ACTIVE

OX

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Financial year 2025 · closed on 31/12/2025
Net result
-2,3 M €
-124.5% YoY
Gross margin
-75,9 k €
+40.0% YoY
Equity
38,4 M €
-1.4% YoY
Workforce
0,8 ETP
0.0% YoY

What does OX do?

OX is a Public limited company incorporated in 2000. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Grimbergen. It employs on average 0,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0473.388.011
Incorporation
30/11/2000
Legal form
Public limited company
Registered office
Boechoutlaan 221
1853 Grimbergen · FlandreSee on map
Contributed capital
35 085 003,50 €
Latest accounts
31/12/2025
Average workforce
0,8 ETP
Activities (NACE)
68201Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate68310Real estate agencies68311Real estate agencies70311Activities of head offices; management consultancy activities70200Management consultancy activities+2
Joint committees (1)
  • 323
Contacts
2 public details availableLog in to view
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin-75,9 k €-126,6 k €-74,1 k €-9,7 k €-62,2 k €-43,7 k €1,8 M €1,6 M €1,3 M €203,2 k €–––––-60,7 k €136,6 k €––
EBITDA-219,8 k €-247,9 k €-193,5 k €-119,7 k €-153,2 k €-97,4 k €1,6 M €1,5 M €-855,9 k €50,4 k €181,7 k €190,7 k €-389,6 k €-612,6 k €-250,8 k €-75,5 k €121,9 k €153,1 k €-19,3 k €
Operating result-2,4 M €-1 M €-926,2 k €-905,8 k €-832,2 k €-776,1 k €900,9 k €680,4 k €-1,5 M €-683,9 k €-307,1 k €-208,5 k €-923,3 k €-929 k €-575,3 k €-523,4 k €-207,8 k €-176,4 k €-445,7 k €
Net result-2,3 M €-1 M €-934,3 k €-908,7 k €-839,1 k €-789 k €889,7 k €678 k €-1,5 M €-683,8 k €-513,9 k €-212,3 k €-803,8 k €-929,4 k €-610,9 k €-559,4 k €-253,9 k €-340,4 k €-845 k €
Balance sheet
Equity38,4 M €38,9 M €15,4 M €16,4 M €17,3 M €18,1 M €18,9 M €18 M €19,1 M €20,6 M €21,3 M €9,3 M €9,5 M €7,3 M €8,2 M €3,8 M €4,4 M €4,7 M €5 M €
Total assets39,6 M €39,3 M €19,3 M €18,5 M €18,5 M €20 M €19,9 M €18,8 M €25,1 M €20,7 M €21,4 M €9,8 M €10,1 M €10,4 M €8,4 M €8 M €7,3 M €7,7 M €8,1 M €
Cash45,9 k €31,8 k €44,7 k €4,3 k €1,1 M €10,6 k €11,3 k €23,2 k €4,2 M €867 k €1,4 M €77,7 k €148,7 k €2,5 M €446,2 k €29,3 k €6,7 k €1,4 k €131,6 k €
Debts1,2 M €399 k €3,9 M €2,2 M €1,2 M €1,9 M €1 M €843,4 k €5,9 M €70,4 k €87,3 k €511,5 k €585,4 k €3,1 M €196,2 k €4,1 M €2,9 M €3 M €3,1 M €
Other
Workforce0,8 ETP0,8 ETP0,8 ETP0,8 ETP1,5 ETP1,1 ETP3,2 ETP3,3 ETP3,3 ETP3,3 ETP0,8 ETP–2,3 ETP2,3 ETP1,0 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 · 5 active · 30 ended

Active mandates

Ann DE KELVER

Managing director · since 02 juin 2025 · until 02 juin 2031

Active
Bart VERHAEGHE

Chairman of the board of directors · since 02 juin 2025 · until 02 juin 2031

Active
Julie VERHAEGHE

Director · since 02 juin 2025 · until 02 juin 2031

Active
Lisa VERHAEGHE

Director · since 02 juin 2025 · until 02 juin 2031

Active
Lucas VERHAEGHE

Director · since 02 juin 2025 · until 02 juin 2031

Active

Ended mandates

Lucas VERHAEGHE

Director · since 30 juin 2023 · until 02 juin 2025

Ended
Julie VERHAEGHE

Director · since 24 octobre 2022 · until 02 juin 2025

Ended
Lisa VERHAEGHE

Director · since 24 octobre 2022 · until 02 juin 2025

Ended
Ann DE KELVER

Managing director · since 18 décembre 2019 · until 18 décembre 2025

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202624/07/202516/07/202407/07/202322/08/202228/07/2021
General meeting19/06/202602/06/202503/06/202430/06/202330/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202619/06/2026DutchPDF
Abridged model31/12/202402/06/202524/07/2025DutchPDF
Abridged model31/12/202303/06/202416/07/2024DutchPDF
Abridged model31/12/202230/06/202307/07/2023DutchPDF
Abridged model31/12/202130/06/202222/08/2022DutchPDF
Abridged model31/12/202007/06/202128/07/2021DutchPDF
Abridged model31/12/201902/06/202031/07/2020DutchPDF
Abridged model31/12/201807/06/201931/07/2019DutchPDF
Abridged model31/12/201719/06/201830/07/2018DutchPDF
Abridged model31/12/201602/06/201713/07/2017DutchPDF
Full model31/12/201503/06/201609/06/2016DutchPDF
Full model31/12/201405/06/201503/07/2015DutchPDF
Full model31/12/201330/06/201420/08/2014DutchPDF
Full model31/12/201207/06/201307/06/2013DutchPDF
Full model31/12/201101/06/201217/07/2012DutchPDF
Abridged model31/12/201003/06/201127/06/2011DutchPDF
Abridged model31/12/200904/06/201011/06/2010DutchPDF
Full model31/12/200805/06/200924/07/2009DutchPDF
Full model31/12/200727/06/200816/07/2008DutchPDF
Full model30/06/200628/12/200618/01/2007DutchPDF
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 · 5 active · 30 ended

Active mandates

Ann DE KELVER

Managing director · since 02 juin 2025 · until 02 juin 2031

Active
Bart VERHAEGHE

Chairman of the board of directors · since 02 juin 2025 · until 02 juin 2031

Active
Julie VERHAEGHE

Director · since 02 juin 2025 · until 02 juin 2031

Active
Lisa VERHAEGHE

Director · since 02 juin 2025 · until 02 juin 2031

Active
Lucas VERHAEGHE

Director · since 02 juin 2025 · until 02 juin 2031

Active

Ended mandates

Lucas VERHAEGHE

Director · since 30 juin 2023 · until 02 juin 2025

Ended
Julie VERHAEGHE

Director · since 24 octobre 2022 · until 02 juin 2025

Ended
Lisa VERHAEGHE

Director · since 24 octobre 2022 · until 02 juin 2025

Ended
Ann DE KELVER

Managing director · since 18 décembre 2019 · until 18 décembre 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/03/2026
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates05/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares30/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates23/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office24/02/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/12/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - 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

Timeline

  1. 2025
    Annual accounts 2025-2,3 M €↓
  2. 2024
    Annual accounts 2024-1 M €↓
  3. 2023
    Annual accounts 2023-934,3 k €↓
  4. 2022
    Annual accounts 2022-908,7 k €↓
  5. 2021
    Annual accounts 2021-839,1 k €↓
  6. 2020
    Annual accounts 2020-789 k €↓
  7. 2019
    Annual accounts 2019889,7 k €↑
  8. 2018
    Annual accounts 2018678 k €↑
  9. 2017
    Annual accounts 2017-1,5 M €↓
  10. 2016
    Annual accounts 2016-683,8 k €↓
  11. 2015
    Annual accounts 2015-513,9 k €↓
  12. 2015
    Name changeOX
  13. 2014
    Annual accounts 2014-212,3 k €↑
  14. 2013
    Annual accounts 2013-803,8 k €↑
  15. 2012
    Annual accounts 2012-929,4 k €↓
  16. 2011
    Annual accounts 2011-610,9 k €↓
  17. 2010
    Annual accounts 2010-559,4 k €↓
  18. 2009
    Annual accounts 2009-253,9 k €↑
  19. 2008
    Annual accounts 2008-340,4 k €↑
  20. 2007
    Annual accounts 2007-845 k €
  21. 2007
    Name changeNOORHOF REAL ESTATE
  22. 30/11/2000
    IncorporationPublic limited company