ACTIVE

MITISKA REAL ESTATE INVESTMENT MANAGEMENT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

3,6 M €

+15.8% YoY

Revenue

15,8 M €

+1.7% YoY

Equity

39,2 M €

+21.4% YoY

Workforce

18,7 ETP

-4.1% YoY

What does MITISKA REAL ESTATE INVESTMENT MANAGEMENT do?

MITISKA REAL ESTATE INVESTMENT MANAGEMENT is a Public limited company incorporated in 1993. Its main activity is: Management consultancy activities. Its registered office is in Dilbeek. It employs on average 18,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.790.681

Incorporation

31/03/1993

Legal form

Public limited company

Registered office

Alfons Gossetlaan 34 box 401
1702 Dilbeek · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

31/12/2025

Average workforce

18,7 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 41101Development of building projects 41102Development of building projects 68100Buying and selling of own real estate+7

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	15,8 M €	+1.7%	15,6 M €	+40.2%	11,1 M €	-11.8%	12,6 M €	+12.2%	11,2 M €	+51.8%	7,4 M €	+0.5%	7,3 M €	+11.4%	6,6 M €	-15.8%	7,8 M €	+68.3%	4,7 M €	+83.3%	2,5 M €	+54.7%	1,6 M €	-7.6%	1,8 M €	+460%	316,9 k €	-13.6%	366,7 k €	-29.4%	519,2 k €	-68.3%	1,6 M €	-22.0%	2,1 M €	+94.1%	1,1 M €	+22.6%	883,3 k €
EBITDA	4,5 M €	+79.4%	2,5 M €	-24.7%	3,4 M €	+6.4%	3,2 M €	+83.8%	1,7 M €	-13.2%	2 M €	+2.0%	1,9 M €	+63.8%	1,2 M €	-40.8%	2 M €	+67.4%	1,2 M €	+147%	484,2 k €	+20.5%	401,9 k €	-11.2%	452,4 k €	+263%	-276,9 k €	-163%	-105,1 k €	+71.5%	-369,3 k €	+56.2%	-843,9 k €	+8.9%	-926,6 k €	-44.9%	-639,4 k €	-86.1%	-343,6 k €
Operating result	4,4 M €	+77.0%	2,5 M €	-24.5%	3,3 M €	+6.5%	3,1 M €	+87.8%	1,6 M €	-14.5%	1,9 M €	+2.3%	1,9 M €	+64.2%	1,1 M €	-42.1%	2 M €	+68.3%	1,2 M €	+152%	465,7 k €	+16.8%	398,6 k €	-15.9%	474,2 k €	+270%	-279,5 k €	-316%	-67,2 k €	+82.2%	-378,4 k €	+58.9%	-920,5 k €	+4.3%	-961,9 k €	-46.4%	-656,8 k €	-71.3%	-383,4 k €
Net result	3,6 M €	+15.8%	3,1 M €	+33.4%	2,4 M €	-6.8%	2,5 M €	+69.0%	1,5 M €	-16.0%	1,8 M €	+4.7%	1,7 M €	+63.7%	1 M €	-42.8%	1,8 M €	+55.7%	1,2 M €	+151%	464,8 k €	+16.6%	398,5 k €	-85.5%	2,8 M €	+19058%	14,4 k €	+277%	3,8 k €	-99.0%	380,6 k €	+157%	-669,8 k €	+50.3%	-1,3 M €	-812%	-147,8 k €	-102%	9,7 M €
Balance sheet
Equity	39,2 M €	+21.4%	32,3 M €	+14.2%	28,3 M €	+23.5%	22,9 M €	+46.2%	15,7 M €	+443%	2,9 M €	+37.1%	2,1 M €	+55.5%	1,4 M €	+40.3%	963,1 k €	+546%	149,2 k €	+77.0%	84,3 k €	+6.0%	79,5 k €	-50.6%	161 k €	-97.9%	7,5 M €	+0.2%	7,5 M €	+0.1%	7,5 M €	+5.4%	7,1 M €	-8.6%	7,8 M €	-14.8%	9,1 M €	-1.6%	9,3 M €
Total assets	49,6 M €	+23.2%	40,2 M €	+3.5%	38,9 M €	+27.5%	30,5 M €	+39.8%	21,8 M €	+175%	7,9 M €	-7.2%	8,5 M €	+17.5%	7,3 M €	+5.5%	6,9 M €	+81.8%	3,8 M €	+482%	651 k €	-14.3%	759,6 k €	+23.8%	613,5 k €	-93.9%	10 M €	-0.7%	10,1 M €	-13.0%	11,6 M €	+32.7%	8,7 M €	+11.0%	7,9 M €	-14.8%	9,2 M €	-62.0%	24,3 M €
Cash	462,8 k €	+77.2%	261,1 k €	+1576%	15,6 k €	-99.1%	1,8 M €	+236%	527,2 k €	+169%	195,7 k €	-1.9%	199,4 k €	-72.7%	730,1 k €	+162%	278,6 k €	-70.6%	946,4 k €	+174%	346 k €	-42.6%	602,4 k €	+21.6%	495,5 k €	-17.7%	602,1 k €	+1751%	32,5 k €	-83.6%	198,8 k €	+80.3%	110,3 k €	-49.4%	217,9 k €	+83.8%	118,6 k €	-87.2%	924,2 k €
Debts	10,4 M €	+33.0%	7,8 M €	-26.3%	10,6 M €	+42.1%	7,4 M €	+24.0%	6 M €	+19.0%	5 M €	-21.7%	6,4 M €	+8.9%	5,9 M €	-0.2%	5,9 M €	+62.8%	3,6 M €	+542%	566,8 k €	-16.5%	678,9 k €	+50.0%	452,5 k €	-81.9%	2,5 M €	-3.9%	2,6 M €	-36.0%	4,1 M €	+151%	1,6 M €	+1451%	104,4 k €	-17.0%	125,8 k €	-99.2%	15 M €
Other
Workforce	18,7 ETP	-4.1%	19,5 ETP	+3.2%	18,9 ETP	+18.1%	16,0 ETP	+32.2%	12,1 ETP	+23.5%	9,8 ETP	+14.0%	8,6 ETP	+13.2%	7,6 ETP	+8.6%	7,0 ETP	+42.9%	4,9 ETP	+96.0%	2,5 ETP	+257%	0,7 ETP		–		–		–		1,5 ETP	-11.8%	1,7 ETP	-32.0%	2,5 ETP	-7.4%	2,7 ETP	-3.6%	2,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 40 ended

Active mandates

MITISKA HOLDING

Director · since 30 juin 2025 · until 30 juin 2031 · 0686.769.205

Represented by Luc Geuten

Active

Willem Van Aelten

Director · since 20 septembre 2021 · until 30 juin 2027

Active

A3M

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0536.911.430

Represented by Axel Despriet

Active

PUNT HOLDING

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0882.980.013

Represented by Sylvie Carpentier

Active

SUCCAVEST

Director · since 30 juin 2021 · until 30 juin 2027 · 0435.173.177

Represented by Ludovic Saverys

Active

UPPERWEST

Director · since 30 juin 2021 · until 30 juin 2027 · 0477.407.769

Represented by Pascal Weerts

Active

Ended mandates

Arlini

Chairman of the board of directors · since 30 juin 2021 · until 30 juin 2027 · 0416.867.792

Represented by Luc Geuten

Ended

PUNT HOLDING

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0882.980.013

Represented by Sylvie Carpentier

Ended

SUCCAVEST

Director · since 28 juin 2019 · until 30 juin 2021 · 0435.173.177

Represented by Ludovic Saverys

Ended

Ludovic Saverys

Director · since 30 juin 2017 · until 28 juin 2019

Ended

At this address

Other companies at this address

Company	CBE no.
A3M● Active	0536.911.430
ARéNOVA● Active	1037.072.035
Arlini● Active	0416.867.792
Bosmer Holding● Active	0726.615.122
BOSTON● Active	0425.523.954
BOSTON INVEST● Active	0673.505.840
Business Park Herstal● Active	1011.503.726
Business Park Lommerich● Active	0804.188.594
Business Park René Delhaize● Active	1000.408.609
First Retail International● Active	0844.591.965
First Retail International 2● Active	0644.497.494
First Retail Partners● Active	1002.376.719
FRP Founders● Active	1003.438.373
FRP Investco● Active	1003.397.197
Gosset Invest● Active	1008.981.033
Insula btw-eenheid● Active	1040.561.857
INSULA INVEST● Active	1031.751.089
INSULA MANAGEMENT● Active	1031.751.386
Insula Urbis● Active	1042.475.430
M3 Debtco● Active	0795.285.083

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	01/07/2026	02/07/2025	17/07/2024	26/07/2023	01/07/2022	01/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	02/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	17/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	01/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	01/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	01/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	14/08/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	23/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	19/08/2016	Dutch	PDF
Full model	31/12/2014	22/06/2015	21/08/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	30/08/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	31/08/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	04/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	03/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 6 active · 40 ended

Active mandates

MITISKA HOLDING

Director · since 30 juin 2025 · until 30 juin 2031 · 0686.769.205

Represented by Luc Geuten

Active

Willem Van Aelten

Director · since 20 septembre 2021 · until 30 juin 2027

Active

A3M

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0536.911.430

Represented by Axel Despriet

Active

PUNT HOLDING

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0882.980.013

Represented by Sylvie Carpentier

Active

SUCCAVEST

Director · since 30 juin 2021 · until 30 juin 2027 · 0435.173.177

Represented by Ludovic Saverys

Active

UPPERWEST

Director · since 30 juin 2021 · until 30 juin 2027 · 0477.407.769

Represented by Pascal Weerts

Active

Ended mandates

Arlini

Chairman of the board of directors · since 30 juin 2021 · until 30 juin 2027 · 0416.867.792

Represented by Luc Geuten

Ended

PUNT HOLDING

Managing director · since 30 juin 2021 · until 30 juin 2027 · 0882.980.013

Represented by Sylvie Carpentier

Ended

SUCCAVEST

Director · since 28 juin 2019 · until 30 juin 2021 · 0435.173.177

Represented by Ludovic Saverys

Ended

Ludovic Saverys

Director · since 30 juin 2017 · until 28 juin 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office30/01/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/08/2021
KAPITAAL - AANDELEN
PDF
Mandates14/12/2020
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 20253,6 M €↑
2024
Annual accounts 20243,1 M €↑
2023
Annual accounts 20232,4 M €↓
2022
Annual accounts 20222,5 M €↑
2021
Annual accounts 20211,5 M €↓
2021
Name changeMITISKA REIM
2020
Annual accounts 20201,8 M €↑
2019
Annual accounts 20191,7 M €↑
2018
Annual accounts 20181 M €↓
2017
Annual accounts 20171,8 M €↑
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015464,8 k €↑
2015
Name changeMITISKA REAL ESTATE INVESTMENT MANAGEMENT
2014
Annual accounts 2014398,5 k €↓
2013
Annual accounts 20132,8 M €↑
2012
Annual accounts 201214,4 k €↑
2011
Annual accounts 20113,8 k €↓
2010
Annual accounts 2010380,6 k €↑
2009
Annual accounts 2009-669,8 k €↑
2008
Annual accounts 2008-1,3 M €↓
2007
Annual accounts 2007-147,8 k €↓
2006
Annual accounts 20069,7 M €
2006
Name changeMITISKA VENTURES
31/03/1993
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

MITISKA REAL ESTATE INVESTMENT MANAGEMENT

Overview

What does MITISKA REAL ESTATE INVESTMENT MANAGEMENT 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