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 4 of the last 4 fiscal years.
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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
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BRUSSELS URBAN INVEST from Ieper, company number BE0845471695, closed financial year 2025 with a result of € 461,387 after tax. For that financial year BRUSSELS URBAN INVEST recorded a gross margin of € 1.4 million and equity of € -7.1 million. Compared with financial year 2024, the result moved from € -1.8 million to € 461,387. Profitable, and profit is growing. 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 October 1, 2026.
€ -7.1 million
▲ € 461,387 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 461,387
▲ still € 1.8 million loss in 2024
Profit after tax over the fiscal year.
€ 5,332
▼ 34% 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 € -14.7 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 749,115
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3.2 million
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -290,562 | € -659,798 | € -574,525 | € 1,443,396 | ▲ € 2 million |
| Profit after taxes | € -1,013,163 | € -1,760,134 | € -1,837,260 | € 461,387 | ▲ € 2.3 million |
| Equity | € -3,940,618 | € -5,700,752 | € -7,538,012 | € -7,076,625 | ▲ € 461,387 |
| Total debts | € 17,724,460 | € 19,624,090 | € 21,162,206 | € 7,115,259 | ▼ 66% |
| Cash | € 2,442 | € 317,443 | € 8,019 | € 5,332 | ▼ 34% |
| Land & buildings | € 456,228 | € 441,782 | € 427,337 | - | |
| Retained profit | € -11,590,618 | € -13,350,752 | € -15,188,012 | € -14,726,625 | ▲ € 461,387 |
| Bank debt | € 9,095,000 | € 16,764,591 | € 9,008,624 | € 0 | ▼ 100% |
| Balance sheet total | € 13,783,842 | € 13,923,337 | € 13,624,193 | € 38,634 | ▼ € 13.6 million |
Key figures of BRUSSELS URBAN INVEST, 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 BRUSSELS URBAN INVEST?
What happened at BRUSSELS URBAN INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Opus Terrae BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 461,387. filed late Source: NBB ↗
- Ghemic BV became a director. NBB
- Opus Terrae BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Ieper. KBO
In short
From € 1 million loss in 2022 to € 461,387 profit in 2025.
Best year ever: 2025, with € 461,387 profit.
Management
The stake of GHELAMCO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BRUSSELS URBAN INVESTBehind BRUSSELS URBAN INVEST is Ghemic BV. The shares are held by GHELAMCO INVEST (100%).
Directors
According to the 2025 annual accounts
Director · represented by Michael Gheysens
Also active at: R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, SOGIMES, IMMOBILIERE NORTH SEA PROPERTIES, THE WHITE HOUSE ZOUTE, STEELCON, BELGIAN TRADING COMPANY +44 more
since 2025
Managing director · represented by Paul Gheysens
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, THE WHITE HOUSE ZOUTE, M. VAN STEENWINKEL, SAFE HOLDING BELGIUM, Zeewind +22 more
since 2025 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zwaanhofweg 10
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →R.H.R. - INDUSTRIES same network
€ 233,316 gross margin · 2025
GARAGE S.O.S. same network
€ -8,977 gross margin · 2025
GHELAMCO
€ 549,961 revenue · 2024
GHELAMCO INVEST same network
€ 38.6 million revenue · 2025
SOGIMES same network
€ 4.7 million gross margin · 2025
+74 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
- 0845.471.695
- VAT number
- BE 0845.471.695
- Registered office
- Zwaanhofweg 10, 8900 Ieper
- Names & denominations
- BRUSSELS URBAN INVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 April 2012
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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