Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
Financials
Financial year 2025
Operational Real Estate from Zaventem, company number BE0777424415, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year Operational Real Estate recorded revenue of € 1.3 million and equity of € -996,289. Compared with financial year 2024, the result moved from € 565,757 to € -1.2 million. 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 24, 2026.
€ -996,289
▼ € 1.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ still € 565,757 profit in 2024
Profit after tax over the fiscal year.
€ 42,620
▲ € 41,453 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
Debts at end 2025
€ 17.1 million
▼ 3% vs 2024
€ 500,000 is repaid this year. At this pace the long-term loan is gone in ≈ 34 years.
€ 54,030
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 236 days on average.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 159,077 | € 1,135,056 | € 1,320,097 | ▲ 16% |
| Profit after taxes | € -64,539 | € -328,973 | € 565,757 | € -1,230,034 | ▼ € 1.8 million |
| Equity | € -3,039 | € -332,012 | € 233,745 | € -996,289 | ▼ € 1.2 million |
| Total debts | € 4,465,076 | € 17,897,153 | € 18,075,692 | € 17,952,975 | ▼ 1% |
| Cash | € 224,052 | € 142,219 | € 1,167 | € 42,620 | ▲ € 41,453 |
| Land & buildings | - | - | € 14,460,815 | € 13,878,921 | ▼ 4% |
| Retained profit | € -64,539 | € -393,512 | € 172,245 | € -1,057,789 | ▼ € 1.2 million |
| Bank debt | € 2,750,000 | € 13,050,000 | € 17,625,000 | € 17,125,000 | ▼ 3% |
| Balance sheet total | € 4,462,037 | € 17,565,141 | € 18,309,437 | € 16,956,686 | ▼ 7% |
Key figures of Operational Real Estate, 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 Operational Real Estate?
What happened at Operational Real Estate in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Geert AERTS stepped down as director. NBB
- Arnaud FEIST stepped down as director. NBB
- Davy VREYS stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.2 million (▼ € 1.8 million vs 2024). Source: NBB ↗
- Geert AERTS became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
- Arnaud FEIST became a director. NBB
In short
From € 64,539 loss in 2022 to € 1.2 million loss in 2025.
Paid € 47,046 in corporate taxes since 2022.
Best year ever: 2024, with € 565,757 profit.
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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 Brussels Airport Real Estate (100%).
Directors
According to the 2025 annual accounts
since 2024 · until 2027
since 2021 · until 2027
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luchthaven Brussel Nationaal 1 M
1930 Zaventem
Luchthaven Brussel Nationaal 1 box C
1930 Zaventem
Active since 17 November 2021
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
- 0777.424.415
- VAT number
- BE 0777.424.415
- Registered office
- Luchthaven Brussel Nationaal 1 M, 1930 Zaventem
- Names & denominations
- Operational Real Estate
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 November 2021
- Peppol
- Active · Active since 7 Sept 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Activiteiten van holdings
Ontwikkeling van niet-residentiële bouwprojecten
Holdings