ACTIVE

CBRE Investment Management Belgium

Financial year 2025 · Closed on 31/12/2025

Net result1,4 M €+162,2 %over 1 year
Revenue4,2 M €+2,6 %over 1 year
Equity10,9 M €+14,8 %over 1 year
Workforce5,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

CBRE Investment Management Belgium is a Public limited company incorporated in 1973. Its main activity is: Development of building projects. Its registered office is in Etterbeek. It employs on average 5,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0413.280.772
Incorporation
15/05/1973
Legal form
Public limited company
Registered office
Rue Belliard 40 box 6
1040 Etterbeek · BruxellesSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
5,0 ETP
Joint committees (3)
  • 200
  • 2000
  • 218
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue4,2 M €4,1 M €4,3 M €4,3 M €4,4 M €
EBITDA1,8 M €478,4 k €896,4 k €744,5 k €1,3 M €
Operating result1,7 M €419,4 k €834 k €680,8 k €1,3 M €
Net result1,4 M €534,1 k €818,7 k €504,6 k €937,3 k €
Balance sheet
Equity10,9 M €9,5 M €9 M €8,1 M €7,6 M €
Total assets11,8 M €10,8 M €9,6 M €9,5 M €9 M €
Cash9,5 M €9,3 M €8,9 M €7,7 M €6,8 M €
Debts895,1 k €1,3 M €690,9 k €1,3 M €1,3 M €
Other
Workforce5,0 ETP5,0 ETP7,8 ETP7,5 ETP7,8 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

2 active · 26 ended

Active mandates

ARDEF

Director · since 31 mars 2025 · until 11 juin 2030 · 0786.522.322

Represented by Arthur DE FOUR

Active
Wail Kodoud

Managing director · since 12 mars 2024 · until 11 juin 2030

Active

Ended mandates

Wail Kodoud

Director · since 12 mars 2024 · until 11 juin 2030

Ended
Caroline Brams

Managing director · since 29 juin 2022 · until 31 mai 2024

Ended
Caroline Brams

Managing director · since 29 juin 2022 · until 13 juin 2028

Ended
Piet Van Poppel

Managing director · since 29 juin 2021 · until 08 juin 2027 · 0846.196.821

Represented by Piet VAN POPPEL

Ended

Other companies at this address

Rue Belliard 40 1040 Etterbeek
CompanyCBE no.
AECC● Active
0541.243.964
AED GVBF 1● Active
1003.556.060
AED GVBF 10● Active
1003.554.971
AED GVBF 2● Active
1003.556.654
AED GVBF 3● Active
1003.557.347
AED GVBF 4● Active
1003.557.644
AED GVBF 5● Active
1003.552.201
AED GVBF 6● Active
1003.553.090
AED GVBF 7● Active
1003.553.684
AED GVBF 8● Active
1003.554.377
AED GVBF 9● Active
1003.554.674
AEDIFICA● Active
0877.248.501
AEDIFICA INVEST● Active
0879.109.317
0800.817.746
0768.619.684
0424.052.821
0725.846.941
ASD-STAN● Active
0866.465.960
A.SPIRE● Active
0848.414.953
0408.290.816

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date12/06/202619/06/202528/06/202403/07/202313/07/202201/07/2021
General meeting09/06/202612/06/202511/06/202413/06/202329/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202509/06/202612/06/2026FrenchPDF
Full model31/12/202412/06/202519/06/2025FrenchPDF
Full model31/12/202311/06/202428/06/2024FrenchPDF
Full model31/12/202213/06/202303/07/2023FrenchPDF
Full model31/12/202129/06/202213/07/2022FrenchPDF
Full model31/12/202029/06/202101/07/2021FrenchPDF
Full model31/12/201909/06/202016/06/2020FrenchPDF
Full model31/12/201811/06/201912/06/2019FrenchPDF
Full model31/12/201712/06/201803/08/2018FrenchPDF
Abridged model31/12/201613/06/201720/06/2017FrenchPDF
Full model31/12/201514/06/201607/07/2016FrenchPDF
Full model31/12/201409/06/201506/08/2015FrenchPDF
Full model31/12/201310/06/201405/08/2014FrenchPDF
Full model31/12/201211/06/201305/07/2013FrenchPDF
Full model31/12/201112/06/201209/07/2012FrenchPDF
Full modelCorrection31/12/201014/06/201106/07/2011FrenchPDF
Full model31/12/201014/06/201122/06/2011FrenchPDF
Full model31/12/200908/06/201014/07/2010FrenchPDF
Full model31/12/200809/06/200924/06/2009FrenchPDF
Full model31/12/200710/06/200810/07/2008FrenchPDF
Full model31/12/200612/06/200717/08/2007FrenchPDF

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

2 active · 26 ended

Active mandates

ARDEF

Director · since 31 mars 2025 · until 11 juin 2030 · 0786.522.322

Represented by Arthur DE FOUR

Active
Wail Kodoud

Managing director · since 12 mars 2024 · until 11 juin 2030

Active

Ended mandates

Wail Kodoud

Director · since 12 mars 2024 · until 11 juin 2030

Ended
Caroline Brams

Managing director · since 29 juin 2022 · until 31 mai 2024

Ended
Caroline Brams

Managing director · since 29 juin 2022 · until 13 juin 2028

Ended
Piet Van Poppel

Managing director · since 29 juin 2021 · until 08 juin 2027 · 0846.196.821

Represented by Piet VAN POPPEL

Ended

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates02/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/10/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - OBJET
    PDF
  • Mandates09/06/2021
    DEMISSIONS, NOMINATIONS
    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 20251,4 M €↑
  2. 2024
    Annual accounts 2024534,1 k €↓
  3. 2023
    Annual accounts 2023818,7 k €↑
  4. 2022
    Annual accounts 2022504,6 k €↓
  5. 2021
    Annual accounts 2021937,3 k €↑
  6. 2020
    Annual accounts 2020928,7 k €↑
  7. 2019
    Annual accounts 2019481,3 k €↓
  8. 2018
    Annual accounts 2018939,4 k €↑
  9. 2017
    Annual accounts 2017716,9 k €↑
  10. 2016
    Annual accounts 2016-214,1 k €↓
  11. 2015
    Annual accounts 20151,4 M €↓
  12. 2013
    Annual accounts 20132 M €↑
  13. 2012
    Annual accounts 20121,5 M €↓
  14. 2011
    Annual accounts 20112,4 M €↑
  15. 2010
    Annual accounts 20101,7 M €↓
  16. 2009
    Annual accounts 20092,4 M €↓
  17. 2008
    Annual accounts 20083,2 M €↑
  18. 2007
    Annual accounts 20072,4 M €↑
  19. 2006
    Annual accounts 2006859 k €
  20. 15/05/1973
    IncorporationPublic limited company