ACTIVE

BN 4

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
952,6 k €
+49.4% YoY
Gross margin
4,1 M €
+8.4% YoY
Equity
4 M €
+31.3% YoY

What does BN 4 do?

BN 4 is a Public limited company incorporated in 2003. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Namur.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0859.854.619
Incorporation
30/07/2003
Legal form
Public limited company
Registered office
Avenue d'Ecolys(RH) 2 box 4
5020 Namur · WallonieSee on map
Contributed capital
342 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate
Joint committees (1)
  • 323
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201420132012201120102009200820072006
Income statement
Gross margin4,1 M €3,8 M €3,9 M €3,2 M €3,8 M €2,3 M €2,2 M €1,8 M €1,7 M €1,9 M €1,2 M €1,6 M €1,3 M €769,8 k €745,2 k €555,3 k €360,8 k €102,3 k €19,1 k €
EBITDA3,6 M €3,5 M €3,5 M €3 M €3,4 M €2,2 M €2 M €1,7 M €1,5 M €1,9 M €1,1 M €1,5 M €1,2 M €723,2 k €702,5 k €507,2 k €340,8 k €88 k €18,1 k €
Operating result1,8 M €1,5 M €1,8 M €1,4 M €1 M €708,2 k €391,2 k €432,9 k €328,4 k €607,3 k €536,2 k €1 M €724,5 k €301,9 k €368,3 k €189,5 k €25,3 k €-203,6 k €-52,7 k €
Net result952,6 k €637,7 k €827 k €712,5 k €300,3 k €310,9 k €-95,9 k €-371,3 k €5,9 k €40,6 k €26,2 k €743,4 k €402,9 k €5,8 k €74,8 k €-142,2 k €-305,1 k €-419,5 k €-108 k €
Balance sheet
Equity4 M €3 M €2,4 M €1,6 M €865,1 k €564,8 k €253,9 k €349,8 k €721,1 k €407,1 k €366,4 k €340,3 k €-403,1 k €-1,1 M €-1,1 M €-1,2 M €-1 M €-719,3 k €-299,8 k €
Total assets22,3 M €23,2 M €22,6 M €23,5 M €23,2 M €24,8 M €24 M €19,3 M €15,7 M €10,9 M €8,1 M €7,5 M €7,9 M €7,3 M €6,3 M €6,5 M €6,3 M €6,3 M €1,9 M €
Cash96 k €111,7 k €130 k €111,3 k €111,7 k €151,4 k €99,6 k €5,8 k €7,3 k €62,2 k €11,9 k €41,7 k €4,5 k €48,8 k €274,1 k €315,6 k €37,2 k €10,4 k €4 k €
Debts18,1 M €20,1 M €20,1 M €21,7 M €22,2 M €24 M €23,4 M €18,7 M €14,6 M €10,2 M €7,7 M €7,2 M €8,3 M €8,4 M €7,3 M €7,7 M €7,2 M €7 M €2,2 M €
Other
Workforce––––––0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,3 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 25 ended

Active mandates

de Sauvage Benoît

Mandate

Active
de Sauvage Charles-Edmond

Mandate

Active
de Sauvage Paul

Mandate

Active

Ended mandates

Etablissements Auguste Defoux

Director · since 08 décembre 2015 · until 15 décembre 2022 · 0401.385.208

Represented by Paul de Sauvage Vercour

Ended
ISMANARA

Director · since 01 juillet 2015 · until 15 décembre 2022 · 0435.481.894

Represented by Paul de Sauvage

Ended
Paul de Sauvage

Managing director · since 01 juillet 2015 · until 15 décembre 2022

Ended
SACOFI

Managing director · since 01 juillet 2015 · until 15 décembre 2022 · 0471.614.790

Ended
At this address

Other companies at this address

CompanyCBE no.
A.A.S.V.● Active
0430.121.358
Actibel Hôtel● Active
0654.752.968
ACTIBEL IMMOBILIER● Active
0460.782.662
ACTIBEL MOBILITY● Active
0673.597.395
ACTIONAM● Active
0440.996.840
ACTION II● Active
0449.242.236
A-DJ SERVICES● Active
0862.601.006
Annet 4 Future● Active
0791.919.678
Antech Belgium● Active
0820.954.154
ANTIQUITES ACHAT - VENTE● Active
0463.017.622
AQUALE● Active
0477.877.428
AQUALYS MANAGEMENT● Active
1021.551.738
AVESTA Insurance● Active
0797.621.102
Aves TVA● Active
0804.855.718
A-Z ServiPro● Active
0462.702.668
BDG Ansotte● Active
1016.456.862
B.G.N INVEST● Active
0804.639.744
BIOWIN● Active
0882.768.591
CAVI● Active
0440.893.605
CCB & PARTNERS● Active
1016.343.927
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date31/08/202626/08/202530/08/202431/08/202305/08/202228/01/2021
General meeting30/06/202626/06/202529/06/202430/06/202312/05/202202/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202631/08/2026FrenchPDF
Abridged model31/12/202426/06/202526/08/2025FrenchPDF
Abridged model31/12/202329/06/202430/08/2024FrenchPDF
Abridged model31/12/202230/06/202331/08/2023FrenchPDF
Abridged model31/12/202112/05/202205/08/2022FrenchPDF
Abridged model30/06/202002/12/202028/01/2021FrenchPDF
Abridged model30/06/201904/12/201914/01/2020FrenchPDF
Abridged model30/06/201805/12/201812/01/2019FrenchPDF
Abridged model30/06/201706/12/201708/12/2017FrenchPDF
Abridged model30/06/201607/12/201623/12/2016FrenchPDF
Abridged model31/12/201403/06/201531/07/2015FrenchPDF
Abridged model31/12/201304/06/201411/08/2014FrenchPDF
Abridged model31/12/201205/06/201324/07/2013FrenchPDF
Abridged model31/12/201106/06/201228/06/2012FrenchPDF
Abridged model31/12/201001/06/201122/06/2011FrenchPDF
Abridged model31/12/200902/06/201013/07/2010FrenchPDF
Abridged model31/12/200803/06/200919/06/2009FrenchPDF
Abridged model31/12/200704/06/200817/06/2008FrenchPDF
Abridged model31/12/200606/06/200722/06/2007FrenchPDF
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.

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 · 3 active · 25 ended

Active mandates

de Sauvage Benoît

Mandate

Active
de Sauvage Charles-Edmond

Mandate

Active
de Sauvage Paul

Mandate

Active

Ended mandates

Etablissements Auguste Defoux

Director · since 08 décembre 2015 · until 15 décembre 2022 · 0401.385.208

Represented by Paul de Sauvage Vercour

Ended
ISMANARA

Director · since 01 juillet 2015 · until 15 décembre 2022 · 0435.481.894

Represented by Paul de Sauvage

Ended
Paul de Sauvage

Managing director · since 01 juillet 2015 · until 15 décembre 2022

Ended
SACOFI

Managing director · since 01 juillet 2015 · until 15 décembre 2022 · 0471.614.790

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/09/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/06/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Registered office21/09/2016
    SIEGE SOCIAL
    PDF
  • Mandates12/01/2016
    DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Capital / shares23/01/2013
    CAPITAL, ACTIONS
    PDF
  • Mandates15/02/2011
    DEMISSIONS, NOMINATIONS
    PDF
  • Other06/08/2003
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025952,6 k €↑
  2. 2024
    Annual accounts 2024637,7 k €↓
  3. 2024
    Name changeBN 4
  4. 2023
    Annual accounts 2023827 k €↑
  5. 2022
    Annual accounts 2022712,5 k €↑
  6. 2021
    Annual accounts 2021300,3 k €↓
  7. 2021
    Name changeBN4
  8. 2020
    Annual accounts 2020310,9 k €↑
  9. 2019
    Annual accounts 2019-95,9 k €↑
  10. 2018
    Annual accounts 2018-371,3 k €↓
  11. 2017
    Annual accounts 20175,9 k €↓
  12. 2016
    Annual accounts 201640,6 k €↑
  13. 2014
    Annual accounts 201426,2 k €↓
  14. 2013
    Annual accounts 2013743,4 k €↑
  15. 2012
    Annual accounts 2012402,9 k €↑
  16. 2011
    Annual accounts 20115,8 k €↓
  17. 2010
    Annual accounts 201074,8 k €↑
  18. 2009
    Annual accounts 2009-142,2 k €↑
  19. 2008
    Annual accounts 2008-305,1 k €↑
  20. 2007
    Annual accounts 2007-419,5 k €↓
  21. 2006
    Annual accounts 2006-108 k €
  22. 30/07/2003
    IncorporationPublic limited company