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 3 of the last 4 fiscal years.
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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 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TOWER BEL from Sint-Gillis (bij-Brussel), company number BE0866326794, closed financial year 2025 with a result of € -1.5 million after tax. For that financial year TOWER BEL recorded a gross margin of € 5.3 million and equity of € -2.3 million. Compared with financial year 2024, the result moved from € -1.4 million to € -1.5 million. The company made a loss. 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 June 22, 2026.
€ -2.3 million
▼ € 1.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.5 million
▼ 3 % more loss than in 2024
Profit after tax over the fiscal year.
€ 634,147
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.5 million.
Debts at end 2025
€ 44.4 million
▼ 4% vs 2024
€ 1.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 24 years.
€ 334,511
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 527,838
▲ € 516,245 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 | |
|---|---|---|---|---|---|
| Gross margin | € 4,733,035 | € 5,319,798 | € 5,217,901 | € 5,265,847 | ▲ 1% |
| Profit after taxes | € 385,403 | € -1,221,182 | € -1,415,631 | € -1,461,469 | ▼ € 45,839 |
| Equity | € 548,796 | € -672,385 | € -838,016 | € -2,299,485 | ▼ € 1.5 million |
| Total debts | € 52,225,175 | € 51,066,655 | € 48,986,693 | € 47,651,290 | ▼ 3% |
| Cash | € 939,239 | € 351,845 | € 554,597 | € 634,147 | ▲ 14% |
| Land & buildings | € 48,853,563 | € 46,136,648 | € 43,696,435 | € 40,954,591 | ▼ 6% |
| Retained profit | € -451,204 | € -1,672,385 | € -3,088,016 | € -4,549,485 | ▼ € 1.5 million |
| Bank debt | € 50,000,000 | € 48,270,000 | € 46,240,000 | € 44,360,000 | ▼ 4% |
| Balance sheet total | € 52,773,972 | € 50,394,269 | € 48,148,677 | € 45,351,805 | ▼ 6% |
Key figures of TOWER BEL, 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 TOWER BEL?
What happened at TOWER BEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frédéric Van Der Planken stepped down as director. NBB
- Tobias Schwagten stepped down as director. NBB
- HLSC BV stepped down as director. NBB
- Real Value Management BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.5 million. Source: NBB ↗
- Frédéric Van Der Planken became a director. NBB
- Tobias Schwagten became a director. NBB
- HLSC BV became a director. NBB
In short
From € 385,403 profit in 2022 to € 1.5 million loss in 2025.
Best year ever: 2022, with € 385,403 profit.
A new publication or filing at TOWER BEL? 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 shares are held by Alides REIM NV (50%), Cityforward (49%) and Alides Properties (1%).
Directors
According to the 2025 annual accounts
Frédéric Van Der Planken
Director
Also active at: CITYZEN HOTEL, Cityzen Residence, CITYZEN OFFICE, Whitewood AIFM
since 2022 · until 2028
Tobias Schwagten
Director
Also active at: WHITEWOOD INVESTORS, CECE, Romeo Property 2, Romeo Property 1, Regent Property 2, Regent Property 3, Regent Property 4, Regent Property 1 +5 more
since 2022 · until 2028
Director · represented by Henk Cardon
Also active at: Alides Land, Building Hotel Maes, ALIDES PROPERTIES, ALIDES BOULEVARD, Advanced Computer Systems Technics, INVESTPOOL, INVESTERA, ESPACE BELLIARD +29 more
since 2022 · until 2028
Director · represented by Rikkert Leeman
Also active at: Alides Land, Building Hotel Maes, ALIDES PROPERTIES, ALIDES BOULEVARD, Advanced Computer Systems Technics, INVESTPOOL, INVESTERA, ESPACE BELLIARD +31 more
since 2022 · until 2028
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Berckmansstraat 128
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0866.326.794
- VAT number
- BE 0866.326.794
- Registered office
- Berckmansstraat 128, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- TOWER BEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 July 2004
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
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