ACTIVE

IMMOGEMA

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Financial year 2025 · closed on 30/11/2025

Net result

170,9 k €

+60.6% YoY

Gross margin

440,1 k €

+11.6% YoY

Equity

1,3 M €

+0.5% YoY

Workforce

0,0 ETP

What does IMMOGEMA do?

IMMOGEMA is a Public limited company incorporated in 1989. Its main activity is: Development of building projects. Its registered office is in Maaseik.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.715.747

Incorporation

29/12/1989

Legal form

Public limited company

Registered office

Grote Kerkstraat 31
3680 Maaseik · FlandreSee on map

Contributed capital

734 000,00 €

Latest accounts

30/11/2025

Average workforce

0,0 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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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	440,1 k €	+11.6%	394,5 k €	+9.0%	361,9 k €	+17.9%	306,9 k €	+11.8%	274,6 k €	+18.6%	231,5 k €	+25.3%	184,8 k €	-14.2%	215,3 k €	-27.2%	295,8 k €	+13.2%	261,3 k €	+8.2%	241,5 k €	-4.5%	252,8 k €	+12.3%	225,2 k €	+10.0%	204,7 k €	+16.7%	175,4 k €	+0.2%	175,1 k €	-12.6%	200,3 k €	+67.4%	119,6 k €	+13.4%	105,5 k €	+3.9%	101,5 k €
EBITDA	406,9 k €	+23.9%	328,3 k €	+52.3%	215,5 k €	-21.8%	275,7 k €	+41.1%	195,3 k €	-2.8%	200,9 k €	+38.6%	145 k €	-16.1%	172,8 k €	-33.4%	259,4 k €	+18.4%	219 k €	+5.6%	207,4 k €	-3.1%	214,1 k €	+12.4%	190,5 k €	+9.9%	173,4 k €	+17.6%	147,5 k €	-0.2%	147,7 k €	-13.2%	170,2 k €	+147%	69 k €	-16.6%	82,8 k €	+3.7%	79,8 k €
Operating result	257,8 k €	+38.2%	186,6 k €	+153%	73,7 k €	-43.3%	130,1 k €	+88.7%	68,9 k €	-30.0%	98,5 k €	+124%	43,9 k €	-39.5%	72,6 k €	-54.4%	159,2 k €	+39.5%	114,1 k €	+4.4%	109,2 k €	+21.3%	90 k €	+29.9%	69,3 k €	+22.0%	56,8 k €	+23.7%	45,9 k €	-1.0%	46,4 k €	-40.7%	78,2 k €	+450%	-22,3 k €	-367%	8,3 k €	+35.0%	6,2 k €
Net result	170,9 k €	+60.6%	106,4 k €	+341%	24,1 k €	-62.0%	63,4 k €	+761%	7,4 k €	-75.6%	30,2 k €	+40933%	73,5 €	-99.7%	22,5 k €	-78.9%	106,8 k €	+91.1%	55,9 k €	+26.1%	44,3 k €	+45.2%	30,5 k €	+2024%	1,4 k €	+108%	-18,9 k €	-36.6%	-13,8 k €	-164%	-5,2 k €	-141%	12,9 k €	-57.7%	30,5 k €	+240%	-21,8 k €	-86.4%	-11,7 k €
Balance sheet
Equity	1,3 M €	+0.5%	1,3 M €	+9.0%	1,2 M €	+2.1%	1,2 M €	+5.8%	1,1 M €	+0.7%	1,1 M €	+2.9%	1,1 M €	+0.0%	1,1 M €	+2.2%	1 M €	+11.5%	928,1 k €	+6.4%	872,2 k €	+5.3%	828 k €	+3.8%	797,5 k €	+0.2%	796 k €	-2.3%	814,9 k €	-1.7%	828,8 k €	-0.6%	834 k €	+1.6%	821,1 k €	+3.9%	790,6 k €	-2.7%	812,5 k €
Total assets	3,3 M €	-2.7%	3,3 M €	-5.1%	3,5 M €	-2.8%	3,6 M €	-2.7%	3,7 M €	+9.1%	3,4 M €	+24.7%	2,7 M €	+14.3%	2,4 M €	-2.6%	2,5 M €	-4.0%	2,6 M €	-10.1%	2,9 M €	-3.0%	2,9 M €	-0.9%	3 M €	-4.0%	3,1 M €	+7.0%	2,9 M €	+1.1%	2,9 M €	+23.9%	2,3 M €	-5.2%	2,4 M €	+50.6%	1,6 M €	+0.4%	1,6 M €
Cash	188 k €	+230%	56,9 k €	-36.0%	89 k €	-27.7%	123,1 k €	+134%	52,6 k €	+91.3%	27,5 k €	-83.4%	165 k €	+267%	45 k €	+185%	15,8 k €	-16.7%	19 k €	-13.2%	21,9 k €	+48.4%	14,7 k €	-11.5%	16,6 k €	-23.1%	21,6 k €	-12.5%	24,7 k €	-51.9%	51,4 k €	+2412%	2 k €	-96.7%	62,7 k €	+129%	27,4 k €	-50.3%	55,2 k €
Debts	1,9 M €	-2.3%	1,9 M €	-15.8%	2,3 M €	-5.5%	2,4 M €	-7.1%	2,6 M €	+13.9%	2,3 M €	+42.9%	1,6 M €	+26.3%	1,3 M €	-7.9%	1,4 M €	-10.1%	1,5 M €	-20.3%	1,9 M €	-6.4%	2 M €	-1.2%	2,1 M €	-3.1%	2,1 M €	+5.5%	2 M €	+2.9%	2 M €	+40.5%	1,4 M €	-9.7%	1,6 M €	+96.5%	790,1 k €	+3.8%	761,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 3 active · 33 ended

Active mandates

Anna Hinoul

Director · since 04 mai 2022 · until 04 mai 2028

Active

HOGEMA

Managing director · since 04 mai 2022 · until 04 mai 2028 · 0834.778.535

Represented by Frank Geelissen

Active

Stefan Geelissen

Director · since 04 mai 2022 · until 04 mai 2028

Active

Ended mandates

ANNA HINOUL

Director · since 04 mai 2022 · until 02 mai 2028

Ended

Anna Henriette Hinoul

Director · since 03 mai 2022 · until 03 mai 2028

Ended

HOGEMA

Managing director · since 03 mai 2022 · until 03 mai 2028 · 0834.778.535

Represented by Geelissen FRANK

Ended

Stefan Geelissen

Director · since 03 mai 2022 · until 03 mai 2028

Ended

At this address

Other companies at this address

Company	CBE no.
Burgerlijke Maatschap Familie Geelissen● Active	0724.966.914
FRANGE● Active	0876.282.954
GESTE● Active	0879.230.962
HOGEMA● Active	0834.778.535

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2026	18/06/2025	25/06/2024	26/05/2023	31/05/2022	25/06/2021
General meeting	29/05/2026	31/05/2025	28/05/2024	02/05/2023	03/05/2022	04/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	29/05/2026	26/06/2026	Dutch	PDF
Abridged model	30/11/2024	31/05/2025	18/06/2025	Dutch	PDF
Abridged model	30/11/2023	28/05/2024	25/06/2024	Dutch	PDF
Abridged model	30/11/2022	02/05/2023	26/05/2023	Dutch	PDF
Abridged model	30/11/2021	03/05/2022	31/05/2022	Dutch	PDF
Abridged model	30/11/2020	04/05/2021	25/06/2021	Dutch	PDF
Micro model	30/11/2019	05/05/2020	12/06/2020	Dutch	PDF
Micro model	30/11/2018	07/05/2019	27/05/2019	Dutch	PDF
Micro model	30/11/2017	02/05/2018	29/05/2018	Dutch	PDF
Abridged model	30/11/2016	02/05/2017	03/07/2017	Dutch	PDF
Abridged model	30/11/2015	03/05/2016	27/06/2016	Dutch	PDF
Abridged model	30/11/2014	05/05/2015	12/05/2015	Dutch	PDF
Abridged model	30/11/2013	06/05/2014	18/07/2014	Dutch	PDF
Abridged model	30/11/2012	07/05/2013	24/06/2013	Dutch	PDF
Abridged model	30/11/2011	02/05/2012	26/06/2012	Dutch	PDF
Abridged model	30/11/2010	03/05/2011	29/06/2011	Dutch	PDF
Abridged model	30/11/2009	04/05/2010	08/06/2010	Dutch	PDF
Abridged model	30/11/2008	05/05/2009	29/06/2009	Dutch	PDF
Abridged model	30/11/2007	06/05/2008	24/06/2008	Dutch	PDF
Abridged model	30/11/2006	02/05/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 30/11/2025 · 3 active · 33 ended

Active mandates

Anna Hinoul

Director · since 04 mai 2022 · until 04 mai 2028

Active

HOGEMA

Managing director · since 04 mai 2022 · until 04 mai 2028 · 0834.778.535

Represented by Frank Geelissen

Active

Stefan Geelissen

Director · since 04 mai 2022 · until 04 mai 2028

Active

Ended mandates

ANNA HINOUL

Director · since 04 mai 2022 · until 02 mai 2028

Ended

Anna Henriette Hinoul

Director · since 03 mai 2022 · until 03 mai 2028

Ended

HOGEMA

Managing director · since 03 mai 2022 · until 03 mai 2028 · 0834.778.535

Represented by Geelissen FRANK

Ended

Stefan Geelissen

Director · since 03 mai 2022 · until 03 mai 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other26/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/01/2011
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/03/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2005
BOEKJAAR - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025170,9 k €↑
2024
Annual accounts 2024106,4 k €↑
2023
Annual accounts 202324,1 k €↓
2022
Annual accounts 202263,4 k €↑
2021
Annual accounts 20217,4 k €↓
2020
Annual accounts 202030,2 k €↑
2019
Annual accounts 201973,5 €↓
2018
Annual accounts 201822,5 k €↓
2017
Annual accounts 2017106,8 k €↑
2016
Annual accounts 201655,9 k €↑
2015
Annual accounts 201544,3 k €↑
2014
Annual accounts 201430,5 k €↑
2013
Annual accounts 20131,4 k €↑
2012
Annual accounts 2012-18,9 k €↓
2011
Annual accounts 2011-13,8 k €↓
2010
Annual accounts 2010-5,2 k €↓
2009
Annual accounts 200912,9 k €↓
2008
Annual accounts 200830,5 k €↑
2007
Annual accounts 2007-21,8 k €↓
2006
Annual accounts 2006-11,7 k €
29/12/1989
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

IMMOGEMA

Overview

What does IMMOGEMA 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