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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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ASTORIA REAL ESTATE from De Panne, company number BE0738838607, closed financial year 2025 with a result of € 53,871 after tax. For that financial year ASTORIA REAL ESTATE recorded a gross margin of € 636,745 and equity of € 759,584. Compared with financial year 2024, the result moved from € 18,374 to € 53,871. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ 759,584
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 53,871
▲ 193% vs 2024
Profit after tax over the fiscal year.
€ 9,331
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 34,000 paid out
63 % of the profit went to the shareholders, mostly to LEISURE FUND (50 % of the shares). That is where the money ends up.
Debts at end 2025
€ 5.5 million
▼ 9% vs 2024
€ 487,074 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3,506
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 783
▲ 44% 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 | € 602,507 | € 637,045 | € 645,216 | € 636,745 | ▼ 1% |
| Profit after taxes | € 353,388 | € 354,597 | € 18,374 | € 53,871 | ▲ 193% |
| Equity | € 382,742 | € 737,339 | € 739,713 | € 759,584 | ▲ 3% |
| Total debts | € 6,927,097 | € 6,480,826 | € 6,057,198 | € 5,664,657 | ▼ 6% |
| Cash | € 75,942 | € 20,244 | € 35,213 | € 9,331 | ▼ 74% |
| Land & buildings | € 6,437,517 | € 6,417,044 | € 6,122,012 | € 5,824,307 | ▼ 5% |
| Retained profit | € 362,742 | € 717,339 | € 719,713 | € 739,584 | ▲ 3% |
| Dividend | € 0 | € 0 | € 16,000 | € 34,000 | ▲ 113% |
| Bank debt | € 6,836,199 | € 6,423,076 | € 5,997,142 | € 5,477,648 | ▼ 9% |
| Balance sheet total | € 7,309,839 | € 7,218,166 | € 6,796,911 | € 6,424,241 | ▼ 5% |
Key figures of ASTORIA REAL ESTATE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to ASTORIA REAL ESTATE?
What happened at ASTORIA REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 53,871 (▲ 193% vs 2024). Source: NBB ↗
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
In short
From € 353,388 profit in 2022 to € 53,871 profit in 2025.
Paid € 7,327 in corporate taxes since 2022.
Best year ever: 2023, with € 354,597 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
The stake of LEISURE FUND, GROEP CAENEN HOLDING, DEVAN HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ASTORIA REAL ESTATEBehind ASTORIA REAL ESTATE are Devan Holding BV and Leisure Fund BV. The shares are held by LEISURE FUND (50%), GROEP CAENEN HOLDING (35%) and DEVAN HOLDING (15%).
Directors
According to the 2025 annual accounts
Director · represented by Steve Degrieck
Also active at: BELFAS, KOBE PROJECTS, Groep Caenen Capital Fund, GROEP CAENEN CAPITAL FUND II, Eagle Fund I, GROEP CAENEN CAPITAL FUND III, EAGLE FUND II, SEAPARK +19 more
Director · represented by Klaas Van Laeren
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bonzellaan 16
8660 De Panne
Nieuwpoortlaan 29
8660 De Panne
Active since 15 April 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →BOOOSTR!
LEISURE FUND same network
€ 177,315 gross margin · 2025
LEISURE PROPERTIES same network
€ 11,182 gross margin · 2025
ODT
€ 43,228 gross margin · 2025
KLICO
€ -45,490 gross margin · 2025
+11 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
- 0738.838.607
- VAT number
- BE 0738.838.607
- Registered office
- Bonzellaan 16, 8660 De Panne
- Names & denominations
- ASTORIA REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 December 2019
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Activiteiten van holdings
Ontwikkeling van residentiële bouwprojecten
Holdings