Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
IMMO FEEST EN CULTUURPALEIS OOSTENDE from Elsene, company number BE0882845005, closed financial year 2024 with a result of € -413,580 after tax. For that financial year IMMO FEEST EN CULTUURPALEIS OOSTENDE recorded revenue of € 1.3 million and equity of € 14.3 million. Compared with financial year 2023, the result moved from € -293,564 to € -413,580. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2025.
€ 14.3 million
▼ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -413,580
▼ 41 % more loss than in 2023
Profit after tax over the fiscal year.
€ 2.1 million
▲ 53% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
Debts at end 2024
€ 10 million
Loans from banks and other lenders, long and short.
€ 354,427
▲ 112% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 232 days on average.
€ 25,256
▲ 40% 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 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 1,333,729 | € 1,213,462 | € 1,419,498 | € 1,263,785 | ▼ 11% |
| Profit after taxes | € -480,421 | € -552,419 | € -293,564 | € -413,580 | ▼ € 120,016 |
| Equity | € 15,529,698 | € 14,977,279 | € 14,683,716 | € 14,270,136 | ▼ 3% |
| Total debts | € 12,430,259 | € 11,608,074 | € 10,536,407 | € 10,693,008 | ▲ 1% |
| Cash | € 2,670,474 | € 1,629,779 | € 1,403,968 | € 2,141,119 | ▲ 53% |
| Land & buildings | € 24,828,449 | € 23,851,378 | € 22,861,227 | € 21,935,447 | ▼ 4% |
| Retained profit | € -839,027 | € -1,391,446 | € -1,685,009 | € -2,098,589 | ▼ € 413,580 |
| Bank debt | € 12,000,000 | € 11,000,000 | € 10,000,000 | € 10,000,000 | |
| Balance sheet total | € 27,959,957 | € 26,585,353 | € 25,220,122 | € 24,963,143 | ▼ 1% |
Key figures of IMMO FEEST EN CULTUURPALEIS OOSTENDE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to IMMO FEEST EN CULTUURPALEIS OOSTENDE?
What happened at IMMO FEEST EN CULTUURPALEIS OOSTENDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Laurence Simillion stepped down as director. NBB
- Marc Gärtner stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 413,580. filed late Source: NBB ↗
- Alex Hugo Ceusters stepped down as director. NBB
- Laurence Simillion became a director. NBB
- Marc Gärtner became a director. NBB
- Alex Hugo Ceusters became a director. NBB
- New establishment in Brussel. KBO
In short
From € 480,421 loss in 2021 to € 413,580 loss in 2024.
Paid € 13,661 in corporate taxes since 2021.
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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 Union Investment Institutional Property GmbH - Belgian Branch (100%) and Defo Immobilienfonds 1 V GmbH (0%).
Directors
According to the 2024 annual accounts
Alex Hugo Ceusters
Director
since 2019 · until 2025
Laurence Simillion
Director
since 2024 · until 2030
Marc Gärtner
Director
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Elsene
Montoyerstraat 10
1000 Brussel
Active since 3 August 2006
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0882.845.005
- VAT number
- BE 0882.845.005
- Registered office
- Louizalaan 54, 1050 Elsene
- Names & denominations
- IMMO FEEST EN CULTUURPALEIS OOSTENDE · IFCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 August 2006
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed