ACTIVE

IMMO WEST I

Financial year 2025 · Closed on 31/12/2025

Net result181,7 k €-38,9 %over 1 year

Revenue601 k €-97,2 %over 1 year

Equity1,9 M €-26,0 %over 1 year

Identity

Source · BCE/KBO

IMMO WEST I 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 Brugge.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0405.161.080
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Pathoekeweg 7
8000 Brugge · FlandreSee on map
Contributed capital: 820 617,86 €
Latest accounts: 31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 64210Activities of holding companies 68110Buying and selling of own real estate 68122Buying and selling of own real estate 68204Rental and operating of own or leased real estate

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 22 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	601 k €	-97.2%	21,1 M €	-13.1%	24,3 M €	+33.5%	18,2 M €	-14.2%	21,2 M €
EBITDA	585,6 k €	-5.6%	620,2 k €	-6.3%	661,8 k €	+35.9%	487,1 k €	-9.1%	535,7 k €
Operating result	498,9 k €	-5.4%	527,5 k €	+16.4%	453,2 k €	+32.7%	341,4 k €	-16.7%	409,7 k €
Net result	181,7 k €	-38.9%	297,5 k €	+41.0%	210,9 k €	+5.2%	200,5 k €	-16.9%	241,1 k €
Balance sheet
Equity	1,9 M €	-26.0%	2,6 M €	+3.9%	2,5 M €	+9.2%	2,3 M €	+2.2%	2,2 M €
Total assets	2,8 M €	-71.3%	9,8 M €	+14.2%	8,5 M €	-2.3%	8,7 M €	+45.1%	6 M €
Cash	445,5 k €	+349%	99,1 k €	-37.7%	159,2 k €	-28.4%	222,3 k €	-62.4%	590,5 k €
Debts	866,4 k €	-87.9%	7,1 M €	+19.7%	6 M €	-7.1%	6,4 M €	+70.4%	3,8 M €
Other
Workforce	–		21,6 ETP	-0.5%	21,7 ETP	+25.4%	17,3 ETP	-7.0%	18,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 20 ended

Active mandates

Antoine de Harlez de Deulin

Managing director · since 26 février 2024 · until 21 mai 2029

Active

IMMO 73 SA

Managing director · since 26 février 2024 · until 21 mai 2029

Represented by Caroline Maurin-Veyrenche

Active

Benoît Catelin

Managing director · since 31 octobre 2019 · until 20 mai 2025

Active

Ended mandates

Antoine de Harlez de Deuilin

Managing director · since 26 février 2024 · until 21 mai 2029

Ended

Benoît CATELIN

Director · since 31 octobre 2019

Ended

Jean-Bernard Maurin

Managing director · since 31 octobre 2019 · until 26 février 2024

Ended

Jean-Bernard MAURIN

Director · since 31 octobre 2019

Ended

Other companies at this address

Pathoekeweg 7 8000 Brugge

Company	CBE no.
Immo West II● Active	0440.506.989
UNICARS● Active	0475.949.603

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	03/06/2026	26/06/2025	22/07/2024	05/06/2023	04/07/2022	14/07/2021
General meeting	29/05/2026	20/06/2025	20/06/2024	31/05/2023	30/06/2022	20/06/2021
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

Looking for more information about this company?

Try for 7 days

Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	03/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	20/06/2025	26/06/2025	Dutch	PDF
Full model	31/12/2024	20/06/2025	24/06/2025	Dutch	PDF
Full modelCorrection	31/12/2023	20/06/2024	22/07/2024	Dutch	PDF
Full model	31/12/2023	20/06/2024	03/07/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	05/06/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	20/06/2021	14/07/2021	Dutch	PDF
Full model	31/12/2019	24/07/2020	04/08/2020	Dutch	PDF
Full model	31/12/2018	11/07/2019	17/07/2019	Dutch	PDF
Full model	31/12/2017	10/07/2018	14/08/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	11/07/2017	Dutch	PDF
Full model	31/12/2015	20/09/2016	27/09/2016	Dutch	PDF
Full model	31/12/2014	25/07/2015	27/07/2015	Dutch	PDF
Full model	31/12/2013	30/07/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	29/07/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	06/07/2012	16/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	20/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	11/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025

3 active · 20 ended

Active mandates

Antoine de Harlez de Deulin

Managing director · since 26 février 2024 · until 21 mai 2029

Active

IMMO 73 SA

Managing director · since 26 février 2024 · until 21 mai 2029

Represented by Caroline Maurin-Veyrenche

Active

Benoît Catelin

Managing director · since 31 octobre 2019 · until 20 mai 2025

Active

Ended mandates

Antoine de Harlez de Deuilin

Managing director · since 26 février 2024 · until 21 mai 2029

Ended

Benoît CATELIN

Director · since 31 octobre 2019

Ended

Jean-Bernard Maurin

Managing director · since 31 octobre 2019 · until 26 février 2024

Ended

Jean-Bernard MAURIN

Director · since 31 octobre 2019

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring07/07/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring07/07/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/04/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/04/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/06/2024
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/05/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/10/2022
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025181,7 k €↓
2025
Name changeIMMO WEST I
2024
Annual accounts 2024297,5 k €↑
2023
Annual accounts 2023210,9 k €↑
2023
Name changeUNICARS BRUGGE
2022
Annual accounts 2022200,5 k €↓
2021
Annual accounts 2021241,1 k €↑
2021
Name changeUnicars BVBA
2020
Annual accounts 2020155,2 k €↑
2019
Annual accounts 2019139 k €↓
2017
Annual accounts 2017296,8 k €↑
2016
Annual accounts 2016204,2 k €↓
2015
Annual accounts 2015299,7 k €↓
2014
Annual accounts 2014325 k €↑
2013
Annual accounts 2013303 k €↓
2012
Annual accounts 2012332,9 k €↓
2011
Annual accounts 2011501,7 k €↑
2010
Annual accounts 2010435,5 k €↑
2009
Annual accounts 2009188,9 k €↑
2008
Annual accounts 200822 k €↓
2007
Annual accounts 200758 k €↑
2006
Annual accounts 200612,8 k €
01/01/1968
IncorporationPublic limited company

IMMO WEST I

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