Société d'Etude de Participation et de Réalisation Immobilière
0416.627.470 · rovalta.com · 27/09/2026
ACTIVE
Société d'Etude de Participation et de Réalisation Immobilière
Financial year 2025 · Closed on 31/12/2025
Net result12,6 k €-69,1 %over 1 year
Gross margin35,6 k €-57,5 %over 1 year
Equity146 k €-87,9 %over 1 year
Overview
Identity
Source · BCE/KBOSociété d'Etude de Participation et de Réalisation Immobilière is a Public limited company incorporated in 1976. Its registered office is in Chaudfontaine.
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0416.627.470
- Incorporation
- 02/12/1976
- Legal form
- Public limited company
- Registered office
- Rue Albert et Louis Curvers 32
4053 Chaudfontaine · WallonieSee on map - Contributed capital
- 62 000,00 €
- Latest accounts
- 31/12/2025
Signals
ProfitablePositive cashflowPositive EBITDA
Financials
Source · NBB, 20 filingsTrend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Gross margin | 35,6 k € | -57.5% | 83,8 k € | +214% | 26,7 k € | -98.4% | 1,7 M € | +6566% | 25,1 k € |
| EBITDA | 26,1 k € | -64.7% | 74 k € | +339% | 16,9 k € | -99.0% | 1,7 M € | +9988% | 16,5 k € |
| Operating result | 14,7 k € | -76.0% | 61,2 k € | +2908% | 2 k € | -99.9% | 1,6 M € | +53529% | 3,1 k € |
| Net result | 12,6 k € | -69.1% | 40,6 k € | +2373% | 1,6 k € | -99.9% | 1,7 M € | +164150% | -1 k € |
| Balance sheet | |||||||||
| Equity | 146 k € | -87.9% | 1,2 M € | +3.5% | 1,2 M € | +0.1% | 1,2 M € | +337% | -490,6 k € |
| Total assets | 1,4 M € | +0.6% | 1,4 M € | +2.8% | 1,4 M € | -0.9% | 1,4 M € | +25.3% | 1,1 M € |
| Cash | 606,9 k € | +4.4% | 581,2 k € | +260% | 161,5 k € | -14.5% | 188,9 k € | +16.3% | 162,4 k € |
| Debts | 1,3 M € | +536% | 198,9 k € | -1.4% | 201,7 k € | -6.2% | 215,1 k € | +5.7% | 203,5 k € |
Valuation
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20253 active · 10 ended
Active mandates
| Director | Function | Mandate |
|---|---|---|
Emmanuel BOLAND | Managing director | 26/06/2023 → 07/05/2029 |
Cyrille Boland | Director | 27/01/2023 → 27/01/2029 |
Pascal ERPICUM | Director | 27/01/2023 → 27/01/2029 |
Ended mandates
| Director | Function | Mandate |
|---|---|---|
Emmanuel Boland | Director | 26/06/2023 → 07/05/2029 |
Patrick LEMAIRE | Director | 03/03/2018 → 10/06/2022 |
Emmanuel BOLAND | Director | 19/04/2017 → 02/05/2023 |
Emmanuel BOLAND | Director | since 19/04/2017 |
Financials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 07/07/2026 | 02/07/2025 | 21/05/2024 | 31/08/2023 | 03/11/2022 | 11/07/2022 |
| General meeting | 04/05/2026 | 19/05/2025 | 17/05/2024 | 26/06/2023 | 03/10/2022 | 10/06/2022 |
| 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 |
Financial ratios
Source · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 20 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 04/05/2026 | 07/07/2026 | French | |
| Micro model | 31/12/2024 | 19/05/2025 | 02/07/2025 | French | |
| Micro model | 31/12/2023 | 17/05/2024 | 21/05/2024 | French | |
| Micro model | 31/12/2022 | 26/06/2023 | 31/08/2023 | French | |
| Micro model | 31/12/2021 | 03/10/2022 | 03/11/2022 | French | |
| Micro model | 31/12/2020 | 10/06/2022 | 11/07/2022 | French | |
| Micro model | 31/12/2019 | 04/05/2020 | 30/11/2020 | French | |
| Micro model | 31/12/2018 | 06/05/2019 | 27/06/2019 | French | |
| Micro model | 31/12/2017 | 07/05/2018 | 23/08/2018 | French | |
| Micro model | 31/12/2016 | 02/05/2017 | 22/06/2017 | French | |
| Abridged model | 31/12/2015 | 06/05/2016 | 23/08/2016 | French | |
| Abridged model | 31/12/2014 | 04/05/2015 | 25/08/2015 | French | |
| Abridged model | 31/12/2013 | 05/05/2014 | 28/08/2014 | French | |
| Abridged model | 31/12/2012 | 06/05/2013 | 26/08/2013 | French | |
| Abridged model | 31/12/2011 | 07/05/2012 | 21/08/2012 | French | |
| Abridged model | 31/12/2010 | 02/05/2011 | 30/08/2011 | French | |
| Abridged model | 31/12/2009 | 30/06/2010 | 27/08/2010 | French | |
| Abridged model | 31/12/2008 | 30/06/2009 | 07/08/2009 | French | |
| Abridged model | 31/12/2007 | 07/05/2008 | 26/08/2008 | French | |
| Abridged model | 31/12/2006 | 07/05/2007 | 27/07/2007 | French |
Valuation
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.
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
Board of directors
Source · NBB, accounts to 31/12/20253 active · 10 ended
Active mandates
| Director | Function | Mandate |
|---|---|---|
Emmanuel BOLAND | Managing director | 26/06/2023 → 07/05/2029 |
Cyrille Boland | Director | 27/01/2023 → 27/01/2029 |
Pascal ERPICUM | Director | 27/01/2023 → 27/01/2029 |
Ended mandates
| Director | Function | Mandate |
|---|---|---|
Emmanuel Boland | Director | 26/06/2023 → 07/05/2029 |
Patrick LEMAIRE | Director | 03/03/2018 → 10/06/2022 |
Emmanuel BOLAND | Director | 19/04/2017 → 02/05/2023 |
Emmanuel BOLAND | Director | since 19/04/2017 |
Ownership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates16/04/2025DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates10/05/2024DEMISSIONS, NOMINATIONS
- Other22/12/2023DIVERS
- Mandates28/02/2023DEMISSIONS, NOMINATIONS
- Mandates08/11/2022SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates28/09/2022DEMISSIONS, NOMINATIONS
- Mandates13/04/2018SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Mandates13/06/2017DEMISSIONS, NOMINATIONS
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202512,6 k €↓
- 2024Annual accounts 202440,6 k €↑
- 2023Annual accounts 20231,6 k €↓
- 2023Name changeSEPRIM
- 2022Annual accounts 20221,7 M €↑
- 2021Annual accounts 2021-1 k €↓
- 2021Name changeSociété d'Etude de Participation et de Réalisation Immobilière (en abrégé Seprim)
- 2020Annual accounts 20207,6 k €↑
- 2019Annual accounts 2019-515,1 k €↓
- 2018Annual accounts 2018-25 k €↑
- 2017Annual accounts 2017-87,8 k €↓
- 2016Annual accounts 20162,7 k €↓
- 2015Annual accounts 20156 k €↓
- 2014Annual accounts 201410 k €↓
- 2013Annual accounts 201312,2 k €↑
- 2012Annual accounts 20128,1 k €↓
- 2011Annual accounts 201113,1 k €↓
- 2010Annual accounts 201024,9 k €↑
- 2009Annual accounts 20095,1 k €↑
- 2008Annual accounts 2008-3,3 k €↓
- 2007Annual accounts 200726 k €↑
- 2006Annual accounts 2006-7 k €
- 02/12/1976IncorporationPublic limited company
Registered offices
Source · NBB annual accounts, CBE| Registered address | Period | Source |
|---|---|---|
| Rue Albert et Louis Curvers 32, 4053 EmbourgCurrent | accounts 2022 → 2025 · CBE, tracked since 27/09/2026 | Accounts 2025 · 2026-00269075 |
| Allée des Platanes 8 bte C351, 4053 Embourg | accounts 2021 | Accounts 2021 · 2022-20515691 |
| Allée des Platanes 8/C351, 4053 Embourg | accounts 2020 | Accounts 2020 · 2022-20181366 |
Company names
Source · NBB annual accounts, CBE| Name | Period | Source |
|---|---|---|
| Société d'Etude de Participation et de Réalisation ImmobilièreCurrent | CBE, tracked since 27/09/2026 | CBE |
| SEPRIM | accounts 2023 → 2025 | Accounts 2025 · 2026-00269075 |
| Société d'Etude de Participation et de Réalisation Immobilière (en abrégé Seprim) | accounts 2021 → 2022 | Accounts 2022 · 2023-00397957 |
| Société d'Etude de Participation et de Réalisation Immobilière | accounts 2006 → 2020 | Accounts 2020 · 2022-20181366 |
Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.