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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Negative equity NBB
More debt than assets in 4 of the last 4 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 16 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SFAR-ALSEMBERG from Brussel, company number BE0826869075, closed financial year 2025 with a result of € -22,028 after tax. For that financial year SFAR-ALSEMBERG recorded a gross margin of € -20,749 and equity of € -642,301. Compared with financial year 2024, the result moved from € -21,754 to € -22,028. 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 12, 2026.
€ -642,301
▼ € 22,028 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,028
▼ 1 % more loss than in 2024
Profit after tax over the fiscal year.
€ 8,951
▲ € 7,507 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -703,801.
Debts at end 2025
€ 2.3 million
▲ 10% vs 2024
Loans from banks and other lenders, long and short.
€ 95,093
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -21,872 | € -30,029 | € -20,386 | € -20,749 | ▼ € 363 |
| Profit after taxes | € -22,340 | € -30,698 | € -21,754 | € -22,028 | ▼ € 274 |
| Equity | € -567,822 | € -598,520 | € -620,274 | € -642,301 | ▼ € 22,028 |
| Total debts | € 1,479,953 | € 2,178,091 | € 2,275,970 | € 2,470,188 | ▲ 9% |
| Cash | € 15,965 | € 4,576 | € 1,444 | € 8,951 | ▲ € 7,507 |
| Retained profit | € -629,322 | € -660,020 | € -681,774 | € -703,801 | ▼ € 22,028 |
| Bank debt | € 1,441,430 | € 2,017,590 | € 2,102,367 | € 2,310,507 | ▲ 10% |
| Balance sheet total | € 912,132 | € 1,579,571 | € 1,655,696 | € 1,827,887 | ▲ 10% |
Key figures of SFAR-ALSEMBERG, 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 SFAR-ALSEMBERG?
What happened at SFAR-ALSEMBERG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- finance&invest.brussels SA stepped down as director. NBB
- BRUSTART BY FINANCE&INVEST.BRUSSELS SA stepped down as director. NBB
- SFAR SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 22,028. Source: NBB ↗
- finance&invest.brussels SA became a director. NBB
- BRUSTART BY FINANCE&INVEST.BRUSSELS SA became a director. NBB
- SFAR SA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 22,340 loss in 2022 to € 22,028 loss in 2025.
Management
The shares are held by SFAR SA (99.8%) and finance&invest.brussels SA (0.2%).
Directors
According to the 2025 annual accounts
Chairman of the board · represented by Denis TIMMERMANS
Owns 99.8% via SFAR SA
Also active at: BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING, BRUSERVICES, S.F.A.R., MAISON DE LA RADIO FLAGEY, BE ANGELS, THEODORUS III, INNOVATION FUND, SEEDER FUND +14 more
since 2025 · until 2030
BRUSTART BY FINANCE&INVEST.BRUSSELS SA
Director · represented by Guillaume LAMY
Also active at: S.F.A.R., CommuniThings, ALLERINVEST, BE CENTRAL, Rise Partners, SFAR-POLDERS, SFAR-MIDI, OUAT ! +2 more
since 2025 · until 2030
Director · represented by Alexandre SMEETS
Also active at: SFAR-POLDERS, SFAR-MIDI, SFAR-CHEMIN VERT, SFAR-ROUE
since 2025 · until 2030
Shareholders
SFAR SA · holding of finance&invest.brussels SA
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wolstraat 70
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →finance&invest.brussels same network
€ 20,250 revenue · 2025
IMMOWEB
€ 61.3 million revenue · 2025
KORN FERRY (BE)
€ 25.5 million revenue · 2026
BRUXELLES INFRASTRUCTURE FINANCE - BRUSSEL INFRASTUCTUUR FINANCIERING same network
€ 717,081 revenue · 2025
BRUSTART BY FINANCE&INVEST.BRUSSELS same network
+77 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
- 0826.869.075
- VAT number
- BE 0826.869.075
- Registered office
- Wolstraat 70, 1000 Brussel
- Names & denominations
- SFAR-ALSEMBERG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2010
- Peppol
- Active · Active since 24 Mar 2026
- Activities · NACE
Financiële lease
Verhuur en exploitatie van sociale woningen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen