Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
COURS SAINT-MICHEL 30 from Etterbeek, company number BE0740596780, closed financial year 2025 with a result of € -475,868 after tax. For that financial year COURS SAINT-MICHEL 30 recorded a gross margin of € 807,511 and equity of € 18.6 million. Compared with financial year 2024, the result moved from € -306,313 to € -475,868. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 18.6 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -475,868
▼ 55 % more loss than in 2024
Profit after tax over the fiscal year.
€ 165,872
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.6 million.
People and assets in 2025
€ 334,391
▼ 5% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 326,145
▼ 9% vs 2024
€ 32,351 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 893,755
▲ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 765,957 | € 621,818 | € 807,511 | ▲ 30% |
| Profit after taxes | € -203,029 | € -306,313 | € -475,868 | ▼ € 169,556 |
| Equity | € 19,348,490 | € 19,042,178 | € 18,566,309 | ▼ 2% |
| Total debts | € 947,720 | € 928,676 | € 1,241,695 | ▲ 34% |
| Cash | € 106,619 | € 271,899 | € 165,872 | ▼ 39% |
| Land & buildings | € 18,982,179 | € 18,652,754 | € 18,758,302 | ▲ 1% |
| Retained profit | € -785,143 | € -1,091,455 | € -1,567,324 | ▼ € 475,868 |
| Bank debt | € 0 | € 357,366 | € 326,145 | ▼ 9% |
| Balance sheet total | € 20,296,211 | € 19,970,854 | € 19,808,004 | ▼ 1% |
Key figures of COURS SAINT-MICHEL 30, fiscal years 2023 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 COURS SAINT-MICHEL 30?
What happened at COURS SAINT-MICHEL 30 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ASSINCO stepped down as director. NBB
- GSV CONSULT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 475,868. Source: NBB ↗
- SECUREX VIE stepped down as director. NBB
- ASSINCO became a director. NBB
- GSV CONSULT became a director. NBB
- SECUREX VIE became a director. NBB
- New establishment in Etterbeek. KBO
In short
From € 203,029 loss in 2023 to € 475,868 loss in 2025.
A new publication or filing at COURS SAINT-MICHEL 30? We notify you, reason included.
Follow COURS SAINT-MICHEL 30Databakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
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 Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COURS SAINT-MICHEL 30Behind COURS SAINT-MICHEL 30 is Alain Braive. The shares are held by Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex (36.8%).
Directors
According to the 2025 annual accounts
Alain Braive
Director
Also active at: Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex, SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX, Groep Securex - Groupe Securex, SECUREX INVEST, SECUREX CONSULT, CONTROLE MEDICAL SECUREX - MEDISCHE CONTROLE SECUREX, BVI.EU, HAPPY GENERATION PROPERTY +13 more
since 2019
Director · represented by Serge Demoulin
Also active at: Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex, Securex ICT, SECUREX INTEGRITY, CAISSE LIBRE D'ASSURANCES SOCIALES POUR TRAVAILLEURS INDEPENDANTS - SECUREX INTEGRITY, VRIJ SOCIAAL VERZEKERINGSFONDS VOOR ZELFSTANDIGEN, SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX, Groep Securex - Groupe Securex, SECUREX INVEST, SECUREX CONSULT, CONTROLE MEDICAL SECUREX - MEDISCHE CONTROLE SECUREX +12 more
since 2024 · until 2027
Chairman of the board · represented by Savoir Guy
Also active at: Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex, Securex ICT, SECUREX INTEGRITY, CAISSE LIBRE D'ASSURANCES SOCIALES POUR TRAVAILLEURS INDEPENDANTS - SECUREX INTEGRITY, VRIJ SOCIAAL VERZEKERINGSFONDS VOOR ZELFSTANDIGEN, SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX, Groep Securex - Groupe Securex, SECUREX INVEST, SECUREX CONSULT, CONTROLE MEDICAL SECUREX - MEDISCHE CONTROLE SECUREX +16 more
since 2024 · until 2027
Director · represented by Pierre Princen
Also active at: HAPPY GENERATION PROPERTY, ALPHA KEY, Thines Horizon, SEEDER FUND, ERNEST 11, Colive, HIVE5 GROUP, Tenbosch 126 +6 more
since 2023 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Tervurenlaan 43
1040 Etterbeek
Sint Michielswarande 30
1040 Etterbeek
Active since 1 April 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →Secrétariat Social Securex - Sociaal Sekretariaat Securex - Sozial Sekretariate für Arbeitgeber Securex same network
€ 103.5 million revenue · 2025
Securex ICT same network
€ 47.1 million revenue · 2025
SECUREX INTEGRITY, CAISSE LIBRE D'ASSURANCES SOCIALES POUR TRAVAILLEURS INDEPENDANTS - SECUREX INTEGRITY, VRIJ SOCIAAL VERZEKERINGSFONDS VOOR ZELFSTANDIGEN same network
€ 23.5 million revenue · 2025
SERVICE EXTERNE DE PREVENTION ET DE PROTECTION SECUREX-EXTERNE DIENST VOOR PREVENTIE EN BESCHERMING SECUREX same network
€ 58 million revenue · 2025
Groep Securex - Groupe Securex same network
€ 63.1 million revenue · 2025
+24 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
- 0740.596.780
- VAT number
- BE 0740.596.780
- Registered office
- Tervurenlaan 43, 1040 Etterbeek
- Names & denominations
- COURS SAINT-MICHEL 30
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2019
- Peppol
- Active · Active since 30 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen