ACTIVE

Immocena

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Financial year 2025 · closed on 31/12/2025

Net result

-6,8 k €

+23.2% YoY

Gross margin

408,5 k €

-4.7% YoY

Equity

2,6 M €

-0.1% YoY

What does Immocena do?

Immocena is a Public limited company incorporated in 1956. Its main activity is: Buying and selling of own real estate. Its registered office is in Grez-Doiceau.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.371.926

Incorporation

29/01/1956

Legal form

Public limited company

Registered office

Drève de Laurensart 2
1390 Grez-Doiceau · WallonieSee on map

Contributed capital

156 175,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70200Management consultancy activities 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	408,5 k €	-4.7%	428,4 k €	+8.4%	395,3 k €	+9.9%	359,7 k €	-10.8%	403,1 k €	+40.5%	286,9 k €	+59.1%	180,3 k €	-76.6%	769,5 k €	+451%	139,7 k €	+13.8%	122,8 k €	+41.6%	86,7 k €	+52.0%	57 k €	-74.3%	222 k €	-7.5%	239,9 k €	-2.3%	245,6 k €	+20.7%	203,5 k €	+6.3%	191,4 k €	+28.7%	148,7 k €	-25.4%	199,5 k €	-10.8%	223,7 k €
EBITDA	385,5 k €	-3.1%	397,9 k €	+24.2%	320,4 k €	+16.0%	276,2 k €	-12.6%	316 k €	+51.9%	208,1 k €	+115%	97 k €	-86.0%	693,6 k €	+1836%	35,8 k €	-40.5%	60,2 k €	+534%	-13,9 k €	+85.5%	-95,9 k €	-163%	153,2 k €	-2.0%	156,4 k €	-14.5%	182,9 k €	+27.3%	143,7 k €	-7.9%	155,9 k €	+21.6%	128,2 k €	-25.2%	171,4 k €	-3.0%	176,7 k €
Operating result	132,9 k €	-8.0%	144,5 k €	+70.3%	84,8 k €	+105%	41,5 k €	-51.8%	85,9 k €	+89.2%	45,4 k €	+241%	-32,3 k €	-109%	342,7 k €	+1939%	-18,6 k €	-508%	4,6 k €	+107%	-66,8 k €	+53.1%	-142,5 k €	-356%	55,7 k €	-19.7%	69,4 k €	-29.5%	98,4 k €	+65.5%	59,5 k €	-12.2%	67,7 k €	+449%	-19,4 k €	-118%	108 k €	-6.4%	115,3 k €
Net result	-6,8 k €	+23.2%	-8,8 k €	+74.0%	-33,9 k €	-42.3%	-23,8 k €	-102%	1,5 M €	+21657%	-6,7 k €	+88.4%	-58,3 k €	-132%	179,7 k €	+512%	-43,6 k €	-376%	-9,2 k €	-108%	121,3 k €	-82.7%	702 k €	+1537%	42,9 k €	+449%	-12,3 k €	-132%	38,9 k €	+260%	-24,3 k €	+91.4%	-283,8 k €	-202%	-93,9 k €	-207%	87,5 k €	+22.1%	71,6 k €
Balance sheet
Equity	2,6 M €	-0.1%	2,6 M €	-0.3%	2,6 M €	-1.3%	2,6 M €	-0.9%	2,6 M €	+123%	1,2 M €	-0.6%	1,2 M €	-4.7%	1,3 M €	+16.8%	1,1 M €	-3.9%	1,1 M €	-0.8%	1,1 M €	+12.1%	1 M €	+233%	300,8 k €	+16.6%	257,9 k €	-4.5%	270,2 k €	+16.8%	231,3 k €	-9.5%	255,6 k €	-52.6%	539,4 k €	-14.8%	633,3 k €	+16.0%	545,9 k €
Total assets	6,9 M €	-1.7%	7,1 M €	-2.6%	7,2 M €	-3.9%	7,5 M €	+4.9%	7,2 M €	-2.9%	7,4 M €	+99.1%	3,7 M €	-6.1%	4 M €	+62.6%	2,4 M €	-2.8%	2,5 M €	-1.9%	2,6 M €	+3.5%	2,5 M €	+30.7%	1,9 M €	-9.8%	2,1 M €	-5.7%	2,2 M €	-1.7%	2,3 M €	-4.8%	2,4 M €	-17.7%	2,9 M €	+17.0%	2,5 M €	+7.3%	2,3 M €
Cash	639,5 €	-92.8%	8,8 k €	+1128%	719,6 €	-90.7%	7,7 k €	+6.0%	7,3 k €	-21.1%	9,2 k €	+55.7%	5,9 k €	-95.9%	143,6 k €	+26813%	533,5 €	-14.9%	626,7 €	-19.6%	779,4 €	-77.6%	3,5 k €	+498%	581,8 €	+2414%	23,1 €	-67.7%	71,6 €	-81.6%	388,9 €	-88.0%	3,2 k €	+23863%	13,6 €	-100.0%	76,2 k €		–
Debts	3,5 M €	-2.2%	3,6 M €	-3.9%	3,7 M €	-5.6%	3,9 M €	+12.4%	3,5 M €	-37.2%	5,6 M €	+205%	1,8 M €	-6.6%	2 M €	+178%	706,5 k €	+1.3%	697,4 k €	-1.8%	710,2 k €	-10.7%	795 k €	-27.1%	1,1 M €	-17.6%	1,3 M €	-4.6%	1,4 M €	-4.8%	1,5 M €	-5.4%	1,5 M €	-11.7%	1,7 M €	+5.5%	1,7 M €	+3.8%	1,6 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,5 ETP	-25.0%	2,0 ETP	0.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+66.7%	0,6 ETP	+200%	0,2 ETP	-33.3%	0,3 ETP	-70.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

ALICE KAGWESAGE

Managing director · since 01 avril 2025

Active

HERVE DE LIEDEKERKE

Managing director · since 29 mai 2009 · until 31 mars 2025

Active

Ended mandates

GUY-PHILIPPE DE RIBEAUCOURT

Director · since 29 mai 2009

Ended

HERVE DE LIEDEKERKE

Managing director · since 29 mai 2009

Ended

WALPABOU

Managing director · since 29 mai 2009 · 0467.068.460

Represented by JEAN-MARIE FROES

Ended

HERVE DE LIEDEKERKE

Managing director · since 28 novembre 2005

Ended

At this address

Other companies at this address

Company	CBE no.
ASPHAN● Active	0837.728.325
QUAIS DYLE● Active	0433.681.555
W.B.I.● Active	0433.006.713

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	25/08/2025	26/09/2024	31/08/2023	25/08/2022	31/08/2021
General meeting	28/05/2026	29/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/05/2026	31/08/2026	French	PDF
Micro model	31/12/2024	29/05/2025	25/08/2025	French	PDF
Micro model	31/12/2023	31/05/2024	26/09/2024	French	PDF
Micro model	31/12/2022	26/05/2023	31/08/2023	French	PDF
Micro model	31/12/2021	27/05/2022	25/08/2022	French	PDF
Micro model	31/12/2020	28/05/2021	31/08/2021	French	PDF
Micro model	31/12/2019	02/09/2020	29/10/2020	French	PDF
Micro model	31/12/2018	31/05/2019	18/07/2019	French	PDF
Micro model	31/12/2017	25/05/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	27/08/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	25/09/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	20/12/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	30/09/2009	French	PDF
Abridged model	31/12/2007	29/05/2008	18/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

ALICE KAGWESAGE

Managing director · since 01 avril 2025

Active

HERVE DE LIEDEKERKE

Managing director · since 29 mai 2009 · until 31 mars 2025

Active

Ended mandates

GUY-PHILIPPE DE RIBEAUCOURT

Director · since 29 mai 2009

Ended

HERVE DE LIEDEKERKE

Managing director · since 29 mai 2009

Ended

WALPABOU

Managing director · since 29 mai 2009 · 0467.068.460

Represented by JEAN-MARIE FROES

Ended

HERVE DE LIEDEKERKE

Managing director · since 28 novembre 2005

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates14/08/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates10/04/2006
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/09/2005
CAPITAL, ACTIONS
PDF
Mandates18/02/2003
DEMISSIONS, NOMINATIONS - SIEGE SOCIAL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-6,8 k €↑
2024
Annual accounts 2024-8,8 k €↑
2023
Annual accounts 2023-33,9 k €↓
2022
Annual accounts 2022-23,8 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020-6,7 k €↑
2019
Annual accounts 2019-58,3 k €↓
2018
Annual accounts 2018179,7 k €↑
2017
Annual accounts 2017-43,6 k €↓
2016
Annual accounts 2016-9,2 k €↓
2015
Annual accounts 2015121,3 k €↓
2014
Annual accounts 2014702 k €↑
2013
Annual accounts 201342,9 k €↑
2012
Annual accounts 2012-12,3 k €↓
2011
Annual accounts 201138,9 k €↑
2010
Annual accounts 2010-24,3 k €↑
2009
Annual accounts 2009-283,8 k €↓
2008
Annual accounts 2008-93,9 k €↓
2007
Annual accounts 200787,5 k €↑
2006
Annual accounts 200671,6 k €
29/01/1956
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Immocena

Overview

What does Immocena do?

Trend over 20 financial years

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