ACTIVE

ROYALE 67

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Financial year 2025 · closed on 31/12/2025

Net result

361,6 k €

+53.1% YoY

Revenue

829,8 k €

+2.8% YoY

Equity

1,2 M €

-55.5% YoY

What does ROYALE 67 do?

ROYALE 67 is a Public limited company incorporated in 2001. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.634.064

Incorporation

24/04/2001

Legal form

Public limited company

Registered office

Boulevard du Souverain 25 box 9
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

1 111 621,00 €

Latest accounts

31/12/2025

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	829,8 k €	+2.8%	807,2 k €	+4.2%	774,8 k €	+7.4%	721,6 k €	+5.1%	686,7 k €	+1.6%	675,7 k €	+1.0%	668,8 k €	+1.6%	658,3 k €	+1.8%	646,6 k €	+1.8%	635,2 k €		–		–		–		603,2 k €	-5.7%	639,6 k €	+2.2%	626 k €	-0.0%	626,3 k €	+39.3%	449,5 k €	-24.2%	592,6 k €
EBITDA	601,8 k €	+9.9%	547,7 k €	-0.8%	552,3 k €	-7.7%	598,6 k €	+0.1%	598,2 k €	+23.1%	485,9 k €	-5.0%	511,7 k €	+12.0%	457,1 k €	+10.2%	414,6 k €	-13.3%	478,1 k €	-8.3%	521,2 k €	-3.1%	537,6 k €	+48.0%	363,3 k €	-19.5%	451,1 k €	-22.2%	579,9 k €	+25.9%	460,6 k €	-2.6%	473,1 k €	+31.1%	360,8 k €	-30.2%	517,2 k €
Operating result	406,2 k €	+15.9%	350,6 k €	-1.3%	355,3 k €	-11.5%	401,7 k €	+0.1%	401,3 k €	+38.8%	289 k €	-8.2%	314,9 k €	+20.7%	260,8 k €	+1.3%	257,6 k €	-11.7%	291,8 k €	-3.3%	301,8 k €	-15.0%	354,8 k €	+163%	134,8 k €	-49.8%	268,3 k €	-32.4%	397,1 k €	+43.0%	277,8 k €	-4.3%	290,3 k €	+29.7%	223,7 k €	-33.1%	334,4 k €
Net result	361,6 k €	+53.1%	236,1 k €	+10.1%	214,5 k €	-13.9%	249,3 k €	+6.0%	235,2 k €	+59.0%	147,9 k €	+2.8%	143,9 k €	+40.8%	102,2 k €	-22.7%	132,1 k €	-13.2%	152,2 k €	-2.2%	155,6 k €	-19.5%	193,3 k €	+163%	-306,4 k €	-633%	57,5 k €	+4.1%	55,2 k €	+331%	-23,9 k €	+80.8%	-124,1 k €	-473%	33,3 k €	+525%	-7,8 k €
Balance sheet
Equity	1,2 M €	-55.5%	2,8 M €	+9.3%	2,5 M €	+9.2%	2,3 M €	+12.0%	2,1 M €	+12.8%	1,8 M €	+8.8%	1,7 M €	+9.3%	1,5 M €	+7.1%	1,4 M €	+10.1%	1,3 M €	+13.1%	1,2 M €	+15.5%	1 M €	+23.9%	808,4 k €	-27.5%	1,1 M €	+5.4%	1,1 M €	+5.5%	1 M €	-2.3%	1 M €	-10.8%	1,2 M €	-46.8%	2,2 M €
Total assets	4,5 M €	+0.2%	4,5 M €	+1.1%	4,5 M €	+2.1%	4,4 M €	-0.6%	4,4 M €	-3.8%	4,6 M €	+0.5%	4,6 M €	-1.4%	4,6 M €	-4.5%	4,8 M €	-3.0%	5 M €	-2.9%	5,1 M €	+1.7%	5,1 M €	-6.4%	5,4 M €	-19.6%	6,7 M €	-4.6%	7 M €	-11.8%	8 M €	+3.3%	7,7 M €	-3.1%	8 M €	-0.0%	8 M €
Cash	286,1 k €	+93.8%	147,6 k €	+243%	43 k €	-89.7%	417,1 k €	+35.5%	307,8 k €	-37.8%	495,1 k €	+230%	149,8 k €	+112%	70,7 k €	-27.4%	97,4 k €	+18.9%	81,9 k €	-42.9%	143,5 k €	+174%	52,4 k €	-43.4%	92,5 k €	-63.5%	253,7 k €	+158%	98,2 k €	-86.9%	750 k €	+22.4%	612,7 k €	-4.0%	638 k €	+99.4%	320 k €
Debts	3,1 M €	+99.4%	1,6 M €	-11.1%	1,7 M €	-6.9%	1,9 M €	-13.4%	2,2 M €	-16.0%	2,6 M €	-4.6%	2,7 M €	-7.3%	2,9 M €	-9.9%	3,2 M €	-8.2%	3,5 M €	-7.9%	3,8 M €	-5.6%	4,1 M €	-9.8%	4,5 M €	-19.5%	5,6 M €	-0.7%	5,6 M €	-15.2%	6,6 M €	-1.2%	6,7 M €	-1.4%	6,8 M €	+20.2%	5,6 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 37 ended

Active mandates

ERLINDE EEMAN MANAGEMENT

Director · since 15 mai 2025 · until 19 mai 2028 · 1012.365.343

Represented by Erlinde Eeman

Active

MHCT SARL

Director · since 15 mai 2025 · until 20 mars 2026

Represented by Jean-Nicolas Montrieux

Active

ML Business Partner

Director · since 15 mai 2025 · until 19 mai 2028 · 0754.846.575

Represented by Marc Limneos

Active

THALES MANAGEMENT

Director · since 15 mai 2025 · until 19 mai 2028 · 0639.952.649

Represented by Renaud BLAVIER

Active

Thibault Relecom

Managing director · since 17 avril 2021 · until 16 mai 2025

Active

Ended mandates

MHCT SARL

Director · since 15 mai 2024 · until 16 mai 2025

Represented by Jean-Nicolas Montrieux

Ended

Christophe Boving

Director · since 15 novembre 2021 · until 01 février 2023 · 0699.702.867

Represented by Christophe Boving

Ended

Christophe Boving

Director · since 15 novembre 2021 · until 16 mai 2025 · 0699.702.867

Represented by Christophe Boving

Ended

THALES MANAGEMENT

Director · since 14 mai 2020 · until 16 mai 2025 · 0639.952.649

Represented by Renaud BLAVIER

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	29/06/2026	30/06/2025	18/07/2024	14/07/2023	08/07/2022	10/06/2021
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	29/06/2026	French	PDF
Full model	31/12/2024	16/05/2025	30/06/2025	French	PDF
Full model	31/12/2023	17/05/2024	18/07/2024	French	PDF
Full model	31/12/2022	19/05/2023	14/07/2023	French	PDF
Full model	31/12/2021	20/05/2022	08/07/2022	French	PDF
Full model	31/12/2020	21/05/2021	10/06/2021	French	PDF
Full model	31/12/2019	14/05/2020	18/06/2020	French	PDF
Full model	31/12/2018	09/05/2019	07/06/2019	French	PDF
Full model	31/12/2017	11/05/2018	28/05/2018	French	PDF
Full model	31/12/2016	29/06/2017	06/07/2017	French	PDF
Full model	31/12/2015	12/05/2016	24/08/2016	French	PDF
Full model	31/12/2014	14/05/2015	27/08/2015	French	PDF
Full model	31/12/2013	08/05/2014	26/06/2014	French	PDF
Full model	30/09/2012	15/02/2013	04/03/2013	French	PDF
Full model	30/09/2011	08/02/2012	28/02/2012	French	PDF
Full model	30/09/2010	24/02/2011	18/03/2011	French	PDF
Full model	30/09/2009	12/05/2010	22/06/2010	French	PDF
Full model	30/09/2008	22/04/2009	29/04/2009	French	PDF
Full model	31/12/2007	27/05/2008	20/06/2008	French	PDF
Full modelCorrection	31/12/2006	14/03/2007	28/09/2007	French	PDF
Full model	31/12/2006	14/03/2007	08/05/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 active · 37 ended

Active mandates

ERLINDE EEMAN MANAGEMENT

Director · since 15 mai 2025 · until 19 mai 2028 · 1012.365.343

Represented by Erlinde Eeman

Active

MHCT SARL

Director · since 15 mai 2025 · until 20 mars 2026

Represented by Jean-Nicolas Montrieux

Active

ML Business Partner

Director · since 15 mai 2025 · until 19 mai 2028 · 0754.846.575

Represented by Marc Limneos

Active

THALES MANAGEMENT

Director · since 15 mai 2025 · until 19 mai 2028 · 0639.952.649

Represented by Renaud BLAVIER

Active

Thibault Relecom

Managing director · since 17 avril 2021 · until 16 mai 2025

Active

Ended mandates

MHCT SARL

Director · since 15 mai 2024 · until 16 mai 2025

Represented by Jean-Nicolas Montrieux

Ended

Christophe Boving

Director · since 15 novembre 2021 · until 01 février 2023 · 0699.702.867

Represented by Christophe Boving

Ended

Christophe Boving

Director · since 15 novembre 2021 · until 16 mai 2025 · 0699.702.867

Represented by Christophe Boving

Ended

THALES MANAGEMENT

Director · since 14 mai 2020 · until 16 mai 2025 · 0639.952.649

Represented by Renaud BLAVIER

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates09/08/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office29/08/2023
SIEGE SOCIAL
PDF
Mandates11/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates27/09/2021
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 2025361,6 k €↑
2024
Annual accounts 2024236,1 k €↑
2023
Annual accounts 2023214,5 k €↓
2022
Annual accounts 2022249,3 k €↑
2021
Annual accounts 2021235,2 k €↑
2020
Annual accounts 2020147,9 k €↑
2019
Annual accounts 2019143,9 k €↑
2018
Annual accounts 2018102,2 k €↓
2017
Annual accounts 2017132,1 k €↓
2016
Annual accounts 2016152,2 k €↓
2015
Annual accounts 2015155,6 k €↓
2014
Annual accounts 2014193,3 k €↑
2013
Annual accounts 2013-306,4 k €↓
2013
Name changeROYALE 67
2012
Annual accounts 201257,5 k €↑
2011
Annual accounts 201155,2 k €↑
2010
Annual accounts 2010-23,9 k €↑
2009
Annual accounts 2009-124,1 k €↓
2008
Annual accounts 200833,3 k €↑
2007
Annual accounts 2007-7,8 k €
2007
Name changeKP RUE ROYALE
24/04/2001
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

ROYALE 67

Overview

What does ROYALE 67 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