Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SART-TILMAN PROPERTIES from Liège, company number BE0757717874, closed financial year 2025 with a result of € -3,087 after tax. For that financial year SART-TILMAN PROPERTIES recorded a gross margin of € 2,244 and equity of € 73,738. Compared with financial year 2024, the result moved from € 5,859 to € -3,087. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 73,738
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,087
▼ still € 5,859 profit in 2024
Profit after tax over the fiscal year.
€ 48,869
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 12,238.
Debts at end 2025
€ 1.2 million
Loans from banks and other lenders, long and short.
€ 881,592
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 | € 67,223 | € 1,608,791 | € -5,670 | € 2,244 | ▲ € 7,913 |
| Profit after taxes | € -4,680 | € 1,207,794 | € 5,859 | € -3,087 | ▼ € 8,946 |
| Equity | € 22,671 | € 70,965 | € 76,825 | € 73,738 | ▼ 4% |
| Total debts | € 12,629,954 | € 1,222,800 | € 0 | € 2,113,072 | |
| Cash | € 2,758,712 | € 531,252 | € 75,079 | € 48,869 | ▼ 35% |
| Retained profit | € -38,829 | € 9,465 | € 15,325 | € 12,238 | ▼ 20% |
| Dividend | € 0 | € 1,159,500 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 1,231,480 | |
| Balance sheet total | € 12,652,626 | € 1,293,765 | € 76,825 | € 2,186,810 | ▲ € 2.1 million |
Key figures of SART-TILMAN PROPERTIES, 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 SART-TILMAN PROPERTIES?
What happened at SART-TILMAN PROPERTIES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- FEDERALE ASSURANCE stepped down as director. NBB
- TRUDO SMEESTERS stepped down as director. NBB
- G4 FINANCE SRL stepped down as director. NBB
- JEAN-MARIE BACKES stepped down as director. NBB
- SOLICO SA stepped down as director. NBB
- EVELYN DEMARCHE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3,087 (▼ € 8,946 vs 2024). Source: NBB ↗
- FEDERALE ASSURANCE became a director. NBB
In short
From € 4,680 loss in 2022 to € 3,087 loss in 2025.
Paid € 391,608 in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
Paid out € 1.2 million in dividends to the owners in total.
A new publication or filing at SART-TILMAN PROPERTIES? We notify you, reason included.
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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
The stake of FEDERALE Real Estate, SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO, G4 FINANCE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SART-TILMAN PROPERTIESThe shares are held by FEDERALE Real Estate (33.3%), SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO (33.3%) and G4 FINANCE (33.3%).
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Managing director · represented by Christelle GOFFIN
Also active at: Bétons et Matériaux, Entreprises Gilles Moury, MOURY CONSTRUCT, LIEGE - PROMOTION, MENUISERIE MOSANE, D - FI, VOLT - AIR, IMMOBILIERE BLATON - MOURY - van de BERG +11 more
since 2020 · until 2026
since 2020 · until 2026
Managing director
Also active at: Elde, LIEGE - PROMOTION, COMPAGNIE DE DEVELOPPEMENT IMMOBILIER, Foncière du Pré Aily, PICTURAE ONE, LOUVREX 133, MAGRITTE IMMO
since 2020 · until 2026
EVELYN DEMARCHE
Director
Also active at: SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO, Elde, COMPAGNIE DE DEVELOPPEMENT IMMOBILIER, PARKING OPERA, IMMODEM, DEM - IMMO, Foncière du Pré Aily, PICTURAE ONE +1 more
since 2020 · until 2026
Managing director · represented by André-François LOVINFOSSE
Also active at: GROUP S - SECRETARIAT SOCIAL, SECRETARIAT SOCIAL AGREE D'EMPLOYEURS, Foncière du Pré Aily, via T Albert, via T Albert 2, Hessenplein, PICTURAE ONE, TRILOGIS PARK, MAGRITTE IMMO
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Boulevard d'Avroy 19
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →SOCIETE LIEGEOISE DE CONSTRUCTION SOLICO same network
€ 1.5 million gross margin · 2024
Société belge immobilière et de Lotissements
€ -2,649 gross margin · 2024
Elde same network
€ 389,275 gross margin · 2025
COMPAGNIE DE DEVELOPPEMENT IMMOBILIER same network
€ 59,116 gross margin · 2025
IMMODEM same network
€ 216,632 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
DNS
OVH DNS
Domain
Domain
solico.eu
Registrar
OVH SAS
Website info
Features
Security
Details
- Company number
- 0757.717.874
- VAT number
- BE 0757.717.874
- Registered office
- Boulevard d'Avroy 19, 4000 Liège
- Names & denominations
- SART-TILMAN PROPERTIES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 2020
- Peppol
- Active · Active since 5 Jan 2021
- Contact
- solico.eu
- Activities · NACE
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