ACTIVE

REI PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

414,2 k €

+36.8% YoY

Revenue

8,6 M €

+32.4% YoY

Equity

1,1 M €

+57.5% YoY

Workforce

19,2 ETP

+24.7% YoY

What does REI PROJECTS do?

REI PROJECTS is a Public limited company incorporated in 2009. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Dendermonde. It employs on average 19,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0808.937.438

Incorporation

08/01/2009

Legal form

Public limited company

Registered office

Vriesenrot (STG) 3
9200 Dendermonde · FlandreSee on map

Contributed capital

80 100,00 €

Latest accounts

31/12/2025

Average workforce

19,2 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.80090Security and investigation activities 80200Security systems service activities

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	8,6 M €	+32.4%	6,5 M €	+8.2%	6 M €	+46.2%	4,1 M €		–		–		4,1 M €		–		–		1,8 M €	+18.8%	1,5 M €		–		884,9 k €	+9.4%	808,6 k €	+69.7%	476,5 k €	-40.3%	797,5 k €
EBITDA	696,8 k €	+17.6%	592,8 k €	-27.9%	821,7 k €	+68.5%	487,6 k €	+3.9%	469,2 k €	-42.9%	821,2 k €	+41.9%	578,8 k €	-17.6%	702 k €	+206%	229,5 k €	+5.8%	217 k €	+29.5%	167,6 k €	+6.1%	157,9 k €	+11.5%	141,6 k €	+66.3%	85,1 k €	+13.9%	74,7 k €	-48.3%	144,5 k €
Operating result	609,9 k €	+23.8%	492,5 k €	-35.1%	758,6 k €	+83.9%	412,6 k €	-1.9%	420,7 k €	-45.0%	765,3 k €	+39.6%	548,4 k €	-13.1%	630,8 k €	+233%	189,7 k €	+3.4%	183,4 k €	+17.9%	155,6 k €	+6.9%	145,5 k €	+11.9%	130 k €	+89.3%	68,7 k €	+11.5%	61,6 k €	-50.8%	125,1 k €
Net result	414,2 k €	+36.8%	302,7 k €	-43.6%	536,8 k €	+85.1%	290 k €	-1.2%	293,6 k €	-46.8%	552 k €	+53.0%	360,7 k €	-15.7%	428,1 k €	+277%	113,6 k €	-0.1%	113,8 k €	+20.3%	94,6 k €	+4.6%	90,5 k €	+7.8%	83,9 k €	+104%	41,2 k €	+11.1%	37,1 k €	-55.4%	83,1 k €
Balance sheet
Equity	1,1 M €	+57.5%	720,6 k €	+61.7%	445,6 k €	-76.3%	1,9 M €	+18.3%	1,6 M €	+22.7%	1,3 M €	+74.3%	743,1 k €	+10.5%	672,4 k €	+175%	244,2 k €	+1.5%	240,6 k €	+89.7%	126,8 k €	+54.2%	82,2 k €	+0.6%	81,8 k €	+12.2%	72,9 k €	-42.5%	126,7 k €	-12.4%	144,6 k €
Total assets	3,7 M €	+20.6%	3,1 M €	+22.9%	2,5 M €	-37.1%	4 M €	+18.7%	3,3 M €	+20.5%	2,8 M €	+41.4%	2 M €	+7.8%	1,8 M €	+97.8%	920,6 k €	+11.8%	823,1 k €	+35.2%	609 k €	+37.5%	442,8 k €	+16.2%	381 k €	+16.0%	328,5 k €	-2.6%	337,4 k €	+4.6%	322,6 k €
Cash	234 k €	+23.8%	189 k €	+37.7%	137,3 k €	+60.9%	85,3 k €	-14.6%	99,9 k €	-38.5%	162,4 k €	-36.1%	254,4 k €	+46.4%	173,7 k €	+36.7%	127,1 k €	-9.2%	140 k €	+90.7%	73,4 k €	-6.5%	78,5 k €	-38.6%	128 k €	+59.8%	80,1 k €	+27.1%	63 k €	-6.5%	67,4 k €
Debts	2,6 M €	+9.3%	2,3 M €	+14.5%	2,1 M €	-1.8%	2,1 M €	+19.4%	1,8 M €	+18.4%	1,5 M €	+21.3%	1,2 M €	+6.2%	1,1 M €	+69.9%	675,7 k €	+18.0%	572,8 k €	+21.8%	470,2 k €	+34.6%	349,2 k €	+20.7%	289,3 k €	+16.1%	249,2 k €	+20.1%	207,5 k €	+16.7%	177,7 k €
Other
Workforce	19,2 ETP	+24.7%	15,4 ETP	+36.3%	11,3 ETP	+22.8%	9,2 ETP	+9.5%	8,4 ETP	+6.3%	7,9 ETP	-6.0%	8,4 ETP	+29.2%	6,5 ETP	+32.7%	4,9 ETP	+32.4%	3,7 ETP	-2.6%	3,8 ETP	-5.0%	4,0 ETP	+111%	1,9 ETP	+111%	0,9 ETP	+350%	0,2 ETP	-33.3%	0,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

JUSST

Director · 0759.777.046

Represented by Stijn Veldeman

Active

REI Group

Director · 0555.933.130

Represented by Filip Franckaert

Active

Ended mandates

Tomas Mannaert

Managing director · since 31 mars 2018

Ended

FILIP FRANCKAERT

Managing director · since 01 juillet 2012

Ended

CHRISTIAAN VOGT

Director · since 06 janvier 2009

Ended

KURT DE WEIRDT

Managing director · since 06 janvier 2009

Ended

At this address

Other companies at this address

Company	CBE no.
IPC SERVICES● Active	0738.887.701
REI Group● Active	0555.933.130

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full 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	11/07/2026	16/07/2025	30/09/2024	26/07/2023	31/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	12/06/2023	22/08/2022	16/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	11/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	30/09/2024	Dutch	PDF
Full model	31/12/2022	12/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	22/08/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	16/03/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	08/09/2020	06/10/2020	Dutch	PDF
Abridged model	31/12/2018	10/06/2019	28/08/2019	Dutch	PDF
Abridged model	30/09/2017	20/03/2018	16/05/2018	Dutch	PDF
Abridged model	30/09/2016	21/03/2017	15/05/2017	Dutch	PDF
Abridged model	30/09/2015	15/03/2016	10/05/2016	Dutch	PDF
Abridged model	30/09/2014	17/03/2015	29/04/2015	Dutch	PDF
Abridged model	30/09/2013	18/03/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	19/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	15/11/2011	21/03/2012	Dutch	PDF
Abridged model	30/09/2010	15/03/2011	29/04/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 15 ended

Active mandates

JUSST

Director · 0759.777.046

Represented by Stijn Veldeman

Active

REI Group

Director · 0555.933.130

Represented by Filip Franckaert

Active

Ended mandates

Tomas Mannaert

Managing director · since 31 mars 2018

Ended

FILIP FRANCKAERT

Managing director · since 01 juillet 2012

Ended

CHRISTIAAN VOGT

Director · since 06 janvier 2009

Ended

KURT DE WEIRDT

Managing director · since 06 janvier 2009

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring24/01/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring25/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Registered office15/02/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/10/2018
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/07/2018
ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Registered office03/02/2016
MAATSCHAPPELIJKE ZETEL
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

2025
Annual accounts 2025414,2 k €↑
2024
Annual accounts 2024302,7 k €↓
2023
Annual accounts 2023536,8 k €↑
2022
Annual accounts 2022290 k €↓
2021
Annual accounts 2021293,6 k €↓
2020
Annual accounts 2020552 k €↑
2019
Annual accounts 2019360,7 k €↓
2018
Annual accounts 2018428,1 k €↑
2017
Annual accounts 2017113,6 k €↓
2016
Annual accounts 2016113,8 k €↑
2015
Annual accounts 201594,6 k €↑
2014
Annual accounts 201490,5 k €↑
2013
Annual accounts 201383,9 k €↑
2012
Annual accounts 201241,2 k €↑
2011
Annual accounts 201137,1 k €↓
2010
Annual accounts 201083,1 k €
08/01/2009
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

REI PROJECTS

Overview

What does REI PROJECTS do?

Trend over 16 financial years

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