BELLECOM (0700.778.181): annual accounts, directors and company register

BELLECOM

Ixelles ·KBO/BCE: BE 0700.778.181

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company
BELLECOM Ixelles	€26.4m	€1.0m	-1.0%	-
ELSINORE Brussels	€25.3m	€1.0m	45.8%	0
FIGUERAS Brussels	€19.9m	€1.0m	38.6%	0
CORTENBERGH 71 Brussels	€22.1m	€1.2m	53.8%	-
CAPRESE II Brussels	€26.0m	€1.5m	35.9%	0
Maritiem Huis Watermael-Boitsfort	€20.8m	€1.2m	22.0%	-
Exeter III Belgium A Saint-Josse-ten-Noode	€36.1m	€0.9m	-8.8%	-

Line	2025	2024	2023	2022	2021	2020	2019
Balance sheet: assets
`20/58`	26.4m	27.4m	28.5m	27.6m	22.8m	19.7m	10.4m
`21/28`	24.3m	25.1m	25.9m	27.0m	22.4m	18.0m	10.0m
`22/27`	24.3m	25.1m	25.9m	27.0m	22.4m	18.0m	10.0m
`22`	24.3m	25.1m	25.9m	27.0m	2.0m	1.9m	1.8m
`27`	-	-	-	-	20.4m	16.1m	8.2m
`29/58`	2.1m	2.3m	2.6m	564,230	347,882	1.7m	415,193
`40/41`	1,490	147,395	116,184	102,547	61,014	-	132,581
`40`	1,490	59,065	15,505	7,865	-	-	-
`41`	-	88,330	100,678	94,682	61,014	-	132,581
`54/58`	1.6m	1.5m	1.7m	361,974	286,869	1.7m	282,612
`490/1`	477,630	572,647	720,886	99,708	-	-	-
Balance sheet: equity and liabilities
`10/49`	26.4m	27.4m	28.5m	27.6m	22.8m	19.7m	10.4m
`10/15`	-266,414	1.1m	2.2m	3.5m	3.8m	2.2m	2.7m
`10/11`	5.1m	5.1m	5.1m	5.1m	5.1m	3.5m	3.5m
`10`	5.1m	5.1m	5.1m	5.1m	5.1m	-	-
`100`	5.1m	5.1m	5.1m	5.1m	5.1m	3.5m	3.5m
`14`	-5.4m	-4.1m	-2.9m	-1.6m	-1.4m	-1.3m	-777,086
`17/49`	26.7m	26.4m	26.3m	24.1m	19.0m	17.5m	7.7m
`17`	24.3m	24.3m	24.3m	23.0m	19.0m	12.5m	7.6m
`170/4`	24.2m	24.2m	24.2m	23.0m	19.0m	12.5m	7.6m
`178/9`	94,940	94,940	94,940	-	-	-	-
`42/48`	141,690	372,780	1.2m	1.0m	61,433	4.9m	-
`43`	-	-	-	51	-	-	-
`430/8`	-	-	-	51	-	-	-
`44`	62,751	372,780	549,369	75,523	61,433	4.0m	-
`440/4`	62,751	372,780	549,369	75,523	61,433	4.0m	-
`45`	78,939	-	-	-	-	903,452	-
`450/3`	78,939	-	-	-	-	903,452	-
`47/48`	-	-	647,738	925,103	-	-	-
`492/3`	2.2m	1.6m	775,306	21,525	8,925	105,283	127,574
Income statement
`9900`	1.0m	687,940	297,243	-46,715	-80,609	-87,727	-286,310
`630`	841,497	809,100	838,179	107,550	-	-	-
`640/8`	632,402	186,858	1,157	1,039	1,550	317,749	487,549
`9901`	-437,186	-308,018	-542,093	-155,304	-82,159	-405,476	-773,859
`65/66B`	888,077	813,988	772,956	101,268	454	102,349	3,228
`65`	888,077	813,988	772,956	101,268	454	102,349	3,228
`9903`	-1.3m	-1.1m	-1.3m	-256,571	-82,613	-507,825	-777,086
`9904`	-1.3m	-1.1m	-1.3m	-256,571	-82,613	-507,825	-777,086
`9905`	-1.3m	-1.1m	-1.3m	-256,571	-82,613	-507,825	-777,086
Appropriation of the result
`9906`	-5.4m	-4.1m	-2.9m	-1.6m	-1.4m	-1.3m	-777,086
`14P`	-4.1m	-2.9m	-1.6m	-1.4m	-1.3m	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	10-06-2026	2026-00161969	PDF
31-12-2024	abbreviated format	21-08-2025	2025-00412937	PDF
31-12-2023	abbreviated format	06-08-2024	2024-00331782	PDF
31-12-2022	abbreviated format	28-07-2023	2023-00308869	PDF
31-12-2021	abbreviated format	14-07-2022	2022-20195842	PDF
31-12-2020	abbreviated format	18-03-2022	2022-08500348	PDF
31-12-2019	abbreviated format	30-10-2020	2020-69100094	PDF

2025	2024	2023	2022	2021	2020	2019
404,310	501,083	296,086	-47,753	-	-	-
-483,766	-312,906	-476,870	-149,021	-	-	-
35,343	670,337	-239,092	4.7m	4.5m	8.0m	10.0m
64,136	-187,997	1.4m	75,106	-1.4m	1.4m	-
1.9m	1.9m	1.4m	-436,447	286,449	-3.2m	-
-1.0%	3.9%	7.7%	12.7%	16.5%	11.3%	26.2%
14.75	6.08	2.15	0.56	5.66	0.35	-
-	24.89	12.06	6.88	5.07	7.88	2.82
-	-106.0%	-60.3%	-7.3%	-2.2%	-22.9%	-28.5%
-5.0%	-4.1%	-4.6%	-0.9%	-0.4%	-2.6%	-7.5%
0.46	0.62	0.38	-0.47	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€35,343	€670,337	-	€4.7m	€4.5m
	€841,497	€809,100	€838,179	€107,550	-

AAHR SRL registered office since 02-01-2023 · founded in 2022	total assets €619.5m (2025) 0794.230.555
SYMRISE GROUP FINANCE AND IP-HOLDING registered office since 31-01-2014 · founded in 2014	turnover €68.6m (2025) 0544.925.214
Atallah Group EU registered office since 06-11-2023 · founded in 2020 · accounts filed late	turnover €344.9m (2023) 0751.652.802
FG EURO GREEN 1 establishment since 17-02-2016 · founded in 2016	turnover €9.2m (2025) 0648.762.526
SENINVEST registered office since 09-11-2012 · founded in 2012	total assets €126.7m (2025) 0500.693.313
ANSUL registered office since 25-07-1990 · founded in 1990	204 FTE (2025) 0441.557.163
Gildan Activewear EU registered office since 12-05-2021 · founded in 2021	turnover €89.3m (2025) 0768.385.894
PHOTONIKE CAPITAL registered office since 16-12-2008 · founded in 2008 · accounts filed late	total assets €84.4m (2024) 0808.462.831
BLEROT registered office since 06-06-2003 · founded in 2003	turnover €7.5m (2025) 0480.161.480
Titanium Ruth Belgium Holdco registered office since 19-10-2018 · founded in 2018	total assets €59.4m (2025) 0711.908.140

CLOCKWISE BELGIUM via Joannes van de Kimmenade, at BELLECOM until 2024 · Director · deed of 01-06-2021 founded in 2021 · accounts filed late	9.6 FTE (2025)
TERREPOWER via Joannes van de Kimmenade, at BELLECOM until 2024 · Director · deed of 13-09-2023 founded in 2023 · negative equity (2025)	total assets €760,816 (2025)
HAUSSMANN FINANCE via Joannes van de Kimmenade, at BELLECOM until 2024 · Director · deed of 14-03-2022 founded in 2012 · accounts filed late	total assets €414,065 (2021)
CHROMACHEM (INTERNATIONAL) via IQ EQ Holdings (Belgium), at BELLECOM until 2025 · Director · deed of 20-09-2024 founded in 1996 · negative equity (2024) · accounts filed late	total assets €118,646 (2024)
International Fund for Animal Welfare (Belgium) via Joannes van de Kimmenade, at BELLECOM until 2024 · Director · deed of 23-09-2024 founded in 2021 · negative equity (2025)	total assets €100,531 (2025)
VALMORE COMMERCIAL via IQ EQ Holdings (Belgium), at BELLECOM until 2025 · Director · deed of 20-09-2024 founded in 1996 · negative equity (2024) · accounts filed late	total assets €77,206 (2024)

CAPELLA INVEST via IQ EQ Holdings (Belgium), at BELLECOM until 2025 · Director · deed of 20-09-2024 founded in 1996 · negative equity (2024) · accounts filed late	total assets €75,433 (2024)
ARCHEM via IQ EQ Holdings (Belgium), at BELLECOM until 2025 · Director · deed of 23-09-2024 founded in 1996 · negative equity (2024) · accounts filed late	total assets €55,436 (2024)
team.blue via Joannes van de Kimmenade, at BELLECOM until 2024 · Director · deed of 04-03-2019 founded in 2018	turnover €51.6m (2025)
GM Logistics Parks via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Class A director · deed of 05-01-2022 founded in 2021	total assets €255.6m (2025)
PEC Belgium Ghent via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 01-07-2021 founded in 2021	total assets €163.5m (2025)
SLPX via Joannes van de Kimmenade, at BELLECOM until 2024 · Director · deed of 02-09-2020 founded in 2020	turnover €127.2m (2025)
Europe Logistics Partners Willebroek I via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 03-09-2018 founded in 2015	total assets €78.6m (2025)
PEC Belgium Olen via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 30-11-2020 founded in 2020	total assets €51.7m (2025)
REI Belgium Fonsny via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 20-01-2020 founded in 1992	total assets €32.8m (2025)
Square du Champ de Mars via N-Bel (no longer at Square du Champ de Mars) and IQ EQ Holdings (Belgium) (at BELLECOM until 2025) · Director · deed of 21-06-2024 founded in 2019	total assets €31.6m (2025)
Solbus via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 20-01-2022 founded in 2015 · group GM Logistics Parks	turnover €2.1m (2025)
BAMBUS via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 07-12-2022 founded in 2014 · group GM Logistics Parks	turnover €1.5m (2025)
REI Belgium Antwerp via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 27-09-2021 founded in 2021	total assets €22.0m (2025)
Place Sainte-Gudule 19 via N-Bel (no longer at Place Sainte-Gudule 19), IQ EQ Holdings (Belgium) (at BELLECOM until 2025) and Joannes van de Kimmenade (at BELLECOM until 2024) · Director · deeds of 21-06-2024 and 29-09-2022 founded in 2019	turnover €1.4m (2025)
Impératrice 66 via N-Bel (no longer at Impératrice 66) and IQ EQ Holdings (Belgium) (at BELLECOM until 2025) · Director · deed of 21-06-2024 founded in 2019 · group Arch - Invest	turnover €1.2m (2025)
Jourdan Brussels Hotel via Joannes van de Kimmenade, at BELLECOM until 2024 · Director · deed of 03-05-2021 founded in 2006	90 FTE (2025)
CBRE Investment Management Belgium via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 28-03-2022 founded in 1973	5 FTE (2025)
Wipro CRM Services via IQ EQ Holdings (Belgium) (at BELLECOM until 2025) and Joannes van de Kimmenade (at BELLECOM until 2024) · Director · deeds of 03-07-2024 and 14-10-2020 founded in 1997	4.1 FTE (2026)
Ark Brussels via Joannes van de Kimmenade, at BELLECOM until 2024 · Sole director · deed of 28-02-2023 founded in 2023	total assets €9.2m (2025)
Aartselaar Logistics via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 13-09-2019 founded in 2003 · group ENTERHOLD S.A.	total assets €7.7m (2025)
WESLO via IQ EQ Holdings (Belgium), at BELLECOM until 2025 · Director · deed of 02-07-2024 founded in 2001	total assets €5.8m (2025)
IMMO SIM via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 29-03-2023 founded in 1993	total assets €1.7m (2025)
PLANET WINNER via Joannes van de Kimmenade, at BELLECOM until 2024 · Proxy holder · deed of 22-10-2026 founded in 1998	13 FTE (2025)
Mount Scenery (Belgium) via Joannes van de Kimmenade, at BELLECOM until 2024 · Permanent representative · deed of 22-01-2026 founded in 2023	total assets €849,591 (2025)
Jelo Invest via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director (not named in the articles) · deed of 22-09-2023 founded in 2013	total assets €160,415 (2025)
Euro Belgium 1 BXL 2 via Joannes van de Kimmenade, at BELLECOM until 2024 · Permanent representative · deed of 24-06-2021 founded in 2021	total assets €130,955 (2025)
Advocatenkantoor Marco Dubois via DUBOIS Marco Antoine Doris Alphonsine, at BELLECOM until 2024 · Permanent representative · deed of 12-12-2023 founded in 2023	total assets €25,093 (2025)
Capital Colocation Fund via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director (not named in the articles) · deed of 15-01-2026 group PATRONALE LIFE	founded in 2021
The Chester Company via Piet Van Poppel, at BELLECOM, last mentioned in 2020 · Director · deed of 20-03-2026 group PATRONALE LIFE	founded in 2026
VERENIGING VOOR ONDERZOEK EN ONTSLUITING VAN HISTORISCHE TEKSTEN via Joannes van de Kimmenade, at BELLECOM until 2024 · Proxy holder · deed of 24-02-2026	founded in 2021
IQ EQ Financial & Tax (Belgium) via Joannes van de Kimmenade, at BELLECOM until 2024 · Managing director · deed of 10-11-2022 No longer active · founded in 2012	total assets €20,006 (2026)

Establishment	Since	Unit number
Louizalaan 65 registered office 1050 Ixelles
Louizalaan 489 1050 Ixelles	09-08-2018	2.278.921.265

Cadastral parcel	Area	Buildings	Height / floors
21822R0224/00S007	1,833 m²	1 · 1,831 m²	45.6 m · 8
21807G0007/00R000	1,683 m²	1 · 2,433 m²	35.6 m · 9

Overview

Lifetime

Key points

Equity

Losses

Debts

Liquidity

At the same address

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on BELLECOM

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency-1.0%

Current ratio14.75

Return on assets-5.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on BELLECOM

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Shareholders

Owners 2

Network & group

Parent

At the same address

Earlier ties

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the addresses

Location

Parcels

Invoicing and payment

in €m

in €m

-1.0%

14.75

-5.0%