Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BELUGA 09 from Antwerpen, company number BE0811624734, closed financial year 2025 with a result of € -29,274 after tax. For that financial year BELUGA 09 recorded a gross margin of € 173,936 and equity of € 12,650. Compared with financial year 2024, the result moved from € -24,019 to € -29,274. The company made a loss. The buffer shrank hard: equity is 70 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 12,650
▼ 70% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -29,274
▼ 22 % more loss than in 2024
Profit after tax over the fiscal year.
€ 111,483
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -49,350.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 5.7 million
Of which on lease € 5.7 million.
Debts at end 2025
€ 5.9 million
€ 25,391 is repaid this year. At this pace the long-term loan is gone in ≈ 231 years.
€ 13,413
▼ 70% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 35,537
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 146,444 | € 161,288 | € 176,930 | € 173,936 | ▼ 2% |
| Profit after taxes | € -15,148 | € -4,239 | € -24,019 | € -29,274 | ▼ € 5,255 |
| Equity | € 70,182 | € 65,943 | € 41,924 | € 12,650 | ▼ 70% |
| Total debts | € 6,117,428 | € 6,076,102 | € 6,061,711 | € 6,006,080 | ▼ 1% |
| Cash | € 162,556 | € 151,855 | € 171,133 | € 111,483 | ▼ 35% |
| Retained profit | € 8,182 | € 3,943 | € -20,076 | € -49,350 | ▼ € 29,274 |
| Dividend | € 82,500 | € 0 | € 0 | € 0 | |
| Bank debt | € 5,950,301 | € 5,924,910 | € 5,899,519 | € 5,874,128 | |
| Balance sheet total | € 6,187,609 | € 6,142,045 | € 6,103,635 | € 6,018,730 | ▼ 1% |
Key figures of BELUGA 09, 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 BELUGA 09?
What happened at BELUGA 09 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 29,274. filed late Source: NBB ↗
- Group Minerva NV became a director. NBB
- Foresite NV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,148 loss in 2022 to € 29,274 loss in 2025.
Paid out € 82,500 in dividends to the owners in total.
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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 FORESITE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELUGA 09Behind BELUGA 09 are Group Minerva NV and Foresite NV. The shares are held by FORESITE (50%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Cavens
Also active at: WETINVEST II, Attis, GANDS, QUEEN TOWERS, GANDS Group, RAC4 Development, Urban Living Belgium Holding, TRIPLE LIVING HOLDING +18 more
since 2019
Director · represented by Benoit Nibelle
since 2014
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Michel De Braeystraat 55
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →Cavens & Co
€ 132,842 gross margin · 2024
GANDS same network
€ 5.4 million revenue · 2025
URBAN LIVING PROJECT MANAGEMENT
€ 35.9 million revenue · 2025
Canalis Invest
€ 1,224 gross margin · 2025
ULP-I
€ 962,513 gross margin · 2025
+30 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
- 0811.624.734
- VAT number
- BE 0811.624.734
- Registered office
- Michel De Braeystraat 55, 2000 Antwerpen
- Names & denominations
- BELUGA 09
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 May 2009
- Peppol
- Active · Active since 27 Mar 2026