ACTIVE

BELFIUS IMMO

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Financial year 2025 · Closed on 31/12/2025

Net result3 M €+25,3 %over 1 year
Revenue1,4 M €-40,0 %over 1 year
Equity88 M €0,0 %over 1 year
Workforce4,0 ETP-11,1 %over 1 year

Identity

Source · BCE/KBO

BELFIUS IMMO is a Public limited company incorporated in 1988. Its registered office is in Saint-Josse-ten-Noode. It employs on average 4,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0436.006.090
Incorporation
25/11/1988
Legal form
Public limited company
Registered office
Place Charles Rogier 11
1210 Saint-Josse-ten-Noode · BruxellesSee on map
Contributed capital
47 404 668,42 €
Latest accounts
31/12/2025
Average workforce
4,0 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityLow riskPositive cashflowHealthy social debtsHigh revenue

Financials

Source · NBB, 38 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue1,4 M €2,3 M €2,2 M €6,6 M €10,7 M €
EBITDA-1,3 M €-1,1 M €-988,4 k €408,6 k €566,4 k €
Operating result-1,5 M €-1,3 M €-1,2 M €210,6 k €436,6 k €
Net result3 M €2,4 M €3,7 M €2,6 M €2,8 M €
Balance sheet
Equity88 M €88 M €88 M €88 M €88 M €
Total assets147,2 M €114,9 M €110,4 M €109,6 M €112 M €
Cash547,9 k €436,5 k €857,5 k €3 M €21 M €
Debts59 M €26,8 M €22,3 M €21,4 M €23,8 M €
Other
Workforce4,0 ETP4,5 ETP3,8 ETP3,5 ETP1,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 61 ended

Active mandates

Mario De Vry

Director · since 21 janvier 2025 · until 31 décembre 2025

Active
Thierry De Wever

Director · since 21 janvier 2025 · until 09 mai 2028

Active
Gery Milants

Director · since 09 mai 2023 · until 08 mai 2029

Active
Christophe Demain

Director · since 10 mai 2022 · until 09 mai 2028

Active
Dirk Gyselinck

Director · since 10 mai 2022 · until 20 janvier 2025

Active
Patrick Van Tiggel

Director · since 10 mai 2022 · until 09 mai 2028

Active
Franky Tolpe

Director · since 12 mai 2020 · until 12 mai 2026

Active

Ended mandates

Dirk Gyselinck

Director · since 10 mai 2022 · until 09 mai 2028

Ended
Arnaud Frippiat

Director · since 28 avril 2020 · until 04 août 2020

Ended
Franky De Wispelaere

Director · since 20 février 2020 · until 07 juin 2024

Ended
Franky De Wispelaere

Director · since 20 février 2020 · until 07 mai 2026

Ended

Other companies at this address

Place Charles Rogier 11 1210 Saint-Josse-ten-Noode
CompanyCBE no.
BELFIUS ASSET FINANCE HOLDING● Active
0893.860.839
Belfius Asset Management● Active
0654.876.296
BELFIUS ASSURANCES● Active
0405.764.064
Belfius Bank Pillar 2 Group● Active
1015.809.041
BELFIUS BANQUE● Active
0403.201.185
BELFIUS COMMERCIAL FINANCE● Active
0440.627.349
Belfius Equities● Active
0444.229.910
BELFIUS FIDUCIAIRE● Active
0416.799.201
BELFIUS FOUNDATION● Active
0846.556.909
BELFIUS FULLINVEST, SICAV de droit belge● Active
0445.784.878
Belfius Global● Active
0662.402.805
BELFIUS LEASE● Active
0431.916.551
BELFIUS LEASE SERVICES● Active
0427.903.127
BELFIUS MANAGED PORTFOLIO● Active
0685.973.013
BELFIUS OFP● Active
0432.090.755
Belfius Pension Fund Balanced Plus● Active
0737.403.601
Belfius Pension Fund High Equities● Active
0737.404.787
Belfius Pension Fund Low Equities● Active
0737.404.094
Belfius Plan Bonds● Active
0737.403.007
Belfius Plan Equities● Active
0736.977.492

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 date18/05/202621/05/202516/05/202401/08/202313/10/202201/06/2021
General meeting12/05/202613/05/202514/05/202409/05/202307/10/202201/06/2021
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, 38 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202618/05/2026DutchPDF
Full model31/12/202512/05/202618/05/2026FrenchPDF
Full model31/12/202413/05/202521/05/2025FrenchPDF
Full model31/12/202413/05/202521/05/2025DutchPDF
Full model31/12/202314/05/202416/05/2024FrenchPDF
Full model31/12/202314/05/202416/05/2024DutchPDF
Full modelCorrection31/12/202209/05/202301/08/2023DutchPDF
Full model31/12/202209/05/202316/05/2023FrenchPDF
Full model31/12/202209/05/202316/05/2023DutchPDF
Full modelCorrection31/12/202107/10/202213/10/2022FrenchPDF
Full modelCorrection31/12/202107/10/202213/10/2022DutchPDF
Full model31/12/202110/05/202218/05/2022FrenchPDF
Full model31/12/202110/05/202218/05/2022DutchPDF
Full model31/12/202001/06/202101/06/2021DutchPDF
Full model31/12/202001/06/202101/06/2021FrenchPDF
Full model31/12/201912/05/202013/05/2020FrenchPDF
Full model31/12/201912/05/202013/05/2020DutchPDF
Full model31/12/201814/05/201915/05/2019DutchPDF
Full model31/12/201814/05/201915/05/2019FrenchPDF
Full model31/12/201708/05/201816/05/2018FrenchPDF
Full model31/12/201708/05/201816/05/2018DutchPDF
Full model31/12/201609/05/201717/05/2017DutchPDF
Full model31/12/201609/05/201717/05/2017FrenchPDF
Full model31/12/201510/05/201613/05/2016FrenchPDF
Full model31/12/201510/05/201613/05/2016DutchPDF
Full model31/12/201412/05/201518/05/2015DutchPDF
Full model31/12/201412/05/201518/05/2015FrenchPDF
Full model31/12/201313/05/201413/05/2014FrenchPDF
Full model31/12/201313/05/201413/05/2014DutchPDF
Full model31/12/201214/05/201315/05/2013FrenchPDF
Full model31/12/201214/05/201315/05/2013DutchPDF
Full model31/12/201109/05/201219/06/2012FrenchPDF
Full model31/12/201011/05/201117/05/2011FrenchPDF
Full model31/12/200907/05/201008/06/2010FrenchPDF
Full model31/12/200812/05/200912/05/2009FrenchPDF
Full model31/12/200725/04/200831/07/2008FrenchPDF
Full model31/12/200621/06/200726/03/2008FrenchPDF
Abridged model31/12/200621/06/200716/07/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 61 ended

Active mandates

Mario De Vry

Director · since 21 janvier 2025 · until 31 décembre 2025

Active
Thierry De Wever

Director · since 21 janvier 2025 · until 09 mai 2028

Active
Gery Milants

Director · since 09 mai 2023 · until 08 mai 2029

Active
Christophe Demain

Director · since 10 mai 2022 · until 09 mai 2028

Active
Dirk Gyselinck

Director · since 10 mai 2022 · until 20 janvier 2025

Active
Patrick Van Tiggel

Director · since 10 mai 2022 · until 09 mai 2028

Active
Franky Tolpe

Director · since 12 mai 2020 · until 12 mai 2026

Active

Ended mandates

Dirk Gyselinck

Director · since 10 mai 2022 · until 09 mai 2028

Ended
Arnaud Frippiat

Director · since 28 avril 2020 · until 04 août 2020

Ended
Franky De Wispelaere

Director · since 20 février 2020 · until 07 juin 2024

Ended
Franky De Wispelaere

Director · since 20 février 2020 · until 07 mai 2026

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 12/05/2026
    reconductionTolpe Franky — administrateur
  2. 12/05/2026
    reconductionTolpe Franky — bestuurder
  3. 12/05/2026
    nominationWevers Franky — commissaris
  4. 01/01/2026
    nominationHédi Ben Mahmoud — bestuurder
  5. 01/01/2026
    nominationBen Mahmoud Hédi — administrateur
  6. 2025
    Annual accounts 20253 M €↑
  7. 21/01/2025
    nominationMario De Vry — administrateur
  8. 21/01/2025
    nominationThierry De Wever — administrateur
  9. 21/01/2025
    nominationMario De Vry — bestuurder
  10. 21/01/2025
    nominationThierry De Wever — bestuurder
  11. 2024
    Annual accounts 20242,4 M €↓
  12. 2023
    Annual accounts 20233,7 M €↑
  13. 09/05/2023
    reconductionGery Milants — bestuurder
  14. 09/05/2023
    reconductionKPMG Bedrijfsrevisoren BV — Commissaris
  15. 09/05/2023
    reconductionGery Milants — administrateur
  16. 09/05/2023
    reconductionKPMG Réviseurs d'Entreprise SRL — Commissaire
  17. 2022
    Annual accounts 20222,6 M €↓
  18. 10/05/2022
    reconductionDirk Gyselinck — administrateur
  19. 10/05/2022
    reconductionPatrick Van Tiggel — administrateur
  20. 10/05/2022
    nominationChristophe Demain — administrateur
  21. 10/05/2022
    reconductionDirk Gyselinck — bestuurder
  22. 10/05/2022
    reconductionPatrick Van Tiggel — bestuurder
  23. 10/05/2022
    nominationChristophe Demain — bestuurder
  24. 2021
    Annual accounts 20212,8 M €↓
  25. 2020
    Annual accounts 20204 M €↑
  26. 2019
    Annual accounts 20193,1 M €↑
  27. 2018
    Annual accounts 201810 k €↓
  28. 2017
    Annual accounts 20171,2 M €↓
  29. 2016
    Annual accounts 20168,1 M €↑
  30. 2015
    Annual accounts 2015-677,7 k €↓
  31. 2014
    Annual accounts 20144,5 M €↑
  32. 2013
    Annual accounts 2013-5 M €↓
  33. 2012
    Annual accounts 2012308,1 k €↓
  34. 2011
    Annual accounts 2011515,9 k €↑
  35. 2010
    Annual accounts 2010453,7 k €↑
  36. 2009
    Annual accounts 2009402,4 k €↓
  37. 2006
    Annual accounts 200627,6 M €
  38. 25/11/1988
    IncorporationPublic limited company