ACTIVE

REF EP Belgium 1

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Financial year 2026 · closed on 31/03/2026

Net result

-320,6 k €

-648.2% YoY

Gross margin

1 M €

-24.3% YoY

Equity

2,9 M €

-10.0% YoY

What does REF EP Belgium 1 do?

REF EP Belgium 1 is a Private limited company incorporated in 2012. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0847.408.232

Incorporation

09/07/2012

Legal form

Private limited company

Registered office

Rue Royale 52
1000 Bruxelles · BruxellesSee on map

Contributed capital

3 500 000,00 €

Latest accounts

31/03/2026

Signals

Low riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2026		2025		2024		2023		2022		2021		2019		2014		2013
Income statement
Gross margin	1 M €	-24.3%	1,3 M €	+14.9%	1,2 M €	+4.3%	1,1 M €	-1.4%	1,1 M €	+2.6%	1,1 M €	-17.5%	1,3 M €	+2032%	-68,4 k €	-114%	503,1 k €
EBITDA	496,3 k €	-43.0%	871,2 k €	+29.1%	674,7 k €	-0.6%	678,4 k €	-9.6%	750,4 k €	+3.7%	723,6 k €	-14.1%	842,6 k €	+327%	-371 k €	-310%	176,4 k €
Operating result	-86,7 k €	-130%	286,4 k €	+218%	90,2 k €	-26.5%	122,7 k €	-38.5%	199,6 k €	+6.4%	187,7 k €	+17.9%	159,1 k €	+120%	-781,4 k €	-137%	-329 k €
Net result	-320,6 k €	-648%	58,5 k €	+140%	-144,8 k €	-19.7%	-121 k €	-198%	-40,6 k €	+21.2%	-51,6 k €	+67.7%	-159,9 k €	+81.9%	-885,2 k €	-89.9%	-466,2 k €
Balance sheet
Equity	2,9 M €	-10.0%	3,2 M €	+1.9%	3,1 M €	-4.4%	3,3 M €	-3.6%	3,4 M €	-29.9%	4,9 M €	-1.0%	4,9 M €	-30.2%	7 M €	-11.2%	7,9 M €
Total assets	10,8 M €	-3.5%	11,2 M €	+1.2%	11,1 M €	-1.1%	11,2 M €	-11.4%	12,7 M €	-0.2%	12,7 M €	-3.0%	13,1 M €	+2.8%	12,7 M €	-2.6%	13,1 M €
Cash	68,2 k €	-69.8%	225,6 k €	-1.7%	229,6 k €	-23.3%	299,4 k €	+31.3%	228 k €	-50.7%	462,4 k €	+21.1%	381,7 k €		–		1,8 k €
Debts	7,6 M €	-1.6%	7,7 M €	+1.0%	7,6 M €	+0.5%	7,6 M €	-15.0%	8,9 M €	+18.6%	7,5 M €	-5.3%	7,9 M €	+42.6%	5,6 M €	+8.1%	5,2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 8 active · 11 ended

Active mandates

Michael MARFURT

Director · since 03 novembre 2025

Active

Pierluigi POLITANO

Director · since 03 novembre 2025

Active

Frank EISENHUT

Director · since 01 février 2022

Active

Pascal VANHORENBEEK

Director · since 01 février 2022

Active

Adrian BAMERT

Director · since 01 septembre 2021 · until 31 octobre 2025

Active

Marcel Urs BALMER

Director · since 04 mai 2018

Active

Mario Hugo HOLENSTEIN

Director · since 04 mai 2018 · until 31 octobre 2025

Active

Werner Johan DIEDERICKS

Director · since 04 mai 2018

Active

Ended mandates

Adrian BAMERT

Director · since 01 septembre 2021

Ended

BNP PARIBAS REAL ESTATE PROPERTY MANAGEMENT BELGIUM SA

Manager · since 28 août 2019 · 0437.243.039

Represented by Matthieu BRAVO

Ended

Dagmar Silvia MARONI

Manager · since 04 mai 2018

Ended

Marcel Urs BALMER

Manager · since 04 mai 2018

Ended

At this address

Other companies at this address

Company	CBE no.
ALTERIMMO BELGIUM● Active	0656.859.749
BIO-VERSNELLER● Active	0807.734.044
BNP PARIBAS REAL ESTATE BELGIUM● Active	0479.098.539
Celsius Holding Belgium● Active	0861.516.089
CELSIUS WAASLAND● Active	0478.701.631
CITY OFFICE● Active	0747.926.220
Cortenbergh 107● Active	0700.385.629
ECF BRUSSELS OFFICE LEASEHOLD● Active	0828.586.173
ECF Oxygen● Active	0849.521.446
EULER HERMES SOUTH EXPRESS● Active	0899.287.295
EUROPEAN SELECTIV IMMO BE● Active	0656.859.551
FEI Anvers● Active	0667.698.015
Foncière du Berlaymont● Active	0833.012.640
Forest 1● Active	0759.795.753
Forest 2● Active	0759.802.483
Forest 3● Active	0759.802.384
GAUCHERET● Active	0876.146.758
IMMOBILIERE DE LA LAINE● Active	0829.987.329
Immo Pan 2● Active	0759.667.970
IPE Froissart● Active	0760.305.695

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/06/2026	10/07/2025	20/08/2024	26/06/2023	27/04/2023	02/06/2021
General meeting	14/05/2026	12/05/2025	14/05/2024	22/05/2023	20/05/2022	20/05/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2026	14/05/2026	04/06/2026	French	PDF
Abridged model	31/03/2025	12/05/2025	10/07/2025	French	PDF
Abridged model	31/03/2024	14/05/2024	20/08/2024	French	PDF
Abridged model	31/03/2023	22/05/2023	26/06/2023	French	PDF
Abridged modelCorrection	31/03/2022	20/05/2022	27/04/2023	French	PDF
Abridged model	31/03/2022	20/05/2022	13/06/2022	French	PDF
Abridged model	31/03/2021	20/05/2021	02/06/2021	French	PDF
Abridged model	31/03/2019	23/05/2019	24/06/2019	French	PDF
Abridged model	31/12/2014	26/06/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	12/08/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/03/2026 · 8 active · 11 ended

Active mandates

Michael MARFURT

Director · since 03 novembre 2025

Active

Pierluigi POLITANO

Director · since 03 novembre 2025

Active

Frank EISENHUT

Director · since 01 février 2022

Active

Pascal VANHORENBEEK

Director · since 01 février 2022

Active

Adrian BAMERT

Director · since 01 septembre 2021 · until 31 octobre 2025

Active

Marcel Urs BALMER

Director · since 04 mai 2018

Active

Mario Hugo HOLENSTEIN

Director · since 04 mai 2018 · until 31 octobre 2025

Active

Werner Johan DIEDERICKS

Director · since 04 mai 2018

Active

Ended mandates

Adrian BAMERT

Director · since 01 septembre 2021

Ended

BNP PARIBAS REAL ESTATE PROPERTY MANAGEMENT BELGIUM SA

Manager · since 28 août 2019 · 0437.243.039

Represented by Matthieu BRAVO

Ended

Dagmar Silvia MARONI

Manager · since 04 mai 2018

Ended

Marcel Urs BALMER

Manager · since 04 mai 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/08/2026
Transfert du siège sociale - Changement du représentant permanent du
PDF
Mandates14/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2025
DEMISSIONS, NOMINATIONS
PDF
Other18/03/2022
DIVERS
PDF
Mandates07/03/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates27/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2020
DEMISSIONS, NOMINATIONS
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

2026
Annual accounts 2026-320,6 k €↓
2025
Annual accounts 202558,5 k €↑
2025
Name changeREF EP BE 1
2024
Annual accounts 2024-144,8 k €↓
2023
Annual accounts 2023-121 k €↓
2022
Annual accounts 2022-40,6 k €↑
2022
Name changeREF EP BELGIUM 1
2021
Annual accounts 2021-51,6 k €↑
2019
Annual accounts 2019-159,9 k €↑
2014
Annual accounts 2014-885,2 k €↓
2013
Annual accounts 2013-466,2 k €
09/07/2012
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

REF EP Belgium 1

Overview

What does REF EP Belgium 1 do?

Trend over 9 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