ACTIVE

Unibra Development

Financial year 2025 · closed on 31/12/2025
Net result
-65,1 k €
+25.6% YoY
Equity
-358,6 k €
-22.2% YoY

What does Unibra Development do?

Unibra Development is a Public limited company incorporated in 2016. Its registered office is in Watermael-Boitsfort.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0654.987.154
Incorporation
25/05/2016
Legal form
Public limited company
Registered office
Boulevard du Souverain 25 box 9
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
425 000,00 €
Latest accounts
31/12/2025
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Revenue20 k €972 €966,5 €272,8 k €4 M €1,7 M €
EBITDA-92,2 k €-101,9 k €-90,7 k €-116,9 k €-99 k €-48 k €-114,8 k €-29,2 k €-49,9 k €
Operating result-92,2 k €-86,7 k €-90,7 k €-132 k €-99 k €-48 k €-114,8 k €-29,2 k €-53,1 k €
Net result-65,1 k €-87,4 k €-91,4 k €-105,8 k €-82,3 k €-64 k €-146,4 k €-61,3 k €-79,9 k €
Balance sheet
Equity-358,6 k €-293,5 k €-206,1 k €-114,7 k €-8,9 k €73,4 k €137,4 k €283,8 k €345,1 k €
Total assets38,3 k €47,6 k €126,8 k €140,1 k €126,7 k €161,9 k €1 M €1,7 M €2,1 M €
Cash6,1 k €41,9 k €119,6 k €129,9 k €98,5 k €81,1 k €155,6 k €1,4 M €1,1 M €
Debts396,8 k €341,1 k €317,8 k €239,7 k €135,6 k €88,5 k €876,5 k €1,4 M €1,8 M €
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 14 ended

Active mandates

ERLINDE EEMAN MANAGEMENT

Director · since 14 mai 2025 · until 19 mai 2028 · 1012.365.343

Represented by Erlinde Eeman

Active
ML Business Partner

Director · since 14 mai 2025 · until 19 mai 2028 · 0754.846.575

Represented by Marc Limneos

Active
MHCT SARL

Director · since 15 mai 2024 · until 20 mars 2026

Represented by Jean-Nicolas Montrieux

Active
THALES MANAGEMENT

Director · since 15 mai 2024 · until 19 mai 2028 · 0639.952.649

Represented by Renaud BLAVIER

Active
Thibault Relecom

Managing director · since 15 mai 2024 · until 19 mai 2028

Active

Ended mandates

MHCT SARL

Director · since 15 mai 2024 · until 15 mai 2026

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 15 mai 2026 · 0699.702.867

Represented by Christophe BOVING

Ended
Thibault Relecom

Managing director · since 17 avril 2021 · until 15 mai 2026

Ended
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Annual accounts

Full financial information

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 date29/06/202630/06/202514/06/202429/06/202315/06/202210/06/2021
General meeting15/05/202616/05/202517/05/202419/05/202320/05/202221/05/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202515/05/202629/06/2026FrenchPDF
Full model31/12/202416/05/202530/06/2025FrenchPDF
Full model31/12/202317/05/202414/06/2024FrenchPDF
Full model31/12/202219/05/202329/06/2023FrenchPDF
Full model31/12/202120/05/202215/06/2022FrenchPDF
Full model31/12/202021/05/202110/06/2021FrenchPDF
Full model31/12/201927/05/202018/06/2020FrenchPDF
Full model31/12/201822/05/201920/06/2019FrenchPDF
Full model31/12/201723/05/201828/05/2018FrenchPDF
Estimate

Indicative valuation

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 · 14 ended

Active mandates

ERLINDE EEMAN MANAGEMENT

Director · since 14 mai 2025 · until 19 mai 2028 · 1012.365.343

Represented by Erlinde Eeman

Active
ML Business Partner

Director · since 14 mai 2025 · until 19 mai 2028 · 0754.846.575

Represented by Marc Limneos

Active
MHCT SARL

Director · since 15 mai 2024 · until 20 mars 2026

Represented by Jean-Nicolas Montrieux

Active
THALES MANAGEMENT

Director · since 15 mai 2024 · until 19 mai 2028 · 0639.952.649

Represented by Renaud BLAVIER

Active
Thibault Relecom

Managing director · since 15 mai 2024 · until 19 mai 2028

Active

Ended mandates

MHCT SARL

Director · since 15 mai 2024 · until 15 mai 2026

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 15 mai 2026 · 0699.702.867

Represented by Christophe BOVING

Ended
Thibault Relecom

Managing director · since 17 avril 2021 · until 15 mai 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring28/08/2026
    OPERATION ASSIMILEE A UNE FUSION PAR ABSORPTION DE "UNIBRIZE":
    PDF
  • Mandates22/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring22/05/2026
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates22/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office29/08/2023
    SIEGE SOCIAL
    PDF
  • Mandates17/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/03/2023
    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

Timeline

  1. 2025
    Annual accounts 2025-65,1 k €
  2. 2024
    Annual accounts 2024-87,4 k €
  3. 2023
    Annual accounts 2023-91,4 k €
  4. 2022
    Annual accounts 2022-105,8 k €
  5. 2021
    Annual accounts 2021-82,3 k €
  6. 2020
    Annual accounts 2020-64 k €
  7. 2019
    Annual accounts 2019-146,4 k €
  8. 2018
    Annual accounts 2018-61,3 k €
  9. 2017
    Annual accounts 2017-79,9 k €
  10. 25/05/2016
    IncorporationPublic limited company