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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
97 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
REI Belgium Antwerp from Etterbeek, company number BE0774510950, closed financial year 2025 with a result of € -1.8 million after tax. For that financial year REI Belgium Antwerp recorded a gross margin of € 993,469 and equity of € 7.2 million. Compared with financial year 2024, the result moved from € -308,136 to € -1.8 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 7.2 million
▼ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.8 million
▼ 492 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 141% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.9 million.
People and assets in 2025
€ 218,170
▼ 44% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 14.6 million
Loans from banks and other lenders, long and short.
€ 146,300
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 651,663 | € 849,897 | € 952,029 | € 993,469 | ▲ 4% |
| Profit after taxes | € -319,980 | € -378,736 | € -308,136 | € -1,823,668 | ▼ € 1.5 million |
| Equity | € 9,702,809 | € 9,324,074 | € 9,015,938 | € 7,192,270 | ▼ 20% |
| Total debts | € 15,374,442 | € 15,573,488 | € 14,955,499 | € 14,847,176 | ▼ 1% |
| Cash | € 499,144 | € 907,996 | € 550,624 | € 1,326,157 | ▲ 141% |
| Land & buildings | € 23,699,657 | € 22,819,565 | € 22,218,929 | € 20,031,830 | ▼ 10% |
| Retained profit | € -397,191 | € -775,926 | € -1,084,062 | € -2,907,730 | ▼ € 1.8 million |
| Bank debt | € 15,200,000 | € 15,200,000 | € 14,600,000 | € 14,600,000 | |
| Balance sheet total | € 25,077,251 | € 24,897,562 | € 23,971,437 | € 22,039,446 | ▼ 8% |
Key figures of REI Belgium Antwerp, 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 REI Belgium Antwerp?
What happened at REI Belgium Antwerp in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Victor Kerremans stepped down as director. NBB
- Wail Kodoud stepped down as director. NBB
- ARDEF BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.8 million. Source: NBB ↗
- Victor Kerremans became a director. NBB
- Wail Kodoud became a director. NBB
- ARDEF BV became a director. NBB
- New establishment in Etterbeek. KBO
In short
From € 319,980 loss in 2022 to € 1.8 million loss in 2025.
Management
The shares are held by REI Investment Belgium I B.V. (100%).
Directors
According to the 2025 annual accounts
Director · represented by Arthur DE FOUR
Also active at: CBRE Investment Management Belgium, REI Belgium Fonsny, Europe Logistics Partners Mechelen, Europe Logistics Partners Liège I, REI BELGIUM PUURS, BAMBUS, Europe Logistics Partners Willebroek II, Shopping Rive Gauche +12 more
since 2022 · until 2028
since 2025 · until 2030
Wail Kodoud
Director
Also active at: REI Belgium Fonsny, Europe Logistics Partners Mechelen, REI BELGIUM PUURS, BAMBUS, Europe Logistics Partners Willebroek II, Europe Logistics Partners Willebroek I, Solbus, REI Belgium Mechelen
since 2024 · until 2030
Shareholders
REI Investment Belgium I B.V.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Belliardstraat 40 box 6
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 97 companies are registered at this address.
All companies at this address →ASSOCIATION EUROPEENNE DU CHARBON ET DU LIGNITE
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€ 2.7 million gross margin · 2025
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CBRE Investment Management Belgium same network
€ 4.2 million revenue · 2025
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+92 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
- 0774.510.950
- VAT number
- BE 0774.510.950
- Registered office
- Belliardstraat 40 bus 6, 1040 Etterbeek
- Names & denominations
- REI Belgium Antwerp
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 September 2021
- Peppol
- Active · Active since 4 Dec 2025