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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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
55 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Baltisse Real Estate Investments from Gent, company number BE0788252979, closed financial year 2025 with a result of € 13.8 million after tax. For that financial year Baltisse Real Estate Investments recorded a gross margin of € -414,203 and equity of € 108.3 million. Compared with financial year 2024, the result moved from € 6.2 million to € 13.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 108.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13.8 million
▲ 122% vs 2024
Profit after tax over the fiscal year.
€ 543,847
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13.8 million paid out
100 % of the profit went to the shareholders, mostly to Baltisse Real Estate (99 % of the shares). That is where the money ends up.
Debts at end 2025
€ 90,000
▼ 99% vs 2024
Loans from banks and other lenders, long and short.
€ 307,179
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 262,268
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 | € -587,833 | € -1,007,998 | € -675,581 | € -414,203 | ▲ € 261,378 |
| Profit after taxes | € -608,411 | € -575,835 | € 6,213,867 | € 13,812,564 | ▲ 122% |
| Equity | € 82,691,589 | € 92,115,754 | € 107,335,000 | € 108,300,000 | ▲ 1% |
| Total debts | € 13,857,324 | € 17,817,260 | € 17,856,806 | € 14,519,065 | ▼ 19% |
| Cash | € 250,999 | € 468,178 | € 609,166 | € 543,847 | ▼ 11% |
| Retained profit | € -608,411 | € -1,184,246 | € 0 | € 0 | |
| Dividend | € 0 | € 0 | € 5,029,620 | € 13,812,564 | ▲ 175% |
| Bank debt | € 12,900,000 | € 15,975,000 | € 12,270,642 | € 90,000 | ▼ 99% |
| Balance sheet total | € 96,548,912 | € 109,933,014 | € 125,191,806 | € 122,819,065 | ▼ 2% |
Key figures of Baltisse Real Estate Investments, 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 Baltisse Real Estate Investments?
What happened at Baltisse Real Estate Investments in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13.8 million (▲ 122% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- ASSETS INVEST BV became a director. NBB
- ALEXANDER VAN RAVELS BV became a director. NBB
- Marc JANSSENS became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 608,411 loss in 2022 to € 13.8 million profit in 2025.
Paid € 260,000 in corporate taxes since 2022.
Best year ever: 2025, with € 13.8 million profit.
Paid out € 18.8 million in dividends to the owners in total.
Management
The stake of Baltisse Real Estate, SIRENUSE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Baltisse Real Estate InvestmentsBehind Baltisse Real Estate Investments are ASSETS INVEST BV, ALEXANDER VAN RAVELS BV and Marc JANSSENS . The shares are held by Baltisse Real Estate (99.4%) and SIRENUSE (3%). It owns 99.4% of ARGIBEL, 99.2% of LIEGE BECASSE, 98.9% of BLUE LINE STORAGE , 98.8% of SOUVERAIN 100, 96.3% of ARCHIMEDES OFFICES and 86% of SCHWEDLER itself.
Directors
According to the 2025 annual accounts
Director · represented by Alex DE WITTE
Also active at: ARGIBEL, BUILDING, Horatius Capital Partners, WATT FACTORY, BOEVERIE, LIEGE BECASSE, XIOR Namen, VICTORIA REGINA +21 more
since 2022
Director · represented by Alexander VAN RAVELS
Also active at: ARGIBEL, PUVAST, LIEGE BECASSE, BLUE LINE STORAGE, SOUVERAIN 100, ARCHIMEDES OFFICES, LUMMEN, Fenix Workspace +3 more
since 2022
Marc JANSSENS
Director
Also active at: ARGIBEL, Sharp Insurance Brokers, BUILDING, GRADA INTERNATIONAL, SERVINT, PHYTO-TECHNICS, Floorenter, LIEGE BECASSE +33 more
since 2022
Shareholders
99.4%
3%
Participations
99.4%
99.2%
98.9%
98.8%
96.3%
SCHWEDLER
86%
KIRCHBERG HOLDING
50%
Establishments
Establishment units
Physical locations of this company
Pauline Van Pottelsberghelaan 10
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 55 companies are registered at this address.
All companies at this address →Huis te Lande
€ -185,764 gross margin · 2025
ARGIBEL same network
€ 62,256 gross margin · 2025
BUILDING same network
€ 319,319 gross margin · 2025
Marieposa
€ -22,893 gross margin · 2025
North Beach
€ -34,684 gross margin · 2025
+50 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
- 0788.252.979
- VAT number
- BE 0788.252.979
- Registered office
- Pauline Van Pottelsberghelaan 10, 9051 Gent
- Names & denominations
- Baltisse Real Estate Investments · BREI
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 2022
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
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