Result
€45,372 €45,372
Back in profit in 2025, after a loss of €414,171 in 2024.
Souterrain
Overview
Lifetime
8 annual accounts with figures on one time axispeak €768,146 (2025)
€768,146▲ 111%
lowest -€623,379 (2021)
€45,372▲ €459,543
peak €5.1m (2021)
€3.9m▲ 1.2%
€16.8m▲ 18.6%
peak 1.5 FTE (2023)
-not published
Board4 names since 2017
4 directorsARGOS and 3 others
Owners
consolidatesARGOS
Documentsfilings and deeds
29-07-20262 days before the deadline
2025abbreviated format
Gross margin from €364,111 to €768,146Back to profit: €45,372Appointment: CEMATH CONSULT (director) 06-10Debts from €14.1m to €16.8mInvestments €3.1mCash from €133,069 to €210,679
Key points
from the 2025 annual accountsDebts
€16.8m 81% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Of this, €21,431 falls due within a year.
Investments
€1.4m 2.7 × depreciation
Green is investment, beige is depreciation.
Checked score
95
Excellent
Financially stronger than 60% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 1.2%▲ +0.2 percentage points vs 08-2025highest value
10-2025: 0.3%▼ -0.9 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 51.16, cash €210,679
lowers risk
Size: turnover €761,894, total assets €20.7m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 04-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 40% of them on solvency, 67% on liquidity, 84% on profitability and 50% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 144 companies had the same profile as Souterrain has now. Each dot is one company, two years later.
96.5%
were still trading
2.1%
stopped another way
1.4%
went bankrupt
The bankruptcy probability of Souterrain itself is lower: 0.1% within 12 months. It rests on far more data about Souterrain than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 144 companies, not a prediction for Souterrain. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 51.16 (46.09 in 2024), above the usual 1.5. Short-term debt is 0.1% and cash 1% of total assets. However, 81.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 days early
2024
29 days late
2023
13 days early
2022
11 days early
2021
3 days early
2020
1 day early
2019
38 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
L
LEAG
Director, Griet MEGANCK, since 27-07-2017
- Argos CommV consolidatesannual accounts 2025
Shares in 2 companies, NOVUS INVEST and Le Toit de Saignon
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0678944075
Appointment: CEMATH CONSULT (director)
Permanent representative: Hans Degrande · General meeting of 01-09-2025 · Gazette deed
1 director appointed
RAIMU (director) · Permanent representatives: Robin DUMOULIN and Dominiek Dumoulin · General meeting of 19-08-2021 · Gazette deed
2 directors appointed
ARGOS (director) and LEAG (director) · Permanent representatives: Dominiek DUMOULIN and Griet MEGANCK · General meeting of 26-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Souterrain Kortrijk | €761,894 | 26.4% | 18.9% | - |
| DBD Properties Ghent | - | - | 31.9% | 0 |
| KERCKEBOSCH KNOKKE Kortrijk | - | - | -10.6% | 0.7 |
| JOMA 2060 Waregem | - | - | 34.4% | - |
| STIV Deerlijk | - | - | 8.9% | - |
| Masergy Invest Brussels Brussels | - | - | 52.0% | - |
| Immo Nightingale Molenbeek-Saint-Jean | €762,016 | -2.5% | 98.7% | - |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Souterrain: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €16m and €26m, founded between 2016 and 2019.
Official details
Source: KBO- Status
- Active since 27-07-2017Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
- Establishment unit
- 2.266.796.5628500 Kortrijk, since 27-07-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €761,894
- €45,372
- €3.9m▲ 1.2%
- €20.7m▲ 14.9%
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on Souterrain
Souterrain files the abbreviated format. That format states no turnover. The gross margin rose from €5,098 in 2018 to €768,146 in 2025.
The balance sheet grew most from 2021 to 2023 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 29-07-2026, 2 days before the deadline€761,894
€201,455
▲ €496,896
€722,185
▲ 158%
€566,102
▲ 250%
18.9%
▼ 2.5 percentage points
51.16
▲ 5.07
Money flows
of every €100 of turnover, €5.96 remains as profit in 2025Balance sheet
balance sheet total €20.7m on 31-12-2025What the company ownsHow it is paid for
in €m
in €m
Position in the sector
18.9%
Higher than 38% of 11,299 companies in 2025.
51.16
Higher than 95% of 10,851 companies in 2025.
0.2%
Higher than 42% of 11,184 companies in 2025.
Souterrain
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
20.7m | 18.0m | 16.3m | 16.0m | 10.5m | 1.6m | 1.5m | 1.3m | |
21/28 |
19.6m | 16.9m | 12.5m | 11.2m | 5.9m | 1.4m | 1.5m | 1.2m | |
21 |
172 | 644 | 1,116 | 1,588 | 2,060 | - | - | - | |
22/27 |
17.1m | 16.6m | 12.2m | 10.9m | 5.9m | 1.4m | 1.5m | 1.2m | |
22 |
15.0m | 15.4m | 10.4m | 8.8m | 5.5m | 1.4m | 1.4m | 1.1m | |
23 |
4,009 | - | - | - | - | - | - | - | |
24 |
53,521 | 63,415 | 71,141 | 73,796 | 6,402 | 7,552 | 8,702 | 9,852 | |
27 |
2.0m | 1.1m | 1.7m | 1.9m | 397,048 | - | - | - | |
28 |
2.5m | 301,755 | 300,000 | 300,000 | - | - | - | - | |
29/58 |
1.1m | 1.0m | 3.8m | 4.9m | 4.5m | 134,042 | 56,091 | 173,624 | |
29 |
398,678 | 398,678 | 413,978 | 453,978 | - | - | - | - | |
291 |
398,678 | 398,678 | 413,978 | 453,978 | - | - | - | - | |
3 |
352,365 | 352,365 | 3.2m | 3.9m | 3.9m | - | - | - | |
30/36 |
352,365 | 352,365 | 3.2m | 3.9m | 3.9m | - | - | - | |
40/41 |
112,770 | 140,917 | 98,153 | 96,845 | 238,523 | 114,310 | 3,914 | 22,180 | |
40 |
101,479 | 134,944 | 97,544 | 96,455 | 238,523 | 114,310 | 3,914 | - | |
41 |
11,291 | 5,973 | 609 | 390 | - | - | - | 22,180 | |
54/58 |
210,679 | 133,069 | 33,063 | 377,730 | 362,370 | 17,730 | 50,042 | 142,569 | |
490/1 |
21,971 | 19,644 | 14,667 | 11,575 | 4,928 | 2,002 | 2,135 | 8,875 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
20.7m | 18.0m | 16.3m | 16.0m | 10.5m | 1.6m | 1.5m | 1.3m | |
10/15 |
3.9m | 3.9m | 4.3m | 4.5m | 5.1m | 690,970 | 731,586 | 816,897 | |
10/11 |
6.0m | 6.0m | 6.0m | 6.0m | 6.0m | 1.0m | 1.0m | 1.0m | |
100 |
- | - | - | - | - | - | 1.0m | 1.0m | |
14 |
-2.1m | -2.1m | -1.7m | -1.5m | -932,410 | -309,030 | -268,414 | -183,103 | |
17/49 |
16.8m | 14.1m | 12.1m | 11.5m | 5.4m | 875,257 | 777,287 | 513,235 | |
17 |
16.2m | 13.7m | 11.8m | 11.4m | 5.4m | 855,500 | 750,000 | 500,041 | |
178/9 |
16.2m | 13.7m | 11.8m | 11.4m | 5.4m | 855,500 | 750,000 | 500,041 | |
42/48 |
21,431 | 22,664 | 34,683 | 11,860 | 27,939 | 628 | 613 | 4,044 | |
44 |
13,224 | 15,792 | 20,895 | 11,522 | 27,610 | 464 | - | 294 | |
440/4 |
13,224 | 15,792 | 20,895 | 11,522 | 27,610 | 464 | - | 294 | |
46 |
- | 3,715 | 1,320 | - | - | - | - | - | |
45 |
832 | 3,157 | 12,468 | 338 | 329 | 164 | 613 | 3,750 | |
450/3 |
832 | 3,157 | 1,012 | 338 | 329 | 164 | 613 | 3,750 | |
454/9 |
- | - | 11,456 | - | - | - | - | - | |
47/48 |
7,375 | - | - | - | - | - | - | - | |
492/3 |
552,514 | 405,498 | 243,489 | 127,263 | 18,235 | 19,129 | 26,674 | 9,150 | |
| Income statement | |||||||||
70 |
761,894 | - | - | - | - | - | - | - | |
76A |
179,743 | 86,951 | 162,663 | 155,845 | 302 | - | - | - | |
9900 |
768,146 | 364,111 | 296,767 | 215,364 | -13,235 | 22,171 | 18,975 | 5,098 | |
60/61 |
180,093 | - | - | - | - | - | - | - | |
62 |
- | 41,868 | 50,548 | - | - | - | - | - | |
630 |
520,730 | 575,697 | 382,177 | 611,278 | 579,934 | 36,098 | 74,919 | 172,921 | |
640/8 |
45,961 | 41,987 | 32,160 | 27,418 | 13,108 | 6,326 | 4,131 | 2,703 | |
9901 |
201,455 | -295,441 | -168,119 | -423,332 | -606,278 | -20,253 | -60,075 | -170,526 | |
75/76B |
4,002 | 4,786 | 4,503 | 3,815 | 0 | 0 | 0 | 69 | |
75 |
4,002 | 4,786 | 4,503 | 3,815 | 0 | 0 | 0 | 69 | |
65/66B |
149,254 | 123,516 | 115,062 | 104,916 | 17,102 | 20,363 | 25,237 | 12,646 | |
65 |
149,254 | 123,516 | 115,062 | 104,916 | 17,102 | 20,363 | 25,237 | 12,646 | |
9903 |
56,202 | -414,171 | -278,677 | -524,433 | -623,379 | -40,617 | -85,311 | -183,103 | |
67/77 |
10,830 | - | - | - | - | - | - | - | |
9904 |
45,372 | -414,171 | -278,677 | -524,433 | -623,379 | -40,617 | -85,311 | -183,103 | |
9905 |
45,372 | -414,171 | -278,677 | -524,433 | -623,379 | -40,617 | -85,311 | -183,103 | |
| Appropriation of the result | |||||||||
9906 |
-2.1m | -2.1m | -1.7m | -1.5m | -932,410 | -309,030 | -268,414 | -183,103 | |
14P |
-2.1m | -1.7m | -1.5m | -932,410 | -309,030 | - | - | - | |
| Social balance sheet | |||||||||
9087 |
- | 1.2 | 1.5 | - | - | - | - | - | |
Hours worked1013 |
- | 1,631 | 1,980 | - | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00374997 | |
| 31-12-2024 | abbreviated format | 29-08-2025 | 2025-00466333 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00258516 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00255307 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20238451 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-44300251 | |
| 31-12-2019 | abbreviated format | 07-09-2020 | 2020-51300330 | |
| 31-12-2018 | abbreviated format | 31-07-2019 | 2019-41600320 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 722,185 | 280,257 | 214,058 | 187,946 | -26,344 | 15,845 | 14,844 | 2,395 | ||
| 566,102 | 161,527 | 103,500 | 86,845 | -43,446 | -4,518 | -10,392 | -10,182 | ||
| 3.5m | 5.0m | 1.7m | 5.8m | 5.1m | 15,500 | 371,193 | 1.3m | ||
| 77,609 | 100,006 | -344,667 | 15,360 | 344,639 | -32,312 | -92,527 | - | ||
| 1.1m | 1.0m | 3.8m | 4.9m | 4.5m | 133,414 | 55,478 | 169,580 | ||
| 26.4% | - | - | - | - | - | - | - | ||
| 18.9% | 21.4% | 26.1% | 28.3% | 48.4% | 44.1% | 48.5% | 61.4% | ||
| 51.16 | 46.09 | - | - | - | - | 91.49 | 42.94 | ||
| 34.72 | 30.55 | 16.14 | 79.27 | 21.68 | - | 91.49 | 42.94 | ||
| 4.30 | 3.67 | 2.83 | 2.53 | 1.07 | 1.27 | 1.06 | 0.63 | ||
| 1.2% | -10.8% | -6.5% | -11.5% | -12.3% | -5.9% | -11.7% | -22.4% | ||
| 0.2% | -2.3% | -1.7% | -3.3% | -6.0% | -2.6% | -5.7% | -13.8% | ||
| 4.84 | 2.27 | 1.86 | 1.79 | -1.54 | - | - | - | ||
| 49 days | - | - | - | - | - | - | - | ||
| 27 days | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | - | 2 |
| part-time | - | 2 |
| in full-time equivalents | - | 1.5 |
| 1.2 | 1.5 | |
| On a permanent contract | - | 2 |
| Joined | 2 | 2 |
| Left | 2 | 0 |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1.4m | €5.0m | €1.7m | €5.5m | €5.1m |
| Intangible fixed assets | - | - | - | - | €2,360 |
| Financial fixed assets | €2.2m | €1,755 | - | €300,000 | - |
| €520,730 | €575,697 | €382,177 | €611,278 | €579,934 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Souterrain
The operating result for 2025 is a profit of €201,455, after a loss of €295,441 in 2024. It is the highest result since 2018.
Debt's share of the balance-sheet total rises from 78.6% to 81.1%. Equity and debt are higher.
Board & ownership
Board
4 directors, last change in 2025Director (not named in the articles), permanent representative Dominiek DUMOULIN
since 27-07-2017
term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 29-07-2026
LEAG
Director (not named in the articles), permanent representative Griet MEGANCK
since 27-07-2017
term without a fixed end
listed in the 2025 annual accounts, filed on 29-07-2026
RAIMU CommV
Director (not named in the articles), permanent representative Robin DUMOULIN
since 01-09-2021
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 29-07-2026
Director (not named in the articles), permanent representative Hans Degrande
since 01-09-2025
term without a fixed end
also on the board of 10 other companies
listed in the 2025 annual accounts, filed on 29-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Vertegenwoordiging Het bestuursorgaan vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte…”deed of 01-06-2021
Permanent representatives 4
Mandates through the years
4 names, the dashed line is todayARGOS
Director (not named in the articles)
Director (not named in the articles)
LEAG
Director (not named in the articles)
Director (not named in the articles)
RAIMU
Director (not named in the articles)
Director (not named in the articles)
CEMATH CONSULT
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- ARGOS
- Director (not named in the articles), from 27-07-2017 to date
- LEAG
- Director (not named in the articles), from 27-07-2017 to date
- RAIMU
- Director (not named in the articles), from 01-09-2021 to date
- CEMATH CONSULT
- Director (not named in the articles), from 01-09-2025 to date
Control
consolidates
This company
Souterrain
Equity €3.9m
Profit €45,372 in 2025
Capital
- Contribution
- €6,000,000
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
Source: parent in its own accounts
Articles of association
deed of 01-06-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Saturday of June at 13:00
Network & group
Holdings
own 2025 accountsThis companySouterrain2 holdings, 2 countries
2025 accounts
Belgium 1 Equity Result
- BE Novus Invest €538,341 result €38,482
Europe 1 Equity Result
- FR Le Toit de Saignon50% €673,446 result €20,673
Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Parent
Argos CommV
0879.832.461
Earlier ties
| BLAUWE TOREN via CEMATH CONSULT, no longer at BLAUWE TOREN · Managing director · deed of 28-05-2025 founded in 1998 · group ROCA INVESTMENT BELGIUM I |
total assets €101.2m (2025) |
| Immaura via CEMATH CONSULT, no longer at Immaura · Director · deed of 04-08-2025 founded in 1979 · group ROCA INVESTMENT BELGIUM I |
total assets €63.0m (2025) |
| FRUN PARK BELLE SAMBRE via CEMATH CONSULT, no longer at FRUN PARK BELLE SAMBRE · Director · deed of 08-08-2025 founded in 2009 · group ROCA INVESTMENT BELGIUM I |
total assets €45.2m (2025) |
| GOED TEN HOUTE via RAIMU, no longer at GOED TEN HOUTE · Director · deed of 28-10-2021 founded in 1989 |
total assets €5.3m (2025) |
Holdings and subsidiaries
2 holdingsHoldings 2
Share, source and own figures per holding (2)
Source for every holding own accounts 2025
- NOVUS INVESTsubsidiaryEquity €538,341 Profit of €38,482 in 2025 (profit of €28,128 in 2024) Checked score 91100%
- Le Toit de SaignonFREquity €673,446Result €20,67350%
Holdings through the years 2022 to 2025
| Name | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| NOVUS INVEST | 100% | |||
| Le Toit de SaignonFR | 50% | |||
Source: list of holdings in its own accounts
Connections & network
15 connected companiesThis company
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Director
Shareholding
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Linked via shared directors
BEST BRIDGES
via CEMATH CONSULT · Director · deed of 25-03-2024
Founded in 2019 · total assets €525,441 (2025) · negative equity
→
United Petfood Holdco
via ARGOS · Director · deed of 24-03-2025
Founded in 2024 · total assets €2.71bn (2025)
→
ROCIUS RETAIL
via CEMATH CONSULT · Director · deed of 26-08-2025
Founded in 2020 · total assets €48.4m (2025) · group ROCA INVESTMENT BELGIUM I
→
ARCHIHANS
via CEMATH CONSULT · Director (not named in the articles) · deed of 22-10-2024
Founded in 2024 · total assets €20.8m (2025)
→
Show 11 more companies with a shared director
Immo W & W
via CEMATH CONSULT · Director (not named in the articles) · deed of 02-01-2025
Founded in 2000 · total assets €19.2m (2025) · group ROCA INVESTMENT BELGIUM I
→
VINCEARCH
via CEMATH CONSULT · Director (not named in the articles) · deed of 22-10-2024
Founded in 2024 · total assets €17.4m (2025)
→
STEENVAST
via CEMATH CONSULT · Director · deed of 05-11-2024
Founded in 2024 · total assets €15.0m (2025) · group ROCA INVESTMENT BELGIUM I
→
GROEP HUYZENTRUYT INVEST 1
via CEMATH CONSULT · Director · deed of 19-09-2023
Founded in 2021 · total assets €12.5m (2025)
→
Archeion
via CEMATH CONSULT · Director · deed of 22-01-2025
Founded in 2010 · total assets €2.8m (2025)
→
→
GROUP GERARD
via CEMATH CONSULT · Director · deed of 14-01-2026
Founded in 2022 · total assets €414,878 (2025)
→
The French Kiss Club
via CEMATH CONSULT · Director (not named in the articles) · deed of 08-08-2025
Founded in 2021 · 1.8 FTE (2025)
→
→
→
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Timeline
Timeline
20 events since 2017Board
Filings
Financial
Establishments
20182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0678944075
Annual accounts 2025 filed NBBabbreviated format · 2 days before the deadline
2025
Back to profit net €45,372 The net result is €45,372, after 7 loss-making years.
Appointment: CEMATH CONSULT (director)Permanent representative: Hans Degrande · General meeting of 01-09-20253 points ▸
- General meeting, 01-09-2025
- Director appointment, CEMATH CONSULT (director (not named in the articles))
- Permanent representative, Hans Degrande
Annual accounts 2024 filed PDFabbreviated format · 29 days late
2024
Annual accounts 2023 filed PDFabbreviated format · 13 days before the deadline
2023
Annual accounts 2022 filed PDFabbreviated format · 11 days before the deadline
2022
Liquidity more than doubled current ratio 411.17 The current ratio rises from 162.58 to 411.17. Short-term debt falls from €27,939 to €11,860.
Annual accounts 2021 filed PDFabbreviated format · 3 days before the deadline
2021
Weakest financial year net -€623,379 The net result drops to -€623,379, the lowest from 2018 to 2025. It recovers the following year.
Equity above €5m equity €5.1m ▲633% Equity rises from €690,970 to €5.1m.
1 director appointedRAIMU (director) · Permanent representatives: Robin DUMOULIN and Dominiek Dumoulin · General meeting of 19-08-20214 points ▸
- General meeting, 19-08-2021
- Director appointment, RAIMU (director (not named in the articles))
- Permanent representative, Robin DUMOULIN
- Permanent representative, Dominiek Dumoulin
Annual accounts 2020 filed PDFabbreviated format · 1 day before the deadline
2 directors appointedARGOS (director) and LEAG (director) · Permanent representatives: Dominiek DUMOULIN and Griet MEGANCK · General meeting of 26-05-20217 points ▸
- General meeting, 26-05-2021
- 100,000 shares
- Director appointment, ARGOS (director (not named in the articles))
- Permanent representative, Dominiek DUMOULIN
- Director appointment, LEAG (director (not named in the articles))
- Permanent representative, Griet MEGANCK
- Registered office clause, Anna Bijnslaan 6, 8500 Kortrijk
- The deed holds 6 more points.
2020
Liquidity more than doubled current ratio 213.45 The current ratio rises from 91.49 to 213.45.
Annual accounts 2019 filed PDFabbreviated format · 38 days late
2019
Liquidity more than doubled current ratio 91.49 The current ratio rises from 42.94 to 91.49. Short-term debt falls from €4,044 to €613.
Annual accounts 2018 filed PDFabbreviated format · on the deadline day
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0678.944.075
- VAT number
- BE 0678.944.075
- Peppol ID
- 0208:0678944075
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 27-07-2017
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Saturday of June at 13:00deed of 01-06-2021 (in Dutch)
- Website
- www.souterrain.eu
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Souterrain in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 01-06-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 01-06-2021 (in Dutch)
Activities
NACEBEL 202568201
Renting and operating of own or leased residential real estate, excluding social housing main activity
Codes under NACEBEL 2008
68201
Real estate activities main activity
35140
Electricity, gas, steam and air conditioning supply
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1. Het optreden als bouwpromotor en het realiseren van bouwprojecten zijnde het uitoefenen van het beroep van beroepsoprichter en…”deed of 01-06-2021 (in Dutch)
25 activities
- 1. Het optreden als bouwpromotor en het realiseren van bouwprojecten zijnde het uitoefenen van het beroep van beroepsoprichter en projectontwikkelaar. Projectontwikkeling en handel in onroerend goed voor eigen rekening evenals voor rekening van derden; omvattende (zonder dat deze opsomming beperkend is) de projectontwikkeling voor woningbouw, de nieuwbouw van individuele woningen of voor renovatiewerken, de bouw van appartementsgebouwen, kantoorbouw, infrastructuurwerken, rusthuizen, residentiële en niet-residentiële bouwprojecten, de bouw of de aanleg van commerciële en industriële centra, hotels, jachthavens en dergelijke, de aanleg of renovatie van stadswijken; de bouw van individuele huizen en appartementen volgens de formule sleutel op de deur, enzovoort;
- 2. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik, recht van opstal, erfpacht, …), zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, inrichten, exploiteren, beheren, onderhouden, verhuren, huren, verkavelen, onteigenen, prospecteren, promoten en uitbaten van onroerende goederen; het ontwerpen en opvolgen van projecten, en het maken van studies met betrekking tot immobiliën; de aan- en verkoop, huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen;
- 3. Algemene bouwonderneming omvattende alle bouwactiviteiten die betrekking hebben of de gehele of gedeeltelijke uitvoering van de voltooiingswerken of op de coördinatie van deze laatste wanneer zij door onderaannemers worden uitgevoerd; het oprichten of laten oprichten van allerhande onroerende goederen; het aannemen en uitvoeren of laten uitvoeren van grondwerken, wegenwerken, rioleringswerken, aanplantingen, boringen, peilingen, uitdiepingen, het verkavelen, uitrusten en tot waarde brengen van alle bebouwde of onbebouwde onroerende goederen;
- 4. Het optreden als studie- en/of raadgevend bureau;
- 5. Het optreden als energiedeskundige bij de verhuur en verkoop van onroerende goederen; dit omvat het uitvoeren van energie-audits waarbij onder meer adviezen worden verstrekt inzake mogelijke energiebesparende maatregelen in bestaande gebouwen en ook in nieuwbouw. Het opmaken van verslagen (onder meer ook EPB-verslaggeving) daaromtrent, het afleveren van energie certificaten. Dit omvat onder meer, zonder dat deze opsomming beperkend is, het uitvoeren van audits, het verstrekken van adviezen en certificeren inzake publieke gebouwen, industriële gebouwen en energieactiviteiten volgens de wettelijke bepalingen en binnen het kader van het Vlaamse Energie Agentschap, alsook alle activiteiten die rechtstreeks of onrechtstreeks hiermee te maken hebben;
- 6. Het aannemen voor eigen rekening of voor rekening van derden, van alle bedrijvigheden in verband met gebouwde of ongebouwde onroerende goederen, alle handelingen betreffende onroerende goederen en alle handelingen betreffende onroerende rechten. Het aannemen en uitvoeren van opdrachten van syndicus van gebouwen;
- 7. De bestudering van diverse problemen in verband met het opvatten en uitwerken van projecten van allerlei aard, zowel problemen van administratieve, organisatorische, financiële, juridische of technische aard en alle aanverwante vraagstukken, de eventuele tenuitvoerlegging van deze projecten onder eigen beheer of in medebeheer, voor eigen rekening of voor rekening van derden, het ter beschikking stellen en/of verhuren van goederen tegen vergoeding, van gebouwen, lokalen, materieel, rollend materieel, meubelen, producten en communicatiemedia in het kader van de in haar voorwerp genoemde activiteiten;
- 8. Het bemiddelen voor de verkoop van publiciteit, de marketing van publiciteit en allerhande publicitaire diensten evenals het organiseren van events;
- 9. Het verlenen van adviezen en diensten op het vlak van immobiliën, redementsstudies alsook op gebied van vastgoedontwikkeling en renovatieprojecten;
- 10. Het optreden als syndicus zoals het verlenen in opdracht van de eigenaars van alle diensten die noodzakelijk zijn voor het behoorlijk functioneren van gebouwen (omvattende ondermeer ook : het opmaken van plaatsbeschrijvingen, het optreden als schatter-expert van onroerende goederen……);
- 11. Het optreden als tussenpersoon – bemiddelaar - vastgoedmakelaar bij de aankoop, verkoop, ruil, verhuring of afstand van onroerende goederen, onroerende rechten of handelsfondsen, alsook het uitoefenen van activiteiten van beheerder van goederen die instaat voor ofwel het beheer van onroerende goederen of rechten, ofwel het syndicusschap van onroerende goederen in mede-eigendom; rentmeesterschap;
- 12. Het effectief exploiteren van een immobiliënkantoor;
- 13. Het verlenen van advies, bijstand en knowhow, makelarij in onroerend goed en afsluiten van onderhandse overeenkomsten, verzekeringen alsook alle prestaties van administratieve aard omtrent roerend en onroerende goederen zoals onder meer het opstellen van huurcontracten, opmaken van plaatsbeschrijvingen, inventarissen van meubilair, opmaak van schattingen en expertises, uitwerken van projecten, bouwbegeleiding, alle services die samenhangen met het beheer van onroerende goederen en dit alles in de ruimste zin;
- 14. Het uitvoeren van alle studies en onderzoek, het verrichten van marktonderzoek, promotie, raadgeving, prospectie, marketing, assistentie op gebied van management, engineering en consulting, commercieel, technisch, administratief en financieel beheer en advies;
- 15. Het verwerven en beheren van een kunstpatrimonium;
- 1. het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen;
- 2. het verlenen van diensten en adviezen aan derden;
- 3. het waarnemen van bestuurdersopdrachten in andere vennootschappen; het uitoefenen van opdrachten en functies. De consulting en adviesverlening met betrekking tot operationeel beheer van vennootschappen en ondernemingen, het verlenen van managementbijstand aan en het uitvoeren van managementtaken in vennootschappen en ondernemingen;
- 4. het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie van de ontwikkeling en investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt;
- 5. het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen;
- 6. het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratieve en financiën, verkoop, productie en algemeen bestuur;
- 7. het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa;
- 8. het verlenen van administratieve prestaties en computerservices;
- 9. de aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in t’ kort tussenpersoon in de handel;
- 10. het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Anna Bijnslaan 6 registered office 8500 Kortrijk | 27-07-2017 | 2.266.796.562 |
Buildings and parcels at the address
- Ground area
- 6,136 m²
- Buildings
- 575 m²
- Volume, LiDAR
- 4,144 m³
- Tallest building
- 11.3 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2024| 10-04-2025 | Discontinued | Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande gebouwen submitted 29-10-2024 · Subdivision · project 2024099598 | Bilzen-Hoeselt |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34354C0901/00K000 | 6,136 m² | 1 · 575 m² | 11.3 m · 2 |
Contact
E-mail
info@souterrain.eu