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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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Buildco from Halen, company number BE0771923525, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year Buildco recorded a gross margin of € -1.7 million and equity of € 87,041. Compared with financial year 2024, the result moved from € 414,104 to € -1.6 million. The company made a loss. The buffer shrank hard: equity is 95 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 87,041
▼ 95% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ still € 414,104 profit in 2024
Profit after tax over the fiscal year.
€ 43,487
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -987,959.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.8 million
▲ € 1.8 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 208,541 | € 197,916 | € 260,710 | € -1,714,853 | ▼ € 2 million |
| Profit after taxes | € -3,060 | € 240,230 | € 414,104 | € -1,639,233 | ▼ € 2.1 million |
| Equity | € 1,071,940 | € 1,312,170 | € 1,726,274 | € 87,041 | ▼ 95% |
| Total debts | € 4,243,750 | € 3,997,836 | € 3,692,582 | € 5,819,274 | ▲ 58% |
| Cash | € 15,059 | € 7,373 | € 0 | € 43,487 | |
| Retained profit | € -3,060 | € 237,170 | € 651,274 | € -987,959 | ▼ € 1.6 million |
| Bank debt | € 4,221,193 | € 3,960,218 | € 3,635,042 | € 0 | ▼ 100% |
| Balance sheet total | € 5,315,690 | € 5,310,006 | € 5,418,856 | € 5,906,315 | ▲ 9% |
Key figures of Buildco, 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 Buildco?
What happened at Buildco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.6 million (▼ € 2.1 million vs 2024). Source: NBB ↗
- Claus Thorsgaard became a director. NBB
- Marinus Berkhout became a director. NBB
- Green Park Investment Partners BV stepped down as director. NBB
- Apricus BV stepped down as director. NBB
- NALD BVBA became a director. NBB
- Green Park Investment Partners BV became a director. NBB
- Apricus BV became a director. NBB
In short
From € 3,060 loss in 2022 to € 1.6 million loss in 2025.
Paid € 32,772 in corporate taxes since 2022.
Best year ever: 2024, with € 414,104 profit.
Management
Behind Buildco are NALD BVBA, Claus Thorsgaard and Marinus Berkhout. It owns 100% of ACEVE Belgium itself.
Directors
According to the 2025 annual accounts
since 2025
Claus Thorsgaard
Director
since 2025
since 2025
Green Park Investment Partners BV
Director · represented by Wim Vernaeve
Also active at: HOBO, Artdeco, BMI Leisure, GREEN PARK KARTCO, KartCo, Hawaiian Group International, Dynapps Group, Arcadia Group Travel
since 2023 · until 2025
Director · represented by Beau Osselaere
Also active at: KPD SERVICES, Dynapps Group, DYNAPPS
since 2021 · until 2025
Establishments
Establishment units
Physical locations of this company
Stadsbeemd 1013
3545 Halen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0771.923.525
- VAT number
- BE 0771.923.525
- Registered office
- Stadsbeemd 1013, 3545 Halen
- Names & denominations
- Buildco
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2021
- Peppol
- Active · Active since 14 Jan 2026
- Contact
- [email protected] 0488286207
- Activities · NACE
Activiteiten van holdings
Holdings