ACTIVE

SHOPS BELGIUM 2

Financial year 2025 · Closed on 31/12/2025

Net result-54,5 k €+73,7 %over 1 year

Gross margin139,9 k €+88,8 %over 1 year

Equity530,1 k €-9,3 %over 1 year

Identity

Source · BCE/KBO

SHOPS BELGIUM 2 is a Public limited company incorporated in 2018. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0700.890.524
Incorporation: 14/08/2018
Legal form: Public limited company
Registered office: Rue des Guillemins 139/9
4000 Liège · WallonieSee on map
Contributed capital: 580 000,00 €
Latest accounts: 31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 41101Development of building projects 41102Development of building projects 68121Buying and selling of own real estate 68122Buying and selling of own real estate+4

Contacts

2 public details availableLog in to view

Signals

Solid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 8 filings

Trend over 7 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	139,9 k €	+88.8%	74,1 k €	+34.8%	55 k €	+33.7%	41,1 k €	+542%	6,4 k €
EBITDA	91,4 k €	+235%	27,3 k €	+14.6%	23,8 k €	+114%	-166,8 k €	-19.6%	-139,4 k €
Operating result	-13,6 k €	+82.8%	-78,7 k €	+8.5%	-86 k €	+66.9%	-259,5 k €	-15.5%	-224,8 k €
Net result	-54,5 k €	+73.7%	-207,6 k €	-0.6%	-206,4 k €	+32.2%	-304,4 k €	-16.2%	-261,9 k €
Balance sheet
Equity	530,1 k €	-9.3%	584,6 k €	+153%	-1,1 M €	-22.9%	-901,3 k €	-51.0%	-597 k €
Total assets	1,7 M €	-4.9%	1,7 M €	-5.0%	1,8 M €	-4.5%	1,9 M €	+57.7%	1,2 M €
Cash	37,8 k €	+1.1%	37,4 k €	-20.2%	46,8 k €	+172%	17,2 k €	+35.8%	12,7 k €
Debts	1,1 M €	-2.8%	1,1 M €	-60.9%	2,9 M €	+4.2%	2,8 M €	+54.8%	1,8 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

ARDENT INVEST

Managing director · since 01 mars 2026 · until 21 juin 2032 · 0700.472.731

Represented by Nicolas Léonard

Active

Emmanuel Mewissen

Managing director · since 01 mars 2026 · until 21 juin 2032

Active

Ended mandates

GESTBEL

Managing director · since 28 juin 2024 · until 17 juin 2030 · 0875.277.223

Represented by Jean-Marie Léonard

Ended

GESTBEL

Managing director · since 28 juin 2024 · until 28 juin 2030 · 0875.277.223

Represented by Jean-Marie Léonard

Ended

MILE MANAGEMENT

Chairman of the board of directors · since 28 juin 2024 · until 17 juin 2030 · 0537.166.204

Represented by Emmanuel Mewissen

Ended

MILE MANAGEMENT

Chairman of the board of directors · since 28 juin 2024 · until 28 juin 2030 · 0537.166.204

Represented by Emmanuel Mewissen

Ended

Other companies at this address

Rue des Guillemins 139/9 4000 Liège

Company	CBE no.
ARDENT HOTEL SUD● Active	0792.757.739
ARDENT LIFE BASTOGNE● Active	1038.111.123
BELGIUM BEER EXPORT● Active	0656.949.722
ENERGY SAVING CONSULTING● Active	0707.761.092
ERS INVEST● Active	0731.759.981
FABY● Active	0432.190.824
GUILLEMINS REAL ESTATE● Active	0478.717.071
HOTEL GUILLEMINS● Active	0681.873.475
"IMMO ARDENT TVA"● Active	0656.572.016
IMMOBILIERE CHEVREFEUILLE● Active	0462.529.256
IMMOBILIERE DE COINTE● Active	0897.139.142
IMMO CIRCUS WALLONIE● Active	0462.813.625
IMMO RETAIL● Active	0700.891.118
IRE● Active	0700.890.227
IR-IMMO● Active	0700.811.835
LEDCOM● Active	0477.570.293
LIEGE OFFICE CENTER● Active	0681.869.121
LIEGE STATION IR● Active	0700.472.632
NL FAMILY SUPPORT● Active	0801.234.252
QDA IMMO● Active	1010.227.086

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	21/08/2026	19/11/2025	31/10/2024	31/08/2023	30/09/2022	30/09/2021
General meeting	16/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	21/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	19/11/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	31/10/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	30/09/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	30/09/2021	French	PDF
Abridged model	31/12/2019	07/09/2020	30/12/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	31/08/2019	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 13 ended

Active mandates

ARDENT INVEST

Managing director · since 01 mars 2026 · until 21 juin 2032 · 0700.472.731

Represented by Nicolas Léonard

Active

Emmanuel Mewissen

Managing director · since 01 mars 2026 · until 21 juin 2032

Active

Ended mandates

GESTBEL

Managing director · since 28 juin 2024 · until 17 juin 2030 · 0875.277.223

Represented by Jean-Marie Léonard

Ended

GESTBEL

Managing director · since 28 juin 2024 · until 28 juin 2030 · 0875.277.223

Represented by Jean-Marie Léonard

Ended

MILE MANAGEMENT

Chairman of the board of directors · since 28 juin 2024 · until 17 juin 2030 · 0537.166.204

Represented by Emmanuel Mewissen

Ended

MILE MANAGEMENT

Chairman of the board of directors · since 28 juin 2024 · until 28 juin 2030 · 0537.166.204

Represented by Emmanuel Mewissen

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/03/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/01/2025
CAPITAL, ACTIONS
PDF
Mandates14/11/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates10/10/2024
DEMISSIONS, NOMINATIONS
PDF
Other14/09/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates09/07/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other29/08/2018
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

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Timeline

2025
Annual accounts 2025-54,5 k €↑
2024
Annual accounts 2024-207,6 k €↓
2023
Annual accounts 2023-206,4 k €↑
2022
Annual accounts 2022-304,4 k €↓
2021
Annual accounts 2021-261,9 k €↓
2020
Annual accounts 2020-236,4 k €↓
2019
Annual accounts 2019-94,8 k €
14/08/2018
IncorporationPublic limited company

SHOPS BELGIUM 2

Overview

Identity

Financials

Valuation

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

Timeline