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 6 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
78 other companies have their registered office at the same address; threshold 10.
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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
VESTAZUR from Brussel, company number BE0787408683, closed financial year 2025 with a result of € -26.7 million after tax. For that financial year VESTAZUR recorded a gross margin of € -1,930 and equity of € -33,375. Compared with financial year 2024, the result moved from € -4,501 to € -26.7 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 September 16, 2026.
€ -33,375
▼ € 26.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -26.7 million
▼ 593233 % more loss than in 2024
Profit after tax over the fiscal year.
€ 40
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26.7 million.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,533
▲ 120% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -18,636 | € -1,880 | € -2,334 | € -1,930 | ▲ € 404 |
| Profit after taxes | € -18,983 | € -2,304 | € -4,501 | € -26,707,586 | ▼ € 26.7 million |
| Equity | € 26,681,017 | € 26,678,713 | € 26,674,211 | € -33,375 | ▼ € 26.7 million |
| Total debts | € 21,000 | € 22,434 | € 328,324 | € 35,362 | ▼ 89% |
| Cash | € 2,017 | € 1,147 | € 936 | € 40 | ▼ 96% |
| Retained profit | € -18,983 | € -21,287 | € -25,789 | € -26,733,375 | ▼ € 26.7 million |
| Balance sheet total | € 26,702,017 | € 26,701,147 | € 27,002,535 | € 1,987 | ▼ € 27 million |
Key figures of VESTAZUR, 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 VESTAZUR?
What happened at VESTAZUR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GLH SRL stepped down as director. NBB
- COMPAGNIE 14 SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 26.7 million. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Denis Vandamme became a director. NBB
- GLH SRL became a director. NBB
- COMPAGNIE 14 SA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,983 loss in 2022 to € 26.7 million loss in 2025.
Management
The stake of JEL Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VESTAZURBehind VESTAZUR is Denis Vandamme. The shares are held by JEL Holding (33%). It owns 39.2% of SBPI itself.
Directors
According to the 2025 annual accounts
Denis Vandamme
Director
Also active at: SOBEGI, GESTION IMMOBILIERE PRIVEE, DV COMPANY, DV CONSULT & MANAGEMENT, WE SOLD, MOTOWN REAL ESTATE HOLDING, DEN-INVEST
since 2022
Managing director · represented by HEPNER Lionel
Also active at: Motown Thines, MOTOWN MIROIR, MOTOWN DINANT, SOCIETE BRUXELLOISE DE PARTICIPATION IMMOBILIERE, MOTOWN DEVELOPMENT, MOTOWN KANAAL LAND, MOTOWN PROJECT HOLDING, MOTOWN PARC +8 more
since 2022 · until 2028
Director · represented by Goldberg Olivier
Also active at: MOTOWN DINANT, SOCIETE BRUXELLOISE DE PARTICIPATION IMMOBILIERE, MOTOWN PROJECT HOLDING, MOTOWN SCHOTEN INVEST, MOTOWN REAL ESTATE HOLDING, Motown Trone Construct, Motown Parc Construct, Motown Niel Construct +2 more
since 2022 · until 2028
Shareholders
33%
Participations
39.2%
Establishments
Establishment units
Physical locations of this company
Louizalaan 489
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 78 companies are registered at this address.
All companies at this address →Editions Commerciales et Industrielles
The American Women's Club of Brussels
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€ 427,571 gross margin · 2025
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€ 581,497 gross margin · 2025
GOLDEN TOP N.V. (Pietermaai, 15 - Wilhemstad - Curacao)
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0787.408.683
- VAT number
- BE 0787.408.683
- Registered office
- Louizalaan 489, 1050 Brussel
- Names & denominations
- VESTAZUR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 2022
- Peppol
- Not registered
- Activities · NACE
Activiteiten van holdings
Holdings