ACTIVE

B44

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Financial year 2025 · closed on 31/12/2025
Net result
114,1 k €
-67.4% YoY
Gross margin
277,4 k €
-42.5% YoY
Equity
3,3 M €
+3.6% YoY

What does B44 do?

B44 is a Private limited company incorporated in 2014. Its main activity is: Architectural activities. Its registered office is in Leuven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0544.286.004
Incorporation
10/01/2014
Legal form
Private limited company
Registered office
Tiensevest 39
3010 Leuven · FlandreSee on map
Contributed capital
1 595 777,92 €
Latest accounts
31/12/2025
Activities (NACE)
71111Architectural activities· main71111Architectural activities41101Development of building projects43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.68121Buying and selling of own real estate
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin277,4 k €482,7 k €554,5 k €417,5 k €631,5 k €972,4 k €994 k €742,7 k €664,1 k €654,1 k €883,5 k €421,7 k €
EBITDA267,3 k €478,6 k €551,9 k €415,8 k €630,2 k €971,1 k €992,7 k €742,1 k €661,9 k €652,5 k €883,1 k €421,3 k €
Operating result116 k €415,7 k €404,1 k €352 k €569,8 k €908,3 k €928,4 k €660,2 k €595 k €615,7 k €852,1 k €421,3 k €
Net result114,1 k €349,6 k €323,7 k €265,7 k €14,2 k €686,4 k €664,2 k €483 k €405,8 k €257,1 k €566,5 k €280,7 k €
Balance sheet
Equity3,3 M €3,2 M €2,3 M €1,9 M €679 k €488,8 k €382,4 k €537,2 k €683,7 k €1,3 M €859,6 k €293,1 k €
Total assets3,9 M €3,8 M €2,6 M €2,2 M €1,1 M €1,5 M €1,6 M €1,4 M €2,2 M €2,4 M €1,9 M €1,2 M €
Cash837,5 k €547 k €206,5 k €1,3 M €596,8 k €1,1 M €810,5 k €775 k €729,2 k €831,3 k €415 k €1,1 M €
Debts573,5 k €593,2 k €374,8 k €300,4 k €445,2 k €985,1 k €1,2 M €840,1 k €1,5 M €1,1 M €990,4 k €872,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

JOHAN COKELAERE

Director · since 11 avril 2022

Active

Ended mandates

JOHAN COKELAERE

Director · since 10 janvier 2014

Ended
JOHAN COKELAERE

Administrator - manager · since 10 janvier 2014

Ended
JOHAN COKELAERE

Manager · since 10 janvier 2014

Ended
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 date16/06/202624/06/202517/06/202427/06/202327/06/202201/07/2021
General meeting26/02/202602/04/202528/03/202420/04/202317/02/202221/04/2021
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/02/202616/06/2026DutchPDF
Abridged model31/12/202402/04/202524/06/2025DutchPDF
Abridged model31/12/202328/03/202417/06/2024DutchPDF
Abridged model31/12/202220/04/202327/06/2023DutchPDF
Abridged model31/12/202117/02/202227/06/2022DutchPDF
Abridged model31/12/202021/04/202101/07/2021DutchPDF
Abridged model31/12/201905/06/202002/07/2020DutchPDF
Abridged model31/12/201807/06/201922/07/2019DutchPDF
Abridged model31/12/201701/06/201823/07/2018DutchPDF
Abridged model31/12/201602/06/201729/06/2017DutchPDF
Abridged model31/12/201503/06/201619/07/2016DutchPDF
Abridged model31/12/201405/06/201530/06/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 3 ended

Active mandates

JOHAN COKELAERE

Director · since 11 avril 2022

Active

Ended mandates

JOHAN COKELAERE

Director · since 10 janvier 2014

Ended
JOHAN COKELAERE

Administrator - manager · since 10 janvier 2014

Ended
JOHAN COKELAERE

Manager · since 10 janvier 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other13/01/2025
    DIVERSEN
    PDF
  • Mandates19/04/2022
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/03/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other14/01/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025114,1 k €↓
  2. 2024
    Annual accounts 2024349,6 k €↑
  3. 2023
    Annual accounts 2023323,7 k €↑
  4. 2022
    Annual accounts 2022265,7 k €↑
  5. 2021
    Annual accounts 202114,2 k €↓
  6. 2020
    Annual accounts 2020686,4 k €↑
  7. 2019
    Annual accounts 2019664,2 k €↑
  8. 2018
    Annual accounts 2018483 k €↑
  9. 2017
    Annual accounts 2017405,8 k €↑
  10. 2016
    Annual accounts 2016257,1 k €↓
  11. 2015
    Annual accounts 2015566,5 k €↑
  12. 2014
    Annual accounts 2014280,7 k €
  13. 10/01/2014
    IncorporationPrivate limited company