ACTIVE

IMMO APPELS

Financial year 2025 · closed on 31/08/2025
Net result
125,6 k €
+67.4% YoY
Gross margin
946,1 k €
+2.4% YoY
Equity
7,4 M €
+1.7% YoY

What does IMMO APPELS do?

IMMO APPELS is a Public limited company incorporated in 1993. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0449.442.570
Incorporation
09/02/1993
Legal form
Public limited company
Registered office
Place du Samedi 1
1000 Bruxelles · BruxellesSee on map
Contributed capital
155 000,00 €
Latest accounts
31/08/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin946,1 k €924,3 k €1,4 M €1,4 M €1,3 M €3,7 M €1,3 M €1,2 M €1,3 M €1,3 M €1,6 M €1,5 M €5 M €894,1 k €614,9 k €358,7 k €471,7 k €545 k €476,4 k €
EBITDA882,5 k €864,6 k €1,3 M €1,3 M €1,3 M €3,7 M €1,2 M €1,1 M €1,1 M €1,2 M €1,5 M €1,4 M €4,9 M €828,8 k €596 k €316,2 k €434,1 k €508,5 k €444,5 k €
Operating result316,4 k €298,6 k €775,7 k €563,3 k €539,1 k €2,9 M €474,9 k €395,3 k €350,3 k €520,3 k €761,5 k €715,1 k €4,2 M €-632 k €128 k €-394,4 k €188,5 k €257,5 k €185,7 k €
Net result125,6 k €75,1 k €446,5 k €304,4 k €266,8 k €2,7 M €188,6 k €112,5 k €79,8 k €215,4 k €318,7 k €279,5 k €5,2 M €-1,1 M €-219,9 k €-2,6 M €960,6 k €-57,5 k €-108,7 k €
Balance sheet
Equity7,4 M €7,3 M €7,2 M €6,8 M €6,5 M €6,2 M €3,5 M €3,4 M €3,2 M €3,2 M €2,9 M €2,6 M €2,3 M €-2,9 M €-1,8 M €-1,6 M €1 M €49,3 k €106,9 k €
Total assets10,5 M €11,3 M €12,1 M €13,1 M €14 M €14,6 M €13,3 M €13,2 M €12,6 M €13,1 M €13,2 M €13,9 M €14,2 M €16,3 M €9,2 M €7,4 M €5,2 M €5 M €5,3 M €
Cash134,2 k €91,7 k €36,1 k €845,6 €177,5 k €436,9 k €13,5 k €22,2 k €145,4 k €84 k €56,7 k €80 k €83 k €19,6 k €183,4 k €113,3 k €83,2 k €220,2 k €
Debts2,7 M €3,6 M €4,4 M €5,8 M €6,9 M €7,8 M €9 M €9 M €8,5 M €9 M €9,3 M €10,3 M €10,8 M €18,7 M €10,5 M €8,4 M €3,6 M €4,8 M €5,1 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/08/2025 · 3 active · 20 ended

Active mandates

Dan Appelstein

Director · since 24 janvier 2022 · until 24 janvier 2028

Active
Stephan Jeger

Managing director · since 03 avril 2007 · until 31 août 2025

Active
A & S DISTRIBUTION

Managing director · until 31 août 2025 · 0473.945.166

Represented by Jacques Appelstein

Active

Ended mandates

Stephan Jeger

Managing director · since 03 avril 2007 · until 29 janvier 2024

Ended
Stephan JEGER

Managing director · since 03 avril 2007 · until 28 janvier 2013

Ended
A & S DISTRIBUTION

Managing director · since 29 janvier 2007 · until 20 décembre 2012 · 0473.945.166

Represented by Jacques Appelstein

Ended
A & S DISTRIBUTION

Managing director · since 29 janvier 2007 · until 28 janvier 2013 · 0473.945.166

Represented by Jacques Appelstein

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/09/202401/09/202301/09/202201/09/202101/09/202001/09/2019
Closing of the financial year31/08/202531/08/202431/08/202331/08/202231/08/202131/08/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date05/06/202613/03/202526/02/202416/02/202303/03/202223/02/2021
General meeting26/01/202627/01/202522/01/202423/01/202324/01/202225/01/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/08/202526/01/202605/06/2026FrenchPDF
Abridged model31/08/202427/01/202513/03/2025FrenchPDF
Abridged model31/08/202322/01/202426/02/2024FrenchPDF
Abridged model31/08/202223/01/202316/02/2023FrenchPDF
Abridged model31/08/202124/01/202203/03/2022FrenchPDF
Abridged model31/08/202025/01/202123/02/2021FrenchPDF
Abridged model31/08/201927/01/202027/02/2020FrenchPDF
Abridged model31/08/201828/01/201928/02/2019FrenchPDF
Abridged model31/08/201722/01/201826/02/2018FrenchPDF
Abridged model31/08/201623/01/201724/02/2017FrenchPDF
Abridged model31/08/201525/01/201602/02/2016FrenchPDF
Abridged model31/08/201423/03/201525/03/2015FrenchPDF
Abridged model31/08/201319/12/201328/03/2014FrenchPDF
Abridged model31/08/201220/12/201217/09/2013FrenchPDF
Abridged model31/08/201130/01/201229/03/2012FrenchPDF
Abridged model31/08/201031/01/201125/02/2011FrenchPDF
Abridged model31/08/200915/02/201029/03/2010FrenchPDF
Abridged model31/08/200816/02/200927/03/2009FrenchPDF
Abridged model31/08/200728/01/200807/03/2008FrenchPDF
Abridged model31/08/200629/01/200730/03/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/08/2025 · 3 active · 20 ended

Active mandates

Dan Appelstein

Director · since 24 janvier 2022 · until 24 janvier 2028

Active
Stephan Jeger

Managing director · since 03 avril 2007 · until 31 août 2025

Active
A & S DISTRIBUTION

Managing director · until 31 août 2025 · 0473.945.166

Represented by Jacques Appelstein

Active

Ended mandates

Stephan Jeger

Managing director · since 03 avril 2007 · until 29 janvier 2024

Ended
Stephan JEGER

Managing director · since 03 avril 2007 · until 28 janvier 2013

Ended
A & S DISTRIBUTION

Managing director · since 29 janvier 2007 · until 20 décembre 2012 · 0473.945.166

Represented by Jacques Appelstein

Ended
A & S DISTRIBUTION

Managing director · since 29 janvier 2007 · until 28 janvier 2013 · 0473.945.166

Represented by Jacques Appelstein

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other19/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Registered office09/01/2023
    SIEGE SOCIAL
    PDF
  • Mandates29/04/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office21/08/2018
    SIEGE SOCIAL
    PDF
  • Mandates12/04/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/07/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office25/10/2012
    SIEGE SOCIAL
    PDF
  • Registered office20/04/2009
    TRANSFERT DE SIEGE
    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

Timeline

  1. 2025
    Annual accounts 2025125,6 k €
  2. 2024
    Annual accounts 202475,1 k €
  3. 2023
    Annual accounts 2023446,5 k €
  4. 2022
    Annual accounts 2022304,4 k €
  5. 2021
    Annual accounts 2021266,8 k €
  6. 2020
    Annual accounts 20202,7 M €
  7. 2019
    Annual accounts 2019188,6 k €
  8. 2018
    Annual accounts 2018112,5 k €
  9. 2017
    Annual accounts 201779,8 k €
  10. 2016
    Annual accounts 2016215,4 k €
  11. 2015
    Annual accounts 2015318,7 k €
  12. 2014
    Annual accounts 2014279,5 k €
  13. 2013
    Annual accounts 20135,2 M €
  14. 2012
    Annual accounts 2012-1,1 M €
  15. 2011
    Annual accounts 2011-219,9 k €
  16. 2010
    Annual accounts 2010-2,6 M €
  17. 2009
    Annual accounts 2009960,6 k €
  18. 2008
    Annual accounts 2008-57,5 k €
  19. 2007
    Annual accounts 2007-108,7 k €
  20. 09/02/1993
    IncorporationPublic limited company