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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
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
B-15 from Machelen (Brab.), company number BE0734885163, closed financial year 2025 with a result of € 6.2 million after tax. Compared with financial year 2024, the result moved from € 328,206 to € 6.2 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.
€ 17.6 million
▲ 61% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6.2 million
▲ € 5.9 million vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.6 million.
Debts at end 2025
€ 57,424
▼ 98% vs 2024
Loans from banks and other lenders, long and short.
€ 656,288
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 50,000 | - | - | - | |
| Profit after taxes | € -290,493 | € -655,648 | € 328,206 | € 6,227,790 | ▲ € 5.9 million |
| Equity | € 10,608,394 | € 9,952,746 | € 10,898,945 | € 17,576,742 | ▲ 61% |
| Total debts | € 3,422,052 | € 3,160,992 | € 4,478,995 | € 719,268 | ▼ 84% |
| Cash | € 338,215 | € 292,352 | - | - | |
| Retained profit | € -2,328,306 | € -2,983,954 | € -2,655,748 | € 3,572,042 | ▲ € 6.2 million |
| Dividend | € 1,821,207 | € 0 | € 0 | € 0 | |
| Bank debt | € 2,550,237 | € 1,890,000 | € 2,895,000 | € 57,424 | ▼ 98% |
| Balance sheet total | € 14,030,446 | € 13,113,738 | € 15,377,940 | € 18,296,009 | ▲ 19% |
Key figures of B-15, 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 B-15?
What happened at B-15 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6.2 million (▲ € 5.9 million vs 2024). Source: NBB ↗
- Manefin BV became a director. NBB
- Start of the company according to the CBE. KBO
- D2E CAPITAL II GCV became a director. NBB
- E3V & PARTNERS BV became a director. NBB
- QUANTEUS GROUP BV became a director. NBB
- CONSUDEL GCV became a director. NBB
In short
From € 290,493 loss in 2022 to € 6.2 million profit in 2025.
Paid € 574 in corporate taxes since 2022.
Best year ever: 2025, with € 6.2 million profit.
Paid out € 1.8 million in dividends to the owners in total.
Management
The stake of Down2Earth Capital II, QUANTEUS GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
B-15Behind B-15 are D2E CAPITAL II GCV, E3V & PARTNERS BV, Manefin BV, QUANTEUS GROUP BV and CONSUDEL GCV. The shares are held by Down2Earth Capital II (49.3%) and QUANTEUS GROUP (22.8%). It owns 100% of Upthrust itself.
Directors
According to the 2025 annual accounts
Director · represented by Alain KEPPENS
Also active at: Loda, HG Beheer, CYCLOBILITY, European Sheet Metal and Assembly, THE WALLFASHION HOUSE, Sisu Group, SalixCo, Grandeco Wallfashion Group - Belgium +2 more
since 2019
Director · represented by Evelyne VAN WASSENHOVE
Also active at: BrightWolves, Digit Mint, QUANTEUS GROUP, Grey2Green Capital
since 2019
Director · represented by Matthias NEIRYNCK
Also active at: Xplore The North, CYCLOBILITY, SummitCo, Nestor Europe
since 2023
Director · represented by Kris VANSANTEN
Also active at: QuantIM, BrightWolves, SOLTECH
since 2019
Director · represented by Gregory DELENS
Also active at: The House of Marketing, Upthrust, STRATEGERY SOLUTIONS, DIGNIFY, addData, Fightclub Belgium
since 2019
Shareholders
49.3%
22.8%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Hermeslaan 9
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →CAPGEMINI BELGIUM
€ 346.7 million revenue · 2025
SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS
€ 536 million revenue · 2025
Belgian Construction Certification Association
€ 15.3 million revenue · 2025
REMY COINTREAU BELGIUM
€ 21.7 million revenue · 2026
RES Certification
+12 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
- 0734.885.163
- VAT number
- BE 0734.885.163
- Registered office
- Hermeslaan 9, 1831 Machelen (Brab.)
- Names & denominations
- B-15
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2019
- Peppol
- Active · Active since 27 Jan 2025
- Activities · NACE
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