REAL FUNDS DEVELOPMENTS
0439.314.978 · rovalta.com · 23/09/2026
ACTIVE
REAL FUNDS DEVELOPMENTS
Financial year 2025 · closed on 30/04/2025
Net result
44,2 k €
-35.5% YoY
Gross margin
-21,8 k €
-21.3% YoY
Equity
3,6 M €
+1.2% YoY
Workforce
0,0 ETP
Overview
What does REAL FUNDS DEVELOPMENTS do?
REAL FUNDS DEVELOPMENTS is a Public limited company incorporated in 1989. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Charleroi.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0439.314.978
Incorporation
22/12/1989
Legal form
Public limited company
Registered office
Rue Antoine de Saint-Exupéry 14
6041 Charleroi · WallonieSee on map
6041 Charleroi · WallonieSee on map
Contributed capital
62 000,00 €
Latest accounts
30/04/2025
Average workforce
0,0 ETP
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | -21,8 k € | -21.3% | -18 k € | -54.0% | -11,7 k € | +1.6% | -11,8 k € | +35.7% | -18,4 k € | -58.2% | -11,6 k € | +4.0% | -12,1 k € | +16.1% | -14,5 k € | -414% | 4,6 k € | -95.0% | 91,5 k € | +12.5% | 81,3 k € | +161% | 31,1 k € | -59.3% | 76,5 k € | +147% | 31 k € | -60.7% | 78,9 k € | +22.2% | 64,5 k € | +256% | 18,1 k € | -76.1% | 75,8 k € |
| EBITDA | -23,3 k € | -22.2% | -19,1 k € | -52.3% | -12,5 k € | +1.5% | -12,7 k € | +34.1% | -19,3 k € | -54.2% | -12,5 k € | +3.9% | -13 k € | +15.1% | -15,3 k € | -300% | -3,8 k € | -105% | 83,1 k € | +12.9% | 73,6 k € | +214% | 23,4 k € | -66.3% | 69,4 k € | +189% | 24 k € | -65.5% | 69,7 k € | +36.4% | 51,1 k € | +841% | 5,4 k € | -91.3% | 62,2 k € |
| Operating result | -23,3 k € | -22.2% | -19,1 k € | -52.3% | -12,5 k € | +1.5% | -12,7 k € | +34.1% | -19,3 k € | -54.2% | -12,5 k € | +3.9% | -13 k € | +15.1% | -15,3 k € | -300% | -3,8 k € | -105% | 83,1 k € | +12.9% | 73,6 k € | +214% | 23,4 k € | -66.3% | 69,4 k € | +189% | 24 k € | -65.5% | 69,7 k € | +36.4% | 51,1 k € | +841% | 5,4 k € | -81.3% | 29,1 k € |
| Net result | 44,2 k € | -35.5% | 68,6 k € | +1030% | -7,4 k € | +72.5% | -26,8 k € | -242% | 18,9 k € | -60.6% | 48 k € | +144% | -108,7 k € | -766% | 16,3 k € | -99.0% | 1,6 M € | +1517% | 96,3 k € | +0.9% | 95,4 k € | -1.4% | 96,8 k € | -11.7% | 109,6 k € | +131% | 47,5 k € | -56.3% | 108,6 k € | +2.0% | 106,5 k € | -86.6% | 796,3 k € | +564674% | 141 € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 3,6 M € | +1.2% | 3,6 M € | -2.2% | 3,7 M € | -0.2% | 3,7 M € | -4.6% | 3,8 M € | -1.1% | 3,9 M € | +1.2% | 3,8 M € | -2.8% | 3,9 M € | +0.4% | 3,9 M € | +65.5% | 2,4 M € | +4.2% | 2,3 M € | +4.4% | 2,2 M € | +4.6% | 2,1 M € | +5.5% | 2 M € | +2.5% | 1,9 M € | +6.0% | 1,8 M € | +6.2% | 1,7 M € | +86.6% | 919,5 k € |
| Total assets | 3,6 M € | -3.7% | 3,8 M € | +2.2% | 3,7 M € | -4.3% | 3,8 M € | -0.4% | 3,9 M € | -2.1% | 3,9 M € | -15.3% | 4,7 M € | -1.6% | 4,7 M € | +0.4% | 4,7 M € | +86.1% | 2,5 M € | +9.3% | 2,3 M € | +2.7% | 2,3 M € | +1.8% | 2,2 M € | +9.0% | 2 M € | -0.0% | 2 M € | +3.7% | 2 M € | +14.2% | 1,7 M € | +49.4% | 1,2 M € |
| Cash | 177,6 k € | -14.5% | 207,8 k € | +206% | 68 k € | -98.2% | 3,7 M € | -1.0% | 3,7 M € | -2.2% | 3,8 M € | -1.2% | 3,9 M € | -0.1% | 3,9 M € | +4.6% | 3,7 M € | +115% | 1,7 M € | +14.4% | 1,5 M € | +28.2% | 1,2 M € | +7.1% | 1,1 M € | +3171% | 33,5 k € | -62.8% | 90 k € | -76.7% | 385,7 k € | +526% | 61,6 k € | -35.7% | 95,8 k € |
| Debts | 1,7 k € | -99.0% | 164,7 k € | +10820% | 1,5 k € | -99.0% | 158,4 k € | +13239% | 1,2 k € | -64.2% | 3,3 k € | -1.8% | 3,4 k € | +53.2% | 2,2 k € | -3.9% | 2,3 k € | -86.5% | 16,9 k € | -36.9% | 26,8 k € | +105% | 13,1 k € | -42.2% | 22,6 k € | -45.4% | 41,4 k € | +157% | 16,1 k € | -22.4% | 20,8 k € | +1665% | 1,2 k € | -99.4% | 190 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | |||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 30/04/2025 · 4 active · 27 ended
Active mandates
Cédric Boitte
ActiveBéatrice Marie LAJUGIE
ActiveMichel GENART
ActivePatrick Boccard
ActiveEnded mandates
Florence BOCCARD
EndedPatrick BOCCARD
EndedPaul CHARLIER
EndedFlorence BOCCARD
EndedAt this address
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EHFV BELGIUM● Active | 1021.205.013 |
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Micro model | Abridged model |
| Start of the financial year | 01/05/2024 | 01/05/2023 | 01/05/2022 | 01/05/2021 | 01/05/2020 | 01/05/2019 |
| Closing of the financial year | 30/04/2025 | 30/04/2024 | 30/04/2023 | 30/04/2022 | 30/04/2021 | 30/04/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 22/10/2025 | 23/10/2024 | 08/02/2024 | 17/11/2022 | 15/11/2021 | 06/01/2021 |
| General meeting | 07/10/2025 | 04/10/2024 | 06/10/2023 | 07/10/2022 | 14/10/2021 | 24/12/2020 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 30/04/2025 | 07/10/2025 | 22/10/2025 | French | |
| Abridged model | 30/04/2024 | 04/10/2024 | 23/10/2024 | French | |
| Abridged model | 30/04/2023 | 06/10/2023 | 08/02/2024 | French | |
| Abridged model | 30/04/2022 | 07/10/2022 | 17/11/2022 | French | |
| Micro model | 30/04/2021 | 14/10/2021 | 15/11/2021 | French | |
| Abridged model | 30/04/2020 | 24/12/2020 | 06/01/2021 | French | |
| Abridged model | 30/04/2019 | 11/10/2019 | 25/11/2019 | French | |
| Abridged model | 30/04/2018 | 09/10/2018 | 15/10/2018 | French | |
| Abridged model | 30/04/2017 | 20/12/2017 | 29/12/2017 | French | |
| Abridged modelCorrection | 30/04/2016 | 07/10/2016 | 28/04/2017 | French | |
| Abridged model | 30/04/2016 | 07/10/2016 | 12/10/2016 | French | |
| Abridged model | 30/04/2015 | 23/10/2015 | 27/10/2015 | French | |
| Abridged model | 30/04/2014 | 03/10/2014 | 06/10/2014 | French | |
| Abridged model | 30/04/2013 | 04/10/2013 | 09/10/2013 | French | |
| Abridged model | 30/04/2012 | 04/10/2012 | 05/10/2012 | French | |
| Abridged model | 30/04/2011 | 07/10/2011 | 07/11/2011 | French | |
| Abridged model | 30/04/2010 | 28/01/2011 | 31/01/2011 | French | |
| Abridged model | 30/04/2009 | 02/10/2009 | 20/11/2009 | French | |
| Abridged model | 30/04/2008 | 03/10/2008 | 13/11/2008 | French | |
| Abridged model | 30/04/2007 | 05/10/2007 | 16/11/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/04/2025 · 4 active · 27 ended
Active mandates
Cédric Boitte
ActiveBéatrice Marie LAJUGIE
ActiveMichel GENART
ActivePatrick Boccard
ActiveEnded mandates
Florence BOCCARD
EndedPatrick BOCCARD
EndedPaul CHARLIER
EndedFlorence BOCCARD
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates28/10/2025DEMISSIONS, NOMINATIONS
- Mandates09/05/2025DEMISSIONS, NOMINATIONS
- Other22/10/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Registered office10/09/2024SIEGE SOCIAL
- Mandates02/09/2024DEMISSIONS, NOMINATIONS
- Mandates27/01/2022DEMISSIONS, NOMINATIONS
- Mandates22/12/2015DEMISSIONS, NOMINATIONS
- Mandates18/02/2011SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202544,2 k €↓
- 2024Annual accounts 202468,6 k €↑
- 2023Annual accounts 2023-7,4 k €↑
- 2022Annual accounts 2022-26,8 k €↓
- 2021Annual accounts 202118,9 k €↓
- 2019Annual accounts 201948 k €↑
- 2018Annual accounts 2018-108,7 k €↓
- 2017Annual accounts 201716,3 k €↓
- 2016Annual accounts 20161,6 M €↑
- 2015Annual accounts 201596,3 k €↑
- 2014Annual accounts 201495,4 k €↓
- 2013Annual accounts 201396,8 k €↓
- 2012Annual accounts 2012109,6 k €↑
- 2011Annual accounts 201147,5 k €↓
- 2010Annual accounts 2010108,6 k €↑
- 2009Annual accounts 2009106,5 k €↓
- 2008Annual accounts 2008796,3 k €↑
- 2007Annual accounts 2007141 €
- 22/12/1989IncorporationPublic limited company