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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
COHABS GROUP from Elsene, company number BE0740596186, closed financial year 2025 with a result of € -4.7 million after tax. For that financial year COHABS GROUP recorded revenue of € 694,442 and equity of € 204.3 million. Compared with financial year 2024, the result moved from € -3.5 million to € -4.7 million. The company made a loss. 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 August 10, 2026.
€ 204.3 million
▲ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.7 million
▼ 34 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.3 million
▲ 193% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.6 million.
People and assets in 2025
27.7
▲ 7.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.4 million
▲ 181% vs 2024
€ 87,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 56,731
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 200.8 million
▲ 33% vs 2024
€ 720,000 is repaid this year. At this pace the long-term loan is gone in ≈ 278 years.
€ 2.4 million
▲ 165% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.7 million
▲ 138% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 65,622 | € 694,442 | ▲ € 628,820 |
| Gross margin | € -19,143 | € -201,960 | € -1,260,881 | € -3,426,274 | ▼ € 2.2 million |
| Profit after taxes | € -684,760 | € -1,772,325 | € -3,513,691 | € -4,706,721 | ▼ € 1.2 million |
| Equity | € 18,127,160 | € 62,231,731 | € 130,725,651 | € 204,260,357 | ▲ 56% |
| Total debts | € 68,113,111 | € 115,659,096 | € 158,092,036 | € 207,223,009 | ▲ 31% |
| Cash | € 3,042,567 | € 785,683 | € 770,093 | € 2,259,863 | ▲ 193% |
| Retained profit | € -594,273 | € -2,366,598 | € -5,880,289 | € -10,587,010 | ▼ € 4.7 million |
| Bank debt | € 65,430,004 | € 114,042,000 | € 150,397,658 | € 200,764,768 | ▲ 33% |
| Balance sheet total | € 86,240,271 | € 177,890,827 | € 288,817,687 | € 411,483,366 | ▲ 42% |
| Employees (FTE) | - | - | 20.5 | 27.7 | ▲ 7.2 |
Key figures of COHABS GROUP, 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 COHABS GROUP?
What happened at COHABS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alia Elgazzar stepped down as director. NBB
- Olivier Lefevre stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 4.7 million. filed late Source: NBB ↗
- Ajay Singh Phull stepped down as director. NBB
- Amand Benoît D'Hondt SRL stepped down as director. NBB
- Gilles SAMYN stepped down as director. NBB
- Maxime Xantippe stepped down as director. NBB
- Michael Neuman stepped down as director. NBB
In short
From € 684,760 loss in 2022 to € 4.7 million loss in 2025.
Paid € 176,147 in corporate taxes since 2022.
Management
The stake of AG REAL ESTATE LAND, Alphastone comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COHABS GROUPThe shares are held by AG REAL ESTATE LAND (16.6%) and Alphastone (6.8%). It owns 100% of Cohabs invest Holding Luxembourg SARL, 100% of Cohabs Invest Fund, 100% of Cohabs Operating Spain SL, 100% of Cohabs Invest Holding UK Ltd, 100% of Cohabs Services Italy SRL and 100% of Cohabs Services Luxembourg SARL itself.
Directors
According to the 2025 annual accounts
Ajay Singh Phull
Director
since 2025 · until 2026
Director · represented by Amand D'Hondt
Also active at: AG REAL ESTATE, INTERPARKING, L'INVESTISSEMENT FONCIER BOULEVARD DE WATERLOO, AG Real Estate Asset Management, ANIMA, AG HEYLEN WAREHOUSES, AMPLA HOUSE PROPERTIES, AIRPORT DEVELOPMENT +10 more
since 2022 · until 2026
Olivier Lefevre
Director
since 2023 · until 2027
Gilles SAMYN
Director
since 2022 · until 2026
Maxime Xantippe
Director
since 2022 · until 2026
Alia Elgazzar
Director
since 2024 · until 2028
Michael Neuman
Director
since 2022 · until 2026
Shareholders
16.6%
6.8%
Participations
Cohabs invest Holding Luxembourg SARL
100%
100%
Cohabs Operating Spain SL
100%
Cohabs Invest Holding UK Ltd
100%
Cohabs Services Italy SRL
100%
Cohabs Services Luxembourg SARL
100%
Cohabs Services France SASU
100%
Cohabs Invest Fund Italy SRL
100%
Cohabs Invest Holding France SAS
100%
Cohabs Invest Co UK Ltd
100%
Cohabs Holding Spain SL
100%
100%
Cohabs Services UK Ltd
100%
100%
COHABS INVEST HOLDING US INC
100%
100%
50%
9.2%
5.2%
1.2%
Establishments
Establishment units
Physical locations of this company
Louizalaan 222 box 13
1050 Elsene
Louizalaan 222
1050 Elsene
Active since 30 December 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
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€ 207,431 gross margin · 2025
WIMBO GESTION
€ 13,021 gross margin · 2024
ULTIMMO
€ -10,739 gross margin · 2024
B & S Associates
JEAN - PAUL HORDIES
+44 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
- 0740.596.186
- VAT number
- BE 0740.596.186
- Registered office
- Louizalaan 222 bus 13, 1050 Elsene
- Names & denominations
- COHABS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2019
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen