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 3 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 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AG REAL ESTATE WESTINVEST from Brussel, company number BE0841798563, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year AG REAL ESTATE WESTINVEST recorded a gross margin of € -71,790 and equity of € -23.3 million. Compared with financial year 2024, the result moved from € -3.8 million to € -1.1 million. 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 May 26, 2026.
€ -23.3 million
▼ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -62.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,526
▼ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | - | - | € -91,208 | € -71,790 | ▲ € 19,418 |
| Profit after taxes | € -2,540,544 | € -46,373,301 | € -3,761,641 | € -1,143,449 | ▲ € 2.6 million |
| Equity | € 27,995,361 | € -18,377,940 | € -22,139,580 | € -23,283,030 | ▼ € 1.1 million |
| Total debts | € 52,735,156 | € 51,659,425 | € 54,895,382 | € 23,561,673 | ▼ 57% |
| Cash | € 394,984 | € 232,250 | € 52,333 | - | |
| Retained profit | € -10,880,521 | € -57,253,822 | € -61,015,462 | € -62,158,912 | ▼ € 1.1 million |
| Bank debt | € 50,250,000 | € 48,500,000 | € 0 | € 0 | |
| Balance sheet total | € 80,730,517 | € 33,281,485 | € 32,755,802 | € 278,643 | ▼ 99% |
Key figures of AG REAL ESTATE WESTINVEST, 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 AG REAL ESTATE WESTINVEST?
What happened at AG REAL ESTATE WESTINVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Serge FAUTRE stepped down as director. NBB
- LAURENT STALENS RE SRL stepped down as director. NBB
- MARC VAN BEGIN SRL stepped down as director. NBB
- AMAND BENOÎT D'HONDT SRL stepped down as director. NBB
- Karel TANGHE stepped down as director. NBB
- Heidi DELOBELLE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- Karel TANGHE became a director. NBB
In short
From € 2.5 million loss in 2022 to € 1.1 million loss in 2025.
Paid € 17,656 in corporate taxes since 2022.
A new publication or filing at AG REAL ESTATE WESTINVEST? 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 AG REAL ESTATE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AG REAL ESTATE WESTINVESTThe shares are held by AG REAL ESTATE (100%).
Directors
According to the 2025 annual accounts
Serge FAUTRE
Director
Also active at: AG REAL ESTATE, AG REAL ESTATE LAND, AG REAL ESTATE FINANCE, PORTICI, AG Real Estate Asset Management, AG FINANCE, CANAL WHARF, CAVELL PROJECTS +4 more
since 2021 · until 2027
Director · represented by Laurent STALENS
Also active at: LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT, AG REAL ESTATE, INTERPARKING, Le Patrimoine immobilier - Het Onroerende Vermogen, Citymo, AG REAL ESTATE LAND, NOUVELLES GALERIES DU BOULEVARD ANSPACH, SEAFRONT ZEEBRUGGE +38 more
since 2022 · until 2027
Director · represented by Marc VAN BEGIN
Also active at: LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT, AG REAL ESTATE, INTERPARKING, Le Patrimoine immobilier - Het Onroerende Vermogen, Brussels International Trade Mart Ltd. and Co., Citymo, AG REAL ESTATE LAND, NOUVELLES GALERIES DU BOULEVARD ANSPACH +70 more
since 2021 · until 2027
Director · represented by Amand Benoit D'HONDT
Also active at: AG REAL ESTATE, INTERPARKING, L'INVESTISSEMENT FONCIER BOULEVARD DE WATERLOO, AG Real Estate Asset Management, ANIMA, AG HEYLEN WAREHOUSES, AMPLA HOUSE PROPERTIES, AIRPORT DEVELOPMENT +10 more
since 2021 · until 2027
since 2023 · until 2027
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kunstlaan 58
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT same network
€ 1.1 million gross margin · 2025
AG REAL ESTATE same network
€ 33.7 million revenue · 2025
Le Patrimoine immobilier - Het Onroerende Vermogen same network
€ -67,550 gross margin · 2025
Thilly Reinsurance Services
Citymo same network
€ 14 million revenue · 2025
+83 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
- 0841.798.563
- VAT number
- BE 0841.798.563
- Registered office
- Kunstlaan 58, 1000 Brussel
- Names & denominations
- AG REAL ESTATE WESTINVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 December 2011
- Peppol
- Active · Active since 1 Jan 2001