ACTIVE

Immoar

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Financial year 2024 · closed on 31/12/2024

Net result

3,4 k €

-72.8% YoY

Gross margin

89,6 k €

-37.8% YoY

Equity

744 k €

+0.5% YoY

What does Immoar do?

Immoar is a Public limited company incorporated in 1990. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.810.641

Incorporation

20/12/1990

Legal form

Public limited company

Registered office

Avenue Louise 349 box 17
1050 Ixelles · BruxellesSee on map

Contributed capital

656 917,84 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	89,6 k €	-37.8%	144,1 k €	+13.9%	126,4 k €	+25.9%	100,5 k €	+50.4%	66,8 k €	-42.8%	116,8 k €	-13.7%	135,3 k €	+3193%	4,1 k €	-99.3%	580,6 k €	+172%	213,8 k €	+26.9%	168,5 k €	-9.2%	185,5 k €	+1.8%	182,2 k €	+2.8%	177,3 k €	-16.7%	212,8 k €	+3.6%	205,3 k €	+14.9%	178,7 k €	+0.8%	177,3 k €	-9.6%	196,1 k €
EBITDA	69,1 k €	-42.9%	121 k €	+15.6%	104,7 k €	+27.6%	82 k €	+30.9%	62,7 k €	-43.0%	110 k €	-11.9%	124,9 k €	+34.5%	92,9 k €	-71.8%	329,3 k €	+92.8%	170,7 k €	+9.9%	155,4 k €	-4.8%	163,2 k €	+2.8%	158,8 k €	+3.3%	153,7 k €	-18.7%	189,1 k €	+4.8%	180,5 k €	+15.0%	156,9 k €	+0.9%	155,5 k €	-8.5%	170 k €
Operating result	3,4 k €	-79.4%	16,6 k €	+53.7%	10,8 k €	+199%	-10,9 k €	+64.2%	-30,3 k €	-283%	16,6 k €	-36.4%	26,1 k €	+192%	-28,2 k €	-116%	173,2 k €	+1402%	11,5 k €	+243%	-8,1 k €	-192%	8,7 k €	+138%	3,7 k €	-65.3%	10,6 k €	-74.7%	41,8 k €	+153%	16,5 k €	+265%	-10 k €	-276%	5,7 k €	-89.7%	55,5 k €
Net result	3,4 k €	-72.8%	12,5 k €	+141%	5,2 k €	+131%	-16,7 k €	+58.0%	-39,7 k €	-925%	4,8 k €	-47.7%	9,2 k €	+117%	-54 k €	-142%	129,8 k €	+455%	-36,5 k €	-131%	117,1 k €	+549%	-26,1 k €	-111%	246,3 k €	+853%	-32,7 k €	-211%	-10,5 k €	+76.4%	-44,6 k €	+57.9%	-106 k €	-55.1%	-68,4 k €	-251%	-19,5 k €
Balance sheet
Equity	744 k €	+0.5%	740,6 k €	+1.7%	728 k €	+0.7%	722,8 k €	-2.3%	739,5 k €	-5.1%	779,2 k €	+0.6%	774,4 k €	+1.2%	765,2 k €	-6.6%	819,2 k €	+18.8%	689,4 k €	-5.0%	726 k €	+19.2%	608,8 k €	-4.1%	634,9 k €	+63.4%	388,7 k €	-7.8%	421,3 k €	-2.4%	431,9 k €	-9.7%	478,2 k €	-18.1%	584,3 k €	-10.5%	652,6 k €
Total assets	974,9 k €	+3.9%	938,2 k €	-2.1%	958,1 k €	-6.0%	1 M €	-5.5%	1,1 M €	-6.0%	1,1 M €	-6.0%	1,2 M €	-8.5%	1,3 M €	-13.4%	1,5 M €	-5.4%	1,6 M €	-8.0%	1,8 M €	+0.2%	1,8 M €	-7.6%	1,9 M €	-9.6%	2,1 M €	-5.9%	2,2 M €	-5.4%	2,4 M €	-5.9%	2,5 M €	-0.1%	2,5 M €	+7.1%	2,4 M €
Cash	4,8 k €	+1828%	247,7 €	-87.7%	2 k €	-73.4%	7,6 k €	+11.9%	6,8 k €	+12.5%	6 k €	-24.9%	8 k €	-81.9%	44,2 k €	-69.8%	146,3 k €	+865%	15,2 k €		–		1,4 k €	-94.2%	24,5 k €	+1003%	2,2 k €	-72.2%	8 k €	-18.7%	9,8 k €	+101%	4,9 k €	-51.0%	10 k €	-73.5%	37,6 k €
Debts	156,8 k €	+25.2%	125,2 k €	-19.9%	156,3 k €	-29.8%	222,8 k €	-17.2%	269 k €	-5.7%	285,2 k €	-19.4%	353,8 k €	-24.8%	470,7 k €	-8.4%	513,9 k €	-44.9%	932,1 k €	-10.4%	1 M €	-9.7%	1,2 M €	-9.4%	1,3 M €	-26.1%	1,7 M €	-5.4%	1,8 M €	-6.0%	1,9 M €	-5.0%	2 M €	+4.9%	1,9 M €	+13.8%	1,7 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 5 active · 14 ended

Active mandates

Jacqueline ARETS

Director · since 10 juillet 2025

Active

Kathrin ARETS

Director · since 10 juillet 2025

Active

Françoise HANSSENS -ENSCH

Director

Active

JACQUES ARETS

Director

Active

KARIN WEHMEYER

Director

Active

Ended mandates

CHRISTIAN ARETS

Director · since 01 janvier 2006 · until 31 décembre 2017

Ended

JACQUELINE ARETS

Director · since 01 janvier 2006 · until 31 décembre 2017

Ended

Jacques ARETS

Director · since 01 janvier 2006 · until 31 décembre 2023

Ended

Jacques ARETS

Managing director · since 01 janvier 2006 · until 31 décembre 2011

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	23/01/2025	28/11/2023	26/08/2022	13/07/2021	29/06/2020
General meeting	29/09/2025	14/01/2025	19/06/2023	20/06/2022	12/06/2021	22/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	29/09/2025	29/09/2025	French	PDF
Micro model	31/12/2023	14/01/2025	23/01/2025	French	PDF
Abridged model	31/12/2022	19/06/2023	28/11/2023	French	PDF
Abridged model	31/12/2021	20/06/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	12/06/2021	13/07/2021	French	PDF
Abridged model	31/12/2019	22/06/2020	29/06/2020	French	PDF
Abridged model	31/12/2018	26/09/2019	27/09/2019	French	PDF
Abridged model	31/12/2017	22/09/2018	28/09/2018	French	PDF
Abridged model	31/12/2016	19/06/2017	29/08/2017	French	PDF
Abridged model	31/12/2015	20/06/2016	19/08/2016	French	PDF
Abridged model	31/12/2014	22/06/2015	29/09/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	19/08/2014	French	PDF
Abridged model	31/12/2012	17/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	18/06/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	21/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	23/03/2009	27/03/2009	French	PDF
Abridged model	31/12/2007	13/06/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	18/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 5 active · 14 ended

Active mandates

Jacqueline ARETS

Director · since 10 juillet 2025

Active

Kathrin ARETS

Director · since 10 juillet 2025

Active

Françoise HANSSENS -ENSCH

Director

Active

JACQUES ARETS

Director

Active

KARIN WEHMEYER

Director

Active

Ended mandates

CHRISTIAN ARETS

Director · since 01 janvier 2006 · until 31 décembre 2017

Ended

JACQUELINE ARETS

Director · since 01 janvier 2006 · until 31 décembre 2017

Ended

Jacques ARETS

Director · since 01 janvier 2006 · until 31 décembre 2023

Ended

Jacques ARETS

Managing director · since 01 janvier 2006 · until 31 décembre 2011

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/09/2026
Prolongation de la mission de l'administrateur provisoire
PDF
Mandates04/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates17/02/2025
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates03/10/2024
DEMISSIONS, NOMINATIONS
PDF
Other05/12/2018
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares26/01/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2024
Annual accounts 20243,4 k €↓
2023
Annual accounts 202312,5 k €↑
2022
Annual accounts 20225,2 k €↑
2021
Annual accounts 2021-16,7 k €↑
2020
Annual accounts 2020-39,7 k €↓
2019
Annual accounts 20194,8 k €↓
2018
Annual accounts 20189,2 k €↑
2017
Annual accounts 2017-54 k €↓
2016
Annual accounts 2016129,8 k €↑
2015
Annual accounts 2015-36,5 k €↓
2014
Annual accounts 2014117,1 k €↑
2013
Annual accounts 2013-26,1 k €↓
2012
Annual accounts 2012246,3 k €↑
2011
Annual accounts 2011-32,7 k €↓
2010
Annual accounts 2010-10,5 k €↑
2009
Annual accounts 2009-44,6 k €↑
2008
Annual accounts 2008-106 k €↓
2007
Annual accounts 2007-68,4 k €↓
2006
Annual accounts 2006-19,5 k €
20/12/1990
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

Immoar

Overview

What does Immoar do?

Trend over 19 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