ACTIVE

FLORENS

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Financial year 2025 · closed on 31/12/2025

Net result

103,4 k €

+69.9% YoY

Gross margin

244,7 k €

+106.3% YoY

Equity

1,2 M €

-13.3% YoY

What does FLORENS do?

FLORENS is a Private limited company incorporated in 2004. Its main activity is: Management of real estate on a fee or contract basis. Its registered office is in Waasmunster.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.288.696

Incorporation

13/05/2004

Legal form

Private limited company

Registered office

Grote Baan 276 box 1
9250 Waasmunster · FlandreSee on map

Contributed capital

236 220,00 €

Latest accounts

31/12/2025

Activities (NACE)

68321Management of real estate on a fee or contract basis· main 68321Management of real estate on a fee or contract basis 74203Photographic activities 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	244,7 k €	+106%	118,6 k €	-79.7%	584,3 k €	+151%	232,8 k €	+39.3%	167,2 k €	+28.8%	129,8 k €	-13.6%	150,2 k €	+7.7%	139,5 k €	+12.5%	124 k €	-56.8%	286,8 k €	-19.1%	354,6 k €	-5.0%	373,3 k €	+12.6%	331,5 k €	+56.0%	212,5 k €	+95.4%	108,7 k €	+5.2%	103,4 k €	-19.1%	127,8 k €	-12.5%	146,1 k €	+55.5%	93,9 k €
EBITDA	224,2 k €	+98.5%	113 k €	-80.1%	567 k €	+161%	217,3 k €	+45.7%	149,2 k €	+24.7%	119,6 k €	-13.1%	137,7 k €	-1.3%	139,5 k €	+105%	67,9 k €	-70.7%	231,8 k €	-10.7%	259,6 k €	-20.8%	327,8 k €	+19.5%	274,3 k €	+43.3%	191,4 k €	+115%	89,2 k €	-2.5%	91,5 k €	-26.1%	123,7 k €	-14.3%	144,4 k €	+56.7%	92,1 k €
Operating result	165 k €	+261%	45,7 k €	-90.8%	498,9 k €	+238%	147,7 k €	+51.5%	97,5 k €	+83.1%	53,3 k €	-35.0%	81,9 k €	-2.8%	84,2 k €	+549%	13 k €	-91.4%	150,7 k €	-19.3%	186,6 k €	-9.4%	205,9 k €	-11.6%	232,9 k €	+54.9%	150,4 k €	+173%	55 k €	-24.1%	72,6 k €	-34.1%	110,1 k €	-16.2%	131,5 k €	+59.6%	82,4 k €
Net result	103,4 k €	+69.9%	60,8 k €	-81.6%	330 k €	+345%	74,1 k €	+16.8%	63,4 k €	+238%	18,7 k €	-53.7%	40,5 k €	+319%	9,7 k €	+116%	-62,3 k €	-110%	-29,7 k €	-124%	121,7 k €	-42.1%	210,1 k €	-5.4%	222,1 k €	+98.4%	111,9 k €	+96.8%	56,9 k €	+19.6%	47,6 k €	-38.1%	76,8 k €	-10.4%	85,7 k €	+52.5%	56,2 k €
Balance sheet
Equity	1,2 M €	-13.3%	1,4 M €	+2.4%	1,3 M €	+32.7%	1 M €	+7.9%	933,8 k €	+12.9%	826,8 k €	+2.3%	808,1 k €	+5.3%	767,6 k €	+1.3%	757,9 k €	-7.6%	820,2 k €	-3.5%	849,9 k €	+16.7%	728,2 k €	+33.7%	544,8 k €	+50.2%	362,7 k €	+39.1%	260,7 k €	+27.9%	203,8 k €	+35.8%	150,1 k €	+94.2%	77,3 k €	+86.0%	41,5 k €
Total assets	1,4 M €	-9.2%	1,5 M €	-12.0%	1,7 M €	+5.9%	1,6 M €	-3.1%	1,7 M €	-9.0%	1,8 M €	+3.1%	1,8 M €	+2.9%	1,7 M €	-3.2%	1,8 M €	-5.5%	1,9 M €	-1.9%	1,9 M €	-1.3%	2 M €	+35.0%	1,5 M €	+21.0%	1,2 M €	+31.7%	911,4 k €	+149%	365,3 k €	-10.5%	408,2 k €	+101%	203 k €	+76.4%	115,1 k €
Cash	24 k €	+81.4%	13,2 k €	-26.4%	17,9 k €	+1365%	1,2 k €	-84.9%	8,1 k €	-49.4%	16,1 k €	-68.7%	51,3 k €	+565%	7,7 k €	-36.3%	12,1 k €	-49.0%	23,7 k €	+33.5%	17,8 k €	-80.1%	89,3 k €	+188%	31 k €	+329%	7,2 k €	-74.1%	27,9 k €	+1434%	1,8 k €	-84.7%	11,9 k €	-43.0%	20,9 k €	-35.5%	32,3 k €
Debts	183,2 k €	+27.3%	143,9 k €	-62.4%	382,5 k €	-38.0%	616,8 k €	-16.9%	742,2 k €	-25.8%	1 M €	+3.1%	970,7 k €	+1.0%	960,8 k €	-7.1%	1 M €	-4.1%	1,1 M €	-0.7%	1,1 M €	-11.9%	1,2 M €	+35.9%	907,3 k €	+8.3%	837,9 k €	+28.8%	650,7 k €	+303%	161,5 k €	-36.5%	254,2 k €	+103%	125 k €	+70.2%	73,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		4,0 ETP	+37.9%	2,9 ETP	+93.3%	1,5 ETP	-16.7%	1,8 ETP	+80.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Alex Bertram

Director

Active

Martine Verhaeghe

Director

Active

Ended mandates

Martine Verhaeghe

Director · since 01 janvier 2009

Ended

Martine Verhaeghe

Manager · since 01 janvier 2009

Ended

Alex Bertram

Director · since 06 mai 2004

Ended

Alex Bertram

Manager · since 06 mai 2004

Ended

At this address

Other companies at this address

Company	CBE no.
Bertram Ingenieursbureau● Active	0634.880.638

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/08/2026	31/08/2025	03/12/2024	29/12/2023	31/10/2022	23/08/2021
General meeting	30/06/2026	10/06/2025	10/06/2024	12/06/2023	13/06/2022	14/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	19/08/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	03/12/2024	Dutch	PDF
Abridged model	31/12/2022	12/06/2023	29/12/2023	Dutch	PDF
Abridged model	31/12/2021	13/06/2022	31/10/2022	Dutch	PDF
Abridged model	31/12/2020	14/06/2021	23/08/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	10/06/2019	10/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/08/2018	24/09/2018	Dutch	PDF
Abridged model	31/12/2016	25/08/2017	25/08/2017	Dutch	PDF
Abridged model	31/12/2015	12/08/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	17/09/2014	26/09/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	11/06/2012	09/07/2012	Dutch	PDF
Abridged model	31/12/2010	13/06/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/06/2008	11/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/06/2007	12/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 active · 8 ended

Active mandates

Alex Bertram

Director

Active

Martine Verhaeghe

Director

Active

Ended mandates

Martine Verhaeghe

Director · since 01 janvier 2009

Ended

Martine Verhaeghe

Manager · since 01 janvier 2009

Ended

Alex Bertram

Director · since 06 mai 2004

Ended

Alex Bertram

Manager · since 06 mai 2004

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/11/2021
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other18/08/2015
BENAMING - DOEL
PDF
Registered office19/02/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares07/01/2014
KAPITAAL - AANDELEN
PDF
Mandates25/02/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/04/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other27/05/2004
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2025
Annual accounts 2025103,4 k €↑
2024
Annual accounts 202460,8 k €↓
2023
Annual accounts 2023330 k €↑
2022
Annual accounts 202274,1 k €↑
2021
Annual accounts 202163,4 k €↑
2019
Annual accounts 201918,7 k €↓
2018
Annual accounts 201840,5 k €↑
2017
Annual accounts 20179,7 k €↑
2016
Annual accounts 2016-62,3 k €↓
2015
Annual accounts 2015-29,7 k €↓
2014
Annual accounts 2014121,7 k €↓
2013
Annual accounts 2013210,1 k €↓
2012
Annual accounts 2012222,1 k €↑
2011
Annual accounts 2011111,9 k €↑
2010
Annual accounts 201056,9 k €↑
2009
Annual accounts 200947,6 k €↓
2008
Annual accounts 200876,8 k €↓
2007
Annual accounts 200785,7 k €↑
2006
Annual accounts 200656,2 k €
13/05/2004
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

FLORENS

Overview

What does FLORENS do?

Trend over 19 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