ACTIVE

C.B.S. IMMO II

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Financial year 2025 · closed on 31/12/2025

Net result

2,2 M €

+876.9% YoY

Gross margin

96,9 k €

-36.0% YoY

Equity

5,7 M €

-40.0% YoY

Workforce

2,0 ETP

0.0% YoY

What does C.B.S. IMMO II do?

C.B.S. IMMO II 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 Antwerpen. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.614.139

Incorporation

01/11/1991

Legal form

Public limited company

Registered office

Schupstraat 1
2018 Antwerpen · FlandreSee on map

Contributed capital

2 000 000,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 46450Wholesale of perfume and cosmetics 46450Wholesale of perfume and cosmetics 51450Air transport 70321Activities of head offices; management consultancy activities+2

Joint committees (3)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	96,9 k €	-36.0%	151,3 k €	-90.2%	1,6 M €	+5046%	-31,4 k €	-105%	579,8 k €		–		–		–		–		–		729,6 k €	-29.6%	1 M €	-51.4%	2,1 M €	+17.7%	1,8 M €	+11.9%	1,6 M €	+15.7%	1,4 M €	-33.6%	2,1 M €	-13.1%	2,4 M €	+35.4%	1,8 M €
EBITDA	-109,3 k €	-247%	-31,5 k €	-102%	1,4 M €	+668%	-239,2 k €	-173%	329,6 k €	+186%	115,4 k €	-87.0%	887,7 k €	-46.9%	1,7 M €	+238%	495,6 k €	-60.6%	1,3 M €	+179%	449,8 k €	-30.0%	642,4 k €	-64.4%	1,8 M €	+17.7%	1,5 M €	+14.7%	1,3 M €	+16.7%	1,1 M €	-38.3%	1,9 M €	-14.0%	2,2 M €	+42.4%	1,5 M €
Operating result	-163,5 k €	-89.8%	-86,2 k €	-107%	1,3 M €	+577%	191 k €	-23.4%	249,3 k €	+1387%	16,8 k €	-96.5%	483,8 k €	-65.7%	1,4 M €	+524%	225,9 k €	-76.6%	967,1 k €	+321%	229,7 k €	-42.5%	399,2 k €	-74.8%	1,6 M €	+22.8%	1,3 M €	+14.0%	1,1 M €	+43.6%	788,9 k €	-51.5%	1,6 M €	-15.6%	1,9 M €	+54.2%	1,2 M €
Net result	2,2 M €	+877%	222,3 k €	-79.3%	1,1 M €	+494%	-273 k €	-563%	-41,2 k €	-155%	75,4 k €	+115%	-492,2 k €	-157%	863,3 k €	+1125%	-84,2 k €	+68.0%	-263,6 k €	-194%	279,7 k €	-40.5%	470,2 k €	-58.9%	1,1 M €	+99.2%	574,3 k €	-43.8%	1 M €	+477%	177,1 k €	-77.0%	771,2 k €	-21.5%	982,2 k €	+97.8%	496,6 k €
Balance sheet
Equity	5,7 M €	-40.0%	9,6 M €	+2.4%	9,3 M €	+13.0%	8,3 M €	-3.2%	8,5 M €	-0.5%	8,6 M €	+0.9%	8,5 M €	-5.5%	9 M €	+10.6%	8,1 M €	-0.6%	8,2 M €	+1.2%	8,1 M €	+3.6%	7,8 M €	+6.4%	7,3 M €	+19.1%	6,2 M €	+10.3%	5,6 M €	+22.4%	4,6 M €	+4.0%	4,4 M €	+21.3%	3,6 M €	+37.3%	2,6 M €
Total assets	7,1 M €	-40.6%	11,9 M €	-2.3%	12,2 M €	+8.8%	11,2 M €	-8.3%	12,2 M €	-8.1%	13,3 M €	-19.0%	16,4 M €	-4.6%	17,2 M €	+2.8%	16,8 M €	-5.9%	17,8 M €	-2.7%	18,3 M €	-14.4%	21,4 M €	-0.3%	21,4 M €	-1.3%	21,7 M €	+0.7%	21,6 M €	+0.5%	21,5 M €	-7.0%	23,1 M €	+18.1%	19,5 M €	-6.7%	20,9 M €
Cash	724,2 k €	-86.4%	5,3 M €	+14.5%	4,6 M €	+36.7%	3,4 M €	-5.0%	3,6 M €	+261%	989,3 k €	+133%	425,3 k €	-51.3%	872,9 k €	+499%	145,8 k €	-76.5%	619,8 k €	+413%	120,9 k €	-73.6%	457,3 k €	-42.8%	800 k €	-34.6%	1,2 M €	+346%	273,8 k €	+84.3%	148,6 k €	-67.8%	460,9 k €	-47.3%	873,9 k €	+188%	303,3 k €
Debts	1,3 M €	-43.0%	2,3 M €	-13.1%	2,6 M €	-3.4%	2,7 M €	+0.2%	2,7 M €	-21.4%	3,4 M €	-46.0%	6,3 M €	-5.4%	6,7 M €	-8.4%	7,3 M €	-8.1%	8 M €	-13.4%	9,2 M €	-27.2%	12,6 M €	-3.8%	13,1 M €	-11.8%	14,9 M €	-4.7%	15,6 M €	-6.2%	16,7 M €	-10.1%	18,6 M €	+17.1%	15,8 M €	-12.7%	18,1 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	-19.4%	3,1 ETP	-6.1%	3,3 ETP	0.0%	3,3 ETP	0.0%	3,3 ETP	0.0%	3,3 ETP	0.0%	3,3 ETP	+6.5%	3,1 ETP	-6.1%	3,3 ETP	-21.4%	4,2 ETP	+5.0%	4,0 ETP	+14.3%	3,5 ETP	+2.9%	3,4 ETP	+17.2%	2,9 ETP	+16.0%	2,5 ETP	-28.6%	3,5 ETP	+25.0%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 18 ended

Active mandates

Frédérique Brachfeld

Director · since 06 juin 2025 · until 06 juin 2031

Active

VLIMMO - INVEST

Managing director · since 03 juin 2022 · until 02 juin 2028 · 0460.814.039

Represented by Denise Bolsens

Active

Robert Brachfeld

Director · since 07 septembre 2021 · until 04 juin 2027

Active

Denise Bolsens

Administrator - manager · since 01 janvier 2016

Active

Ended mandates

VLIMMO - INVEST

Managing director · since 03 juin 2022 · until 02 juin 2028 · 0460.814.039

Represented by Denise Bolsens

Ended

Robert Aaron Brachfeld

Director · since 07 septembre 2021 · until 05 juin 2026

Ended

Frédérique Brachfeld

Director · since 03 août 2019 · until 06 juin 2025

Ended

VLIMMO - INVEST

Managing director · since 03 juin 2016 · until 03 juin 2022 · 0460.814.039

Represented by Denise Bolsens

Ended

At this address

Other companies at this address

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AARIMMO● Active	0455.897.129
AZAR ANTWERP● Active	0439.926.870
BELGAMER INVESTMENTS● Active	0431.231.514
EURO GEMS● Liquidation	0449.803.945
JAY DIAMOND● Active	0563.677.787
Kimberley House● Liquidation	0406.135.931
Lerimo● Liquidation	0412.618.402
L HOLDINGS● Active	0742.543.809
NOBUMA● Active	0691.865.465
OGI SYSTEMS EUROPE● Active	0473.352.377
PASHA HANDELSKANTOOR● Liquidation	0426.131.886
POTENTIAL● Active	0464.609.016
QUALITY BOILING● Active	0508.810.332
QUALITY BOILING INVESTMENT● Active	0655.673.775
SHOUR DIAMONDS● Active	0869.631.922
SWATI GEMS● Active	0433.686.802
VLIMMO - INVEST● Active	0460.814.039

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	22/08/2025	26/09/2024	29/09/2023	22/09/2022	30/09/2021
General meeting	31/07/2026	06/06/2025	25/09/2024	27/09/2023	16/09/2022	07/09/2021
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

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/07/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	22/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/09/2024	26/09/2024	Dutch	PDF
Abridged model	31/12/2022	27/09/2023	29/09/2023	Dutch	PDF
Abridged model	31/12/2021	16/09/2022	22/09/2022	Dutch	PDF
Full model	31/12/2020	07/09/2021	30/09/2021	Dutch	PDF
Full model	31/12/2019	14/08/2020	29/10/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	23/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	07/09/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	01/07/2015	Dutch	PDF
Abridged modelCorrection	31/12/2013	06/06/2014	02/10/2014	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	16/07/2013	Dutch	PDF
Abridged modelCorrection	31/12/2011	01/06/2012	12/10/2012	Dutch	PDF
Abridged modelCorrection	31/12/2011	01/06/2012	14/09/2012	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	11/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	05/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	07/12/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	29/07/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	31/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 4 active · 18 ended

Active mandates

Frédérique Brachfeld

Director · since 06 juin 2025 · until 06 juin 2031

Active

VLIMMO - INVEST

Managing director · since 03 juin 2022 · until 02 juin 2028 · 0460.814.039

Represented by Denise Bolsens

Active

Robert Brachfeld

Director · since 07 septembre 2021 · until 04 juin 2027

Active

Denise Bolsens

Administrator - manager · since 01 janvier 2016

Active

Ended mandates

VLIMMO - INVEST

Managing director · since 03 juin 2022 · until 02 juin 2028 · 0460.814.039

Represented by Denise Bolsens

Ended

Robert Aaron Brachfeld

Director · since 07 septembre 2021 · until 05 juin 2026

Ended

Frédérique Brachfeld

Director · since 03 août 2019 · until 06 juin 2025

Ended

VLIMMO - INVEST

Managing director · since 03 juin 2016 · until 03 juin 2022 · 0460.814.039

Represented by Denise Bolsens

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other28/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/12/2015
ONTSLAGEN - BENOEMINGEN
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 20252,2 M €↑
2024
Annual accounts 2024222,3 k €↓
2023
Annual accounts 20231,1 M €↑
2022
Annual accounts 2022-273 k €↓
2021
Annual accounts 2021-41,2 k €↓
2020
Annual accounts 202075,4 k €↑
2019
Annual accounts 2019-492,2 k €↓
2018
Annual accounts 2018863,3 k €↑
2017
Annual accounts 2017-84,2 k €↑
2016
Annual accounts 2016-263,6 k €↓
2014
Annual accounts 2014279,7 k €↓
2013
Annual accounts 2013470,2 k €↓
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 2011574,3 k €↓
2010
Annual accounts 20101 M €↑
2009
Annual accounts 2009177,1 k €↓
2008
Annual accounts 2008771,2 k €↓
2007
Annual accounts 2007982,2 k €↑
2006
Annual accounts 2006496,6 k €
01/11/1991
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

C.B.S. IMMO II

Overview

What does C.B.S. IMMO II 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