ACTIVE

IMMO RAES (SA)

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Financial year 2025 · closed on 31/12/2025

Net result

490,1 k €

+721.3% YoY

Gross margin

894,1 k €

+182.1% YoY

Equity

1,3 M €

+59.6% YoY

What does IMMO RAES do?

IMMO RAES is a Public limited company incorporated in 1990. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.763.743

Incorporation

30/04/1990

Legal form

Public limited company

Registered office

Vlaskapelstraat 6
8560 Wevelgem · FlandreSee on map

Contributed capital

379 277,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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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	894,1 k €	+182%	316,9 k €	+9.7%	288,9 k €	+7.1%	269,7 k €	+15.2%	234,1 k €	+17.4%	199,5 k €	+98.0%	100,7 k €	+63.9%	61,5 k €	+22.8%	50 k €	-8.1%	54,5 k €	+0.7%	54,1 k €	+0.9%	53,6 k €	+2.7%	52,2 k €	+16.2%	44,9 k €	-13.2%	51,8 k €	+20.8%	42,9 k €	-11.5%	48,4 k €	+4.0%	46,6 k €	+23.8%	37,6 k €	-11.2%	42,4 k €
EBITDA	848,4 k €	+205%	278,4 k €	+10.6%	251,7 k €	+6.7%	235,8 k €	+17.3%	201 k €	+9.6%	183,4 k €	+103%	90,3 k €	+76.9%	51,1 k €	+34.9%	37,8 k €	-15.0%	44,5 k €	+5.2%	42,3 k €	-4.9%	44,5 k €	-2.3%	45,6 k €	+20.9%	37,7 k €	-8.0%	41 k €	+24.3%	33 k €	-14.6%	38,6 k €	+5.6%	36,6 k €	+29.2%	28,3 k €	-14.7%	33,2 k €
Operating result	719,6 k €	+391%	146,7 k €	+25.4%	116,9 k €	+19.7%	97,7 k €	+64.6%	59,4 k €	-4.0%	61,8 k €	+213%	19,7 k €	+211%	-17,7 k €	-1003%	2 k €	-93.9%	32,3 k €	+11.2%	29,1 k €	+26.0%	23,1 k €	-30.6%	33,3 k €	+30.9%	25,4 k €	-11.4%	28,7 k €	+38.7%	20,7 k €	-6.7%	22,2 k €	+10.1%	20,1 k €	+30.4%	15,4 k €	-23.5%	20,2 k €
Net result	490,1 k €	+721%	59,7 k €	+36.8%	43,6 k €	+1.2%	43,1 k €	+590%	6,3 k €	-51.9%	13 k €	+180%	-16,3 k €	+52.3%	-34,1 k €	-3041%	1,2 k €	-95.5%	25,6 k €	+2.7%	24,9 k €	+6.1%	23,5 k €	-25.2%	31,4 k €	+22.3%	25,7 k €	-8.3%	28 k €	+43.3%	19,6 k €	-5.0%	20,6 k €	+8.8%	18,9 k €	+36.2%	13,9 k €	-22.0%	17,8 k €
Balance sheet
Equity	1,3 M €	+59.6%	822 k €	+7.8%	762,3 k €	+6.1%	718,7 k €	+6.4%	675,6 k €	+0.9%	669,4 k €	+2.0%	656,4 k €	-2.4%	672,7 k €	-4.8%	706,8 k €	+0.2%	705,6 k €	+3.8%	680 k €	+3.8%	655,1 k €	+3.7%	631,6 k €	+5.2%	600,2 k €	+4.5%	574,5 k €	+5.1%	546,5 k €	+3.7%	526,9 k €	+4.1%	506,3 k €	+3.9%	487,4 k €	+2.9%	473,5 k €
Total assets	3 M €	+23.0%	2,5 M €	-5.9%	2,6 M €	-3.9%	2,7 M €	-4.7%	2,9 M €	-4.8%	3 M €	+72.3%	1,7 M €	+4.6%	1,7 M €	+73.1%	965,3 k €	+35.1%	714,3 k €	+4.2%	685,7 k €	+3.8%	660,4 k €	+2.8%	642,4 k €	+2.3%	627,7 k €	+3.1%	608,7 k €	+2.3%	594,8 k €	+1.0%	588,8 k €	+0.2%	587,8 k €	+2.0%	576,4 k €	-1.6%	585,6 k €
Cash	665,1 k €	+2009%	31,5 k €	-25.7%	42,4 k €	+79.3%	23,7 k €	+16.3%	20,3 k €	-38.3%	33 k €	-44.3%	59,1 k €	+242%	17,3 k €	-5.8%	18,3 k €	-92.1%	233 k €	+19.9%	194,3 k €	+26.3%	153,9 k €	-6.6%	164,8 k €	+14.9%	143,5 k €	+23.6%	116 k €		–		81,3 k €	+22.9%	66,1 k €	-41.4%	112,8 k €	+5.6%	106,8 k €
Debts	1,5 M €	-5.5%	1,6 M €	-12.4%	1,8 M €	-7.8%	2 M €	-8.6%	2,1 M €	-6.7%	2,3 M €	+117%	1,1 M €	+7.4%	981,8 k €	+281%	257,5 k €	+2860%	8,7 k €	+54.0%	5,6 k €	+5.4%	5,4 k €	-48.7%	10,4 k €	-60.8%	26,6 k €	-21.3%	33,8 k €	-29.5%	48 k €	-21.4%	61 k €	-24.8%	81,1 k €	-8.5%	88,6 k €	-20.6%	111,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

Adelheid Syssauw

Director · since 20 juin 2026 · until 19 juin 2032

Active

Lode Raes

Director · since 20 juin 2020 · until 20 juin 2026

Active

Lode Raes

Managing director · since 20 juin 2020 · until 20 juin 2026

Active

Ended mandates

Adelheid Syssauw

Director · since 20 juin 2020 · until 20 juin 2026

Ended

Adelheid Syssauw

Director · since 07 juillet 2014 · until 20 juin 2020

Ended

Lode Raes

Director · since 07 juillet 2014 · until 20 juin 2020

Ended

Lode Raes

Managing director · since 07 juillet 2014 · until 20 juin 2020

Ended

At this address

Other companies at this address

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ALC Energy● Active	0790.366.886
ETIENNE THEYS● Active	0406.887.977
IMHO● Active	0429.145.915
Raes Construct● Active	0462.586.169
RS INVEST● Active	0859.692.093
SYRA● Active	0844.285.426

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	01/01/2025	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	22/06/2026	25/06/2025	01/07/2024	12/07/2023	01/07/2022	08/07/2021
General meeting	20/06/2026	21/06/2025	15/06/2024	17/06/2023	18/06/2022	19/06/2021
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	31/12/2025	20/06/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	21/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	01/07/2024	Dutch	PDF
Abridged model	31/12/2022	17/06/2023	12/07/2023	Dutch	PDF
Abridged model	31/12/2021	18/06/2022	01/07/2022	Dutch	PDF
Abridged model	31/12/2020	19/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	24/06/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	16/06/2018	17/07/2018	Dutch	PDF
Abridged model	31/12/2016	17/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	22/03/2017	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	13/08/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	21/06/2010	Dutch	PDF
Abridged model	31/12/2008	11/05/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	05/08/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	18/06/2007	Dutch	PDF

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.

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 · 3 active · 23 ended

Active mandates

Adelheid Syssauw

Director · since 20 juin 2026 · until 19 juin 2032

Active

Lode Raes

Director · since 20 juin 2020 · until 20 juin 2026

Active

Lode Raes

Managing director · since 20 juin 2020 · until 20 juin 2026

Active

Ended mandates

Adelheid Syssauw

Director · since 20 juin 2020 · until 20 juin 2026

Ended

Adelheid Syssauw

Director · since 07 juillet 2014 · until 20 juin 2020

Ended

Lode Raes

Director · since 07 juillet 2014 · until 20 juin 2020

Ended

Lode Raes

Managing director · since 07 juillet 2014 · until 20 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other13/08/2026
DIVERSEN
PDF
Mandates06/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2014
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2009
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/10/2008
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

2025
Annual accounts 2025490,1 k €↑
2024
Annual accounts 202459,7 k €↑
2023
Annual accounts 202343,6 k €↑
2022
Annual accounts 202243,1 k €↑
2021
Annual accounts 20216,3 k €↓
2020
Annual accounts 202013 k €↑
2019
Annual accounts 2019-16,3 k €↑
2018
Annual accounts 2018-34,1 k €↓
2017
Annual accounts 20171,2 k €↓
2016
Annual accounts 201625,6 k €↑
2015
Annual accounts 201524,9 k €↑
2014
Annual accounts 201423,5 k €↓
2013
Annual accounts 201331,4 k €↑
2013
Name changeIMMO RAES
2012
Annual accounts 201225,7 k €↓
2011
Annual accounts 201128 k €↑
2010
Annual accounts 201019,6 k €↓
2009
Annual accounts 200920,6 k €↑
2008
Annual accounts 200818,9 k €↑
2007
Annual accounts 200713,9 k €↓
2006
Annual accounts 200617,8 k €
2006
Name changeRAES
30/04/1990
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

IMMO RAES (SA)

Overview

What does IMMO RAES 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