ACTIVE

Vicinity Affordable Housing Fund

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Financial year 2025 · Closed on 31/12/2025

Net result1,6 M €-33,1 %over 1 year
Gross margin-61,9 k €+6,5 %over 1 year
Equity142,7 M €+57,0 %over 1 year

Identity

Source · BCE/KBO

Vicinity Affordable Housing Fund is a Limited partnership incorporated in 2020. Its registered office is in Watermael-Boitsfort.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0759.989.654
Incorporation
18/12/2020
Legal form
Limited partnership
Registered office
Rue du Gruyer 50
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
141 378 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin-61,9 k €-66,2 k €-159,3 k €-46,9 k €-19,9 k €
EBITDA-62,5 k €-67,3 k €-170,7 k €-47,6 k €-20 k €
Operating result-208,7 k €-201,3 k €-288,1 k €-139,4 k €-103,9 k €
Net result1,6 M €2,4 M €731,8 k €341,2 k €-110 k €
Balance sheet
Equity142,7 M €90,9 M €71,4 M €49,7 M €43,5 M €
Total assets145,1 M €92,7 M €71,9 M €49,9 M €43,5 M €
Cash226,6 k €122,9 k €226,3 k €9,1 M €82,5 k €
Debts2,4 M €1,8 M €522,7 k €177,1 k €3 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

Vicinity Partners

Manager · since 18 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste VAN EX

Active

Ended mandates

Vicinity Partners

Director · since 18 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste VAN EX

Ended
Vicinity Partners

Manager · since 18 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste Van Ex

Ended

Other companies at this address

Rue du Gruyer 50 1170 Watermael-Boitsfort
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CASSE-NOIX 7● Active
0764.597.748
La Compagnie du Bois aux Charmes● Active
0673.714.884
LES AMIS DE GENeHOPE● Active
1018.943.329
Résidence Louise● Active
0403.305.115
VAHF● Active
0408.217.768
Vicinity Partners● Active
0724.935.240
Vicinity Services● Active
0759.989.456
VICINITY UNITY● Active
1030.612.231

Full financial information

Source · NBB
20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202218/12/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months13 months
Filing date12/06/202608/09/202526/08/202428/06/202322/06/2022
General meeting11/06/202612/06/202513/06/202414/06/202309/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/06/202612/06/2026DutchPDF
Abridged model31/12/202412/06/202508/09/2025DutchPDF
Abridged model31/12/202313/06/202426/08/2024DutchPDF
Abridged model31/12/202214/06/202328/06/2023DutchPDF
Abridged model31/12/202109/06/202222/06/2022DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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

1 active · 2 ended

Active mandates

Vicinity Partners

Manager · since 18 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste VAN EX

Active

Ended mandates

Vicinity Partners

Director · since 18 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste VAN EX

Ended
Vicinity Partners

Manager · since 18 décembre 2020 · 0724.935.240

Represented by Jean-Baptiste Van Ex

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares02/09/2026
    Kapitaalverhogingen
    PDF
  • Mandates02/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares12/04/2023
    KAPITAAL - AANDELEN
    PDF
  • Other09/05/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/10/2021
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/12/2020
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 20251,6 M €↓
  2. 2024
    Annual accounts 20242,4 M €↑
  3. 2023
    Annual accounts 2023731,8 k €↑
  4. 20/03/2023
    augmentation_capital
  5. 2022
    Annual accounts 2022341,2 k €↑
  6. 2021
    Annual accounts 2021-110 k €
  7. 18/12/2020
    IncorporationLimited partnership