ACTIVE

IMMO W.

Financial year 2025 · closed on 31/12/2025
Net result
192,1 k €
+6.4% YoY
Gross margin
170,7 k €
-35.6% YoY
Equity
19,1 M €
+1.0% YoY

What does IMMO W. do?

IMMO W. is a Public limited company incorporated in 1990. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0440.498.180
Incorporation
31/03/1990
Legal form
Public limited company
Registered office
Stapelplein 70
9000 Gent · FlandreSee on map
Contributed capital
10 733 802,71 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202320222020201920182017201520142013201220112010200920082007
Income statement
Gross margin170,7 k €264,9 k €156,5 k €173,5 k €62,3 k €-29,9 k €4,3 M €-16 k €-2,3 k €-15,4 k €-43,7 k €-29,6 k €-42,3 k €1,3 k €-4,5 k €-4,8 k €-57,1 k €-27,3 k €
EBITDA151,8 k €-86 k €137,5 k €166 k €44,3 k €-59,9 k €4,3 M €-21,1 k €-12,3 k €-88,8 k €-586,5 k €-132,6 k €-128,2 k €-108,5 k €-89,2 k €-86,5 k €-136 k €-68,1 k €
Operating result21 k €-216,8 k €27,9 k €-168,1 k €-16,9 k €-110 k €4,3 M €-52,6 k €-43 k €-119,3 k €-157,1 k €-150,3 k €-145,9 k €-134,1 k €-117,4 k €-119,6 k €-217 k €-141,2 k €
Net result192,1 k €180,5 k €413,4 k €160,2 k €-72,7 k €148,4 k €3,2 M €102,7 k €109 k €26,6 k €-62,3 k €148,7 k €6 M €-1,5 M €-422,6 k €-318,6 k €-398,6 k €204,6 k €
Balance sheet
Equity19,1 M €18,9 M €18,7 M €18,3 M €18,1 M €11 M €10,8 M €7,6 M €7,5 M €4,3 M €4,3 M €4,3 M €4,2 M €-1,7 M €-132,5 k €290,1 k €608,7 k €1 M €
Total assets24,5 M €24 M €23,3 M €21,4 M €21,1 M €13,7 M €12,5 M €8,2 M €8,1 M €8 M €8 M €7,6 M €7,4 M €2 M €3,8 M €3,9 M €4 M €4 M €
Cash23,8 k €25,6 k €5,7 k €10,1 k €1 M €6,5 k €467,5 k €1,3 k €12,2 k €11,8 k €12,5 k €15,3 k €4,6 M €3,2 k €1 k €2,8 k €875 €911 €
Debts4,6 M €4,2 M €3,6 M €2,1 M €1,9 M €1,4 M €359,2 k €441,6 k €451,7 k €519,2 k €536,3 k €43,1 k €67,7 k €3,6 M €3,9 M €3,6 M €3,3 M €3 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Filip Bultinck

Managing director · since 29 novembre 2023 · until 29 novembre 2029

Active
Urbain Bultinck

Director · since 29 novembre 2023 · until 29 novembre 2029

Active

Ended mandates

Jaime Van Dievoet

Director · since 29 novembre 2023 · until 29 novembre 2029

Ended
Emapa

Director · since 14 juin 2021 · until 14 juin 2027 · 0898.302.350

Represented by Vernelen STEVE

Ended
Filip Bultinck

Director · since 09 décembre 2020 · until 09 décembre 2026

Ended
KL-Consulting

Director · since 09 décembre 2020 · until 09 décembre 2026 · 0758.514.660

Represented by Lefebvre Kristof

Ended
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Annual accounts

Full financial information

202520242023202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/12/202431/12/202331/03/202331/03/202231/03/2021
Length of the financial year12 months12 months9 months12 months12 months12 months
Filing date04/06/202627/05/202530/04/202420/10/202309/11/202231/08/2021
General meeting18/05/202629/04/202530/04/202430/09/202325/10/202227/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202518/05/202604/06/2026DutchPDF
Abridged model31/12/202429/04/202527/05/2025DutchPDF
Abridged model31/12/202330/04/202430/04/2024DutchPDF
Abridged model31/03/202330/09/202320/10/2023DutchPDF
Abridged model31/03/202225/10/202209/11/2022DutchPDF
Abridged model31/03/202127/08/202131/08/2021DutchPDF
Abridged model31/03/202030/06/202010/08/2020DutchPDF
Abridged model31/03/201911/09/201916/09/2019DutchPDF
Abridged model31/03/201812/09/201826/09/2018DutchPDF
Abridged model31/03/201713/09/201719/10/2017DutchPDF
Abridged model31/03/201614/09/201618/11/2016DutchPDF
Abridged model31/03/201509/09/201528/09/2015DutchPDF
Abridged model31/03/201410/09/201430/09/2014DutchPDF
Abridged model31/03/201311/09/201317/09/2013DutchPDF
Abridged model31/03/201212/09/201203/10/2012DutchPDF
Abridged model31/03/201114/09/201129/11/2011DutchPDF
Abridged model31/03/201008/09/201026/10/2010DutchPDF
Abridged model31/03/200909/09/200908/10/2009DutchPDF
Abridged model31/03/200810/09/200830/09/2008DutchPDF
Abridged model31/03/200712/09/200721/09/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 24 ended

Active mandates

Filip Bultinck

Managing director · since 29 novembre 2023 · until 29 novembre 2029

Active
Urbain Bultinck

Director · since 29 novembre 2023 · until 29 novembre 2029

Active

Ended mandates

Jaime Van Dievoet

Director · since 29 novembre 2023 · until 29 novembre 2029

Ended
Emapa

Director · since 14 juin 2021 · until 14 juin 2027 · 0898.302.350

Represented by Vernelen STEVE

Ended
Filip Bultinck

Director · since 09 décembre 2020 · until 09 décembre 2026

Ended
KL-Consulting

Director · since 09 décembre 2020 · until 09 décembre 2026 · 0758.514.660

Represented by Lefebvre Kristof

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates23/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other12/07/2022
    DIVERSEN
    PDF
  • Capital / shares07/03/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other12/11/2021
    DOEL
    PDF
  • Mandates07/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/01/2021
    ONTSLAGEN - BENOEMINGEN
    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

Timeline

  1. 2025
    Annual accounts 2025192,1 k €
  2. 2024
    Annual accounts 2024180,5 k €
  3. 2023
    Annual accounts 2023413,4 k €
  4. 2023
    Annual accounts 2023160,2 k €
  5. 2022
    Annual accounts 2022-72,7 k €
  6. 2020
    Annual accounts 2020148,4 k €
  7. 2019
    Annual accounts 20193,2 M €
  8. 2018
    Annual accounts 2018102,7 k €
  9. 2017
    Annual accounts 2017109 k €
  10. 2015
    Annual accounts 201526,6 k €
  11. 2014
    Annual accounts 2014-62,3 k €
  12. 2013
    Annual accounts 2013148,7 k €
  13. 2012
    Annual accounts 20126 M €
  14. 2011
    Annual accounts 2011-1,5 M €
  15. 2010
    Annual accounts 2010-422,6 k €
  16. 2009
    Annual accounts 2009-318,6 k €
  17. 2008
    Annual accounts 2008-398,6 k €
  18. 2007
    Annual accounts 2007204,6 k €
  19. 31/03/1990
    IncorporationPublic limited company