BELGISCHE GRONDEN RESERVE
0439.974.875 · rovalta.com · 23/09/2026
ACTIVE
BELGISCHE GRONDEN RESERVE
Financial year 2025 · closed on 31/12/2025
Net result
3,4 M €
+15.9% YoY
Revenue
13 M €
+28.2% YoY
Equity
35,6 M €
+10.6% YoY
Workforce
3,8 ETP
0.0% YoY
Overview
What does BELGISCHE GRONDEN RESERVE do?
BELGISCHE GRONDEN RESERVE is a Public limited company incorporated in 1990. Its main activity is: Development of building projects. Its registered office is in Sint-Pieters-Leeuw. It employs on average 3,8 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0439.974.875
Incorporation
25/01/1990
Legal form
Public limited company
Registered office
Petrus Huysegomsstraat 6
1600 Sint-Pieters-Leeuw · FlandreSee on map
1600 Sint-Pieters-Leeuw · FlandreSee on map
Contributed capital
11 700 000,00 €
Latest accounts
31/12/2025
Average workforce
3,8 ETP
Activities (NACE)
Joint committees (2)
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 16 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||
| Revenue | 13 M € | +28.2% | 10,1 M € | -0.6% | 10,2 M € | -11.5% | 11,5 M € | -8.6% | 12,6 M € | -14.7% | 14,7 M € | +41.1% | 10,4 M € | -2.6% | 10,7 M € | +85.0% | 5,8 M € | +51.6% | 3,8 M € | -7.9% | 4,2 M € | -19.1% | 5,1 M € | +15.5% | 4,4 M € | -44.1% | 7,9 M € | +16.2% | 6,8 M € | -14.7% | 8 M € |
| EBITDA | 4,6 M € | +7.4% | 4,3 M € | -13.0% | 4,9 M € | +19.3% | 4,1 M € | -14.4% | 4,8 M € | -16.5% | 5,7 M € | +50.2% | 3,8 M € | -17.7% | 4,6 M € | +99.9% | 2,3 M € | +61.6% | 1,4 M € | -20.4% | 1,8 M € | -3.2% | 1,9 M € | +98.1% | 941,9 k € | +155% | 369,2 k € | -77.0% | 1,6 M € | -12.9% | 1,8 M € |
| Operating result | 4,8 M € | +12.2% | 4,2 M € | -15.7% | 5 M € | +22.6% | 4,1 M € | -26.4% | 5,6 M € | +7.1% | 5,2 M € | +544% | 810,3 k € | -65.0% | 2,3 M € | +159% | 895,3 k € | -36.0% | 1,4 M € | -21.1% | 1,8 M € | -3.2% | 1,8 M € | +101% | 908,7 k € | +168% | 338,5 k € | -78.6% | 1,6 M € | -13.5% | 1,8 M € |
| Net result | 3,4 M € | +15.9% | 2,9 M € | -16.8% | 3,5 M € | +19.3% | 3 M € | -30.1% | 4,2 M € | +12.8% | 3,8 M € | +2484% | -157,4 k € | -178% | 201 k € | +137% | -548,9 k € | +44.9% | -996,5 k € | -104% | -488,3 k € | -36.5% | -357,7 k € | +73.2% | -1,3 M € | +21.5% | -1,7 M € | -1129% | 165,3 k € | -72.5% | 601,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||
| Equity | 35,6 M € | +10.6% | 32,2 M € | +10.0% | 29,2 M € | +13.7% | 25,7 M € | +13.0% | 22,7 M € | +22.9% | 18,5 M € | +118% | 8,5 M € | -1.8% | 8,6 M € | +2.4% | 8,4 M € | -6.1% | 9 M € | +990% | -1 M € | -93.5% | -522,1 k € | -218% | -164,4 k € | -114% | 1,2 M € | -92.1% | 14,9 M € | +1.1% | 14,7 M € |
| Total assets | 42,4 M € | -2.8% | 43,6 M € | +7.3% | 40,6 M € | +11.7% | 36,4 M € | +18.9% | 30,6 M € | +1.4% | 30,2 M € | -29.0% | 42,5 M € | -9.1% | 46,8 M € | -12.0% | 53,1 M € | -6.5% | 56,8 M € | -2.0% | 57,9 M € | -1.9% | 59,1 M € | -3.4% | 61,2 M € | +2.2% | 59,8 M € | +4.4% | 57,3 M € | +57.7% | 36,3 M € |
| Cash | 5,4 M € | +102% | 2,7 M € | -22.8% | 3,5 M € | +19.4% | 2,9 M € | -38.3% | 4,7 M € | +68.9% | 2,8 M € | +68.0% | 1,7 M € | -11.4% | 1,9 M € | -37.2% | 3 M € | +1446% | 193,2 k € | -64.0% | 536,1 k € | -60.6% | 1,4 M € | +53.6% | 884,9 k € | +1898% | 44,3 k € | +133% | 19 k € | -99.0% | 1,9 M € |
| Debts | 5,2 M € | -47.4% | 9,8 M € | +0.3% | 9,8 M € | +8.4% | 9 M € | +46.6% | 6,2 M € | -27.5% | 8,5 M € | -73.6% | 32,1 M € | -13.0% | 37 M € | -14.4% | 43,2 M € | -7.2% | 46,5 M € | -19.9% | 58,1 M € | -1.3% | 58,9 M € | -2.6% | 60,4 M € | +4.3% | 58 M € | +38.0% | 42 M € | +97.8% | 21,2 M € |
| Other | |||||||||||||||||||||||||||||||
| Workforce | 3,8 ETP | 0.0% | 3,8 ETP | 0.0% | 3,8 ETP | -5.0% | 4,0 ETP | 0.0% | 4,0 ETP | 0.0% | 4,0 ETP | -16.7% | 4,8 ETP | -2.0% | 4,9 ETP | 0.0% | 4,9 ETP | +32.4% | 3,7 ETP | +23.3% | 3,0 ETP | 0.0% | 3,0 ETP | +7.1% | 2,8 ETP | -3.4% | 2,9 ETP | -3.3% | 3,0 ETP | -3.2% | 3,1 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 22 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 1028.292.644 | |
| 1028.593.641 | |
evillas● Active | 0894.873.696 |
PHD PROJECTS● Active | 0542.714.307 |
SeKwens - Immo● Active | 0462.631.897 |
| 1026.980.669 |
Financials
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 | 01/01/2025 | 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 | 02/07/2026 | 08/09/2025 | 04/09/2024 | 23/08/2023 | 12/10/2022 | 27/10/2021 |
| General meeting | 30/06/2026 | 29/08/2025 | 23/08/2024 | 18/08/2023 | 10/10/2022 | 15/10/2021 |
| 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 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 30/06/2026 | 02/07/2026 | Dutch | |
| Full model | 31/12/2024 | 29/08/2025 | 08/09/2025 | Dutch | |
| Full model | 31/12/2023 | 23/08/2024 | 04/09/2024 | Dutch | |
| Full model | 31/12/2022 | 18/08/2023 | 23/08/2023 | Dutch | |
| Full model | 31/12/2021 | 10/10/2022 | 12/10/2022 | Dutch | |
| Full model | 31/12/2020 | 15/10/2021 | 27/10/2021 | Dutch | |
| Full model | 31/12/2019 | 04/09/2020 | 29/09/2020 | Dutch | |
| Full model | 31/12/2018 | 21/06/2019 | 02/07/2019 | Dutch | |
| Full model | 31/12/2017 | 29/06/2018 | 03/07/2018 | Dutch | |
| Full model | 31/12/2016 | 10/07/2017 | 03/08/2017 | Dutch | |
| Full model | 31/12/2015 | 30/06/2016 | 25/07/2016 | Dutch | |
| Full model | 31/12/2014 | 30/06/2015 | 02/07/2015 | Dutch | |
| Full model | 31/12/2013 | 30/06/2014 | 29/07/2014 | Dutch | |
| Full model | 31/12/2012 | 28/06/2013 | 29/07/2013 | Dutch | |
| Full model | 31/12/2011 | 30/06/2012 | 30/07/2012 | Dutch | |
| Full model | 31/12/2010 | 27/05/2011 | 29/06/2011 | Dutch | |
| Full model | 31/12/2009 | 28/05/2010 | 22/06/2010 | Dutch | |
| Full model | 31/12/2008 | 29/05/2009 | 24/06/2009 | Dutch | |
| Full model | 31/12/2007 | 30/05/2008 | 27/06/2008 | Dutch | |
| Full model | 31/12/2006 | 25/05/2007 | 26/06/2007 | Dutch |
Valuation
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.
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 31/12/2025 · 2 active · 22 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates26/06/2025ONTSLAGEN - BENOEMINGEN
- Mandates08/05/2024ONTSLAGEN - BENOEMINGEN
- Mandates05/02/2024ONTSLAGEN - BENOEMINGEN
- Other01/08/2023DIVERSEN
- Mandates06/06/2023ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates10/05/2023ONTSLAGEN - BENOEMINGEN
- Mandates08/02/2021ONTSLAGEN - BENOEMINGEN
- Mandates16/12/2019ONTSLAGEN - BENOEMINGEN
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 20253,4 M €↑
- 03/06/2025nominationJos Briers — vaste vertegenwoordiger commissaris
- 2024Annual accounts 20242,9 M €↓
- 2023Annual accounts 20233,5 M €↑
- 18/08/2023reconductionKPMG Bedrijfsrevisoren BV — commissaris
- 2023Name changeBelgische Gronden Reserve
- 2022Annual accounts 20223 M €↓
- 2021Annual accounts 20214,2 M €↑
- 2021Name changeBELGISCHE GRONDEN RESERVE RESERVE BELGE DE TERRAINS
- 2020Annual accounts 20203,8 M €↑
- 2015Annual accounts 2015-157,4 k €↓
- 2014Annual accounts 2014201 k €↑
- 2013Annual accounts 2013-548,9 k €↑
- 2012Annual accounts 2012-996,5 k €↓
- 2011Annual accounts 2011-488,3 k €↓
- 2010Annual accounts 2010-357,7 k €↑
- 2009Annual accounts 2009-1,3 M €↑
- 2008Annual accounts 2008-1,7 M €↓
- 2007Annual accounts 2007165,3 k €↓
- 2006Annual accounts 2006601,2 k €
- 25/01/1990IncorporationPublic limited company