Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Friendship E from Antwerpen, company number BE0881202933, closed financial year 2025 with a result of € 106,357 after tax. For that financial year Friendship E recorded a gross margin of € 13,951 and equity of € -6.4 million. Compared with financial year 2024, the result moved from € -1.6 million to € 106,357. Profitable, and profit is growing. 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 15, 2026.
€ -6.4 million
▲ € 106,357 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 106,357
▲ still € 1.6 million loss in 2024
Profit after tax over the fiscal year.
€ 59,045
▼ 13% 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 € -6.7 million.
Debts at end 2025
€ 20 million
▲ 32% vs 2024
Loans from banks and other lenders, long and short.
€ 4,235
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 40,517 | € -163,814 | € -26,698 | € 13,951 | ▲ € 40,649 |
| Profit after taxes | € -1,340,103 | € -1,546,910 | € -1,578,743 | € 106,357 | ▲ € 1.7 million |
| Equity | € -3,355,283 | € -4,902,194 | € -6,480,936 | € -6,374,579 | ▲ € 106,357 |
| Total debts | € 16,355,462 | € 16,059,751 | € 17,068,947 | € 20,019,183 | ▲ 17% |
| Cash | € 402,797 | € 16,422 | € 67,968 | € 59,045 | ▼ 13% |
| Land & buildings | € 11,305,256 | € 10,683,593 | € 10,067,037 | - | |
| Retained profit | € -3,666,783 | € -5,213,694 | € -6,792,436 | € -6,686,079 | ▲ € 106,357 |
| Bank debt | € 16,205,000 | € 15,325,000 | € 15,105,000 | € 19,990,000 | ▲ 32% |
| Balance sheet total | € 13,000,178 | € 11,157,557 | € 10,588,010 | € 13,644,603 | ▲ 29% |
Key figures of Friendship E, 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 Friendship E?
What happened at Friendship E in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Robinia BV stepped down as director. NBB
- Domest BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 106,357. Source: NBB ↗
- Mozes Spitzer stepped down as director. NBB
- Crescenza BV stepped down as director. NBB
- Robinia BV became a director. NBB
- Mozes Spitzer became a director. NBB
- Crescenza BV became a director. NBB
In short
From € 1.3 million loss in 2022 to € 106,357 profit in 2025.
Best year ever: 2025, with € 106,357 profit.
A new publication or filing at Friendship E? 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 Friendship Development comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Friendship EThe shares are held by Friendship Development (100%).
Directors
According to the 2025 annual accounts
Gedelegeerd bestuurder · represented by Peter Leyssens
Also active at: RINKKAAI, KALVENNE, Piper, Spitfire, Bergesteyn, The Quint, JNS Betonboringen, SOUVERAIN 23 LAND +11 more
since 2021 · until 2027
Gedelegeerd bestuurder · represented by Jurgen Van Bogaert
Also active at: RINKKAAI, KALVENNE, Mollitiam, Piper, Spitfire, Bergesteyn, The Quint, SOUVERAIN 23 LAND +11 more
since 2021 · until 2027
since 2021 · until 2025
Bestuurder · represented by Serge Musch
Also active at: PAN-ONTWIKKELING, YouStone LandBank, PANINVEST, Friendship Development, Friendship T
since 2021 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 176
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Cores Rental Service
€ 29,384 gross margin · 2025
KALVENNE same network
€ 78,476 gross margin · 2025
The Quint same network
€ -1,825 gross margin · 2025
C-HIVE same network
€ -18,531 gross margin · 2025
Osteoworks
€ -4,581 gross margin · 2025
+7 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
- 0881.202.933
- VAT number
- BE 0881.202.933
- Registered office
- Mechelsesteenweg 176, 2018 Antwerpen
- Names & denominations
- Friendship E
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 2006
- Peppol
- Active · Active since 9 Oct 2025