Active · per the CBE, 16 September 2026

NJR INVEST

BE0883386522

Rechtspersoon Public limited company 1 establishment

NJR INVEST is an asset manager in Watermaal-Bosvoorde. Public Limited, started on 7 September 2006, 1 establishment.

Terhulpsesteenweg 181 box 10, 1170 Watermaal-Bosvoorde

Active for

20 year

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 2024 and 2025.

  • Tight liquidity NBB

    Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.

  • Busy address KBO

    84 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

NJR INVEST from Watermaal-Bosvoorde, company number BE0883386522, closed financial year 2025 with a result of € -5 million after tax. For that financial year NJR INVEST recorded revenue of € 14,500 and equity of € 490.9 million. Compared with financial year 2024, the result moved from € -8.5 million to € -5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.

What it is worth Healthy

€ 490.9 million

▼ 1% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -5 million

▲ 41 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6.1 million

▼ 89% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 101.9 million.

People and assets in 2025

Full-time equivalents

2

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 682,394

▼ 9% vs 2024

€ 341,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 20,554

▼ 12% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 38.6 million

▲ 54% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 247,927

▲ € 207,526 vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 185 days on average.

Taxes and wages

€ 2.4 million

▲ 19% vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Revenue € 14,500 € 14,500 € 14,500 € 14,500
Profit after taxes € 10,146,511 € -8,006,644 € -8,461,604 € -5,028,026 ▲ € 3.4 million
Equity € 512,383,035 € 504,376,390 € 495,914,786 € 490,886,760 ▼ 1%
Total debts € 1,613,928,356 € 1,712,854,496 € 1,953,631,687 € 2,095,319,977 ▲ 7%
Cash € 5,495,970 € 10,882,684 € 55,903,354 € 6,131,430 ▼ 89%
Land & buildings € 1,334,255 € 1,283,939 € 1,233,623 € 1,183,307 ▼ 4%
Retained profit € 123,383,035 € 115,376,390 € 106,914,786 € 101,886,760 ▼ 5%
Dividend € 9,639,186 € 0 € 0 € 0
Bank debt € 46,881,632 € 56,363,821 € 25,094,104 € 38,566,762 ▲ 54%
Balance sheet total € 2,126,311,391 € 2,217,230,887 € 2,449,546,474 € 2,586,206,738 ▲ 6%
Employees (FTE) 2 2 2 2

Key figures of NJR INVEST, 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 NJR INVEST?

What happened at NJR INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • Gilles Parone stepped down as director. NBB
  • New annual accounts for financial year 2025: loss of € 5 million. Source: NBB ↗
  • Agnès Ciron-Cavoizy stepped down as director. NBB
  • Olivier Fouchet stepped down as director. NBB
  • Steve Gentili stepped down as director. NBB
  • Alain Santmarty stepped down as director. NBB
  • Patrick Vercauteren Drubbel stepped down as director. NBB
  • Agnès Ciron-Cavoizy became a director. NBB

In short

From € 10.1 million profit in 2022 to € 5 million loss in 2025.

Paid € 22.2 million in corporate taxes since 2022.

Best year ever: 2022, with € 10.1 million profit.

Paid out € 9.6 million in dividends to the owners in total.

Management

NJR INVEST
EPBF 99%

It owns 100% of IRR Invest, 99% of Iliade I and 99% of EPBF itself.

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Directors

According to the 2025 annual accounts

Olivier Fouchet

Director

Also active at: WEYDEN VII, AURORA CAPITAL, SMTM II, VAN EYCK INVESTISSEMENTS I, SMTM IV, SMTM V, SMTM VI, SMTM VII +1 more

since 2021 · until 2026

Agnès Ciron-Cavoizy

Director

Also active at: IRR INVEST, EPBF

since 2025 · until 2026

Steve Gentili

Director

Also active at: IRR INVEST, EPBF

since 2021 · until 2026

Baltasar Gonzalez-Collado

Director

Also active at: IRR INVEST, AURORA CAPITAL, ILIADE I, EPBF

since 2021 · until 2025

Alain Santmarty

Director

Also active at: IRR INVEST

since 2021 · until 2026

Patrick Vercauteren Drubbel

Director

Also active at: COMPAGNIE FINANCIERE DE LA CASCADE, IRR INVEST, EPBF

since 2021 · until 2026

Gilles Parone

Director

since 2024 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Terhulpsesteenweg 181 box 10

1170 Watermaal-Bosvoorde

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0883.386.522
VAT number
BE 0883.386.522
Registered office
Terhulpsesteenweg 181 bus 10, 1170 Watermaal-Bosvoorde
Names & denominations
NJR INVEST
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Normale toestand
Start date
7 September 2006
Peppol
Active · Active since 23 Jun 2025
Activities · NACE

Vermogensbeheer

Overige financiële dienstverlening, neg

Frequently asked questions

What does NJR INVEST do?
NJR INVEST is an asset manager in Watermaal-Bosvoorde. Public Limited, started on 7 September 2006, 1 establishment.
What is the address of NJR INVEST?
The registered office of NJR INVEST is located at Terhulpsesteenweg 181 box 10, 1170 Watermaal-Bosvoorde.
Is NJR INVEST still active?
Yes. According to the CBE (16 September 2026) NJR INVEST is active, legal situation “Normale toestand”, started on 7 September 2006.
Is NJR INVEST registered on Peppol?
Yes, NJR INVEST is registered on the Peppol network with ID 0208:0883386522.
What is the enterprise number of NJR INVEST?
The enterprise number of NJR INVEST is BE0883386522.
When was NJR INVEST founded?
NJR INVEST was founded on 7 September 2006.