ACTIVE

NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF

Financial year 2025 · Closed on 30/06/2025

Net result-490,1 k €-9,6 %over 1 year

Gross margin429,2 k €+137,0 %over 1 year

Equity2,1 M €-18,9 %over 1 year

Identity

Source · BCE/KBO

NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF is a Public limited company incorporated in 1968. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Ixelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0403.312.241
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Avenue Louise 480
1050 Ixelles · BruxellesSee on map
Contributed capital: 8 575 000,00 €
Latest accounts: 30/06/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Joint committees (1)

Signals

Solid equityGood liquidity

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	429,2 k €	+137%	181,1 k €	+6.0%	170,8 k €	+130%	-569,2 k €	-144%	1,3 M €
EBITDA	-89,1 k €	-184%	-31,4 k €	+89.3%	-294 k €	+63.0%	-793,6 k €	-191%	870,6 k €
Operating result	-503,1 k €	-12.6%	-446,6 k €	+25.3%	-598 k €	+46.8%	-1,1 M €	-357%	436,4 k €
Net result	-490,1 k €	-9.6%	-447,3 k €	+35.1%	-689,8 k €	+36.1%	-1,1 M €	-349%	433 k €
Balance sheet
Equity	2,1 M €	-18.9%	2,6 M €	-14.7%	3 M €	-18.5%	3,7 M €	-67.6%	11,5 M €
Total assets	6 M €	-5.6%	6,3 M €	+16.5%	5,4 M €	+4.4%	5,2 M €	-55.0%	11,5 M €
Cash	125,6 k €	+2933%	4,1 k €	-97.3%	154,5 k €	-14.3%	180,2 k €	-91.4%	2,1 M €
Debts	3,4 M €	-9.6%	3,7 M €	+62.7%	2,3 M €	+105%	1,1 M €	+6228%	17,7 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

4 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Davy DEMUYNCK	Director20/06/2022 → 17/11/2027
Kristof VANFLETEREN	Director20/06/2022 → 17/11/2027
NICOLAS ORTS0466.809.431Represented by Nicolas Orts	Director20/06/2022 → 17/11/2027
ZOU20502.250.459Represented by Sophie LAMBRIGHS	Director20/06/2022 → 17/11/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Robertus LENAERS	Director06/05/2022 → 20/06/2022
Christophe MAES	Chairman of the board of directors16/05/2021 → 19/05/2024
Gérard APPRUZZESE	Director16/05/2021 → 20/06/2022

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	6 months	12 months	12 months
Filing date	27/01/2026	17/01/2025	02/01/2024	22/12/2022	30/05/2022	26/05/2021
General meeting	19/12/2025	20/11/2024	15/11/2023	06/12/2022	04/05/2022	19/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	19/12/2025	27/01/2026	French	PDF
Abridged model	30/06/2024	20/11/2024	17/01/2025	French	PDF
Abridged model	30/06/2023	15/11/2023	02/01/2024	French	PDF
Abridged model	30/06/2022	06/12/2022	22/12/2022	French	PDF
Abridged model	31/12/2021	04/05/2022	30/05/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	26/05/2021	French	PDF
Abridged model	31/12/2019	02/07/2020	26/08/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	06/06/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	13/06/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	11/05/2016	24/05/2016	French	PDF
Abridged model	31/12/2014	07/05/2015	11/05/2015	French	PDF
Abridged model	31/12/2013	07/05/2014	21/05/2014	French	PDF
Abridged model	31/12/2012	08/05/2013	22/05/2013	French	PDF
Abridged model	31/12/2011	02/05/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	06/05/2011	10/05/2011	French	PDF
Abridged model	31/12/2009	05/05/2010	18/05/2010	French	PDF
Abridged model	31/12/2008	06/05/2009	12/05/2009	French	PDF
Abridged model	31/12/2007	07/05/2008	03/06/2008	French	PDF
Abridged model	31/12/2006	02/05/2007	30/05/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025

4 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Davy DEMUYNCK	Director20/06/2022 → 17/11/2027
Kristof VANFLETEREN	Director20/06/2022 → 17/11/2027
NICOLAS ORTS0466.809.431Represented by Nicolas Orts	Director20/06/2022 → 17/11/2027
ZOU20502.250.459Represented by Sophie LAMBRIGHS	Director20/06/2022 → 17/11/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Robertus LENAERS	Director06/05/2022 → 20/06/2022
Christophe MAES	Chairman of the board of directors16/05/2021 → 19/05/2024
Gérard APPRUZZESE	Director16/05/2021 → 20/06/2022

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates18/09/2026
DEMISSIONS, NOMINATIONS — AG de 28 | (ols
PDF
Mandates24/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates01/12/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office13/12/2022
SIEGE SOCIAL
PDF
Mandates17/10/2022
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates12/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/07/2022
MAATSCHAPPELIJKE ZETEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates29/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

NICOLAS ORTS

ZOU2

Davy DEMUYNCK

Kristof VANFLETEREN

Robertus LENAERS

Gérard APPRUZZESE

Christophe MAES

Jacques DE MEESTER

Robert de MÛELENAERE

Rob LENAERS

Dirk CORDEEL

Tom MEEUS

and 7 more mandates

196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

INACO

Avenue Louise 480, 1050 Ixelles

Director

DirectorVice-chairman of the board of directors

Chairman of the board of directorsVice-chairman of the board of directorsDirector

DirectorChairman of the board of directorsVice-chairman of the board of directors

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Louise 480, 1050 IxellesCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00028907
Cantersteen 47, 1000 Brussels	accounts 2022	Accounts 2022 · 2022-20546061
rue du Lombard 34-42, 1000 Brussels	accounts 2021	Accounts 2021 · 2022-20042261

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJFCurrent		CBE
INACO	accounts 2022 → 2025	Accounts 2025 · 2026-00028907
Immoblière Nationale de la Construction	accounts 2021	Accounts 2021 · 2022-20042261

Events

2025
Annual accounts 2025-490,1 k €↓
2024
Annual accounts 2024-447,3 k €↑
2023
Annual accounts 2023-689,8 k €↑
2022
Annual accounts 2022-1,1 M €↓
2022
Name changeINACO
2021
Annual accounts 2021433 k €↑
2020
Annual accounts 2020213,4 k €↑
2019
Annual accounts 2019132,4 k €↑
2018
Annual accounts 201846,4 k €↑
2017
Annual accounts 20179,6 k €↑
2016
Annual accounts 2016149,9 €↓
2015
Annual accounts 2015370,4 €↑
2014
Annual accounts 2014-80,1 k €↑
2013
Annual accounts 2013-182,7 k €↓
2012
Annual accounts 2012-54,9 k €↑
2011
Annual accounts 2011-65,9 k €↓
2010
Annual accounts 201011,2 k €↓
2009
Annual accounts 200911,7 k €↓
2008
Annual accounts 200857,6 k €
01/01/1968
IncorporationPublic limited company

NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events