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 4 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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Busy address KBO
47 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Encore Holding from Brussel, company number BE0787744621, closed financial year 2025 with a result of € -502,865 after tax. For that financial year Encore Holding recorded a gross margin of € -114,615 and equity of € -946,228. Compared with financial year 2024, the result moved from € -93,148 to € -502,865. 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 11, 2026.
€ -946,228
▼ € 502,865 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -502,865
▼ 440 % more loss than in 2024
Profit after tax over the fiscal year.
€ 214,160
▲ 161% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -966,228.
Debts at end 2025
€ 1.6 million
▲ 16% vs 2024
Loans from banks and other lenders, long and short.
€ 44,927
▲ € 42,252 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 73
▼ 99% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -25,426 | € -9,351 | € -10,369 | € -114,615 | ▼ € 104,246 |
| Profit after taxes | € -46,559 | € -323,656 | € -93,148 | € -502,865 | ▼ € 409,718 |
| Equity | € -26,559 | € -350,215 | € -443,363 | € -946,228 | ▼ € 502,865 |
| Total debts | € 1,175,942 | € 3,268,881 | € 3,725,690 | € 2,882,610 | ▼ 23% |
| Cash | € 1,769 | € 238 | € 81,977 | € 214,160 | ▲ 161% |
| Land & buildings | - | - | - | € 744,001 | |
| Retained profit | € -46,559 | € -370,215 | € -463,363 | € -966,228 | ▼ € 502,865 |
| Bank debt | € 0 | € 1,355,000 | € 1,355,000 | € 1,574,275 | ▲ 16% |
| Balance sheet total | € 1,149,382 | € 2,918,666 | € 3,282,327 | € 2,338,378 | ▼ 29% |
Key figures of Encore Holding, 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 Encore Holding?
What happened at Encore Holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 502,865. Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
- Sami NOUJEIM became a director. NBB
- Tayfun YESILPINAR became a director. NBB
- Fares SAGHBINI became a director. NBB
In short
From € 46,559 loss in 2022 to € 502,865 loss in 2025.
Management
Behind Encore Holding are Sami NOUJEIM, Tayfun YESILPINAR and Fares SAGHBINI. The same people are also behind Encore Development. Sami NOUJEIM is also behind IMMO ROYALE 207.
Directors
According to the 2025 annual accounts
since 2022
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
Louizalaan 486 box 5
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 47 companies are registered at this address.
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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
- 0787.744.621
- VAT number
- BE 0787.744.621
- Registered office
- Louizalaan 486 bus 5, 1050 Brussel
- Names & denominations
- Encore Holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2022
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Handel in eigen onroerend goed