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 2 of the last 2 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 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
42 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Property Management Alliance from Brussel, company number BE0804890954, closed financial year 2025 with a result of € -53,784 after tax. For that financial year Property Management Alliance recorded a gross margin of € -9,122 and equity of € -64,939. Compared with financial year 2024, the result moved from € -14,155 to € -53,784. 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 26, 2026.
€ -64,939
▼ € 50,784 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,784
▼ 280 % more loss than in 2024
Profit after tax over the fiscal year.
€ 11,917
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -67,939.
Debts at end 2025
€ 1.3 million
▲ 6% vs 2024
€ 544,160 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 963
Supplier invoices still open on the last day of the fiscal year.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 119 | € -9,122 | ▼ € 9,241 |
| Profit after taxes | € -14,155 | € -53,784 | ▼ € 39,629 |
| Equity | € -14,155 | € -64,939 | ▼ € 50,784 |
| Total debts | € 1,235,761 | € 1,306,724 | ▲ 6% |
| Cash | € 140,597 | € 11,917 | ▼ 92% |
| Retained profit | € -14,155 | € -67,939 | ▼ € 53,784 |
| Bank debt | € 1,234,160 | € 1,304,160 | ▲ 6% |
| Balance sheet total | € 1,221,606 | € 1,241,785 | ▲ 2% |
Key figures of Property Management Alliance, fiscal years 2024 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 Property Management Alliance?
What happened at Property Management Alliance in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,784. Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,155 loss in 2024 to € 53,784 loss in 2025.
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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
Behind Property Management Alliance is El Fihmi Morad.
Directors
According to the 2025 annual accounts
El Fihmi Morad
Beherend vennoot - zaakvoerder
Establishments
Establishment units
Physical locations of this company
Picardstraat 7 box 100 blok 6
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 42 companies are registered at this address.
All companies at this address →DIAGEO BELGIUM
€ 66.4 million revenue · 2025
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€ 370,573 revenue · 2025
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G4S SECURE SOLUTIONS
€ 187.6 million revenue · 2025
+37 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
- 0804.890.954
- VAT number
- BE 0804.890.954
- Registered office
- Picardstraat 7 bus 100 blok 6, 1000 Brussel
- Names & denominations
- Property Management Alliance
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 August 2023
- Peppol
- Active · Active since 15 Apr 2026