What does BELSORG do?

BELSORG is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 11 September 2007, 1 establishment.

What is the address of BELSORG?

The registered office of BELSORG is located at Marcel Broodthaersplein 8, 1060 Sint-Gillis (bij-Brussel).

Is BELSORG still active?

Yes. According to the CBE (29 October 2026) BELSORG is active, legal situation “Normale toestand”, started on 11 September 2007.

Is BELSORG registered on Peppol?

No, BELSORG is currently not registered on the Peppol network.

What is the enterprise number of BELSORG?

The enterprise number of BELSORG is BE0891985274.

When was BELSORG founded?

BELSORG was founded on 11 September 2007.

Who are the directors of BELSORG?

According to the 2025 annual accounts, the directors of BELSORG are: Antoinette FREDEAU-GROSMAN, Emmanuel GEY.

Is BELSORG a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 11 September 2007; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did BELSORG make in 2025?

BELSORG recorded a loss after taxes of € 20,898,053 in financial year 2025.

What is the revenue of BELSORG?

As a small company, BELSORG is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € -83,745.

BELSORG (Public Limited) - Sint-Gillis (bij-Brussel)

Dossier BELSORG, printed on 29 October 2026 from databakkes.be/en/0891985274/belsorg. 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.

Busy address KBO

81 other companies have their registered office at the same address; threshold 10.
Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2025

BELSORG from Sint-Gillis (bij-Brussel), company number BE0891985274, closed financial year 2025 with a result of € -20.9 million after tax. For that financial year BELSORG recorded a gross margin of € -83,745 and equity of € 55.7 million. Compared with financial year 2024, the result moved from € 12.1 million to € -20.9 million. 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 April 10, 2026.

What it is worth Healthy

€ 55.7 million

▼ 31% vs 2024

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

Loss Caution

€ -20.9 million

▼ still € 12.1 million profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.4 million

▲ 178% 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 € -18.1 million.

Debts at end 2025

Bank debt

€ 9.8 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 40,077

▲ € 37,313 vs 2024

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ -82,206 Gross margin 2022: € -82,206 First fiscal year in the series	€ -142,631 Gross margin 2023: € -142,631 ▼ € 60,425 vs 2022 (€ -82,206) Unfavourable step	€ -265,841 Gross margin 2024: € -265,841 ▼ € 123,210 vs 2023 (€ -142,631) Unfavourable step	€ -83,745 Gross margin 2025: € -83,745 ▲ € 182,096 vs 2024 (€ -265,841) Favourable step	▲ € 182,096
Profit after taxes	€ 6,408,396 Profit after taxes 2022: € 6,408,396 First fiscal year in the series	€ -819,506 Profit after taxes 2023: € -819,506 ▼ € 7.2 million vs 2022 (€ 6,408,396) Unfavourable step	€ 12,112,421 Profit after taxes 2024: € 12,112,421 ▲ € 12.9 million vs 2023 (€ -819,506) Favourable step	€ -20,898,053 Profit after taxes 2025: € -20,898,053 ▼ € 33 million vs 2024 (€ 12,112,421) Unfavourable step	▼ € 33 million
Equity	€ 81,946,207 Equity 2022: € 81,946,207 First fiscal year in the series	€ 81,126,701 Equity 2023: € 81,126,701 ▼ 1% vs 2022 (€ 81,946,207) Unfavourable step	€ 80,829,914 Equity 2024: € 80,829,914 Unchanged (€ 81,126,701) Unfavourable step	€ 55,650,199 Equity 2025: € 55,650,199 ▼ 31% vs 2024 (€ 80,829,914) Unfavourable step	▼ 31%
Total debts	€ 15,135,741 Total debts 2022: € 15,135,741 First fiscal year in the series	€ 15,418,382 Total debts 2023: € 15,418,382 ▲ 2% vs 2022 (€ 15,135,741) Unfavourable step	€ 13,367,601 Total debts 2024: € 13,367,601 ▼ 13% vs 2023 (€ 15,418,382) Favourable step	€ 10,105,121 Total debts 2025: € 10,105,121 ▼ 24% vs 2024 (€ 13,367,601) Favourable step	▼ 24%
Cash	€ 341,677 Cash 2022: € 341,677 First fiscal year in the series	€ 154,400 Cash 2023: € 154,400 ▼ 55% vs 2022 (€ 341,677) Unfavourable step	€ 510,065 Cash 2024: € 510,065 ▲ 230% vs 2023 (€ 154,400) Favourable step	€ 1,419,882 Cash 2025: € 1,419,882 ▲ 178% vs 2024 (€ 510,065) Favourable step	▲ 178%
Retained profit	€ 4,133,908 Retained profit 2022: € 4,133,908 First fiscal year in the series	€ 3,314,402 Retained profit 2023: € 3,314,402 ▼ 20% vs 2022 (€ 4,133,908) Unfavourable step	€ 3,017,615 Retained profit 2024: € 3,017,615 ▼ 9% vs 2023 (€ 3,314,402) Unfavourable step	€ -18,138,475 Retained profit 2025: € -18,138,475 ▼ € 21.2 million vs 2024 (€ 3,017,615) Unfavourable step	▼ € 21.2 million
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 12,409,208 Dividend 2024: € 12,409,208 Unchanged (€ 0) Unchanged	€ 258,037 Dividend 2025: € 258,037 ▼ 98% vs 2024 (€ 12,409,208) Unchanged	▼ 98%
Bank debt	€ 14,000,000 Bank debt 2022: € 14,000,000 First fiscal year in the series	€ 14,000,000 Bank debt 2023: € 14,000,000 Unchanged (€ 14,000,000) Unchanged	€ 0 Bank debt 2024: € 0 ▼ 100% vs 2023 (€ 14,000,000) Favourable step	€ 9,801,741 Bank debt 2025: € 9,801,741 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 97,081,948 Balance sheet total 2022: € 97,081,948 First fiscal year in the series	€ 96,545,082 Balance sheet total 2023: € 96,545,082 ▼ 1% vs 2022 (€ 97,081,948) Unchanged	€ 94,197,515 Balance sheet total 2024: € 94,197,515 ▼ 2% vs 2023 (€ 96,545,082) Unchanged	€ 65,755,320 Balance sheet total 2025: € 65,755,320 ▼ 30% vs 2024 (€ 94,197,515) Unchanged	▼ 30%

Key figures of BELSORG, 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 BELSORG?

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

2031 Antoinette FREDEAU-GROSMAN stepped down as director. NBB
2031 Emmanuel GEY stepped down as director. NBB
Apr 10, 2026 New annual accounts for financial year 2025: loss of € 20.9 million (▼ € 33 million vs 2024). Source: NBB ↗
2025 Antoinette FREDEAU-GROSMAN became a director. NBB
2025 Emmanuel GEY became a director. NBB
Sep 11, 2008 New establishment in Sint-Gillis (bij-Brussel). KBO
Sep 11, 2007 Start of the company according to the CBE. KBO

In short

From € 6.4 million profit in 2022 to € 20.9 million loss in 2025.

Paid € 20 in corporate taxes since 2022.

Best year ever: 2024, with € 12.1 million profit.

Paid out € 12.7 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

LAURINA SRL 32.5%

MARINA SA 32.5%

BELSORG

Italsorg S.R.L. 100%

Alcadasorg S.L. 100%

Financière Namsorg 98.5%

Mausorg Ltd 98%

The shares are held by LAURINA SRL (32.5%) and MARINA SA (32.5%). It owns 100% of Italsorg S.R.L., 100% of Alcadasorg S.L., 98.5% of Financière Namsorg, 98% of Mausorg Ltd and 50% of Rode Real Estate itself.

Directors

According to the 2025 annual accounts

Antoinette FREDEAU-GROSMAN

Managing director

Also active at: Les Amis Belges de l'Université Hébraïque de Jérusalem, LAURINA

since 2025 · until 2031

Emmanuel GEY

Director

since 2025 · until 2031

Shareholders

LAURINA SRL

32.5%

MARINA SA

32.5%

Participations

Italsorg S.R.L.

100%

Alcadasorg S.L.

100%

Financière Namsorg

98.5%

Mausorg Ltd

98%

Rode Real Estate

50%

Establishments

Establishment units

Physical locations of this company

Registered office

Marcel Broodthaersplein 8

1060 Sint-Gillis (bij-Brussel)

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 81 companies are registered at this address.

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

Details

Company number

0891.985.274

VAT number

BE 0891.985.274

Registered office

Marcel Broodthaersplein 8, 1060 Sint-Gillis (bij-Brussel)

Names & denominations

BELSORG

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

11 September 2007

Peppol

Not registered

Activities · NACE

Activiteiten van holdings

Holdings

View on CBE Public ↗ Annual accounts (NBB) ↗

BELSORG

Warning lights

Financials

What happened to BELSORG?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions