ACTIVE

IMMO SAPP

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Financial year 2025 · closed on 31/12/2025

Net result

-3,5 k €

+89.6% YoY

Gross margin

32,3 k €

+8328.1% YoY

Equity

2,8 M €

-0.1% YoY

What does IMMO SAPP do?

IMMO SAPP is a Public limited company incorporated in 1992. Its registered office is in Thuin.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.742.102

Incorporation

25/06/1992

Legal form

Public limited company

Registered office

Rue Capitaine Schirmeyer(GOZ) 3
6534 Thuin · WallonieSee on map

Contributed capital

851 560,69 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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
Gross margin	32,3 k €	+8328%	383,4 €	-100.0%	1,8 M €	+2265%	74,7 k €	-0.4%	75 k €	+31.2%	57,2 k €	+102%	28,3 k €	+111%	-248,8 k €	-326%	110,3 k €	-51.7%	228,4 k €	+170%	84,7 k €	+445%	15,6 k €	-79.0%	74,2 k €	-29.6%	105,5 k €	+39.7%	75,5 k €	-6.9%	81,1 k €	-45.8%	149,8 k €	-53.2%	320 k €	+104%	156,7 k €	+0.1%	156,6 k €
EBITDA	18,3 k €	+237%	-13,3 k €	-101%	1,8 M €	+3013%	56,2 k €	-0.7%	56,7 k €	+54.4%	36,7 k €	+171%	13,5 k €	+105%	-287 k €	-1096%	28,8 k €	-83.1%	170,9 k €	+700%	21,4 k €	+540%	3,3 k €	-94.5%	60,3 k €	-35.7%	93,7 k €	+79.3%	52,3 k €	-14.2%	60,9 k €	-54.1%	132,9 k €	-56.5%	305,3 k €	+117%	140,5 k €	-2.0%	143,4 k €
Operating result	16,9 €	+100%	-31,6 k €	-102%	1,7 M €	+18644%	-9,2 k €	-181%	-3,3 k €	+73.0%	-12,1 k €	+60.8%	-30,8 k €	+90.5%	-322,8 k €	-429%	-61 k €	-176%	80,2 k €	+259%	-50,6 k €	+35.1%	-78 k €	-180%	-27,8 k €	-228%	21,7 k €	+263%	-13,3 k €	+51.9%	-27,7 k €	-205%	26,4 k €	-86.6%	197,8 k €	+426%	37,6 k €	-40.6%	63,3 k €
Net result	-3,5 k €	+89.6%	-33,1 k €	-103%	1,3 M €	+366%	-477,4 k €	-2486%	-18,5 k €	-216%	16 k €	+138%	-41,9 k €	-113%	332,2 k €	+1257%	24,5 k €	-17.4%	29,6 k €	-73.3%	111,1 k €	+219%	-93,1 k €	-224%	-28,8 k €	-214%	25,2 k €	-83.8%	155,5 k €	+11256%	-1,4 k €	-111%	12,3 k €	-88.7%	108,8 k €	+806%	-15,4 k €	-228%	12 k €
Balance sheet
Equity	2,8 M €	-0.1%	2,8 M €	-1.2%	2,8 M €	+81.9%	1,6 M €	-23.5%	2 M €	-0.9%	2,1 M €	+0.8%	2 M €	-2.0%	2,1 M €	+19.1%	1,7 M €	+1.4%	1,7 M €	+1.8%	1,7 M €	+16.4%	1,5 M €	-6.0%	1,5 M €	-1.8%	1,6 M €	+1.5%	1,5 M €	+11.2%	1,4 M €	-0.1%	1,4 M €	+0.9%	1,4 M €	+8.5%	1,3 M €	-1.2%	1,3 M €
Total assets	2,8 M €	-0.3%	2,8 M €	-1.0%	2,9 M €	-14.1%	3,3 M €	+3.4%	3,2 M €	+1.9%	3,2 M €	+7.3%	2,9 M €	+4.5%	2,8 M €	-15.9%	3,4 M €	-7.6%	3,6 M €	+0.3%	3,6 M €	+0.5%	3,6 M €	+19.5%	3 M €	+63.7%	1,8 M €	-4.7%	1,9 M €	-10.5%	2,2 M €	+2.1%	2,1 M €	-12.0%	2,4 M €	+7.4%	2,2 M €	+10.7%	2 M €
Cash	65,2 k €	+57.4%	41,4 k €	-94.7%	778,8 k €	+445%	142,8 k €	+497%	23,9 k €	-63.0%	64,6 k €	+127%	28,4 k €	-83.4%	171,4 k €	+965%	16,1 k €	-76.4%	68,1 k €	-77.7%	305,6 k €	+3131%	9,5 k €	-91.7%	114,5 k €	+65.0%	69,4 k €	-84.3%	441,4 k €	+3727%	11,5 k €	-85.2%	77,8 k €	-68.3%	245,1 k €	+722%	29,8 k €	-20.9%	37,7 k €
Debts	33,1 k €	-12.2%	37,7 k €	+15.2%	32,7 k €	-98.1%	1,7 M €	+52.0%	1,1 M €	+7.6%	1,1 M €	+23.6%	854,9 k €	+25.7%	679,9 k €	-53.6%	1,5 M €	-17.7%	1,8 M €	-1.0%	1,8 M €	-12.6%	2,1 M €	+50.0%	1,4 M €	+730%	165,3 k €	-40.4%	277,4 k €	-60.5%	701,8 k €	+7.7%	651,3 k €	-30.9%	943,1 k €	+5.9%	890,7 k €	+35.7%	656,2 k €
Other
Workforce	–		–		–		–		–		–		–		2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+11.1%	1,8 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 · 24 ended

Active mandates

Stelios STAMATIADIS

Director · since 01 septembre 2024 · until 31 mars 2025

Active

Anthony STAMATIADIS

Director · since 16 juin 2021 · until 16 juin 2027

Active

Giuseppina CAZZATO

Director · since 16 juin 2021 · until 01 octobre 2025

Active

Paolo STAMATIADIS

Director · since 16 juin 2021 · until 16 juin 2027

Active

Ended mandates

Giuseppina CAZZATO

Director · since 16 juin 2021 · until 16 juin 2027

Ended

Stélios STAMATIADIS

Administrateur délégué à la gestion journaliè · since 16 juin 2021 · until 07 avril 2024

Ended

Stélios STAMATIADIS

Administrateur délégué à la gestion journaliè · since 16 juin 2021 · until 16 juin 2027

Ended

Stélios STAMATIADIS

Chairman of the board of directors · since 16 juin 2021 · until 07 avril 2024

Ended

At this address

Other companies at this address

Company	CBE no.
GROUP IMMO S.M.● Active	0832.112.718
P ET A COMPANY● Bankrupt	0443.397.193
TOPPER COMPANY● Active	0437.367.753

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	02/07/2026	18/07/2025	24/06/2024	17/08/2023	11/08/2022	27/08/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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
Abridged model	31/12/2025	16/06/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	24/06/2024	French	PDF
Abridged model	31/12/2022	20/06/2023	17/08/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	11/08/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	16/06/2020	14/08/2020	French	PDF
Abridged model	31/12/2018	18/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	19/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	20/06/2017	21/09/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	21/08/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	21/06/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	25/08/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	24/07/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	19/07/2007	French	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 · 24 ended

Active mandates

Stelios STAMATIADIS

Director · since 01 septembre 2024 · until 31 mars 2025

Active

Anthony STAMATIADIS

Director · since 16 juin 2021 · until 16 juin 2027

Active

Giuseppina CAZZATO

Director · since 16 juin 2021 · until 01 octobre 2025

Active

Paolo STAMATIADIS

Director · since 16 juin 2021 · until 16 juin 2027

Active

Ended mandates

Giuseppina CAZZATO

Director · since 16 juin 2021 · until 16 juin 2027

Ended

Stélios STAMATIADIS

Administrateur délégué à la gestion journaliè · since 16 juin 2021 · until 07 avril 2024

Ended

Stélios STAMATIADIS

Administrateur délégué à la gestion journaliè · since 16 juin 2021 · until 16 juin 2027

Ended

Stélios STAMATIADIS

Chairman of the board of directors · since 16 juin 2021 · until 07 avril 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/09/2021
DEMISSIONS, NOMINATIONS
PDF
Registered office23/09/2020
SIEGE SOCIAL
PDF
Mandates14/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2015
DEMISSIONS, NOMINATIONS
PDF
Other20/01/2012
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

2025
Annual accounts 2025-3,5 k €↑
2024
Annual accounts 2024-33,1 k €↓
2023
Annual accounts 20231,3 M €↑
2022
Annual accounts 2022-477,4 k €↓
2021
Annual accounts 2021-18,5 k €↓
2020
Annual accounts 202016 k €↑
2019
Annual accounts 2019-41,9 k €↓
2018
Annual accounts 2018332,2 k €↑
2017
Annual accounts 201724,5 k €↓
2016
Annual accounts 201629,6 k €↓
2015
Annual accounts 2015111,1 k €↑
2014
Annual accounts 2014-93,1 k €↓
2013
Annual accounts 2013-28,8 k €↓
2012
Annual accounts 201225,2 k €↓
2011
Annual accounts 2011155,5 k €↑
2010
Annual accounts 2010-1,4 k €↓
2009
Annual accounts 200912,3 k €↓
2008
Annual accounts 2008108,8 k €↑
2007
Annual accounts 2007-15,4 k €↓
2006
Annual accounts 200612 k €
25/06/1992
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

IMMO SAPP

Overview

What does IMMO SAPP 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