ACTIVE

EUROPEAN TRUST INVESTMENT

Financial year 2025 · Closed on 31/12/2025

Net result206,5 k €+46,9 %over 1 year

Gross margin533,5 k €-9,8 %over 1 year

Equity1,9 M €+9,1 %over 1 year

Identity

Source · BCE/KBO

EUROPEAN TRUST INVESTMENT is a Public limited company incorporated in 1990. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Ixelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0441.501.933
Incorporation: 23/07/1990
Legal form: Public limited company
Registered office: Chaussée de Boondael 283
1050 Ixelles · BruxellesSee on map
Contributed capital: 800 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 74402Other professional, scientific and technical activities 73110Advertising agencies 73110Advertising agencies 73120Media representation+2

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	533,5 k €	-9.8%	591,5 k €	+32.0%	448,2 k €	+27.1%	352,7 k €	+128%	154,9 k €
EBITDA	460,8 k €	-3.3%	476,7 k €	+25.5%	379,8 k €	+29.9%	292,4 k €	+244%	84,9 k €
Operating result	253 k €	-19.1%	312,6 k €	+159%	120,6 k €	+101%	59,9 k €	+132%	-188,2 k €
Net result	206,5 k €	+46.9%	140,5 k €	+55.3%	90,5 k €	+143%	-212,3 k €	-263%	130 k €
Balance sheet
Equity	1,9 M €	+9.1%	1,7 M €	+8.9%	1,6 M €	+6.1%	1,5 M €	-12.5%	1,7 M €
Total assets	3 M €	+3.7%	2,9 M €	-3.1%	3 M €	-5.6%	3,2 M €	-11.1%	3,6 M €
Cash	533,4 k €	+142%	220,3 k €	+115%	102,6 k €	+67.8%	61,1 k €	+121%	27,7 k €
Debts	1,1 M €	-4.2%	1,2 M €	-15.5%	1,4 M €	-17.0%	1,7 M €	-9.9%	1,9 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Angelo Portolani	Administrateur délégué15/05/2019 → 13/05/2031Managing director30/05/2013 → 2020 accountsended
Heidi Vandenbruwaene	Administrateur15/05/2019 → 13/05/2026Director30/05/2013 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
A. PORTOLANI	Managing director30/05/2013 → 2013 accounts
Françoise BURY	Director30/05/2013 → 25/04/2014
H. VANDENBRUWAENE	Director30/05/2013 → 2013 accounts
M. PORTOLANI	Director30/05/2013 → 2013 accounts

Other companies at this address

Chaussée de Boondael 283 1050 Ixelles

Company	CBE no.
ACTION PLUS● Active	0442.773.524
BRUSSELS RENOV● Active	0893.482.341
CD IN & OUT● Active	0823.605.521
Centre de recherche en droit social● Active	0895.633.860
La Culture Fera Toujours Recette● Active	1026.905.940
LUXURY PARTNERS● Bankrupt	0730.618.450

Full financial information

Source · NBB

	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	25/06/2026	30/06/2025	27/06/2024	12/06/2023	26/08/2022	02/08/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	26/08/2022	27/07/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	13/05/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	27/06/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	12/06/2023	French	PDF
Abridged model	31/12/2021	26/08/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	27/07/2021	02/08/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	27/07/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	05/06/2019	French	PDF
Abridged model	31/12/2017	08/05/2018	14/06/2018	French	PDF
Abridged model	31/12/2016	29/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	25/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	15/07/2015	French	PDF
Abridged model	31/12/2013	05/08/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	30/05/2013	10/06/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	16/07/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	23/06/2011	French	PDF
Abridged model	31/12/2009	22/06/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	23/06/2009	04/08/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	23/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	04/06/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Angelo Portolani	Administrateur délégué15/05/2019 → 13/05/2031Managing director30/05/2013 → 2020 accountsended
Heidi Vandenbruwaene	Administrateur15/05/2019 → 13/05/2026Director30/05/2013 → 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
A. PORTOLANI	Managing director30/05/2013 → 2013 accounts
Françoise BURY	Director30/05/2013 → 25/04/2014
H. VANDENBRUWAENE	Director30/05/2013 → 2013 accounts
M. PORTOLANI	Director30/05/2013 → 2013 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/08/2026
Démissions et nominations
PDF
Mandates29/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates23/12/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates08/08/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares05/12/2016
AUGMENTATION DE CAPITAL EN ESPECES - MODIFICATION AUX
PDF
Mandates02/01/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/08/2013
CAPITAL, ACTIONS
PDF
Mandates09/08/2013
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Angelo Portolani

Heidi Vandenbruwaene

H. VANDENBRUWAENE

M. PORTOLANI

Micael Portolani

Françoise BURY

A. PORTOLANI

F. BURY

199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

EUROPEAN TRUST INVESTMENT

Chaussée de Boondael 283, 1050 Ixelles

Administrateur déléguéManaging director

AdministrateurDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chaussée de Boondael 283, 1050 IxellesCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00206584

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
EUROPEAN TRUST INVESTMENTCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00206584

Events

2025
Annual accounts 2025206,5 k €↑
2024
Annual accounts 2024140,5 k €↑
2023
Annual accounts 202390,5 k €↑
2022
Annual accounts 2022-212,3 k €↓
2021
Annual accounts 2021130 k €↑
2014
Annual accounts 201423,7 k €↓
2013
Annual accounts 201344,3 k €↑
2012
Annual accounts 201222 k €↓
2011
Annual accounts 201152,1 k €↑
2010
Annual accounts 201011,2 k €↑
2009
Annual accounts 20097,7 k €↑
2008
Annual accounts 20081,4 k €↓
2007
Annual accounts 200724,4 k €↓
2006
Annual accounts 200629,1 k €
23/07/1990
IncorporationPublic limited company

EUROPEAN TRUST INVESTMENT

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events