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SETTLEMENTS

Inactive
Public limited companyKBO/BCE: BE 0899.581.859

Inactive since 14-10-2026; last annual accounts for financial year 2025. Dissolved and wound up in a single deed; no liquidator appointed; books and records kept in Bruxelles.

SETTLEMENTSInactive

Overview

Activity
“Toutes activités ou opérations se rapportant directement ou indirectement à l’achat, la vente, la…” (deed in French)
From the articles, 4 activitiesNo NACE code in the KBO yet
Size
€22.2mtotal assets 2025
Equity
€19.3m
Profit
€4.5m
Financial health
Inactive: no score
Structure
4 of 24 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
15 days early
2024
56 days late
2023
65 days late
2022
78 days late
2021
334 days late
2020
555 days late
2019
356 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 204 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignations & appointments · End &…Resignation: LaCambre Invest (director) ·…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Resignation: Paul André Marie Thérèse Ghislain…Appointment: LaCambre Invest SRL (sole…

Financials · financial year 2025, full format

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4.5m
2024 · -€331,940
Working capital
€19.3m▲ 30.4%
2024 · €14.8m
Trend over the years

2021 to 2025, 5 financial years 2020 to 2025, 6 financial years

The operating result stays negative: a loss of €4.6m in 2025 against €764,163 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€4.6m 2025 Net result€4.5m 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line202020212022202320242025
Operating result-€1.7m--€1.5m▲ 12.0%-€1.4m▲ 6.1%-€1.2m▲ 12.2%-€0.8m▲ 38.5%-€4.6m▼ 502%
Net result-€10.3m-€46.7m€2.0m▼ 95.8%-€10.0m-€0.3m▲ 96.7%€4.5m
Equity-€181.3m-€23.1m€25.1m▲ 8.5%€15.1m▼ 39.7%€14.8m▼ 2.2%€19.3m▲ 30.4%
Total assets€28.9m-€29.8m▲ 2.8%€30.6m▲ 2.6%€24.4m▼ 20.2%€23.5m▼ 3.7%€22.2m▼ 5.5%
Debt€210.3m-€6.6m▼ 96.8%€5.4m▼ 17.8%€9.2m▲ 69.5%€8.7m▼ 6.3%€2.9m▼ 66.8%
Working capital-€12.2m-€24.3m€25.1m▲ 3.4%€15.7m▼ 37.3%€14.8m▼ 5.9%€19.3m▲ 30.4%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €22.2m
Equity €19.3m ▲ 30.4%
Debt €2.9m ▼ 66.8%
Debt's share of the balance-sheet total falls from 36.9% to 12.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
7.73▲
2024 · 2.71
Debt to equity
0.15▼
2024 · 0.58
ROE
23.3%▲
2024 · -2.2%
ROA
20.3%▲
2024 · -1.4%
Debt ≤ 1 year
€2.9m▼
2024 · €8.7m
Income taxes
-€8.4m▼
2024 · €179,916
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€23.5m€22.2m▼
Current assets29/58€23.5m€22.2m▼
Amounts receivable within one year40/41€21.3m€17.9m▼
Trade receivables40€0.5m€0▼
Other amounts receivable41€20.9m€17.9m▼
Cash at bank and in hand54/58€1.5m€3.0m▲
Deferred charges and accrued income490/1€0.6m€1.2m▲
Equity and liabilities
Total equity and liabilities10/49€23.5m€22.2m▼
Equity10/15€14.8m€19.3m▲
Contributions10/11€265.9m€265.9m=
Capital10€220.3m€220.3m=
Issued capital100€220.3m€220.3m=
Contributions outside capital11€45.5m€45.5m=
Share premium1100/10€45.5m€45.5m=
Profit (loss) carried forward14-€251.1m-€246.6m▲
Amounts payable17/49€8.7m€2.9m▼
Amounts payable within one year42/48€8.7m€2.9m▼
Trade debts44€0.08m€2.7m▲
Suppliers440/4€0.08m€2.7m▲
Taxes, remuneration and social security45€8.6m€0.2m▼
Taxes450/3€8.6m€0.2m▼
Other amounts payable47/48€0.002m€0▼
Accrued charges and deferred income492/3€0-
Income statement Code20242025
Other operating charges640/8€0.002m€0.001m▼
Gross operating margin9900-€0.8m-€4.6m▼
Operating profit (loss)9901-€0.8m-€4.6m▼
Financial income75/76B€0.6m€0.7m▲
Recurring financial income75€0.6m€0.7m▲
Financial charges65/66B€0.01m€0.007m▼
Recurring financial charges65€0.01m€0.007m▼
Profit (loss) for the period before taxes9903-€0.2m-€3.9m▼
Income taxes67/77€0.2m-€8.4m▼
Profit (loss) for the period9904-€0.3m€4.5m▲
Profit (loss) for the period to be appropriated9905-€0.3m€4.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€251.1m-€246.6m▲
Profit (loss) brought forward from the previous period14P-€250.7m-€251.1m▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202020212022202320242025Change
Operating income70/76A€0.005m€0.01m€0.09m----
Other operating income74€0.005m€0.01m€0.09m----
Operating charges60/66A€1.7m€1.5m€1.5m----
Services and other goods61€1.7m€1.5m€1.5m----
Other operating charges640/8€0.001m€348€348€0.05m€0.002m€0.001m▼ 53.1%
Gross operating margin9900----€1.2m-€0.8m-€4.6m▼ 504%
Operating profit (loss)9901-€1.7m-€1.5m-€1.4m-€1.2m-€0.8m-€4.6m▼ 502%
Financial income75/76B€2.8m€64.3m€3.6m€0.6m€0.6m€0.7m▲ 6.6%
Recurring financial income75€0.01m€0.1m€3.6m€0.6m€0.6m€0.7m▲ 6.6%
Income from current assets751--€0.05m----
Other financial income752/9€0.01m€0.1m€3.5m----
Non-recurring financial income76B€2.8m€64.2m€0----
Financial charges65/66B€11.4m€13.1m€0.02m€1.3m€0.01m€0.007m▼ 41.4%
Recurring financial charges65€11.4m€10.9m€0.02m€1.3m€0.01m€0.007m▼ 41.4%
Debt charges650€11.1m€10.9m€0.001m----
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0------
Other financial charges652/9€0.3m€0.01m€0.02m----
Non-recurring financial charges66B€0€2.1m€0----
Profit (loss) for the period before taxes9903-€10.3m€49.7m€2.1m-€2.0m-€0.2m-€3.9m▼ 2,494%
Income taxes67/77-€3.0m€0.2m€8.0m€0.2m-€8.4m-
Taxes670/3-€3.0m€0.2m----
Profit (loss) for the period9904-€10.3m€46.7m€2.0m-€10.0m-€0.3m€4.5m-
Profit (loss) for the period to be appropriated9905-€10.3m€46.7m€2.0m-€10.0m-€0.3m€4.5m-
Line202020212022202320242025Change
Assets
Total assets20/58€28.9m€29.8m€30.6m€24.4m€23.5m€22.2m▼ 5.5%
Fixed assets21/28€27.7m€0-----
Financial fixed assets28€27.7m€0-----
Other financial fixed assets284/8€27.7m€0-----
Shares284€27.7m€0-----
Current assets29/58€1.3m€29.8m€30.6m€24.4m€23.5m€22.2m▼ 5.5%
Stocks and contracts in progress3€0€0€0----
Amounts receivable within one year40/41€0.06m€0€1.2m€20.9m€21.3m€17.9m▼ 15.9%
Trade receivables40€0.03m€0€0.02m€0.4m€0.5m€0▼ 100%
Other amounts receivable41€0.03m€0€1.2m€20.5m€20.9m€17.9m▼ 14.1%
Current investments50/53--€27.7m€0---
Other investments51/53--€27.7m----
Cash at bank and in hand54/58€1.2m€29.8m€1.1m€3.4m€1.5m€3.0m▲ 104%
Deferred charges and accrued income490/1€0€0.006m€0.6m€0.03m€0.6m€1.2m▲ 90.7%
Equity and liabilities
Total equity and liabilities10/49€28.9m€29.8m€30.6m€24.4m€23.5m€22.2m▼ 5.5%
Equity10/15-€181.3m€23.1m€25.1m€15.1m€14.8m€19.3m▲ 30.4%
Contributions10/11€108.1m€265.9m€265.9m€265.9m€265.9m€265.9m=
Capital10€94.8m€220.3m€220.3m€220.3m€220.3m€220.3m=
Issued capital100€94.8m€220.3m€220.3m€220.3m€220.3m€220.3m=
Contributions outside capital11€13.3m€45.5m€45.5m€45.5m€45.5m€45.5m=
Share premium1100/10€13.3m€45.5m€45.5m€45.5m€45.5m€45.5m=
Profit (loss) carried forward14-€289.4m-€242.7m-€240.8m-€250.7m-€251.1m-€246.6m▲ 1.8%
Amounts payable17/49€210.3m€6.6m€5.4m€9.2m€8.7m€2.9m▼ 66.8%
Amounts payable after more than one year17€196.7m€0-----
Financial debts170/4€196.7m€0-----
Unsubordinated bonds171€196.7m€0-----
Amounts payable within one year42/48€13.5m€5.5m€5.4m€8.6m€8.7m€2.9m▼ 66.8%
Financial debts43--€0.006m€0---
Credit institutions430/8--€0.006m€0---
Trade debts44€0.3m€0.2m€0.09m€0.2m€0.08m€2.7m▲ 35×
Suppliers440/4€0.3m€0.2m€0.09m€0.2m€0.08m€2.7m▲ 35×
Taxes, remuneration and social security45€0.05m€5.2m€5.3m€8.4m€8.6m€0.2m▼ 97.5%
Taxes450/3€0.04m€5.2m€5.3m€8.4m€8.6m€0.2m▼ 97.5%
Remuneration and social security454/9€0.01m€0.01m€0.01m€0---
Other amounts payable47/48€13.1m€5€5€0.002m€0.002m€0▼ 100%
Accrued charges and deferred income492/3€0.1m€1.1m€0€0.6m€0--
Line202020212022202320242025Change
Profit (loss) for the period9904-€10.3m€46.7m€2.0m-€10.0m-€0.3m€4.5m-
Operating cash flow (approximation)-€10.3m€46.7m€2.0m-€10.0m-€0.3m€4.5m-
Investment in fixed assets (approximation)-€27.7m-----
Change in cash-€28.6m-€28.7m€2.4m-€2.0m€1.5m-

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

Download as CSV

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 16-07-2026 2026-00314752
31-12-2024 full format 25-09-2025 2025-00512197
31-12-2023 full format 04-10-2024 2024-00495599
31-12-2022 full format 17-10-2023 2023-00487937
31-12-2021 full format 30-06-2023 2023-00194795
31-12-2020 full format 06-02-2023 2023-00027176
31-12-2019 full format 22-07-2021 2021-38400184
31-12-2018 full format 22-08-2019 2019-51100232
31-12-2017 full format 26-07-2018 2018-39600235
31-12-2016 full format 30-05-2017 2017-13800381

Show all 18 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2026

Board 2

Paul de SCHIETERE de LOPHEM
Sole director · since 24-04-2023
Current
LaCambre Invest
Sole director · Private limited company · permanent representative: Nadia DE WACHTER
Current

Permanent representatives 1

Nadia DE WACHTER
Permanent representative · for LaCambre Invest
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
20 of this company's 24 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

7 people since 2021, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Paul de SCHIETERE de LOPHEM
  • Sole director, from 24-04-2023 to date
LaCambre Invest
  • Sole director, from 15-05-2026 to 15-10-2026
  • Sole director, from 15-05-2026 to date
Paul André Marie Thérèse Ghislain de Lophem de Schietere
  • Sole director, until 15-05-2026
Dahdah Nabil
  • Administrateur non exécutif, from 30-06-2021 to 24-04-2023
Gommes Günther
  • Director, until 24-04-2023
Mennella Marco
  • Director, until 24-04-2023
Walters Andrew
  • Director, until 24-04-2023
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 24-04-2023 Capital stated in the deed · USD 203,295,692.60 · 14,196,570 shares

Group and network

Connections & network

2 connected companies
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors

History

Total assets went from €28.9m in 2020 to €22.2m in 2025.1 In 2026 SETTLEMENTS was dissolved and its liquidation closed in a single deed.2

  1. 1National Bank, annual accounts 2020 and 2025
  2. 2Belgian Official Gazette, 15-10-2026

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
15-10
Gazette deed Resignations & appointments · End & cessation
Resignation: LaCambre Invest (director) · Dissolution · Liquidation distribution9 facts ▸
  • General meeting, “assemblée générale extraordinaire” (deed in French)
  • Dissolution, “dissolution et liquidation en un seul acte, unanimity” (deed in French)
  • Liquidation distribution, “créances de la Société et les créances à l'encontre des administrations fiscales et sociales, actionnaire unique” (deed in French)
  • Liquidation closure
  • Director resignation, LaCambre Invest (director)
  • Custody of records, “1000 Bruxelles, Avenue Emile De Mot 23, délai déterminé par la loi” (deed in French)
  • Declaration, “consignation des sommes” (deed in French)
  • Power of attorney, Nadia DE WACHTER
  • Declaration, “délivrance avant enregistrement, article 173, 1° bis du Code des Droits d'Enregistrement” (deed in French)
16-07
NBB filing Annual accounts filed
financial year 2025 · full format
15-05
Gazette deed Resignation: Paul André Marie Thérèse Ghislain de Lophem de Schietere (sole director)
Appointment: LaCambre Invest SRL (sole director) · Permanent representative: Nadia De Wachter · Director discharge6 facts ▸
  • General meeting, 16-03-2026
  • Director resignation, Paul André Marie Thérèse Ghislain de Lophem de Schietere (sole director)
  • Director discharge, Paul André Marie Thérèse Ghislain de Lophem de Schietere (sole director)
  • Director appointment, LaCambre Invest SRL (sole director)
  • Permanent representative, Nadia De Wachter
  • Power of attorney, LaCambre Invest SRL
2025
31-12
Financial Back to profitnet €4.5m
Net result €4.5m after 2 loss-making years.
31-12
Financial Liquidity more than doubledcurrent ratio 7.73
Current ratio from 2.71 to 7.73; short-term debt falls from €8.7m to €2.9m.
25-09
NBB filing Annual accounts filed
financial year 2024 · full format · 56 days late
2024
04-10
NBB filing Annual accounts filed
financial year 2023 · full format · 65 days late
2023
17-10
NBB filing Annual accounts filed
financial year 2022 · full format · 78 days late
30-06
NBB filing Annual accounts filed
financial year 2021 · full format · 334 days late
24-04
Gazette deed Resignations: Dahdah Nabil, Gommes Günther and 2 others
Appointment: Paul de Schietere de Lophem (sole director) · Amendment of the articles · Capital15 facts ▸
  • Other provision, “immatriculation et assujettissement TVA, Registre des Personnes Morales de Bruxelles division francophone” (deed in French)
  • Amendment of the articles, “I” (deed in French)
  • Amendment of the articles
  • Capital, “USD 203.295.692,6” (deed in French)
  • Registered office clause, “1000 Bruxelles,Avenue Emile De Mot 23” (deed in French)
  • Director resignation, Dahdah Nabil (director)
  • Director resignation, Gommes Günther (director)
  • Director resignation, Mennella Marco (director)
  • Director resignation, Walters Andrew (director)
  • Director discharge, Dahdah Nabil
  • Director discharge, Gommes Günther
  • Director discharge, Mennella Marco
  • +3 further facts in this act
17-03
Gazette deed Appointment: Nabil Dahdah (administrateur non exécutif)
2 facts ▸
  • General meeting, 30-06-2021
  • Director appointment, Nabil Dahdah (administrateur non exécutif)
06-02
NBB filing Annual accounts filed
financial year 2020 · full format · 555 days late
Show earlier events
2022
31-12
Financial Equity above €25mequity €25.1m ▲8.5%
2 profitable years in a row build equity to €25.1m.
2021
31-12
Financial Back to profitnet €46.7m
Net result €46.7m after one loss-making year.
31-12
Financial Liquidity more than 57 timescurrent ratio 5.43
Current ratio from 0.09 to 5.43; short-term debt falls from €13.5m to €5.5m.
31-12
Financial Equity above €10mequity €23.1m
Equity rises from -€181.3m to €23.1m.
22-07
NBB filing Annual accounts filed
financial year 2019 · full format · 356 days late
2019
22-08
NBB filing Annual accounts filed
financial year 2018 · full format · 22 days late
2018
26-07
NBB filing Annual accounts filed
financial year 2017 · full format
2017
30-05
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 18 annual accounts filed, the latest 10 are here; all 18 are under Financials.
4 of 24 deeds read
About the unread acts

Of the 24 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 20 have 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.
Inactive

Inactive since October 2026

SETTLEMENTS has not been in the KBO register since 14 October 2026.

Status
Inactiveout of the register since 14 October 2026
Last annual accounts
financial year to 31 December 2025
Last registered office
Avenue Emile De Mot 23, 1000 Bruxellesas published on 15 October 2026
Legal form
Public limited company
Active since
31 July 2008
Official KBO record

Recognitions · licences · registrations

Legal Entity Identifier

5493004DDHVRAMZYMB32
no longer live in the LEI register

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brussel
exact location from the address register On OpenStreetMap
Ground area
311 m²
Building footprint
237 m²
Building volume
4,702 m³
Parcel 21822R0307/00G002, Brussels · tallest building 27.6 m. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21822R0307/00G002 Brussels 311 m² 1 · 237 m² 27.6 m · 7
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Toutes activités ou opérations se rapportant directement ou indirectement à l’achat, la vente, la gestion de toutes valeurs mobilières…” (deed in French)
4 activities (deed in French)
  1. Toutes activités ou opérations se rapportant directement ou indirectement à l’achat, la vente, la gestion de toutes valeurs mobilières, actions, parts sociales, obligations, polices d’assurances, de tous biens et droit mobiliers et immobiliers, par voie d’apport, la prise de participation sous quelques formes que ce soit, dans toutes sociétés ou entreprises indépendamment de leur secteur d’activité
  2. Toutes opérations industrielles, commerciales financières, mobilières et immobilières se rapportant directement ou indirectement à son objet ou de nature à en favoriser la réalisation et le développement, tant en Belgique qu’à l’étranger
  3. Conclure toute convention d’association, de rationalisation, de collaboration, tout contrat de travail ou d’entreprise, prêter son concours financier sous quelque forme que ce soit, exécuter tous travaux et études pur toute entreprise, association ou société à laquelle elle se sera intéressée ou à laquelle elle aura apporté son concours financier, vendre, acheter, cautionner, donner bail ou prendre en location tout bien corporel ou incorporel, mobilier ou immobilier, donner à bail ou affermer tout ou partie de ses installations, exploitation et son fonds de commerce
  4. Exercer les fonctions d’administrateur ou de liquidateur dans d’autres sociétés

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
SETTLEMENTS SA
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région de Bruxelles-Capitale, transfert dans toute autre localité en Belgique par décision de l’organe d'administration publiée aux Annexes…” (deed in French)

deed of 24-04-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“La société est représentée dans les actes, y compris ceux où interviennent un fonctionnaire public ou un officier ministériel et en justice…”
Board ruleHow the board is made up, meets and takes decisions.
“Pouvoir d’accomplir tous les actes nécessaires ou utiles à l'accomplissement de l'objet, à l’exception de ceux réservés par la loi ou les…” (deed in French)

deed of 24-04-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
30 April at 14:00

deed of 24-04-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Titulaires obligations,droit souscription,certificats en collaboration voix consultative uniquement conditions actionnaires, admission à…” (deed in French)
Other provision: “Actionnaire avec droit vote par mandataire actionnaire ou non par procuration, représentation aux assemblées générales” (deed in French)
Other provision: “Tenue chaque assemblée,signature actionnaires ou mandataires,nom,prénoms,adresse ou dénomination et siège,nombre actions, liste présences et…” (deed in French)
Other provision: “Procès-verbaux assemblées générales, membres bureau et actionnaires qui demandent,registre spécial” (deed in French)
1 more provision in the deed, see the deed of 24-04-2023

deed of 24-04-2023