ACTIVE

ROYAL IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

12,2 k €

-56.7% YoY

Gross margin

381,9 k €

+9.2% YoY

Equity

467,9 k €

+2.7% YoY

Workforce

2,6 ETP

0.0% YoY

What does ROYAL IMMO do?

ROYAL IMMO is a Public limited company incorporated in 1989. Its main activity is: Construction of buildings. Its registered office is in Namur. It employs on average 2,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.003.993

Incorporation

14/07/1989

Legal form

Public limited company

Registered office

Chaussée de Louvain(BU) 375
5004 Namur · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

2,6 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 41001Construction of buildings 41201Construction of residential and non-residential buildings+2

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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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	381,9 k €	+9.2%	349,9 k €	-7.7%	378,8 k €	+1.7%	372,5 k €	-6.1%	396,9 k €	+2.0%	389,1 k €	+15.9%	335,8 k €	+11.8%	300,3 k €	-6.8%	322,2 k €	-8.5%	352,1 k €	+23.9%	284,1 k €	-0.4%	285,2 k €	+4.0%	274,2 k €	-2.0%	279,7 k €	-9.3%	308,2 k €	-1.6%	313,3 k €	+1.0%	310,1 k €	+14.8%	270,2 k €	-7.1%	290,8 k €	+13.5%	256,3 k €
EBITDA	167,6 k €	-4.9%	176,2 k €	-25.1%	235,2 k €	-0.7%	236,9 k €	-8.3%	258,3 k €	-4.3%	270 k €	+26.1%	214,1 k €	-1.1%	216,5 k €	-12.3%	246,9 k €	-10.3%	275,1 k €	+11.8%	246 k €	-1.7%	250,4 k €	+10.3%	226,9 k €	-12.9%	260,4 k €	-9.4%	287,4 k €	-0.4%	288,5 k €	+7.9%	267,2 k €	+11.4%	239,9 k €	-9.6%	265,2 k €	+14.3%	232,1 k €
Operating result	13,5 k €	-59.4%	33,3 k €	-55.0%	74 k €	+114%	34,6 k €	-46.3%	64,4 k €	-31.3%	93,8 k €	+695%	11,8 k €	-35.3%	18,2 k €	-65.3%	52,5 k €	-42.1%	90,7 k €	+16.1%	78,1 k €	-11.2%	88 k €	+29.8%	67,8 k €	-29.5%	96,1 k €	-14.7%	112,7 k €	-7.4%	121,7 k €	+2.7%	118,6 k €	+38.1%	85,9 k €	-37.2%	136,7 k €	+9.8%	124,5 k €
Net result	12,2 k €	-56.7%	28,3 k €	-55.4%	63,4 k €	+180%	22,7 k €	-57.8%	53,7 k €	-39.5%	88,8 k €	+1225%	6,7 k €	+116%	3,1 k €	-84.4%	19,9 k €	-43.8%	35,4 k €	+82.2%	19,4 k €	+1.4%	19,2 k €	+18.9%	16,1 k €	+77.0%	9,1 k €	-42.0%	15,7 k €	-34.8%	24,1 k €	-35.3%	37,2 k €	+664%	-6,6 k €	-119%	34,3 k €	-4.1%	35,7 k €
Balance sheet
Equity	467,9 k €	+2.7%	455,7 k €	+6.6%	427,4 k €	-27.4%	589 k €	+4.0%	566,4 k €	+10.5%	512,7 k €	+21.0%	423,8 k €	+1.6%	417,1 k €	+0.8%	414 k €	+5.1%	394,1 k €	+9.9%	358,7 k €	+5.7%	339,2 k €	+6.0%	320,1 k €	-2.7%	328,9 k €	+2.8%	319,8 k €	+5.2%	304,1 k €	+8.6%	280,1 k €	+15.3%	242,8 k €	-2.6%	249,4 k €	+15.9%	215,2 k €
Total assets	2,1 M €	+4.5%	2 M €	+4.0%	1,9 M €	-14.3%	2,3 M €	+0.2%	2,3 M €	-2.6%	2,3 M €	+4.3%	2,2 M €	-0.8%	2,2 M €	-0.1%	2,2 M €	-2.4%	2,3 M €	-3.5%	2,4 M €	-4.5%	2,5 M €	-4.0%	2,6 M €	-0.3%	2,6 M €	-7.8%	2,8 M €	-0.3%	2,8 M €	+7.9%	2,6 M €	-2.0%	2,7 M €	+8.2%	2,5 M €	+15.7%	2,1 M €
Cash	61,4 k €	+15.5%	53,2 k €	-3.3%	55 k €	-13.3%	63,4 k €	-10.1%	70,6 k €	+111%	33,5 k €	+360%	7,3 k €	-78.0%	33,1 k €	+99.6%	16,6 k €	-36.9%	26,3 k €	-9.5%	29 k €	-21.9%	37,1 k €	+38.9%	26,7 k €	-73.4%	100,7 k €	-49.1%	197,9 k €	-8.6%	216,5 k €	+92.5%	112,5 k €	+339%	25,6 k €	-85.9%	181,7 k €	+49.5%	121,6 k €
Debts	1,6 M €	+5.8%	1,6 M €	+4.1%	1,5 M €	-9.8%	1,7 M €	-1.7%	1,7 M €	-6.4%	1,8 M €	-0.2%	1,8 M €	-0.4%	1,8 M €	-0.7%	1,8 M €	-3.9%	1,9 M €	-5.4%	2 M €	-6.2%	2,1 M €	-5.4%	2,3 M €	-0.3%	2,3 M €	-8.6%	2,5 M €	-0.1%	2,5 M €	+8.4%	2,3 M €	-4.3%	2,4 M €	+9.6%	2,2 M €	+15.4%	1,9 M €
Other
Workforce	2,6 ETP	0.0%	2,6 ETP	+30.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+66.7%	1,2 ETP	+20.0%	1,0 ETP	+11.1%	0,9 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 9 ended

Active mandates

Fabienne ROSIERE

Director · since 11 avril 2023

Active

Ludovic DERMIENCE

Director · since 11 avril 2023

Active

Stéphane DERMIENCE

Managing director · since 11 avril 2023

Active

Ended mandates

Fabienne ROSIERE

Director · until 01 juin 2016

Ended

Fabienne ROSIERE

Director · until 01 juin 2022

Ended

Nicole GENOT

Director · until 01 juin 2016

Ended

Nicole GENOT

Director · until 01 juin 2022

Ended

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	27/08/2026	27/08/2025	23/08/2024	25/08/2023	27/07/2022	28/09/2021
General meeting	25/08/2026	25/08/2025	31/07/2024	23/08/2023	26/07/2022	24/09/2021
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	25/08/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	25/08/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	31/07/2024	23/08/2024	French	PDF
Abridged model	31/12/2022	23/08/2023	25/08/2023	French	PDF
Abridged model	31/12/2021	26/07/2022	27/07/2022	French	PDF
Abridged model	31/12/2020	24/09/2021	28/09/2021	French	PDF
Abridged model	31/12/2019	31/07/2020	04/08/2020	French	PDF
Abridged model	31/12/2018	19/07/2019	29/07/2019	French	PDF
Abridged model	31/12/2017	31/07/2018	01/08/2018	French	PDF
Abridged model	31/12/2016	27/07/2017	01/08/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	02/08/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	07/08/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	24/07/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	31/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 3 active · 9 ended

Active mandates

Fabienne ROSIERE

Director · since 11 avril 2023

Active

Ludovic DERMIENCE

Director · since 11 avril 2023

Active

Stéphane DERMIENCE

Managing director · since 11 avril 2023

Active

Ended mandates

Fabienne ROSIERE

Director · until 01 juin 2016

Ended

Fabienne ROSIERE

Director · until 01 juin 2022

Ended

Nicole GENOT

Director · until 01 juin 2016

Ended

Nicole GENOT

Director · until 01 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/04/2023
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates27/10/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/01/2014
CAPITAL, ACTIONS
PDF
Mandates27/01/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2004
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 202512,2 k €↓
2024
Annual accounts 202428,3 k €↓
2023
Annual accounts 202363,4 k €↑
2022
Annual accounts 202222,7 k €↓
2021
Annual accounts 202153,7 k €↓
2020
Annual accounts 202088,8 k €↑
2019
Annual accounts 20196,7 k €↑
2018
Annual accounts 20183,1 k €↓
2017
Annual accounts 201719,9 k €↓
2016
Annual accounts 201635,4 k €↑
2015
Annual accounts 201519,4 k €↑
2014
Annual accounts 201419,2 k €↑
2013
Annual accounts 201316,1 k €↑
2012
Annual accounts 20129,1 k €↓
2011
Annual accounts 201115,7 k €↓
2010
Annual accounts 201024,1 k €↓
2009
Annual accounts 200937,2 k €↑
2008
Annual accounts 2008-6,6 k €↓
2007
Annual accounts 200734,3 k €↓
2006
Annual accounts 200635,7 k €
14/07/1989
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

ROYAL IMMO

Overview

What does ROYAL IMMO do?

Trend over 20 financial years

Indicative valuation

Board of directors

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