Whitewood Operations
0840.674.551 · rovalta.com · 23/09/2026
ACTIVE
Whitewood Operations
Financial year 2025 · closed on 31/12/2025
Net result
4,5 M €
+728.1% YoY
Gross margin
5,4 M €
+304.5% YoY
Equity
3,2 M €
+54.4% YoY
Workforce
9,2 ETP
+31.4% YoY
Overview
What does Whitewood Operations do?
Whitewood Operations is a Public limited company incorporated in 2011. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Bruxelles. It employs on average 9,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0840.674.551
Incorporation
27/10/2011
Legal form
Public limited company
Registered office
Rue Royale 47
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
9,2 ETP
Activities (NACE)
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 14 financial years
| 2025 | 2024 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||
| Gross margin | 5,4 M € | +304% | 1,3 M € | -17.2% | 1,6 M € | -30.6% | 2,3 M € | +2751% | -87,1 k € | -110% | 909 k € | +385% | 187,3 k € | -70.2% | 627,6 k € | -24.3% | 829 k € | +1.9% | 813,2 k € | – | – | – | – | ||||
| EBITDA | 4,5 M € | +398% | 906,3 k € | +3.2% | 877,8 k € | -41.0% | 1,5 M € | +340% | -618,6 k € | -288% | 329,1 k € | +415% | 63,8 k € | +115% | -421,9 k € | -216% | -133,7 k € | -1165% | 12,6 k € | -72.9% | 46,2 k € | +5688% | -827,6 € | +29.5% | -1,2 k € | +89.6% | -11,3 k € |
| Operating result | 5,2 M € | +492% | 874,8 k € | +2.8% | 851,3 k € | -42.0% | 1,5 M € | +1119% | 120,4 k € | -62.2% | 318 k € | +515% | 51,8 k € | +112% | -428,8 k € | -213% | -137,1 k € | -1269% | 11,7 k € | -74.6% | 46,2 k € | +5688% | -827,6 € | +29.5% | -1,2 k € | +90.7% | -12,6 k € |
| Net result | 4,5 M € | +728% | 542,8 k € | +9.3% | 496,6 k € | -52.2% | 1 M € | +1403% | 69,2 k € | -75.7% | 284,1 k € | +283% | 74,1 k € | +152% | -142 k € | +48.3% | -274,3 k € | -464% | 75,4 k € | -51.0% | 153,7 k € | +70866% | -217,2 € | +27.1% | -298,1 € | +97.5% | -12 k € |
| Balance sheet | |||||||||||||||||||||||||||
| Equity | 3,2 M € | +54.4% | 2,1 M € | +35.9% | 1,5 M € | +49.0% | 1 M € | +1258% | 74,6 k € | -44.9% | 135,5 k € | +210% | -123,6 k € | +10.2% | -137,7 k € | -3360% | 4,2 k € | -98.5% | 278,6 k € | +37.1% | 203,2 k € | +311% | 49,5 k € | -0.4% | 49,7 k € | -0.6% | 50 k € |
| Total assets | 11,7 M € | -7.3% | 12,6 M € | +20.6% | 10,5 M € | +35.6% | 7,7 M € | +82.2% | 4,2 M € | -25.7% | 5,7 M € | +3.3% | 5,5 M € | +11.4% | 5 M € | +39.0% | 3,6 M € | +13.0% | 3,2 M € | +98.8% | 1,6 M € | +1284% | 114,6 k € | +0.9% | 113,6 k € | +1.2% | 112,3 k € |
| Cash | 964,7 k € | +313% | 233,7 k € | -83.5% | 1,4 M € | +585% | 207 k € | +919% | 20,3 k € | -54.4% | 44,6 k € | -11.9% | 50,6 k € | -68.9% | 162,4 k € | -48.0% | 312,3 k € | +304% | 77,2 k € | +54439% | 141,6 € | -72.7% | 519,4 € | -26.5% | 707 € | +3528% | 19,5 € |
| Debts | 8,5 M € | -13.2% | 9,8 M € | +19.6% | 8,2 M € | +37.8% | 6 M € | +74.6% | 3,4 M € | -16.1% | 4,1 M € | -1.9% | 4,1 M € | +32.5% | 3,1 M € | +47.5% | 2,1 M € | +1.3% | 2,1 M € | +53.4% | 1,4 M € | +1995% | 65,1 k € | +2.6% | 63,5 k € | +2.6% | 61,9 k € |
| Other | |||||||||||||||||||||||||||
| Workforce | 9,2 ETP | +31.4% | 7,0 ETP | -17.6% | 8,5 ETP | -7.6% | 9,2 ETP | +10.8% | 8,3 ETP | -5.7% | 8,8 ETP | – | 6,3 ETP | +28.6% | 4,9 ETP | +81.5% | 2,7 ETP | – | – | – | – | ||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 16 ended
At this address
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/04/2024 | 01/04/2023 | 01/04/2022 | 01/04/2021 | 01/04/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/03/2024 | 31/03/2023 | 31/03/2022 | 31/03/2021 |
| Length of the financial year | 12 months | 9 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 12/08/2026 | 01/07/2025 | 28/10/2024 | 01/09/2023 | 17/10/2022 | 27/07/2022 |
| General meeting | 30/06/2026 | 27/06/2025 | 28/06/2024 | 30/06/2023 | 24/06/2022 | 25/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
15 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 30/06/2026 | 12/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 27/06/2025 | 01/07/2025 | Dutch | |
| Abridged model | 31/03/2024 | 28/06/2024 | 28/10/2024 | Dutch | |
| Abridged model | 31/03/2023 | 30/06/2023 | 01/09/2023 | Dutch | |
| Abridged model | 31/03/2022 | 24/06/2022 | 17/10/2022 | Dutch | |
| Abridged modelCorrection | 31/03/2021 | 25/06/2021 | 27/07/2022 | Dutch | |
| Abridged model | 31/03/2021 | 25/06/2021 | 24/08/2021 | Dutch | |
| Abridged model | 31/03/2020 | 26/06/2020 | 01/10/2020 | Dutch | |
| Abridged model | 31/03/2019 | 28/06/2019 | 31/10/2019 | Dutch | |
| Abridged model | 31/03/2018 | 29/06/2018 | 30/09/2018 | Dutch | |
| Abridged model | 31/03/2017 | 30/06/2017 | 07/11/2017 | Dutch | |
| Full model | 31/03/2016 | 24/06/2016 | 28/09/2016 | Dutch | |
| Full model | 31/03/2015 | 26/06/2015 | 25/09/2015 | Dutch | |
| Full model | 31/03/2014 | 27/06/2014 | 29/09/2014 | Dutch | |
| Full model | 31/03/2013 | 28/06/2013 | 23/07/2013 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 16 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other27/02/2026STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
- Other23/05/2024DIVERSEN - BOEKJAAR
- Mandates18/01/2024BENAMING - DIVERSEN - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
- Registered office15/06/2022MAATSCHAPPELIJKE ZETEL
- Registered office31/12/2018MAATSCHAPPELIJKE ZETEL
- Mandates03/02/2017ONTSLAGEN - BENOEMINGEN
- Other14/06/2016DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates22/09/2015BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20254,5 M €↑
- 2025Name changeWhitewood Operations
- 2024Annual accounts 2024542,8 k €↑
- 2024Annual accounts 2024496,6 k €↓
- 2023Annual accounts 20231 M €↑
- 2022Annual accounts 202269,2 k €↓
- 2021Annual accounts 2021284,1 k €↑
- 2020Annual accounts 202074,1 k €↑
- 2019Annual accounts 2019-142 k €↑
- 2018Annual accounts 2018-274,3 k €↓
- 2017Annual accounts 201775,4 k €↓
- 2016Annual accounts 2016153,7 k €↑
- 2015Annual accounts 2015-217,2 €↑
- 2015Name changeWhitewood Capital
- 2014Annual accounts 2014-298,1 €↑
- 2013Annual accounts 2013-12 k €
- 2013Name changeWhitewood Capital Real Estate Investment Management (REIM)
- 27/10/2011IncorporationPublic limited company