ACTIVE

IMMOROUTE

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Financial year 2025 · closed on 31/12/2025

Net result

217,9 k €

-11.8% YoY

Gross margin

2,4 M €

-2.7% YoY

Equity

1,4 M €

+1.3% YoY

Workforce

33,6 ETP

+10.5% YoY

What does IMMOROUTE do?

IMMOROUTE is a Public limited company incorporated in 2004. Its main activity is: Construction of buildings. Its registered office is in Thuin. It employs on average 33,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.329.953

Incorporation

20/09/2004

Legal form

Public limited company

Registered office

Rue de Sartiau(THN) 17
6530 Thuin · WallonieSee on map

Contributed capital

676 000,00 €

Latest accounts

31/12/2025

Average workforce

33,6 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 42110Construction of roads and motorways 42110Construction of roads and motorways 45211Maintenance and repair of motor vehicles 45230Maintenance and repair of motor vehicles

Joint committees (5)

124
1240
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,4 M €	-2.7%	2,5 M €	+61.6%	1,5 M €	-10.2%	1,7 M €	+15.6%	1,5 M €	-0.1%	1,5 M €	+123%	657,5 k €	+39.8%	470,1 k €		–		–		–		–		1,3 M €	+18.6%	1,1 M €	+31.9%	857,3 k €	+17.0%	732,5 k €	+24.0%	590,9 k €
EBITDA	492,2 k €	-46.7%	923,1 k €	+432%	173,6 k €	-1.5%	176,2 k €	+91.1%	92,2 k €	-85.8%	648,3 k €	+155%	254,7 k €	+69.3%	150,5 k €	-19.6%	187,1 k €	-31.7%	274,1 k €	-19.4%	340,2 k €	-17.9%	414,2 k €	+10.8%	373,9 k €	-26.6%	509,3 k €	-11.0%	572,3 k €	+24.5%	459,8 k €	+5.5%	435,7 k €
Operating result	221,1 k €	-16.0%	263,2 k €	+8811%	3 k €	+138%	-7,9 k €	-50.2%	-5,2 k €	-102%	306 k €	+123%	137,2 k €	+292%	35 k €	+23.7%	28,3 k €	-75.6%	116 k €	-34.5%	177,1 k €	+100%	88,4 k €	+46.7%	60,3 k €	-64.0%	167,3 k €	+8.8%	153,8 k €	+535%	24,2 k €	-75.7%	99,4 k €
Net result	217,9 k €	-11.8%	247 k €	+1520%	15,2 k €	+119%	7 k €	+84.3%	3,8 k €	-98.8%	308,5 k €	+90.8%	161,7 k €	+181%	57,5 k €	-13.1%	66,1 k €	-49.0%	129,5 k €	-15.2%	152,8 k €	+97.6%	77,3 k €	+11.1%	69,6 k €	-46.9%	130,9 k €	-15.4%	154,8 k €	+236%	46 k €	-62.5%	122,7 k €
Balance sheet
Equity	1,4 M €	+1.3%	1,4 M €	+3.4%	1,4 M €	+1.1%	1,4 M €	+0.5%	1,4 M €	+7.0%	1,3 M €	+9.7%	1,2 M €	+6.4%	1,1 M €	+5.2%	1 M €	-1.6%	1 M €	+108%	502,4 k €	-44.5%	905,5 k €	+5.6%	857,1 k €	+3.6%	827,7 k €	+7.3%	771 k €	+37.3%	561,6 k €	+12.2%	500,8 k €
Total assets	4,6 M €	+24.4%	3,7 M €	+18.0%	3,2 M €	-6.8%	3,4 M €	+14.7%	3 M €	-9.5%	3,3 M €	+35.4%	2,4 M €	-21.1%	3,1 M €	+11.8%	2,7 M €	-15.0%	3,2 M €	-5.0%	3,4 M €	-7.9%	3,7 M €	-0.4%	3,7 M €	+37.8%	2,7 M €	+28.8%	2,1 M €	-9.8%	2,3 M €	+62.0%	1,4 M €
Cash	24,2 k €	-90.7%	259,2 k €	+457%	46,5 k €	+518%	7,5 k €	-85.1%	50,4 k €	-4.7%	52,9 k €	-73.7%	201,5 k €	+111%	95,6 k €	+66.1%	57,5 k €	-11.7%	65,2 k €	-75.1%	261,4 k €	+513%	42,6 k €	+6689%	628,1 €	-98.1%	32,4 k €	-75.6%	133,1 k €	+407%	26,2 k €	-89.1%	241,6 k €
Debts	2,9 M €	+44.5%	2 M €	+35.6%	1,5 M €	-14.2%	1,7 M €	+33.8%	1,3 M €	-23.4%	1,7 M €	+81.9%	918 k €	-43.2%	1,6 M €	+20.6%	1,3 M €	-25.5%	1,8 M €	-28.4%	2,5 M €	+3.8%	2,4 M €	-3.8%	2,5 M €	+36.2%	1,8 M €	+41.6%	1,3 M €	-25.0%	1,7 M €	+88.9%	920,7 k €
Other
Workforce	33,6 ETP	+10.5%	30,4 ETP	+9.7%	27,7 ETP	-15.8%	32,9 ETP	+9.3%	30,1 ETP	+69.1%	17,8 ETP	+81.6%	9,8 ETP	+2.1%	9,6 ETP	-20.7%	12,1 ETP	-39.8%	20,1 ETP	-11.8%	22,8 ETP	0.0%	22,8 ETP	+47.1%	15,5 ETP	-15.8%	18,4 ETP	+107%	8,9 ETP	+23.6%	7,2 ETP	+94.6%	3,7 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 · 3 active · 12 ended

Active mandates

Benoît Carpentier

Managing director

Active

Jean Carpentier

Managing director

Active

Sandrine Carpentier

Director

Active

Ended mandates

Benoît Carpentier

Managing director · since 23 décembre 2024 · until 23 décembre 2030

Ended

Jean Carpentier

Managing director · since 08 juin 2016 · until 31 mars 2022

Ended

Sandrine Carpentier

Director · since 08 juin 2016 · until 31 mars 2022

Ended

Benoît Carpentier

Associate · since 28 janvier 2016

Ended

At this address

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SOCIETE MOMENTANEE TRAVEXPLOIT - TEGEC● Active	1041.009.740
TRAVAUX et EXPLOITATIONS● Active	0401.740.742

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged 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	07/07/2026	07/07/2025	10/07/2024	03/07/2023	27/06/2022	28/06/2021
General meeting	23/06/2026	30/06/2025	20/06/2024	30/06/2023	17/06/2022	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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	07/07/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	07/07/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	10/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	03/07/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	27/06/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	28/06/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	08/07/2020	French	PDF
Abridged model	31/12/2018	05/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	29/06/2018	French	PDF
Abridged model	31/12/2016	13/06/2017	28/06/2017	French	PDF
Full model	31/12/2015	08/06/2016	05/07/2016	French	PDF
Full model	31/12/2014	29/05/2015	30/06/2015	French	PDF
Full model	31/12/2013	27/06/2014	07/07/2014	French	PDF
Full model	31/12/2012	28/06/2013	08/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	06/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	05/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	16/07/2010	French	PDF
Abridged model	31/12/2008	13/05/2009	12/06/2009	French	PDF
Abridged model	31/12/2007	17/04/2008	05/06/2008	French	PDF
Abridged model	31/12/2006	19/04/2007	16/05/2007	French	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 · 3 active · 12 ended

Active mandates

Benoît Carpentier

Managing director

Active

Jean Carpentier

Managing director

Active

Sandrine Carpentier

Director

Active

Ended mandates

Benoît Carpentier

Managing director · since 23 décembre 2024 · until 23 décembre 2030

Ended

Jean Carpentier

Managing director · since 08 juin 2016 · until 31 mars 2022

Ended

Sandrine Carpentier

Director · since 08 juin 2016 · until 31 mars 2022

Ended

Benoît Carpentier

Associate · since 28 janvier 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/12/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates20/07/2023
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Mandates03/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office22/01/2015
SIEGE SOCIAL
PDF
Capital / shares05/05/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates29/09/2010
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

2025
Annual accounts 2025217,9 k €↓
2024
Annual accounts 2024247 k €↑
2023
Annual accounts 202315,2 k €↑
2022
Annual accounts 20227 k €↑
2021
Annual accounts 20213,8 k €↓
2018
Annual accounts 2018308,5 k €↑
2017
Annual accounts 2017161,7 k €↑
2016
Annual accounts 201657,5 k €↓
2015
Annual accounts 201566,1 k €↓
2014
Annual accounts 2014129,5 k €↓
2013
Annual accounts 2013152,8 k €↑
2012
Annual accounts 201277,3 k €↑
2011
Annual accounts 201169,6 k €↓
2010
Annual accounts 2010130,9 k €↓
2009
Annual accounts 2009154,8 k €↑
2008
Annual accounts 200846 k €↓
2007
Annual accounts 2007122,7 k €
20/09/2004
IncorporationPublic 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

IMMOROUTE

Overview

What does IMMOROUTE do?

Trend over 17 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