Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SOUTH GROUP from Zaventem, company number BE0845292642, closed financial year 2025 with a result of € 74,860 after tax. For that financial year SOUTH GROUP recorded a gross margin of € 199,146 and equity of € 529,384. Compared with financial year 2024, the result moved from € 76,784 to € 74,860. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2025.
€ 529,384
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 74,860
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 41,723
▲ € 37,178 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 510,784.
People and assets in 2025
€ 3,000
▼ 24% vs 2024
Of which on lease € 197.
Debts at end 2025
€ 97,589
▼ 12% vs 2024
€ 13,308 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 13,275
▲ 118% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,204
▼ 64% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 63,976 | € 367,036 | € 209,222 | € 199,146 | ▼ 5% |
| Profit after taxes | € -179,432 | € 151,683 | € 76,784 | € 74,860 | ▼ 3% |
| Equity | € 226,057 | € 377,740 | € 454,524 | € 529,384 | ▲ 16% |
| Total debts | € 582,234 | € 558,585 | € 681,164 | € 623,631 | ▼ 8% |
| Cash | € 258,444 | € 19,244 | € 4,545 | € 41,723 | ▲ € 37,178 |
| Land & buildings | € 494,045 | € 879,265 | € 1,067,480 | € 1,032,332 | ▼ 3% |
| Retained profit | € 207,457 | € 359,140 | € 435,924 | € 510,784 | ▲ 17% |
| Bank debt | € 137,513 | € 124,205 | € 110,897 | € 97,589 | ▼ 12% |
| Balance sheet total | € 808,291 | € 950,502 | € 1,149,429 | € 1,166,318 | ▲ 1% |
Key figures of SOUTH GROUP, 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 October 2026.
What happened to SOUTH GROUP?
What happened at SOUTH GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 74,860 (▼ 3% vs 2024). Source: NBB ↗
- Olivier Capelle became a director. NBB
- New establishment in Evere. KBO
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 179,432 loss in 2022 to € 74,860 profit in 2025.
Paid € 123,195 in corporate taxes since 2022.
Best year ever: 2023, with € 151,683 profit.
A new publication or filing at SOUTH GROUP? 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 SOUTH GROUP is Olivier Capelle. It owns 50% of IMH IMMO itself.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Felix Timmermanslaan 34
1933 Zaventem
Oud-Strijderslaan 85 box 65
1140 Evere
Active since 18 September 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0845.292.642
- VAT number
- BE 0845.292.642
- Registered office
- Felix Timmermanslaan 34, 1933 Zaventem
- Names & denominations
- SOUTH GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 2012
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
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