ACTIVE

109 ROYAL

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Financial year 2025 · Closed on 31/12/2025

Net result-129,7 k €+67,4 %over 1 year
Gross margin295,1 k €+87,8 %over 1 year
Equity-2,2 M €-6,4 %over 1 year

Identity

Source · BCE/KBO

109 ROYAL is a Public limited company incorporated in 1991. Its registered office is in Ixelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0443.113.222
Incorporation
25/01/1991
Legal form
Public limited company
Registered office
Rue Lesbroussart 45/RC
1050 Ixelles · BruxellesSee on map
Contributed capital
787 000,00 €
Latest accounts
31/12/2025
Signals
Positive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 16 financial years

20252024202320222021
Income statement
Gross margin295,1 k €157,1 k €-95,7 k €-69,5 k €43,7 k €
EBITDA257,3 k €121,1 k €-130,8 k €-101,6 k €30,9 k €
Operating result115,9 k €-20 k €-377,5 k €-507,8 k €-2,3 k €
Net result-129,7 k €-398,2 k €-752,5 k €-674 k €-14,3 k €
Balance sheet
Equity-2,2 M €-2 M €-1,6 M €-884,2 k €-210,3 k €
Total assets6,5 M €6,2 M €6,9 M €5 M €2,6 M €
Cash21,5 k €54,4 k €54,1 k €62,7 k €851,2 k €
Debts7,4 M €7,7 M €8,4 M €5,9 M €2,8 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 22 ended

Active mandates

BERENGER DROUIN

Managing director

Active
MIDCAP

Director · 0715.993.424

Represented by Michael DESPIEGELAERE

Active

Ended mandates

MIDCAP

Director · since 10 décembre 2024 · 0715.993.424

Represented by Despiegelaere Michael

Ended
BERENGER DROUIN

Managing director · since 16 mai 2022

Ended
DONATIENNE GILLON

Director · since 19 mai 2020

Ended
DONATIENNE GILLON

Managing director · since 19 mai 2020

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/04/202630/06/202514/06/202403/07/202309/06/202215/07/2021
General meeting20/03/202616/05/202516/05/202416/05/202316/05/202217/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/03/202607/04/2026FrenchPDF
Micro model31/12/202416/05/202530/06/2025FrenchPDF
Micro model31/12/202316/05/202414/06/2024FrenchPDF
Micro model31/12/202216/05/202303/07/2023FrenchPDF
Micro model31/12/202116/05/202209/06/2022FrenchPDF
Micro model31/12/202017/05/202115/07/2021FrenchPDF
Micro model31/12/201916/05/202031/08/2020FrenchPDF
Micro model31/12/201816/05/201929/08/2019FrenchPDF
Micro model31/12/201716/05/201813/07/2018FrenchPDF
Micro model31/12/201616/05/201731/08/2017FrenchPDF
Full model31/12/201530/06/201630/09/2016FrenchPDF
Full model31/12/201418/05/201521/05/2015DutchPDF
Full model31/12/201316/05/201429/07/2014DutchPDF
Full model31/12/201216/05/201319/07/2013DutchPDF
Full model31/12/201116/05/201213/06/2012DutchPDF
Full model31/12/201016/05/201119/08/2011DutchPDF
Full model31/12/200917/05/201022/06/2010DutchPDF
Full model31/12/200818/05/200920/08/2009DutchPDF
Full model31/12/200711/06/200803/07/2008DutchPDF
Full model31/12/200611/06/200731/10/2007DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 22 ended

Active mandates

BERENGER DROUIN

Managing director

Active
MIDCAP

Director · 0715.993.424

Represented by Michael DESPIEGELAERE

Active

Ended mandates

MIDCAP

Director · since 10 décembre 2024 · 0715.993.424

Represented by Despiegelaere Michael

Ended
BERENGER DROUIN

Managing director · since 16 mai 2022

Ended
DONATIENNE GILLON

Director · since 19 mai 2020

Ended
DONATIENNE GILLON

Managing director · since 19 mai 2020

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/08/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/08/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/03/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/03/2016
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/08/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/03/2015
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025-129,7 k €↑
  2. 2024
    Annual accounts 2024-398,2 k €↑
  3. 2023
    Annual accounts 2023-752,5 k €↓
  4. 2022
    Annual accounts 2022-674 k €↓
  5. 2021
    Annual accounts 2021-14,3 k €↓
  6. 2020
    Annual accounts 202020,5 k €↑
  7. 2019
    Annual accounts 201910,4 k €↓
  8. 2018
    Annual accounts 201815,6 k €↑
  9. 2017
    Annual accounts 2017178 €↓
  10. 2016
    Annual accounts 2016376 k €↑
  11. 2015
    Annual accounts 2015-125,1 k €↓
  12. 2014
    Annual accounts 2014-13,8 k €↑
  13. 2013
    Annual accounts 2013-218,9 k €↑
  14. 2012
    Annual accounts 2012-230,1 k €↓
  15. 2010
    Annual accounts 2010126,3 k €↑
  16. 2006
    Annual accounts 2006-98 k €
  17. 25/01/1991
    IncorporationPublic limited company