Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
83 other companies have their registered office at the same address; threshold 10.
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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.
€ 55.7 million
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20.9 million
▼ still € 12.1 million profit in 2024
Profit after tax over the fiscal year.
€ 1.4 million
▲ 178% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -18.1 million.
Debts at end 2025
€ 9.8 million
Loans from banks and other lenders, long and short.
€ 40,077
▲ € 37,313 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 | € -82,206 | € -142,631 | € -265,841 | € -83,745 | ▲ € 182,096 |
| Profit after taxes | € 6,408,396 | € -819,506 | € 12,112,421 | € -20,898,053 | ▼ € 33 million |
| Equity | € 81,946,207 | € 81,126,701 | € 80,829,914 | € 55,650,199 | ▼ 31% |
| Total debts | € 15,135,741 | € 15,418,382 | € 13,367,601 | € 10,105,121 | ▼ 24% |
| Cash | € 341,677 | € 154,400 | € 510,065 | € 1,419,882 | ▲ 178% |
| Retained profit | € 4,133,908 | € 3,314,402 | € 3,017,615 | € -18,138,475 | ▼ € 21.2 million |
| Dividend | € 0 | € 0 | € 12,409,208 | € 258,037 | ▼ 98% |
| Bank debt | € 14,000,000 | € 14,000,000 | € 0 | € 9,801,741 | |
| Balance sheet total | € 97,081,948 | € 96,545,082 | € 94,197,515 | € 65,755,320 | ▼ 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:
- Antoinette FREDEAU-GROSMAN stepped down as director. NBB
- Emmanuel GEY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 20.9 million (▼ € 33 million vs 2024). Source: NBB ↗
- Antoinette FREDEAU-GROSMAN became a director. NBB
- Emmanuel GEY became a director. NBB
- New establishment in Sint-Gillis (bij-Brussel). KBO
- 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.
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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 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
32.5%
32.5%
Participations
Establishments
Establishment units
Physical locations of this company
Marcel Broodthaersplein 8
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 83 companies are registered at this address.
All companies at this address →Thalie
€ 2 million gross margin · 2026
DIENST VOOR TOERISME DER SPOORMANNEN - OFFICE DE TOURISME DES CHEMINOTS
Elbi
€ 1.5 million gross margin · 2026
INTERNATIONAL MEDICAL PRODUCTS
€ 23.8 million revenue · 2025
REICO
€ 3,653 revenue · 2025
+78 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
- 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