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.
Financials
Financial year 2025
FAIR ESTATE from Elsene, company number BE0845412210, closed financial year 2025 with a result of € -480,209 after tax. For that financial year FAIR ESTATE recorded a gross margin of € -381,745 and equity of € 3.4 million. Compared with financial year 2024, the result moved from € -374,785 to € -480,209. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 29, 2026.
€ 3.4 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -480,209
▼ 28 % more loss than in 2024
Profit after tax over the fiscal year.
€ 141,633
▲ € 109,123 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.1 million.
People and assets in 2025
1
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 73,589
▼ 3% vs 2024
€ 73,600 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.
€ 33,040
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 590,669
€ 556,000 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 57,923
▼ 50% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,429
▲ € 8,418 vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -136,851 | € -128,919 | € -316,195 | € -381,745 | ▼ € 65,550 |
| Profit after taxes | € -84,650 | € -139,266 | € -374,785 | € -480,209 | ▼ € 105,424 |
| Equity | € 4,396,551 | € 4,256,021 | € 3,881,236 | € 3,392,027 | ▼ 13% |
| Total debts | € 424,551 | € 998,579 | € 1,401,862 | € 3,680,009 | ▲ 163% |
| Cash | € 1,066,937 | € 545,528 | € 32,510 | € 141,633 | ▲ € 109,123 |
| Land & buildings | € 46,984 | € 48,801 | € 57,863 | € 59,606 | ▲ 3% |
| Retained profit | € -103,449 | € -250,979 | € -625,764 | € -1,107,973 | ▼ € 482,209 |
| Bank debt | € 0 | € 34,669 | € 590,669 | € 590,669 | |
| Balance sheet total | € 4,821,103 | € 5,254,600 | € 5,283,098 | € 7,072,036 | ▲ 34% |
| Employees (FTE) | - | 1 | 1.1 | 1 | ▼ 0.1 |
Key figures of FAIR ESTATE, 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 FAIR ESTATE?
What happened at FAIR ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DELTO SRL stepped down as director. NBB
- DELDEV SRL stepped down as director. NBB
- Jean-Jacques DELENS stepped down as director. NBB
- Zou2 SRL stepped down as director. NBB
- Edouard HERINCKX stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 480,209. Source: NBB ↗
- Agnès CALLEWAERT stepped down as director. NBB
- Olivier DELENS stepped down as director. NBB
In short
From € 84,650 loss in 2022 to € 480,209 loss in 2025.
Paid € 318 in corporate taxes since 2022.
A new publication or filing at FAIR ESTATE? 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 ROGLINE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FAIR ESTATEThe shares are held by ROGLINE (100%). It owns 100% of FAIR ESTATE FRANCE and 90% of FAIR ESTATE LUXEMBOURG itself.
Directors
According to the 2025 annual accounts
Agnès CALLEWAERT
Administratrice
· until 2026
· until 2031
Director · represented by Sophie LAMBRIGHS
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, La Tourmaline, ELYX, Eaglestone Services, FONCIERE DU SOUVERAIN, VIC-WIN, HAMOIR 14, BEMAP IMMO +34 more
· until 2028
Jean-Jacques DELENS
Director
Also active at: CAPIMMO 7, ManCo Investment Company Plus, BePharBel Manufacturing, ManCo Investment Company SRL
· until 2031
Olivier DELENS
Director
· until 2026
Edouard HERINCKX
Director
Also active at: CASORODA, Thomas & Piron RENOVATION, Coeur de Ville, Bureau Cauchy C, UNIPARK, Pilatus Six, RESILIS, ASTY MOULIN PROPERTIES +4 more
· until 2028
Shareholders
100%
Participations
FAIR ESTATE FRANCE
100%
FAIR ESTATE LUXEMBOURG
90%
Establishments
Establishment units
Physical locations of this company
Louizalaan 251
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Agrer
€ 7.1 million revenue · 2025
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€ 498,372 gross margin · 2025
Société de Transactions Immobilières et de Constructions
€ 2.3 million revenue · 2025
Comentri
€ 16,789 gross margin · 2025
SOMIBA
€ 463,349 gross margin · 2025
+3 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
- 0845.412.210
- VAT number
- BE 0845.412.210
- Registered office
- Louizalaan 251, 1050 Elsene
- Names & denominations
- FAIR ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 April 2012
- Peppol
- Active · Active since 4 Nov 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Overige zakelijke dienstverlening, neg
Handel in eigen onroerend goed