ACTIVE

IRET INVESTMENT

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Financial year 2025 · closed on 31/12/2025

Net result

6,7 M €

-76.3% YoY

Equity

274 M €

+2.5% YoY

Workforce

0,0 ETP

-100.0% YoY

What does IRET INVESTMENT do?

IRET INVESTMENT is a Public limited company incorporated in 1992. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.846.129

Incorporation

03/07/1992

Legal form

Public limited company

Registered office

Lange Gasthuisstraat 35-37
2000 Antwerpen · FlandreSee on map

Contributed capital

125 209 676,25 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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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	–		–		–		–		–		–		–		–		–		–		575 k €		–		–		–		–		–		–		–		25,3 k €	-94.3%	442,2 k €
EBITDA	-1,3 M €	-33.3%	-976,8 k €	-182%	-346 k €	-533%	-54,7 k €	+91.7%	-661,7 k €	+87.8%	-5,4 M €	-761%	823,1 k €	+129%	-2,8 M €	-340%	-645,2 k €	-6.3%	-606,9 k €	-168%	-226,8 k €	+46.0%	-420,1 k €	-130%	1,4 M €	+8.3%	1,3 M €	-63.3%	3,5 M €	-0.5%	3,5 M €	+221%	1,1 M €	+165%	-1,7 M €	-168%	-625,2 k €	+36.4%	-982,5 k €
Operating result	574,4 k €	+169%	-837 k €	-169%	1,2 M €	+2322%	-54,7 k €	+91.2%	-619,9 k €	+88.6%	-5,4 M €	-761%	823,1 k €	+129%	-2,8 M €	-331%	-659,2 k €	-5.8%	-622,9 k €	-157%	-242,8 k €	+68.0%	-758,3 k €	-155%	1,4 M €	+9.7%	1,2 M €	-64.0%	3,5 M €	-0.7%	3,5 M €	+227%	1,1 M €	+163%	-1,7 M €	-166%	-637,4 k €	+35.5%	-987,6 k €
Net result	6,7 M €	-76.3%	28,1 M €	+784%	3,2 M €	-94.3%	55,7 M €	+22.2%	45,6 M €	+3627%	-1,3 M €	-102%	57,4 M €	+3074%	-1,9 M €	+49.4%	-3,8 M €	-115%	24,9 M €	+34.5%	18,5 M €	-4.7%	19,4 M €	+702%	2,4 M €	+206%	-2,3 M €	-143%	5,3 M €	-59.4%	13,1 M €	+778%	1,5 M €	-74.3%	5,8 M €	-79.4%	28,3 M €	+75.9%	16,1 M €
Balance sheet
Equity	274 M €	+2.5%	267,3 M €	+11.8%	239,2 M €	+10.7%	216 M €	+34.8%	160,3 M €	+39.8%	114,7 M €	-44.3%	206 M €	+38.6%	148,6 M €	-1.3%	150,5 M €	-2.5%	154,3 M €	+19.2%	129,4 M €	+16.7%	110,9 M €	+1.3%	109,5 M €	+2.0%	107,4 M €	-2.1%	109,7 M €	-12.0%	124,6 M €	-12.3%	142,1 M €	+1.1%	140,6 M €	+4.3%	134,7 M €	+26.6%	106,4 M €
Total assets	604,7 M €	+2.7%	588,7 M €	+15.1%	511,5 M €	+16.8%	438,1 M €	+18.2%	370,7 M €	+15.3%	321,4 M €	-1.1%	324,9 M €	-23.3%	423,3 M €	+10.4%	383,4 M €	+10.1%	348,2 M €	+20.7%	288,4 M €	+15.4%	250 M €	+121%	113,2 M €	+3.9%	108,9 M €	-17.2%	131,6 M €	-17.1%	158,7 M €	-0.3%	159,3 M €	+9.6%	145,3 M €	+5.4%	137,9 M €	+12.0%	123,1 M €
Cash	4,9 M €	+100%	2,4 M €	+89.4%	1,3 M €	-93.5%	19,7 M €	+300%	4,9 M €	-21.6%	6,3 M €	+3124%	194,9 k €	-99.8%	87,9 M €	+73454%	119,4 k €	-99.5%	25,8 M €	+2620%	946,9 k €	-97.3%	34,9 M €	+60024%	58 k €	+109%	27,7 k €	-99.8%	17,2 M €	-5.2%	18,1 M €	+31.7%	13,8 M €	-29.3%	19,5 M €	-11.9%	22,1 M €	+16.0%	19,1 M €
Debts	330,6 M €	+2.9%	321,3 M €	+18.1%	272,1 M €	+22.6%	221,9 M €	+5.6%	210,2 M €	+1.8%	206,5 M €	+74.0%	118,7 M €	-56.3%	271,8 M €	+18.3%	229,8 M €	+20.2%	191,1 M €	+22.1%	156,5 M €	+14.6%	136,6 M €	+11560%	1,2 M €	+354%	258 k €	-98.7%	20,5 M €	-37.5%	32,7 M €	+104%	16,1 M €	+348%	3,6 M €	+14.5%	3,1 M €	-81.3%	16,7 M €
Other
Workforce	0,0 ETP	-100%	0,9 ETP		–		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-90.0%	1,0 ETP	-41.2%	1,7 ETP	+21.4%	1,4 ETP	+27.3%	1,1 ETP	0.0%	1,1 ETP	0.0%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

INTERGERIM

Managing director · since 07 septembre 2023 · until 07 septembre 2029 · 0447.757.344

Represented by ERIC DE VOCHT

Active

JOSTI

Director · since 07 septembre 2023 · until 07 septembre 2029 · 0447.824.551

Represented by MARYSE ODEURS

Active

Ended mandates

A. VAN RYSSEGHEM BEDRIJFSREVISOREN

Director · since 15 mai 2011 · until 15 mai 2014 · 0476.653.050

Represented by Ann Van Rysseghem

Ended

INTERGERIM

Manager · 0447.757.344

Represented by Eric De Vocht

Ended

INTERGERIM

Manager · 0447.757.344

Represented by Eric De Vocht

Ended

INTERGERIM

Manager · 0447.757.344

Represented by Eric De Vocht

Ended

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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	15/06/2026	11/07/2025	05/06/2024	02/06/2023	11/07/2022	03/06/2021
General meeting	15/05/2026	05/06/2025	15/05/2024	15/05/2023	16/05/2022	17/05/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	11/07/2025	Dutch	PDF
m122-f-p	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Full model	31/12/2023	15/05/2024	05/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	02/06/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	11/07/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	03/06/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	10/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	31/08/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	23/12/2016	23/12/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	15/05/2014	30/09/2014	Dutch	PDF
Full model	31/12/2012	15/05/2013	10/10/2013	Dutch	PDF
Full model	31/12/2011	15/05/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	16/05/2011	30/09/2011	Dutch	PDF
Full model	31/12/2009	15/05/2010	30/08/2010	Dutch	PDF
Full model	31/12/2008	15/05/2009	28/08/2009	Dutch	PDF
Full model	31/12/2007	15/05/2008	29/08/2008	Dutch	PDF
Full model	31/12/2006	15/05/2007	27/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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 · 2 active · 5 ended

Active mandates

INTERGERIM

Managing director · since 07 septembre 2023 · until 07 septembre 2029 · 0447.757.344

Represented by ERIC DE VOCHT

Active

JOSTI

Director · since 07 septembre 2023 · until 07 septembre 2029 · 0447.824.551

Represented by MARYSE ODEURS

Active

Ended mandates

A. VAN RYSSEGHEM BEDRIJFSREVISOREN

Director · since 15 mai 2011 · until 15 mai 2014 · 0476.653.050

Represented by Ann Van Rysseghem

Ended

INTERGERIM

Manager · 0447.757.344

Represented by Eric De Vocht

Ended

INTERGERIM

Manager · 0447.757.344

Represented by Eric De Vocht

Ended

INTERGERIM

Manager · 0447.757.344

Represented by Eric De Vocht

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates11/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other16/11/2017
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates31/03/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2014
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 20256,7 M €↓
2024
Annual accounts 202428,1 M €↑
15/05/2024
reconductionÖmer Turna — commissaris
15/04/2024
reconductionEric DE VOCHT — gedelegeerd bestuurder
2023
Annual accounts 20233,2 M €↓
2023
Name changeIRET Investment
2022
Annual accounts 202255,7 M €↑
2021
Annual accounts 202145,6 M €↑
17/05/2021
nominationOmer Turna — commissaris
2020
Annual accounts 2020-1,3 M €↓
2019
Annual accounts 201957,4 M €↑
2018
Annual accounts 2018-1,9 M €↑
2017
Annual accounts 2017-3,8 M €↓
2016
Annual accounts 201624,9 M €↑
2015
Annual accounts 201518,5 M €↓
2014
Annual accounts 201419,4 M €↑
2013
Annual accounts 20132,4 M €↑
2012
Annual accounts 2012-2,3 M €↓
2011
Annual accounts 20115,3 M €↓
2010
Annual accounts 201013,1 M €↑
2009
Annual accounts 20091,5 M €↓
2008
Annual accounts 20085,8 M €↓
2007
Annual accounts 200728,3 M €↑
2006
Annual accounts 200616,1 M €
2006
Name changeINTER REAL ESTATE TRUSTY
03/07/1992
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

IRET INVESTMENT

Overview

What does IRET INVESTMENT 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