ACTIVE

Real Estate Development Trust

Financial year 2025 · closed on 31/12/2025
Net result
253,9 k €
+100.9% YoY
Gross margin
-12,2 k €
+14.4% YoY
Equity
4,9 M €
+5.5% YoY
Workforce
0,0 ETP

What does Real Estate Development Trust do?

Real Estate Development Trust is a Public limited company incorporated in 2018. Its registered office is in Antwerpen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0716.820.201
Incorporation
24/12/2018
Legal form
Public limited company
Registered office
Mediaplein 1
2018 Antwerpen · FlandreSee on map
Contributed capital
1 000 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212019
Income statement
Gross margin-12,2 k €-14,2 k €-15,2 k €-18,1 k €-13,5 k €-9,4 k €
EBITDA-13,5 k €-14,4 k €-17,6 k €-19,1 k €-14,7 k €-10,2 k €
Operating result-13,5 k €-14,4 k €-17,6 k €-19,1 k €-14,7 k €-14,4 k €
Net result253,9 k €126,4 k €76,5 k €3,5 M €-4,6 k €-9,3 k €
Balance sheet
Equity4,9 M €4,6 M €4,5 M €4,4 M €983,4 k €990,7 k €
Total assets6 M €4,7 M €4,6 M €7,1 M €3,7 M €3,2 M €
Cash23,6 k €202 k €54 k €1,1 M €61,5 k €120,9 k €
Debts1,1 M €81,7 k €73 k €2,7 M €2,7 M €2,2 M €
Other
Workforce0,0 ETP0,0 ETP
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 · 4 active · 16 ended

Active mandates

Contrarian

Director · since 18 mars 2026 · until 04 juin 2031 · 0675.425.054

Represented by Björn Dillien

Active
A.P.E.

Director · since 26 octobre 2023 · until 06 juin 2029 · 0465.731.642

Represented by Eric VERBEECK

Active
BELFILUX S.A

Director · since 26 octobre 2023 · until 06 juin 2029 · 0507.665.732

Represented by Eric DE VOCHT

Active
JOG

Managing director · since 18 octobre 2023 · until 06 juin 2029 · 0894.231.716

Represented by Jo Gielen

Active

Ended mandates

BELFILUX S.A

Director · since 26 octobre 2023 · until 06 juin 2029 · 0507.665.732

Represented by Eric DE VOCHT

Ended
JOG

Managing director · since 26 octobre 2023 · until 06 juin 2029 · 0894.231.716

Represented by Jo GIELEN

Ended
Stélina Invest

Director · since 26 octobre 2023 · until 06 juin 2029 · 0739.524.931

Represented by Stéphane VERBEECK

Ended
Stélina Invest

Director · since 26 octobre 2023 · until 06 juin 2029 · 0739.524.931

Represented by Stéphane VERBEECK

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro 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 date16/06/202620/06/202509/07/202414/07/202330/06/202201/07/2021
General meeting03/06/202604/06/202505/06/202407/06/202301/06/202202/06/2021
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

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/06/202616/06/2026DutchPDF
Abridged model31/12/202404/06/202520/06/2025DutchPDF
Abridged model31/12/202305/06/202409/07/2024DutchPDF
Micro model31/12/202207/06/202314/07/2023DutchPDF
Abridged model31/12/202101/06/202230/06/2022DutchPDF
Abridged model31/12/202002/06/202101/07/2021DutchPDF
Abridged model31/12/201903/06/202014/07/2020DutchPDF
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 · 4 active · 16 ended

Active mandates

Contrarian

Director · since 18 mars 2026 · until 04 juin 2031 · 0675.425.054

Represented by Björn Dillien

Active
A.P.E.

Director · since 26 octobre 2023 · until 06 juin 2029 · 0465.731.642

Represented by Eric VERBEECK

Active
BELFILUX S.A

Director · since 26 octobre 2023 · until 06 juin 2029 · 0507.665.732

Represented by Eric DE VOCHT

Active
JOG

Managing director · since 18 octobre 2023 · until 06 juin 2029 · 0894.231.716

Represented by Jo Gielen

Active

Ended mandates

BELFILUX S.A

Director · since 26 octobre 2023 · until 06 juin 2029 · 0507.665.732

Represented by Eric DE VOCHT

Ended
JOG

Managing director · since 26 octobre 2023 · until 06 juin 2029 · 0894.231.716

Represented by Jo GIELEN

Ended
Stélina Invest

Director · since 26 octobre 2023 · until 06 juin 2029 · 0739.524.931

Represented by Stéphane VERBEECK

Ended
Stélina Invest

Director · since 26 octobre 2023 · until 06 juin 2029 · 0739.524.931

Represented by Stéphane VERBEECK

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/11/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates10/10/2025
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office09/10/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates22/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/12/2018
    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 2025253,9 k €
  2. 2024
    Annual accounts 2024126,4 k €
  3. 2023
    Annual accounts 202376,5 k €
  4. 2022
    Annual accounts 20223,5 M €
  5. 2021
    Annual accounts 2021-4,6 k €
  6. 2019
    Annual accounts 2019-9,3 k €
  7. 24/12/2018
    IncorporationPublic limited company