ACTIVE

REAL RETAIL

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Financial year 2025 · closed on 31/12/2025

Net result

-12,7 k €

-111.2% YoY

Gross margin

17,4 k €

-93.8% YoY

Equity

16,8 M €

-0.1% YoY

Workforce

0,8 ETP

-88.4% YoY

What does REAL RETAIL do?

REAL RETAIL is a Private limited company incorporated in 1979. Its registered office is in Veurne. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.136.296

Incorporation

01/12/1979

Legal form

Private limited company

Registered office

Monnikshoekstraat 21
8630 Veurne · FlandreSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Average workforce

0,8 ETP

Joint committees (6)

119
11901
201
20102
302
3020

Signals

Solid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	17,4 k €	-93.8%	281,5 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-263,4 k €	-199%	-88,2 k €	-162%	143,4 k €	-27.5%	197,8 k €	-76.5%	843,6 k €	-73.7%	3,2 M €	-12.0%	3,6 M €	-24.5%	4,8 M €	+36.0%	3,6 M €	+71.5%	2,1 M €	-20.4%	2,6 M €	-0.6%	2,6 M €	+38.6%	1,9 M €	+480%	325,9 k €	-64.6%	920,8 k €	-30.9%	1,3 M €	+42.7%	933,3 k €
Operating result	-397,1 k €	-69.2%	-234,7 k €	-500%	-39,1 k €	-314%	-9,4 k €	-102%	591,8 k €	-79.8%	2,9 M €	-14.7%	3,4 M €	-26.3%	4,7 M €	+37.8%	3,4 M €	+72.9%	2 M €	-22.3%	2,5 M €	-2.2%	2,6 M €	+43.0%	1,8 M €	+762%	208,8 k €	-74.9%	833,2 k €	-28.8%	1,2 M €	+44.6%	808,5 k €
Net result	-12,7 k €	-111%	113,6 k €	-17.7%	138 k €	+900%	13,8 k €	-92.9%	193,6 k €	-92.3%	2,5 M €	-16.7%	3 M €	-31.7%	4,4 M €	+103%	2,2 M €	+70.3%	1,3 M €	-22.8%	1,7 M €	-3.4%	1,7 M €	+37.0%	1,2 M €	+401%	249,3 k €	-53.1%	531,1 k €	+83.1%	290,1 k €	-44.5%	522,9 k €
Balance sheet
Equity	16,8 M €	-0.1%	16,8 M €	-14.7%	19,7 M €	-4.7%	20,6 M €	-12.6%	23,6 M €	+15.7%	20,4 M €	+14.0%	17,9 M €	+20.2%	14,9 M €	+42.0%	10,5 M €	+12.6%	9,3 M €	+15.8%	8 M €	+25.8%	6,4 M €	+30.2%	4,9 M €	+32.0%	3,7 M €	+5.5%	3,5 M €	+15.6%	3,1 M €	+10.5%	2,8 M €
Total assets	17,1 M €	-16.9%	20,6 M €	-5.1%	21,7 M €	-12.0%	24,6 M €	-25.7%	33,1 M €	-34.9%	50,9 M €	+14.4%	44,5 M €	+101%	22,1 M €	-2.7%	22,7 M €	+44.9%	15,7 M €	+24.7%	12,6 M €	-4.3%	13,1 M €	+91.6%	6,9 M €	+22.3%	5,6 M €	+13.3%	5 M €	-59.0%	12,1 M €	+121%	5,5 M €
Cash	455,1 k €	-42.0%	785,2 k €	-83.7%	4,8 M €	-18.5%	5,9 M €	-7.8%	6,4 M €	+975%	594,7 k €	-52.1%	1,2 M €	-9.6%	1,4 M €	-48.5%	2,7 M €	+16.0%	2,3 M €	+14.6%	2 M €	+135%	853,1 k €	-37.9%	1,4 M €	+273%	368,6 k €	-64.7%	1 M €	+11.7%	934,7 k €	+29.6%	721 k €
Debts	272,8 k €	-92.7%	3,7 M €	+91.1%	2 M €	-50.6%	3,9 M €	-58.3%	9,5 M €	-68.8%	30,3 M €	+14.4%	26,5 M €	+269%	7,2 M €	-41.1%	12,2 M €	+92.5%	6,3 M €	+40.6%	4,5 M €	-33.0%	6,7 M €	+250%	1,9 M €	+2.7%	1,9 M €	+33.8%	1,4 M €	-84.4%	9 M €	+237%	2,7 M €
Other
Workforce	0,8 ETP	-88.4%	6,9 ETP	-36.7%	10,9 ETP	-10.7%	12,2 ETP	-12.2%	13,9 ETP	-37.4%	22,2 ETP	+12.1%	19,8 ETP	-2.0%	20,2 ETP	+29.5%	15,6 ETP	+9.9%	14,2 ETP	+17.4%	12,1 ETP	+4.3%	11,6 ETP	-56.9%	26,9 ETP	+22.3%	22,0 ETP	+10.0%	20,0 ETP	+8.7%	18,4 ETP	-13.2%	21,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

REAL UNITED

Director · since 01 mars 2017 · 0474.278.431

Represented by VANDENDRIES KLAAS

Active

Ended mandates

REAL UNITED

Manager · since 01 mars 2017 · 0474.278.431

Represented by Klaas Vandendries

Ended

REAL UNITED

Manager · since 01 mars 2017 · 0474.278.431

Represented by VANDENDRIES KLAAS

Ended

Ellen Vandendries

Manager · since 25 février 2008 · until 02 mai 2009

Ended

Luc Vandendries

Manager · since 21 avril 2001

Ended

At this address

Other companies at this address

Company	CBE no.
Lea Projects● Active	0694.911.166
Real Industry● Active	0694.720.235
REAL INTERIM● Active	0807.817.384
REAL PROPERTY● Active	0668.938.130
REAL SOLUTIONS● Active	1024.485.888
REAL TRADE● Active	0629.905.924
REAL UNITED● Active	0474.278.431

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Full model	Full model	Full 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	03/07/2026	24/07/2025	17/07/2024	19/07/2023	13/07/2022	02/08/2021
General meeting	30/06/2026	30/06/2025	25/06/2024	29/06/2023	29/06/2022	07/07/2021
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	30/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Full model	31/12/2023	25/06/2024	17/07/2024	Dutch	PDF
Full model	31/12/2022	29/06/2023	19/07/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	13/07/2022	Dutch	PDF
Full model	31/12/2020	07/07/2021	02/08/2021	Dutch	PDF
Full model	31/12/2019	27/07/2020	11/08/2020	Dutch	PDF
Full modelCorrection	31/12/2018	29/07/2019	18/12/2019	Dutch	PDF
Full model	31/12/2018	29/07/2019	01/08/2019	Dutch	PDF
Full model	31/12/2017	27/07/2018	30/07/2018	Dutch	PDF
Full model	31/12/2016	26/09/2017	29/09/2017	Dutch	PDF
Full model	31/12/2015	23/08/2016	29/08/2016	Dutch	PDF
Full model	31/12/2014	13/08/2015	21/08/2015	Dutch	PDF
Full model	31/12/2013	22/08/2014	25/08/2014	Dutch	PDF
Full model	31/12/2012	29/08/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	04/05/2012	20/07/2012	Dutch	PDF
Full model	31/12/2010	06/05/2011	25/08/2011	Dutch	PDF
Full model	31/12/2009	07/05/2010	21/06/2010	Dutch	PDF
Full model	31/12/2008	04/05/2009	06/07/2009	Dutch	PDF
Full model	31/12/2007	02/05/2008	27/05/2008	Dutch	PDF
Full model	31/12/2006	04/05/2007	05/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

REAL UNITED

Director · since 01 mars 2017 · 0474.278.431

Represented by VANDENDRIES KLAAS

Active

Ended mandates

REAL UNITED

Manager · since 01 mars 2017 · 0474.278.431

Represented by Klaas Vandendries

Ended

REAL UNITED

Manager · since 01 mars 2017 · 0474.278.431

Represented by VANDENDRIES KLAAS

Ended

Ellen Vandendries

Manager · since 25 février 2008 · until 02 mai 2009

Ended

Luc Vandendries

Manager · since 21 avril 2001

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/02/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/06/2016
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 2025-12,7 k €↓
2024
Annual accounts 2024113,6 k €↓
2023
Annual accounts 2023138 k €↑
2023
Name changeREAL RETAIL
2022
Annual accounts 202213,8 k €↓
2021
Annual accounts 2021193,6 k €↓
2017
Annual accounts 20172,5 M €↓
2016
Annual accounts 20163 M €↓
2015
Annual accounts 20154,4 M €↑
2014
Annual accounts 20142,2 M €↑
2013
Annual accounts 20131,3 M €↓
2012
Annual accounts 20121,7 M €↓
2011
Annual accounts 20111,7 M €↑
2010
Annual accounts 20101,2 M €↑
2009
Annual accounts 2009249,3 k €↓
2008
Annual accounts 2008531,1 k €↑
2007
Annual accounts 2007290,1 k €↓
2006
Annual accounts 2006522,9 k €
2006
Name changeREAL TOBACCO
01/12/1979
IncorporationPrivate 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

REAL RETAIL

Overview

What does REAL RETAIL do?

Trend over 17 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

Timeline