAGE +21 more
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Pauline Van Pottelsberghelaan 10
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →Huis te Lande
€ -185,764 gross margin · 2025
ARGIBEL same network
€ 62,256 gross margin · 2025
BUILDING same network
€ 319,319 gross margin · 2025
Marieposa
€ -22,893 gross margin · 2025
North Beach
€ -34,684 gross margin · 2025
+50 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
- 0723.487.069
- VAT number
- BE 0723.487.069
- Registered office
- Pauline Van Pottelsberghelaan 10, 9051 Gent
- Names & denominations
- VICTORIA REGINA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 2019
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Algemene bouw van residentiële gebouwen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis