ACTIVE

Immo Square

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Financial year 2025 · closed on 31/12/2025

Net result

46,4 k €

+202.8% YoY

Gross margin

174,5 k €

+93.1% YoY

Equity

77,5 k €

-14.9% YoY

What does Immo Square do?

Immo Square 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 Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0869.904.413

Incorporation

09/11/2004

Legal form

Private limited company

Registered office

Koninginnelaan 72
8400 Oostende · FlandreSee on map

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 68310Real estate agencies 68311Real estate agencies 70321Activities of head offices; management consultancy activities

Joint committees (3)

323
3230
32300

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	174,5 k €	+93.1%	90,3 k €	-34.6%	138,1 k €	+22.1%	113,1 k €	+10.3%	102,6 k €	+3.8%	98,9 k €	+9.8%	90 k €	-0.7%	90,7 k €	+28.2%	70,7 k €	-10.9%	79,4 k €	+137%	33,5 k €	+29.2%	25,9 k €	-37.0%	41,1 k €	-31.0%	59,6 k €	+72.1%	34,6 k €	-8.4%	37,8 k €	-17.0%	45,5 k €	+55.8%	29,2 k €	+182%	10,3 k €	+166%	-15,6 k €
EBITDA	70,3 k €	+135%	30 k €	-39.9%	49,9 k €	+11.9%	44,6 k €	+12.8%	39,5 k €	+1.4%	38,9 k €	+5.3%	37 k €	+143%	-85,6 k €	-12461%	692,4 €	-56.6%	1,6 k €	+104%	-36,2 k €	-1086%	3,7 k €	-90.4%	38,1 k €	-32.8%	56,7 k €	+77.9%	31,8 k €	-1.8%	32,4 k €	-25.1%	43,3 k €	+59.5%	27,2 k €	+210%	8,8 k €	+152%	-17 k €
Operating result	64,5 k €	+165%	24,4 k €	-44.9%	44,2 k €	+13.6%	38,9 k €	+15.9%	33,6 k €	+62.0%	20,7 k €	+4.6%	19,8 k €	+120%	-97,5 k €	-723%	-11,8 k €	-4.0%	-11,4 k €	+73.7%	-43,3 k €	-295%	-11 k €	-155%	19,8 k €	-44.5%	35,7 k €	+224%	11 k €	-9.8%	12,2 k €	-60.1%	30,6 k €	+43.5%	21,3 k €	+1098%	1,8 k €	+107%	-25,3 k €
Net result	46,4 k €	+203%	15,3 k €	-48.5%	29,7 k €	+9.7%	27,1 k €	+2.9%	26,3 k €	+78.4%	14,8 k €	-12.0%	16,8 k €	+117%	-99,9 k €	-1213%	9 k €	-93.4%	135,2 k €	+397%	-45,6 k €	-239%	-13,4 k €	-210%	12,2 k €	-46.2%	22,6 k €	+258%	6,3 k €	-25.0%	8,4 k €	-71.4%	29,4 k €	+40.0%	21 k €	+1333%	1,5 k €	+104%	-39,9 k €
Balance sheet
Equity	77,5 k €	-14.9%	91,1 k €	+6.0%	86 k €	+42.8%	60,2 k €	+39.7%	43,1 k €	-47.3%	81,7 k €	+10.3%	74,1 k €	+29.3%	57,3 k €	-63.5%	157,2 k €	+6.1%	148,2 k €	+1038%	13 k €	-77.8%	58,6 k €	-18.7%	72 k €	+20.3%	59,9 k €	+60.7%	37,3 k €	+20.4%	30,9 k €	+37.4%	22,5 k €	+425%	-6,9 k €	+75.2%	-27,9 k €	+5.0%	-29,4 k €
Total assets	158,7 k €	+23.8%	128,2 k €	-5.4%	135,6 k €	+25.1%	108,4 k €	+32.2%	82 k €	-33.8%	123,7 k €	-0.4%	124,2 k €	-0.7%	125 k €	-46.9%	235,6 k €	-3.5%	244,1 k €	+19.8%	203,8 k €	+55.9%	130,7 k €	-9.2%	144 k €	+0.8%	142,9 k €	+15.0%	124,2 k €	+0.9%	123,1 k €	+18.6%	103,8 k €	+383%	21,5 k €	+193%	7,3 k €	-76.9%	31,7 k €
Cash	17,9 k €	+118%	8,2 k €	-53.0%	17,5 k €	-45.3%	31,9 k €	+5.1%	30,3 k €	+108%	14,6 k €	+95.1%	7,5 k €	+63.3%	4,6 k €	+181%	1,6 k €	-64.2%	4,5 k €	-54.7%	10 k €	-83.2%	59,6 k €	+22.3%	48,7 k €	+19.8%	40,6 k €	+134%	17,3 k €	+908%	1,7 k €	-56.4%	3,9 k €	+22.1%	3,2 k €	+29.2%	2,5 k €	-80.7%	12,9 k €
Debts	81,2 k €	+119%	37,1 k €	-25.3%	49,7 k €	+3.0%	48,2 k €	+24.0%	38,9 k €	-7.5%	42 k €	-16.1%	50,1 k €	-26.0%	67,7 k €	-13.6%	78,4 k €	-18.3%	95,9 k €	-49.8%	190,8 k €	+164%	72,1 k €	+0.2%	72 k €	-13.3%	83 k €	-4.5%	87 k €	-5.7%	92,2 k €	+13.4%	81,3 k €	+186%	28,4 k €	-19.5%	35,3 k €	-42.3%	61,1 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,9 ETP		–		1,0 ETP	+233%	0,3 ETP		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

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

Active mandates

GTS I

Director · since 15 juillet 2025 · 0800.155.671

Represented by Caenen Gregory

Active

IMMO SEALINE

Director · since 15 juillet 2025 · 0876.144.382

Represented by Soetaert Steven

Active

Michel Verleene

Director · since 26 octobre 2004

Active

Ended mandates

Michel Engel Verleene

Director · since 26 octobre 2004

Ended

Michel Verleene

Manager

Ended

Michel VERLEENE

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	31/08/2026	24/07/2025	31/07/2024	04/08/2023	22/08/2022	12/07/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	26/06/2023	30/06/2022	28/06/2021
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	31/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	24/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	04/08/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	22/08/2022	Dutch	PDF
Micro model	31/12/2020	28/06/2021	12/07/2021	Dutch	PDF
Micro model	31/12/2019	22/06/2020	09/07/2020	Dutch	PDF
Micro model	31/12/2018	24/06/2019	09/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	27/07/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	26/07/2016	Dutch	PDF
Abridged model	31/12/2014	22/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	26/06/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	23/06/2009	Dutch	PDF
Abridged model	31/12/2007	23/06/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	27/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 3 active · 3 ended

Active mandates

GTS I

Director · since 15 juillet 2025 · 0800.155.671

Represented by Caenen Gregory

Active

IMMO SEALINE

Director · since 15 juillet 2025 · 0876.144.382

Represented by Soetaert Steven

Active

Michel Verleene

Director · since 26 octobre 2004

Active

Ended mandates

Michel Engel Verleene

Director · since 26 octobre 2004

Ended

Michel Verleene

Manager

Ended

Michel VERLEENE

Director

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202546,4 k €↑
2024
Annual accounts 202415,3 k €↓
2023
Annual accounts 202329,7 k €↑
2022
Annual accounts 202227,1 k €↑
2021
Annual accounts 202126,3 k €↑
2020
Annual accounts 202014,8 k €↓
2019
Annual accounts 201916,8 k €↑
2018
Annual accounts 2018-99,9 k €↓
2017
Annual accounts 20179 k €↓
2016
Annual accounts 2016135,2 k €↑
2015
Annual accounts 2015-45,6 k €↓
2014
Annual accounts 2014-13,4 k €↓
2013
Annual accounts 201312,2 k €↓
2012
Annual accounts 201222,6 k €↑
2011
Annual accounts 20116,3 k €↓
2010
Annual accounts 20108,4 k €↓
2009
Annual accounts 200929,4 k €↑
2008
Annual accounts 200821 k €↑
2008
Name changeIMMO SQUARE
2007
Annual accounts 20071,5 k €↑
2006
Annual accounts 2006-39,9 k €
2006
Name changeVERMISELL
09/11/2004
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

Immo Square

Overview

What does Immo Square do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline