ACTIVE

HP REAL

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Financial year 2025 · closed on 31/12/2025
Net result
1,5 M €
+572.0% YoY
Gross margin
4,8 M €
+79.3% YoY
Equity
9 M €
+20.6% YoY

What does HP REAL do?

HP REAL is a Public limited company incorporated in 2009. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0810.775.290
Incorporation
30/03/2009
Legal form
Public limited company
Registered office
Galerie Ravenstein 3 box 9
1000 Bruxelles · BruxellesSee on map
Contributed capital
5 564 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
68201Rental and operating of own or leased real estate· main68201Rental and operating of own or leased real estate68310Real estate agencies68311Real estate agencies
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin4,8 M €2,7 M €377,8 k €1,1 M €884,5 k €663,1 k €988,8 k €1 M €888,9 k €871,9 k €532 k €512 k €547,3 k €630,3 k €919,8 k €1,7 M €
EBITDA4,4 M €2,4 M €312,2 k €924,7 k €838,7 k €599 k €924,7 k €931,4 k €775,2 k €803,1 k €456 k €398,7 k €467,8 k €512,7 k €819,3 k €1,3 M €
Operating result3,5 M €1,5 M €45,6 k €750,8 k €642,4 k €368,1 k €702,3 k €570,2 k €353,3 k €296,7 k €-108,3 k €-165,8 k €-118,3 k €-104,1 k €265,4 k €349,8 k €
Net result1,5 M €-326,1 k €-10,5 k €620,8 k €487,7 k €309,1 k €549,9 k €565,7 k €667,5 k €587,6 k €549,2 k €664,7 k €259,6 k €753,3 k €478,3 k €489,6 k €
Balance sheet
Equity9 M €7,5 M €7,8 M €7,8 M €7,3 M €6,8 M €6,5 M €10,1 M €9,5 M €26,8 M €26,3 M €25,7 M €25 M €24,8 M €24,1 M €24 M €
Total assets27,1 M €30,4 M €32,7 M €8,8 M €7,9 M €7,2 M €11 M €10,4 M €9,9 M €27,1 M €26,6 M €26 M €25,6 M €25,3 M €25,1 M €24,4 M €
Cash124 k €19,7 k €26,7 k €57,4 k €42,7 k €64,8 k €24,2 k €324,1 k €20,4 k €39,3 k €271,9 k €37,4 k €53,2 k €33,8 k €29,9 k €54,3 k €
Debts16,1 M €21,7 M €24,1 M €245,9 k €103,2 k €98,5 k €4,2 M €224,7 k €268,2 k €217,7 k €237 k €259,8 k €510,6 k €461,1 k €846,3 k €345,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

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

Active mandates

Fintea Management & Consulting Services

Director · since 01 décembre 2024 · until 01 décembre 2030 · 0895.863.789

Represented by Tom Eeckhout

Active
ROYAL PROPERTY MANAGEMENT

Director · since 01 décembre 2024 · until 01 décembre 2030 · 0472.090.684

Represented by Michael Lisman

Active

Ended mandates

Fortim

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0417.166.811

Represented by Michael Lisman

Ended
Fintea Management & Consulting Services

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0895.863.789

Represented by Tom Eeckhout

Ended
Fintea Management & Consulting Services

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0895.863.789

Represented by Tom Eeckhout

Ended
Fortim

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0417.166.811

Represented by Capital Falcon

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202629/09/202527/09/202429/09/202331/08/202215/09/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202515/05/202631/08/2026DutchPDF
Abridged model31/12/202416/05/202529/09/2025DutchPDF
Abridged model31/12/202317/05/202427/09/2024DutchPDF
Abridged model31/12/202219/05/202329/09/2023DutchPDF
Abridged model31/12/202120/05/202231/08/2022DutchPDF
Abridged model31/12/202021/05/202115/09/2021DutchPDF
Abridged model31/12/201924/07/202009/10/2020DutchPDF
Abridged model31/12/201817/05/201931/07/2019DutchPDF
Abridged model31/12/201718/05/201829/08/2018DutchPDF
Abridged model31/12/201619/05/201730/08/2017DutchPDF
Abridged model31/12/201510/06/201631/08/2016DutchPDF
Abridged model31/12/201415/05/201519/08/2015DutchPDF
Abridged model31/12/201316/05/201429/08/2014DutchPDF
Abridged model31/12/201217/05/201328/08/2013DutchPDF
Abridged model31/12/201118/05/201211/09/2012DutchPDF
Abridged model31/12/201016/09/201130/11/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

Fintea Management & Consulting Services

Director · since 01 décembre 2024 · until 01 décembre 2030 · 0895.863.789

Represented by Tom Eeckhout

Active
ROYAL PROPERTY MANAGEMENT

Director · since 01 décembre 2024 · until 01 décembre 2030 · 0472.090.684

Represented by Michael Lisman

Active

Ended mandates

Fortim

Director · since 15 octobre 2019 · until 14 octobre 2025 · 0417.166.811

Represented by Michael Lisman

Ended
Fintea Management & Consulting Services

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0895.863.789

Represented by Tom Eeckhout

Ended
Fintea Management & Consulting Services

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0895.863.789

Represented by Tom Eeckhout

Ended
Fortim

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0417.166.811

Represented by Capital Falcon

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/03/2025
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares03/08/2017
    KAPITAAL - AANDELEN
    PDF
  • Registered office18/12/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates08/05/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/03/2010
    ONTSLAGEN - BENOEMINGEN
    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 20251,5 M €↑
  2. 2024
    Annual accounts 2024-326,1 k €↓
  3. 2023
    Annual accounts 2023-10,5 k €↓
  4. 2022
    Annual accounts 2022620,8 k €↑
  5. 2021
    Annual accounts 2021487,7 k €↑
  6. 2020
    Annual accounts 2020309,1 k €↓
  7. 2019
    Annual accounts 2019549,9 k €↓
  8. 2018
    Annual accounts 2018565,7 k €↓
  9. 2017
    Annual accounts 2017667,5 k €↑
  10. 2016
    Annual accounts 2016587,6 k €↑
  11. 2015
    Annual accounts 2015549,2 k €↓
  12. 2014
    Annual accounts 2014664,7 k €↑
  13. 2013
    Annual accounts 2013259,6 k €↓
  14. 2012
    Annual accounts 2012753,3 k €↑
  15. 2011
    Annual accounts 2011478,3 k €↓
  16. 2010
    Annual accounts 2010489,6 k €
  17. 30/03/2009
    IncorporationPublic limited company