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 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Properties 18 from Antwerpen, company number BE0770274624, closed financial year 2025 with a result of € -11,503 after tax. For that financial year Properties 18 recorded a gross margin of € -9,195 and equity of € -90,291. Compared with financial year 2024, the result moved from € -8,027 to € -11,503. 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 2, 2026.
€ -90,291
▼ € 11,503 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,503
▼ 43 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,392
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -95,291.
Debts at end 2025
€ 1.5 million
Loans from banks and other lenders, long and short.
€ 19,883
▼ 79% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 565
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -6,270 | € -6,731 | € -6,632 | € -9,195 | ▼ € 2,563 |
| Profit after taxes | € -6,765 | € -61,935 | € -8,027 | € -11,503 | ▼ € 3,476 |
| Equity | € -8,827 | € -70,761 | € -78,788 | € -90,291 | ▼ € 11,503 |
| Total debts | € 283,135 | € 1,337,464 | € 2,299,850 | € 2,559,047 | ▲ 11% |
| Cash | € 1,156 | € 31,514 | € 2,751 | € 1,392 | ▼ 49% |
| Retained profit | € -13,827 | € -75,761 | € -83,788 | € -95,291 | ▼ € 11,503 |
| Bank debt | € 0 | € 822,467 | € 1,540,000 | € 1,540,000 | |
| Balance sheet total | € 274,309 | € 1,266,702 | € 2,221,062 | € 2,468,756 | ▲ 11% |
Key figures of Properties 18, 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 Properties 18?
What happened at Properties 18 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,503. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Moses Glecer became a director. NBB
- Jacques Glecer became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 6,765 loss in 2022 to € 11,503 loss in 2025.
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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
Behind Properties 18 are Moses Glecer and Jacques Glecer. Jacques Glecer is also behind Property Partners and AAA PROPERTIES.
Directors
According to the 2025 annual accounts
Moses Glecer
Director
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Belgiëlei 114
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0770.274.624
- VAT number
- BE 0770.274.624
- Registered office
- Belgiëlei 114, 2018 Antwerpen
- Names & denominations
- Properties 18
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 2021
- Peppol
- Active · Active since 8 Jan 2025
- Activities · NACE
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