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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
PORTOFINO GROUP from Antwerpen, company number BE0847632916, closed financial year 2025 with a result of € -338,149 after tax. For that financial year PORTOFINO GROUP recorded revenue of € 351,082 and equity of € 5.9 million. Compared with financial year 2024, the result moved from € 129,009 to € -338,149. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2026.
€ 5.9 million
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -338,149
▼ still € 129,009 profit in 2024
Profit after tax over the fiscal year.
€ 1,163
▼ 95% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2 million.
Debts at end 2025
€ 12.6 million
€ 185,998 is repaid this year. At this pace the long-term loan is gone in ≈ 68 years.
€ 45,793
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.
€ 12,234
▼ 82% 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 | |
|---|---|---|---|---|---|
| Revenue | € 2,176,700 | € 1,984,800 | € 733,455 | € 351,082 | ▼ 52% |
| Profit after taxes | € 1,519,897 | € 1,302,451 | € 129,009 | € -338,149 | ▼ € 467,158 |
| Equity | € 4,829,055 | € 6,131,506 | € 6,260,515 | € 5,922,366 | ▼ 5% |
| Total debts | € 16,317,603 | € 15,410,893 | € 15,122,038 | € 15,114,669 | |
| Cash | € 16,474 | € 775 | € 21,724 | € 1,163 | ▼ 95% |
| Retained profit | € 904,055 | € 2,206,506 | € 2,335,515 | € 1,997,366 | ▼ 14% |
| Bank debt | € 12,837,574 | € 12,767,429 | € 12,698,478 | € 12,635,699 | |
| Balance sheet total | € 21,146,657 | € 21,542,399 | € 21,382,553 | € 21,037,035 | ▼ 2% |
Key figures of PORTOFINO 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 July 2027.
What happened to PORTOFINO GROUP?
What happened at PORTOFINO GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- GUY MERTENS stepped down as director. NBB
- ARIOS BV stepped down as director. NBB
- VAN DE VEN BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 338,149 (▼ € 467,158 vs 2024). filed late Source: NBB ↗
- AVALOR BV stepped down as director. NBB
- GUY MERTENS became a director. NBB
- ARIOS BV became a director. NBB
- AVALOR BV became a director. NBB
In short
From € 1.5 million profit in 2022 to € 338,149 loss in 2025.
Paid € 102,951 in corporate taxes since 2022.
Best year ever: 2022, with € 1.5 million profit.
Pays suppliers within 50 days on average.
A new publication or filing at PORTOFINO 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
The stake of ARTIMO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PORTOFINO GROUPThe shares are held by ARTIMO INVEST (9.5%). It owns 100% of Vanhaverbeke and 100% of Raamwinkel itself.
Directors
According to the 2025 annual accounts
GUY MERTENS
Director
Also active at: BUYSSE & PARTNERS SMART ASSETS, Vanhaverbeke, S.A.F.I.A., ANTOM BEHEER, BOUWCOÖRDINATIE, PROOST BEHEER, M - VENTURES, FL KWADRAAT +16 more
since 2025 · until 2031
since 2025 · until 2031
Director · represented by Michiel Avontuur
Also active at: BALAK INDUSTRIES, V.B. LOGISTICS, BALAK COATINGS, BARDOLINO INVEST, Construct Materials Group, HERCULES INVEST, Balak Fences
since 2025 · until 2025
since 2025 · until 2031
Director · represented by Johan Buyle
Also active at: VIVALDIS CONSTRUCT, VIVALDIS INTERIM, LA FONCIERE DE WATERMAEL, Copus International, SEAL RECRUITMENT, Heads&Hunters, COPUS GROUP, NEW VISION +12 more
since 2023 · until 2025
Shareholders
9.5%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Jan Van Rijswijcklaan 162/1
2020 Antwerpen
Jan Van Rijswijcklaan 162 box 1
2020 Antwerpen
Active since 24 July 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →BUYSSE & PARTNERS SMART ASSETS same network
€ 2.5 million gross margin · 2025
Buysse & Partners Holding same network
€ 377,487 gross margin · 2025
LeftBank Invest
ADMINISTRATIEKANTOOR TWIKIT
ADMINISTRATIEKANTOOR ELBA INTERNATIONAL
+9 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
- 0847.632.916
- VAT number
- BE 0847.632.916
- Registered office
- Jan Van Rijswijcklaan 162/1, 2020 Antwerpen
- Names & denominations
- PORTOFINO GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2012
- Peppol
- Not registered
- Activities · NACE
Activiteiten van holdings
Holdings