ACTIVE

CBRE

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Financial year 2025 · closed on 31/12/2025

Net result

5,9 M €

+80.0% YoY

Revenue

49,2 M €

+40.4% YoY

Equity

31,4 M €

+23.1% YoY

Workforce

88,0 ETP

+28.8% YoY

What does CBRE do?

CBRE is a Public limited company incorporated in 1972. Its main activity is: Real estate agencies. Its registered office is in Bruxelles. It employs on average 88,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.578.810

Incorporation

13/07/1972

Legal form

Public limited company

Registered office

Boulevard de Waterloo 16
1000 Bruxelles · BruxellesSee on map

Contributed capital

371 840,29 €

Latest accounts

31/12/2025

Average workforce

88,0 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities 41101Development of building projects 68121Buying and selling of own real estate 70111Activities of head offices

Joint committees (3)

218
323
32300

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	49,2 M €	+40.4%	35,1 M €	+3.4%	33,9 M €	-10.4%	37,8 M €	+21.0%	31,3 M €	+20.2%	26 M €	-6.8%	27,9 M €	-6.6%	29,9 M €	-4.9%	31,4 M €	+17.0%	26,9 M €	+18.0%	22,8 M €	+8.4%	21 M €	+15.3%	18,2 M €	+37.8%	13,2 M €	+40.0%	9,4 M €	+25.7%	7,5 M €	+16.7%	6,4 M €	-48.2%	12,4 M €	-37.8%	20 M €	+40.0%	14,3 M €
EBITDA	4,2 M €	-4.5%	4,4 M €	+8.2%	4,1 M €	-7.2%	4,4 M €	+77.3%	2,5 M €	-9.2%	2,7 M €	-32.7%	4 M €	+31.4%	3,1 M €	-31.6%	4,5 M €	+25.2%	3,6 M €	+18.7%	3 M €	+40.4%	2,2 M €	+88.7%	1,1 M €	+2721%	40,4 k €	-96.3%	1,1 M €	-18.3%	1,3 M €	-17.8%	1,6 M €	-70.9%	5,6 M €	-52.5%	11,7 M €	+48.9%	7,9 M €
Operating result	3 M €	-20.4%	3,8 M €	+4.8%	3,6 M €	-8.3%	4 M €	+75.6%	2,3 M €	-9.3%	2,5 M €	-38.0%	4 M €	+34.4%	3 M €	-32.2%	4,4 M €	+55.2%	2,8 M €	+24.4%	2,3 M €	+61.8%	1,4 M €	+745%	-218,9 k €	+83.7%	-1,3 M €	-237%	977,5 k €	-14.0%	1,1 M €	-24.5%	1,5 M €	-72.4%	5,5 M €	-53.5%	11,7 M €	+50.2%	7,8 M €
Net result	5,9 M €	+80.0%	3,3 M €	+19.0%	2,8 M €	-7.3%	3 M €	+106%	1,4 M €	-13.2%	1,7 M €	-63.6%	4,6 M €	+130%	2 M €	-24.0%	2,6 M €	+44.0%	1,8 M €	+7.1%	1,7 M €	+48.6%	1,1 M €	+382%	-404,4 k €	+73.1%	-1,5 M €	-259%	946,1 k €	-16.9%	1,1 M €	-12.4%	1,3 M €	-72.2%	4,7 M €	-49.2%	9,2 M €	+53.4%	6 M €
Balance sheet
Equity	31,4 M €	+23.1%	25,5 M €	+14.7%	22,2 M €	+14.1%	19,5 M €	+18.0%	16,5 M €	+9.6%	15,1 M €	+12.4%	13,4 M €	-28.8%	18,9 M €	+11.8%	16,9 M €	+18.3%	14,3 M €	+9.1%	13,1 M €	+2.9%	12,7 M €	+1.4%	12,5 M €	-8.3%	13,7 M €	-12.4%	15,6 M €	+2.9%	15,2 M €	+2.5%	14,8 M €	+5.7%	14 M €	+22.2%	11,5 M €	+90.7%	6 M €
Total assets	47,6 M €	+16.3%	40,9 M €	+10.8%	36,9 M €	+2.8%	35,9 M €	+6.0%	33,9 M €	+15.3%	29,4 M €	+10.8%	26,5 M €	-28.9%	37,3 M €	+30.9%	28,5 M €	+19.0%	23,9 M €	+8.1%	22,2 M €	+9.3%	20,3 M €	+7.9%	18,8 M €	+3.5%	18,1 M €	-6.2%	19,3 M €	+1.5%	19,1 M €	+7.9%	17,7 M €	-7.2%	19 M €	-4.4%	19,9 M €	+51.0%	13,2 M €
Cash	31,8 M €	+39.1%	22,9 M €	+9.7%	20,8 M €	+23.7%	16,8 M €	+32.4%	12,7 M €	+18.9%	10,7 M €	+20.5%	8,9 M €	-41.5%	15,2 M €	+17.1%	13 M €	+37.6%	9,4 M €	-14.3%	11 M €	+49.7%	7,3 M €	+11.1%	6,6 M €	+18.3%	5,6 M €	-38.7%	9,1 M €	+17.0%	7,8 M €	-0.8%	7,8 M €	-15.8%	9,3 M €	+30.1%	7,2 M €	+3232%	215 k €
Debts	14,8 M €	+3.3%	14,3 M €	+4.1%	13,7 M €	-9.1%	15,1 M €	-1.6%	15,4 M €	+15.8%	13,3 M €	+3.6%	12,8 M €	-26.3%	17,4 M €	+50.5%	11,5 M €	+42.4%	8,1 M €	-6.3%	8,6 M €	+31.9%	6,6 M €	+21.8%	5,4 M €	+34.2%	4 M €	+17.0%	3,4 M €	-9.4%	3,8 M €	+41.8%	2,7 M €	-45.4%	4,9 M €	-39.3%	8 M €	+15.8%	6,9 M €
Other
Workforce	88,0 ETP	+28.8%	68,3 ETP	+0.4%	68,0 ETP	-3.1%	70,2 ETP	+5.7%	66,4 ETP	-10.5%	74,2 ETP	-9.6%	82,1 ETP	+8.6%	75,6 ETP	+12.2%	67,4 ETP	+13.7%	59,3 ETP	+14.3%	51,9 ETP	+8.1%	48,0 ETP	-2.4%	49,2 ETP	+9.8%	44,8 ETP	+28.4%	34,9 ETP	+12.9%	30,9 ETP	+13.2%	27,3 ETP	-8.1%	29,7 ETP	-1.0%	30,0 ETP	-13.0%	34,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 28 ended

Active mandates

KUMAX

Director · since 30 juin 2022 · until 17 mai 2028 · 0863.276.244

Represented by Maxime Kumpen

Active

Marco Hekman

Director · since 30 juin 2022 · until 17 mai 2028

Active

Ended mandates

KUMAX

Managing director · since 30 juin 2022 · until 30 juin 2028 · 0863.276.244

Represented by Maxime Kumpen

Ended

Marco Hekman

Director · since 30 juin 2022 · until 30 juin 2028

Ended

KUMAX

Managing director · since 16 mai 2016 · until 30 juin 2022 · 0863.276.244

Represented by Maxime Kumpen

Ended

KUMAX

Managing director · since 05 mai 2016 · until 18 mai 2022 · 0863.276.244

Represented by Maxime KUMPEN

Ended

At this address

Other companies at this address

Company	CBE no.
ACTALYS, NOTAIRES ASSOCIES● Active	0831.909.513
Amicale du Personnel de la Caisse Nationale de Crédit Professionnel● Active	0407.951.316
Association Familiale de Hemptinne● Active	0409.782.834
Boulevard De Waterloo 38● Active	0684.563.048
Caution Mutuelle des Travailleurs Indépendants● Liquidation	0403.259.682
CBRE Company Management● Active	0846.226.218
CBRE Property and Asset Management● Active	0412.909.105
Comptoir de Dépots et de Crédit aux Classes Moyennes● Liquidation	0403.266.909
DE BROUCHOVEN DE BERGEYCK JOHN● Active	0789.756.479
Faconnable Belgique● Active	0433.029.279
HACKETT RETAIL BELGIUM● Active	0886.785.480
INSUROPE● Active	0542.953.144
Lexunion● Active	0478.659.267
PERNOD RICARD BELGIUM● Active	0414.380.832
Rimowa Belgium● Active	1010.931.228
Sonian Holdings● Active	0661.797.049
Sources Property● Active	0668.437.490
SYLATCA● Active	1007.812.182
TINTAGEL● Active	0668.575.765

Annual accounts

Full financial information

	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	16/07/2026	01/07/2025	11/07/2024	01/09/2023	07/07/2022	02/08/2021
General meeting	15/07/2026	19/06/2025	14/06/2024	29/08/2023	30/06/2022	28/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/07/2026	16/07/2026	French	PDF
Full model	31/12/2024	19/06/2025	01/07/2025	French	PDF
Full model	31/12/2023	14/06/2024	11/07/2024	French	PDF
Full model	31/12/2022	29/08/2023	01/09/2023	French	PDF
Full model	31/12/2021	30/06/2022	07/07/2022	French	PDF
Full model	31/12/2020	28/06/2021	02/08/2021	French	PDF
Full model	31/12/2019	29/06/2020	05/08/2020	French	PDF
Full model	31/12/2018	31/07/2019	31/07/2019	French	PDF
Full model	31/12/2017	03/08/2018	13/08/2018	French	PDF
Full model	31/12/2016	06/06/2017	17/07/2017	French	PDF
Full model	31/12/2015	18/05/2016	23/05/2016	French	PDF
Full model	31/12/2014	12/05/2016	23/05/2016	French	PDF
Full model	31/12/2013	05/06/2014	12/08/2014	French	PDF
Full model	31/12/2012	15/05/2013	21/06/2013	French	PDF
Full model	31/12/2011	16/05/2012	21/06/2012	French	PDF
Full model	31/12/2010	18/05/2011	16/06/2011	French	PDF
Full model	31/12/2009	19/05/2010	28/06/2010	French	PDF
Full model	31/12/2008	20/05/2009	14/07/2009	French	PDF
Full model	31/12/2007	21/05/2008	26/06/2008	French	PDF
Full model	31/12/2006	16/05/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 28 ended

Active mandates

KUMAX

Director · since 30 juin 2022 · until 17 mai 2028 · 0863.276.244

Represented by Maxime Kumpen

Active

Marco Hekman

Director · since 30 juin 2022 · until 17 mai 2028

Active

Ended mandates

KUMAX

Managing director · since 30 juin 2022 · until 30 juin 2028 · 0863.276.244

Represented by Maxime Kumpen

Ended

Marco Hekman

Director · since 30 juin 2022 · until 30 juin 2028

Ended

KUMAX

Managing director · since 16 mai 2016 · until 30 juin 2022 · 0863.276.244

Represented by Maxime Kumpen

Ended

KUMAX

Managing director · since 05 mai 2016 · until 18 mai 2022 · 0863.276.244

Represented by Maxime KUMPEN

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/12/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring18/09/2025
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other20/06/2025
DIVERS
PDF
Other19/06/2025
DIVERS
PDF
Mandates04/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates22/03/2022
DEMISSIONS, NOMINATIONS
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 20255,9 M €↑
2024
Annual accounts 20243,3 M €↑
2023
Annual accounts 20232,8 M €↓
2022
Annual accounts 20223 M €↑
2021
Annual accounts 20211,4 M €↓
2020
Annual accounts 20201,7 M €↓
2019
Annual accounts 20194,6 M €↑
2018
Annual accounts 20182 M €↓
2017
Annual accounts 20172,6 M €↑
2016
Annual accounts 20161,8 M €↑
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 20141,1 M €↑
2013
Annual accounts 2013-404,4 k €↑
2012
Annual accounts 2012-1,5 M €↓
2011
Annual accounts 2011946,1 k €↓
2011
Name changeCBRE
2010
Annual accounts 20101,1 M €↓
2009
Annual accounts 20091,3 M €↓
2008
Annual accounts 20084,7 M €↓
2007
Annual accounts 20079,2 M €↑
2006
Annual accounts 20066 M €
2006
Name changeCB RICHARD ELLIS
13/07/1972
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

CBRE

Overview

What does CBRE 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