Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
21 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
LICENSE TO CONSTRUCT from Gent, company number BE0841841125, closed financial year 2024 with a result of € 1.8 million after tax. For that financial year LICENSE TO CONSTRUCT recorded revenue of € 3.1 million and equity of € 25.6 million. Compared with financial year 2023, the result moved from € -825,204 to € 1.8 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2025.
€ 25.6 million
▲ 4% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▲ still € 825,204 loss in 2023
Profit after tax over the fiscal year.
€ 211,809
▼ 38% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 4.3 million.
People and assets in 2024
3.7
▼ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 240,843
▼ 24% vs 2023
€ 65,100 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.
€ 4.2 million
▲ € 4.1 million vs 2023
Of which on lease € 4.2 million.
Debts at end 2024
€ 88.2 million
▲ 3% vs 2023
€ 562,250 is repaid this year. At this pace the long-term loan is gone in ≈ 157 years.
€ 221,792
▼ 66% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 270,129
▲ 19% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 320,631 | - | € 1,736,095 | € 3,122,891 | ▲ 80% |
| Gross margin | € 5,518,232 | € 1,952,065 | € 1,507,508 | € 4,656,156 | ▲ 209% |
| Profit after taxes | € 4,875,392 | € 354,755 | € -825,204 | € 1,829,186 | ▲ € 2.7 million |
| Equity | € 24,982,296 | € 20,313,894 | € 24,773,328 | € 25,647,577 | ▲ 4% |
| Total debts | € 45,442,159 | € 64,425,776 | € 86,841,004 | € 88,790,303 | ▲ 2% |
| Cash | € 3,240,419 | € 437,871 | € 342,847 | € 211,809 | ▼ 38% |
| Land & buildings | € 12,857,358 | € 22,275,986 | € 50,775,281 | € 53,621,097 | ▲ 6% |
| Retained profit | € 2,847,512 | € 3,154,422 | € 2,334,859 | € 4,280,322 | ▲ 83% |
| Bank debt | € 44,130,271 | € 63,978,312 | € 85,910,065 | € 88,172,712 | ▲ 3% |
| Balance sheet total | € 70,424,455 | € 84,813,572 | € 111,865,429 | € 114,680,940 | ▲ 3% |
| Employees (FTE) | 2.8 | 3.3 | 3.8 | 3.7 | ▼ 0.1 |
Key figures of LICENSE TO CONSTRUCT, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to LICENSE TO CONSTRUCT?
What happened at LICENSE TO CONSTRUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 1.8 million. Source: NBB ↗
- Gaëtan Vermeire became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 4.9 million profit in 2021 to € 1.8 million profit in 2024.
Paid € 425,886 in corporate taxes since 2021.
Best year ever: 2021, with € 4.9 million profit.
On average € 1.3 million of value added per employee in 2024.
A new publication or filing at LICENSE TO CONSTRUCT? 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 LICENSE TO CONSTRUCT is Gaëtan Vermeire. The shares are held by Capiva Plus Fund SCSp RAIF (65%) and Mathias Vandermeeren (35%). It owns 100% of Kontich Leasehold, 100% of De Colvenaer, 100% of License to Construct Nederland BV, 100% of Paepsem, 100% of Kontich Grond and 43.2% of Greenmile Sustainable Housing itself.
Directors
According to the 2024 annual accounts
Gaëtan Vermeire
Manager
Also active at: PAEPSEM, DE COLVENAER, KONTICH GROND, FIT CAPITAL PARTNERS, KONTICH LEASEHOLD
since 2018
Shareholders
Capiva Plus Fund SCSp RAIF
65%
Mathias Vandermeeren
35%
Participations
100%
100%
License to Construct Nederland BV
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Zuiderlaan 1-3
9000 Gent
Zuiderlaan 1-3 box 1
9000 Gent
Active since 12 March 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 21 companies are registered at this address.
All companies at this address →PAEPSEM same network
€ 788,648 revenue · 2025
DE COLVENAER same network
€ 126,511 revenue · 2025
remedent
€ 62,168 revenue · 2025
Condor Technologies
€ 14,615 revenue · 2024
Pexip Belgium
€ 1.4 million gross margin · 2025
+16 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
licensetoconstruct.com
Registered
2018-12-01
Registrar
Key-Systems GmbH
Expires
2026-12-01
Website info
Features
Security
Network
Details
- Company number
- 0841.841.125
- VAT number
- BE 0841.841.125
- Registered office
- Zuiderlaan 1-3, 9000 Gent
- Names & denominations
- LICENSE TO CONSTRUCT · L2C
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2011
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- licensetoconstruct.com
- Activities · NACE
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