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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
R. ESTATE from Stekene, company number BE0890488011, closed financial year 2025 with a result of € -82,223 after tax. For that financial year R. ESTATE recorded a gross margin of € -11,190 and equity of € -123,939. Compared with financial year 2024, the result moved from € -21,047 to € -82,223. The company made a loss. 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 May 5, 2026.
€ -123,939
▼ € 82,223 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -82,223
▼ 291 % more loss than in 2024
Profit after tax over the fiscal year.
€ 159,798
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -142,539.
Debts at end 2025
€ 130,534
▼ 9% vs 2024
€ 12,660 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 377
▼ € 250,540 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 | € 66,485 | € -2,705 | € -8,211 | € -11,190 | ▼ € 2,979 |
| Profit after taxes | € 52,390 | € -16,852 | € -21,047 | € -82,223 | ▼ € 61,177 |
| Equity | € -3,816 | € -20,668 | € -41,715 | € -123,939 | ▼ € 82,223 |
| Total debts | € 440,794 | € 429,520 | € 967,756 | € 2,541,903 | ▲ 163% |
| Cash | € 129,915 | € 109,824 | € 309,430 | € 159,798 | ▼ 48% |
| Land & buildings | € 306,840 | € 298,425 | € 605,183 | € 2,135,216 | ▲ 253% |
| Retained profit | € -22,416 | € -39,268 | € -60,315 | € -142,539 | ▼ € 82,223 |
| Bank debt | € 167,417 | € 155,302 | € 143,009 | € 130,534 | ▼ 9% |
| Balance sheet total | € 436,978 | € 408,851 | € 926,040 | € 2,417,964 | ▲ 161% |
Key figures of R. ESTATE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to R. ESTATE?
What happened at R. ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 82,223. filed late Source: NBB ↗
- De Cnodder Tinne became a director. NBB
- Herwig Verstraeten became a director. NBB
- Karel De Bondt became a director. NBB
- Janpieter Verstraeten became a director. NBB
- Mieke Verstraeten became a director. NBB
- Hermine Kegels became a director. NBB
- New establishment in Stekene. KBO
In short
From € 52,390 profit in 2022 to € 82,223 loss in 2025.
Best year ever: 2022, with € 52,390 profit.
A new publication or filing at R. ESTATE? 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 Helix comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
R. ESTATEBehind R. ESTATE are De Cnodder Tinne, Herwig Verstraeten, Karel De Bondt, Janpieter Verstraeten, Mieke Verstraeten and Hermine Kegels. The shares are held by Helix (33%). It owns 100% of QUERCUS MANAGEMENT itself.
Directors
According to the 2025 annual accounts
De Cnodder Tinne
Director
since 2023
Herwig Verstraeten
Director
since 2023
Karel De Bondt
Director
Also active at: Group induver, DEHON & Associés, MERCES, GROUP CLAEYS-DELAEY, SCHUEREMANS VM, Companions, ICC Holding, Group Induver Advisory Services +6 more
since 2023
Janpieter Verstraeten
Director
since 2023
Mieke Verstraeten
Director
Also active at: Group induver, MERCES, SCHUEREMANS VM, ICC Holding, Induver Brussel, Formica, Sudor
since 2023
Hermine Kegels
Director
since 2023
Shareholders
33%
Participations
QUERCUS MANAGEMENT
100%
Establishments
Establishment units
Physical locations of this company
Kemzekestraat(KEM) 1
9190 Stekene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.488.011
- VAT number
- BE 0890.488.011
- Registered office
- Kemzekestraat(KEM) 1, 9190 Stekene
- Names & denominations
- R. ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 July 2007
- Peppol
- Active · Active since 7 Dec 2025
- Activities · NACE
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