ACTIVE

REAL UNITED

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Financial year 2025 · Closed on 31/12/2025

Net result6,7 M €-1,3 %over 1 year
Revenue3,5 M €-20,7 %over 1 year
Equity51,6 M €+15,0 %over 1 year
Workforce11,9 ETP-14,4 %over 1 year

Identity

Source · BCE/KBO

REAL UNITED is a Private limited company incorporated in 2001. Its registered office is in Veurne. It employs on average 11,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0474.278.431
Incorporation
07/03/2001
Legal form
Private limited company
Registered office
Monnikshoekstraat 21
8630 Veurne · FlandreSee on map
Contributed capital
16 060 000,00 €
Latest accounts
31/12/2025
Average workforce
11,9 ETP
Joint committees (7)
  • 100
  • 1000
  • 119
  • 200
  • 2000
  • 201
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 34 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue3,5 M €4,4 M €5,7 M €5,3 M €5,3 M €
EBITDA1,1 M €1,7 M €2,1 M €1,8 M €1,7 M €
Operating result1,1 M €1,5 M €2,1 M €1,6 M €1,5 M €
Net result6,7 M €6,8 M €6,6 M €836,3 k €1 M €
Balance sheet
Equity51,6 M €44,8 M €38 M €31,5 M €30,6 M €
Total assets60,6 M €56,6 M €57,5 M €53,2 M €50,8 M €
Cash2,8 M €135,6 k €811,4 k €188,4 k €330,7 k €
Debts8,6 M €11 M €18,8 M €21 M €19,7 M €
Other
Workforce11,9 ETP13,9 ETP18,0 ETP20,0 ETP20,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 15 ended

Active mandates

KLAAS VANDENDRIES

Director · since 23 février 2001

Active

Ended mandates

Klaas Vandendries

Manager · since 01 janvier 2009 · until 18 juin 2010

Ended
Klaas Vandendries

Manager · since 01 janvier 2009 · until 17 juin 2012

Ended
Liselotte Rombaut

Manager · since 01 janvier 2009 · until 18 juin 2010

Ended
Liselotte Rombaut

Manager · since 01 janvier 2009 · until 17 juin 2012

Ended

Other companies at this address

Monnikshoekstraat 21 8630 Veurne
CompanyCBE no.
Lea Projects● Active
0694.911.166
Real Industry● Active
0694.720.235
REAL INTERIM● Active
0807.817.384
REAL PROPERTY● Active
0668.938.130
REAL RETAIL● Active
0420.136.296
REAL SOLUTIONS● Active
1024.485.888
REAL TRADE● Active
0629.905.924

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
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 date03/07/202616/07/202517/07/202419/07/202313/07/202223/07/2021
General meeting30/06/202630/06/202530/06/202430/06/202330/06/202215/07/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 34 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202603/07/2026DutchPDF
Full model31/12/202430/06/202516/07/2025DutchPDF
Consolidated accounts31/12/202425/07/202528/07/2025DutchPDF
Full model31/12/202330/06/202417/07/2024DutchPDF
Consolidated accounts31/12/202330/06/202412/07/2024DutchPDF
Full model31/12/202230/06/202319/07/2023DutchPDF
Consolidated accounts31/12/202230/06/202305/07/2023DutchPDF
Full model31/12/202130/06/202213/07/2022DutchPDF
Consolidated accounts31/12/202130/06/202214/07/2022DutchPDF
Full model31/12/202015/07/202122/07/2021DutchPDF
Consolidated accounts31/12/202015/07/202123/07/2021DutchPDF
Full model31/12/201927/07/202004/08/2020DutchPDF
Consolidated accounts31/12/201931/07/202004/08/2020DutchPDF
Full modelCorrection31/12/201830/07/201926/12/2019DutchPDF
Full model31/12/201830/07/201901/08/2019DutchPDF
Consolidated accounts31/12/201831/07/201928/08/2019DutchPDF
Full model31/12/201731/07/201831/07/2018DutchPDF
Consolidated accounts31/12/201731/07/201821/08/2018DutchPDF
Full model31/12/201628/09/201729/09/2017DutchPDF
Consolidated accounts31/12/201628/09/201729/09/2017DutchPDF
Full model31/12/201527/08/201629/08/2016DutchPDF
Consolidated accounts31/12/201527/08/201629/08/2016DutchPDF
Full model31/12/201418/08/201521/08/2015DutchPDF
Consolidated accounts31/12/201418/08/201519/08/2015DutchPDF

View all 34 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 15 ended

Active mandates

KLAAS VANDENDRIES

Director · since 23 février 2001

Active

Ended mandates

Klaas Vandendries

Manager · since 01 janvier 2009 · until 18 juin 2010

Ended
Klaas Vandendries

Manager · since 01 janvier 2009 · until 17 juin 2012

Ended
Liselotte Rombaut

Manager · since 01 janvier 2009 · until 18 juin 2010

Ended
Liselotte Rombaut

Manager · since 01 janvier 2009 · until 17 juin 2012

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates07/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office04/02/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates28/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/04/2017
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares30/01/2017
    KAPITAAL - AANDELEN
    PDF

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 20256,7 M €↓
  2. 01/01/2025
    nominationBV VCLJ Bedrijfsrevisoren — commissaris
  3. 2024
    Annual accounts 20246,8 M €↑
  4. 30/06/2024
    nominationJacques STEYAERT — commissaris
  5. 2023
    Annual accounts 20236,6 M €↑
  6. 2022
    Annual accounts 2022836,3 k €↓
  7. 2021
    Annual accounts 20211 M €↑
  8. 2017
    Annual accounts 2017711,5 k €↑
  9. 2016
    Annual accounts 2016502,9 k €↑
  10. 2016
    Name changeREAL UNITED
  11. 2015
    Annual accounts 2015441,4 k €↓
  12. 2014
    Annual accounts 20141,4 M €↑
  13. 2013
    Annual accounts 2013313,3 k €↓
  14. 2012
    Annual accounts 2012389,6 k €↑
  15. 2011
    Annual accounts 2011319,5 k €↑
  16. 2010
    Annual accounts 2010242,2 k €↑
  17. 2009
    Annual accounts 200915,1 k €↑
  18. 2008
    Annual accounts 2008-3,1 k €↓
  19. 2007
    Annual accounts 20071 M €↑
  20. 2006
    Annual accounts 2006350,4 k €
  21. 2006
    Name changeDEVAN TRADING
  22. 07/03/2001
    IncorporationPrivate limited company