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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
90 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PROJECT PELIKAANSTRAAT from Antwerpen, company number BE0831228137, closed financial year 2025 with a result of € -560,710 after tax. For that financial year PROJECT PELIKAANSTRAAT recorded a gross margin of € 1.6 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € -262,719 to € -560,710. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 3.9 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -560,710
▼ 113 % more loss than in 2024
Profit after tax over the fiscal year.
€ 61
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 938,637.
People and assets in 2025
2.7
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 100,744
▲ 36% vs 2024
€ 37,300 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.
€ 29,998
▲ € 22,943 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 16.6 million
▼ 5% vs 2024
€ 819,566 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 771,794
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 66,888
▲ 80% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,173,896 | € 1,607,920 | € 1,609,778 | € 1,591,189 | ▼ 1% |
| Profit after taxes | € 723,378 | € -109,361 | € -262,719 | € -560,710 | ▼ € 297,991 |
| Equity | € 4,873,028 | € 4,763,668 | € 4,500,949 | € 3,940,239 | ▼ 12% |
| Total debts | € 15,972,741 | € 19,919,686 | € 19,619,627 | € 19,311,573 | ▼ 2% |
| Cash | € 61 | € 827 | € 6,561 | € 61 | ▼ 99% |
| Land & buildings | € 2,497 | € 22,671 | € 70,134 | € 74,244 | ▲ 6% |
| Retained profit | € 1,871,427 | € 1,762,066 | € 1,499,347 | € 938,637 | ▼ 37% |
| Bank debt | € 14,315,500 | € 18,644,325 | € 17,458,216 | € 16,594,403 | ▼ 5% |
| Balance sheet total | € 21,362,167 | € 25,160,383 | € 24,608,794 | € 23,700,177 | ▼ 4% |
| Employees (FTE) | 0.6 | 1.3 | 2.5 | 2.7 | ▲ 0.2 |
Key figures of PROJECT PELIKAANSTRAAT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 31 October 2026.
What happened to PROJECT PELIKAANSTRAAT?
What happened at PROJECT PELIKAANSTRAAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Charles Finkelstein stepped down as director. NBB
- Daniel Finkelstein stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 560,710. Source: NBB ↗
- Charles Finkelstein became a director. NBB
- Daniel Finkelstein became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 723,378 profit in 2022 to € 560,710 loss in 2025.
Paid € 129,229 in corporate taxes since 2022.
Best year ever: 2022, with € 723,378 profit.
On average € 589,300 of value added per employee in 2025.
Management
The stake of IMMO GEM INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PROJECT PELIKAANSTRAATThe shares are held by IMMO GEM INVEST (56%).
Directors
According to the 2025 annual accounts
Charles Finkelstein
Managing director
Also active at: Société Diamantaire Ch. Finkelstein et Cie, Joaillerie Frohmann frères, PARKING VESTING, CH. FINKELSTEIN en Co INDUSTRIAL DIVISION, IMMO GEM INVEST, Coralba Group, Immo Maurice, WONINGEN FINIBO +4 more
since 2023 · until 2029
since 2023 · until 2029
Shareholders
56%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 53
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 90 companies are registered at this address.
All companies at this address →DIAMEX MANUFACTURING
€ -44,901 gross margin · 2025
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€ -15,660 gross margin · 2025
Espeka
€ 9.8 million revenue · 2025
Société Diamantaire Ch. Finkelstein et Cie same network
€ 933,772 gross margin · 2025
Taché Company
+85 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
- 0831.228.137
- VAT number
- BE 0831.228.137
- Registered office
- Hoveniersstraat 53, 2018 Antwerpen
- Names & denominations
- PROJECT PELIKAANSTRAAT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 2010
- Peppol
- Active · Active since 10 Jun 2025
- Activities · NACE
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