ACTIVE

ATHELEAN

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Financial year 2025 · closed on 31/12/2025

Net result

2,8 M €

+5327.3% YoY

Gross margin

5,7 M €

+139.7% YoY

Equity

133,8 M €

+1.6% YoY

Workforce

1,0 ETP

+25.0% YoY

What does ATHELEAN do?

ATHELEAN is a Public limited company incorporated in 1987. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Knokke-Heist. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.270.521

Incorporation

08/01/1987

Legal form

Public limited company

Registered office

Zeehelling 2 box 16
8300 Knokke-Heist · FlandreSee on map

Contributed capital

1 000 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 70201Management consultancy activities 64200Activities of holding companies 64210Activities of holding companies 68203Rental and operating of own or leased real estate+1

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

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	5,7 M €	+140%	2,4 M €	+47.0%	1,6 M €	+16.7%	1,4 M €	+1.5%	1,4 M €	+53.5%	891,1 k €	-44.1%	1,6 M €	+563%	-345,0 k €	-197%	-116,3 k €	-105%	2,4 M €	+0.8%	2,4 M €	+10.9%	2,2 M €	-14.4%	2,5 M €	-5.3%	2,7 M €	+53.4%	1,7 M €	-14.5%	2,0 M €	+18.9%	1,7 M €	+14.5%	1,5 M €	+10.2%	1,4 M €	+18.5%	1,1 M €
EBITDA	5,5 M €	+148%	2,2 M €	+51.3%	1,5 M €	+21.2%	1,2 M €	-2.1%	1,2 M €	+61.0%	763,3 k €	-46.9%	1,4 M €	+395%	-488,2 k €	-123%	-219,1 k €	-110%	2,2 M €	-2.2%	2,3 M €	+11.7%	2,0 M €	-15.4%	2,4 M €	-6.0%	2,5 M €	+56.2%	1,6 M €	-15.1%	1,9 M €	+18.7%	1,6 M €	+15.2%	1,4 M €	+9.9%	1,3 M €	+18.1%	1,1 M €
Operating result	4,7 M €	+218%	1,5 M €	+101%	735,9 k €	+39.3%	528,3 k €	-9.3%	582,6 k €	+883%	-74,4 k €	-111%	652,1 k €	+146%	-1,4 M €	-24.7%	-1,1 M €	-195%	1,2 M €	-4.1%	1,2 M €	+6.5%	1,2 M €	-22.4%	1,5 M €	-3.2%	1,5 M €	+31.7%	1,2 M €	-20.2%	1,5 M €	+44.1%	1,0 M €	+26.7%	807,1 k €	+5.2%	767,1 k €	+6.0%	723,5 k €
Net result	2,8 M €	+5327%	51,3 k €	-38.7%	83,6 k €	-89.5%	793,4 k €	-40.5%	1,3 M €	+116%	616,6 k €	-30.0%	881,2 k €	+34.1%	657,1 k €	+83.6%	357,9 k €	-69.4%	1,2 M €	-98.8%	95,0 M €	+501%	15,8 M €	+4489%	344,6 k €	-60.1%	864,4 k €	-87.8%	7,1 M €	+1019%	634,0 k €	+24.2%	510,7 k €	+277%	-288,7 k €	-107%	-139,5 k €	-107%	2,0 M €
Balance sheet
Equity	133,8 M €	+1.6%	131,7 M €	+0.0%	131,7 M €	+0.1%	131,6 M €	+0.6%	130,8 M €	+1.0%	129,5 M €	+0.5%	128,8 M €	+0.8%	127,8 M €	+0.5%	127,2 M €	+0.3%	126,7 M €	+0.9%	125,5 M €	+311%	30,6 M €	+106%	14,8 M €	+2.4%	14,5 M €	+6.4%	13,6 M €	+109%	6,5 M €	+10.8%	5,9 M €	+9.5%	5,4 M €	-5.1%	5,6 M €	-2.0%	5,8 M €
Total assets	276,4 M €	+1.7%	271,9 M €	-1.3%	275,5 M €	+8.0%	255,1 M €	+13.5%	224,7 M €	+1.0%	222,5 M €	+3.6%	214,7 M €	-1.8%	218,6 M €	-0.1%	218,9 M €	+1.3%	216,1 M €	+0.6%	214,9 M €	+129%	93,8 M €	-3.6%	97,3 M €	+54.1%	63,1 M €	+30.0%	48,6 M €	+27.8%	38,0 M €	+23.7%	30,7 M €	+8.0%	28,4 M €	-51.8%	59,0 M €	+136%	24,9 M €
Cash	1,3 M €	+49.4%	848,8 k €	+20.9%	701,9 k €	-24.4%	929,1 k €	+5.8%	878,1 k €	-4.4%	918,3 k €	-27.4%	1,3 M €	+2400%	50,6 k €	-69.9%	168,3 k €	+85.5%	90,7 k €	+63.3%	55,6 k €	-13.8%	64,4 k €	-47.6%	123,0 k €	-44.3%	220,9 k €	-17.3%	267,3 k €	+82.9%	146,1 k €	-10.0%	162,4 k €	+26.5%	128,3 k €	+8.4%	118,4 k €	-4.0%	123,3 k €
Debts	137,4 M €	-0.9%	138,6 M €	-2.8%	142,6 M €	+16.5%	122,4 M €	+31.5%	93,1 M €	+0.9%	92,3 M €	+8.5%	85,1 M €	-5.3%	89,8 M €	-1.1%	90,8 M €	+2.9%	88,2 M €	+0.5%	87,8 M €	+42.4%	61,7 M €	-23.4%	80,6 M €	+71.1%	47,1 M €	+38.3%	34,0 M €	+11.1%	30,6 M €	+29.8%	23,6 M €	+10.4%	21,4 M €	-58.8%	51,9 M €	+184%	18,3 M €
Other
Workforce	1,0 ETP	+25.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP		–		1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-11.1%	0,9 ETP	+12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-20.0%	1,0 ETP	+42.9%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

Frank Van Leemput

Managing director · since 25 juin 2020 · until 11 juin 2032

Active

Ended mandates

Frank Van Leemput

Managing director · since 25 juin 2020 · until 12 juin 2026

Ended

ATHELEAN

Director · since 15 avril 2013 · until 31 juillet 2013 · 0430.270.521

Represented by Philippe Evrard

Ended

ATHELEAN

Director · since 15 avril 2013 · 0430.270.521

Represented by Philippe Evrard

Ended

Frank Van Leemput

Managing director · since 12 juin 2005 · until 12 juin 2011

Ended

At this address

Other companies at this address

Company	CBE no.
athelean group● Active	0634.845.303
COLPAERT● Active	0413.857.725
FRANK'S● Active	0445.597.808
IDEA!● Active	1010.010.322
IMMOVELD● Active	0437.860.374
LIEGE DEVELOPPEMENT● Active	0874.677.902
POWER-STATION● Active	0633.513.928
RAMSES● Active	0452.147.385
R. RAMMANT● Active	0447.086.361
STEENSTAETE● Active	0453.934.165
V.M.E. ZEEHELLING 2 VME● Active	0850.558.455

Annual accounts

Full financial information

	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	17/07/2026	06/08/2025	25/07/2024	17/08/2023	06/07/2022	05/07/2021
General meeting	26/06/2026	13/06/2025	25/06/2024	09/06/2023	10/06/2022	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
Abridged model	31/12/2025	26/06/2026	17/07/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	06/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	17/08/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	06/07/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	05/07/2021	Dutch	PDF
Abridged model	31/12/2019	11/06/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	13/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	14/06/2018	29/06/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	09/06/2016	08/08/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	20/07/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/06/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	10/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	11/06/2009	24/07/2009	Dutch	PDF
Abridged model	31/12/2007	12/06/2008	01/07/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	15/06/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

Frank Van Leemput

Managing director · since 25 juin 2020 · until 11 juin 2032

Active

Ended mandates

Frank Van Leemput

Managing director · since 25 juin 2020 · until 12 juin 2026

Ended

ATHELEAN

Director · since 15 avril 2013 · until 31 juillet 2013 · 0430.270.521

Represented by Philippe Evrard

Ended

ATHELEAN

Director · since 15 avril 2013 · 0430.270.521

Represented by Philippe Evrard

Ended

Frank Van Leemput

Managing director · since 12 juin 2005 · until 12 juin 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2020
DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates10/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/08/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other13/03/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/07/2011
DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other07/02/2008
Uittreksel uit het verslag van de buitengewone algemene vergadering dd 18/01/2008
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 20252,8 M €↑
2024
Annual accounts 202451,3 k €↓
2023
Annual accounts 202383,6 k €↓
2022
Annual accounts 2022793,4 k €↓
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020616,6 k €↓
2019
Annual accounts 2019881,2 k €↑
2018
Annual accounts 2018657,1 k €↑
2017
Annual accounts 2017357,9 k €↓
2016
Annual accounts 20161,2 M €↓
2015
Annual accounts 201595,0 M €↑
2014
Annual accounts 201415,8 M €↑
2013
Annual accounts 2013344,6 k €↓
2012
Annual accounts 2012864,4 k €↓
2011
Annual accounts 20117,1 M €↑
2010
Annual accounts 2010634,0 k €↑
2009
Annual accounts 2009510,7 k €↑
2008
Annual accounts 2008-288,7 k €↓
2007
Annual accounts 2007-139,5 k €↓
2006
Annual accounts 20062,0 M €
08/01/1987
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

ATHELEAN

Overview

What does ATHELEAN 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