ACTIVE

223 CAPITAL

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Financial year 2025 · closed on 31/12/2025

Net result

102,3 k €

+12.4% YoY

Gross margin

367 k €

+12.4% YoY

Equity

1,4 M €

+8.2% YoY

What does 223 CAPITAL do?

223 CAPITAL is a Private limited company incorporated in 2009. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.710.342

Incorporation

23/06/2009

Legal form

Private limited company

Registered office

Avenue Louise 480
1050 Bruxelles · BruxellesSee on map

Contributed capital

889 550,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 41101Development of building projects 41102Development of building projects 68121Buying and selling of own real estate 68122Buying and selling of own real estate+4

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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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
Gross margin	367 k €	+12.4%	326,7 k €	+1.2%	322,8 k €	+24.8%	258,7 k €	-4.2%	270,2 k €	-10.9%	303,3 k €	-15.3%	357,9 k €	+5.2%	340,3 k €	-0.1%	340,8 k €	+3.2%	330,3 k €	+6.0%	311,6 k €	+0.3%	310,8 k €	+6.7%	291,3 k €	+25.6%	231,9 k €	+248%	66,7 k €	+4744%	1,4 k €
EBITDA	291,5 k €	+13.6%	256,7 k €	-0.1%	256,9 k €	+30.5%	196,8 k €	+8.0%	182,3 k €	-26.4%	247,8 k €	-18.6%	304,3 k €	+5.7%	287,8 k €	-0.5%	289,2 k €	+3.4%	279,6 k €	+5.7%	264,5 k €	-0.7%	266,3 k €	+9.5%	243,1 k €	+24.5%	195,2 k €	+1078%	16,6 k €	+120%	-81,2 k €
Operating result	186,4 k €	+23.0%	151,5 k €	-0.2%	151,8 k €	+65.5%	91,7 k €	+21.0%	75,8 k €	+36.5%	55,5 k €	-72.1%	199,2 k €	+9.1%	182,7 k €	-0.8%	184,1 k €	+5.5%	174,4 k €	+9.4%	159,4 k €	-1.1%	161,2 k €	+16.7%	138,1 k €	+51.6%	91,1 k €	+209%	-83,6 k €	+50.9%	-170,5 k €
Net result	102,3 k €	+12.4%	91 k €	+4.7%	87 k €	+104%	42,6 k €	+60.0%	26,6 k €	+148%	10,7 k €	-88.6%	94 k €	-16.6%	112,7 k €	+17.0%	96,3 k €	-19.1%	119,1 k €	+8.2%	110,1 k €	+25.8%	87,5 k €	+5.7%	82,9 k €	+2544%	-3,4 k €	+98.0%	-172,4 k €	+22.8%	-223,4 k €
Balance sheet
Equity	1,4 M €	+8.2%	1,3 M €	+7.8%	1,2 M €	+8.1%	1,1 M €	+4.1%	1 M €	+2.7%	1 M €	-15.9%	1,2 M €	+8.6%	1,1 M €	+11.4%	986,2 k €	+10.8%	889,9 k €	+15.4%	770,8 k €	+16.7%	660,8 k €	+506%	-162,8 k €	+57.2%	-380,7 k €	-0.9%	-377,3 k €	-84.2%	-204,8 k €
Total assets	2,6 M €	+1.1%	2,6 M €	+4.6%	2,5 M €	+0.7%	2,4 M €	-4.7%	2,6 M €	-8.7%	2,8 M €	-1.8%	2,9 M €	-36.8%	4,5 M €	-6.2%	4,8 M €	-5.8%	5,1 M €	-5.4%	5,4 M €	-5.7%	5,8 M €	-5.6%	6,1 M €	-5.2%	6,4 M €	+1.7%	6,3 M €	+92.2%	3,3 M €
Cash	538,7 k €	+30.4%	413,2 k €	+124%	184,4 k €	+70.5%	108,2 k €	-7.7%	117,2 k €	-48.4%	227 k €	+38.7%	163,7 k €	-15.3%	193,3 k €	+4.2%	185,4 k €	+77.7%	104,3 k €	-12.9%	119,7 k €	+421%	23 k €	-38.5%	37,3 k €	-82.0%	207,6 k €	+59733%	347 €	-92.1%	4,4 k €
Debts	1,2 M €	-6.8%	1,2 M €	-0.7%	1,2 M €	-5.0%	1,3 M €	-11.7%	1,5 M €	-13.2%	1,7 M €	+6.7%	1,6 M €	-52.4%	3,4 M €	-10.9%	3,8 M €	-9.4%	4,2 M €	-9.1%	4,6 M €	-8.8%	5 M €	-18.8%	6,2 M €	-8.6%	6,8 M €	+1.1%	6,7 M €	+91.8%	3,5 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

E-STATE

Director · since 31 décembre 2019 · 0466.809.530

Represented by Gaétan CLERMONT

Active

Ended mandates

E-STATE

Director · since 06 décembre 2019 · 0466.809.530

Represented by GAETAN CLERMONT

Ended

Anna Thérècia LANDELL

Manager · since 15 mars 2013

Ended

Anna-Thérècia LANDELL

Manager · since 15 mars 2013

Ended

LANCON

Manager · since 15 mars 2013 · 0444.235.551

Represented by Thérècia Landell

Ended

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Annual accounts

Full financial information

	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	17/07/2026	29/07/2025	31/07/2024	28/08/2023	29/07/2022	25/06/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/05/2026	17/07/2026	French	PDF
Abridged model	31/12/2024	28/05/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	29/05/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	31/05/2023	28/08/2023	French	PDF
Abridged model	31/12/2021	25/05/2022	29/07/2022	French	PDF
Abridged model	31/12/2020	26/05/2021	25/06/2021	French	PDF
Abridged model	31/12/2019	27/05/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	29/05/2019	19/06/2019	French	PDF
Abridged model	31/12/2017	30/05/2018	20/06/2018	French	PDF
Abridged model	31/12/2016	22/06/2017	26/06/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	24/07/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	14/07/2014	French	PDF
Abridged modelCorrection	31/12/2012	30/09/2013	02/10/2013	French	PDF
Abridged model	31/12/2012	29/05/2013	20/06/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	28/06/2012	French	PDF
Abridged model	31/12/2010	25/05/2011	27/06/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 7 ended

Active mandates

E-STATE

Director · since 31 décembre 2019 · 0466.809.530

Represented by Gaétan CLERMONT

Active

Ended mandates

E-STATE

Director · since 06 décembre 2019 · 0466.809.530

Represented by GAETAN CLERMONT

Ended

Anna Thérècia LANDELL

Manager · since 15 mars 2013

Ended

Anna-Thérècia LANDELL

Manager · since 15 mars 2013

Ended

LANCON

Manager · since 15 mars 2013 · 0444.235.551

Represented by Thérècia Landell

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office19/10/2022
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL
PDF
Mandates12/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Registered office07/07/2015
SIEGE SOCIAL
PDF
Capital / shares20/03/2015
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates26/04/2013
SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2010
DEMISSIONS, NOMINATIONS
PDF
Registered office16/02/2010
SIEGE SOCIAL
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 2025102,3 k €↑
2024
Annual accounts 202491 k €↑
2023
Annual accounts 202387 k €↑
2022
Annual accounts 202242,6 k €↑
2021
Annual accounts 202126,6 k €↑
2020
Annual accounts 202010,7 k €↓
2019
Annual accounts 201994 k €↓
2018
Annual accounts 2018112,7 k €↑
2017
Annual accounts 201796,3 k €↓
2016
Annual accounts 2016119,1 k €↑
2015
Annual accounts 2015110,1 k €↑
2014
Annual accounts 201487,5 k €↑
2013
Annual accounts 201382,9 k €↑
2012
Annual accounts 2012-3,4 k €↑
2011
Annual accounts 2011-172,4 k €↑
2010
Annual accounts 2010-223,4 k €
23/06/2009
IncorporationPrivate 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

223 CAPITAL

Overview

What does 223 CAPITAL 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