ACTIVE

RISO IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

761 k €

+316.7% YoY

Gross margin

1,8 M €

+63.9% YoY

Equity

2,4 M €

+47.5% YoY

What does RISO IMMO do?

RISO IMMO is a Public limited company incorporated in 1998. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Herstal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.790.256

Incorporation

09/07/1998

Legal form

Public limited company

Registered office

Rue de Hermée 171
4040 Herstal · WallonieSee on map

Contributed capital

136 341,44 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ 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
Gross margin	1,8 M €	+63.9%	1,1 M €	-21.0%	1,4 M €	+11.5%	1,2 M €	+19.5%	1 M €	+14.6%	895 k €	-19.9%	1,1 M €	-3.7%	1,2 M €	-17.4%	1,4 M €	+15.4%	1,2 M €	+50.9%	805,8 k €	+5.7%	762,3 k €	+8.4%	703,2 k €	+29.3%	543,8 k €	+7.5%	505,8 k €	+18.4%	427,4 k €	+17.8%	362,8 k €	+21.1%	299,6 k €	+10.0%	272,4 k €	+2.5%	265,6 k €
EBITDA	1,6 M €	+76.2%	891,7 k €	-22.0%	1,1 M €	+9.9%	1 M €	+23.9%	840 k €	+13.8%	737,8 k €	-20.4%	926,9 k €	-6.0%	985,9 k €	+5.5%	934,9 k €	-13.5%	1,1 M €	+64.4%	657,7 k €	+14.0%	576,9 k €	+10.7%	521 k €	+19.3%	436,6 k €	+12.7%	387,3 k €	+10.5%	350,4 k €	+22.3%	286,5 k €	+33.1%	215,2 k €	-12.9%	247,1 k €	+3.5%	238,7 k €
Operating result	1,2 M €	+161%	443,1 k €	-39.6%	733,6 k €	+23.6%	593,6 k €	+51.7%	391,2 k €	+27.9%	306 k €	-37.9%	492,6 k €	-12.1%	560,5 k €	+13.4%	494,4 k €	-17.7%	600,4 k €	+60.2%	374,7 k €	+25.6%	298,4 k €	+22.6%	243,5 k €	+16.0%	209,9 k €	+13.6%	184,7 k €	+10.7%	166,9 k €	+40.4%	118,9 k €	+87.1%	63,5 k €	-56.8%	147,2 k €	+5.4%	139,6 k €
Net result	761 k €	+317%	182,6 k €	-79.4%	886,1 k €	+104%	435,2 k €	+75.7%	247,7 k €	+68.2%	147,3 k €	-41.2%	250,4 k €	+89.6%	132,1 k €	-55.4%	296,4 k €	-29.5%	420,5 k €	+110%	200,4 k €	+15.2%	173,9 k €	+240%	-124,6 k €	-592%	-18 k €	-383%	6,4 k €	+109%	-69,2 k €	-20.2%	-57,5 k €	+66.6%	-172,2 k €	-728%	27,4 k €	-8.5%	30 k €
Balance sheet
Equity	2,4 M €	+47.5%	1,6 M €	-38.9%	2,6 M €	+51.2%	1,7 M €	+33.6%	1,3 M €	+23.6%	1 M €	+16.3%	901,6 k €	+38.4%	651,2 k €	+25.4%	519,2 k €	+133%	222,8 k €	+213%	-197,7 k €	+50.3%	-398,1 k €	+30.4%	-572 k €	-27.9%	-447,3 k €	-4.2%	-429,3 k €	+1.5%	-435,7 k €	-18.9%	-366,5 k €	-18.6%	-309 k €	-126%	-136,8 k €	+16.7%	-164,2 k €
Total assets	5,5 M €	-14.5%	6,4 M €	-9.5%	7,1 M €	+25.6%	5,6 M €	-1.0%	5,7 M €	-5.4%	6 M €	-2.7%	6,2 M €	-3.9%	6,4 M €	+0.3%	6,4 M €	-5.6%	6,8 M €	+65.4%	4,1 M €	-3.1%	4,2 M €	-11.3%	4,8 M €	-16.4%	5,7 M €	+70.4%	3,4 M €	-0.1%	3,4 M €	+2.5%	3,3 M €	+4.8%	3,1 M €	+68.5%	1,9 M €	+14.2%	1,6 M €
Cash	77,5 k €	-52.0%	161,6 k €	-33.6%	243,2 k €	+24.1%	196 k €	+22.4%	160,1 k €	+99.8%	80,1 k €	+3234%	2,4 k €	-65.9%	7 k €	-76.0%	29,3 k €	+487%	5 k €		–		–		4,7 k €		0 €		0 €		–		–		6,8 k €		0 €	-100%	1,7 k €
Debts	2,9 M €	-39.5%	4,8 M €	+8.5%	4,4 M €	+15.2%	3,8 M €	-8.9%	4,2 M €	-10.8%	4,7 M €	-5.7%	5 M €	-7.7%	5,4 M €	-6.6%	5,8 M €	-9.6%	6,4 M €	+50.5%	4,3 M €	-7.2%	4,6 M €	-13.4%	5,3 M €	-13.3%	6,1 M €	+63.3%	3,8 M €	-0.2%	3,8 M €	+4.1%	3,6 M €	+6.0%	3,4 M €	+74.4%	2 M €	+11.7%	1,8 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 31/12/2025 · 2 active · 12 ended

Active mandates

BUSINESS INVEST GESTION S.A.

Director · since 26 mai 2025 · 1017.522.773

Represented by Serge Warnier

Active

STOF HOUSE

Managing director · since 01 janvier 2014 · 0460.323.990

Represented by RAYMOND KALPERS

Active

Ended mandates

STOF HOUSE

Director · since 01 janvier 2020 · until 31 décembre 2013 · 0460.323.990

Represented by RAYMOND KALPERS

Ended

COMPAGNIE DES VALEURS PATRIMONIALES

Managing director · since 01 janvier 2014 · 0862.068.593

Represented by SERGE WARNIER

Ended

COMPAGNIE DES VALEURS PATRIMONIALES

Managing director · since 01 janvier 2008 · until 31 décembre 2013 · 0862.068.593

Represented by SERGE WARNIER

Ended

RAYMOND KALPERS

Director · since 01 janvier 2008 · until 31 décembre 2013

Ended

At this address

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Annual accounts

Full financial information

	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	24/08/2026	25/08/2025	22/08/2024	28/09/2023	23/08/2022	23/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	24/06/2022	25/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	24/08/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	25/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	22/08/2024	French	PDF
Abridged modelCorrection	31/12/2022	30/06/2023	28/09/2023	French	PDF
Abridged model	31/12/2022	30/06/2023	22/08/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	23/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	23/08/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	26/08/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	27/08/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	30/06/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	22/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	25/08/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	01/10/2012	French	PDF
Abridged model	31/12/2010	23/07/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	25/06/2010	24/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	26/07/2007	French	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 · 2 active · 12 ended

Active mandates

BUSINESS INVEST GESTION S.A.

Director · since 26 mai 2025 · 1017.522.773

Represented by Serge Warnier

Active

STOF HOUSE

Managing director · since 01 janvier 2014 · 0460.323.990

Represented by RAYMOND KALPERS

Active

Ended mandates

STOF HOUSE

Director · since 01 janvier 2020 · until 31 décembre 2013 · 0460.323.990

Represented by RAYMOND KALPERS

Ended

COMPAGNIE DES VALEURS PATRIMONIALES

Managing director · since 01 janvier 2014 · 0862.068.593

Represented by SERGE WARNIER

Ended

COMPAGNIE DES VALEURS PATRIMONIALES

Managing director · since 01 janvier 2008 · until 31 décembre 2013 · 0862.068.593

Represented by SERGE WARNIER

Ended

RAYMOND KALPERS

Director · since 01 janvier 2008 · until 31 décembre 2013

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/09/2025
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates19/01/2022
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates16/12/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates05/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates15/05/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates07/10/2005
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/02/2004
DEMISSIONS, NOMINATIONS
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 2025761 k €↑
2024
Annual accounts 2024182,6 k €↓
2023
Annual accounts 2023886,1 k €↑
2022
Annual accounts 2022435,2 k €↑
2021
Annual accounts 2021247,7 k €↑
2020
Annual accounts 2020147,3 k €↓
2019
Annual accounts 2019250,4 k €↑
2018
Annual accounts 2018132,1 k €↓
2017
Annual accounts 2017296,4 k €↓
2016
Annual accounts 2016420,5 k €↑
2015
Annual accounts 2015200,4 k €↑
2014
Annual accounts 2014173,9 k €↑
2013
Annual accounts 2013-124,6 k €↓
2012
Annual accounts 2012-18 k €↓
2011
Annual accounts 20116,4 k €↑
2010
Annual accounts 2010-69,2 k €↓
2009
Annual accounts 2009-57,5 k €↑
2008
Annual accounts 2008-172,2 k €↓
2007
Annual accounts 200727,4 k €↓
2006
Annual accounts 200630 k €
09/07/1998
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

RISO IMMO

Overview

What does RISO IMMO 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