Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Motown Project Holding II from Brussel, company number BE0766827164, closed financial year 2024 with a result of € -1.4 million after tax. For that financial year Motown Project Holding II recorded a gross margin of € -169,514 and equity of € 1 million. Compared with financial year 2023, the result moved from € -824,514 to € -1.4 million. The company made a loss. The buffer shrank hard: equity is 58 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 1 million
▼ 58% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ 76 % more loss than in 2023
Profit after tax over the fiscal year.
€ 880,269
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3 million.
Debts at end 2024
€ 4.5 million
Loans from banks and other lenders, long and short.
€ 19,544
▼ 13% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 26,322
▲ € 24,682 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -14,075 | € -10,873 | € -37,533 | € -169,514 | ▼ € 131,981 |
| Profit after taxes | € -292,892 | € -399,142 | € -824,514 | € -1,447,124 | ▼ € 622,610 |
| Equity | € 3,707,108 | € 3,307,966 | € 2,483,452 | € 1,036,329 | ▼ 58% |
| Total debts | € 25,522,653 | € 26,270,678 | € 33,255,631 | € 43,254,645 | ▲ 30% |
| Cash | - | - | - | € 880,269 | |
| Retained profit | € -292,892 | € -692,034 | € -1,516,548 | € -2,963,671 | ▼ € 1.4 million |
| Bank debt | € 4,500,000 | € 4,500,000 | € 4,500,000 | € 4,500,000 | |
| Balance sheet total | € 29,229,761 | € 29,578,644 | € 35,739,083 | € 44,290,974 | ▲ 24% |
Key figures of Motown Project Holding II, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Motown Project Holding II?
What happened at Motown Project Holding II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GLH SRL stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.4 million. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- GLH SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 292,892 loss in 2021 to € 1.4 million loss in 2024.
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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 shares are held by MOTOWN REAL ESTATE SA (100%). It owns 100% of Motown Thines Construct, 100% of Motown Niel Construct, 100% of Motown Thines, 100% of Motown Trone Land, 100% of Motown Niel land and 100% of Motown Trone Construct itself.
Directors
According to the 2024 annual accounts
Managing director · represented by Lionel Hepner
Also active at: Motown Thines, MOTOWN MIROIR, MOTOWN DINANT, SOCIETE BRUXELLOISE DE PARTICIPATION IMMOBILIERE, MOTOWN DEVELOPMENT, MOTOWN KANAAL LAND, MOTOWN PROJECT HOLDING, MOTOWN PARC +8 more
since 2021 · until 2027
Shareholders
Participations
100%
100%
100%
50%
Establishments
Establishment units
Physical locations of this company
Louizalaan 489
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →Editions Commerciales et Industrielles
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0766.827.164
- VAT number
- BE 0766.827.164
- Registered office
- Louizalaan 489, 1050 Brussel
- Names & denominations
- Motown Project Holding II · MPH II
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 April 2021
- Peppol
- Active · Active since 15 Jan 2026