ACTIVE

REALCO

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Financial year 2025 · closed on 31/12/2025

Net result

-770,7 k €

-591.9% YoY

Revenue

13,8 M €

+11.1% YoY

Equity

8,4 M €

-9.1% YoY

Workforce

50,3 ETP

-3.6% YoY

What does REALCO do?

REALCO is a Public limited company incorporated in 1991. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 50,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.458.750

Incorporation

07/06/1991

Legal form

Public limited company

Registered office

Avenue Albert Einstein 15
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

1 672 880,06 €

Latest accounts

31/12/2025

Average workforce

50,3 ETP

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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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
Revenue	13,8 M €	+11.1%	12,4 M €	+6.3%	11,7 M €	+20.2%	9,7 M €	-28.6%	13,6 M €	+10.2%	12,4 M €	+7.7%	11,5 M €	+9.3%	10,5 M €	+14.5%	9,2 M €	+11.6%	8,2 M €	+2.3%	8 M €	+5.4%	7,6 M €		–		–		–		–		–		5,4 M €	-4.2%	5,7 M €	-2.7%	5,8 M €
EBITDA	2 M €	+55.5%	1,3 M €	+76.8%	710,9 k €	+24.8%	569,6 k €	-83.7%	3,5 M €	+13.6%	3,1 M €	+212%	982,1 k €	+29.5%	758,6 k €	+12.6%	673,7 k €	+19.9%	561,8 k €	-22.0%	719,9 k €	+21.7%	591,5 k €	-0.5%	594,5 k €	+126%	263,2 k €	-0.5%	264,5 k €	-52.0%	550,5 k €	+5.6%	521,5 k €	+44.7%	360,3 k €	+57.1%	229,3 k €	-57.7%	541,9 k €
Operating result	780,8 k €	+195%	264,9 k €	+28.2%	206,7 k €	+9.1%	189,4 k €	-93.2%	2,8 M €	+3.4%	2,7 M €	+386%	552,1 k €	+59.3%	346,7 k €	+27.1%	272,7 k €	+15.0%	237,1 k €	-43.9%	422,7 k €	+39.3%	303,5 k €	+2.2%	296,8 k €	+26987%	-1,1 k €	+98.1%	-57,9 k €	-133%	177,5 k €	-11.6%	200,9 k €	+538%	31,5 k €	+137%	-85,1 k €	-133%	261,2 k €
Net result	-770,7 k €	-592%	156,7 k €	-39.6%	259,4 k €	+110%	123,6 k €	-93.9%	2 M €	+5.0%	1,9 M €	+405%	384,3 k €	+111%	182,2 k €	+137%	77 k €	-45.3%	140,8 k €	-27.1%	193,1 k €	+25.4%	154 k €	+58.3%	97,3 k €	+222%	-79,9 k €	+22.3%	-102,9 k €	-200%	103,1 k €	-39.0%	169,1 k €	+770%	19,4 k €	+115%	-130,4 k €	-197%	135 k €
Balance sheet
Equity	8,4 M €	-9.1%	9,3 M €	+6.7%	8,7 M €	+3.1%	8,4 M €	+17.5%	7,2 M €	+39.6%	5,1 M €	+59.7%	3,2 M €	+13.5%	2,8 M €	+6.9%	2,7 M €	+3.0%	2,6 M €	+3.1%	2,5 M €	+5.4%	2,4 M €	+4.7%	2,3 M €	+4.5%	2,2 M €	-4.0%	2,3 M €	-3.5%	2,3 M €	+4.6%	2,2 M €	+4.9%	2,1 M €	+0.3%	2,1 M €	-6.6%	2,3 M €
Total assets	15,7 M €	-6.8%	16,8 M €	-2.8%	17,3 M €	-0.4%	17,4 M €	+30.2%	13,4 M €	+20.4%	11,1 M €	+35.4%	8,2 M €	+6.4%	7,7 M €	+1.8%	7,6 M €	-3.4%	7,8 M €	+50.2%	5,2 M €	+7.5%	4,9 M €	+5.3%	4,6 M €	-1.2%	4,7 M €	-6.7%	5 M €	+4.8%	4,8 M €	+15.6%	4,1 M €	+17.0%	3,5 M €	+2.2%	3,4 M €	-7.3%	3,7 M €
Cash	1,3 M €	+327%	309,2 k €	-56.4%	708,6 k €	-40.5%	1,2 M €	-57.2%	2,8 M €	+107%	1,3 M €	+44.7%	928,1 k €	+28.1%	724,6 k €	+3.1%	702,5 k €	-54.5%	1,5 M €	+64.2%	940,3 k €	-16.7%	1,1 M €	+120%	514,1 k €	+48.1%	347,1 k €	+15.5%	300,5 k €	+151%	119,9 k €	-40.0%	199,7 k €	+41.9%	140,8 k €	-26.9%	192,7 k €	-40.2%	321,9 k €
Debts	6,8 M €	-3.1%	7 M €	-12.6%	8 M €	-1.1%	8,1 M €	+54.8%	5,2 M €	+1.8%	5,1 M €	+6.5%	4,8 M €	-0.3%	4,8 M €	-0.9%	4,9 M €	-6.5%	5,2 M €	+104%	2,6 M €	+7.3%	2,4 M €	+6.6%	2,2 M €	-7.3%	2,4 M €	-7.8%	2,6 M €	+19.8%	2,2 M €	+38.1%	1,6 M €	+25.5%	1,3 M €	+6.0%	1,2 M €	-8.7%	1,3 M €
Other
Workforce	50,3 ETP	-3.6%	52,2 ETP	+7.0%	48,8 ETP	+1.7%	48,0 ETP	0.0%	48,0 ETP	+0.4%	47,8 ETP	-5.0%	50,3 ETP	-2.7%	51,7 ETP	+5.9%	48,8 ETP	+4.9%	46,5 ETP	+7.9%	43,1 ETP	+7.8%	40,0 ETP	+3.9%	38,5 ETP	+4.6%	36,8 ETP	+7.0%	34,4 ETP	-9.5%	38,0 ETP	+11.8%	34,0 ETP	+14.5%	29,7 ETP	-15.4%	35,1 ETP	-0.8%	35,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 9 active · 83 ended

Active mandates

Aline LECLEF

Director · since 27 mai 2025 · until 25 mai 2027

Active

Nathalie GUILLAUME

Director · since 27 mai 2025 · until 25 mai 2027

Active

NOMAINVEST

Director · since 27 mai 2025 · until 25 mai 2027 · 0460.996.458

Represented by Bernard Jolly

Active

Victoria BLACKMAN

Director · since 27 mai 2025 · until 25 mai 2027

Active

Oxygen

Director · since 28 mai 2024 · until 26 mai 2026 · 0444.486.761

Represented by Gordon BLACKMAN

Active

SPARAXIS

Director · since 28 mai 2024 · until 26 mai 2026 · 0452.116.307

Represented by Jean-Luc Nondonfaz

Active

Xavier SINECHAL

Director · since 28 mai 2024 · until 26 mai 2026

Active

D.A.R.E. CONSULTING

Director · since 25 mai 2024 · until 26 mai 2026 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Active

D2G

Managing director · since 30 mai 2023 · until 26 mai 2026 · 0698.596.374

Represented by George BLACKMAN

Active

Ended mandates

Aline LECLEF

Director · since 28 mai 2024 · until 27 mai 2025

Ended

D.A.R.E. CONSULTING

Director · since 28 mai 2024 · until 26 mai 2026 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Ended

Nathalie GUILLAUME

Director · since 28 mai 2024 · until 27 mai 2025

Ended

NOMAINVEST

Director · since 28 mai 2024 · until 27 mai 2025 · 0460.996.458

Represented by Bernard Jolly

Ended

At this address

Other companies at this address

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OLAB● Active	0802.444.970
OneLIFE● Active	0588.983.109

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	29/05/2026	20/08/2025	18/06/2024	26/06/2023	03/06/2022	29/06/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	30/05/2023	31/05/2022	25/05/2021
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
Full model	31/12/2025	26/05/2026	29/05/2026	French	PDF
Full model	31/12/2024	27/05/2025	20/08/2025	French	PDF
Full model	31/12/2023	28/05/2024	18/06/2024	French	PDF
Full model	31/12/2022	30/05/2023	26/06/2023	French	PDF
Full model	31/12/2021	31/05/2022	03/06/2022	French	PDF
Full model	31/12/2020	25/05/2021	29/06/2021	French	PDF
Full model	31/12/2019	26/05/2020	12/06/2020	French	PDF
Full model	31/12/2018	28/05/2019	26/07/2019	French	PDF
Full model	31/12/2017	29/05/2018	18/06/2018	French	PDF
Full model	31/12/2016	30/05/2017	21/06/2017	French	PDF
Full model	31/12/2015	31/05/2016	01/07/2016	French	PDF
Full model	31/12/2014	26/05/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	27/05/2014	13/06/2014	French	PDF
Abridged model	31/12/2012	28/05/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	08/06/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	08/07/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	16/06/2010	French	PDF
Abridged model	31/12/2008	26/05/2009	18/06/2009	French	PDF
Abridged model	31/12/2007	27/05/2008	29/05/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	06/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 9 active · 83 ended

Active mandates

Aline LECLEF

Director · since 27 mai 2025 · until 25 mai 2027

Active

Nathalie GUILLAUME

Director · since 27 mai 2025 · until 25 mai 2027

Active

NOMAINVEST

Director · since 27 mai 2025 · until 25 mai 2027 · 0460.996.458

Represented by Bernard Jolly

Active

Victoria BLACKMAN

Director · since 27 mai 2025 · until 25 mai 2027

Active

Oxygen

Director · since 28 mai 2024 · until 26 mai 2026 · 0444.486.761

Represented by Gordon BLACKMAN

Active

SPARAXIS

Director · since 28 mai 2024 · until 26 mai 2026 · 0452.116.307

Represented by Jean-Luc Nondonfaz

Active

Xavier SINECHAL

Director · since 28 mai 2024 · until 26 mai 2026

Active

D.A.R.E. CONSULTING

Director · since 25 mai 2024 · until 26 mai 2026 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Active

D2G

Managing director · since 30 mai 2023 · until 26 mai 2026 · 0698.596.374

Represented by George BLACKMAN

Active

Ended mandates

Aline LECLEF

Director · since 28 mai 2024 · until 27 mai 2025

Ended

D.A.R.E. CONSULTING

Director · since 28 mai 2024 · until 26 mai 2026 · 0874.868.833

Represented by Frédéric TIBERGHIEN

Ended

Nathalie GUILLAUME

Director · since 28 mai 2024 · until 27 mai 2025

Ended

NOMAINVEST

Director · since 28 mai 2024 · until 27 mai 2025 · 0460.996.458

Represented by Bernard Jolly

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates01/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/02/2023
DEMISSIONS, NOMINATIONS
PDF
Other08/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/09/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2021
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 2025-770,7 k €↓
2024
Annual accounts 2024156,7 k €↓
2023
Annual accounts 2023259,4 k €↑
2022
Annual accounts 2022123,6 k €↓
2021
Annual accounts 20212 M €↑
2020
Annual accounts 20201,9 M €↑
2019
Annual accounts 2019384,3 k €↑
2018
Annual accounts 2018182,2 k €↑
2017
Annual accounts 201777 k €↓
2016
Annual accounts 2016140,8 k €↓
2015
Annual accounts 2015193,1 k €↑
2014
Annual accounts 2014154 k €↑
2013
Annual accounts 201397,3 k €↑
2012
Annual accounts 2012-79,9 k €↑
2011
Annual accounts 2011-102,9 k €↓
2010
Annual accounts 2010103,1 k €↓
2009
Annual accounts 2009169,1 k €↑
2008
Annual accounts 200819,4 k €↑
2007
Annual accounts 2007-130,4 k €↓
2006
Annual accounts 2006135 k €
07/06/1991
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

REALCO

Overview

What does REALCO 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