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 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Elements Real Estate I from Antwerpen, company number BE0725928006, closed financial year 2025 with a result of € -69,288 after tax. For that financial year Elements Real Estate I recorded a gross margin of € 773,116 and equity of € -6.2 million. Compared with financial year 2024, the result moved from € -4.9 million to € -69,288. 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.
€ -6.2 million
▼ € 69,288 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -69,288
▲ 99 % less loss than in 2024
Profit after tax over the fiscal year.
€ 76
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -6.2 million.
Debts at end 2025
€ 17.7 million
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 2.3 million
▲ € 2 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 534,183 | € -110,930 | € -322,478 | € 773,116 | ▲ € 1.1 million |
| Profit after taxes | € -609,552 | € -613,564 | € -4,904,026 | € -69,288 | ▲ € 4.8 million |
| Equity | € -580,356 | € -1,193,920 | € -6,097,946 | € -6,167,234 | ▼ € 69,288 |
| Total debts | € 17,876,190 | € 18,480,313 | € 23,054,555 | € 26,345,867 | ▲ 14% |
| Cash | € 238,521 | € 63,122 | - | € 76 | |
| Retained profit | € -598,956 | € -1,212,520 | € -6,116,546 | € -6,185,834 | ▼ € 69,288 |
| Bank debt | € 0 | € 0 | € 17,515,186 | € 17,661,126 | ▲ 1% |
| Balance sheet total | € 17,295,834 | € 17,286,393 | € 16,956,609 | € 20,178,632 | ▲ 19% |
Key figures of Elements Real Estate 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 Elements Real Estate I?
What happened at Elements Real Estate I in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 69,288. Source: NBB ↗
- Group Minerva NV became a director. NBB
- Cavens & Co NV became a director. NBB
- Arfides NV became a director. NBB
- Skyline Europe NV became a director. NBB
- Real Estate Solutions BV became a director. NBB
- Duck NV became a director. NBB
- New establishment in Antwerpen. KBO
In short
From € 609,552 loss in 2022 to € 69,288 loss in 2025.
Management
The stake of TRIPLE LIVING HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Elements Real Estate IBehind Elements Real Estate I are Group Minerva NV, Cavens & Co NV, Arfides NV, Skyline Europe NV, Real Estate Solutions BV and Duck NV. The shares are held by TRIPLE LIVING HOLDING (100%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Cavens
Also active at: WETINVEST II, Attis, GANDS, QUEEN TOWERS, GANDS Group, RAC4 Development, Urban Living Belgium Holding, TRIPLE LIVING HOLDING +18 more
since 2024
Director · represented by Charlotte Cavens
Also active at: HAAGDOORN, GANDS, GANDS Group, TRIPLE LIVING HOLDING, Pulsepartner, Havenlaan HT, Triple Living Alexandrium, GANDS VASTGOED +10 more
since 2024
Director · represented by Stefan Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, GANDS, PARC RESIDENCES, URBAN LIVING PROJECT MANAGEMENT, Canalis Invest +43 more
since 2024
Director · represented by Marc Paeleman
Also active at: SHIPSHOP NIEUWPOORT, GANDS, DE WIELINGEN DEVELOPMENT, QUEEN TOWERS, GANDS Group, Urban Living Belgium Holding, TRIPLE LIVING HOLDING, Pulsepartner +18 more
since 2024
Director · represented by Bart Paeleman
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, BESSENVELD 3, BESSENVELD 2, GANDS, BESSENVELD 4 +35 more
since 2024
Director · represented by Jeff Cavens
Also active at: BESSENVELD 3, Attis, BESSENVELD 2, GANDS, BESSENVELD 4, BESSENVELD 1, PROJECT BESSENVELD, URBAN LIVING PROJECT MANAGEMENT +36 more
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Michel De Braeystraat 55
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →Cavens & Co same network
€ 93,271 gross margin · 2025
GANDS same network
€ 5.4 million revenue · 2025
URBAN LIVING PROJECT MANAGEMENT same network
€ 35.9 million revenue · 2025
Canalis Invest same network
€ 1,224 gross margin · 2025
ULP-I same network
€ 962,513 gross margin · 2025
+30 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
- 0725.928.006
- VAT number
- BE 0725.928.006
- Registered office
- Michel De Braeystraat 55, 2000 Antwerpen
- Names & denominations
- Elements Real Estate I
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Handel in eigen onroerend goed
Ontwikkeling van residentiële bouwprojecten