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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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BRUSSELS SOUTH INVEST from Antwerpen, company number BE0894375830, closed financial year 2025 with a result of € 80,713 after tax. For that financial year BRUSSELS SOUTH INVEST recorded a gross margin of € 313,997 and equity of € -804,050. Compared with financial year 2024, the result moved from € 90,305 to € 80,713. The company is profitable. 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 July 2, 2026.
€ -804,050
▲ € 80,713 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 80,713
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 34,707
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -866,050.
Debts at end 2025
€ 4 million
▼ 6% vs 2024
€ 263,765 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 12,754
▲ 41% 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 | € 309,527 | € 321,900 | € 329,897 | € 313,997 | ▼ 5% |
| Profit after taxes | € 58,978 | € 69,767 | € 90,305 | € 80,713 | ▼ 11% |
| Equity | € -1,044,835 | € -975,068 | € -884,763 | € -804,050 | ▲ € 80,713 |
| Total debts | € 5,635,518 | € 5,457,475 | € 5,297,100 | € 5,134,466 | ▼ 3% |
| Cash | € 51,104 | € 20,436 | € 36,001 | € 34,707 | ▼ 4% |
| Land & buildings | € 4,494,237 | € 4,385,551 | € 4,276,866 | € 4,168,180 | ▼ 3% |
| Retained profit | € -1,106,835 | € -1,037,068 | € -946,763 | € -866,050 | ▲ € 80,713 |
| Bank debt | € 4,770,272 | € 4,514,719 | € 4,278,015 | € 4,017,096 | ▼ 6% |
| Balance sheet total | € 4,590,682 | € 4,482,406 | € 4,412,337 | € 4,330,417 | ▼ 2% |
Key figures of BRUSSELS SOUTH INVEST, 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 BRUSSELS SOUTH INVEST?
What happened at BRUSSELS SOUTH INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rafaël WASYNG stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 80,713 (▼ 11% vs 2024). Source: NBB ↗
- Shalom ENGELSTEIN stepped down as director. NBB
- Joël ENGELSTEIN stepped down as director. NBB
- New establishment in Antwerpen. KBO
- Rafaël WASYNG became a director. NBB
- Shalom ENGELSTEIN became a director. NBB
- Joël ENGELSTEIN became a director. NBB
In short
From € 58,978 profit in 2022 to € 80,713 profit in 2025.
Best year ever: 2024, with € 90,305 profit.
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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 E.V. INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BRUSSELS SOUTH INVESTThe shares are held by E.V. INVEST (96.7%).
Directors
According to the 2025 annual accounts
Shalom ENGELSTEIN
Managing director
Also active at: RIMBAUD, E.V. INVEST, Brussels South Development
since 2020 · until 2026
Rafaël WASYNG
Director
Also active at: UNITED PEARL TRADING, RIMBAUD, IMMO 163, Joodse Dienst Thuiszorg, Brussels South Development, MONSEY INVEST
since 2021 · until 2027
Joël ENGELSTEIN
Director
since 2019 · until 2025
Shareholders
96.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 172
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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€ 27,618 gross margin · 2025
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€ 227,095 gross margin · 2025
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€ -16,434 gross margin · 2025
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€ -68,726 gross margin · 2025
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€ 468,779 gross margin · 2025
+2 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
- 0894.375.830
- VAT number
- BE 0894.375.830
- Registered office
- Mechelsesteenweg 172, 2018 Antwerpen
- Names & denominations
- BRUSSELS SOUTH INVEST · B.S.I.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 2007
- Peppol
- Active · Active since 10 May 2026