ACTIVE

LOTHIAN DEVELOPMENTS IV

Financial year 2025 · Closed on 31/12/2025

Net result102,5 k €+101,6 %over 1 year

Revenue1,6 M €-2,0 %over 1 year

Equity-4,3 M €+2,4 %over 1 year

Identity

Source · BCE/KBO

LOTHIAN DEVELOPMENTS IV is a Public limited company incorporated in 1998. Its main activity is: Real estate agencies. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0463.648.518
Incorporation: 25/06/1998
Legal form: Public limited company
Registered office: Voie Gisèle Halimi 10
4000 Liège · WallonieSee on map
Contributed capital: 1 600 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 17 financial years

	2025		2024		2021		2020		2019
Income statement
Revenue	1,6 M €	-2.0%	1,6 M €	+6.7%	1,5 M €	+0.7%	1,5 M €	+0.6%	1,5 M €
EBITDA	3,1 M €	+214%	-2,7 M €	-294%	1,4 M €	-4.0%	1,4 M €	+8.1%	1,3 M €
Operating result	2 M €	+149%	-4,1 M €	-593%	822,1 k €	-0.5%	825,9 k €	+15.0%	718,3 k €
Net result	102,5 k €	+102%	-6,4 M €	-2499%	265,5 k €	+8.8%	244 k €	+92.9%	126,5 k €
Balance sheet
Equity	-4,3 M €	+2.4%	-4,4 M €	-244%	3 M €	+1.4%	3 M €	+0.6%	3 M €
Total assets	37,1 M €	-3.3%	38,4 M €	+119%	17,5 M €	-1.0%	17,7 M €	-1.4%	17,9 M €
Cash	1 M €	-23.4%	1,4 M €	+38.9%	984,2 k €	+221%	306,2 k €	-50.0%	612,9 k €
Debts	41,4 M €	-3.2%	42,7 M €	+195%	14,5 M €	-1.4%	14,7 M €	-1.8%	15 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2014

2 active · 2 ended

Last known composition, from the accounts closed on 31/12/2014, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe CHAUVEAU	Director26/05/2004 → 29/05/2016
Serge DECLERCK	Director31/03/2008 → 29/05/2016

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander WATT	Director26/05/2004 → 15/11/2010
Jean-Claude DEKOSTER	Director21/02/2005 → 31/03/2008

Other companies at this address

Voie Gisèle Halimi 10 4000 Liège

Company	CBE no.
Amicale du Personnel d'(Ethias S.A. Vriendenkring van het Personeel van Ethias N.V.● Active	1007.271.457
ANKARET INVEST● Active	0438.840.866
ARIANE REAL ESTATE● Active	0898.866.435
ETHIAS● Active	0404.484.654
EthiasCo● Active	0402.370.054
Ethias Group● Active	1012.346.240
ETHIAS PATRIMOINE● Active	0894.377.612
Ethias Pension Fund● Active	0644.695.949
Ethias Solution● Active	0825.876.113
Ethias Sustainable Investment Fund● Active	0865.127.063
ETHIAS VENTURES● Active	0793.497.216
IMMO HOFVELD● Active	0889.535.233
JAN DOCKX● Active	0458.920.757
KOALA● Active	0873.412.150
REAL GOED INVEST● Active	0872.354.157
SAGITTA● Active	0812.356.489
UP 38● Active	0833.845.751
VERAN REAL ESTATE CY● Active	0894.106.012
VIMINALIS III● Active	0841.657.320

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	26/03/2026	27/03/2025	21/03/2024	28/03/2023	25/05/2022	22/04/2021
General meeting	24/03/2026	25/03/2025	19/03/2024	21/03/2023	29/03/2022	16/03/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	24/03/2026	26/03/2026	French	PDF
Abridged model	31/12/2024	25/03/2025	27/03/2025	French	PDF
Abridged model	31/12/2023	19/03/2024	21/03/2024	French	PDF
Abridged model	31/12/2022	21/03/2023	28/03/2023	French	PDF
Abridged model	31/12/2021	29/03/2022	25/05/2022	French	PDF
Abridged model	31/12/2020	16/03/2021	22/04/2021	French	PDF
Full modelCorrection	31/12/2019	31/03/2020	14/10/2020	French	PDF
Full model	31/12/2019	31/03/2020	29/04/2020	French	PDF
Full model	31/12/2018	09/04/2019	16/04/2019	French	PDF
Full model	31/12/2017	27/03/2018	29/03/2018	French	PDF
Full model	31/12/2016	30/05/2017	02/06/2017	French	PDF
Full model	31/12/2015	21/03/2016	22/04/2016	French	PDF
Full model	31/12/2014	27/05/2015	13/07/2015	French	PDF
Full model	31/12/2013	28/05/2014	16/06/2014	French	PDF
Full model	31/12/2012	29/05/2013	02/08/2013	French	PDF
Full model	31/12/2011	30/06/2012	23/07/2012	French	PDF
Full model	31/12/2010	25/05/2011	25/07/2011	French	PDF
Full model	31/12/2009	30/06/2010	10/08/2010	French	PDF
Full model	31/12/2008	27/05/2009	28/06/2009	French	PDF
Full model	31/12/2007	28/05/2008	30/05/2008	French	PDF
Full model	31/12/2006	30/05/2007	30/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2014

2 active · 2 ended

Last known composition, from the accounts closed on 31/12/2014, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe CHAUVEAU	Director26/05/2004 → 29/05/2016
Serge DECLERCK	Director31/03/2008 → 29/05/2016

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Alexander WATT	Director26/05/2004 → 15/11/2010
Jean-Claude DEKOSTER	Director21/02/2005 → 31/03/2008

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/05/2026
DEMISSIONS, NOMINATIONS
PDF
Registered office22/04/2025
SIEGE SOCIAL
PDF
Mandates16/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2021
DEMISSIONS, NOMINATIONS
PDF
Other09/09/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates25/08/2020
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Serge DECLERCK

Philippe CHAUVEAU

Alexander WATT

Jean-Claude DEKOSTER

19981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

LOTHIAN DEVELOPMENTS IV

No data

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Voie Gisèle Halimi 10, 4000 LiègeCurrent		CBE

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
LOTHIAN DEVELOPMENTS IVCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00064521

Events

2025
Annual accounts 2025102,5 k €↑
2024
Annual accounts 2024-6,4 M €↓
2021
Annual accounts 2021265,5 k €↑
2020
Annual accounts 2020244 k €↑
2019
Annual accounts 2019126,5 k €↓
2018
Annual accounts 2018132,6 k €↑
2017
Annual accounts 2017-151,5 k €↓
2016
Annual accounts 2016-141,5 k €↓
2015
Annual accounts 20152,9 M €↑
2014
Annual accounts 2014-3,8 M €↓
2013
Annual accounts 2013-2,2 M €↑
2012
Annual accounts 2012-3,3 M €↑
2011
Annual accounts 2011-6,4 M €↓
2010
Annual accounts 2010-1,8 M €↓
2009
Annual accounts 2009-1,1 M €↑
2008
Annual accounts 2008-1,1 M €↑
2007
Annual accounts 2007-1,3 M €
25/06/1998
IncorporationPublic limited company

LOTHIAN DEVELOPMENTS IV

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events