Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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.
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| 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.
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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 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 (48.7%) 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
48.7%
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
€ 26.4 million revenue · 2025
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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