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
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Victoria Regina Holding from Gent, company number BE0750612427, closed financial year 2025 with a result of € -14.1 million after tax. For that financial year Victoria Regina Holding recorded a gross margin of € -4,351 and equity of € 25.8 million. Compared with financial year 2024, the result moved from € -13 million to € -14.1 million. 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 17, 2026.
€ 25.8 million
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14.1 million
▼ 9 % more loss than in 2024
Profit after tax over the fiscal year.
€ 193,419
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -27 million.
Debts at end 2025
€ 1.9 million
▲ 4% vs 2024
Loans from banks and other lenders, long and short.
€ 2,678
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -11,550 | € -3,450 | € -13,769 | € -4,351 | ▲ € 9,418 |
| Profit after taxes | € 28,309 | € 85,738 | € -12,962,622 | € -14,108,067 | ▼ € 1.1 million |
| Equity | € 15,935,432 | € 16,021,170 | € 39,858,548 | € 25,750,481 | ▼ 35% |
| Total debts | € 16,186,092 | € 32,063,818 | € 1,919,639 | € 1,948,212 | ▲ 1% |
| Cash | € 93,548 | € 355 | € 1,858,073 | € 193,419 | ▼ 90% |
| Retained profit | € -11,255 | € 74,483 | € -12,888,139 | € -26,996,206 | ▼ € 14.1 million |
| Bank debt | € 16,176,393 | € 32,035,270 | € 1,865,325 | € 1,945,534 | ▲ 4% |
| Balance sheet total | € 32,121,524 | € 48,084,988 | € 41,778,187 | € 27,698,692 | ▼ 34% |
Key figures of Victoria Regina Holding, 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 Victoria Regina Holding?
What happened at Victoria Regina Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14.1 million. Source: NBB ↗
- ASSETS INVEST BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- BALTISSE REAL ESTATE NV became a director. NBB
- Filiep BALCAEN became a director. NBB
In short
From € 28,309 profit in 2022 to € 14.1 million loss in 2025.
Paid € 27,114 in corporate taxes since 2022.
Best year ever: 2023, with € 85,738 profit.
Management
The stake of Baltisse Real Estate, Downtown Real Estate comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Victoria Regina HoldingBehind Victoria Regina Holding are BALTISSE REAL ESTATE NV, Filiep BALCAEN and ASSETS INVEST BV. The shares are held by Baltisse Real Estate (99.5%) and Downtown Real Estate (15%). It owns 100% of Victoria Hotel Opco, 100% of Victoria Co-Working Opco and 100% of Victoria Regina itself.
Directors
According to the 2025 annual accounts
Director · represented by Marc JANSSENS
Also active at: BOEVERIE, XIOR Namen, VICTORIA REGINA, Well One, ARDENO, PELICAN, Victoria Hotel Opco, Victoria Co-working Opco +10 more
since 2020
Filiep BALCAEN
Director
Also active at: Huis te Lande, ARGIBEL, BUILDING, FLANDERS INTERNATIONAL AIRPORT, Marieposa, North Beach, Floorenter, LIEGE BECASSE +22 more
since 2020
Director · represented by Alex DE WITTE
Also active at: ARGIBEL, BUILDING, Horatius Capital Partners, WATT FACTORY, BOEVERIE, LIEGE BECASSE, XIOR Namen, VICTORIA REGINA +21 more
since 2022
Shareholders
99.5%
Participations
Establishments
Establishment units
Physical locations of this company
Pauline Van Pottelsberghelaan 10
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →Huis te Lande same network
€ -185,764 gross margin · 2025
ARGIBEL same network
€ 62,256 gross margin · 2025
BUILDING same network
€ 319,319 gross margin · 2025
Marieposa same network
€ -22,893 gross margin · 2025
North Beach same network
€ -34,684 gross margin · 2025
+50 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
- 0750.612.427
- VAT number
- BE 0750.612.427
- Registered office
- Pauline Van Pottelsberghelaan 10, 9051 Gent
- Names & denominations
- Victoria Regina Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2020
- Peppol
- Active · Active since 18 Dec 2025