ACTIVE

Waterhoen Estate

Financial year 2025 · Closed on 30/12/2025

Net result-43 k €-136,9 %over 1 year

Gross margin-5,2 k €-103,3 %over 1 year

Equity7,8 M €+603,9 %over 1 year

Identity

Source · BCE/KBO

Waterhoen Estate is a Private limited company incorporated in 1977. Its main activity is: Activities of holding companies. Its registered office is in Knokke-Heist.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0418.134.435
Incorporation: 20/12/1977
Legal form: Private limited company
Registered office: Tulpenlaan 5
8300 Knokke-Heist · FlandreSee on map
Contributed capital: 888 809,76 €
Latest accounts: 30/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

Solid equityLow riskGood liquidity

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-5,2 k €	-103%	159,7 k €	+221%	49,8 k €	-83.9%	309,9 k €	+187%	108,1 k €
EBITDA	-11,6 k €	-108%	152,7 k €	+254%	43,2 k €	-85.2%	292,4 k €	+226%	89,7 k €
Operating result	-41,1 k €	-132%	129 k €	+389%	26,4 k €	-90.3%	272,9 k €	+288%	70,2 k €
Net result	-43 k €	-137%	116,5 k €	+152%	46,2 k €	-83.8%	284,8 k €	+428%	54 k €
Balance sheet
Equity	7,8 M €	+604%	1,1 M €	+11.7%	995,6 k €	-26.2%	1,3 M €	+26.8%	1,1 M €
Total assets	7,9 M €	+595%	1,1 M €	+13.1%	1 M €	-25.7%	1,4 M €	+26.2%	1,1 M €
Cash	1,1 k €	-95.4%	23 k €	+102%	11,4 k €	-76.9%	49,2 k €	-71.4%	172,1 k €
Debts	59,9 k €	+160%	23 k €	+191%	7,9 k €	+1329%	554 €	-88.9%	5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 30/12/2025

2 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Louis Van Hoorebeke	Director
Stephanie Huysman	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Patrick Hermans	Director10/12/2020 → 2021 accounts
Frans Baert	Director05/06/2017 → 2021 accounts
Sylvie Baert	Director05/06/2017 → 2021 accounts
Tony Baert-Martens	Director05/06/2017 → 2021 accounts

Other companies at this address

Tulpenlaan 5 8300 Knokke-Heist

Company	CBE no.
Huysman Architects● Active	0787.592.488
Immo Maré● Active	1000.762.856
LVH INVEST● Active	0673.797.731

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	31/12/2024	31/12/2023	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	13 months	13 months	12 months	12 months	12 months	12 months
Filing date	30/03/2026	28/03/2025	13/03/2024	03/07/2023	21/06/2022	05/07/2021
General meeting	11/03/2026	27/02/2025	01/03/2024	05/06/2023	07/06/2022	07/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/12/2025	11/03/2026	30/03/2026	Dutch	PDF
Abridged model	30/12/2024	27/02/2025	28/03/2025	Dutch	PDF
Abridged model	30/12/2023	01/03/2024	13/03/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	03/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	21/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	25/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	03/07/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	16/07/2018	Dutch	PDF
Abridged model	31/12/2016	05/06/2017	07/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	12/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	13/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/12/2025

2 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Louis Van Hoorebeke	Director
Stephanie Huysman	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Patrick Hermans	Director10/12/2020 → 2021 accounts
Frans Baert	Director05/06/2017 → 2021 accounts
Sylvie Baert	Director05/06/2017 → 2021 accounts
Tony Baert-Martens	Director05/06/2017 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates20/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates26/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/02/2013
KAPITAAL - AANDELEN
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

Filings20 filings

Mandates

Louis Van Hoorebeke

Stephanie Huysman

Patrick Hermans

Frans Baert

Sylvie Baert

Tony Baert-Martens

Sylvie Copes-Baert

Peter Baert

Jan Baert

19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Waterhoen EstateImmo Concentra

Tulpenlaan 5, 8300 Knokke-Heist

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Tulpenlaan 5, 8300 Knokke-HeistCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00066301

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Waterhoen EstateCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00066301
Immo Concentra	accounts 2021 → 2022	Accounts 2022 · 2023-00191713

Events

2025
Annual accounts 2025-43 k €↓
2024
Annual accounts 2024116,5 k €↑
2023
Annual accounts 202346,2 k €↓
2023
Name changeWaterhoen Estate
2022
Annual accounts 2022284,8 k €↑
2021
Annual accounts 202154 k €↓
2020
Annual accounts 2020286,6 k €↑
2019
Annual accounts 201966,3 k €↑
2018
Annual accounts 20185,8 k €↓
2017
Annual accounts 201714,8 k €↑
2016
Annual accounts 2016-3,8 k €↑
2015
Annual accounts 2015-7,3 k €↓
2014
Annual accounts 20144,5 k €↑
2013
Annual accounts 20133,1 k €↓
2012
Annual accounts 2012105,8 k €↑
2011
Annual accounts 2011-38,9 k €↓
2010
Annual accounts 2010-28,8 k €↑
2009
Annual accounts 2009-29,8 k €↓
2008
Annual accounts 2008-26,4 k €↑
2007
Annual accounts 2007-27,2 k €↓
2006
Annual accounts 2006-15,1 k €
20/12/1977
IncorporationPrivate limited company

Waterhoen Estate

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