ACTIVE

R2AG

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Financial year 2025 · Closed on 31/12/2025

Net result1,3 M €+31,8 %over 1 year
Gross margin3,4 M €+36,8 %over 1 year
Equity25 M €+2,2 %over 1 year
Workforce6,3 ETP+3,3 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital
11 035 326,58 €
Latest accounts
31/12/2025
Average workforce
6,3 ETP
Joint committees (6)
  • 100
  • 1000
  • 200
  • 2000
  • 218
  • 323
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 50 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin3,4 M €2,5 M €2,6 M €5,2 M €2,5 M €
EBITDA2,7 M €1,8 M €2 M €4,6 M €1,9 M €
Operating result1,7 M €692,1 k €853,2 k €3,4 M €755,9 k €
Net result1,3 M €951,7 k €918 k €2,2 M €450 k €
Balance sheet
Equity25 M €24,5 M €24,1 M €23,8 M €22,7 M €
Total assets38,2 M €38,4 M €39,1 M €40,4 M €39,7 M €
Cash4,3 M €1,7 M €1,2 M €1,5 M €4,9 M €
Debts8,2 M €9 M €9,9 M €11,4 M €11,9 M €
Other
Workforce6,3 ETP6,1 ETP5,3 ETP5,2 ETP5,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 55 ended

Active mandates

Edwin Martens

Managing director · since 01 juillet 2025 · until 30 juin 2031

Active
Andreas Geens

Director · since 07 juin 2024 · until 07 juin 2030

Active
Angelique GEENS

Chairman of the board of directors · since 07 juin 2024 · until 07 juin 2030

Active

Ended mandates

Andreas GEENS

Director · since 05 juin 2020 · until 07 juin 2024

Ended
Angelique GEENS

Chairman of the board of directors · since 05 juin 2020 · until 07 juin 2024

Ended
Anne VAN CLEYNENBREUGEL

Director · since 01 septembre 2019 · until 31 mars 2021

Ended
Anne VAN CLEYNENBREUGEL

Director · since 01 septembre 2019 · until 31 août 2025

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/06/202623/06/202522/07/202428/07/202329/07/202222/07/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 50 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202615/06/2026DutchPDF
Abridged model31/12/202406/06/202523/06/2025DutchPDF
Abridged model31/12/202307/06/202422/07/2024DutchPDF
Abridged model31/12/202202/06/202328/07/2023DutchPDF
Abridged model31/12/202103/06/202229/07/2022DutchPDF
Abridged model31/12/202004/06/202122/07/2021DutchPDF
Abridged model31/12/201905/06/202011/06/2020DutchPDF
Abridged model31/12/201821/06/201924/06/2019DutchPDF
Abridged model31/12/201701/06/201820/06/2018DutchPDF
Abridged model31/10/201627/04/201710/05/2017DutchPDF
Abridged model31/10/201528/04/201619/05/2016DutchPDF
Full model31/10/201430/04/201528/05/2015DutchPDF
Full modelCorrection31/10/201328/03/201404/06/2014DutchPDF
Full model31/10/201328/03/201410/04/2014DutchPDF
Full model31/10/201224/04/201302/05/2013DutchPDF
Full model31/10/201126/04/201204/05/2012DutchPDF
Full model31/10/201005/05/201110/05/2011DutchPDF
Full model31/10/200902/06/201003/08/2010DutchPDF
Full model31/10/200831/03/201003/06/2010DutchPDF
Full model31/12/200727/08/200909/09/2009DutchPDF
Abridged model31/12/200620/06/200702/07/2007DutchPDF
Abridged model31/12/200526/05/200620/06/2006DutchPDF
Abridged model31/12/200426/05/200515/06/2005DutchPDF
Abridged model31/12/200327/05/200430/06/2004DutchPDF
Abridged model31/12/200229/05/200326/06/2003DutchPDF
Abridged model31/12/200130/05/200230/08/2002DutchPDF
Abridged model31/12/200031/05/200126/06/2001DutchPDF
Abridged model31/12/199925/05/200012/07/2000DutchPDF
Abridged model31/12/199827/05/199923/09/1999DutchPDF
Abridged model31/12/199726/05/199823/09/1998Dutch—
Abridged model31/12/199629/05/199718/07/1997Dutch—
Abridged model31/12/199530/05/199608/10/1996Dutch—
Abridged model31/12/199406/06/199523/06/1995Dutch—
Abridged model31/12/199306/06/199430/06/1994Dutch—
Abridged model31/12/199207/06/199329/06/1993Dutch—
Abridged model31/12/199129/05/199218/06/1992Dutch—
Abridged model31/12/199003/06/199126/06/1991Dutch—
Abridged model31/12/198931/05/199022/06/1990Dutch—
Abridged model31/12/198825/05/198906/06/1989Dutch—
Abridged model31/12/198726/05/198822/06/1988Dutch—
Abridged model31/12/198628/05/198724/06/1987Dutch—
Abridged model31/12/198529/05/198610/06/1986Dutch—
Abridged model31/12/198431/05/198528/06/1985English—
m901-p31/12/198325/05/198402/07/1984English—
m901-p31/12/198227/05/198308/07/1983English—
m901-p31/12/198128/05/198209/07/1982English—
m901-p31/12/198001/01/999908/07/1981English—
m902-p31/12/197901/01/999908/07/1980English—
m902-p31/12/197801/01/999916/07/1979English—
m902-p31/12/197701/01/999918/07/1978English—

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.

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 · 55 ended

Active mandates

Edwin Martens

Managing director · since 01 juillet 2025 · until 30 juin 2031

Active
Andreas Geens

Director · since 07 juin 2024 · until 07 juin 2030

Active
Angelique GEENS

Chairman of the board of directors · since 07 juin 2024 · until 07 juin 2030

Active

Ended mandates

Andreas GEENS

Director · since 05 juin 2020 · until 07 juin 2024

Ended
Angelique GEENS

Chairman of the board of directors · since 05 juin 2020 · until 07 juin 2024

Ended
Anne VAN CLEYNENBREUGEL

Director · since 01 septembre 2019 · until 31 mars 2021

Ended
Anne VAN CLEYNENBREUGEL

Director · since 01 septembre 2019 · until 31 août 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/07/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring16/08/2019
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates08/08/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring13/05/2019
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,3 M €↑
  2. 2024
    Annual accounts 2024951,7 k €↑
  3. 2023
    Annual accounts 2023918 k €↓
  4. 2022
    Annual accounts 20222,2 M €↑
  5. 2021
    Annual accounts 2021450 k €↑
  6. 2020
    Annual accounts 2020-5,3 k €↓
  7. 2019
    Annual accounts 20191 M €↑
  8. 2018
    Annual accounts 2018365,6 k €↑
  9. 2016
    Annual accounts 2016-737,4 k €↓
  10. 2015
    Annual accounts 2015765,2 k €↑
  11. 2014
    Annual accounts 2014312,6 k €↓
  12. 2013
    Annual accounts 20131,4 M €↑
  13. 2012
    Annual accounts 2012364,8 k €↑
  14. 2011
    Annual accounts 201191,7 k €↑
  15. 2010
    Annual accounts 2010-88,3 k €↓
  16. 2009
    Annual accounts 20092,8 k €↓
  17. 2008
    Annual accounts 20081,8 M €↑
  18. 2007
    Annual accounts 2007228,3 k €↑
  19. 2006
    Annual accounts 2006-105,8 k €
  20. 19/10/1972
    IncorporationPublic limited company