ACTIVE

FAIR ESTATE

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Financial year 2025 · closed on 31/12/2025
Net result
-480,2 k €
-28.1% YoY
Gross margin
-381,7 k €
-20.7% YoY
Equity
3,4 M €
-12.6% YoY
Workforce
1,0 ETP
-9.1% YoY

What does FAIR ESTATE do?

FAIR ESTATE is a Public limited company incorporated in 2012. Its main activity is: Development of building projects. Its registered office is in Ixelles. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0845.412.210
Incorporation
20/04/2012
Legal form
Public limited company
Registered office
Avenue Louise 251
1050 Ixelles · BruxellesSee on map
Contributed capital
4 500 000,00 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate68204Rental and operating of own or leased real estate68204Rental and operating of own or leased real estate68100Buying and selling of own real estate68110Buying and selling of own real estate+8
Signals
Solid equityLow riskGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin-381,7 k €-316,2 k €-128,9 k €-136,9 k €-83,7 k €-267,9 k €-18,2 k €89,2 k €196,7 k €153,9 k €358,8 k €-105,8 k €309,9 k €
EBITDA-484,7 k €-412,1 k €-180,6 k €-141,1 k €-104,9 k €-282,8 k €-15,2 k €85,5 k €92 k €-52 k €291,2 k €-177,3 k €266,5 k €
Operating result-506,6 k €-435,3 k €-196,4 k €-153,5 k €-116 k €-289,9 k €-23 k €78,5 k €90,6 k €-59,1 k €288,6 k €-179 k €246,9 k €
Net result-480,2 k €-374,8 k €-139,3 k €-84,7 k €-31,2 k €-91,6 k €-37,5 k €84,7 k €76,9 k €-80,7 k €193,8 k €-244 k €110,7 k €
Balance sheet
Equity3,4 M €3,9 M €4,3 M €4,4 M €4,5 M €74,4 k €166 k €203,5 k €118,8 k €41,9 k €122,6 k €-71,2 k €172,7 k €
Total assets7,1 M €5,3 M €5,3 M €4,8 M €5,5 M €2,5 M €203,3 k €474,8 k €355,5 k €933,4 k €1,8 M €1,6 M €1,7 M €
Cash141,6 k €32,5 k €545,5 k €1,1 M €1,3 M €209,9 k €36,8 k €25,9 k €14,5 k €68,4 k €286,3 k €336 k €203,3 k €
Debts3,7 M €1,4 M €997 k €424,6 k €992,1 k €2,5 M €16,4 k €246,8 k €212,1 k €813,5 k €1,6 M €1,7 M €1,5 M €
Other
Workforce1,0 ETP1,1 ETP1,0 ETP–––––0,8 ETP1,0 ETP1,0 ETP1,5 ETP0,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 19 ended

Active mandates

Agnès CALLEWAERT

Administratrice · until 01 janvier 2026

Active
DELDEV

Managing director · until 14 avril 2031 · 0733.586.353

Represented by Sébastien DELENS

Active
Delto

Managing director · until 14 avril 2031 · 0734.476.575

Represented by Thomas DELENS

Active
Edouard HERINCKX

Director · until 31 décembre 2028

Active
Jean-Jacques DELENS

Director · until 14 avril 2031

Active
Olivier DELENS

Director · until 01 janvier 2026

Active
ZOU2

Director · until 31 décembre 2028 · 0502.250.459

Represented by Sophie LAMBRIGHS

Active

Ended mandates

Agnès CALLEWAERT

Director · since 16 avril 2012 · until 15 octobre 2018

Ended
Agnès CALLEWAERT

Director · since 16 avril 2012 · until 10 octobre 2023

Ended
Anne CORTIER

Director · since 12 avril 2012 · until 15 octobre 2018

Ended
Benoit VELGE

Managing director · since 12 avril 2012 · until 15 octobre 2018

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/07/2019
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 months18 months
Filing date29/04/202607/05/202515/05/202426/04/202311/05/202227/04/2021
General meeting21/04/202614/04/202515/04/202411/04/202312/04/202213/04/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202521/04/202629/04/2026FrenchPDF
Abridged model31/12/202414/04/202507/05/2025FrenchPDF
Abridged model31/12/202315/04/202415/05/2024FrenchPDF
Abridged model31/12/202211/04/202326/04/2023FrenchPDF
Abridged model31/12/202112/04/202211/05/2022FrenchPDF
Abridged model31/12/202013/04/202127/04/2021FrenchPDF
Abridged model30/06/201908/10/201912/11/2019FrenchPDF
Abridged model30/06/201809/10/201809/11/2018FrenchPDF
Abridged model30/06/201710/10/201719/10/2017FrenchPDF
Abridged model30/06/201615/12/201621/12/2016FrenchPDF
Abridged model30/06/201530/11/201528/12/2015FrenchPDF
Abridged model30/06/201409/10/201414/11/2014FrenchPDF
Abridged model30/06/201308/10/201328/11/2013FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 7 active · 19 ended

Active mandates

Agnès CALLEWAERT

Administratrice · until 01 janvier 2026

Active
DELDEV

Managing director · until 14 avril 2031 · 0733.586.353

Represented by Sébastien DELENS

Active
Delto

Managing director · until 14 avril 2031 · 0734.476.575

Represented by Thomas DELENS

Active
Edouard HERINCKX

Director · until 31 décembre 2028

Active
Jean-Jacques DELENS

Director · until 14 avril 2031

Active
Olivier DELENS

Director · until 01 janvier 2026

Active
ZOU2

Director · until 31 décembre 2028 · 0502.250.459

Represented by Sophie LAMBRIGHS

Active

Ended mandates

Agnès CALLEWAERT

Director · since 16 avril 2012 · until 15 octobre 2018

Ended
Agnès CALLEWAERT

Director · since 16 avril 2012 · until 10 octobre 2023

Ended
Anne CORTIER

Director · since 12 avril 2012 · until 15 octobre 2018

Ended
Benoit VELGE

Managing director · since 12 avril 2012 · until 15 octobre 2018

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/03/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Other18/02/2026
    DIVERS
    PDF
  • Mandates02/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring31/08/2023
    DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring30/06/2023
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Capital / shares21/12/2021
    CAPITAL, ACTIONS
    PDF
  • Mandates06/09/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office17/04/2020
    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

Timeline

  1. 2025
    Annual accounts 2025-480,2 k €↓
  2. 2024
    Annual accounts 2024-374,8 k €↓
  3. 2023
    Annual accounts 2023-139,3 k €↓
  4. 2022
    Annual accounts 2022-84,7 k €↓
  5. 2021
    Annual accounts 2021-31,2 k €↑
  6. 2020
    Annual accounts 2020-91,6 k €↓
  7. 2019
    Annual accounts 2019-37,5 k €↓
  8. 2018
    Annual accounts 201884,7 k €↑
  9. 2017
    Annual accounts 201776,9 k €↑
  10. 2016
    Annual accounts 2016-80,7 k €↓
  11. 2015
    Annual accounts 2015193,8 k €↑
  12. 2014
    Annual accounts 2014-244 k €↓
  13. 2013
    Annual accounts 2013110,7 k €
  14. 20/04/2012
    IncorporationPublic limited company