ACTIVE

EUROPEAN TRUST INVESTMENT

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Financial year 2025 · closed on 31/12/2025

Net result

206,5 k €

+46.9% YoY

Gross margin

533,5 k €

-9.8% YoY

Equity

1,9 M €

+9.1% YoY

What does EUROPEAN TRUST INVESTMENT do?

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

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2014		2013		2012		2011		2010		2009		2008		2007		2006
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 €	-55.2%	346 k €	-15.4%	408,8 k €	+2.2%	400,1 k €	-17.9%	487,3 k €	+9.0%	447,2 k €	+17.1%	381,9 k €	+7.0%	356,9 k €	+76.9%	201,8 k €	+2.5%	196,8 k €
EBITDA	460,8 k €	-3.3%	476,7 k €	+25.5%	379,8 k €	+29.9%	292,4 k €	+244%	84,9 k €	-72.7%	311,3 k €	-9.2%	343 k €	-7.9%	372,6 k €	-9.6%	412,1 k €	+1.9%	404,5 k €	+17.8%	343,4 k €	+67.8%	204,6 k €	-3.1%	211 k €	+22.8%	171,9 k €
Operating result	253 k €	-19.1%	312,6 k €	+159%	120,6 k €	+101%	59,9 k €	+132%	-188,2 k €	-235%	139,9 k €	-14.1%	162,8 k €	-5.1%	171,5 k €	-21.7%	219,1 k €	-5.3%	231,4 k €	+26.5%	182,9 k €	+295%	46,4 k €	-44.6%	83,6 k €	-2.7%	85,9 k €
Net result	206,5 k €	+46.9%	140,5 k €	+55.3%	90,5 k €	+143%	-212,3 k €	-263%	130 k €	+448%	23,7 k €	-46.5%	44,3 k €	+101%	22 k €	-57.7%	52,1 k €	+367%	11,2 k €	+45.1%	7,7 k €	+459%	1,4 k €	-94.4%	24,4 k €	-16.1%	29,1 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 €	+122%	766,6 k €	+3.2%	742,9 k €	+6.3%	698,5 k €	+3.3%	676,5 k €	+8.3%	624,5 k €	+1.8%	613,3 k €	+1.3%	605,6 k €	+0.2%	604,2 k €	+4.2%	579,8 k €
Total assets	3 M €	+3.7%	2,9 M €	-3.1%	3 M €	-5.6%	3,2 M €	-11.1%	3,6 M €	+43.4%	2,5 M €	-1.5%	2,5 M €	-1.4%	2,6 M €	-5.5%	2,7 M €	+7.9%	2,5 M €	+11.3%	2,3 M €	-6.6%	2,4 M €	+43.0%	1,7 M €	+22.4%	1,4 M €
Cash	533,4 k €	+142%	220,3 k €	+115%	102,6 k €	+67.8%	61,1 k €	+121%	27,7 k €	-87.1%	213,8 k €	+33.6%	160 k €	+41.9%	112,8 k €	-49.2%	222,1 k €	+416%	43 k €	-46.0%	79,6 k €	-49.7%	158,4 k €	+124%	70,7 k €	+1318%	5 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 €	+8.4%	1,7 M €	-3.6%	1,8 M €	-4.3%	1,9 M €	-8.5%	2 M €	+10.0%	1,9 M €	+13.7%	1,6 M €	-9.4%	1,8 M €	+67.3%	1,1 M €	+39.2%	772,2 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 · 2 active · 30 ended

Active mandates

Angelo Portolani

Administrateur délégué · since 14 mai 2025 · until 13 mai 2031

Active

Heidi Vandenbruwaene

Administrateur · since 14 mai 2025 · until 13 mai 2026

Active

Ended mandates

Angelo Portolani

Managing director · since 11 décembre 2019 · until 13 mai 2025

Ended

Angelo Portolani

Managing director · since 11 décembre 2019 · until 12 mai 2026

Ended

Heidi Vandenbruwaene

Director · since 11 décembre 2019 · until 13 mai 2025

Ended

Heidi Vandenbruwaene

Director · since 11 décembre 2019 · until 12 mai 2026

Ended

At this address

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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	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

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	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

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 · 2 active · 30 ended

Active mandates

Angelo Portolani

Administrateur délégué · since 14 mai 2025 · until 13 mai 2031

Active

Heidi Vandenbruwaene

Administrateur · since 14 mai 2025 · until 13 mai 2026

Active

Ended mandates

Angelo Portolani

Managing director · since 11 décembre 2019 · until 13 mai 2025

Ended

Angelo Portolani

Managing director · since 11 décembre 2019 · until 12 mai 2026

Ended

Heidi Vandenbruwaene

Director · since 11 décembre 2019 · until 13 mai 2025

Ended

Heidi Vandenbruwaene

Director · since 11 décembre 2019 · until 12 mai 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/08/2026
DEMISSIONS, 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
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/01/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/08/2013
CAPITAL, ACTIONS
PDF
Mandates09/08/2013
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

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

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

EUROPEAN TRUST INVESTMENT

Overview

What does EUROPEAN TRUST INVESTMENT do?

Trend over 14 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