ACTIVE

IMMOSMASH

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

27,9 k €

-19.5% YoY

Gross margin

65,2 k €

-9.1% YoY

Equity

437,1 k €

+6.8% YoY

What does IMMOSMASH do?

IMMOSMASH is a Private limited company incorporated in 1999. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Ottignies-Louvain-la-Neuve.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0466.339.673

Incorporation

24/06/1999

Legal form

Private limited company

Registered office

Rue de Clairvaux 40 box 204
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map

Contributed capital

312 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 92613Gambling and betting activities 93110Operation of sports facilities 55401Accommodation 56301Beverage serving activities 56301Beverage serving activities+1

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Gross margin	65,2 k €	-9.1%	71,8 k €	+16.2%	61,8 k €	+21.1%	51 k €	+35.3%	37,7 k €	-1.2%	38,1 k €	-37.5%	61 k €	+18.0%	51,7 k €	-81.8%	284,4 k €	+25.5%	226,5 k €	+22.1%	185,5 k €	-23.9%	243,7 k €	+20.7%	201,9 k €	-1.4%	204,7 k €	+1313%	14,5 k €	-53.3%	31 k €	-22.2%	39,8 k €	-42.3%	69,1 k €	+82.0%	37,9 k €
EBITDA	55,4 k €	-10.9%	62,2 k €	+18.4%	52,5 k €	+23.3%	42,6 k €	+44.6%	29,5 k €	-1.7%	30 k €	-43.8%	53,3 k €	+59.6%	33,4 k €	-72.4%	120,8 k €	+33.0%	90,8 k €	+149%	36,5 k €	-49.4%	72,1 k €	-24.7%	95,8 k €	+22.3%	78,4 k €	+656%	-14,1 k €	-319%	-3,4 k €	-142%	8 k €	-81.9%	44,1 k €	+25.1%	35,3 k €
Operating result	28,1 k €	-19.5%	34,9 k €	+34.5%	25,9 k €	+38.8%	18,7 k €	+1049%	1,6 k €	+104%	-36,9 k €	-56.4%	-23,6 k €	+40.8%	-39,9 k €	-192%	43,5 k €	+215%	13,8 k €	+131%	-45 k €	-35.4%	-33,2 k €	-428%	-6,3 k €	+40.5%	-10,6 k €	+40.7%	-17,8 k €	-64.9%	-10,8 k €	-35.5%	-8 k €	+67.6%	-24,7 k €	-216%	21,3 k €
Net result	27,9 k €	-19.5%	34,7 k €	+34.7%	25,8 k €	+49.6%	17,2 k €	+1422%	1,1 k €	+103%	-41,2 k €	-25.8%	-32,7 k €	+40.8%	-55,3 k €	-384%	19,4 k €	+245%	-13,4 k €	+65.6%	-39 k €	+17.6%	-47,3 k €	+20.4%	-59,4 k €	-1.5%	-58,6 k €	-215%	50,8 k €	-25.8%	68,5 k €	+259%	-43,1 k €	+3.5%	-44,6 k €	-705%	7,4 k €
Balance sheet
Equity	437,1 k €	+6.8%	409,1 k €	+9.3%	374,4 k €	+7.4%	348,7 k €	+5.2%	331,4 k €	+0.3%	330,3 k €	-11.1%	371,5 k €	-8.1%	404,2 k €	-12.0%	459,4 k €	+4.4%	440 k €	-3.0%	453,4 k €	-7.9%	492,4 k €	-8.8%	539,8 k €	+1162%	-50,8 k €	-874%	6,6 k €	+115%	-44,3 k €	+60.8%	-112,8 k €	-61.8%	-69,7 k €	-178%	-25,1 k €
Total assets	1,5 M €	+1.8%	1,4 M €	+2.5%	1,4 M €	+1.9%	1,4 M €	+1.3%	1,4 M €	+0.2%	1,4 M €	-4.4%	1,4 M €	-2.7%	1,5 M €	-8.2%	1,6 M €	-5.8%	1,7 M €	-3.6%	1,8 M €	-5.2%	1,9 M €	-4.4%	1,9 M €	+23.1%	1,6 M €	+51.4%	1 M €	+56.0%	667,7 k €	+1.4%	658,4 k €	-1.6%	669,4 k €	+114%	312,4 k €
Cash	204,5 k €	+39.5%	146,5 k €	+57.1%	93,2 k €	+18.9%	78,4 k €	+118%	36 k €	+546%	5,6 k €	+12.6%	4,9 k €	+39.0%	3,6 k €	-87.9%	29,3 k €	+11.4%	26,3 k €	-9.6%	29,1 k €	+22.8%	23,7 k €	+39.8%	17 k €	+128%	7,4 k €	-68.4%	23,5 k €	+127%	10,4 k €	+102%	5,1 k €	-22.7%	6,6 k €	+103%	3,3 k €
Debts	1 M €	-0.2%	1 M €	+0.1%	1 M €	+0.1%	1 M €	+0.0%	1 M €	+0.1%	1 M €	-2.1%	1,1 M €	-0.4%	1,1 M €	-7.0%	1,1 M €	-9.2%	1,3 M €	-4.1%	1,3 M €	-4.2%	1,4 M €	-2.8%	1,4 M €	-13.9%	1,6 M €	+57.7%	1 M €	+45.3%	710,5 k €	-6.0%	755,8 k €	+3.1%	733,1 k €	+121%	331,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		3,0 ETP	-3.2%	3,1 ETP	-16.2%	3,7 ETP	+42.3%	2,6 ETP	-23.5%	3,4 ETP	+325%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP		–

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 31/12/2025 · 1 active · 6 ended

Active mandates

Michaël Delvaux

Director · since 13 septembre 2018

Active

Ended mandates

Michaël Delvaux

Manager · since 13 septembre 2018

Ended

Michel Bouhoulle

Manager · since 23 juin 2014 · until 13 septembre 2018

Ended

Michel Bouhoulle

Manager · since 23 juin 2014 · until 23 juin 2020

Ended

Philippe de Moerloose

Manager · since 22 mai 2010 · until 23 juin 2014

Ended

At this address

Other companies at this address

Company	CBE no.
Aide à la Décision Economique● Active	0439.825.021
AKOS BELGIUM● Active	0456.069.650
ARCADYA● Active	1034.877.756
Archade● Active	0769.733.206
BAGO INVEST● Active	0421.063.439
BASILIC DEVELOPMENTS● Active	0754.587.942
CAMELIA● Bankrupt	0453.663.456
CELESIMMO SCRL● Active	0464.320.192
Comptoir de bois Daniel Sabbe● Active	0400.441.239
Cross Project Mons● Active	0775.877.066
DADEF● Active	1013.805.990
ERASME CAMPUS II● Active	1014.843.791
GROUP ECKELMANS● Active	0667.885.382
HAKOL● Active	0446.240.481
Immobilière 3, Avenue Ernest Solvay● Active	0427.787.717
IMMOBILIERE GUIDO ECKELMANS● Active	0433.876.149
JONNI IMMO● Active	0804.057.051
LES TERRASSES SAINT-JEAN● Liquidation	0543.904.536
L.P. VANDENBERGH● Active	0425.670.939
MARTEK● Active	0442.382.059

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	31/07/2026	27/06/2025	26/07/2024	27/07/2023	28/07/2022	11/06/2021
General meeting	01/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	07/05/2021
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
Micro model	31/12/2025	01/05/2026	31/07/2026	French	PDF
Micro model	31/12/2024	02/05/2025	27/06/2025	French	PDF
Micro model	31/12/2023	03/05/2024	26/07/2024	French	PDF
Micro model	31/12/2022	05/05/2023	27/07/2023	French	PDF
Micro model	31/12/2021	06/05/2022	28/07/2022	French	PDF
Micro model	31/12/2020	07/05/2021	11/06/2021	French	PDF
Micro model	31/12/2019	04/05/2020	31/07/2020	French	PDF
Micro model	31/12/2018	03/05/2019	07/06/2019	French	PDF
Micro model	31/12/2017	04/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	05/05/2017	26/09/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	05/05/2015	15/12/2015	French	PDF
Abridged model	31/12/2013	02/05/2014	04/09/2014	French	PDF
Abridged model	31/12/2012	03/05/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	04/05/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	17/03/2011	06/06/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	24/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	25/07/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	26/06/2007	French	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 31/12/2025 · 1 active · 6 ended

Active mandates

Michaël Delvaux

Director · since 13 septembre 2018

Active

Ended mandates

Michaël Delvaux

Manager · since 13 septembre 2018

Ended

Michel Bouhoulle

Manager · since 23 juin 2014 · until 13 septembre 2018

Ended

Michel Bouhoulle

Manager · since 23 juin 2014 · until 23 juin 2020

Ended

Philippe de Moerloose

Manager · since 22 mai 2010 · until 23 juin 2014

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/02/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates08/10/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2018
DENOMINATION - OBJET
PDF
Mandates30/07/2014
DEMISSIONS, NOMINATIONS
PDF
Restructuring20/05/2011
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring04/03/2011
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring16/12/2010
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates07/07/2010
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 202527,9 k €↓
2024
Annual accounts 202434,7 k €↑
2023
Annual accounts 202325,8 k €↑
2022
Annual accounts 202217,2 k €↑
2021
Annual accounts 20211,1 k €↑
2020
Annual accounts 2020-41,2 k €↓
2019
Annual accounts 2019-32,7 k €↑
2018
Annual accounts 2018-55,3 k €↓
2017
Annual accounts 201719,4 k €↑
2017
Name changeIMMOSMASH
2016
Annual accounts 2016-13,4 k €↑
2015
Annual accounts 2015-39 k €↑
2014
Annual accounts 2014-47,3 k €↑
2013
Annual accounts 2013-59,4 k €↓
2012
Annual accounts 2012-58,6 k €↓
2010
Annual accounts 201050,8 k €↓
2010
Name changeTennis Club du Bercuit
2009
Annual accounts 200968,5 k €↑
2008
Annual accounts 2008-43,1 k €↑
2007
Annual accounts 2007-44,6 k €↓
2006
Annual accounts 20067,4 k €
2006
Name changeBEPLAY
24/06/1999
IncorporationPrivate 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

IMMOSMASH

Overview

What does IMMOSMASH do?

Trend over 19 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