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.
-
Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FORCE BLUE from Antwerpen, company number BE0889044788, closed financial year 2025 with a result of € -196,341 after tax. For that financial year FORCE BLUE recorded a gross margin of € 314,992 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -121,273 to € -196,341. 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 July 2, 2026.
€ 1.5 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -196,341
▼ 62 % more loss than in 2024
Profit after tax over the fiscal year.
€ 81,787
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
Debts at end 2025
€ 5 million
Loans from banks and other lenders, long and short.
€ 8,588
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 456,847 | € 282,237 | € 422,485 | € 314,992 | ▼ 25% |
| Profit after taxes | € -25,469 | € -104,719 | € -121,273 | € -196,341 | ▼ € 75,067 |
| Equity | € -1,534,889 | € 1,860,392 | € 1,739,119 | € 1,542,778 | ▼ 11% |
| Total debts | € 5,448,609 | € 5,317,171 | € 5,165,559 | € 5,037,998 | ▼ 2% |
| Cash | € 15,157 | € 276,008 | € 109,053 | € 81,787 | ▼ 25% |
| Land & buildings | € 2,389,949 | € 2,125,186 | € 1,855,654 | € 1,587,264 | ▼ 14% |
| Retained profit | € -1,597,889 | € -1,702,608 | € -1,823,881 | € -2,020,222 | ▼ € 196,341 |
| Bank debt | € 5,010,000 | € 5,010,000 | € 5,010,000 | € 5,010,000 | |
| Balance sheet total | € 3,913,720 | € 7,177,563 | € 6,904,678 | € 6,580,777 | ▼ 5% |
Key figures of FORCE BLUE, 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 FORCE BLUE?
What happened at FORCE BLUE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PARTICIPATIEMAATSCHAPPIJ VLAANDEREN NV stepped down as director. NBB
- 'T HUYSEKEN BV stepped down as director. NBB
- KVB INVEST BV stepped down as director. NBB
- Chiela Moens-Seynaeve stepped down as director. NBB
- ROKUFIN BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 196,341. Source: NBB ↗
- PARTICIPATIEMAATSCHAPPIJ VLAANDEREN NV became a director. NBB
- 'T HUYSEKEN BV became a director. NBB
In short
From € 25,469 loss in 2022 to € 196,341 loss in 2025.
Paid € 1,521 in corporate taxes since 2022.
Management
The stake of Land Bank Vooruitzicht comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FORCE BLUEThe shares are held by Vooruitzicht NV (65.6%), ParticipatieMaatschappij Vlaanderen nv (34.4%) and Land Bank Vooruitzicht (65.6%).
Directors
According to the 2025 annual accounts
PARTICIPATIEMAATSCHAPPIJ VLAANDEREN NV
Director · represented by Bertrand Van Regemortel
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
since 2023 · until 2029
Director · represented by Nathalie Van Nieuwinckel
since 2023 · until 2029
Managing director · represented by Kris Van Ballaer
Also active at: MECHELEN RAGHENO SITE, Ragheno Development, KACE INVESTMENTS, ForceSale
since 2023 · until 2029
Chiela Moens-Seynaeve
Director
since 2023 · until 2029
Director · represented by Erik Koeklenberg
Also active at: URBAN, PRESTIBEL LEFT VILLAGE, BETACOM, Land Bank Vooruitzicht, P x 3 Development, JOBUFINVEST, MECHELEN RAGHENO SITE, URBAN DEVELOPMENT +9 more
since 2023 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leopold de Waelplaats 26
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →VOORUITZICHT same network
€ 6 million revenue · 2025
SOCREAL
€ 381,309 gross margin · 2025
URBAN same network
€ 554,062 gross margin · 2025
PRESTIBEL LEFT VILLAGE same network
€ 5.2 million gross margin · 2025
BETACOM same network
€ 96,781 gross margin · 2025
+15 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
- 0889.044.788
- VAT number
- BE 0889.044.788
- Registered office
- Leopold de Waelplaats 26, 2000 Antwerpen
- Names & denominations
- FORCE BLUE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 2007
- Peppol
- Active · Active since 13 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen