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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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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 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
4F Real Estate from Frameries, company number BE0765186676, closed financial year 2025 with a result of € -22,396 after tax. For that financial year 4F Real Estate recorded a gross margin of € -2,073 and equity of € -59,977. Compared with financial year 2024, the result moved from € -13,183 to € -22,396. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ -59,977
▼ € 22,396 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,396
▼ 70 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,879
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -60,076.
Debts at end 2025
€ 625,796
▲ € 474,460 vs 2024
Loans from banks and other lenders, long and short.
€ 12,843
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -65 | € -475 | € -4,815 | € -2,073 | ▲ € 2,742 |
| Profit after taxes | € -749 | € -1,950 | € -13,183 | € -22,396 | ▼ € 9,213 |
| Equity | € -22,449 | € -24,399 | € -37,581 | € -59,977 | ▼ € 22,396 |
| Total debts | € 200,741 | € 434,580 | € 577,784 | € 1,043,574 | ▲ 81% |
| Cash | € 1,868 | € 30,798 | - | € 1,879 | |
| Land & buildings | € 150,000 | € 150,000 | € 150,000 | € 150,000 | |
| Retained profit | € -22,548 | € -24,498 | € -37,680 | € -60,076 | ▼ € 22,396 |
| Bank debt | € 0 | € 0 | € 151,336 | € 625,796 | ▲ € 474,460 |
| Balance sheet total | € 178,293 | € 410,181 | € 540,202 | € 983,597 | ▲ 82% |
Key figures of 4F Real Estate, 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 4F Real Estate?
What happened at 4F Real Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 22,396. Source: NBB ↗
- New establishment in Frameries. KBO
- Start of the company according to the CBE. KBO
In short
From € 749 loss in 2022 to € 22,396 loss in 2025.
Management
Behind 4F Real Estate are Raffaele LIOY and Olivier DI PIETRANTONIO. Raffaele LIOY is also behind M.B. Carrelages, MATERA and ITALIMMO. Olivier DI PIETRANTONIO is also behind VODP.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue de la Sucrerie 5 box C
7080 Frameries
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0765.186.676
- VAT number
- BE 0765.186.676
- Registered office
- Rue de la Sucrerie 5 bus C, 7080 Frameries
- Names & denominations
- 4F Real Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 2021
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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