ACTIVE

IMMO GRAY

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1 k €

+167.7% YoY

Gross margin

12,5 k €

+70.0% YoY

Equity

472,9 k €

+0.2% YoY

What does IMMO GRAY do?

IMMO GRAY is a Public limited company incorporated in 1988. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.412.007

Incorporation

29/12/1988

Legal form

Public limited company

Registered office

Avenue Louise 479
1050 Ixelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	12,5 k €	+70.0%	7,3 k €	+554%	-1,6 k €	-101%	247,3 k €	+1521%	15,3 k €	-22.3%	19,6 k €	-23.4%	25,6 k €	+47.8%	17,3 k €	-29.6%	24,6 k €	-98.1%	1,3 M €	+5662%	-23,4 k €	-149%	47,4 k €	-13.0%	54,4 k €	-3.5%	56,4 k €	+50.5%	37,5 k €	-43.7%	66,6 k €	+14.6%	58,1 k €	+0.4%	57,9 k €	+5.3%	55 k €	+15.8%	47,5 k €
EBITDA	10,6 k €	+92.4%	5,5 k €	+170%	-7,9 k €	-103%	245,7 k €	+1753%	13,3 k €	-15.4%	15,7 k €	-24.9%	20,9 k €	+39.1%	15 k €	-26.5%	20,4 k €	-98.4%	1,3 M €	+3461%	-38,6 k €	-219%	32,4 k €	-20.8%	40,9 k €	-7.1%	44,1 k €	+35.0%	32,6 k €	-40.5%	54,9 k €	+2.3%	53,6 k €	+56.0%	34,4 k €	-34.6%	52,5 k €	+17.3%	44,8 k €
Operating result	-3,6 k €	+53.7%	-7,8 k €	+63.2%	-21,2 k €	-109%	232,4 k €	+1292%	-19,5 k €	-13.3%	-17,2 k €	-43.3%	-12 k €	+32.8%	-17,9 k €	-40.7%	-12,7 k €	-101%	1,3 M €	+1419%	-95,8 k €	-296%	-24,2 k €	-62.9%	-14,8 k €	+10.3%	-16,5 k €	-1293%	-1,2 k €	-105%	22,9 k €	+5.8%	21,6 k €	+428%	4,1 k €	-78.1%	18,7 k €	+38.0%	13,5 k €
Net result	1 k €	+168%	-1,5 k €	+92.3%	-19,4 k €	-110%	185,9 k €	+1563%	-12,7 k €	-22.6%	-10,4 k €	+78.0%	-47,1 k €	-105%	-22,9 k €	-4.8%	-21,9 k €	-103%	848,4 k €	+893%	-107 k €	-267%	-29,1 k €	-67.5%	-17,4 k €	+9.1%	-19,1 k €	-156%	-7,5 k €	-208%	7 k €	-38.4%	11,3 k €	-96.0%	286,1 k €	+1754%	-17,3 k €	-44.3%	-12 k €
Balance sheet
Equity	472,9 k €	+0.2%	471,9 k €	-0.3%	473,4 k €	-2.6%	485,8 k €	+62.0%	299,9 k €	-4.1%	312,6 k €	-3.2%	323 k €	-12.7%	370 k €	-5.8%	393 k €	-5.3%	414,9 k €	-25.8%	558,9 k €	-16.1%	665,9 k €	-4.2%	695,1 k €	-2.4%	712,5 k €	-2.6%	731,6 k €	-1.0%	739,1 k €	+1.0%	732,1 k €	+2.8%	712,4 k €	+48.2%	480,6 k €	-3.5%	497,9 k €
Total assets	650,9 k €	-5.6%	689,5 k €	-10.7%	772,2 k €	-6.9%	829,4 k €	+4.2%	795,6 k €	-4.5%	833,2 k €	-3.5%	863,3 k €	-25.2%	1,2 M €	-6.3%	1,2 M €	-4.8%	1,3 M €	-16.6%	1,5 M €	-3.7%	1,6 M €	-2.3%	1,6 M €	-3.3%	1,7 M €	+48.6%	1,1 M €	-0.3%	1,1 M €	-3.6%	1,2 M €	-5.1%	1,3 M €	-4.0%	1,3 M €	+6.3%	1,2 M €
Cash	42,8 k €	-3.0%	44,1 k €	-71.3%	153,6 k €	-43.9%	273,7 k €		–		4,8 k €	+166%	1,8 k €	-99.3%	256,7 k €	-9.9%	284,9 k €	+1.5%	280,6 k €	+14359%	1,9 k €	-74.6%	7,6 k €	+4766%	156,8 €	-60.0%	392,2 €	-93.8%	6,3 k €	-78.4%	29,4 k €	-26.2%	39,8 k €	-39.5%	65,9 k €		–		6,8 k €
Debts	109,5 k €	-22.9%	142,1 k €	-34.3%	216,4 k €	-14.8%	254,1 k €	-35.0%	391,1 k €	-4.3%	408,5 k €	-2.9%	420,8 k €	-35.9%	656,8 k €	-6.4%	701,9 k €	-4.7%	736,4 k €	-11.3%	830,3 k €	+7.2%	774,4 k €	-0.2%	775,7 k €	-3.8%	806,3 k €	+262%	222,5 k €	+2.8%	216,5 k €	-18.3%	264,9 k €	-48.5%	514,8 k €	-35.6%	798,9 k €	+13.8%	702,2 k €

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 · 2 active · 6 ended

Active mandates

Frank Uyttenhove

Managing director · since 29 mai 2015 · until 31 mai 2021

Active

Frank Uyttenhove Photography

Director · since 29 mai 2015 · until 31 mai 2021 · 0425.650.648

Represented by Frank Uyttenhove

Active

Ended mandates

FRANK UYTTENHOVE

Managing director · since 28 mai 2009 · until 27 mai 2015

Ended

Frank Uyttenhove Photography

Director · since 28 mai 2009 · until 27 mai 2015 · 0425.650.648

Represented by Frank Uyttenhove

Ended

Frank Uyttenhove Photography

Director · since 28 mai 2009 · until 27 mai 2015 · 0425.650.648

Represented by FRANK UYTTENHOVE

Ended

POP ON SA

Director · since 27 mai 2005 · until 26 mai 2011 · 0466.577.324

Represented by FRANK UYTTENHOVE

Ended

At this address

Other companies at this address

Company	CBE no.
A.B.K.VINS● Active	0439.982.102
A.C.P. RESIDENCE VINCENNES● Active	0850.115.126
Advisers DEGREZ & Partners● Active	0424.562.367
ADVISERS GlOBAL● Active	0457.821.786
Advocaat Amaryllis Müller● Active	0669.616.635
AERO BELGIUM● Active	0822.425.287
A.F.O.● Active	0463.961.193
ALFA GROUP INTERNATIONAL● Active	0427.351.712
BASSHEADS BE● Active	0683.705.488
BOX - CORP● Liquidation	0445.766.864
Confédération francophone des Ligues de Santé mentale en Belgique● Liquidation	0419.020.402
CONSIM● Active	0463.579.133
DESERRANO CONSULTING● Active	1034.055.632
EUROPEAN CONSULTANCY AND LEGAL NETWORK● Active	0463.622.386
Gevura● Active	1041.907.286
HIT ET CINEMA● Active	0431.503.213
IFAPLAN - EUROPS European Office for Programme Support● Liquidation	0424.566.129
M.K.M. MANAGEMENT● Active	0467.973.035
RODEO 5● Active	0449.060.708
RUNWAY VINTAGE● Active	0719.305.775

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro 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	30/09/2025	30/08/2024	31/08/2023	12/08/2022	16/06/2021
General meeting	31/05/2026	31/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	31/05/2026	31/08/2026	Dutch	PDF
Micro model	31/12/2024	31/05/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	12/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	16/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/08/2020	27/08/2020	Dutch	PDF
Abridged model	31/12/2018	24/05/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	29/02/2016	26/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	18/08/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	30/08/2011	French	PDF
Abridged model	31/12/2009	28/05/2010	19/08/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	22/08/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	29/08/2007	French	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 · 2 active · 6 ended

Active mandates

Frank Uyttenhove

Managing director · since 29 mai 2015 · until 31 mai 2021

Active

Frank Uyttenhove Photography

Director · since 29 mai 2015 · until 31 mai 2021 · 0425.650.648

Represented by Frank Uyttenhove

Active

Ended mandates

FRANK UYTTENHOVE

Managing director · since 28 mai 2009 · until 27 mai 2015

Ended

Frank Uyttenhove Photography

Director · since 28 mai 2009 · until 27 mai 2015 · 0425.650.648

Represented by Frank Uyttenhove

Ended

Frank Uyttenhove Photography

Director · since 28 mai 2009 · until 27 mai 2015 · 0425.650.648

Represented by FRANK UYTTENHOVE

Ended

POP ON SA

Director · since 27 mai 2005 · until 26 mai 2011 · 0466.577.324

Represented by FRANK UYTTENHOVE

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office30/05/2022
MAATSCHAPPELIJKE ZETEL
PDF
Registered office02/05/2018
SIEGE SOCIAL
PDF
Mandates29/10/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates20/11/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates05/02/2009
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/12/2007
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/08/2005
DEMISSIONS, NOMINATIONS
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 20251 k €↑
2024
Annual accounts 2024-1,5 k €↑
2023
Annual accounts 2023-19,4 k €↓
2022
Annual accounts 2022185,9 k €↑
2021
Annual accounts 2021-12,7 k €↓
2020
Annual accounts 2020-10,4 k €↑
2019
Annual accounts 2019-47,1 k €↓
2018
Annual accounts 2018-22,9 k €↓
2017
Annual accounts 2017-21,9 k €↓
2016
Annual accounts 2016848,4 k €↑
2015
Annual accounts 2015-107 k €↓
2014
Annual accounts 2014-29,1 k €↓
2013
Annual accounts 2013-17,4 k €↑
2012
Annual accounts 2012-19,1 k €↓
2011
Annual accounts 2011-7,5 k €↓
2010
Annual accounts 20107 k €↓
2009
Annual accounts 200911,3 k €↓
2008
Annual accounts 2008286,1 k €↑
2007
Annual accounts 2007-17,3 k €↓
2006
Annual accounts 2006-12 k €
29/12/1988
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 GRAY

Overview

What does IMMO GRAY 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