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DOCORA

Active
Public limited companyfounded 201016 yrs activeOude Bosuilbaan 54, 2100 Antwerpen, BelgiumKBO/BCE: BE 0825.881.259
Summary

DOCORA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53.6m and a net result of €2.3m. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 84% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability73▲+16
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 4.07 in 2024; short-term debt: 1.8% and cash: 0% of total assets), and 15% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
85%
Return on assets
3.6%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 16 years 0 20 y
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
17 d late
2024
27 d early
2023
26 d early
2022
26 d early
2021
24 d early
2020
18 d early
2019
18 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 May 2010, DOCORA was incorporated by INTERNATIONAL REAL ESTATE CONSTRUCTION and one natural person, with a starting capital of EUR 500,000.12 The capital was increased 3 times between 2015 and 2019, most recently to EUR 50 million.345 In 2026 the registered office moved to Antwerpen.6 Of the 4 current board members, OPUS TERRAE has served longest, since 2023.7 Total assets went from EUR 58 million in 2018 to EUR 63 million in 2025.8

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 25-05-2010
  3. 3Belgian State Gazette, 16-01-2015
  4. 4Belgian State Gazette, 20-02-2018
  5. 5Belgian State Gazette, 02-12-2019
  6. 6Belgian State Gazette, 07-08-2026
  7. 7Belgian State Gazette, 29-11-2023
  8. 8National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.3m▲ 49.4%
2024 · €1.5m
Working capital
€351,727▼ 88.8%
2024 · €3.2m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€1.8m€2.2m▲ 24.6%€3.2m▲ 42.0%€3.6m▲ 15.5%€4.0m▲ 10.5%
Net result€367,923above the sector's middle half€640,137above the sector's middle half▲ 74.0%€526,222above the sector's middle half▼ 17.8%€1.5mabove the sector's middle half▲ 191%€2.3mabove the sector's middle half▲ 49.4%
Equity€48.6mabove the sector's middle half▲ 0.8%€49.3mabove the sector's middle half▲ 1.3%€49.8mabove the sector's middle half▲ 1.1%€51.3mabove the sector's middle half▲ 3.1%€53.6mabove the sector's middle half▲ 4.5%
Total assets€84.5mabove the sector's middle half▲ 1.3%€79.0mabove the sector's middle half▼ 6.5%€81.1mabove the sector's middle half▲ 2.7%€69.4mabove the sector's middle half▼ 14.4%€63.1mabove the sector's middle half▼ 9.1%
Debt€35.8m▲ 2.1%€29.7m▼ 17.1%€31.3m▲ 5.4%€18.1m▼ 42.1%€9.5m▼ 47.6%
Working capital€7.6mabove the sector's middle half▼ 18.7%€5.9mabove the sector's middle half▼ 22.4%€11.5mabove the sector's middle half▲ 95.5%€3.2mabove the sector's middle half▼ 72.6%€351,727within the sector's middle half▼ 88.8%
Solvency57.6%within the sector's middle half▼ 0.3pp62.4%above the sector's middle half▲ 4.8pp61.4%within the sector's middle half▼ 1.0pp73.9%above the sector's middle half▲ 12.5pp85.0%above the sector's middle half▲ 11.1pp
Current ratio6.70above the sector's middle half▲ 2.4610.73above the sector's middle half▲ 4.0318.01above the sector's middle half▲ 7.284.07above the sector's middle half▼ 13.941.31within the sector's middle half▼ 2.76
Return on assets (ROA)0.4%within the sector's middle half▲ 1.3pp0.8%within the sector's middle half▲ 0.4pp0.6%within the sector's middle half▼ 0.2pp2.2%within the sector's middle half▲ 1.6pp3.6%within the sector's middle half▲ 1.4pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€2.0m€4.0mOperating result 2021: €1.8m€1.8mNet result 2021: €367,923€367,923Operating result 2022: €2.2m€2.2mNet result 2022: €640,137€640,137Operating result 2023: €3.2m€3.2mNet result 2023: €526,222€526,222Operating result 2024: €3.6m€3.6mNet result 2024: €1.5m€1.5mOperating result 2025: €4.0m€4.0mNet result 2025: €2.3m€2.3m20212022202320242025€0€2m€4mOperating result 2023: €3.2m€3.2mNet result 2023: €526,222€526,000Operating result 2024: €3.6m€3.6mNet result 2024: €1.5m€1.5mOperating result 2025: €4.0m€4mNet result 2025: €2.3m€2.3m202320242025
The operating result has risen four years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63.1m
Fixed assets €61.6m ▼ 5.6%
Current assets €1.5m ▼ 64.4%
Equity and liabilities €63.1m
Equity €53.6m ▲ 4.5%
Debt €9.5m ▼ 47.6%
Debt's share of the balance-sheet total falls from 26.1% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€7.7m▲
2024 · €7.3m
Cash flow
€5.9m▲
2024 · €5.2m
Debt to equity
0.18▼
2024 · 0.35
ROE
4.3%▲
2024 · 3.0%
Interest coverage
8.40▲
2024 · 4.21
Debt ≤ 1 year
€1.1m▲
2024 · €1.0m
Debt > 1 year
€2.3m▼
2024 · €15.0m
Income taxes
€834,292▲
2024 · €385,587
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 133 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 92% are still going.

  • Large
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0% went bankrupt
8.3% stopped otherwise
92% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 133 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€69.4m€63.1m▼
Fixed assets21/28€65.3m€61.6m▼
Tangible fixed assets22/27€65.3m€61.6m▼
Land and buildings22€8.7m€8.4m▼
Other tangible fixed assets26€55.5m€52.1m▼
Assets under construction and advance payments27€1.1m€1.1m=
Current assets29/58€4.2m€1.5m▼
Amounts receivable within one year40/41€2.7m€147,865▼
Trade receivables40€2.7m€137,711▼
Other amounts receivable41-€10,154
Cash at bank and in hand54/58€1,723€2,148▲
Deferred charges and accrued income490/1€1.5m€1.3m▼
Equity and liabilities
Total equity and liabilities10/49€69.4m€63.1m▼
Equity10/15€51.3m€53.6m▲
Contributions10/11€49.8m€49.8m=
Capital10€49.8m€49.8m=
Issued capital100€49.8m€49.8m=
Reserves13€124,522€238,747▲
Non-distributable reserves130/1€124,522€238,747▲
Legal reserve130€124,522€238,747▲
Profit (loss) carried forward14€1.4m€3.6m▲
Amounts payable17/49€18.1m€9.5m▼
Amounts payable after more than one year17€15.0m€2.3m▼
Other amounts payable178/9€15.0m€2.3m▼
Amounts payable within one year42/48€1.0m€1.1m▲
Trade debts44€348,025€184,111▼
Suppliers440/4€348,025€184,111▼
Taxes, remuneration and social security45€679,811€952,926▲
Taxes450/3€679,811€952,926▲
Accrued charges and deferred income492/3€2.1m€6.0m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.7m€3.7m▼
Other operating charges640/8€138,990€133,028▼
Gross operating margin9900€7.4m€7.8m▲
Operating profit (loss)9901€3.6m€4.0m▲
Financial income75/76B-€23
Recurring financial income75-€23
Financial charges65/66B€1.7m€915,350▼
Recurring financial charges65€1.7m€915,350▼
Profit (loss) for the period before taxes9903€1.9m€3.1m▲
Income taxes67/77€385,587€834,292▲
Profit (loss) for the period9904€1.5m€2.3m▲
Profit (loss) for the period to be appropriated9905€1.5m€2.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.5m€3.7m▲
Profit (loss) brought forward from the previous period14P-€39,133€1.4m▲
Transfer to equity691/2€74,522€114,225▲
To the legal reserve6920€74,522€114,225▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€196,724-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.9m€3.6m€3.7m€3.7m€3.7m▼ 0.1%
Other operating charges640/8€979€83,739€434,698€138,990€133,028▼ 4.3%
Gross operating margin9900€4.7m€5.9m€7.2m€7.4m€7.8m▲ 5.1%
Operating profit (loss)9901€1.8m€2.2m€3.2m€3.6m€4.0m▲ 10.5%
Financial income75/76B€16,001€8,070€24,552-€23-
Recurring financial income75€16,001€8,070€24,552-€23-
Financial charges65/66B€1.4m€1.6m€2.7m€1.7m€915,350▼ 47.2%
Recurring financial charges65€1.4m€1.6m€2.7m€1.7m€915,350▼ 47.2%
Profit (loss) for the period before taxes9903€367,923€640,137€526,222€1.9m€3.1m▲ 62.8%
Income taxes67/77---€385,587€834,292▲ 116%
Profit (loss) for the period9904€367,923€640,137€526,222€1.5m€2.3m▲ 49.4%
Profit (loss) for the period to be appropriated9905€367,923€640,137€526,222€1.5m€2.3m▲ 49.4%
Line20212022202320242025Change
Assets
Total assets20/58€84.5m€79.0m€81.1m€69.4m€63.1m▼ 9.1%
Fixed assets21/28€75.5m€72.5m€68.9m€65.3m€61.6m▼ 5.6%
Tangible fixed assets22/27€75.5m€72.5m€68.9m€65.3m€61.6m▼ 5.6%
Land and buildings22€9.7m€9.4m€9.0m€8.7m€8.4m▼ 3.6%
Other tangible fixed assets26€64.5m€61.9m€58.8m€55.5m€52.1m▼ 6.0%
Assets under construction and advance payments27€1.4m€1.2m€1.1m€1.1m€1.1m=
Current assets29/58€8.9m€6.5m€12.2m€4.2m€1.5m▼ 64.4%
Amounts receivable within one year40/41€355,952€4.6m€10.5m€2.7m€147,865▼ 94.5%
Trade receivables40€355,952€4.6m€10.5m€2.7m€137,711▼ 94.9%
Other amounts receivable41-€2,421€2,421-€10,154-
Current investments50/53€243,902€200,401----
Cash at bank and in hand54/58€7.1m€1,017€59,906€1,723€2,148▲ 24.7%
Deferred charges and accrued income490/1€1.2m€1.7m€1.6m€1.5m€1.3m▼ 8.7%
Equity and liabilities
Total equity and liabilities10/49€84.5m€79.0m€81.1m€69.4m€63.1m▼ 9.1%
Equity10/15€48.6m€49.3m€49.8m€51.3m€53.6m▲ 4.5%
Contributions10/11€49.8m€49.8m€49.8m€49.8m€49.8m=
Capital10€49.8m€49.8m€49.8m€49.8m€49.8m=
Issued capital100€49.8m€49.8m€49.8m€49.8m€49.8m=
Reserves13€50,000€50,000€50,000€124,522€238,747▲ 91.7%
Non-distributable reserves130/1€50,000€50,000€50,000€124,522€238,747▲ 91.7%
Legal reserve130€50,000€50,000€50,000€124,522€238,747▲ 91.7%
Profit (loss) carried forward14-€1.2m-€565,355-€39,133€1.4m€3.6m▲ 153%
Amounts payable17/49€35.8m€29.7m€31.3m€18.1m€9.5m▼ 47.6%
Amounts payable after more than one year17€34.5m€29.1m€30.6m€15.0m€2.3m▼ 84.4%
Other amounts payable178/9€34.5m€29.1m€30.6m€15.0m€2.3m▼ 84.4%
Amounts payable within one year42/48€1.3m€604,829€676,236€1.0m€1.1m▲ 10.6%
Trade debts44€1.3m€508,076€222,218€348,025€184,111▼ 47.1%
Suppliers440/4€1.3m€508,076€222,218€348,025€184,111▼ 47.1%
Taxes, remuneration and social security45€23,783€96,753€454,018€679,811€952,926▲ 40.2%
Taxes450/3€23,783€96,753€454,018€679,811€952,926▲ 40.2%
Accrued charges and deferred income492/3---€2.1m€6.0m▲ 182%
Line20212022202320242025Change
Profit (loss) for the period9904€367,923€640,137€526,222€1.5m€2.3m▲ 49.4%
+ Depreciation and write-downs630€2.9m€3.6m€3.7m€3.7m€3.7m▼ 0.1%
Operating cash flow (approximation)€3.2m€4.3m€4.2m€5.2m€5.9m▲ 14.5%
Investment in fixed assets (approximation)--€535,520-€105,848€0€0-
Change in cash--€7.1m€58,889-€58,184€426▲ 101%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
17-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 17 days late
07-08
State Gazette act Resignations: GHEMIC BV (director) and OPUS TERRAE BV (director)
Appointments: One Holding BV (director) and J.ET Consulting BV (director) · Registered-office move · Shareholding11 facts ▸
  • General meeting, 24-07-2026
  • Director resignation, GHEMIC BV (director)
  • Director resignation, OPUS TERRAE BV (director)
  • Director appointment, One Holding BV (director)
  • Director appointment, J.ET Consulting BV (director)
  • Board meeting, 24-07-2026
  • Director resignation, OPUS TERRAE BV (chair of the board and managing director)
  • Director appointment, One Holding BV (managing director)
  • Director in office, One Holding BV (managing director)
  • Registered-office move, Oude Bosuilbaan 54A, 2100 Antwerpen
  • Shareholding, artikel 2:8, §4 van het Wetboek van vennootschappen en vereningen
31-07
State Gazette act Capital & shares
Capital decrease · Statutes amendment · Power of attorney6 facts ▸
  • General meeting, 24-07-2026
  • Capital decrease, €35.000.000
  • Other statement, Vaststelling van de verwezenlijking van de kapitaalvermindering, TWEEDE BESLISSING
  • Statutes amendment, 5
  • Other statement, Volmacht voor de coördinatie van de statuten, VIERDE BESLISSING
  • Power of attorney
2025
31-12
Financial Highest result since 2018net €2.3m ▲49.4%
Operating result €4.0m, net result €2.3m, both a record.
19-09
State Gazette act Resignation: Michael GHEYSENS (director)
Appointment: GHEMIC (director) · Permanent representative: Michael GHEYSENS4 facts ▸
  • General meeting, 30-06-2025
  • Director resignation, Michael GHEYSENS (director)
  • Director appointment, GHEMIC (director)
  • Permanent representative, Michael GHEYSENS
04-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
27-05
State Gazette act Reappointments: KPMG Bedrijfsrevisoren (statutory auditor) and OPUS TERRAE (managing director)
Permanent representative: Paul GHEYSENS6 facts ▸
  • General meeting, 10-06-2024
  • Board meeting, 21-02-2025
  • Auditor reappointment, KPMG Bedrijfsrevisoren
  • Director reappointment, OPUS TERRAE (managing director)
  • Director reappointment, OPUS TERRAE (chair of the board)
  • Permanent representative, Paul GHEYSENS
2024
31-12
Financial Equity above €50mEq €51.3m ▲3.1%
4 profitable years in a row build equity to €51.3m.
05-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-11
State Gazette act Resignations: Simon GHEYSENS, OPUS TERRAE and Michael GHEYSENS
Reappointments: OPUS TERRAE (director) and Michael GHEYSENS (director) · Permanent representative: Paul GHEYSENS · Statutes amendment12 facts ▸
  • General meeting, 23-11-2023
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Director resignation, Simon GHEYSENS (director)
  • Director resignation, OPUS TERRAE (director)
  • Director resignation, Michael GHEYSENS (director)
  • Director reappointment, OPUS TERRAE (director)
  • Director reappointment, Michael GHEYSENS (director)
  • Permanent representative, Paul GHEYSENS
  • Capital, €49.787.000
  • Power of attorney, Delphine Verpoest
05-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
18-01
State Gazette act Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Melissa CARTON and Paul GHEYSENS4 facts ▸
  • General meeting, 24-06-2021
  • Auditor reappointment, KPMG Bedrijfsrevisoren
  • Permanent representative, Melissa CARTON
  • Permanent representative, Paul GHEYSENS
2021
31-12
Financial Back to profitnet €367,923
Net result €367,923 after 2 loss-making years.
13-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
20-01
State Gazette act Permanent representatives: Joachim HOEBEECK and Melissa CARTON
2 facts ▸
  • Permanent representative, Joachim HOEBEECK
  • Permanent representative, Melissa CARTON
2020
31-12
Financial Weakest financial yearnet -€737,140
Net result drops to -€737,140, the lowest in the series; recovery starts the following year.
13-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Liquidity times 12current ratio 14.25
Current ratio from 1.22 to 14.25; short-term debt falls from €8.0m to €539,837.
31-12
Financial Equity above €25mEq €49.0m ▲341%
Equity rises from €11.1m to €49.0m.
02-12
State Gazette act Permanent representative: Paul Gheysens
Capital increase · Share issue · Capital8 facts ▸
  • General meeting, 20-11-2019
  • Capital increase, €38.287.000
  • Share issue, nieuwe aandelen zonder aanduiding van nominale waarde, 38287
  • Capital, €49.787.000
  • Statutes amendment
  • Power of attorney, Delphine Verpoest
  • Permanent representative, Paul Gheysens
  • Contribution in kind, een reeks schuldvorderingen van Ghelamco Invest NV, zijnde lange-termijn financieringen en de gerelateerde gecumuleerde interesten
11-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-12
State Gazette act Reappointments: OPUS TERRAE, Simon GHEYSENS and Michael GHEYSENS
Permanent representative: Paul GHEYSENS · Resignation: DELOITTE BEDRIJFSREVISOREN (statutory auditor) · Appointment: KPMG BEDRIJFSREVISOREN (statutory auditor)7 facts ▸
  • General meeting, 26-06-2018
  • Director reappointment, OPUS TERRAE (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur)
  • Permanent representative, Paul GHEYSENS
  • Director reappointment, Simon GHEYSENS (director)
  • Director reappointment, Michael GHEYSENS (director)
  • Auditor resignation, DELOITTE BEDRIJFSREVISOREN (statutory auditor)
  • Auditor appointment, KPMG BEDRIJFSREVISOREN (statutory auditor)
05-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
23-05
State Gazette act Reappointment: DELOITTE BEDRIJFSREVISOREN (statutory auditor)
Permanent representative: Paul GHEYSENS3 facts ▸
  • General meeting, 27-06-2017
  • Auditor reappointment, DELOITTE BEDRIJFSREVISOREN
  • Permanent representative, Paul GHEYSENS
20-02
State Gazette act Capital & shares
Capital increase · Share issue · Capital6 facts ▸
  • General meeting, 02-02-2018
  • Capital increase, €10.000.000
  • Share issue, aandelen zonder aanduiding van nominale waarde, 10000
  • Capital, €11.500.000
  • Statutes amendment
  • Power of attorney, DASZKOWSKA Iwona
2017
26-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
12-05
State Gazette act Reappointment: DELOITTE BEDRIJFSREVISOREN (statutory auditor)
Permanent representatives: Rik NECKEBROECK and Paul GHEYSENS4 facts ▸
  • General meeting, 26-06-2014
  • Auditor reappointment, DELOITTE BEDRIJFSREVISOREN (statutory auditor)
  • Permanent representative, Rik NECKEBROECK
  • Permanent representative, Paul GHEYSENS
16-01
State Gazette act Capital & shares
Capital increase · Bank account · Capital6 facts ▸
  • General meeting, 19-12-2014
  • Capital increase, €1.000.000
  • Bank account, BNP PARIBAS FORTIS BANK
  • Capital, €1.500.000
  • Statutes amendment
  • Power of attorney, Siska Verlinde
2012
15-10
State Gazette act Resignations: Paul GHEYSENS (director) and OPUS TERRAE (director and managing director)
Appointments: OPUS TERRAE, Paul GHEYSENS and 2 others · Permanent representative: Paul GHEYSENS · Power of attorney9 facts ▸
  • General meeting, 03-09-2012
  • Director resignation, Paul GHEYSENS (director)
  • Director resignation, OPUS TERRAE (director and managing director)
  • Director appointment, OPUS TERRAE (director and managing director)
  • Director appointment, Paul GHEYSENS (director and chair of the board)
  • Director appointment, Michael GHEYSENS (director)
  • Director appointment, Simon GHEYSENS (director)
  • Permanent representative, Paul GHEYSENS
  • Power of attorney, OPUS TERRAE
2011
22-04
State Gazette act Appointment: DELOITTE BEDRIJFSREVISOREN (statutory auditor)
Permanent representatives: Rik NECKEBROECK and Paul GHEYSENS4 facts ▸
  • General meeting, 06-04-2011
  • Auditor appointment, DELOITTE BEDRIJFSREVISOREN
  • Permanent representative, Rik NECKEBROECK
  • Permanent representative, Paul GHEYSENS
2010
25-05
State Gazette act Incorporation
Appointments: OPUS TERRAE (director) and GHEYSENS Paul Hilaire Augusta (director) · Permanent representative: GHEYSENS Paul Hilaire Augusta · Founder10 facts ▸
  • Incorporation, 11-05-2010
  • Founder, INTERNATIONAL REAL ESTATE CONSTRUCTION
  • Founder, GHEYSENS Paul Hilaire Augusta
  • Founding capital, €500.000
  • Bank account, DEXIA
  • Director appointment, OPUS TERRAE (director)
  • Director appointment, GHEYSENS Paul Hilaire Augusta (director)
  • Director appointment, OPUS TERRAE (managing director)
  • Permanent representative, GHEYSENS Paul Hilaire Augusta
  • Power of attorney, Peter Lembrechts
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 17 acts read
About the unread acts

Of the 17 Belgian State Gazette acts we know for this company, 16 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 directors, 1 in day-to-day management, last change in 2026

Board 4

OPUS TERRAE
Director · since 23-11-2023 · Legal entity · perm. rep.: GHEYSENS Paul Hilaire Augusta
Current
GHEMIC
Director · since 30-06-2025 · Private limited company · perm. rep.: Michael GHEYSENS
Current
J.ET Consulting
Director · since 07-08-2026 · Private limited company · perm. rep.: Sven Jaecques
Current
One Holding
Director · since 07-08-2026 · Private limited company · perm. rep.: Wouter Vandenhaute
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
GHEYSENS Paul Hilaire Augusta
Director · since 11-05-2010
Not recently confirmed
Paul GHEYSENS
Director and chair of the board · since 03-09-2012
Not recently confirmed

Day-to-day management 1

One Holding
Managing director · since 07-08-2026 · Private limited company · perm. rep.: Wouter Vandenhaute
Current

Permanent representatives 4

GHEYSENS Paul Hilaire Augusta
Permanent representative · since 23-11-2023 · for OPUS TERRAE
Current
Michael GHEYSENS
Permanent representative · since 30-06-2025 · for GHEMIC
Current
Sven Jaecques
Permanent representative · since 07-08-2026 · for J.ET Consulting
Current
Wouter Vandenhaute
Permanent representative · since 07-08-2026 · for One Holding
Current

Statutory auditor 1

KPMG Bedrijfsrevisoren
Auditor · since 26-06-2018
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 17 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2010
seat establishment The establishment unit on the map
Ground area
3.6 ha
Building footprint
1.4 ha
Volume, LiDAR
67,775 m³
2 parcels, Flanders · tallest building 49.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
DOCORA
Zwaanhofweg 10, 8900 IeperReal estate activities
since 20102.188.135.502
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11342A0255/00F004 Flanders 3.0 ha 1 · 1.2 ha 49.0 m
33305B1021/00D002 Flanders 5,629 m² 1 · 1,997 m² 8.8 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

12 people since 2010, 7 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
OPUS TERRAE
  • Director, from 11-05-2010 to 03-09-2012
  • Managing director, from 11-05-2010 to 03-09-2012
  • Director and managing director, from 03-09-2012 to 23-11-2023
  • Director and managing director, from 03-09-2012 ended, last mentioned 15-10-2012
  • Director, already before 23-11-2023 to date
GHEMIC
  • Director, from 30-06-2025 to date
J.ET Consulting
  • Director, from 07-08-2026 to date
One Holding
  • Director, from 07-08-2026 to date
  • Managing director, from 07-08-2026 to date
KPMG Bedrijfsrevisoren
  • Auditor, from 26-06-2018 to date
GHEYSENS Paul Hilaire Augusta
  • Director, from 11-05-2010 not ended, last confirmed 25-05-2010
Paul GHEYSENS
  • Director, until 03-09-2012
  • Director and chair of the board, from 03-09-2012 not ended, last confirmed 15-10-2012
Ghemic BV
  • Director, until 07-08-2026
OPUS TERRAE
  • Bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur, already before 26-06-2018 to 07-08-2026
  • Bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur, already before 26-06-2018 ended, last mentioned 27-05-2025
  • Chair of the board, already before 21-02-2025 to 07-08-2026
  • Chair of the board and managing director, until 07-08-2026
Michael Gheysens
  • Director, from 03-09-2012 to 30-06-2025
Simon GHEYSENS
  • Director, from 03-09-2012 to 23-11-2023
Deloitte Bedrijfsrevisoren
  • Auditor, from 06-04-2011 to 26-06-2018
See the board, name and seat on a given date →

Articles of association

Purpose
1. In het algemeen bouwpromotor en algemene bouwwerkzaamheden al dan niet in coördinatie met onderaannemers. 2. Onderneming voor het optrekken van gebouwen en allerhande bouwwerken…
Full purpose

1. In het algemeen bouwpromotor en algemene bouwwerkzaamheden al dan niet in coördinatie met onderaannemers. 2. Onderneming voor het optrekken van gebouwen en allerhande bouwwerken evenals het uitbaten van een algemene bouwonderneming waarvan de werken eventu-eel worden uitgevoerd door onderaanne-mers, het uitvoeren van herstel-lingswerken in de ruimste zin van het woord, dit zowel voor eigen rekening als voor rekening van derden, evenals de handel in onroerende goederen. De verhuur en de verkoop van de aldus opgetrokken bouwwerken. 3. Het aankopen, verkopen, verhandelen, verpachten, splitsen, samenvoegen, ruilen, verkavelen, in waarde brengen, ontwikkelen, beheren, de engineering, het commercialiseren, aanpassen door urbanisatie, riolering en wegenaanleg, uitbaten, huren, verhuren, onder(ver)huren, omvormen, bouwen, verbouwen, financieren, hypothekeren van onroerende goederen en roerende installaties in de ruimste zin van het woord, zowel ongebouwd, in opbouw, als bebouwd, en alle onroerende verrichtingen en handelingen voor eigen rekening, voor rekening van derden of in deelneming met derden, ontwer-pen, aangaan, doen uitvoeren of bevorderen. 4. Het ontwerpen of laten ontwerpen van plannen voor gebouwen, sportvelden en recreatieterreinen, stedenbouw en ruimtelijke ordening, restauratie en herin-richting van bestaande gebouwen, evenals het opmaken van lastenkohiers en het vervullen van alle administratieve formaliteiten. 5. De coördinatie van de oprichting van bouwwerken voor eigen rekening zowel als voor derden. 6. De vennootschap heeft eveneens tot voorwerp: de onderneming voor stallenbouw en hangaarbouw en industriële complexen; de onderneming in onroerende goede-ren, de onderneming voor rioleringswerken; de onderneming voor grond-werken; de onderne-ming voor fundering, voor het heien van palen en damplanken en voor versterking-wer-ken van de bodem volgens allerlei methodes; de onder-neming voor draineringwerken; de onderneming voor het bouwen van nietmetalen kunstwer-ken, met uitzonde-ring van de zee- en rivierwerken; algemene bouwonderneming, ruwbouw en onderdak-stel-ling, de aanne-ming van voltooiingwerken al dan niet uit te voeren in coördinatie met onder-aannemers; de onderneming voor het bouwen, herstellen en onderhou-den van wegen; de onderneming voor het leggen van kabels en diverse leidingen; de onderne-ming voor het bouwen van stellingen alsmede het invoegen en reinigen van de gevels; de onderneming voor slopingwerken van gebouwen en kunst-werken; de onderneming voor het optrek-ken van nietmetalen, uitneembare paviljoenen en barakken, de onderneming voor het plaatsen van afsluitingen, de onderneming voor het waterdicht maken en bedekken van gebou-wen anders dan met asfalt en teer en met asfalt en teer; de onderneming voor het droogmaken van gebouwen, anders dan met asfalt en teer; de onderneming voor warmte- en geluidsiso-lering; de onderneming voor het plaatsen van chapes en industriële bevloe-ring; de onderneming voor het vervaardi-gen en plaatsen van sierschouwen of andere versierin-gen van marmer of steen (geen activiteit van marmerbewer-king), de onderne-ming voor het plaatsen van ijzerwerk, metalen luiken en metalen schrijn-werk; de onderneming voor het plaatsen van ventila-tie en verluchting; van verwarming met warme lucht, van luchtregeling en van industriële pijpleidingen; de onderneming voor het plaatsen, onderhouden en herstellen van alle soorten branders; de onderneming voor het installeren van werkplaats voor het bereiden van voedsel; de onderneming voor het installeren van pompstations en zuiveringsinstallaties van water; de onderne-ming voor het plaatsen van bliksem-afleiders; de aanneming van infrastructuurwerken, tuinaanleg en omgevingswer-ken; de aanne-ming van elektriciteits-werken, chauffage- en sanitairwerken, pleister-wer-ken, decoratie- en schilderwerken, algemene schrijn-werken, dakbedekkingwerken, metselwerken, liftinstallaties, vloerbekledingwerken, alu- en ijzerwerken, zinkwer-ken, rioleringswerken; de groot- en kleinhandel in bouwmaterialen, isolatiematerialen, dakbedekkingmaterialen en sanitaire artikelen, elektrische toestel-len, verlichtingsarti-kelen en houtproducten. 7. Het patrimonium, waaron-der onroerende goederen kunnen voorkomen, te behou-den, en in de ruimste zin van het woord te beheren en oordeelkundig uit te breiden. 8. Het beheer, het verwerven, het instandhouden van een onroerend vermogen en de huurfinanciering van onroe-rende goederen aan derden, evenals alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, zoals het onderhoud, het valoriseren, de verbou-wing, de bebouwing, de ontwikke-ling, de verfraaiing, het in huur nemen en de verhuring van deze goede-ren evenals zich borgstellen voor het goede verloop van verbintenissen door derde personen aange-gaan die het genot zouden hebben van deze onroe-rende goederen. 9. De handel in allerhande goederen; alle structuren en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten die eruit voortvloeien. 10. Tevens zal de vennootschap zich kunnen inlaten met alle vormen van beheer en van beleggingen in effecten en roerende goederen. 11. Het verrichten van leasingoperaties met betrekking tot roerende of onroeren-de goederen. 12. Zij kan ondermeer belangen nemen in iedere onderneming waarvan het voorwerp gelijk-aardig, in overeenstemming met of verwant is met haar voorwerp, of aan deze toestaan tussen te komen, deel te nemen of te participeren in haar bedrijf. Het beheren van vennoot-schappen welk voorwerp deze vennoot-schappen ook mochten hebben. Bij te dragen tot de vesti-ging en de ont-wikkeling van onder-nemin-gen en inzon-der-heid het bevorde-ren van de oprichting van vennootschap-pen door inbreng, parti-ci-pa-tie of investe-ring. 13. Het waarnemen van alle bestuurs- of analoge opdrach-ten en functies in andere vennoot-schappen, het directie-voeren over onderne-mingen. 14. Het uitoefenen van de opdracht van vereffenaar. 15. Zij mag betrokken zijn bij wijze van inbreng, samensmel-ting, inschrijving of op elke andere wijze, in de ondernemin-gen, verenigingen of vennootschappen, die een gelijkaardig, soortgelijk of samenhan-gend voorwerp hebben of die nuttig zijn voor de verwezenlijking van het geheel of een deel van haar voorwerp. 16. De vennootschap kan borgstellingen afleveren en zekerheden stellen voor rekening van om het even welke vennootschap of private personen en inzon-der-heid voor haar aandeelhouders en voor ondernemingen die rechtstreeks of onrechtstreeks met haar of haar aandeelhouders verbonden zijn. 17. Het toestaan van leningen en kredietopeningen aan vennoot-schappen of particulie-ren onder om het even welke vorm, met uitsluiting van de verrichtingen die wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaar-kas-sen, hypotheekmaatschappijen en kapitalisatieondernemingen; 18. Het produceren, uitbaten, verhandelen, invoeren en uitvoeren van alle goederen en diensten, welke met haar voorwerp verband houden. Ten dien einde zal zij, zowel in België als in het buitenland, zowel voor eigen rekening als voor rekening van derden, alle commerciële, ambachtelijke, industriële, financiële, roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband met haar voorwerp of die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden. De vennootschap mag op om het even welke wijze betrokken zijn in zaken, ondernemingen, verenigingen of vennootschappen, zowel in België als in het buitenland, die hetzelfde, een gelijkaardig of verwant voorwerp hebben of waarvan het voorwerp in enig verband met het hare staat. Zij kan zich ten gunste van vennootschappen borgstellen of haar aval verlenen, optreden als haar agent of vertegenwoordiger, bestuurdersmandaten vervullen, voorschotten toestaan, kredieten verlenen, hypothecaire of andere zekerheden verstrekken. De vennootschap mag niet aan vermogensbeheer of beleggingsadvies doen als bedoeld in de wet op de financiële transacties en de financiële markten en de wet over het vermogensbeheer en het beleggingsadvies. De vennootschap zal zich dienen te onthouden van werkzaamheden die onderworpen zijn aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet. De algemene vergadering, beraadslagend en stemmend in de voorwaarden vereist voor de wijzigingen aan de statuten, kan het voorwerp der vennootschap uitleggen, verklaren en uitbreiden.

Structure & network

Part of the group GHELAMCO GROUP 65 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. GHELAMCO GROUP 86.17%
  2. GHELAMCO INVEST 99.99%
  3. DOCORA

Highest known parent: GHELAMCO GROUP. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

6 connected companies
Linked via shared directors
De Nieuwe Filature
Shared director
→
EUROSTADIUM EVENTS
Shared director
→
Kubel
Shared director
→
→
Show 2 more companies with a shared director
LIGORA
Shared corporate director
→
ROYAL ANTWERP FOOTBALL CLUB
Shared corporate director
→

Capital and shareholders

Shareholders according to the acts
Stated in the act act of 07-08-2026 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 31-07-2026 Capital reduction of 35,000,000 EUR · to 14,787,000 EUR · “zonder vernietiging van aandelen”
  2. 29-11-2023 Capital stated in the act · 49,787,000 EUR · 49,787 shares
  3. 02-12-2019 Capital increase of 38,287,000 EUR · to 49,787,000 EUR · 38,287 new shares · in kind
  4. 20-02-2018 Capital increase of 10,000,000 EUR · to 11,500,000 EUR · 10,000 new shares · in kind
  5. 16-01-2015 Capital increase of 1,000,000 EUR · to 1,500,000 EUR · 1,000 new shares
  6. 25-05-2010 Incorporation · 500,000 EUR

Similar companies · same sector, comparable size

Of 206 companies in sector 68202 we hold annual accounts for 190. 125 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded12-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68202Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0825881259
Also 9925:BE0825881259

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.