ACTIVE

URBAN ESTATES

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Financial year 2025 · closed on 31/12/2025

Net result

27,2 k €

+22.6% YoY

Gross margin

-7,2 k €

+14.8% YoY

Equity

1,4 M €

+2.0% YoY

What does URBAN ESTATES do?

URBAN ESTATES is a Public limited company incorporated in 1983. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Edegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.513.876

Incorporation

17/01/1983

Legal form

Public limited company

Registered office

Mechelsesteenweg 50
2650 Edegem · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 68100Buying and selling of own real estate 68110Buying and selling of own real estate 70120Activities of head offices 70203Management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-7,2 k €	+14.8%	-8,5 k €	-10.3%	-7,7 k €	+64.6%	-21,7 k €	-38.5%	-15,7 k €	+47.6%	-29,9 k €	-38.4%	-21,6 k €	-12.8%	-19,2 k €	-194%	-6,5 k €	-513%	-1,1 k €	+58.6%	-2,6 k €	-101%	287,9 k €	+4589%	-6,4 k €	+83.4%	-38,7 k €	-112%	336,3 k €	+55.8%	215,9 k €	+25.6%	171,9 k €	+1832%	-9,9 k €	-10.7%	-9 k €	-115%	61,7 k €
EBITDA	-8,6 k €	+36.3%	-13,5 k €	-53.7%	-8,8 k €	+65.5%	-25,4 k €	-60.2%	-15,9 k €	+56.1%	-36,1 k €	-61.3%	-22,4 k €	-169%	32,5 k €	+1127%	2,6 k €	-85.7%	18,5 k €	+353%	-7,3 k €	-103%	211,9 k €	+2975%	-7,4 k €	-561%	1,6 k €	-99.4%	270,2 k €	+25.7%	215 k €	+25.8%	170,9 k €	+1673%	-10,9 k €	+62.9%	-29,3 k €	-161%	48 k €
Operating result	-8,6 k €	+36.3%	-13,5 k €	-53.7%	-8,8 k €	+65.5%	-25,4 k €	-49.1%	-17 k €	+54.2%	-37,2 k €	-58.3%	-23,5 k €	-172%	32,5 k €	+1127%	2,6 k €	-85.7%	18,5 k €	+353%	-7,3 k €	-103%	211,9 k €	+2975%	-7,4 k €	-561%	1,6 k €	-99.4%	270,2 k €	+25.7%	215 k €	+25.8%	170,9 k €	+1673%	-10,9 k €	+96.5%	-311,8 k €	-1117%	30,7 k €
Net result	27,2 k €	+22.6%	22,2 k €	+5.0%	21,1 k €	+85.1%	11,4 k €	-71.4%	39,9 k €	-61.7%	104,2 k €	-5.4%	110,1 k €	-85.9%	778,7 k €	+43520%	1,8 k €	-91.9%	22,1 k €	-46.0%	40,8 k €	-82.0%	226,4 k €	+10983%	2 k €	+10.8%	1,8 k €	+101%	-254,1 k €	-349%	101,9 k €	-33.9%	154,1 k €	+637%	-28,7 k €	-114%	209,8 k €	-54.8%	464 k €
Balance sheet
Equity	1,4 M €	+2.0%	1,4 M €	+1.7%	1,3 M €	+1.6%	1,3 M €	+0.9%	1,3 M €	+3.1%	1,3 M €	+9.0%	1,2 M €	+10.5%	1,1 M €	+284%	274,3 k €	+0.7%	272,5 k €	+8.8%	250,4 k €	-61.1%	644,1 k €	+54.2%	417,7 k €	+0.5%	415,7 k €	+0.4%	413,9 k €	-38.0%	668 k €	+18.0%	566,1 k €	+37.4%	411,9 k €	-6.5%	440,6 k €	+90.9%	230,8 k €
Total assets	1,7 M €	+2.6%	1,7 M €	-0.4%	1,7 M €	-1.2%	1,7 M €	+5.0%	1,6 M €	+15.7%	1,4 M €	+7.2%	1,3 M €	-2.2%	1,3 M €	+112%	625,8 k €	-0.2%	627 k €	+5.5%	594,5 k €	-44.3%	1,1 M €	+47.6%	722,8 k €	+3.8%	696,2 k €	-15.2%	821,1 k €	-71.3%	2,9 M €	+52.7%	1,9 M €	+65.3%	1,1 M €	-3.6%	1,2 M €	-36.0%	1,8 M €
Cash	224,5 €	+22.1%	183,8 €	+68.6%	109 €	-98.2%	6,1 k €	+8796%	68,2 €	-97.3%	2,5 k €	-77.1%	10,9 k €	-98.8%	889,5 k €	+163%	338 k €	+140163%	241 €	+1383%	16,3 €	-100.0%	255,1 k €	+2163%	11,3 k €	-87.2%	88,4 k €	-60.1%	221,3 k €	+42470%	519,8 €	-99.7%	153 k €	+39886%	382,7 €	-89.1%	3,5 k €	+1365%	239,4 €
Debts	318,9 k €	+5.1%	303,3 k €	-8.5%	331,6 k €	-11.0%	372,3 k €	+22.7%	303,6 k €	+143%	125 k €	-7.5%	135 k €	-50.7%	274 k €	-8.4%	299 k €	+3.3%	289,5 k €	+11.8%	259,1 k €	-23.3%	337,8 k €	+14.5%	295 k €	+10.4%	267,4 k €	-21.9%	342,2 k €	-84.4%	2,2 M €	+71.7%	1,3 M €	+77.3%	720,4 k €	+5.0%	686,4 k €	-57.2%	1,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

Fragimar

Managing director · since 07 février 2019 · until 07 février 2025 · 0417.686.255

Represented by Frank Smolders

Active

Frank Smolders

Director

Active

Ended mandates

Marian Fuset Domingo

Director · since 21 janvier 2021 · until 21 janvier 2021

Ended

Marian Fuset Domingo

Director · since 21 janvier 2015 · until 21 janvier 2021

Ended

LIVE SMART - MANAGEMENT

Director · since 01 janvier 2013 · until 21 janvier 2015 · 0897.949.487

Represented by Robert Boutefeu

Ended

LIVE SMART - MANAGEMENT

Director · since 01 janvier 2013 · until 27 avril 2018 · 0897.949.487

Represented by Robert Boutefeu

Ended

At this address

Other companies at this address

Company	CBE no.
DECORATIE EN SERVICE● Active	0419.612.694
Fragimar● Active	0417.686.255
International Infrastructure Development Group● Active	0690.623.271
TOP LOCATIONS● Active	0436.132.685

Annual accounts

Full financial information

	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	31/08/2026	28/08/2025	02/08/2024	08/01/2024	02/08/2022	31/08/2021
General meeting	11/06/2026	12/06/2025	13/06/2024	20/12/2023	09/06/2022	10/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	12/06/2025	28/08/2025	Dutch	PDF
Micro model	31/12/2023	13/06/2024	02/08/2024	Dutch	PDF
Micro model	31/12/2022	20/12/2023	08/01/2024	Dutch	PDF
Micro model	31/12/2021	09/06/2022	02/08/2022	Dutch	PDF
Micro model	31/12/2020	10/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	11/06/2020	02/07/2020	Dutch	PDF
Micro model	31/12/2018	13/06/2019	07/10/2019	Dutch	PDF
Micro model	31/12/2017	14/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	29/04/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	24/04/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/08/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/08/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	29/04/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	30/04/2010	21/05/2010	Dutch	PDF
Abridged model	31/12/2008	24/04/2009	18/05/2009	Dutch	PDF
Abridged model	31/12/2007	25/04/2008	19/05/2008	Dutch	PDF
Abridged model	31/12/2006	27/04/2007	05/06/2007	Dutch	PDF

Estimate

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.

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 · 2 active · 18 ended

Active mandates

Fragimar

Managing director · since 07 février 2019 · until 07 février 2025 · 0417.686.255

Represented by Frank Smolders

Active

Frank Smolders

Director

Active

Ended mandates

Marian Fuset Domingo

Director · since 21 janvier 2021 · until 21 janvier 2021

Ended

Marian Fuset Domingo

Director · since 21 janvier 2015 · until 21 janvier 2021

Ended

LIVE SMART - MANAGEMENT

Director · since 01 janvier 2013 · until 21 janvier 2015 · 0897.949.487

Represented by Robert Boutefeu

Ended

LIVE SMART - MANAGEMENT

Director · since 01 janvier 2013 · until 27 avril 2018 · 0897.949.487

Represented by Robert Boutefeu

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office07/06/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/01/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office04/01/2016
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF
Mandates12/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/11/2012
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 202527,2 k €↑
2024
Annual accounts 202422,2 k €↑
2023
Annual accounts 202321,1 k €↑
2022
Annual accounts 202211,4 k €↓
2021
Annual accounts 202139,9 k €↓
2020
Annual accounts 2020104,2 k €↓
2019
Annual accounts 2019110,1 k €↓
2018
Annual accounts 2018778,7 k €↑
2017
Annual accounts 20171,8 k €↓
2016
Annual accounts 201622,1 k €↓
2015
Annual accounts 201540,8 k €↓
2014
Annual accounts 2014226,4 k €↑
2013
Annual accounts 20132 k €↑
2012
Annual accounts 20121,8 k €↑
2011
Annual accounts 2011-254,1 k €↓
2010
Annual accounts 2010101,9 k €↓
2009
Annual accounts 2009154,1 k €↑
2008
Annual accounts 2008-28,7 k €↓
2007
Annual accounts 2007209,8 k €↓
2006
Annual accounts 2006464 k €
17/01/1983
IncorporationPublic 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

URBAN ESTATES

Overview

What does URBAN ESTATES do?

Trend over 20 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