R2AG
0412.704.811 · rovalta.com · 23/09/2026
ACTIVE
R2AG
Financial year 2025 · closed on 31/12/2025
Net result
1,3 M €
+31.8% YoY
Gross margin
3,4 M €
+36.8% YoY
Equity
25 M €
+2.2% YoY
Workforce
6,3 ETP
+3.3% YoY
Overview
What does R2AG do?
R2AG is a Public limited company incorporated in 1972. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Aarschot. It employs on average 6,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0412.704.811
Incorporation
19/10/1972
Legal form
Public limited company
Registered office
Gelrodeweg 95
3200 Aarschot · FlandreSee on map
3200 Aarschot · FlandreSee on map
Contributed capital
11 035 326,58 €
Latest accounts
31/12/2025
Average workforce
6,3 ETP
Activities (NACE)
Joint committees (6)
- 100
- 1000
- 200
- 2000
- 218
- 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 3,4 M € | +36.8% | 2,5 M € | -2.6% | 2,6 M € | -50.0% | 5,2 M € | +107% | 2,5 M € | +3.4% | 2,4 M € | -23.6% | 3,2 M € | +4.4% | 3 M € | +215% | 957,8 k € | -1.5% | 972,7 k € | – | – | – | – | – | – | – | – | 522,2 k € | |||||||||
| EBITDA | 2,7 M € | +53.9% | 1,8 M € | -9.8% | 2 M € | -57.2% | 4,6 M € | +141% | 1,9 M € | +9.9% | 1,7 M € | -26.9% | 2,4 M € | +4.6% | 2,3 M € | +303% | 563,3 k € | -4.1% | 587,2 k € | +2.9% | 570,8 k € | +12.7% | 506,4 k € | +28.4% | 394,6 k € | +57.7% | 250,2 k € | +16.1% | 215,5 k € | +3.9% | 207,4 k € | +86.7% | 111,1 k € | -67.2% | 338,4 k € | +9.3% | 309,7 k € |
| Operating result | 1,7 M € | +145% | 692,1 k € | -18.9% | 853,2 k € | -75.1% | 3,4 M € | +354% | 755,9 k € | +62.5% | 465,1 k € | -58.5% | 1,1 M € | +7.1% | 1 M € | +394% | 211,6 k € | -12.1% | 240,7 k € | +15.4% | 208,5 k € | +42.4% | 146,4 k € | -13.1% | 168,5 k € | +253% | 47,7 k € | +6054% | -801,4 € | +63.3% | -2,2 k € | +96.1% | -56,6 k € | -170% | 80,9 k € | +16.0% | 69,8 k € |
| Net result | 1,3 M € | +31.8% | 951,7 k € | +3.7% | 918 k € | -59.0% | 2,2 M € | +397% | 450 k € | +8622% | -5,3 k € | -101% | 1 M € | +177% | 365,6 k € | +150% | -737,4 k € | -196% | 765,2 k € | +145% | 312,6 k € | -76.9% | 1,4 M € | +271% | 364,8 k € | +298% | 91,7 k € | +204% | -88,3 k € | -3211% | 2,8 k € | -99.8% | 1,8 M € | +667% | 228,3 k € | +316% | -105,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 25 M € | +2.2% | 24,5 M € | +1.5% | 24,1 M € | +1.3% | 23,8 M € | +5.0% | 22,7 M € | +0.2% | 22,6 M € | -0.9% | 22,8 M € | +1.6% | 22,5 M € | +207% | 7,3 M € | -9.2% | 8,1 M € | +6.8% | 7,5 M € | +2.6% | 7,4 M € | -1.4% | 7,5 M € | +5.1% | 7,1 M € | +1.3% | 7 M € | -1.2% | 7,1 M € | +0.0% | 7,1 M € | +32.8% | 5,3 M € | +4.5% | 5,1 M € |
| Total assets | 38,2 M € | -0.5% | 38,4 M € | -1.9% | 39,1 M € | -3.2% | 40,4 M € | +1.9% | 39,7 M € | -1.9% | 40,4 M € | -4.7% | 42,4 M € | -0.4% | 42,6 M € | +351% | 9,4 M € | -10.9% | 10,6 M € | -0.0% | 10,6 M € | -18.5% | 13 M € | +12.5% | 11,6 M € | +20.8% | 9,6 M € | +0.5% | 9,5 M € | -5.0% | 10 M € | +0.7% | 10 M € | +28.0% | 7,8 M € | +2.9% | 7,6 M € |
| Cash | 4,3 M € | +147% | 1,7 M € | +43.4% | 1,2 M € | -19.4% | 1,5 M € | -69.1% | 4,9 M € | -11.4% | 5,5 M € | +78.9% | 3,1 M € | +95.2% | 1,6 M € | +193% | 540,5 k € | +10.7% | 488,2 k € | +177% | 176,1 k € | -92.4% | 2,3 M € | +1643% | 133,2 k € | -93.5% | 2 M € | -40.0% | 3,4 M € | +1.6% | 3,3 M € | +149% | 1,3 M € | +13.7% | 1,2 M € | +109% | 565,5 k € |
| Debts | 8,2 M € | -8.3% | 9 M € | -9.8% | 9,9 M € | -13.0% | 11,4 M € | -3.8% | 11,9 M € | -5.5% | 12,6 M € | -11.6% | 14,2 M € | -4.1% | 14,8 M € | +987% | 1,4 M € | -24.2% | 1,8 M € | -20.9% | 2,3 M € | -50.9% | 4,6 M € | +48.6% | 3,1 M € | +89.1% | 1,6 M € | -0.0% | 1,6 M € | -21.7% | 2,1 M € | +9.1% | 1,9 M € | -20.7% | 2,4 M € | -0.5% | 2,4 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 6,3 ETP | +3.3% | 6,1 ETP | +15.1% | 5,3 ETP | +1.9% | 5,2 ETP | -3.7% | 5,4 ETP | -10.0% | 6,0 ETP | -13.0% | 6,9 ETP | -8.0% | 7,5 ETP | +41.5% | 5,3 ETP | 0.0% | 5,3 ETP | -7.0% | 5,7 ETP | -3.4% | 5,9 ETP | -13.2% | 6,8 ETP | -12.8% | 7,8 ETP | -10.3% | 8,7 ETP | 0.0% | 8,7 ETP | +102% | 4,3 ETP | +10.3% | 3,9 ETP | -2.5% | 4,0 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 55 ended
Active mandates
Edwin Martens
ActiveAndreas Geens
ActiveAngelique GEENS
ActiveEnded mandates
Andreas GEENS
EndedAngelique GEENS
EndedAnne VAN CLEYNENBREUGEL
EndedAnne VAN CLEYNENBREUGEL
EndedFinancials
Annual accounts
Full financial information
| 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 | 01/01/2025 | 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 | 15/06/2026 | 23/06/2025 | 22/07/2024 | 28/07/2023 | 29/07/2022 | 22/07/2021 |
| General meeting | 05/06/2026 | 06/06/2025 | 07/06/2024 | 02/06/2023 | 03/06/2022 | 04/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
50 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 05/06/2026 | 15/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 06/06/2025 | 23/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 07/06/2024 | 22/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 02/06/2023 | 28/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 03/06/2022 | 29/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 04/06/2021 | 22/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 05/06/2020 | 11/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 21/06/2019 | 24/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 01/06/2018 | 20/06/2018 | Dutch | |
| Abridged model | 31/10/2016 | 27/04/2017 | 10/05/2017 | Dutch | |
| Abridged model | 31/10/2015 | 28/04/2016 | 19/05/2016 | Dutch | |
| Full model | 31/10/2014 | 30/04/2015 | 28/05/2015 | Dutch | |
| Full modelCorrection | 31/10/2013 | 28/03/2014 | 04/06/2014 | Dutch | |
| Full model | 31/10/2013 | 28/03/2014 | 10/04/2014 | Dutch | |
| Full model | 31/10/2012 | 24/04/2013 | 02/05/2013 | Dutch | |
| Full model | 31/10/2011 | 26/04/2012 | 04/05/2012 | Dutch | |
| Full model | 31/10/2010 | 05/05/2011 | 10/05/2011 | Dutch | |
| Full model | 31/10/2009 | 02/06/2010 | 03/08/2010 | Dutch | |
| Full model | 31/10/2008 | 31/03/2010 | 03/06/2010 | Dutch | |
| Full model | 31/12/2007 | 27/08/2009 | 09/09/2009 | Dutch | |
| Abridged model | 31/12/2006 | 20/06/2007 | 02/07/2007 | Dutch | |
| Abridged model | 31/12/2005 | 26/05/2006 | 20/06/2006 | Dutch | |
| Abridged model | 31/12/2004 | 26/05/2005 | 15/06/2005 | Dutch | |
| Abridged model | 31/12/2003 | 27/05/2004 | 30/06/2004 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 55 ended
Active mandates
Edwin Martens
ActiveAndreas Geens
ActiveAngelique GEENS
ActiveEnded mandates
Andreas GEENS
EndedAngelique GEENS
EndedAnne VAN CLEYNENBREUGEL
EndedAnne VAN CLEYNENBREUGEL
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates15/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates03/07/2024ONTSLAGEN - BENOEMINGEN
- Mandates11/05/2021ONTSLAGEN - BENOEMINGEN
- Mandates06/07/2020ONTSLAGEN - BENOEMINGEN
- Mandates08/10/2019ONTSLAGEN - BENOEMINGEN
- Restructuring16/08/2019BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates08/08/2019ONTSLAGEN - BENOEMINGEN
- Restructuring13/05/2019RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20251,3 M €↑
- 2024Annual accounts 2024951,7 k €↑
- 2023Annual accounts 2023918 k €↓
- 2022Annual accounts 20222,2 M €↑
- 2021Annual accounts 2021450 k €↑
- 2020Annual accounts 2020-5,3 k €↓
- 2019Annual accounts 20191 M €↑
- 2018Annual accounts 2018365,6 k €↑
- 2016Annual accounts 2016-737,4 k €↓
- 2015Annual accounts 2015765,2 k €↑
- 2014Annual accounts 2014312,6 k €↓
- 2013Annual accounts 20131,4 M €↑
- 2012Annual accounts 2012364,8 k €↑
- 2011Annual accounts 201191,7 k €↑
- 2010Annual accounts 2010-88,3 k €↓
- 2009Annual accounts 20092,8 k €↓
- 2008Annual accounts 20081,8 M €↑
- 2007Annual accounts 2007228,3 k €↑
- 2006Annual accounts 2006-105,8 k €
- 19/10/1972IncorporationPublic limited company