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.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
50 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Five Stars Properties from Oostkamp, company number BE1008965195, closed financial year 2025 with a result of € -542,783 after tax. For that financial year Five Stars Properties recorded revenue of € 93,145 and equity of € 342,259. Compared with financial year 2024, the result moved from € -394,958 to € -542,783. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 342,259
▲ € 707,217 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -542,783
▼ 37 % more loss than in 2024
Profit after tax over the fiscal year.
€ 717,286
▲ € 696,254 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -937,741.
Debts at end 2025
€ 8.3 million
▲ 37% vs 2024
Loans from banks and other lenders, long and short.
€ 1,595
▼ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 6,250 | € 93,145 | ▲ € 86,895 |
| Gross margin | € -245,393 | € -16,347 | ▲ € 229,046 |
| Profit after taxes | € -394,958 | € -542,783 | ▼ € 147,826 |
| Equity | € -364,958 | € 342,259 | ▲ € 707,217 |
| Total debts | € 6,320,134 | € 11,932,328 | ▲ 89% |
| Cash | € 21,032 | € 717,286 | ▲ € 696,254 |
| Land & buildings | - | € 4,628,076 | |
| Retained profit | € -394,958 | € -937,741 | ▼ € 542,783 |
| Bank debt | € 6,067,000 | € 8,297,000 | ▲ 37% |
| Balance sheet total | € 5,955,177 | € 12,274,587 | ▲ 106% |
Key figures of Five Stars Properties, fiscal years 2024 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 Five Stars Properties?
What happened at Five Stars Properties in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 542,783. Source: NBB ↗
- Brulex stepped down as director. NBB
- Malo Ventures became a director. NBB
- Dehacon became a director. NBB
- New establishment in Oostkamp. KBO
- Start of the company according to the CBE. KBO
- H.D.K. became a director. NBB
- Tjaka became a director. NBB
In short
From € 394,958 loss in 2024 to € 542,783 loss in 2025.
A new publication or filing at Five Stars Properties? 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 ALIREC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Five Stars PropertiesBehind Five Stars Properties are H.D.K., Tjaka, Luc Gijsens, Malo Ventures, Dehacon and Global Rental Properties Advisory. The shares are held by ALIREC (100%). It owns 100% of WBC BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Paul Haspeslagh
Also active at: ZUIDERPARK, Alkove, Lanson Industries Plant I, Immo Genics, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, TER MUYLE, FIBRIMMO +9 more
since 2024
Director · represented by Luc Beke
Also active at: Alkove, Lanson Industries Plant I, Immo Genics, ABRAM, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, FIBRIMMO, GLOBAL RENTAL PROPERTIES +16 more
since 2024
Director · represented by Lucien Gijsens
Also active at: GLOBAL RENTAL PROPERTIES, BIOCARTIS GROUP, Serax Immo, Arvesta, WBC, ALIREC, RESCOO
since 2024
Director · represented by Pieter Balcaen
Also active at: Van Hove en Co, Alkove, Lanson Industries Plant I, IMMOPORTFOLIO, Immo Genics, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, FIBRIMMO +18 more
since 2025
Director · represented by Justine Haspeslagh
Also active at: Alkove, Lanson Industries Plant I, Immo Genics, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, FIBRIMMO, GLOBAL RENTAL PROPERTIES, THEUMA VASTGOED +7 more
since 2025
Global Rental Properties Advisory
Director · represented by Philip Pauwels
Also active at: Alkove, Lanson Industries Plant I, Immo Genics, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, FIBRIMMO, GLOBAL RENTAL PROPERTIES, THEUMA VASTGOED +5 more
since 2024
Director · represented by Koen Brutsaert
Also active at: Alkove, Lanson Industries Plant I, Immo Genics, EUROPAL-LOGISTICS, GLOBAL RENTAL PROPERTIES II, FIBRIMMO, GLOBAL RENTAL PROPERTIES, THEUMA VASTGOED +6 more
since 2024 · until 2025
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Hertsbergsestraat 4
8020 Oostkamp
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 50 companies are registered at this address.
All companies at this address →The Horizon Company
€ 188,062 gross margin · 2025
Charles De Munter
€ 147,514 gross margin · 2025
IMMO WILI
€ 139,736 gross margin · 2025
Alkove same network
€ 364,789 revenue · 2025
Lanson Industries Plant I same network
€ 553,258 revenue · 2025
+45 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
- 1008.965.195
- VAT number
- BE 1008.965.195
- Registered office
- Hertsbergsestraat 4, 8020 Oostkamp
- Names & denominations
- Five Stars Properties · FSP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2024
- Peppol
- Active · Active since 3 Oct 2025
- Activities · NACE
Vermogensbeheer
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van terreinen
Overige zakelijke dienstverlening, neg
Handel in eigen onroerend goed