ACTIVE

IMMOPHAR

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Financial year 2025 · closed on 31/12/2025

Net result

461,4 k €

+78.3% YoY

Gross margin

762,4 k €

+70.4% YoY

Equity

1,8 M €

+29.9% YoY

What does IMMOPHAR do?

IMMOPHAR is a Public limited company incorporated in 1993. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Oosterzele.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.756.930

Incorporation

24/03/1993

Legal form

Public limited company

Registered office

Leeg Bracht 21
9860 Oosterzele · FlandreSee on map

Contributed capital

89 250,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 69201Accounting, bookkeeping and auditing activities; tax consultancy 69201Accounting, bookkeeping and auditing activities; tax consultancy

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	762,4 k €	+70.4%	447,4 k €	+60.9%	278,1 k €	+1709%	15,4 k €	-94.7%	290 k €	+119%	132,6 k €	+57.0%	84,5 k €	-13.3%	97,4 k €	-7.8%	105,7 k €	+31.2%	80,5 k €	-2.9%	82,9 k €	-4.6%	86,9 k €	+14.9%	75,6 k €	+0.6%	75,2 k €	-24.1%	99,1 k €	+33.2%	74,4 k €	+60.2%	46,4 k €	-5.6%	49,2 k €
EBITDA	751,1 k €	+72.2%	436,3 k €	+63.9%	266,3 k €	+3438%	7,5 k €	-97.3%	283,6 k €	+119%	129,4 k €	+59.8%	81 k €	-13.9%	94,1 k €	-7.9%	102,2 k €	+34.2%	76,1 k €	-4.7%	79,9 k €	-4.3%	83,5 k €	+15.3%	72,5 k €	-0.8%	73,1 k €	-24.6%	96,9 k €	+34.6%	72 k €	+66.4%	43,3 k €	-8.0%	47 k €
Operating result	662,3 k €	+80.3%	367,4 k €	+263%	101,3 k €	+504%	-25,1 k €	-110%	251 k €	+159%	97 k €	+72.1%	56,3 k €	-18.5%	69,2 k €	-10.5%	77,3 k €	+33.4%	57,9 k €	-18.1%	70,7 k €	+9.2%	64,8 k €	+107%	31,3 k €	-36.2%	49 k €	-32.7%	72,8 k €	+49.4%	48,7 k €	+130%	21,2 k €	-15.9%	25,2 k €
Net result	461,4 k €	+78.3%	258,8 k €	+175%	94,2 k €	+522%	-22,4 k €	-110%	229,6 k €	+225%	70,7 k €	+110%	33,7 k €	-19.7%	42 k €	-20.8%	53 k €	+37.7%	38,5 k €	-24.6%	51 k €	+18.3%	43,1 k €	+99.0%	21,7 k €	-35.9%	33,8 k €	-73.5%	127,5 k €	+306%	31,4 k €	+204%	10,3 k €	+27.1%	8,1 k €
Balance sheet
Equity	1,8 M €	+29.9%	1,4 M €	+17.8%	1,2 M €	+8.1%	1,1 M €	-2.0%	1,1 M €	+31.1%	839,2 k €	+9.2%	768,5 k €	+4.6%	734,7 k €	+6.1%	692,7 k €	+8.3%	639,7 k €	+6.4%	601,2 k €	+1.0%	595,2 k €	+7.8%	552 k €	+4.1%	530,4 k €	+6.8%	496,6 k €	+34.5%	369,1 k €	+9.3%	337,7 k €	+3.2%	327,3 k €
Total assets	2,3 M €	+23.4%	1,9 M €	+13.0%	1,7 M €	+43.7%	1,2 M €	-3.5%	1,2 M €	+29.9%	934 k €	+17.5%	794,9 k €	-1.5%	807 k €	-0.9%	814,3 k €	-2.1%	832 k €	+18.5%	702 k €	-11.9%	796,7 k €	+5.0%	759 k €	+11.1%	683,1 k €	+4.5%	653,5 k €	+27.5%	512,6 k €	+4.2%	492,1 k €	+2.3%	481,1 k €
Cash	303,8 k €	+91.8%	158,4 k €	+50.4%	105,3 k €	-4.5%	110,3 k €	-83.9%	684,6 k €	+7716%	8,8 k €	+58.8%	5,5 k €	-47.5%	10,5 k €	+36.4%	7,7 k €	+1315%	544 €	-85.0%	3,6 k €	-95.5%	81,1 k €	+158%	31,4 k €	-88.9%	281,7 k €	+115%	131,1 k €	+96.5%	66,7 k €	-5.8%	70,8 k €	+230%	21,5 k €
Debts	506,2 k €	+8.0%	468,6 k €	+3.1%	454,6 k €	+1497%	28,5 k €	-40.8%	48 k €	-49.3%	94,8 k €	+259%	26,4 k €	-63.4%	72,3 k €	-40.6%	121,6 k €	-36.8%	192,3 k €	+90.8%	100,8 k €	-50.0%	201,6 k €	+0.2%	201,1 k €	+35.8%	148,1 k €	-2.8%	152,4 k €	+11.2%	137,1 k €	-7.0%	147,3 k €	+0.5%	146,6 k €

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 31/12/2025 · 1 active · 19 ended

Active mandates

Tim VAN CAUWENBERGE

Managing director · since 01 juillet 2020 · until 01 juillet 2026

Active

Ended mandates

Tim VAN CAUWENBERGE

Director · since 01 juillet 2020 · until 01 juillet 2026

Ended

Isabelle Cnockaert

Managing director · since 23 janvier 2015 · until 23 janvier 2021

Ended

Tim Van Cauwenberge

Director · since 23 janvier 2015 · until 23 janvier 2021

Ended

Isabelle Cnockaert

Managing director · since 23 janvier 2009 · until 28 juin 2014

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	01/01/2025	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	30/06/2026	15/07/2025	26/08/2024	30/06/2023	28/07/2022	23/08/2021
General meeting	27/06/2026	28/06/2025	22/06/2024	24/06/2023	25/06/2022	26/06/2021
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
Micro model	31/12/2025	27/06/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	28/06/2025	15/07/2025	Dutch	PDF
Micro model	31/12/2023	22/06/2024	26/08/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	28/07/2022	Dutch	PDF
Micro model	31/12/2020	26/06/2021	23/08/2021	Dutch	PDF
Micro model	31/12/2019	27/06/2020	15/07/2020	Dutch	PDF
Abridged model	31/12/2018	22/06/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	23/06/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	12/08/2014	Dutch	PDF
Abridged model	31/12/2012	22/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	14/07/2012	16/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	28/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	23/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	09/07/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	06/07/2007	Dutch	PDF

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 31/12/2025 · 1 active · 19 ended

Active mandates

Tim VAN CAUWENBERGE

Managing director · since 01 juillet 2020 · until 01 juillet 2026

Active

Ended mandates

Tim VAN CAUWENBERGE

Director · since 01 juillet 2020 · until 01 juillet 2026

Ended

Isabelle Cnockaert

Managing director · since 23 janvier 2015 · until 23 janvier 2021

Ended

Tim Van Cauwenberge

Director · since 23 janvier 2015 · until 23 janvier 2021

Ended

Isabelle Cnockaert

Managing director · since 23 janvier 2009 · until 28 juin 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/03/2021
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates05/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/01/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/01/2014
KAPITAAL - AANDELEN
PDF
Capital / shares13/04/2010
KAPITAAL - AANDELEN
PDF
Mandates23/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2004
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025461,4 k €↑
2024
Annual accounts 2024258,8 k €↑
2023
Annual accounts 202394,2 k €↑
2022
Annual accounts 2022-22,4 k €↓
2021
Annual accounts 2021229,6 k €↑
2018
Annual accounts 201870,7 k €↑
2017
Annual accounts 201733,7 k €↓
2016
Annual accounts 201642 k €↓
2015
Annual accounts 201553 k €↑
2014
Annual accounts 201438,5 k €↓
2013
Annual accounts 201351 k €↑
2012
Annual accounts 201243,1 k €↑
2011
Annual accounts 201121,7 k €↓
2010
Annual accounts 201033,8 k €↓
2009
Annual accounts 2009127,5 k €↑
2008
Annual accounts 200831,4 k €↑
2007
Annual accounts 200710,3 k €↑
2006
Annual accounts 20068,1 k €
24/03/1993
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

IMMOPHAR

Overview

What does IMMOPHAR do?

Trend over 18 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