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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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Belgian Growth Fund I from Brussel, company number BE0725901280, closed financial year 2025 with a result of € 9 million after tax. Compared with financial year 2024, the result moved from € 107,727 to € 9 million. Profitable, and profit is growing. 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 June 22, 2026.
€ 160.9 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9 million
▲ € 8.9 million vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 8.8 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 766,585 | € 2,667,809 | € 107,727 | € 9,011,707 | ▲ € 8.9 million |
| Equity | € 77,709,668 | € 127,177,477 | € 170,369,095 | € 160,925,093 | ▼ 6% |
| Total debts | € 13,440 | € 66,043 | € 43,044 | € 13,404 | ▼ 69% |
| Cash | € 8,308,422 | € 17,510,146 | € 14,500,994 | € 1,685,375 | ▼ 88% |
| Retained profit | € -3,035,409 | € -367,600 | € -259,873 | € 8,751,834 | ▲ € 9 million |
| Balance sheet total | € 77,723,108 | € 127,243,520 | € 170,412,140 | € 160,938,496 | ▼ 6% |
Key figures of Belgian Growth Fund I, 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 Belgian Growth Fund I?
What happened at Belgian Growth Fund I in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9 million (▲ € 8.9 million vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- BGF Management NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 766,585 profit in 2022 to € 9 million profit in 2025.
Best year ever: 2025, with € 9 million profit.
A new publication or filing at Belgian Growth Fund I? 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 SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT, BGF Management comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Belgian Growth Fund IBehind Belgian Growth Fund I is BGF Management NV. The shares are held by SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT (39.8%) and BGF Management (0%). It owns 13.1% of Junction Growth Investors Fund, 11.8% of Sofindev V and 10.5% of Smartfin Capital II itself.
Directors
According to the 2025 annual accounts
Manager · represented by Pierre Demaerel
since 2019
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Oude Graanmarkt 63
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
All companies at this address →Moeve Chemicals Belgium
€ 1.3 million gross margin · 2025
BIOTECH FONDS VLAANDEREN
Fietsersbond
€ 686,591 gross margin · 2025
Participatiemaatschappij Vlaanderen
€ 16.8 million revenue · 2025
SUSTAINABLE ENERGY VENTURES
+43 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
- 0725.901.280
- VAT number
- BE 0725.901.280
- Registered office
- Oude Graanmarkt 63, 1000 Brussel
- Names & denominations
- Belgian Growth Fund I
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 30 April 2019
- Peppol
- Active · Active since 1 Jan 2001