ACTIVE

LA CITY

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Financial year 2025 · closed on 30/09/2025

Net result

2,6 M €

-3.0% YoY

Revenue

6,9 M €

+15.0% YoY

Equity

19,5 M €

-21.7% YoY

What does LA CITY do?

LA CITY is a Public limited company incorporated in 1989. Its main activity is: Real estate agencies. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.721.982

Incorporation

28/12/1989

Legal form

Public limited company

Registered office

Avenue Marnix 23,5è et.
1000 Bruxelles · BruxellesSee on map

Contributed capital

15 600 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70311Activities of head offices; management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	6,9 M €	+15.0%	6 M €	+93.4%	3,1 M €	-53.8%	6,7 M €	+11.9%	6 M €	+2.8%	5,8 M €	+11.8%	5,2 M €	-6.0%	5,5 M €	+1.8%	5,4 M €	+0.3%	5,4 M €	+1.7%	5,3 M €	+3.3%	5,2 M €	+37.7%	3,7 M €	+103439%	3,6 k €	-100.0%	10,1 M €	+30.0%	7,8 M €
EBITDA	6,7 M €	+14.7%	5,8 M €	+1685%	327 k €	-95.0%	6,5 M €	+13.1%	5,7 M €	+2.2%	5,6 M €	+16.8%	4,8 M €	-14.7%	5,6 M €	+8.0%	5,2 M €	-0.0%	5,2 M €	+1.1%	5,2 M €	+6.1%	4,9 M €	+75.4%	2,8 M €	+302%	-1,4 M €	-119%	7,2 M €	-1.1%	7,3 M €
Operating result	3,9 M €	+25.3%	3,1 M €	+245%	-2,1 M €	-151%	4,2 M €	+19.8%	3,5 M €	+2.4%	3,4 M €	+29.6%	2,6 M €	-24.1%	3,4 M €	+13.8%	3 M €	-0.0%	3 M €	+1.7%	3 M €	+11.0%	2,7 M €	+312%	651 k €	+120%	-3,3 M €	-164%	5,2 M €	-1.4%	5,3 M €
Net result	2,6 M €	-3.0%	2,7 M €	+233%	-2 M €	-172%	2,8 M €	+24.1%	2,2 M €	+10.7%	2 M €	+25.9%	1,6 M €	-43.7%	2,9 M €	+5.5%	2,7 M €	+40.5%	1,9 M €	+2.6%	1,9 M €	+43.5%	1,3 M €	+182%	-1,6 M €	+60.4%	-4,1 M €	-244%	2,8 M €	+18.9%	2,4 M €
Balance sheet
Equity	19,5 M €	-21.7%	24,9 M €	+12.0%	22,3 M €	-8.3%	24,3 M €	-34.4%	37 M €	+6.5%	34,8 M €	+6.2%	32,8 M €	+5.2%	31,1 M €	+10.1%	28,3 M €	+10.6%	25,6 M €	+8.2%	23,6 M €	+8.7%	21,7 M €	+6.4%	20,4 M €	-7.3%	22 M €	-15.6%	26,1 M €	+12.1%	23,3 M €
Total assets	45 M €	-7.6%	48,6 M €	+3.9%	46,8 M €	-31.9%	68,7 M €	+13.0%	60,8 M €	+4.5%	58,2 M €	-7.4%	62,9 M €	+3.5%	60,8 M €	-4.0%	63,3 M €	-32.0%	93,1 M €	+3.3%	90 M €	+0.9%	89,3 M €	-3.8%	92,8 M €	+4.9%	88,4 M €	-9.1%	97,3 M €	+2.4%	95,1 M €
Cash	10,9 M €	+18.5%	9,2 M €	+57.3%	5,8 M €	-52.6%	12,3 M €	-29.9%	17,6 M €	+36.4%	12,9 M €	+2.5%	12,6 M €	+22.7%	10,2 M €	+13.6%	9 M €	-75.3%	36,5 M €	+855%	3,8 M €	-85.6%	26,5 M €	+361%	5,7 M €	+765%	664,3 k €	+81.1%	366,7 k €	+127%	161,7 k €
Debts	22,5 M €	+7.3%	21 M €	-5.4%	22,2 M €	-46.6%	41,6 M €	+95.1%	21,3 M €	+1.5%	21 M €	-24.5%	27,8 M €	+1.7%	27,3 M €	-21.6%	34,9 M €	-47.8%	66,9 M €	+1.6%	65,8 M €	-1.6%	66,8 M €	-7.0%	71,9 M €	+8.3%	66,3 M €	-3.8%	68,9 M €	+4.2%	66,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 32 ended

Active mandates

Joachim Schnabel

Director · since 01 juillet 2024 · until 27 février 2030

Active

Christophe Tans

Director · since 22 février 2023 · until 25 février 2026

Active

Irène Florescu

Director · since 22 février 2023 · until 25 février 2026

Active

Ended mandates

Ekkehard Malun

Director · since 22 février 2023 · until 01 juillet 2024

Ended

Ekkehard Malun

Director · since 22 février 2023 · until 25 février 2026

Ended

Christophe Tans

Director · since 01 mai 2020 · until 22 février 2023

Ended

Florescu Irène

Director · since 01 mai 2020 · until 22 février 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/02/2026	20/03/2025	05/03/2024	28/02/2023	01/03/2022	05/03/2021
General meeting	11/02/2026	26/02/2025	28/02/2024	22/02/2023	23/02/2022	24/02/2021
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
Full model	30/09/2025	11/02/2026	19/02/2026	French	PDF
Full model	30/09/2024	26/02/2025	20/03/2025	French	PDF
Full model	30/09/2023	28/02/2024	05/03/2024	French	PDF
Full model	30/09/2022	22/02/2023	28/02/2023	French	PDF
Full model	30/09/2021	23/02/2022	01/03/2022	French	PDF
Full model	30/09/2020	24/02/2021	05/03/2021	French	PDF
Full model	30/09/2019	26/02/2020	03/03/2020	French	PDF
Full model	30/09/2018	27/02/2019	05/03/2019	French	PDF
Full model	30/09/2017	28/02/2018	13/03/2018	French	PDF
Full model	30/09/2016	22/02/2017	03/03/2017	French	PDF
Full model	30/09/2015	11/12/2015	16/12/2015	French	PDF
Full model	30/09/2014	25/02/2015	11/03/2015	French	PDF
Full model	30/09/2013	26/02/2014	11/03/2014	French	PDF
Full model	30/09/2012	27/02/2013	23/04/2013	French	PDF
Full model	30/09/2011	29/02/2012	16/04/2012	French	PDF
Full model	30/09/2010	23/02/2011	17/03/2011	French	PDF
Full model	30/09/2009	24/02/2010	02/03/2010	French	PDF
Full model	30/09/2008	25/02/2009	05/03/2009	French	PDF
Full model	30/09/2007	27/02/2008	14/03/2008	French	PDF
Full model	30/09/2006	28/02/2007	02/04/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 30/09/2025 · 3 active · 32 ended

Active mandates

Joachim Schnabel

Director · since 01 juillet 2024 · until 27 février 2030

Active

Christophe Tans

Director · since 22 février 2023 · until 25 février 2026

Active

Irène Florescu

Director · since 22 février 2023 · until 25 février 2026

Active

Ended mandates

Ekkehard Malun

Director · since 22 février 2023 · until 01 juillet 2024

Ended

Ekkehard Malun

Director · since 22 février 2023 · until 25 février 2026

Ended

Christophe Tans

Director · since 01 mai 2020 · until 22 février 2023

Ended

Florescu Irène

Director · since 01 mai 2020 · until 22 février 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates30/06/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office08/05/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL
PDF
Mandates25/03/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2019
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

25/02/2026
reconductionIrène Florescu — administrateur
25/02/2026
reconductionChristophe Tans — administrateur
2025
Annual accounts 20252,6 M €↓
2024
Annual accounts 20242,7 M €↑
01/07/2024
nominationJoachim Josef Schnabel — administrateur
2023
Annual accounts 2023-2 M €↓
2022
Annual accounts 20222,8 M €↑
01/07/2022
nominationBE Audit — commissaire
01/07/2022
nominationAmaury Stas de Richelle — représentant permanent de BE Audit SRL pour l'exécution du Mandat de commissaire
2019
Annual accounts 20192,2 M €↑
2018
Annual accounts 20182 M €↑
2017
Annual accounts 20171,6 M €↓
2016
Annual accounts 20162,9 M €↑
2015
Annual accounts 20152,7 M €↑
2014
Annual accounts 20141,9 M €↑
2013
Annual accounts 20131,9 M €↑
2012
Annual accounts 20121,3 M €↑
2011
Annual accounts 2011-1,6 M €↑
2010
Annual accounts 2010-4,1 M €↓
2009
Annual accounts 20092,8 M €↑
2008
Annual accounts 20082,4 M €
28/12/1989
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

LA CITY

Overview

What does LA CITY do?

Trend over 16 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