Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
85 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Despiegelaere Projects from Kortrijk, company number BE0865360853, closed financial year 2025 with a result of € 4 million after tax. For that financial year Despiegelaere Projects recorded a gross margin of € -448,180 and equity of € 29.9 million. Compared with financial year 2023, the result moved from € 1.8 million to € 4 million. Profitable, and profit is growing. 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 July 15, 2026.
€ 29.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4 million
▲ 128% vs 2023
Profit after tax over the fiscal year.
€ 34,556
▼ 82% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 2.4 million paid out
60 % of the profit went to the shareholders, mostly to Spinvest Group (100 % of the shares). That is where the money ends up.
People and assets in 2025
€ 6,045
▼ 48% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 7.5 million
▲ 47% vs 2023
Loans from banks and other lenders, long and short.
€ 74,516
▲ 103% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 140,241
▲ € 134,265 vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 5,218,226 | € -142,745 | € -187,154 | € -448,180 | ▼ € 261,026 |
| Profit after taxes | € 6,174,884 | € 1,232,326 | € 1,766,614 | € 4,021,403 | ▲ 128% |
| Equity | € 26,742,654 | € 27,974,981 | € 29,741,595 | € 29,879,756 | |
| Total debts | € 7,668,526 | € 7,413,660 | € 6,158,361 | € 11,695,387 | ▲ 90% |
| Cash | € 340,856 | € 769,001 | € 195,982 | € 34,556 | ▼ 82% |
| Retained profit | € 22,984,493 | € 24,216,819 | € 25,983,433 | € 26,121,595 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 2,400,000 | |
| Bank debt | € 7,016,304 | € 6,722,935 | € 5,073,105 | € 7,454,054 | ▲ 47% |
| Balance sheet total | € 34,411,180 | € 35,388,641 | € 35,899,955 | € 41,575,143 | ▲ 16% |
Key figures of Despiegelaere Projects, fiscal years 2021 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 Despiegelaere Projects?
What happened at Despiegelaere Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 4 million (▲ 128% vs 2023). Source: NBB ↗
- Spinvest Group NV became a director. NBB
- Siska Dedeyne became a director. NBB
- Staere COMMV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 6.2 million profit in 2021 to € 4 million profit in 2025.
Paid € 23,288 in corporate taxes since 2021.
Best year ever: 2021, with € 6.2 million profit.
Paid out € 2.4 million in dividends to the owners in total.
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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 Spinvest Group comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Despiegelaere ProjectsBehind Despiegelaere Projects are Spinvest Group NV, Siska Dedeyne and Staere COMMV. The shares are held by Spinvest Group (100%). It owns 100% of Denneduin, 99% of Despiegelaere promotions, 35% of Solar system management, 33.3% of Roof.fin, 28.4% of Artelco and 27.8% of Zandvoorde green invest itself.
Directors
According to the 2025 annual accounts
Director · represented by Despiegelaere Arthur Luc T
since 2024
since 2024
since 2024
Shareholders
100%
Participations
100%
33.3%
28.4%
27.8%
Real Energy petit palais
20%
Establishments
Establishment units
Physical locations of this company
Beneluxpark(Kor) 26 box .0002
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 85 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0865.360.853
- VAT number
- BE 0865.360.853
- Registered office
- Beneluxpark(Kor) 26 bus .0002, 8500 Kortrijk
- Names & denominations
- Despiegelaere Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 2004
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- kortrijkbusinesspark.be
- Activities · NACE
Activiteiten van holdings
Holdings
Ontwikkeling van residentiële bouwprojecten