What does Commerce 123 do?

Commerce 123 is filed with the CBE under the catch-all “Overige zakelijke dienstverlening”, a code that says little about what the company actually does. Public Limited, started on 17 November 2006, 1 establishment.

What is the address of Commerce 123?

The registered office of Commerce 123 is located at Vorstlaan 25 box 9, 1170 Watermaal-Bosvoorde.

Is Commerce 123 still active?

Yes. According to the CBE (29 October 2026) Commerce 123 is active, legal situation “Normale toestand”, started on 17 November 2006.

Is Commerce 123 registered on Peppol?

Yes, Commerce 123 is registered on the Peppol network with ID 0208:0885073332.

What is the enterprise number of Commerce 123?

The enterprise number of Commerce 123 is BE0885073332.

When was Commerce 123 founded?

Commerce 123 was founded on 17 November 2006.

Who are the directors of Commerce 123?

According to the 2025 annual accounts, the directors of Commerce 123 are: Erlinde Eeman Management SRL, ML Business partner SRL, THALES Management s.r.l., MHCT, Thibault RELECOM.

Is Commerce 123 a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 17 November 2006; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did Commerce 123 make in 2025?

Commerce 123 recorded a loss after taxes of € 112,241 in financial year 2025.

What is the revenue of Commerce 123?

In its most recent annual accounts (2025), Commerce 123 reported revenue of € 719,475.

Commerce 123 (Public Limited) - Watermaal-Bosvoorde

Dossier Commerce 123, printed on 29 October 2026 from databakkes.be/en/0885073332/commerce-123. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 5 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

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

Financials

Financial year 2025

Commerce 123 from Watermaal-Bosvoorde, company number BE0885073332, closed financial year 2025 with a result of € -112,241 after tax. For that financial year Commerce 123 recorded revenue of € 719,475 and equity of € 3.7 million. Compared with financial year 2024, the result moved from € -11,508 to € -112,241. 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 29, 2026.

What it is worth Healthy

€ 3.7 million

▼ 3% vs 2024

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

Loss Caution

€ -112,241

▼ 875 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 39,761

▼ 78% 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 € -5 million.

Debts at end 2025

Bank debt ≈ 12 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 4.4 million

▼ 8% vs 2024

€ 375,000 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.

Owed to suppliers

€ 426,543

▲ 39% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 457 days on average.

Taxes

€ 9,740

▲ 219% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 635,599 Revenue 2022: € 635,599 First fiscal year in the series	€ 694,584 Revenue 2023: € 694,584 ▲ 9% vs 2022 (€ 635,599) Favourable step	€ 734,059 Revenue 2024: € 734,059 ▲ 6% vs 2023 (€ 694,584) Favourable step	€ 719,475 Revenue 2025: € 719,475 ▼ 2% vs 2024 (€ 734,059) Unfavourable step	▼ 2%
Profit after taxes	€ -35,539 Profit after taxes 2022: € -35,539 First fiscal year in the series	€ -20,064 Profit after taxes 2023: € -20,064 ▲ € 15,475 vs 2022 (€ -35,539) Favourable step	€ -11,508 Profit after taxes 2024: € -11,508 ▲ € 8,556 vs 2023 (€ -20,064) Favourable step	€ -112,241 Profit after taxes 2025: € -112,241 ▼ € 100,733 vs 2024 (€ -11,508) Unfavourable step	▼ € 100,733
Equity	€ 3,844,258 Equity 2022: € 3,844,258 First fiscal year in the series	€ 3,824,194 Equity 2023: € 3,824,194 ▼ 1% vs 2022 (€ 3,844,258) Unfavourable step	€ 3,812,686 Equity 2024: € 3,812,686 Unchanged (€ 3,824,194) Unfavourable step	€ 3,700,445 Equity 2025: € 3,700,445 ▼ 3% vs 2024 (€ 3,812,686) Unfavourable step	▼ 3%
Total debts	€ 6,402,471 Total debts 2022: € 6,402,471 First fiscal year in the series	€ 6,157,929 Total debts 2023: € 6,157,929 ▼ 4% vs 2022 (€ 6,402,471) Favourable step	€ 5,853,755 Total debts 2024: € 5,853,755 ▼ 5% vs 2023 (€ 6,157,929) Favourable step	€ 7,527,732 Total debts 2025: € 7,527,732 ▲ 29% vs 2024 (€ 5,853,755) Unfavourable step	▲ 29%
Cash	€ 186,609 Cash 2022: € 186,609 First fiscal year in the series	€ 216,341 Cash 2023: € 216,341 ▲ 16% vs 2022 (€ 186,609) Favourable step	€ 184,357 Cash 2024: € 184,357 ▼ 15% vs 2023 (€ 216,341) Unfavourable step	€ 39,761 Cash 2025: € 39,761 ▼ 78% vs 2024 (€ 184,357) Unfavourable step	▼ 78%
Land & buildings	€ 9,745,704 Land & buildings 2022: € 9,745,704 First fiscal year in the series	€ 9,432,540 Land & buildings 2023: € 9,432,540 ▼ 3% vs 2022 (€ 9,745,704) Unchanged	€ 9,186,725 Land & buildings 2024: € 9,186,725 ▼ 3% vs 2023 (€ 9,432,540) Unchanged	€ 8,870,933 Land & buildings 2025: € 8,870,933 ▼ 3% vs 2024 (€ 9,186,725) Unchanged	▼ 3%
Retained profit	€ -4,885,742 Retained profit 2022: € -4,885,742 First fiscal year in the series	€ -4,905,806 Retained profit 2023: € -4,905,806 Unchanged (€ -4,885,742) Unfavourable step	€ -4,917,314 Retained profit 2024: € -4,917,314 Unchanged (€ -4,905,806) Unfavourable step	€ -5,029,555 Retained profit 2025: € -5,029,555 ▼ € 112,241 vs 2024 (€ -4,917,314) Unfavourable step	▼ € 112,241
Bank debt	€ 5,500,000 Bank debt 2022: € 5,500,000 First fiscal year in the series	€ 5,125,000 Bank debt 2023: € 5,125,000 ▼ 7% vs 2022 (€ 5,500,000) Favourable step	€ 4,750,000 Bank debt 2024: € 4,750,000 ▼ 7% vs 2023 (€ 5,125,000) Favourable step	€ 4,375,000 Bank debt 2025: € 4,375,000 ▼ 8% vs 2024 (€ 4,750,000) Favourable step	▼ 8%
Balance sheet total	€ 10,246,729 Balance sheet total 2022: € 10,246,729 First fiscal year in the series	€ 9,982,123 Balance sheet total 2023: € 9,982,123 ▼ 3% vs 2022 (€ 10,246,729) Unchanged	€ 9,666,441 Balance sheet total 2024: € 9,666,441 ▼ 3% vs 2023 (€ 9,982,123) Unchanged	€ 11,228,177 Balance sheet total 2025: € 11,228,177 ▲ 16% vs 2024 (€ 9,666,441) Unchanged	▲ 16%

Key figures of Commerce 123, 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 Commerce 123?

What happened at Commerce 123 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 Erlinde Eeman Management SRL stepped down as director. NBB
2027 ML Business partner SRL stepped down as director. NBB
2027 THALES Management s.r.l. stepped down as director. NBB
2027 Thibault RELECOM stepped down as director. NBB
Jun 29, 2026 New annual accounts for financial year 2025: loss of € 112,241. Source: NBB ↗
2026 MHCT stepped down as director. NBB
2025 Erlinde Eeman Management SRL became a director. NBB
2025 ML Business partner SRL became a director. NBB

In short

From € 35,539 loss in 2022 to € 112,241 loss in 2025.

Original PDFs at the National Bank ↗

Management

UNIBRA REAL ESTATE 100%

Unibra 0%

The stake of UNIBRA REAL ESTATE, Unibra comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Commerce 123

The shares are held by UNIBRA REAL ESTATE (100%) and Unibra (0%).

Directors

According to the 2025 annual accounts

Erlinde Eeman Management SRL

Director · represented by Erlinde Eeman

Also active at: Terrebois, Société Internationale d'Engineering, UNITER, TERRE A TERRE, ROYALE 67, UNIBRA REAL ESTATE, Unibra Development, African Craft Breweries +4 more

since 2025 · until 2027

ML Business partner SRL

Director · represented by Marc Limneos

Also active at: Terrebois, Société Internationale d'Engineering, UNITER, TERRE A TERRE, ROYALE 67, UNIBRA REAL ESTATE, Unibra Development, BIZIMMO +6 more

since 2025 · until 2027

THALES Management s.r.l.

Director · represented by Renaud BLAVIER

Also active at: Rive Droite, Terrebois, Société Internationale d'Engineering, Triomphe 174, UNITER, TERRE A TERRE, ROYALE 67, UNIBRA REAL ESTATE +8 more

since 2024 · until 2027

MHCT

Director · represented by Jean-Nicolas Montrieux

Also active at: Triomphe 174

since 2024 · until 2026

Thibault RELECOM

Managing director

since 2024 · until 2027

Shareholders

UNIBRA REAL ESTATE

100%

Unibra

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Vorstlaan 25 box 9

1170 Watermaal-Bosvoorde

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.

All companies at this address →

Unibra same network

€ 3.7 million revenue · 2025

Coopérative U.P.B.

SOCIÉTE DU GARNISTEAU

€ 51,409 gross margin · 2025

La Garantie Belge

LA MUTUELLE PATRONALE (A.A.M. CONTRE LES RISQUES DECOULANT DE LA LEGISLATION RELATIVE AU SALAIRE GARANTI)

+77 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: 0885.073.332
VAT number: BE 0885.073.332
Registered office: Vorstlaan 25 bus 9, 1170 Watermaal-Bosvoorde
Names & denominations: Commerce 123
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 17 November 2006
Peppol: Active · Active since 19 Dec 2025
Activities · NACE: Overige zakelijke dienstverlening, neg

View on CBE Public ↗ Annual accounts (NBB) ↗