ACTIVE

Realest

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Financial year 2025 · closed on 31/12/2025

Net result

-521,7 k €

+4.9% YoY

Gross margin

34,6 k €

+316.2% YoY

Equity

1,5 M €

-26.2% YoY

What does Realest do?

Realest is a Public limited company incorporated in 1973. Its main activity is: Development of building projects. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.921.377

Incorporation

29/01/1973

Legal form

Public limited company

Registered office

Prins Karellaan 50
8300 Knokke-Heist · FlandreSee on map

Contributed capital

3 650 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 01300Plant propagation 01500Mixed farming 01500Mixed farming

Joint committees (1)

Signals

Good liquidity

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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	34,6 k €	+316%	8,3 k €	+112%	-70,8 k €	-104%	1,8 M €	+19419%	9,2 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-17,8 k €	+65.8%	-52,1 k €	+62.8%	-140 k €	-108%	1,7 M €	+10654%	-16,5 k €	-125%	66,2 k €	+181%	-81,4 k €	-119%	428,7 k €	-25.5%	575,5 k €	+75.7%	327,5 k €	+4.4%	313,5 k €	+1558%	18,9 k €	+118%	-105,4 k €	-194%	111,7 k €	+319%	-51,1 k €	-204%	-16,8 k €	-125%	66,9 k €	+26.4%	53 k €	-46.8%	99,6 k €	+16.2%	85,7 k €
Operating result	-210,6 k €	+24.7%	-279,7 k €	-19.6%	-233,9 k €	-118%	1,3 M €	+1285%	-107,9 k €	-92.4%	-56,1 k €	+81.4%	-301,1 k €	-262%	185,6 k €	-44.4%	333,6 k €	+289%	85,7 k €	+19.7%	71,6 k €	+130%	-236,3 k €	+37.8%	-379,9 k €	-133%	-162,9 k €	+48.7%	-317,7 k €	-28.4%	-247,4 k €	-402%	-49,3 k €	-158%	-19,1 k €	-137%	51,9 k €	+188%	-58,8 k €
Net result	-521,7 k €	+4.9%	-548,6 k €	-9.8%	-499,6 k €	-163%	790 k €	+9357%	8,4 k €	+103%	-277,3 k €	+36.3%	-435,2 k €	-392%	149 k €	-44.9%	270,6 k €	+53882%	501,3 €	+139%	-1,3 k €	+99.6%	-325,3 k €	-264%	198 k €	+174%	-269,1 k €	+36.1%	-420,9 k €	-29.4%	-325,3 k €	-209%	-105,3 k €	+83.7%	-644,9 k €	-31.6%	-489,9 k €	-533%	113,1 k €
Balance sheet
Equity	1,5 M €	-26.2%	2 M €	-21.6%	2,5 M €	-16.4%	3 M €	+35.2%	2,2 M €	+0.4%	2,2 M €	-11.0%	2,5 M €	-14.7%	3 M €	+5.3%	2,8 M €	+10.7%	2,5 M €	+0.0%	2,5 M €	-0.1%	2,5 M €	-11.4%	2,9 M €	+7.4%	2,7 M €	-9.2%	2,9 M €	-12.6%	3,3 M €	-8.9%	3,7 M €	-2.8%	3,8 M €	-14.6%	4,4 M €	-10.0%	4,9 M €
Total assets	8,7 M €	-1.0%	8,8 M €	-2.1%	9 M €	+5.2%	8,5 M €	+138%	3,6 M €	+3.6%	3,5 M €	-2.0%	3,5 M €	-25.5%	4,7 M €	+0.0%	4,7 M €	-28.1%	6,6 M €	-6.8%	7,1 M €	-5.3%	7,4 M €	+13.3%	6,6 M €	-4.6%	6,9 M €	-5.5%	7,3 M €	+0.7%	7,2 M €	+2.3%	7,1 M €	+35.7%	5,2 M €	+13.0%	4,6 M €	-8.1%	5 M €
Cash	10,5 k €	-59.0%	25,7 k €	-57.3%	60,1 k €	+482%	10,3 k €	-89.4%	97,2 k €	+1091%	8,2 k €	-95.9%	198 k €	-81.3%	1,1 M €	+813%	116,2 k €	+606%	16,5 k €	-84.3%	105,1 k €	-61.0%	269,1 k €	+86.7%	144,2 k €	-58.8%	349,6 k €	+106%	169,5 k €	+1628%	9,8 k €	-94.3%	172,5 k €	+114%	80,7 k €	-20.0%	100,8 k €	+1679%	5,7 k €
Debts	7,2 M €	+6.4%	6,8 M €	+5.7%	6,4 M €	+17.2%	5,5 M €	+312%	1,3 M €	+11.9%	1,2 M €	+21.9%	973,4 k €	-44.3%	1,7 M €	-8.0%	1,9 M €	-52.7%	4 M €	-10.5%	4,5 M €	-8.1%	4,9 M €	+32.5%	3,7 M €	-12.3%	4,2 M €	-3.1%	4,3 M €	+12.3%	3,9 M €	+15.1%	3,4 M €	+144%	1,4 M €	+961%	129,5 k €	+1413%	8,6 k €
Other
Workforce	–		–		–		–		–		–		–		0,7 ETP	-12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 29 ended

Active mandates

SOVANEST

Director · since 21 mars 2023 · until 30 mai 2029 · 0736.986.697

Represented by Sophia Vanwynsberghe

Active

Ended mandates

SOVANEST

Director · since 21 mars 2023 · until 30 mai 2029 · 0736.986.697

Represented by Sophia Vanwynswberghe

Ended

VW MANAGEMENT

Gedeleerd bestuurder · since 31 décembre 2019 · until 21 mars 2023 · 0736.901.179

Represented by Sophia VANWYNSBERGHE

Ended

VW MANAGEMENT

Managing director · since 31 décembre 2019 · until 28 mai 2025 · 0736.901.179

Represented by Sophia VANWYNSBERGHE

Ended

SVW MANAGEMENT BV

Managing director · since 29 mai 2019 · until 31 décembre 2019 · 0890.780.395

Represented by Sophia VANWYNSBERGHE

Ended

At this address

Other companies at this address

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Fieldstone● Active	0773.994.573
MANNEBEEK● Active	1018.297.090
private stichting Luna● Active	0758.949.279
private stichting PK50● Active	0758.965.711
Scorpio● Active	0762.427.819
Stella● Active	0761.920.746
VW MANAGEMENT● Active	0736.901.179
YOLA IMMO● Active	0736.985.313
YOLA INVEST● Active	0736.983.531

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	20/05/2026	20/06/2025	22/07/2024	14/06/2023	15/06/2022	15/07/2021
General meeting	30/04/2026	28/05/2025	28/06/2024	31/05/2023	25/05/2022	22/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/04/2026	20/05/2026	Dutch	PDF
Abridged model	31/12/2024	28/05/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	22/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	14/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	15/06/2022	Dutch	PDF
Full model	31/12/2020	22/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	08/09/2020	06/10/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	19/06/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	02/07/2018	Dutch	PDF
Full model	31/12/2016	28/06/2017	28/06/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	23/06/2015	Dutch	PDF
Full modelCorrection	31/12/2013	28/05/2014	21/05/2015	Dutch	PDF
Full model	31/12/2013	28/05/2014	07/07/2014	Dutch	PDF
Full model	31/12/2012	29/05/2013	24/06/2013	Dutch	PDF
Full model	31/12/2011	30/05/2012	06/06/2012	Dutch	PDF
Full model	31/12/2010	25/05/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	26/05/2010	17/06/2010	Dutch	PDF
Full model	31/12/2008	27/05/2009	12/06/2009	Dutch	PDF
Full model	31/12/2007	28/05/2008	02/06/2008	Dutch	PDF
Full model	31/12/2006	27/05/2007	08/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 29 ended

Active mandates

SOVANEST

Director · since 21 mars 2023 · until 30 mai 2029 · 0736.986.697

Represented by Sophia Vanwynsberghe

Active

Ended mandates

SOVANEST

Director · since 21 mars 2023 · until 30 mai 2029 · 0736.986.697

Represented by Sophia Vanwynswberghe

Ended

VW MANAGEMENT

Gedeleerd bestuurder · since 31 décembre 2019 · until 21 mars 2023 · 0736.901.179

Represented by Sophia VANWYNSBERGHE

Ended

VW MANAGEMENT

Managing director · since 31 décembre 2019 · until 28 mai 2025 · 0736.901.179

Represented by Sophia VANWYNSBERGHE

Ended

SVW MANAGEMENT BV

Managing director · since 29 mai 2019 · until 31 décembre 2019 · 0890.780.395

Represented by Sophia VANWYNSBERGHE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/03/2020
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2018
ONTSLAGEN - BENOEMINGEN
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 2025-521,7 k €↑
2024
Annual accounts 2024-548,6 k €↓
2023
Annual accounts 2023-499,6 k €↓
2022
Annual accounts 2022790 k €↑
2021
Annual accounts 20218,4 k €↑
2020
Annual accounts 2020-277,3 k €↑
2019
Annual accounts 2019-435,2 k €↓
2018
Annual accounts 2018149 k €↓
2017
Annual accounts 2017270,6 k €↑
2016
Annual accounts 2016501,3 €↑
2015
Annual accounts 2015-1,3 k €↑
2014
Annual accounts 2014-325,3 k €↓
2013
Annual accounts 2013198 k €↑
2012
Annual accounts 2012-269,1 k €↑
2011
Annual accounts 2011-420,9 k €↓
2010
Annual accounts 2010-325,3 k €↓
2009
Annual accounts 2009-105,3 k €↑
2008
Annual accounts 2008-644,9 k €↓
2007
Annual accounts 2007-489,9 k €↓
2006
Annual accounts 2006113,1 k €
29/01/1973
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

Realest

Overview

What does Realest 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

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