Financials
Financial year 2025
Vicinity Affordable Housing Fund from Watermaal-Bosvoorde, company number BE0759989654, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year Vicinity Affordable Housing Fund recorded a gross margin of € -61,852 and equity of € 142.7 million. Compared with financial year 2024, the result moved from € 2.4 million to € 1.6 million. The company is profitable. 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 June 12, 2026.
€ 142.7 million
▲ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▼ 33% vs 2024
Profit after tax over the fiscal year.
€ 226,590
▲ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.6 million paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 199,224
▲ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 547,560
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -46,869 | € -159,328 | € -66,150 | € -61,852 | ▲ € 4,299 |
| Profit after taxes | € 341,235 | € 731,833 | € 2,445,048 | € 1,636,942 | ▼ 33% |
| Equity | € 49,740,734 | € 71,409,062 | € 90,909,341 | € 142,712,929 | ▲ 57% |
| Total debts | € 177,051 | € 522,653 | € 1,761,766 | € 2,383,225 | ▲ 35% |
| Cash | € 9,050,401 | € 226,284 | € 122,949 | € 226,590 | ▲ 84% |
| Retained profit | € -60,732 | € 2,808 | € 1,334,427 | € 1,334,929 | |
| Dividend | € 292,000 | € 668,293 | € 1,113,429 | € 1,636,440 | ▲ 47% |
| Balance sheet total | € 49,917,785 | € 71,931,715 | € 92,671,107 | € 145,096,154 | ▲ 57% |
Key figures of Vicinity Affordable Housing Fund, 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 Vicinity Affordable Housing Fund?
What happened at Vicinity Affordable Housing Fund in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.6 million (▼ 33% vs 2024). Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- VICINITY PARTNERS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 341,235 profit in 2022 to € 1.6 million profit in 2025.
Paid € 1.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 2.4 million profit.
Paid out € 3.7 million in dividends to the owners in total.
Management
The stake of SFPIM Real Estate, Vicinity Partners comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Vicinity Affordable Housing FundBehind Vicinity Affordable Housing Fund is VICINITY PARTNERS. The shares are held by SFPIM Real Estate (11.3%) and Vicinity Partners (0%). It owns 100% of VAHF and 15% of Vicinity Services itself.
Directors
According to the 2025 annual accounts
Manager · represented by Jean-Baptiste VAN EX
since 2020
Shareholders
11.3%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Bosrechterstraat 50
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Résidence Louise
€ 278,928 gross margin · 2025
VAHF same network
La Compagnie du Bois aux Charmes
€ 165,244 gross margin · 2025
Vicinity Partners same network
€ -28,072 gross margin · 2025
Vicinity Services same network
€ 425,588 gross margin · 2025
+3 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
- 0759.989.654
- VAT number
- BE 0759.989.654
- Registered office
- Bosrechterstraat 50, 1170 Watermaal-Bosvoorde
- Names & denominations
- Vicinity Affordable Housing Fund
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 18 December 2020
- Peppol
- Active · Active since 17 Jul 2026