ACTIVE

IMMO - 47

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Financial year 2025 · Closed on 31/12/2025

Net result245 k €+853,1 %over 1 year

Gross margin427,6 k €+3,2 %over 1 year

Equity3,6 M €+7,3 %over 1 year

Workforce2,0 ETP-4,8 %over 1 year

Identity

Source · BCE/KBO

IMMO - 47 is a Public limited company incorporated in 1978. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Lokeren. It employs on average 2,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0417.908.662
Incorporation: 07/01/1978
Legal form: Public limited company
Registered office: Gentse Steenweg 136
9160 Lokeren · FlandreSee on map
Contributed capital: 1 710 156,68 €
Latest accounts: 31/12/2025
Average workforce: 2,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 02020Forestry and logging 02400Support services to forestry 02400Support services to forestry

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	427,6 k €	+3.2%	414,5 k €	-36.0%	648 k €	-69.5%	2,1 M €	+113%	999 k €
EBITDA	282,3 k €	-1.6%	287 k €	-43.3%	506,5 k €	-74.1%	2 M €	+168%	729,9 k €
Operating result	162,7 k €	+12.0%	145,3 k €	-26.0%	196,4 k €	-87.8%	1,6 M €	+252%	457,9 k €
Net result	245 k €	+853%	25,7 k €	+119%	-135,9 k €	-116%	849,7 k €	+1438%	-63,5 k €
Balance sheet
Equity	3,6 M €	+7.3%	3,3 M €	-6.2%	3,6 M €	-3.7%	3,7 M €	+29.8%	2,9 M €
Total assets	8,8 M €	+3.5%	8,5 M €	-7.0%	9,2 M €	-6.8%	9,8 M €	+2.4%	9,6 M €
Cash	61,6 k €	+33.5%	46,1 k €	+46.3%	31,5 k €	-11.8%	35,7 k €	-61.8%	93,7 k €
Debts	4,8 M €	-0.2%	4,8 M €	-8.1%	5,2 M €	-9.3%	5,7 M €	-14.5%	6,7 M €
Other
Workforce	2,0 ETP	-4.8%	2,1 ETP	0.0%	2,1 ETP	-30.0%	3,0 ETP	-9.1%	3,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cédric Engels	Director16/06/2008 → 03/09/2026Mandate21/04/2014 → 2016 accountsended
Christophe Engels	Managing director19/05/2005 → 03/09/2026Mandate21/04/2014 → 2021 accountsended
ENGELS B&E0865.882.673Represented by Didier Engels	Managing director19/05/2005 → 03/09/2026Mandate21/04/2014 → 2015 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hilde De Saert	Managing director16/06/2008 → 2013 accounts

Other companies at this address

Gentse Steenweg 136 9160 Lokeren

Company	CBE no.
DM● Active	0439.456.124
ENGELS● Active	0882.990.604
ENGELS B&E● Active	0865.882.673
ENGELS GROEP● Active	0525.861.447
ENGELS WOOD FACTORY● Active	0417.433.857
EOS● Active	0890.974.692
EWG● Active	0779.443.597
Peppy● Active	0639.880.096
SDW Windows● Active	0763.677.832

Full financial information

Source · NBB

	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	07/09/2026	09/10/2025	04/09/2024	31/10/2023	07/09/2022	14/07/2021
General meeting	03/09/2026	30/09/2025	23/08/2024	28/09/2023	05/09/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	03/09/2026	07/09/2026	Dutch	PDF
Abridged model	31/12/2024	30/09/2025	09/10/2025	Dutch	PDF
Abridged model	31/12/2023	23/08/2024	04/09/2024	Dutch	PDF
Abridged model	31/12/2022	28/09/2023	31/10/2023	Dutch	PDF
Abridged model	31/12/2021	05/09/2022	07/09/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	14/07/2021	Dutch	PDF
Abridged model	31/12/2019	14/07/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	05/09/2019	13/09/2019	Dutch	PDF
Abridged model	31/12/2017	12/09/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	25/09/2017	28/09/2017	Dutch	PDF
Abridged model	31/12/2015	23/09/2016	05/10/2016	Dutch	PDF
Abridged model	31/12/2014	15/09/2015	28/09/2015	Dutch	PDF
Abridged model	31/12/2013	15/09/2014	10/10/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	25/07/2013	29/01/2014	Dutch	PDF
Abridged modelCorrection	31/12/2012	25/07/2013	17/09/2013	Dutch	PDF
Abridged model	31/12/2012	25/07/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	23/07/2012	08/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	27/07/2011	Dutch	PDF
Abridged model	31/12/2009	22/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/05/2009	Dutch	PDF
Abridged model	31/12/2007	29/04/2008	28/05/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	14/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cédric Engels	Director16/06/2008 → 03/09/2026Mandate21/04/2014 → 2016 accountsended
Christophe Engels	Managing director19/05/2005 → 03/09/2026Mandate21/04/2014 → 2021 accountsended
ENGELS B&E0865.882.673Represented by Didier Engels	Managing director19/05/2005 → 03/09/2026Mandate21/04/2014 → 2015 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Hilde De Saert	Managing director16/06/2008 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring12/12/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/10/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring22/06/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates02/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/07/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring09/05/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/12/2014
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings18 filings

Mandates

Cédric Engels

ENGELS B&E

Christophe Engels

Hilde De Saert

1978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

IMMO - 47

Gentse Steenweg 136, 9160 Lokeren

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Gentse Steenweg 136, 9160 LokerenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00510611

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IMMO - 47Current	accounts 2021 → 2025	Accounts 2025 · 2026-00510611

Events

2025
Annual accounts 2025245 k €↑
2024
Annual accounts 202425,7 k €↑
2023
Annual accounts 2023-135,9 k €↓
2022
Annual accounts 2022849,7 k €↑
2021
Annual accounts 2021-63,5 k €↓
2020
Annual accounts 2020179,8 k €↑
2019
Annual accounts 201910,2 k €↓
2018
Annual accounts 201886,7 k €↑
2017
Annual accounts 201720,2 k €↑
2016
Annual accounts 2016-2,3 M €↓
2015
Annual accounts 2015-109,3 k €↓
2014
Annual accounts 2014-87,9 k €↑
2013
Annual accounts 2013-186,4 k €↓
2012
Annual accounts 2012-1 k €↑
2011
Annual accounts 2011-53,1 k €↓
2010
Annual accounts 2010-46,9 k €↑
2009
Annual accounts 2009-87,3 k €↓
2008
Annual accounts 2008-26,1 k €
07/01/1978
IncorporationPublic limited company

IMMO - 47

Overview

Identity

Financials

Valuation

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

Timeline

Timeline

Registered offices

Company names

Events