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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Properties Plus from Pittem, company number BE0847441785, closed financial year 2025 with a result of € -34,927 after tax. For that financial year Properties Plus recorded a gross margin of € 56,068 and equity of € 296,073. Compared with financial year 2024, the result moved from € -70,469 to € -34,927. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 296,073
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,927
▲ 50 % less loss than in 2024
Profit after tax over the fiscal year.
€ 759,075
▲ € 606,921 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 196,073.
People and assets in 2025
€ 61,619
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 35% vs 2024
Loans from banks and other lenders, long and short.
€ 8,935
▲ € 8,697 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,052
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 | € -1,830 | € 185,189 | € -6,573 | € 56,068 | ▲ € 62,641 |
| Profit after taxes | € 17,847 | € 127,885 | € -70,469 | € -34,927 | ▲ € 35,542 |
| Equity | € 273,583 | € 401,469 | € 331,000 | € 296,073 | ▼ 11% |
| Total debts | € 1,188,525 | € 1,998,683 | € 2,040,204 | € 2,661,613 | ▲ 30% |
| Cash | € 618,872 | € 209,342 | € 152,153 | € 759,075 | ▲ € 606,921 |
| Land & buildings | - | - | - | € 1,011,372 | |
| Retained profit | € 173,583 | € 301,469 | € 231,000 | € 196,073 | ▼ 15% |
| Bank debt | € 1,041,646 | € 1,698,911 | € 1,708,267 | € 1,107,056 | ▼ 35% |
| Balance sheet total | € 1,462,109 | € 2,400,152 | € 2,371,204 | € 2,957,686 | ▲ 25% |
Key figures of Properties Plus, 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 Properties Plus?
What happened at Properties Plus in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 34,927. filed late Source: NBB ↗
- New establishment in Pittem. KBO
- Bob Monteyne became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 17,847 profit in 2022 to € 34,927 loss in 2025.
Paid € 45,241 in corporate taxes since 2022.
Best year ever: 2023, with € 127,885 profit.
Management
Behind Properties Plus is Bob Monteyne. It owns 50% of Padel Pittem itself.
Directors
According to the 2025 annual accounts
since 2012
Establishments
Establishment units
Physical locations of this company
Kapelleweg 25
8740 Pittem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0847.441.785
- VAT number
- BE 0847.441.785
- Registered office
- Kapelleweg 25, 8740 Pittem
- Names & denominations
- Properties Plus
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 July 2012
- Peppol
- Active · Active since 9 Feb 2026
- Activities · NACE
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