ACTIVE

Belgium Real Estate Lease Fund

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Financial year 2025 · Closed on 31/12/2025

Net result-1,9 k €-188,1 %over 1 year
Equity124,7 k €-1,5 %over 1 year

Identity

Source · BCE/KBO

Belgium Real Estate Lease Fund is a Public limited company incorporated in 2011. Its registered office is in Welkenraedt.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0835.005.692
Incorporation
31/03/2011
Legal form
Public limited company
Registered office
Rue du Vieux Chaffour 5
4841 Welkenraedt · WallonieSee on map
Contributed capital
318 000,00 €
Latest accounts
31/12/2025
Signals
Solid equity

Financials

Source · NBB, 14 filings

Trend over 13 financial years

20252024202320222021
Income statement
Gross margin–2,6 k €-7,1 k €-8,4 k €-13,9 k €
EBITDA-1,9 k €2,1 k €-7,1 k €-8,4 k €-14,2 k €
Operating result-1,9 k €2,1 k €-7,1 k €-8,4 k €-14,2 k €
Net result-1,9 k €2,1 k €-11,8 k €-12,9 k €-18 k €
Balance sheet
Equity124,7 k €126,6 k €124,5 k €136,2 k €149,1 k €
Total assets317,3 k €326,8 k €317,6 k €317,6 k €317,5 k €
Cash–––––
Debts192,6 k €200,2 k €193,1 k €181,4 k €168,5 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 12 ended

Active mandates

MARITZA GROUP Ltd

Director · since 17 janvier 2024

Represented by David Piron

Active
NIEDERMAN Rifka

Managing director · since 06 juin 2022 · until 05 juin 2028

Active
SCHREIBER David

Director · since 06 juin 2022 · until 05 juin 2028

Active
SCHREIBER Nathan

Director · since 06 juin 2022 · until 05 juin 2028

Active

Ended mandates

David Schreiber

Director · since 26 décembre 2016 · until 02 mai 2022

Ended
Nathan Schreiber

Director · since 26 décembre 2016 · until 02 mai 2022

Ended
Rifka Niederman

Managing director · since 26 décembre 2016 · until 02 mai 2022

Ended
Rifka NIEDERMAN

Managing director · since 26 décembre 2016

Ended

Other companies at this address

Rue du Vieux Chaffour 5 4841 Welkenraedt
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0477.912.664
COMPAGNIE IMMOBILIERE DU SUD● Active
0453.471.040
FINTRABEL● Active
0681.574.557
IMMOLOCA● Active
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POP SYSTEMS INTERNATIONAL● Active
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WALLONIA REAL ESTATE FUND 1● Active
0861.037.029

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro 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 date02/06/202622/07/202502/10/202422/09/202313/02/202319/01/2022
General meeting01/06/202607/07/202526/09/202404/09/202313/01/202215/12/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 14 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202602/06/2026FrenchPDF
Abridged model31/12/202407/07/202522/07/2025FrenchPDF
Micro model31/12/202326/09/202402/10/2024FrenchPDF
Micro model31/12/202204/09/202322/09/2023FrenchPDF
Micro model31/12/202113/01/202213/02/2023FrenchPDF
Micro model31/12/202015/12/202119/01/2022FrenchPDF
Micro model31/12/201903/06/202104/06/2021FrenchPDF
Micro model31/12/201803/06/201925/11/2019FrenchPDF
Micro model31/12/201720/02/201922/02/2019FrenchPDF
Abridged model31/12/201608/06/201821/06/2018FrenchPDF
Abridged model31/12/201506/06/201620/12/2016FrenchPDF
Abridged model31/12/201401/06/201526/08/2015FrenchPDF
Abridged model31/12/201302/06/201428/08/2014FrenchPDF
Abridged model31/12/201203/06/201328/08/2013FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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

4 active · 12 ended

Active mandates

MARITZA GROUP Ltd

Director · since 17 janvier 2024

Represented by David Piron

Active
NIEDERMAN Rifka

Managing director · since 06 juin 2022 · until 05 juin 2028

Active
SCHREIBER David

Director · since 06 juin 2022 · until 05 juin 2028

Active
SCHREIBER Nathan

Director · since 06 juin 2022 · until 05 juin 2028

Active

Ended mandates

David Schreiber

Director · since 26 décembre 2016 · until 02 mai 2022

Ended
Nathan Schreiber

Director · since 26 décembre 2016 · until 02 mai 2022

Ended
Rifka Niederman

Managing director · since 26 décembre 2016 · until 02 mai 2022

Ended
Rifka NIEDERMAN

Managing director · since 26 décembre 2016

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/04/2026
    DEMISSIONS, NOMINATIONS, STATUTS (TRADUCTION,
    PDF
  • Mandates10/04/2024
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office07/12/2018
    SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
    PDF
  • Mandates07/02/2017
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office02/01/2013
    SIEGE SOCIAL
    PDF
  • Mandates27/11/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/11/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/11/2012
    DEMISSIONS, NOMINATIONS
    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 2025-1,9 k €↓
  2. 2024
    Annual accounts 20242,1 k €↑
  3. 2024
    Name changeBelgian Real Estate lease fund
  4. 2023
    Annual accounts 2023-11,8 k €↑
  5. 2022
    Annual accounts 2022-12,9 k €↑
  6. 2021
    Annual accounts 2021-18 k €↓
  7. 2021
    Name changeBelgium Real estate Lease Fund
  8. 2020
    Annual accounts 2020-17,1 k €↑
  9. 2018
    Annual accounts 2018-27,5 k €↓
  10. 2017
    Annual accounts 2017-18 k €↓
  11. 2016
    Annual accounts 2016-15,1 k €↓
  12. 2015
    Annual accounts 2015-7,2 k €↑
  13. 2014
    Annual accounts 2014-22,1 k €↓
  14. 2013
    Annual accounts 2013-2 k €↑
  15. 2012
    Annual accounts 2012-18,7 k €
  16. 31/03/2011
    IncorporationPublic limited company