ACTIVE

SPE III Runway

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Financial year 2025 · Closed on 31/12/2025

Net result-4,5 M €-25,7 %over 1 year
Revenue4,2 M €-20,6 %over 1 year
Equity-9,2 M €-97,9 %over 1 year

Identity

Source · BCE/KBO

SPE III Runway is a Limited partnership incorporated in 1988. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Ixelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0434.455.080
Incorporation
02/06/1988
Legal form
Limited partnership
Registered office
Avenue Louise 235
1050 Ixelles · BruxellesSee on map
Contributed capital
33 880 958,40 €
Latest accounts
31/12/2025
Signals
Good liquidityPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

20252024202320222021
Income statement
Revenue4,2 M €5,2 M €6,3 M €6 M €6,8 M €
EBITDA1,9 M €3,6 M €4,9 M €5,5 M €6,6 M €
Operating result-951,2 k €502,6 k €1,8 M €2,3 M €3,7 M €
Net result-4,5 M €-3,6 M €-1,8 M €124,1 k €1,6 M €
Balance sheet
Equity-9,2 M €-4,6 M €-1 M €748,1 k €624 k €
Total assets68,7 M €74,7 M €74,5 M €79,9 M €80,7 M €
Cash1 M €602,8 k €229,9 k €358,1 k €1,6 M €
Debts71,4 M €72,2 M €70,7 M €73,3 M €73,3 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 48 ended

Active mandates

Runway GP

Director · since 10 décembre 2019 · 0679.546.069

Represented by Michael DIETRICH

Active

Ended mandates

Runway GP

Director · since 10 décembre 2019 · 0679.546.069

Represented by Michael DIETRICH

Ended
Runway GP

Manager · since 10 décembre 2019 · 0679.546.069

Represented by Michael DIETRICH

Ended
Runway GP

Manager · since 08 août 2017 · 0679.546.069

Represented by Frédéric VAN DE PUTTE

Ended
Runway GP

Mandate · since 08 juillet 2017 · 0679.546.069

Represented by Frédéric VAN DE PUTTE

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date10/06/202628/07/202511/09/202426/06/202322/05/202302/06/2021
General meeting04/06/202607/07/202510/07/202416/06/202305/08/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202504/06/202610/06/2026FrenchPDF
Full model31/12/202407/07/202528/07/2025FrenchPDF
Full model31/12/202310/07/202411/09/2024FrenchPDF
Full model31/12/202216/06/202326/06/2023FrenchPDF
Full modelCorrection31/12/202105/08/202222/05/2023FrenchPDF
Full model31/12/202105/08/202208/08/2022FrenchPDF
Full model31/12/202028/05/202102/06/2021FrenchPDF
Full model31/12/201911/09/202021/09/2020FrenchPDF
Full model31/12/201828/06/201912/07/2019FrenchPDF
Full model31/12/201719/06/201824/07/2018FrenchPDF
Full model31/12/201630/06/201731/08/2017FrenchPDF
Full model31/12/201530/06/201616/08/2016FrenchPDF
Full model31/12/201412/06/201529/06/2015FrenchPDF
Full model31/12/201303/06/201529/06/2015FrenchPDF
Full model31/12/201226/07/201306/08/2013FrenchPDF
Full model31/12/201126/06/201226/07/2012FrenchPDF
Full model28/02/201126/06/201226/07/2012FrenchPDF
Abridged model28/02/201009/08/201014/10/2010DutchPDF
Abridged model28/02/200909/11/200916/11/2009DutchPDF
Abridged model29/02/200817/11/200824/11/2008DutchPDF
Abridged model28/02/200706/08/200717/09/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 48 ended

Active mandates

Runway GP

Director · since 10 décembre 2019 · 0679.546.069

Represented by Michael DIETRICH

Active

Ended mandates

Runway GP

Director · since 10 décembre 2019 · 0679.546.069

Represented by Michael DIETRICH

Ended
Runway GP

Manager · since 10 décembre 2019 · 0679.546.069

Represented by Michael DIETRICH

Ended
Runway GP

Manager · since 08 août 2017 · 0679.546.069

Represented by Frédéric VAN DE PUTTE

Ended
Runway GP

Mandate · since 08 juillet 2017 · 0679.546.069

Represented by Frédéric VAN DE PUTTE

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates11/12/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/02/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Other22/01/2020
    MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates30/08/2017
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Mandates30/05/2017
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/10/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office26/05/2016
    SIEGE SOCIAL
    PDF
  • Mandates23/10/2015
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-4,5 M €↓
  2. 2024
    Annual accounts 2024-3,6 M €↓
  3. 2023
    Annual accounts 2023-1,8 M €↓
  4. 2022
    Annual accounts 2022124,1 k €↓
  5. 2021
    Annual accounts 20211,6 M €↑
  6. 2020
    Annual accounts 2020-34,6 k €↑
  7. 2019
    Annual accounts 2019-4,3 M €↓
  8. 2018
    Annual accounts 2018-752,9 k €↑
  9. 2017
    Annual accounts 2017-2,6 M €↓
  10. 2016
    Annual accounts 2016-727,9 k €↑
  11. 2015
    Annual accounts 2015-2,3 M €↑
  12. 2014
    Annual accounts 2014-4,7 M €↑
  13. 2013
    Annual accounts 2013-5,1 M €↑
  14. 2012
    Annual accounts 2012-9,5 M €↓
  15. 2011
    Annual accounts 2011-6,3 M €↑
  16. 2011
    Annual accounts 2011-6,9 M €↓
  17. 2010
    Annual accounts 2010-1,3 M €↓
  18. 2009
    Annual accounts 2009-889,6 k €↑
  19. 2008
    Annual accounts 2008-2,3 M €↓
  20. 2007
    Annual accounts 2007-448,3 k €
  21. 02/06/1988
    IncorporationLimited partnership