ACTIVE

SORENAM

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Financial year 2025 · closed on 30/06/2025

Net result

18,4 k €

+22.1% YoY

Gross margin

56,9 k €

+3.2% YoY

Equity

389 k €

+5.0% YoY

What does SORENAM do?

SORENAM is a Public limited company incorporated in 1991. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.484.574

Incorporation

16/10/1991

Legal form

Public limited company

Registered office

Rue des Brasseurs 110
5000 Namur · WallonieSee on map

Contributed capital

61 973,00 €

Latest accounts

30/06/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	56,9 k €	+3.2%	55,1 k €	+0.5%	54,9 k €	-30.7%	79,2 k €	+19.9%	66 k €	+32.1%	50 k €	-39.1%	82,1 k €	-25.3%	109,9 k €	+8.9%	100,9 k €	-0.8%	101,7 k €	-4.6%	106,6 k €	-22.5%	137,4 k €		–		105,6 k €	+0.8%	104,7 k €	+9.9%	95,3 k €	-1.6%	96,8 k €	+0.7%	96,1 k €	+10.1%	87,3 k €
EBITDA	45,7 k €	+3.0%	44,4 k €	-1.4%	45 k €	-35.6%	69,9 k €	+24.9%	56 k €	+38.2%	40,5 k €	-44.3%	72,7 k €	-28.0%	101 k €	+9.5%	92,3 k €	-1.0%	93,2 k €	-5.4%	98,5 k €	-23.9%	129,5 k €	+39.0%	93,1 k €	-4.4%	97,4 k €	+0.0%	97,4 k €	+11.0%	87,7 k €	-1.9%	89,4 k €	+0.5%	89 k €	+11.5%	79,8 k €
Operating result	24,9 k €	+3.7%	24 k €	-7.2%	25,8 k €	-31.9%	37,9 k €	+41.5%	26,8 k €	+374%	5,7 k €	-85.2%	38,1 k €	-44.7%	68,9 k €	+29.4%	53,3 k €	-3.7%	55,3 k €	-10.9%	62 k €	-38.9%	101,6 k €	+73.4%	58,6 k €	-15.2%	69,1 k €	+5.6%	65,4 k €	+25.8%	52 k €	+40.6%	37 k €	+4.6%	35,3 k €	+56.9%	22,5 k €
Net result	18,4 k €	+22.1%	15 k €	-10.1%	16,7 k €	-34.0%	25,4 k €	+44.3%	17,6 k €	+554%	2,7 k €	-89.9%	26,7 k €	-39.8%	44,4 k €	+34.5%	33 k €	+1.7%	32,5 k €	-12.7%	37,2 k €	-18.9%	45,9 k €	+46.4%	31,3 k €	-17.2%	37,8 k €	+2.1%	37 k €	+7.6%	34,4 k €	+92.1%	17,9 k €	+29.1%	13,9 k €	+227%	-10,9 k €
Balance sheet
Equity	389 k €	+5.0%	370,6 k €	+4.2%	355,6 k €	+4.9%	338,9 k €	+8.1%	313,5 k €	+5.9%	295,9 k €	+0.9%	293,2 k €	+10.0%	266,5 k €	+20.0%	222,1 k €	+17.5%	189 k €	+20.7%	156,6 k €	+31.1%	119,4 k €	+62.4%	73,5 k €	+1.8%	72,2 k €	+12.1%	64,4 k €	+25.3%	51,4 k €	+203%	17 k €	+1932%	-926,5 €	+93.7%	-14,8 k €
Total assets	406 k €	+3.7%	391,4 k €	+5.1%	372,5 k €	+4.8%	355,3 k €	+5.5%	336,7 k €	+9.4%	307,9 k €	-6.1%	327,8 k €	-22.3%	421,8 k €	+10.5%	381,6 k €	-11.6%	431,5 k €	+1.1%	426,8 k €	+47.4%	289,5 k €	-6.2%	308,5 k €	-7.4%	333 k €	-7.0%	358,2 k €	-8.2%	390,2 k €	-4.5%	408,4 k €	-9.6%	451,7 k €	-11.3%	509 k €
Cash	1,7 k €	-98.9%	147,1 k €	+19.9%	122,8 k €	+34.8%	91,1 k €	+1.2%	90 k €	+98.1%	45,4 k €	+52.8%	29,7 k €	-67.9%	92,5 k €	+156%	36,2 k €	-45.3%	66,1 k €	+85.5%	35,6 k €	-8.3%	38,8 k €	+591%	5,6 k €	-70.0%	18,7 k €	-21.3%	23,8 k €	-47.8%	45,6 k €	+61.3%	28,2 k €	+45.2%	19,5 k €	-19.3%	24,1 k €
Debts	17 k €	+19.6%	14,2 k €	+31.7%	10,8 k €	-19.8%	13,4 k €	-25.7%	18,1 k €	+108%	8,7 k €	-73.3%	32,5 k €	-79.0%	154,3 k €	-1.4%	156,5 k €	-32.5%	231,9 k €	-13.6%	268,3 k €	+59.6%	168,1 k €	-27.9%	233,1 k €	-10.6%	260,8 k €	-11.3%	293,8 k €	-13.3%	338,8 k €	-13.4%	391,5 k €	-12.6%	447,8 k €	-13.3%	516,5 k €

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 30/06/2025 · 3 active · 24 ended

Active mandates

ALBERT HUBLET

Director

Active

Marie-Madeleine Honet

Director

Active

THIBAULT HUBLET

Director

Active

Ended mandates

ALBERT HUBLET

Director · since 03 novembre 2016 · until 16 décembre 2020

Ended

HUGUES HUBLET

Director · since 03 novembre 2016 · until 16 décembre 2022

Ended

MARIE-MADELEINE HONET Marie-Madeleine

Managing director · since 03 novembre 2016 · until 16 décembre 2022

Ended

Albert HUBLET

Director · since 05 novembre 2009 · until 05 novembre 2016

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	20/12/2024	21/12/2023	13/01/2023	16/12/2021	07/01/2021
General meeting	18/11/2025	18/11/2024	20/12/2023	21/12/2022	15/12/2021	16/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	18/11/2025	30/04/2026	French	PDF
Micro model	30/06/2024	18/11/2024	20/12/2024	French	PDF
Micro model	30/06/2023	20/12/2023	21/12/2023	French	PDF
Micro model	30/06/2022	21/12/2022	13/01/2023	French	PDF
Micro model	30/06/2021	15/12/2021	16/12/2021	French	PDF
Micro model	30/06/2020	16/12/2020	07/01/2021	French	PDF
Micro model	30/06/2019	18/12/2019	23/12/2019	French	PDF
Micro model	30/06/2018	19/12/2018	26/12/2018	French	PDF
Micro model	30/06/2017	21/12/2017	30/01/2018	French	PDF
Abridged model	30/06/2016	03/11/2016	23/01/2017	French	PDF
Abridged model	30/06/2015	05/11/2015	29/12/2015	French	PDF
Abridged model	30/06/2014	05/11/2014	07/01/2015	French	PDF
Full model	30/06/2013	05/11/2013	09/01/2014	French	PDF
Abridged model	30/06/2012	05/11/2012	12/02/2013	French	PDF
Abridged model	30/06/2011	05/11/2011	30/01/2012	French	PDF
Abridged model	30/06/2010	05/11/2010	08/12/2010	French	PDF
Abridged model	30/06/2009	05/11/2009	08/12/2009	French	PDF
Abridged model	30/06/2008	04/12/2008	05/12/2008	French	PDF
Abridged model	30/06/2007	06/12/2007	28/01/2008	French	PDF
Abridged model	30/06/2006	05/11/2006	31/01/2007	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 30/06/2025 · 3 active · 24 ended

Active mandates

ALBERT HUBLET

Director

Active

Marie-Madeleine Honet

Director

Active

THIBAULT HUBLET

Director

Active

Ended mandates

ALBERT HUBLET

Director · since 03 novembre 2016 · until 16 décembre 2020

Ended

HUGUES HUBLET

Director · since 03 novembre 2016 · until 16 décembre 2022

Ended

MARIE-MADELEINE HONET Marie-Madeleine

Managing director · since 03 novembre 2016 · until 16 décembre 2022

Ended

Albert HUBLET

Director · since 05 novembre 2009 · until 05 novembre 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates24/04/2023
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2005
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 202518,4 k €↑
2024
Annual accounts 202415 k €↓
2023
Annual accounts 202316,7 k €↓
2022
Annual accounts 202225,4 k €↑
2021
Annual accounts 202117,6 k €↑
2020
Annual accounts 20202,7 k €↓
2019
Annual accounts 201926,7 k €↓
2018
Annual accounts 201844,4 k €↑
2017
Annual accounts 201733 k €↑
2016
Annual accounts 201632,5 k €↓
2015
Annual accounts 201537,2 k €↓
2014
Annual accounts 201445,9 k €↑
2013
Annual accounts 201331,3 k €↓
2012
Annual accounts 201237,8 k €↑
2011
Annual accounts 201137 k €↑
2010
Annual accounts 201034,4 k €↑
2009
Annual accounts 200917,9 k €↑
2008
Annual accounts 200813,9 k €↑
2007
Annual accounts 2007-10,9 k €
16/10/1991
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

SORENAM

Overview

What does SORENAM do?

Trend over 19 financial years

Indicative valuation

Board of directors

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