ACTIVE

IMMO A.D.B.

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Financial year 2025 · closed on 31/12/2025

Net result

318,5 k €

-7.2% YoY

Gross margin

754 k €

+11.7% YoY

Equity

2,1 M €

+17.9% YoY

What does IMMO A.D.B. do?

IMMO A.D.B. 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 Lokeren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.471.827

Incorporation

05/11/1987

Legal form

Public limited company

Registered office

Melkerijstraat 9
9160 Lokeren · FlandreSee on map

Contributed capital

329 725,58 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	754 k €	+11.7%	675,1 k €	-3.4%	699,1 k €	+122%	315,5 k €	-40.1%	526,3 k €	+72.9%	304,3 k €	+2.5%	297 k €	-0.2%	297,6 k €	+13.6%	262 k €	+21.6%	215,4 k €	-25.8%	290,2 k €	+16.0%	250,2 k €	-4.4%	261,8 k €	+163%	99,7 k €	-13.1%	114,8 k €	+18.8%	96,6 k €	+60.5%	60,2 k €	+96.6%	30,6 k €	-58.5%	73,8 k €
EBITDA	685,8 k €	+9.2%	627,8 k €	-4.0%	653,7 k €	+134%	279,4 k €	-43.2%	491,8 k €	+77.7%	276,8 k €	+4.7%	264,3 k €	-0.5%	265,5 k €	+14.8%	231,2 k €	+20.9%	191,3 k €	-27.8%	265,1 k €	+14.7%	231 k €	+0.8%	229,3 k €	+152%	91,1 k €	-14.3%	106,3 k €	+19.5%	89 k €	+68.2%	52,9 k €	+118%	24,3 k €	-64.4%	68,2 k €
Operating result	481,2 k €	-3.2%	497,2 k €	-9.8%	551,5 k €	+169%	204,8 k €	-54.3%	448,1 k €	+91.7%	233,8 k €	+7.6%	217,3 k €	+3.8%	209,2 k €	+43.2%	146,1 k €	+9.7%	133,2 k €	-39.4%	219,8 k €	+25.2%	175,6 k €	+2.5%	171,3 k €	+144%	70,3 k €	-17.6%	85,3 k €	+26.8%	67,3 k €	+116%	31,2 k €	+4366%	-731 €	-102%	47,9 k €
Net result	318,5 k €	-7.2%	343,2 k €	-11.0%	385,8 k €	+213%	123,2 k €	-60.6%	312,5 k €	+129%	136,4 k €	+28.5%	106,1 k €	+2.2%	103,8 k €	+84.6%	56,2 k €	+0.7%	55,8 k €	-51.5%	115,2 k €	+47.9%	77,9 k €	+10.4%	70,5 k €	+83897%	84 €	-99.4%	14,6 k €	+155%	5,7 k €	-66.6%	17,2 k €	+995%	-1,9 k €	-108%	25 k €
Balance sheet
Equity	2,1 M €	+17.9%	1,8 M €	+23.8%	1,4 M €	-15.5%	1,7 M €	+7.8%	1,6 M €	+24.6%	1,3 M €	+12.0%	1,1 M €	+10.3%	1 M €	+11.3%	922,2 k €	+6.5%	865,9 k €	+6.9%	810,1 k €	+16.6%	694,9 k €	+59.7%	435 k €	+19.4%	364,4 k €	+0.0%	364,4 k €	+4.2%	349,8 k €	+1.7%	344,1 k €	+5.2%	326,9 k €	-0.6%	328,8 k €
Total assets	5 M €	+2.1%	4,9 M €	+10.2%	4,5 M €	+7.0%	4,2 M €	+27.9%	3,3 M €	+29.8%	2,5 M €	-6.2%	2,7 M €	+11.1%	2,4 M €	-2.2%	2,5 M €	+22.2%	2 M €	+2.6%	2 M €	+2.1%	1,9 M €	+13.6%	1,7 M €	-0.4%	1,7 M €	-1.3%	1,7 M €	-0.4%	1,7 M €	+189%	601,3 k €	-0.3%	603,3 k €	+2.4%	589,4 k €
Cash	350,6 k €	-50.0%	701 k €	+52.4%	459,8 k €	+1360%	31,5 k €	+179%	11,3 k €	-59.8%	28 k €	-78.2%	128,6 k €	+273%	34,5 k €	+16.3%	29,7 k €	-52.6%	62,6 k €	+47.1%	42,5 k €	-29.0%	60 k €	+1.9%	58,8 k €	+1002%	5,3 k €	-67.7%	16,5 k €	+298%	4,2 k €	-81.8%	22,8 k €	+1107%	1,9 k €	-43.7%	3,4 k €
Debts	2,9 M €	-6.5%	3,1 M €	+4.2%	2,9 M €	+21.6%	2,4 M €	+49.1%	1,6 M €	+29.9%	1,2 M €	-19.4%	1,5 M €	+11.5%	1,4 M €	-10.2%	1,5 M €	+33.9%	1,2 M €	+0.0%	1,2 M €	-6.5%	1,2 M €	-1.0%	1,2 M €	-6.8%	1,3 M €	-1.6%	1,4 M €	-1.6%	1,4 M €	+456%	248,8 k €	-9.2%	274 k €	+5.9%	258,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 19 ended

Active mandates

Patriek De Bruyn

Director

Active

Ended mandates

Patriek De Bruyn

Director · since 28 mai 2015 · until 28 mai 2021

Ended

Patriek De Bruyn

Director · since 28 mai 2015 · until 31 mai 2028

Ended

VEPA-BOUW

Managing director · since 28 mai 2015 · until 31 mai 2028 · 0870.305.675

Represented by Patriek De Bruyn

Ended

VEPA-BOUW

Managing director · since 28 mai 2015 · until 28 mai 2021 · 0870.305.675

Ended

At this address

Other companies at this address

Company	CBE no.
PROPERTY D.C.● Active	0448.332.218
VEPA-BOUW● Active	0870.305.675

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	31/08/2026	30/08/2025	30/08/2024	31/08/2023	30/08/2022	24/06/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	25/08/2022	26/05/2021
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
Abridged model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	30/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/08/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	21/08/2020	10/09/2020	Dutch	PDF
Abridged model	31/12/2018	19/06/2019	08/07/2019	Dutch	PDF
Abridged model	31/12/2017	20/06/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	21/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	29/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/12/2014	27/08/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/05/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	31/05/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	15/06/2010	Dutch	PDF
Abridged model	31/12/2008	27/05/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 19 ended

Active mandates

Patriek De Bruyn

Director

Active

Ended mandates

Patriek De Bruyn

Director · since 28 mai 2015 · until 28 mai 2021

Ended

Patriek De Bruyn

Director · since 28 mai 2015 · until 31 mai 2028

Ended

VEPA-BOUW

Managing director · since 28 mai 2015 · until 31 mai 2028 · 0870.305.675

Represented by Patriek De Bruyn

Ended

VEPA-BOUW

Managing director · since 28 mai 2015 · until 28 mai 2021 · 0870.305.675

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/03/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates19/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/05/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/10/2013
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring17/07/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates19/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/02/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025318,5 k €↓
2024
Annual accounts 2024343,2 k €↓
2023
Annual accounts 2023385,8 k €↑
2022
Annual accounts 2022123,2 k €↓
2021
Annual accounts 2021312,5 k €↑
2020
Annual accounts 2020136,4 k €↑
2019
Annual accounts 2019106,1 k €↑
2018
Annual accounts 2018103,8 k €↑
2017
Annual accounts 201756,2 k €↑
2016
Annual accounts 201655,8 k €↓
2015
Annual accounts 2015115,2 k €↑
2014
Annual accounts 201477,9 k €↑
2012
Annual accounts 201270,5 k €↑
2011
Annual accounts 201184 €↓
2010
Annual accounts 201014,6 k €↑
2009
Annual accounts 20095,7 k €↓
2008
Annual accounts 200817,2 k €↑
2007
Annual accounts 2007-1,9 k €↓
2006
Annual accounts 200625 k €
05/11/1987
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

IMMO A.D.B.

Overview

What does IMMO A.D.B. do?

Trend over 19 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