Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 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 29 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Substantia Development from Antwerpen, company number BE0841829544, closed financial year 2025 with a result of € -53,718 after tax. For that financial year Substantia Development recorded a gross margin of € 16,934 and equity of € -81,773. Compared with financial year 2024, the result moved from € -61,702 to € -53,718. 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 April 29, 2026.
€ -81,773
▼ € 53,718 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,718
▲ 13 % less loss than in 2024
Profit after tax over the fiscal year.
€ 29,028
▲ € 26,923 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -100,373.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 721,381
▲ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 17,401
▼ 41% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,030
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 | |
|---|---|---|---|---|---|
| Gross margin | € -2,548 | € 4,006 | € -1,905 | € 16,934 | ▲ € 18,839 |
| Profit after taxes | € -8,753 | € -43,373 | € -61,702 | € -53,718 | ▲ € 7,984 |
| Equity | € 77,020 | € 33,647 | € -28,055 | € -81,773 | ▼ € 53,718 |
| Total debts | € 117,722 | € 741,588 | € 813,142 | € 877,179 | ▲ 8% |
| Cash | € 5,413 | € 2,728 | € 2,105 | € 29,028 | ▲ € 26,923 |
| Retained profit | € 58,420 | € 15,047 | € -46,655 | € -100,373 | ▼ € 53,718 |
| Bank debt | € 0 | € 570,021 | € 615,622 | € 721,381 | ▲ 17% |
| Balance sheet total | € 194,742 | € 775,235 | € 785,087 | € 795,407 | ▲ 1% |
Key figures of Substantia Development, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Substantia Development?
What happened at Substantia Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,718. Source: NBB ↗
- VHB Projects BV became a director. NBB
- ESV Ventures BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,753 loss in 2022 to € 53,718 loss in 2025.
Paid € 95 in corporate taxes since 2022.
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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 Substantia Development are VHB Projects BV and ESV Ventures BV. The shares are held by ESV Estates and VHB Projects.
Directors
According to the 2025 annual accounts
Director · represented by Tom Van Hamme
Also active at: SUBSTANTIA, Subland, Sophie Development, BRIDGE DEVELOPMENT, Emiel Development, Substantia Properties
since 2014
Director · represented by Edward Verté
Also active at: WOUTERS & HENDRIX, Precious Jewel Group, ACTIVIOR, PremiumStock, SUBSTANTIA, Subland, Sophie Development, BRIDGE DEVELOPMENT +5 more
since 2014
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Plantinkaai 1 box 105
2000 Antwerpen
Sint-Jansvliet 2 box 6
2000 Antwerpen
Active since 15 December 2011
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 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
- 0841.829.544
- VAT number
- BE 0841.829.544
- Registered office
- Plantinkaai 1 bus 105, 2000 Antwerpen
- Names & denominations
- Substantia Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 December 2011
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Overige technische testen en toetsen
Overige zakelijke dienstverlening, neg
Diverse administratieve activiteiten ten behoeve van kantoren