ACTIVE

REAL

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Financial year 2025 · closed on 31/03/2025

Net result

-3,5 k €

+94.9% YoY

Gross margin

5,7 k €

+115.7% YoY

Equity

691,7 k €

-0.5% YoY

What does REAL do?

REAL is a Public limited company incorporated in 1996. Its main activity is: Warehousing and support activities for transportation. Its registered office is in Lievegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.229.681

Incorporation

07/06/1996

Legal form

Public limited company

Registered office

Spinhoutstraat 14
9930 Lievegem · FlandreSee on map

Contributed capital

223 104,00 €

Latest accounts

31/03/2025

Activities (NACE)

52502Warehousing and support activities for transportation· main 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 43110Demolition 43110Demolition 47792Retail sale of second-hand goods in stores+1

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	5,7 k €	+116%	-36,5 k €	-106%	642,8 k €	+624%	88,7 k €	+87.8%	47,2 k €	+30.5%	36,2 k €	-96.2%	960 k €	+374%	202,4 k €	+1.2%	199,9 k €	+1.4%	197,3 k €	+36.6%	144,4 k €	+21.4%	119 k €	+15.9%	102,6 k €	+60.9%	63,8 k €	-1.3%	64,6 k €	+67.9%	38,5 k €	+72.7%	22,3 k €	+50.2%	14,8 k €
EBITDA	4,7 k €	+111%	-41,8 k €	-107%	637,7 k €	+647%	85,4 k €	+94.4%	43,9 k €	+241%	-31,1 k €	-103%	908 k €	+371%	192,7 k €	+31.7%	146,3 k €	-20.1%	183,1 k €	+36.3%	134,4 k €	+20.5%	111,6 k €	+12.9%	98,8 k €	+57.7%	62,7 k €	-1.4%	63,5 k €	+392%	12,9 k €	-40.4%	21,7 k €	+73.5%	12,5 k €
Operating result	-3,8 k €	+93.3%	-56,7 k €	-109%	622,7 k €	+993%	57 k €	+200%	19 k €	+128%	-68 k €	-108%	835,6 k €	+733%	100,3 k €	+159%	38,7 k €	+1506%	-2,7 k €	-106%	49,9 k €	-17.8%	60,7 k €	+28.4%	47,3 k €	+216%	15 k €	-37.7%	24 k €	+7426%	-328 €	+98.4%	-20,3 k €	-378%	7,3 k €
Net result	-3,5 k €	+94.9%	-68,8 k €	-116%	422,9 k €	+872%	43,5 k €	+736%	5,2 k €	+102%	-236,9 k €	-151%	460,3 k €	+1190%	35,7 k €	+218%	-30,2 k €	+42.9%	-52,9 k €	-881%	6,8 k €	-65.8%	19,8 k €	+59.1%	12,5 k €	+144%	-28,6 k €	-1223%	2,5 k €	+111%	-24,1 k €	+37.3%	-38,5 k €	-455%	10,8 k €
Balance sheet
Equity	691,7 k €	-0.5%	695,2 k €	-9.0%	764 k €	+124%	341,1 k €	+14.6%	297,6 k €	+1.8%	292,4 k €	-44.7%	529,3 k €	+667%	69 k €	+107%	33,3 k €	-47.5%	63,5 k €	-45.4%	116,5 k €	+6.2%	109,7 k €	+22.1%	89,9 k €	+16.1%	77,4 k €	-27.0%	106 k €	+2.5%	103,5 k €	-18.9%	127,6 k €	-23.2%	166,1 k €
Total assets	770,3 k €	-22.0%	987,9 k €	-26.4%	1,3 M €	-14.4%	1,6 M €	+1.2%	1,5 M €	-2.6%	1,6 M €	-40.9%	2,7 M €	+22.9%	2,2 M €	-4.2%	2,3 M €	-4.3%	2,4 M €	+78.2%	1,3 M €	+54.1%	871 k €	+3.6%	840,6 k €	-0.9%	848,2 k €	+4.0%	815,3 k €	+71.2%	476,3 k €	+3.4%	460,6 k €	+147%	186,7 k €
Cash	320 €	-99.5%	65 k €	-92.9%	913,9 k €	+603150%	151,5 €	-31.6%	221,5 €	-99.2%	27 k €	-89.5%	257 k €	+264580%	97,1 €	-89.9%	962,8 €	-79.4%	4,7 k €	-96.1%	120,1 k €	+292%	30,6 k €	+111740%	27,4 €	-99.8%	11 k €	-5.3%	11,7 k €	+0.3%	11,6 k €		–		–
Debts	78,6 k €	-73.2%	292,7 k €	-49.3%	577,4 k €	-36.3%	906,6 k €	-4.1%	945,1 k €	-4.8%	992,4 k €	-46.6%	1,9 M €	-12.5%	2,1 M €	-5.9%	2,3 M €	-3.1%	2,3 M €	+89.9%	1,2 M €	+61.0%	761,3 k €	+1.9%	747,2 k €	-3.1%	770,8 k €	+8.7%	709,3 k €	+90.3%	372,8 k €	+12.0%	333 k €	+1516%	20,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 16 ended

Active mandates

Albrecht Naeyaert

Mandate

Active

Ended mandates

Albrecht Naeyaert

Director · since 22 mars 2022 · until 21 mars 2028

Ended

Albrecht Naeyaert

Director · since 01 juin 2017 · until 01 juin 2023

Ended

Cedric Naeyaert

Director · since 01 juin 2017 · until 01 juin 2023

Ended

Jonas NAEYAERT

Director · since 01 juin 2017 · until 01 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ALCECO● Active	0867.563.545
NAEYAERT en zonen● Active	0458.229.978

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Abridged model	Abridged model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/07/2021	01/07/2020	01/07/2019	01/07/2018
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	30/06/2021	30/06/2020	30/06/2019
Length of the financial year	12 months	12 months	21 months	12 months	12 months	12 months
Filing date	02/10/2025	01/10/2024	31/10/2023	28/02/2022	01/02/2021	31/01/2020
General meeting	27/09/2025	28/09/2024	30/09/2023	18/12/2021	16/01/2021	21/12/2019
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	27/09/2025	02/10/2025	Dutch	PDF
Abridged model	31/03/2024	28/09/2024	01/10/2024	Dutch	PDF
Micro model	31/03/2023	30/09/2023	31/10/2023	Dutch	PDF
Micro model	30/06/2021	18/12/2021	28/02/2022	Dutch	PDF
Abridged model	30/06/2020	16/01/2021	01/02/2021	Dutch	PDF
Abridged model	30/06/2019	21/12/2019	31/01/2020	Dutch	PDF
Abridged model	30/06/2018	15/12/2018	31/01/2019	Dutch	PDF
Abridged model	30/06/2017	16/12/2017	01/02/2018	Dutch	PDF
Abridged model	30/06/2016	17/12/2016	17/02/2017	Dutch	PDF
Abridged model	30/06/2015	19/12/2015	02/02/2016	Dutch	PDF
Abridged model	30/06/2014	10/01/2015	30/01/2015	Dutch	PDF
Abridged model	30/06/2013	21/12/2013	17/01/2014	Dutch	PDF
Abridged model	30/06/2012	15/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	16/12/2011	20/12/2011	Dutch	PDF
Abridged model	30/06/2010	14/01/2011	14/02/2011	Dutch	PDF
Abridged model	30/06/2009	16/01/2010	12/02/2010	Dutch	PDF
Abridged model	30/06/2008	20/12/2008	09/02/2009	Dutch	PDF
Abridged model	30/06/2007	15/12/2007	21/12/2007	Dutch	PDF
Abridged model	30/06/2006	06/01/2007	26/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/03/2025 · 1 active · 16 ended

Active mandates

Albrecht Naeyaert

Mandate

Active

Ended mandates

Albrecht Naeyaert

Director · since 22 mars 2022 · until 21 mars 2028

Ended

Albrecht Naeyaert

Director · since 01 juin 2017 · until 01 juin 2023

Ended

Cedric Naeyaert

Director · since 01 juin 2017 · until 01 juin 2023

Ended

Jonas NAEYAERT

Director · since 01 juin 2017 · until 01 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/03/2022
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates15/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2012
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/09/2007
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/06/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/02/2003
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 2025-3,5 k €↑
2024
Annual accounts 2024-68,8 k €↓
2023
Annual accounts 2023422,9 k €↑
2021
Annual accounts 202143,5 k €↑
2020
Annual accounts 20205,2 k €↑
2019
Annual accounts 2019-236,9 k €↓
2018
Annual accounts 2018460,3 k €↑
2017
Annual accounts 201735,7 k €↑
2016
Annual accounts 2016-30,2 k €↑
2015
Annual accounts 2015-52,9 k €↓
2014
Annual accounts 20146,8 k €↓
2013
Annual accounts 201319,8 k €↑
2012
Annual accounts 201212,5 k €↑
2011
Annual accounts 2011-28,6 k €↓
2010
Annual accounts 20102,5 k €↑
2009
Annual accounts 2009-24,1 k €↑
2008
Annual accounts 2008-38,5 k €↓
2007
Annual accounts 200710,8 k €
07/06/1996
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

REAL

Overview

What does REAL do?

Trend over 18 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