ACTIVE

IMMO-SAULE

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Financial year 2025 · Closed on 31/12/2025

Net result-54,7 k €+26,9 %over 1 year

Gross margin32,3 k €-31,6 %over 1 year

Equity119,4 k €-31,4 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

IMMO-SAULE is a Public limited company incorporated in 2005. Its registered office is in Herve.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0876.351.745
Incorporation: 29/09/2005
Legal form: Public limited company
Registered office: Rue de Chesseroux 1
4651 Herve · WallonieSee on map
Contributed capital: 260 903,60 €
Latest accounts: 31/12/2025
Average workforce: 0,0 ETP

Signals

Positive EBITDA

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	32,3 k €	-31.6%	47,2 k €	-2.2%	48,3 k €	+13.0%	42,7 k €	-54.3%	93,5 k €
EBITDA	31,9 k €	-31.3%	46,4 k €	-1.0%	46,9 k €	+11.6%	42 k €	-54.9%	93,1 k €
Operating result	31,9 k €	-31.3%	46,4 k €	-1.0%	46,9 k €	+11.6%	42 k €	-54.9%	93,1 k €
Net result	-54,7 k €	+26.9%	-74,9 k €	-26.1%	-59,4 k €	-5363%	1,1 k €	-98.1%	59,3 k €
Balance sheet
Equity	119,4 k €	-31.4%	174,1 k €	-30.1%	249 k €	-19.3%	308,4 k €	+0.4%	307,2 k €
Total assets	2,6 M €	+2.7%	2,6 M €	+13.9%	2,3 M €	-16.4%	2,7 M €	+39.1%	1,9 M €
Cash	142,1 k €	-45.3%	260 k €	+49.9%	173,4 k €	-69.6%	570,7 k €	+192%	195,3 k €
Debts	2,5 M €	+4.4%	2,4 M €	+19.5%	2 M €	-16.2%	2,4 M €	+46.3%	1,6 M €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LOUIS PIRON MANAGEMENT1019.997.065Represented by Louis Piron	Director20/06/2025 → 20/06/2031
GROUPE ETIENNE PIRON0887.300.570Represented by Etienne PIRON	Managing director29/03/2016 → 26/06/2026
Louis Piron	Director20/06/2020 → 26/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne Piron	Director29/03/2016 → 26/06/2020
BELGAME0413.036.490Represented by Lorraine Rolin Jacquemyns	Director21/03/2013 → 28/05/2014

Other companies at this address

Rue de Chesseroux 1 4651 Herve

Company	CBE no.
GROUPE ETIENNE PIRON● Active	0887.300.570
PIRON Construction● Active	0444.867.338

Full financial information

Source · NBB

	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	27/06/2026	23/06/2025	28/06/2024	26/06/2023	18/06/2022	16/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	26/06/2023	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	27/06/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	23/06/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	26/06/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	18/06/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	16/07/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	03/07/2020	French	PDF
Micro model	31/12/2018	07/06/2019	28/06/2019	French	PDF
Micro model	31/12/2017	29/06/2018	02/07/2018	French	PDF
Micro model	31/12/2016	22/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	17/03/2016	14/04/2016	French	PDF
Abridged model	31/12/2014	23/03/2015	19/04/2015	French	PDF
Abridged model	31/12/2013	20/03/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	21/03/2013	31/05/2013	French	PDF
Abridged model	31/12/2011	15/03/2012	11/04/2012	French	PDF
Abridged model	31/12/2010	07/03/2011	13/04/2011	French	PDF
Abridged model	31/12/2009	18/03/2010	23/04/2010	French	PDF
Abridged model	31/12/2008	19/03/2009	16/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	20/06/2007	19/07/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LOUIS PIRON MANAGEMENT1019.997.065Represented by Louis Piron	Director20/06/2025 → 20/06/2031
GROUPE ETIENNE PIRON0887.300.570Represented by Etienne PIRON	Managing director29/03/2016 → 26/06/2026
Louis Piron	Director20/06/2020 → 26/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Etienne Piron	Director29/03/2016 → 26/06/2020
BELGAME0413.036.490Represented by Lorraine Rolin Jacquemyns	Director21/03/2013 → 28/05/2014

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/10/2026
Renouvellement du mandat des administrateurs
PDF
Mandates24/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates08/07/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office21/03/2022
SIEGE SOCIAL
PDF
Mandates07/04/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates30/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates26/04/2016
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates20/04/2015
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

LOUIS PIRON MANAGEMENT

GROUPE ETIENNE PIRON

Louis Piron

Etienne Piron

BELGAME

Participations Financières et Immobilières

GESTFIM

FRANCIS ROLIN JACQUEMYNS

200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

IMMO-SAULEIMMOBILIERE DU VIEUX SAULE

Rue de Chesseroux 1, 4651 Battice

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de Chesseroux 1, 4651 BatticeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00217542

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IMMO-SAULECurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00217542
IMMOBILIERE DU VIEUX SAULE	accounts 2007 → 2019	Accounts 2019 · 2020-26400176

Events

2025
Annual accounts 2025-54,7 k €↑
2024
Annual accounts 2024-74,9 k €↓
2023
Annual accounts 2023-59,4 k €↓
2022
Annual accounts 20221,1 k €↓
2021
Annual accounts 202159,3 k €↑
2020
Annual accounts 2020-15,9 k €↓
2020
Name changeIMMO-SAULE
2019
Annual accounts 2019-270 €↑
2018
Annual accounts 2018-18,3 k €↓
2017
Annual accounts 2017-5,2 k €↓
2016
Annual accounts 2016-1,4 k €↑
2015
Annual accounts 2015-2,7 k €↑
2014
Annual accounts 2014-12 k €↓
2013
Annual accounts 2013200,5 k €↑
2012
Annual accounts 2012-31,5 k €↓
2011
Annual accounts 2011-5,8 k €↓
2010
Annual accounts 2010-4,1 k €↓
2009
Annual accounts 2009-3,2 k €↓
2008
Annual accounts 2008-2,9 k €↑
2007
Annual accounts 2007-3,7 k €
29/09/2005
IncorporationPublic limited company

IMMO-SAULE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events