ACTIVE

AGEMAR

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Financial year 2025 · closed on 31/12/2025

Net result

-14,3 k €

-100.2% YoY

Gross margin

-95 k €

+3.9% YoY

Equity

10,3 M €

-0.1% YoY

What does AGEMAR do?

AGEMAR is a Public limited company incorporated in 1985. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.641.128

Incorporation

16/07/1985

Legal form

Public limited company

Registered office

Avenue Marnix 19A box 26
1000 Bruxelles · BruxellesSee on map

Contributed capital

118 048,63 €

Latest accounts

31/12/2025

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68322Management of real estate on a fee or contract basis

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowHealthy social debts

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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	-95 k €	+3.9%	-98,8 k €	-2526%	-3,8 k €	+91.2%	-43 k €	-485%	11,1 k €	-57.9%	26,5 k €	+111%	12,5 k €	-56.0%	28,5 k €	+27.2%	22,4 k €	+21.9%	18,4 k €	-14.4%	21,5 k €	-40.0%	35,9 k €	+22.3%	29,3 k €	+159%	11,3 k €	-51.0%	23,1 k €	-12.5%	26,3 k €	+5.7%	24,9 k €	+17.7%	21,2 k €	+4.0%	20,4 k €	-2.7%	20,9 k €
EBITDA	-181,6 k €	+9.3%	-200,2 k €	-96.0%	-102,2 k €	+24.2%	-134,7 k €	-90.9%	-70,6 k €	-36.3%	-51,8 k €	+17.1%	-62,5 k €	-25.2%	-49,9 k €	+11.5%	-56,4 k €	-6.9%	-52,8 k €	-11.4%	-47,4 k €	-53.0%	-31 k €	-0.4%	-30,9 k €	-151%	-12,3 k €	-177%	15,9 k €	-18.4%	19,5 k €	+12.1%	17,4 k €	+25.3%	13,9 k €	-3.6%	14,4 k €	-3.3%	14,9 k €
Operating result	-208,7 k €	+8.8%	-228,9 k €	-86.1%	-122,9 k €	+18.8%	-151,4 k €	-75.6%	-86,2 k €	-30.2%	-66,2 k €	+13.0%	-76,1 k €	-10.7%	-68,8 k €	+8.2%	-74,9 k €	-3.9%	-72,1 k €	-3.8%	-69,5 k €	-37.1%	-50,7 k €	-1.9%	-49,8 k €	-69.6%	-29,3 k €	-3528%	855,7 €	-89.5%	8,2 k €	+34.6%	6,1 k €	+33.9%	4,5 k €	-56.5%	10,4 k €	-4.5%	10,9 k €
Net result	-14,3 k €	-100%	7,6 M €	+1892%	380,4 k €	-8.6%	416 k €	+12.1%	371 k €	+19.3%	311 k €	+4.0%	299 k €	+12.6%	265,6 k €	+133%	-810,4 k €	-437%	240,2 k €	+25.6%	191,2 k €	+407%	-62,2 k €	-27.1%	-48,9 k €	-147%	-19,8 k €	-270%	11,6 k €	-98.8%	948,4 k €	+3301%	27,9 k €	-6.7%	29,9 k €	-18.3%	36,6 k €	+0.7%	36,3 k €
Balance sheet
Equity	10,3 M €	-0.1%	10,3 M €	+280%	2,7 M €	+16.3%	2,3 M €	+21.7%	1,9 M €	+24.0%	1,5 M €	+25.2%	1,2 M €	+32.0%	934,1 k €	-31.7%	1,4 M €	-37.2%	2,2 M €	+12.4%	1,9 M €	+10.9%	1,7 M €	-3.4%	1,8 M €	-2.6%	1,9 M €	-1.1%	1,9 M €	+0.6%	1,9 M €	+103%	918,4 k €	+3.1%	890,5 k €	+3.5%	860,6 k €	+4.4%	824 k €
Total assets	10,7 M €	-32.1%	15,8 M €	+22.9%	12,9 M €	+3.8%	12,4 M €	+3.5%	12 M €	+3.2%	11,6 M €	+2.6%	11,3 M €	-2.1%	11,6 M €	-3.1%	11,9 M €	-23.0%	15,5 M €	+1.6%	15,2 M €	+1.0%	15,1 M €	+729%	1,8 M €	-2.8%	1,9 M €	-0.9%	1,9 M €	+1.1%	1,9 M €	-31.5%	2,7 M €	-0.5%	2,7 M €	+2.6%	2,7 M €	+7.8%	2,5 M €
Cash	5,4 M €	+1350%	373,4 k €	-78.9%	1,8 M €	+28.3%	1,4 M €	+34.4%	1 M €	+43.1%	716,2 k €	+67.7%	427,2 k €	-35.5%	662,3 k €	-39.4%	1,1 M €	+53.1%	713,8 k €	+149%	286,6 k €	-41.9%	493 k €	-41.6%	843,4 k €	-10.1%	937,9 k €	+430%	177 k €	-81.3%	948,5 k €	+12182%	7,7 k €	+85.1%	4,2 k €	-96.7%	127,3 k €	+84.4%	69 k €
Debts	474,1 k €	-91.4%	5,5 M €	-45.1%	10 M €	+0.0%	10 M €	+0.1%	10 M €	-0.0%	10 M €	-0.1%	10 M €	-5.1%	10,6 M €	+0.0%	10,6 M €	-20.7%	13,3 M €	+0.0%	13,3 M €	-0.3%	13,3 M €	+131518%	10,1 k €	-22.3%	13,1 k €	+34.5%	9,7 k €	+22690%	42,6 €	-100.0%	1,8 M €	-2.3%	1,8 M €	+2.3%	1,8 M €	+9.4%	1,6 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+300%	0,5 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 · 4 active · 1 ended

Active mandates

Coralie Waucquez

Director

Active

Gaëtan Waucquez

Director

Active

Loïc Waucquez

Director

Active

Priscilla Waucquez

Director

Active

Ended mandates

Luc Waucquez

Managing director

Ended

At this address

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Forum E.C. - Vietnam● Active	0451.303.188
KODY EXPORT● Active	0440.844.610
MARINVEST● Active	0827.408.218
Marnor● Active	0421.106.197

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	17/09/2026	30/09/2025	30/09/2024	29/06/2023	31/08/2022	30/09/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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	15/05/2026	17/09/2026	French	PDF
Micro model	31/12/2024	16/05/2025	30/09/2025	French	PDF
Micro model	31/12/2023	17/05/2024	30/09/2024	French	PDF
Micro model	31/12/2022	19/05/2023	29/06/2023	French	PDF
Micro model	31/12/2021	20/05/2022	31/08/2022	French	PDF
Micro model	31/12/2020	21/05/2021	30/09/2021	French	PDF
Micro model	31/12/2019	15/05/2020	30/10/2020	French	PDF
Micro model	31/12/2018	17/05/2019	31/10/2019	French	PDF
Micro model	31/12/2017	18/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	24/10/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	27/07/2009	French	PDF
Abridged model	31/12/2007	16/05/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	31/07/2007	French	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 · 4 active · 1 ended

Active mandates

Coralie Waucquez

Director

Active

Gaëtan Waucquez

Director

Active

Loïc Waucquez

Director

Active

Priscilla Waucquez

Director

Active

Ended mandates

Luc Waucquez

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other10/09/2026
Renouvellement de mandats
PDF
Other13/11/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates03/12/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/10/2018
CAPITAL, ACTIONS
PDF
Mandates26/09/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates13/12/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates01/12/2005
DEMISSIONS, NOMINATIONS
PDF
Capital / shares26/10/2005
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-14,3 k €↓
2024
Annual accounts 20247,6 M €↑
2023
Annual accounts 2023380,4 k €↓
2022
Annual accounts 2022416 k €↑
2021
Annual accounts 2021371 k €↑
2020
Annual accounts 2020311 k €↑
2019
Annual accounts 2019299 k €↑
2018
Annual accounts 2018265,6 k €↑
2017
Annual accounts 2017-810,4 k €↓
2016
Annual accounts 2016240,2 k €↑
2015
Annual accounts 2015191,2 k €↑
2014
Annual accounts 2014-62,2 k €↓
2013
Annual accounts 2013-48,9 k €↓
2012
Annual accounts 2012-19,8 k €↓
2011
Annual accounts 201111,6 k €↓
2010
Annual accounts 2010948,4 k €↑
2009
Annual accounts 200927,9 k €↓
2008
Annual accounts 200829,9 k €↓
2007
Annual accounts 200736,6 k €↑
2006
Annual accounts 200636,3 k €
16/07/1985
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

AGEMAR

Overview

What does AGEMAR 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