Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GOVPROP from Machelen (Brab.), company number BE0869915893, closed financial year 2025 with a result of € 334,726 after tax. For that financial year GOVPROP recorded a gross margin of € 3.4 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 1.4 million to € 334,726. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 2 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 334,726
▼ 77% vs 2024
Profit after tax over the fiscal year.
€ 352,841
▼ 42% 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 € -1.5 million.
People and assets in 2025
€ 403,855
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 30 million
€ 1.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 966,234
▲ 246% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 38,779
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 | € -8,270 | € -7,414 | € 1,572,347 | € 3,385,797 | ▲ 115% |
| Profit after taxes | € -8,376 | € -8,237 | € 1,435,581 | € 334,726 | ▼ 77% |
| Equity | € -3,246,330 | € -3,254,568 | € 1,662,413 | € 1,997,139 | ▲ 20% |
| Total debts | € 3,272,647 | € 3,271,594 | € 31,911,943 | € 31,536,733 | ▼ 1% |
| Cash | € 26,316 | € 17,026 | € 609,070 | € 352,841 | ▼ 42% |
| Land & buildings | - | - | € 32,965,286 | € 32,588,179 | ▼ 1% |
| Retained profit | € -3,264,930 | € -3,273,168 | € -1,837,587 | € -1,502,861 | ▲ € 334,726 |
| Bank debt | € 3,271,594 | € 3,271,594 | € 30,036,987 | € 30,016,108 | |
| Balance sheet total | € 26,316 | € 17,026 | € 33,574,356 | € 33,533,872 |
Key figures of GOVPROP, 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 GOVPROP?
What happened at GOVPROP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 334,726 (▼ 77% vs 2024). filed late Source: NBB ↗
- Rolf Nordstrom became a director. NBB
- Dominique Sturgess became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,376 loss in 2022 to € 334,726 profit in 2025.
Paid € 38,779 in corporate taxes since 2022.
Best year ever: 2024, with € 1.4 million profit.
A new publication or filing at GOVPROP? 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
Behind GOVPROP are Rolf Nordstrom and Dominique Sturgess. The same people are also behind Boulevard Conference & Services, LA TOUR DE FAGNOLLES, CM Towers and CM Land. Dominique Sturgess is also behind BOULEVARD TOWER.
Directors
According to the 2025 annual accounts
Rolf Nordstrom
Director
Also active at: Boulevard Conference & Services, LA TOUR DE FAGNOLLES, CM Towers, CM Land
since 2024
Dominique Sturgess
Director
Also active at: BOULEVARD TOWER, Boulevard Conference & Services, LA TOUR DE FAGNOLLES, CM Towers, CM Land
since 2024
Establishments
Establishment units
Physical locations of this company
Culliganlaan 2
1831 Machelen (Brab.)
Bolwerklaan 15 box 2
1210 Sint-Joost-ten-Node
Active since 9 November 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →VERIZON TERREMARK
BIOGEN BELGIUM
€ 84.7 million revenue · 2025
BOULEVARD TOWER same network
€ -17,858 gross margin · 2025
QuantIM
€ 347 gross margin · 2025
BrightWolves
€ 4.1 million gross margin · 2025
+11 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
- 0869.915.893
- VAT number
- BE 0869.915.893
- Registered office
- Culliganlaan 2, 1831 Machelen (Brab.)
- Names & denominations
- GOVPROP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 November 2004
- Peppol
- Active · Active since 16 Jan 2026