Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
60 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Apheon Advisors from Elsene, company number BE0825238089, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year Apheon Advisors recorded revenue of € 19.5 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 705,970 to € 1.5 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 23, 2026.
€ 1.9 million
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 113% vs 2024
Profit after tax over the fiscal year.
€ 520,022
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
10
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 12% vs 2024
€ 119,700 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.
€ 129,985
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.1 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 22 days on average.
€ 290,359
▼ 36% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,612,500 | € 17,750,050 | € 19,495,000 | € 19,500,000 | |
| Profit after taxes | € 208,129 | € 256,334 | € 705,970 | € 1,505,512 | ▲ 113% |
| Equity | € 1,383,432 | € 1,639,766 | € 2,345,736 | € 1,851,248 | ▼ 21% |
| Total debts | € 9,842,301 | € 10,129,208 | € 14,238,073 | € 3,591,658 | ▼ 75% |
| Cash | € 1,033,567 | € 579,591 | € 793,363 | € 520,022 | ▼ 34% |
| Retained profit | € 1,321,932 | € 1,578,266 | € 2,284,236 | € 1,789,748 | ▼ 22% |
| Dividend | € 0 | € 0 | € 0 | € 2,000,000 | |
| Bank debt | € 7,335,000 | € 7,435,000 | € 10,000,000 | € 0 | ▼ 100% |
| Balance sheet total | € 11,225,734 | € 11,768,974 | € 16,583,809 | € 5,442,906 | ▼ 67% |
| Employees (FTE) | 7.4 | 9.9 | 10.1 | 10 | ▼ 0.1 |
Key figures of Apheon Advisors, 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 Apheon Advisors?
What happened at Apheon Advisors in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wolfgang de Limburg Stirum stepped down as director. NBB
- Lake Advisors BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.5 million (▲ 113% vs 2024). Source: NBB ↗
- John Mansvelt stepped down as director. NBB
- Wolfgang de Limburg Stirum became a director. NBB
- Lake Advisors BV became a director. NBB
- John Mansvelt became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 208,129 profit in 2022 to € 1.5 million profit in 2025.
Paid € 451,000 in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Paid out € 2 million in dividends to the owners in total.
A new publication or filing at Apheon Advisors? We notify you, reason included.
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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 LSIM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Apheon AdvisorsThe shares are held by LSIM (50%). It owns 100% of Apheon Advisors France S.A.S., 100% of Apheon Advisors Spain S.L., 100% of Apheon Advisors Netherlands BV, 100% of Apheon Advisors Italy S.r.l., 100% of Apheon MidCap Buyout IV Feeder GP SRL and 100% of Apheon Advisors Germany GmbH itself.
Directors
According to the 2025 annual accounts
Wolfgang de Limburg Stirum
Managing director
Also active at: "IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE " OU " IMMOBILIEN VENNOOTSCHAP VAN BELGIE", GRIMONSTER, Apheon MidCap Buyout III, Apheon MidCap Buyout IV Feeder GP, Apheon MidCap Buyout IV Feeder, Groupement Forestier Immo Ls, LSIM, Apheon MidCap Buyout I +1 more
since 2025 · until 2031
John Mansvelt
Director
Also active at: Apheon MidCap Buyout IV Feeder GP, Apheon MidCap Buyout IV Feeder
since 2020 · until 2026
Director · represented by Pieter Lambrecht
Also active at: INSURANCE INVESTMENTS, ALLIA INSURANCE BROKERS, Sofico Invest, GoSumma, Insurance Investments Group, Insurance Investments International
since 2024 · until 2030
Shareholders
50%
Participations
Apheon Advisors France S.A.S.
100%
Apheon Advisors Spain S.L.
100%
Apheon Advisors Netherlands BV
100%
Apheon Advisors Italy S.r.l.
100%
Apheon Advisors Germany GmbH
100%
Establishments
Establishment units
Physical locations of this company
Louizalaan 326
1050 Elsene
Marnixlaan 24
1000 Brussel
Active since 21 April 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 60 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
- 0825.238.089
- VAT number
- BE 0825.238.089
- Registered office
- Louizalaan 326, 1050 Elsene
- Names & denominations
- Apheon Advisors
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 2010
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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