ACTIVE

AG REAL ESTATE

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Financial year 2025 · Closed on 31/12/2025

Net result149,1 M €+14 164,6 %over 1 year
Revenue33,7 M €+5,5 %over 1 year
Equity1,5 Md €+83,2 %over 1 year
Workforce141,4 ETP-5,0 %over 1 year

Identity

Source · BCE/KBO

AG REAL ESTATE is a Public limited company incorporated in 1934. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Bruxelles. It employs on average 141,4 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0403.231.968
Incorporation
28/12/1934
Legal form
Public limited company
Registered office
Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map
Contributed capital
1 066 102 540,75 €
Latest accounts
31/12/2025
Average workforce
141,4 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue33,7 M €32 M €32 M €33,1 M €35,9 M €
EBITDA-16,5 M €-6,1 M €-6,1 M €2,4 M €15,3 M €
Operating result-19 M €-10,3 M €-10,3 M €-3,6 M €5,8 M €
Net result149,1 M €1 M €-6,9 M €29,7 M €43,9 M €
Balance sheet
Equity1,5 Md €836,1 M €860 M €900,4 M €870,6 M €
Total assets1,6 Md €894,7 M €896,1 M €919,7 M €894,1 M €
Cash1,3 M €730,1 k €4,1 M €4,7 k €6,2 k €
Debts19,6 M €29,7 M €11,5 M €13,3 M €16,3 M €
Other
Workforce141,4 ETP148,9 ETP149,4 ETP145,5 ETP147,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 83 ended

Active mandates

Amand Benoît D'Hondt

Director · since 01 juin 2024 · until 10 mai 2027 · 0578.887.882

Represented by Amand Benoit D'HONDT

Active
Emmanuel VAN GRIMBERGEN

Director · since 01 juin 2024 · until 10 mai 2027

Active
Karel TANGHE

Director · since 01 janvier 2023 · until 10 mai 2027

Active
Laurent Stalens RE

Director · since 30 août 2022 · until 10 mai 2027 · 0788.696.508

Represented by Laurent STALENS

Active
AMAURY DE CROMBRUGGHE

Director · since 10 mai 2021 · until 10 mai 2027 · 0464.615.548

Represented by Amaury DE CROMBRUGGHE

Active
Heidi DELOBELLE

Director · since 10 mai 2021 · until 10 mai 2027

Active
MARC VAN BEGIN

Director · since 10 mai 2021 · until 10 mai 2027 · 0864.979.583

Represented by Marc VAN BEGIN

Active
Serge FAUTRÉ

Managing director · since 10 mai 2021 · until 10 mai 2027

Active
Wim GUILLIAMS

Director · since 10 mai 2021 · until 10 mai 2027

Active

Ended mandates

Laurent Stalens RE

Director · since 19 juillet 2022 · until 10 mai 2027 · 0788.696.508

Represented by Laurent STALENS

Ended
Antonio CANO Y BOSQUE

Chairman of the board of directors · since 10 mai 2021 · until 10 mai 2027

Ended
Christophe BOIZARD

Director · since 10 mai 2021 · until 10 mai 2027

Ended
LAURENT STALENS

Director · since 10 mai 2021 · until 10 mai 2027 · 0867.656.486

Represented by Laurent STALENS

Ended

Other companies at this address

Avenue des Arts 58 1000 Bruxelles
CompanyCBE no.
ACA WERKRUIMTE● Active
0872.389.987
AG FINANCE● Active
0466.967.995
AG Real Estate Asset Management● Active
0460.912.920
AG REAL ESTATE CAR PARK● Active
1010.617.858
AG REAL ESTATE CO-PRODUCTION IN DEVELOPMENT● Active
0825.540.571
AG REAL ESTATE COPRODUCTION IN DEVELOPMENT 2● Active
1009.685.767
AG REAL ESTATE FINANCE● Active
0445.949.679
AG REAL ESTATE LAND● Active
0417.389.515
AG Real Estate Projects● Active
0632.680.619
AG Real Estate Property Management● Active
0450.100.190
AG REAL ESTATE SHARED SERVICES● Active
0472.969.525
AG REAL ESTATE WESTINVEST● Active
0841.798.563
AG Real Estate Westloan● Active
0871.397.025
AG RE OFFICE INVEST I● Active
0747.926.418
AG Residential● Active
0794.337.651
AIRPORT DEVELOPMENT● Active
0694.728.846
Ambassade du Canada● Active
0933.395.762
ARLON 53● Active
0743.427.893
AXS NAMUR 2● Active
0715.892.563
AXS NAMUR 3● Active
0715.886.229

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/05/202610/06/202515/05/202412/05/202316/05/202226/05/2021
General meeting11/05/202612/05/202513/05/202408/05/202309/05/202210/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/05/202614/05/2026FrenchPDF
Full model31/12/202412/05/202510/06/2025FrenchPDF
Full model31/12/202313/05/202415/05/2024FrenchPDF
Full model31/12/202208/05/202312/05/2023FrenchPDF
Full model31/12/202109/05/202216/05/2022FrenchPDF
Full model31/12/202010/05/202126/05/2021FrenchPDF
Full model31/12/201911/05/202026/05/2020FrenchPDF
Full model31/12/201813/05/201920/05/2019FrenchPDF
Full model31/12/201714/05/201812/06/2018FrenchPDF
Full model31/12/201608/05/201716/06/2017FrenchPDF
Full model31/12/201509/05/201602/06/2016FrenchPDF
Full model31/12/201411/05/201504/06/2015FrenchPDF
Full model31/12/201312/05/201404/06/2014FrenchPDF
Full model31/12/201213/05/201327/05/2013FrenchPDF
Full model31/12/201114/05/201216/05/2012FrenchPDF
Full model31/12/201009/05/201106/06/2011FrenchPDF
Full model31/12/200910/05/201006/07/2010FrenchPDF
Full model31/12/200811/05/200926/05/2009FrenchPDF
Full model31/12/200713/05/200815/05/2008FrenchPDF
Full model31/12/200614/05/200723/05/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 83 ended

Active mandates

Amand Benoît D'Hondt

Director · since 01 juin 2024 · until 10 mai 2027 · 0578.887.882

Represented by Amand Benoit D'HONDT

Active
Emmanuel VAN GRIMBERGEN

Director · since 01 juin 2024 · until 10 mai 2027

Active
Karel TANGHE

Director · since 01 janvier 2023 · until 10 mai 2027

Active
Laurent Stalens RE

Director · since 30 août 2022 · until 10 mai 2027 · 0788.696.508

Represented by Laurent STALENS

Active
AMAURY DE CROMBRUGGHE

Director · since 10 mai 2021 · until 10 mai 2027 · 0464.615.548

Represented by Amaury DE CROMBRUGGHE

Active
Heidi DELOBELLE

Director · since 10 mai 2021 · until 10 mai 2027

Active
MARC VAN BEGIN

Director · since 10 mai 2021 · until 10 mai 2027 · 0864.979.583

Represented by Marc VAN BEGIN

Active
Serge FAUTRÉ

Managing director · since 10 mai 2021 · until 10 mai 2027

Active
Wim GUILLIAMS

Director · since 10 mai 2021 · until 10 mai 2027

Active

Ended mandates

Laurent Stalens RE

Director · since 19 juillet 2022 · until 10 mai 2027 · 0788.696.508

Represented by Laurent STALENS

Ended
Antonio CANO Y BOSQUE

Chairman of the board of directors · since 10 mai 2021 · until 10 mai 2027

Ended
Christophe BOIZARD

Director · since 10 mai 2021 · until 10 mai 2027

Ended
LAURENT STALENS

Director · since 10 mai 2021 · until 10 mai 2027 · 0867.656.486

Represented by Laurent STALENS

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates17/09/2026
    Administrateurs : démission - nomination
    PDF
  • Mandates15/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares20/01/2026
    CAPITAL, ACTIONS
    PDF
  • Capital / shares16/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Capital / shares16/07/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Mandates22/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring14/08/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring14/08/2024
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 11/05/2026
    nominationDamien Walgrave — représentant permanent du commissaire
  2. 2025
    Annual accounts 2025149,1 M €↑
  3. 04/12/2025
    apport
  4. 10/07/2025
    augmentation_capital
  5. 01/01/2025
    augmentation_capital
  6. 2024
    Annual accounts 20241 M €↑
  7. 01/06/2024
    nominationEmmanuel Van Grimbergen — administrateur
  8. 01/06/2024
    nominationAmand Benoît D'Hondt — administrateur
  9. 01/01/2024
    autre
  10. 2023
    Annual accounts 2023-6,9 M €↓
  11. 01/07/2023
    nominationSerge Fautré — membre du Comité exécutif
  12. 01/07/2023
    nominationXavier Denis — membre du Comité exécutif
  13. 01/07/2023
    nominationPhilippe Monserez — membre du Comité exécutif
  14. 01/07/2023
    nominationLaurent Stalens — membre du Comité exécutif
  15. 01/07/2023
    nominationAmaury de Crombrugghe — membre du Comité exécutif
  16. 01/07/2023
    nominationMarc Van Begin — membre du Comité exécutif
  17. 01/01/2023
    nominationKarel Tanghe — administrateur
  18. 2022
    Annual accounts 202229,7 M €↓
  19. 30/08/2022
    nominationSRL Laurent Stalens RE — administrateur
  20. 19/07/2022
    nominationSRL Laurent Stalens RE — administrateur
  21. 2021
    Annual accounts 202143,9 M €↑
  22. 2020
    Annual accounts 20207,8 M €↓
  23. 2019
    Annual accounts 201932,9 M €↓
  24. 2017
    Annual accounts 2017166,8 M €↑
  25. 2016
    Annual accounts 201677,1 M €↓
  26. 2015
    Annual accounts 2015203,9 M €↑
  27. 2014
    Annual accounts 2014126,6 M €↑
  28. 2013
    Annual accounts 201320,9 M €↓
  29. 2012
    Annual accounts 2012617 M €↑
  30. 2011
    Annual accounts 201114,7 M €↓
  31. 2010
    Annual accounts 201098,4 M €↑
  32. 2008
    Annual accounts 2008-11,7 M €↓
  33. 2007
    Annual accounts 200710,9 M €↑
  34. 2006
    Annual accounts 20061,2 M €
  35. 28/12/1934
    IncorporationPublic limited company