ACTIVE

AG Real Estate Projects

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Financial year 2025 · Closed on 31/12/2025

Net result-1,1 M €+75,1 %over 1 year
Revenue539,6 k €-72,9 %over 1 year
Equity20,7 M €-5,1 %over 1 year

Identity

Source · BCE/KBO

AG Real Estate Projects is a Public limited company incorporated in 2015. Its main activity is: Development of building projects. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0632.680.619
Incorporation
23/06/2015
Legal form
Public limited company
Registered office
Avenue des Arts 58
1000 Bruxelles · BruxellesSee on map
Contributed capital
32 472 884,85 €
Latest accounts
31/12/2025
Signals
Solid equityLow riskGood liquidity

Financials

Source · NBB, 12 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue539,6 k €2 M €38,5 M €25 M €819,7 €
EBITDA-1,4 M €-2,5 M €-3,5 M €-942,7 k €593 k €
Operating result-1,2 M €-5,1 M €158,4 k €-5,8 M €780,6 k €
Net result-1,1 M €-4,5 M €510,2 k €-6,7 M €22,1 k €
Balance sheet
Equity20,7 M €21,8 M €26,3 M €23,6 M €-4,7 M €
Total assets25,2 M €37,4 M €31 M €55 M €24,3 M €
Debts4,5 M €15,7 M €4,7 M €30,6 M €28,2 M €

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

3 active · 16 ended

Active mandates

Astrid FLAMAND

Director · since 03 mars 2025 · until 08 juin 2027

Active
AMAURY DE CROMBRUGGHE

Director · since 15 juillet 2024 · until 08 juin 2027 · 0464.615.548

Represented by Amaury DE CROMBRUGGHE

Active
MARC VAN BEGIN

Director · since 08 juin 2021 · until 08 juin 2027 · 0864.979.583

Represented by Marc VAN BEGIN

Active

Ended mandates

Carine VAN BENEDEN

Director · since 08 juin 2021 · until 08 juin 2027

Ended
Erlinde EEMAN

Director · since 08 juin 2021 · until 08 juin 2027

Ended
Xavier DENIS

Director · since 08 juin 2021 · until 08 juin 2027

Ended
Xavier DENIS

Director · since 07 novembre 2018 · until 08 juin 2021

Ended

Other companies at this address

Avenue des Arts 58 1000 Bruxelles
CompanyCBE no.
ACA WERKRUIMTE● Active
0872.389.987
AG FINANCE● Active
0466.967.995
AG REAL ESTATE● Active
0403.231.968
AG Real Estate Asset Management● Active
0460.912.920
AG REAL ESTATE CAR PARK● Active
1010.617.858
AG REAL ESTATE CO-PRODUCTION IN DEVELOPMENT● Active
0825.540.571
AG REAL ESTATE COPRODUCTION IN DEVELOPMENT 2● Active
1009.685.767
AG REAL ESTATE FINANCE● Active
0445.949.679
AG REAL ESTATE LAND● Active
0417.389.515
AG Real Estate Property Management● Active
0450.100.190
AG REAL ESTATE SHARED SERVICES● Active
0472.969.525
AG REAL ESTATE WESTINVEST● Active
0841.798.563
AG Real Estate Westloan● Active
0871.397.025
AG RE OFFICE INVEST I● Active
0747.926.418
AG Residential● Active
0794.337.651
AIRPORT DEVELOPMENT● Active
0694.728.846
Ambassade du Canada● Active
0933.395.762
ARLON 53● Active
0743.427.893
AXS NAMUR 2● Active
0715.892.563
AXS NAMUR 3● Active
0715.886.229

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date24/06/202630/06/202501/07/202428/06/202327/06/202216/11/2021
General meeting09/06/202610/06/202511/06/202413/06/202314/06/202208/06/2021
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, 12 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202509/06/202624/06/2026FrenchPDF
Full model31/12/202410/06/202530/06/2025DutchPDF
Full model31/12/202311/06/202401/07/2024DutchPDF
Full model31/12/202213/06/202328/06/2023DutchPDF
Full model31/12/202114/06/202227/06/2022DutchPDF
Full modelCorrection31/12/202008/06/202116/11/2021DutchPDF
Full model31/12/202008/06/202119/07/2021DutchPDF
Full model31/12/201909/06/202030/06/2020DutchPDF
Full model31/12/201811/06/201927/06/2019DutchPDF
Full model31/12/201712/06/201818/06/2018DutchPDF
Full model31/12/201613/06/201719/06/2017DutchPDF
Full model31/12/201514/06/201623/06/2016DutchPDF

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

3 active · 16 ended

Active mandates

Astrid FLAMAND

Director · since 03 mars 2025 · until 08 juin 2027

Active
AMAURY DE CROMBRUGGHE

Director · since 15 juillet 2024 · until 08 juin 2027 · 0464.615.548

Represented by Amaury DE CROMBRUGGHE

Active
MARC VAN BEGIN

Director · since 08 juin 2021 · until 08 juin 2027 · 0864.979.583

Represented by Marc VAN BEGIN

Active

Ended mandates

Carine VAN BENEDEN

Director · since 08 juin 2021 · until 08 juin 2027

Ended
Erlinde EEMAN

Director · since 08 juin 2021 · until 08 juin 2027

Ended
Xavier DENIS

Director · since 08 juin 2021 · until 08 juin 2027

Ended
Xavier DENIS

Director · since 07 novembre 2018 · until 08 juin 2021

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates23/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/03/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares25/08/2023
    BENAMING - KAPITAAL - AANDELEN
    PDF
  • Capital / shares02/01/2023
    KAPITAAL - AANDELEN
    PDF
  • Mandates23/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/12/2020
    DIVERSEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 09/06/2026
    nominationDamien Walgrave — commissaris
  2. 2025
    Annual accounts 2025-1,1 M €↑
  3. 03/03/2025
    nominationAstrid Flamand — bestuurder
  4. 2024
    Annual accounts 2024-4,5 M €↓
  5. 15/07/2024
    nominationBV Amaury de Crombrugghe — bestuurder
  6. 11/06/2024
    reconductionKurt Cappoen — commissaris
  7. 2023
    Annual accounts 2023510,2 k €↑
  8. 22/08/2023
    augmentation_capital
  9. 22/08/2023
    apport
  10. 2023
    Name changeAG Real Estate Projects
  11. 2022
    Annual accounts 2022-6,7 M €↓
  12. 23/12/2022
    augmentation_capital
  13. 23/12/2022
    reduction_capital
  14. 2021
    Annual accounts 202122,1 k €↑
  15. 2020
    Annual accounts 2020-1,2 M €↑
  16. 2019
    Annual accounts 2019-3 M €↓
  17. 2018
    Annual accounts 2018-21,7 k €↑
  18. 2017
    Annual accounts 2017-522,1 k €↓
  19. 2016
    Annual accounts 2016-24,7 k €↓
  20. 2015
    Annual accounts 2015-6,6 k €
  21. 23/06/2015
    IncorporationPublic limited company
  22. 2015
    Name changeAG RE2 WATERS