ACTIVE

ORES

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Financial year 2025 · closed on 31/12/2025

Net result

-2 k €

-116.9% YoY

Gross margin

57,6 k €

-19.0% YoY

Equity

146,3 k €

-1.4% YoY

What does ORES do?

ORES is a Public limited company incorporated in 2001. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0475.023.846

Incorporation

19/06/2001

Legal form

Public limited company

Registered office

Avenue de Fléron 72
1190 Forest · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Signals

Solid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2007		2006
Income statement
Gross margin	57,6 k €	-19.0%	71,1 k €	+142%	29,4 k €	+145%	12 k €	+236%	3,6 k €	-83.3%	21,4 k €	-38.8%	35 k €	+57.0%	22,3 k €	-26.1%	30,1 k €	+222%	9,4 k €	-68.2%	29,4 k €	-0.9%	29,7 k €	-2.8%	30,5 k €	+0.9%	30,3 k €	-15.1%	35,7 k €	+1.1%	35,3 k €	+13.2%	31,2 k €	+8.0%	28,9 k €
EBITDA	5,5 k €	-71.9%	19,5 k €	+1662%	1,1 k €	-33.9%	1,7 k €	-48.0%	3,2 k €	-79.4%	15,7 k €	-46.5%	29,3 k €	+75.4%	16,7 k €	-38.9%	27,4 k €	+264%	7,5 k €	-67.7%	23,2 k €	-1.6%	23,6 k €	-4.0%	24,6 k €	-4.4%	25,7 k €	-16.4%	30,8 k €	+16.7%	26,4 k €	-2.2%	26,9 k €	+8.0%	25 k €
Operating result	-1,7 k €	-114%	12,3 k €	+302%	-6,1 k €	-10.3%	-5,5 k €	-39.0%	-4 k €	-146%	8,6 k €	-61.5%	22,2 k €	+131%	9,6 k €	-52.6%	20,2 k €	+5182%	383,2 €	-97.6%	16,1 k €	-2.3%	16,5 k €	-5.6%	17,5 k €	-6.0%	18,6 k €	-21.3%	23,6 k €	+22.9%	19,2 k €	-3.0%	19,8 k €	+13.3%	17,5 k €
Net result	-2 k €	-117%	12 k €	+280%	-6,6 k €	-2.0%	-6,5 k €	-52.5%	-4,3 k €	-196%	4,4 k €	-65.3%	12,8 k €	+94.0%	6,6 k €	-58.9%	16 k €	+397%	-5,4 k €	-213%	4,8 k €	-19.3%	5,9 k €	+11.0%	5,3 k €	-43.5%	9,4 k €	-12.6%	10,8 k €	+86.8%	5,8 k €	+19.6%	4,8 k €	+44.3%	3,3 k €
Balance sheet
Equity	146,3 k €	-1.4%	148,3 k €	+8.8%	136,3 k €	-4.6%	143 k €	-4.3%	149,5 k €	-2.8%	153,7 k €	+3.0%	149,3 k €	+9.4%	136,5 k €	+15.8%	117,9 k €	+15.7%	101,9 k €	-5.0%	107,3 k €	+4.6%	102,5 k €	+6.1%	96,6 k €	+5.8%	91,3 k €	+11.5%	81,9 k €	+15.1%	71,2 k €	+30.4%	54,5 k €	+9.7%	49,7 k €
Total assets	220,8 k €	-2.2%	225,8 k €	+6.1%	212,9 k €	-2.2%	217,7 k €	-2.9%	224,2 k €	-6.3%	239,2 k €	-0.8%	241,1 k €	-2.2%	246,6 k €	-5.5%	260,9 k €	-2.0%	266,3 k €	-2.6%	273,4 k €	-2.5%	280,5 k €	-3.4%	290,4 k €	-2.7%	298,5 k €	-1.4%	302,8 k €	-2.0%	309 k €	-4.4%	323,3 k €	-2.5%	331,7 k €
Cash	8,2 k €	+37.4%	6 k €	+64.2%	3,6 k €	+148%	1,5 k €	+88.2%	778 €	-88.6%	6,8 k €	+308%	1,7 k €		–		41,1 €		–		–		–		–		1 k €	+9.3%	942,6 €		–		–		1,3 k €
Debts	74,6 k €	-3.8%	77,5 k €	+1.3%	76,5 k €	+2.4%	74,7 k €	-0.0%	74,7 k €	-8.2%	81,4 k €	-7.3%	87,8 k €	-20.2%	110,1 k €	-23.0%	143 k €	-13.0%	164,4 k €	-1.0%	166,1 k €	-6.7%	178 k €	-8.1%	193,7 k €	-6.5%	207,2 k €	-6.2%	220,9 k €	-7.1%	237,8 k €	-11.5%	268,7 k €	-4.7%	282 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 8 ended

Active mandates

CESAR JULIO LORENTA GARCIA

Managing director

Active

THIERRY WATERMANS

Director

Active

Ended mandates

César Julio LORENTA GARCIA

Managing director · since 21 octobre 2014

Ended

César Julio LORENTE GARCIA

Managing director · since 21 octobre 2014

Ended

Thierry WAETERMANS

Director · since 21 octobre 2014

Ended

Thierry WATERMANS

Director · since 21 octobre 2014

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	26/08/2026	18/08/2025	28/08/2024	25/08/2023	04/01/2023	22/09/2021
General meeting	13/05/2026	05/06/2025	08/05/2024	01/06/2023	02/06/2022	26/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	13/05/2026	26/08/2026	French	PDF
Micro model	31/12/2024	05/06/2025	18/08/2025	French	PDF
Micro model	31/12/2023	08/05/2024	28/08/2024	French	PDF
Micro model	31/12/2022	01/06/2023	25/08/2023	French	PDF
Micro model	31/12/2021	02/06/2022	04/01/2023	French	PDF
Abridged model	31/12/2020	26/06/2021	22/09/2021	French	PDF
Abridged model	31/12/2019	27/06/2020	29/08/2020	French	PDF
Abridged model	31/12/2018	22/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2016	24/06/2017	31/10/2017	French	PDF
Abridged model	31/12/2015	25/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	27/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	28/06/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	22/06/2013	22/08/2013	French	PDF
Abridged model	31/12/2011	23/06/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	25/06/2011	06/11/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2007	27/06/2008	04/08/2008	French	PDF
Abridged model	31/12/2006	23/06/2007	24/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2022 · 2 active · 8 ended

Active mandates

CESAR JULIO LORENTA GARCIA

Managing director

Active

THIERRY WATERMANS

Director

Active

Ended mandates

César Julio LORENTA GARCIA

Managing director · since 21 octobre 2014

Ended

César Julio LORENTE GARCIA

Managing director · since 21 octobre 2014

Ended

Thierry WAETERMANS

Director · since 21 octobre 2014

Ended

Thierry WATERMANS

Director · since 21 octobre 2014

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates30/10/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office20/08/2008
SIEGE SOCIAL
PDF
Mandates16/02/2005
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2004
DEMISSIONS, NOMINATIONS
PDF
Mandates15/12/2004
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2002
DEMISSIONS, NOMINATIONS - SIEGE SOCIAL
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 2025-2 k €↓
2024
Annual accounts 202412 k €↑
2023
Annual accounts 2023-6,6 k €↓
2022
Annual accounts 2022-6,5 k €↓
2021
Annual accounts 2021-4,3 k €↓
2020
Annual accounts 20204,4 k €↓
2019
Annual accounts 201912,8 k €↑
2018
Annual accounts 20186,6 k €↓
2016
Annual accounts 201616 k €↑
2015
Annual accounts 2015-5,4 k €↓
2014
Annual accounts 20144,8 k €↓
2013
Annual accounts 20135,9 k €↑
2012
Annual accounts 20125,3 k €↓
2011
Annual accounts 20119,4 k €↓
2010
Annual accounts 201010,8 k €↑
2009
Annual accounts 20095,8 k €↑
2007
Annual accounts 20074,8 k €↑
2006
Annual accounts 20063,3 k €
19/06/2001
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

ORES

Overview

What does ORES do?

Trend over 18 financial years

Indicative valuation

Board of directors

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