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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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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
South Bay Ventures II from Leuven, company number BE0747829616, closed financial year 2025 with a result of € -4,262 after tax. For that financial year South Bay Ventures II recorded a gross margin of € -3,394 and equity of € 26,541. Compared with financial year 2024, the result moved from € -3,525 to € -4,262. 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 June 22, 2026.
€ 26,541
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,262
▼ 21 % more loss than in 2024
Profit after tax over the fiscal year.
€ 23
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 25,541.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 163
▲ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -2,800 | € -3,071 | € -2,943 | € -3,394 | ▼ € 451 |
| Profit after taxes | € -4,146 | € -3,682 | € -3,525 | € -4,262 | ▼ € 737 |
| Equity | € 38,010 | € 34,328 | € 30,803 | € 26,541 | ▼ 14% |
| Total debts | € 27,750 | € 8,826 | € 11,144 | € 14,883 | ▲ 34% |
| Cash | € 23,852 | € 1,204 | € 23 | € 23 | ▼ 1% |
| Retained profit | € 37,010 | € 33,328 | € 29,803 | € 25,541 | ▼ 14% |
| Balance sheet total | € 65,759 | € 43,154 | € 41,947 | € 41,423 | ▼ 1% |
Key figures of South Bay Ventures II, 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 South Bay Ventures II?
What happened at South Bay Ventures II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,262. Source: NBB ↗
- New establishment in Leuven. KBO
- Herman Verrelst became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,146 loss in 2022 to € 4,262 loss in 2025.
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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
Behind South Bay Ventures II is Herman Verrelst. It owns 0% of Heran Partners itself.
Directors
According to the 2025 annual accounts
Herman Verrelst
Director
Also active at: BIOCARTIS GROUP, South Bay Ventures, Heran Partners, BIOCARTIS, icometrix, Heran Partners II, Gynaia Belgium
since 2020
Establishments
Establishment units
Physical locations of this company
Naamsevest 88
3000 Leuven
Naamsestraat 88
3000 Leuven
Active since 3 June 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0747.829.616
- VAT number
- BE 0747.829.616
- Registered office
- Naamsevest 88, 3000 Leuven
- Names & denominations
- South Bay Ventures II
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 June 2020
- Peppol
- Not registered