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 1 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 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
ROYAL GROUP BOURKHA IMMO from Morlanwelz, company number BE0775347328, closed financial year 2025 with a result of € -37,997 after tax. For that financial year ROYAL GROUP BOURKHA IMMO recorded a gross margin of € -7,157 and equity of € -16,207. Compared with financial year 2024, the result moved from € -19,666 to € -37,997. 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 August 3, 2026.
€ -16,207
▼ € 37,997 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37,997
▼ 93 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -46,207.
Debts at end 2025
€ 199,941
▼ 13% vs 2024
€ 31,797 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 8,605
▲ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 78,337 | € 59,963 | € 15,931 | € -7,157 | ▼ € 23,088 |
| Profit after taxes | € -16,346 | € 27,803 | € -19,666 | € -37,997 | ▼ € 18,331 |
| Equity | € 13,654 | € 41,457 | € 21,790 | € -16,207 | ▼ € 37,997 |
| Total debts | € 471,139 | € 460,130 | € 403,545 | € 400,593 | ▼ 1% |
| Cash | € 36,839 | € 72,188 | € 21,337 | - | |
| Land & buildings | € 432,954 | € 422,904 | € 403,020 | € 383,137 | ▼ 5% |
| Retained profit | € -16,346 | € 11,457 | € -8,210 | € -46,207 | ▼ € 37,997 |
| Bank debt | € 290,039 | € 260,197 | € 229,938 | € 199,941 | ▼ 13% |
| Balance sheet total | € 484,793 | € 501,587 | € 425,336 | € 384,386 | ▼ 10% |
Key figures of ROYAL GROUP BOURKHA IMMO, 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 ROYAL GROUP BOURKHA IMMO?
What happened at ROYAL GROUP BOURKHA IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 37,997. filed late Source: NBB ↗
- MIZ HOLDING became a director. NBB
- ALN HOLDING became a director. NBB
- New establishment in Hensies. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,346 loss in 2022 to € 37,997 loss in 2025.
Paid € 2,872 in corporate taxes since 2022.
Best year ever: 2023, with € 27,803 profit.
Management
The stake of ROJA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ROYAL GROUP BOURKHA IMMOBehind ROYAL GROUP BOURKHA IMMO are MIZ HOLDING and ALN HOLDING. The shares are held by ROJA.
Directors
According to the 2025 annual accounts
Director · represented by Mathias IZZARELLI , Mikael LOZANO
Also active at: de Boeck foods, SPAPENS, ROJA, DE BOECK FOODS SERVICES, DE BOECK FOODS LUX, IMMOBILIERE LOZANO IZZARELLI SOLLIMA, PRO-HORECA, DE BOECK FOODS SNACKING
since 2025
Director · represented by Michèle ARAGONA
Also active at: de Boeck foods, SPAPENS, ROJA, DE BOECK FOODS SERVICES, DE BOECK FOODS LUX, IMMOBILIERE LOZANO IZZARELLI SOLLIMA, PRO-HORECA, DE BOECK FOODS SNACKING
since 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée Brunehault(CAR) 413
7141 Morlanwelz
Avenue Prince Charles(TH) 9 box A
7350 Hensies
Active since 5 October 2021
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
- 0775.347.328
- VAT number
- BE 0775.347.328
- Registered office
- Chaussée Brunehault(CAR) 413, 7141 Morlanwelz
- Names & denominations
- ROYAL GROUP BOURKHA IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 2021
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen