Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Integra Partners from Gent, company number BE0782277086, closed financial year 2025 with a result of € -345,691 after tax. For that financial year Integra Partners recorded a gross margin of € 50,236 and equity of € 107,081. Compared with financial year 2024, the result moved from € 316,032 to € -345,691. The company made a loss. The buffer shrank hard: equity is 76 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 107,081
▼ 76% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -345,691
▼ still € 316,032 profit in 2024
Profit after tax over the fiscal year.
€ 24,071
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 45,581.
People and assets in 2025
3.6
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 269,070
▼ 16% vs 2024
€ 74,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 81,661
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
▲ 49% vs 2024
Loans from banks and other lenders, long and short.
€ 576,046
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,217
▼ 81% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,016,801 | - | - | - | |
| Gross margin | - | € 371,263 | € 873,181 | € 50,236 | ▼ 94% |
| Profit after taxes | € 96,809 | € -21,569 | € 316,032 | € -345,691 | ▼ € 661,723 |
| Equity | € 158,309 | € 136,739 | € 452,772 | € 107,081 | ▼ 76% |
| Total debts | € 909,768 | € 1,375,967 | € 1,728,813 | € 2,609,054 | ▲ 51% |
| Cash | € 99,494 | € 173,080 | € 151,653 | € 24,071 | ▼ 84% |
| Retained profit | € 96,809 | € 75,239 | € 391,272 | € 45,581 | ▼ 88% |
| Bank debt | € 420,185 | € 704,640 | € 1,286,440 | € 1,915,319 | ▲ 49% |
| Balance sheet total | € 1,068,077 | € 1,512,707 | € 2,181,584 | € 2,716,135 | ▲ 25% |
| Employees (FTE) | 2,460 | 3.5 | 3.7 | 3.6 | ▼ 0.1 |
Key figures of Integra Partners, 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 Integra Partners?
What happened at Integra Partners in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- True North Asset Management BV stepped down as director. NBB
- Kazmuzi BV stepped down as director. NBB
- Integra Management BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 345,691 (▼ € 661,723 vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
- True North Asset Management BV became a director. NBB
- Kazmuzi BV became a director. NBB
In short
From € 96,809 profit in 2022 to € 345,691 loss in 2025.
Paid € 212,861 in corporate taxes since 2022.
Best year ever: 2024, with € 316,032 profit.
On average € 14,000 of value added per employee in 2025.
Management
The stake of True North Asset Management, Kazmuzi, VDC Finance comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Integra PartnersThe shares are held by True North Asset Management (26.7%), Kazmuzi (26.7%) and VDC Finance.
Directors
According to the 2025 annual accounts
True North Asset Management BV
Director · represented by Bernard Hendrikx
Also active at: INTEGRA CAPITAL PARTNERS, ZEPA, VINDEVOGEL FLANDERS, Columba, Nestor Holding, SACK INVEST, Nestor Europe
since 2022 · until 2028
since 2022 · until 2028
Managing director · represented by Johan Heirbrandt - Van Rijsseghem
Also active at: INTEGRA CAPITAL PARTNERS, Nestor Holding
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rijvisschestraat 118 box 3
9052 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →Advanced incubation platform
€ 834,703 gross margin · 2025
STAPLES BELGIUM
€ 676,401 gross margin · 2025
BIOMEDICAL APPLICATION OF RESEARCH IN INFECTIOUS DISEASES CONTROL
€ 1.4 million gross margin · 2025
GROUP AIP
INTEGRA CAPITAL PARTNERS same network
€ 316,495 gross margin · 2025
+16 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
- 0782.277.086
- VAT number
- BE 0782.277.086
- Registered office
- Rijvisschestraat 118 bus 3, 9052 Gent
- Names & denominations
- Integra Partners
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 February 2022
- Peppol
- Active · Active since 31 Oct 2023
- Activities · NACE
Activiteiten van holdings
Holdings