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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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
97 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Shopping Center Médiacité from Etterbeek, company number BE0836946286, closed financial year 2025 with a result of € -2.7 million after tax. For that financial year Shopping Center Médiacité recorded revenue of € 13.7 million and equity of € 26.4 million. Compared with financial year 2024, the result moved from € -3.1 million to € -2.7 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 26.4 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.7 million
▲ 13 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2.6 million
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -26.5 million.
People and assets in 2025
€ 170,063
▲ € 157,533 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 174.5 million
▼ 4% vs 2024
€ 100.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.5 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 99 days on average.
€ 672,570
▲ 17% vs 2024
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 | |
|---|---|---|---|---|---|
| Revenue | € 14,594,123 | € 16,397,715 | € 17,012,294 | € 13,683,387 | ▼ 20% |
| Profit after taxes | € -4,405,738 | € -2,225,298 | € -3,142,771 | € -2,742,312 | ▲ € 400,458 |
| Equity | € 34,500,360 | € 32,275,062 | € 29,132,291 | € 26,389,979 | ▼ 9% |
| Total debts | € 199,317,387 | € 195,941,025 | € 188,875,782 | € 182,230,904 | ▼ 4% |
| Cash | € 2,664,473 | € 6,467,509 | € 5,769,582 | € 2,616,759 | ▼ 55% |
| Land & buildings | € 212,284,307 | € 204,632,675 | € 196,874,195 | € 190,188,102 | ▼ 3% |
| Retained profit | € -18,350,212 | € -20,575,509 | € -23,718,280 | € -26,460,593 | ▼ € 2.7 million |
| Bank debt | € 190,283,023 | € 188,824,269 | € 181,147,631 | € 174,456,076 | ▼ 4% |
| Balance sheet total | € 233,902,747 | € 228,216,087 | € 218,618,152 | € 209,399,941 | ▼ 4% |
Key figures of Shopping Center Médiacité, 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 Shopping Center Médiacité?
What happened at Shopping Center Médiacité in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- Victoria Liénart became a director. NBB
- Piet van Poppel SRL stepped down as director. NBB
- Wail KODOUD became a director. NBB
- ARDEF SRL became a director. NBB
- Piet van Poppel SRL became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.4 million loss in 2022 to € 2.7 million loss in 2025.
Paid € 844 in corporate taxes since 2022.
Pays suppliers within 99 days on average.
A new publication or filing at Shopping Center Médiacité? 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
Behind Shopping Center Médiacité are ARDEF SRL, Wail KODOUD and Victoria Liénart. The shares are held by ESCF II JV S.à.r.l. (100%).
Directors
According to the 2025 annual accounts
Director · represented by Arthur De Four
Also active at: CBRE Investment Management Belgium, REI Belgium Fonsny, Europe Logistics Partners Mechelen, Europe Logistics Partners Liège I, REI BELGIUM PUURS, BAMBUS, Europe Logistics Partners Willebroek II, Shopping Rive Gauche +12 more
since 2022
Wail KODOUD
Director
Also active at: Shopping Rive Gauche, IGIS Brederode Brussels, PEC Belgium Olen, PEC Belgium Ghent, REI BELGIUM EVERE, Europe Logistics Partners Eindhout I
since 2024
Victoria Liénart
Director
since 2025
Director · represented by Piet Van Poppel
Also active at: CBRE Investment Management Belgium, REI Belgium Fonsny, IMMO SIM, Europe Logistics Partners Liège I, REI BELGIUM PUURS, Jelo Invest, BAMBUS, Europe Logistics Partners Willebroek II +13 more
since 2016 · until 2025
Shareholders
ESCF II JV S.à.r.l.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Belliardstraat 40 box 6
1040 Etterbeek
Boulevard Raymond-Poincaré 7 box 200
4020 Liège
Active since 14 June 2011
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 97 companies are registered at this address.
All companies at this address →ASSOCIATION EUROPEENNE DU CHARBON ET DU LIGNITE
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€ 2.7 million gross margin · 2025
CONSEIL EUROPEEN DE L'INDUSTRIE CHIMIQUE - EUROPEAN CHEMICAL INDUSTRY COUNCIL
€ 4.4 million revenue · 2025
CBRE Investment Management Belgium same network
€ 4.2 million revenue · 2025
Plastics Europe
+92 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
- 0836.946.286
- VAT number
- BE 0836.946.286
- Registered office
- Belliardstraat 40 bus 6, 1040 Etterbeek
- Names & denominations
- Shopping Center Médiacité
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 June 2011
- Peppol
- Active · Active since 19 Jan 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Activiteiten van syndici van onroerend goed
Ontwikkeling van niet-residentiële bouwprojecten
Algemene bouw van residentiële gebouwen
Algemene bouw van andere niet-residentiële gebouwen
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis