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 53 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GLOBAL REAL ESTATE INVESTMENT COMPANY from Kortrijk, company number BE0808790453, closed financial year 2025 with a result of € 144,348 after tax. For that financial year GLOBAL REAL ESTATE INVESTMENT COMPANY recorded a gross margin of € 126,540 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € -151,365 to € 144,348. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 1.7 million
▲ 10% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 144,348
▲ still € 151,365 loss in 2024
Profit after tax over the fiscal year.
€ 7,938
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 663,046.
People and assets in 2025
1.7
Average over the fiscal year, from the social balance sheet.
€ 147,882
▲ 9% vs 2024
€ 87,000 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.
€ 10,864
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 803,910
▼ 4% vs 2024
€ 35,674 is repaid this year. At this pace the long-term loan is gone in ≈ 23 years.
€ 376,270
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,435
▼ 79% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 166,765 | € 443,641 | € 129,981 | € 126,540 | ▼ 3% |
| Profit after taxes | € 44,978 | € 253,748 | € -151,365 | € 144,348 | ▲ € 295,712 |
| Equity | € 1,452,315 | € 1,670,063 | € 1,518,698 | € 1,663,046 | ▲ 10% |
| Total debts | € 4,786,972 | € 5,627,429 | € 6,049,246 | € 6,309,183 | ▲ 4% |
| Cash | € 45,081 | € 36,831 | € 18,060 | € 7,938 | ▼ 56% |
| Land & buildings | - | - | € 433,337 | € 422,619 | ▼ 2% |
| Retained profit | € 452,315 | € 670,063 | € 518,698 | € 663,046 | ▲ 28% |
| Dividend | € 11,000 | € 11,000 | € 0 | € 0 | |
| Bank debt | € 477,444 | € 463,054 | € 838,620 | € 803,910 | ▼ 4% |
| Balance sheet total | € 6,239,287 | € 7,297,492 | € 7,567,944 | € 7,972,229 | ▲ 5% |
| Employees (FTE) | 1.7 | 1.7 | 1.7 | 1.7 |
Key figures of GLOBAL REAL ESTATE INVESTMENT COMPANY, 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 GLOBAL REAL ESTATE INVESTMENT COMPANY?
What happened at GLOBAL REAL ESTATE INVESTMENT COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 144,348. filed late Source: NBB ↗
- ISHKA BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Kortrijk. KBO
In short
From € 44,978 profit in 2022 to € 144,348 profit in 2025.
Paid € 106,095 in corporate taxes since 2022.
Best year ever: 2023, with € 253,748 profit.
On average € 74,400 of value added per employee 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
The stake of ISHKA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GLOBAL REAL ESTATE INVESTMENT COMPANYBehind GLOBAL REAL ESTATE INVESTMENT COMPANY is ISHKA BV. The shares are held by ISHKA (85%). It owns 100% of BC Hefschier, 100% of Building Capital and 100% of Building Capital 2 itself.
Directors
According to the 2025 annual accounts
Shareholders
85%
Participations
Establishments
Establishment units
Physical locations of this company
Engelse Wandeling(Kor) 2K13V
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0808.790.453
- VAT number
- BE 0808.790.453
- Registered office
- Engelse Wandeling(Kor) 2K13V, 8500 Kortrijk
- Names & denominations
- GLOBAL REAL ESTATE INVESTMENT COMPANY · GREIC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 2008
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Overige fiscale dienstverlening
Boekhouders en boekhouders-fiscalisten