ACTIVE

URBAN REAL ESTATE

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Financial year 2025 · Closed on 30/06/2025

Net result442,9 k €+63,5 %over 1 year

Gross margin1,2 M €+53,6 %over 1 year

Equity894,6 k €+98,0 %over 1 year

Workforce1,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

URBAN REAL ESTATE is a Private limited company incorporated in 2006. Its main activity is: Development of building projects. Its registered office is in Hasselt. It employs on average 1,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0881.675.560
Incorporation: 06/06/2006
Legal form: Private limited company
Registered office: Luikersteenweg 227
3500 Hasselt · FlandreSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/06/2025
Average workforce: 1,0 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41001Construction of buildings 41003Construction of buildings 41102Development of building projects 41201Construction of residential and non-residential buildings+4

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,2 M €	+53.6%	779,3 k €	+101%	387,1 k €	+22.2%	316,9 k €	+304%	78,4 k €
EBITDA	1,1 M €	+58.6%	710,7 k €	+113%	334 k €	+5.5%	316,4 k €	+305%	78 k €
Operating result	1,1 M €	+66.3%	672,6 k €	+103%	330,7 k €	+4.5%	316,4 k €	+305%	78 k €
Net result	442,9 k €	+63.5%	270,9 k €	+138%	114,1 k €	+72.8%	66 k €	+167%	24,7 k €
Balance sheet
Equity	894,6 k €	+98.0%	451,7 k €	+150%	180,8 k €	+171%	66,8 k €	+8575%	769,6 €
Total assets	20,4 M €	+61.6%	12,6 M €	+130%	5,5 M €	-48.5%	10,6 M €	+384%	2,2 M €
Cash	395 k €	-72.5%	1,4 M €	-29.5%	2 M €	-29.9%	2,9 M €	+3493%	81 k €
Debts	19,3 M €	+60.2%	12,1 M €	+132%	5,2 M €	-50.5%	10,5 M €	+380%	2,2 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 24 ended

Active mandates

Herwig Mullens

Director · since 11 décembre 2023

Active

Ilse Bauwens

Director · since 11 décembre 2023

Active

Ended mandates

Herwig Mullens

Director · since 06 décembre 2018

Ended

Herwig Mullens

Manager · since 06 décembre 2018

Ended

Ilse Bauwens

Director · since 06 décembre 2018

Ended

Ilse BAUWENS

Manager · since 06 décembre 2018

Ended

Other companies at this address

Luikersteenweg 227 3500 Hasselt

Company	CBE no.
INKA● Active	0843.373.230
RUBON● Active	0893.006.348
So Real Construct● Active	1034.871.323
SO REAL CORSA● Active	1021.211.941
SO REAL ESTATE● Active	0745.880.213
So Real Green● Active	0436.325.695
So Real Invest● Active	0778.278.510
Urban Vesta● Active	1034.881.320

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/01/2026	31/01/2025	31/01/2024	09/12/2022	31/01/2022	31/01/2021
General meeting	04/12/2025	05/12/2024	07/12/2023	01/12/2022	02/12/2021	03/12/2020
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	30/06/2025	04/12/2025	30/01/2026	Dutch	PDF
Abridged model	30/06/2024	05/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	07/12/2023	31/01/2024	Dutch	PDF
Micro model	30/06/2022	01/12/2022	09/12/2022	Dutch	PDF
Micro model	30/06/2021	02/12/2021	31/01/2022	Dutch	PDF
Micro model	30/06/2020	03/12/2020	31/01/2021	Dutch	PDF
Abridged model	30/06/2019	05/12/2019	30/01/2020	Dutch	PDF
Abridged model	30/06/2018	06/12/2018	31/01/2019	Dutch	PDF
Micro model	30/06/2017	07/12/2017	31/01/2018	Dutch	PDF
Abridged model	30/06/2016	01/12/2016	28/12/2016	Dutch	PDF
Abridged model	30/06/2015	03/12/2015	08/12/2015	Dutch	PDF
Abridged model	30/06/2014	04/12/2014	15/12/2014	Dutch	PDF
Abridged model	30/06/2013	05/12/2013	10/12/2013	Dutch	PDF
Abridged model	30/06/2012	06/12/2012	13/12/2012	Dutch	PDF
Abridged model	30/06/2011	01/12/2011	02/12/2011	Dutch	PDF
Abridged model	30/06/2010	02/12/2010	06/12/2010	Dutch	PDF
Abridged model	30/06/2009	03/12/2009	09/12/2009	Dutch	PDF
Abridged modelCorrection	30/06/2008	15/10/2008	17/02/2009	Dutch	PDF
Abridged model	30/06/2008	15/10/2008	22/10/2008	Dutch	PDF
Abridged model	30/06/2007	06/12/2007	18/12/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 24 ended

Active mandates

Herwig Mullens

Director · since 11 décembre 2023

Active

Ilse Bauwens

Director · since 11 décembre 2023

Active

Ended mandates

Herwig Mullens

Director · since 06 décembre 2018

Ended

Herwig Mullens

Manager · since 06 décembre 2018

Ended

Ilse Bauwens

Director · since 06 décembre 2018

Ended

Ilse BAUWENS

Manager · since 06 décembre 2018

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office23/10/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2019
ONTSLAGEN - BENOEMINGEN - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/12/2018
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/03/2009
Verplaatsing maatschappelijke zetel!
PDF
Other15/06/2006
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 2025442,9 k €↑
2024
Annual accounts 2024270,9 k €↑
2023
Annual accounts 2023114,1 k €↑
2022
Annual accounts 202266 k €↑
2021
Annual accounts 202124,7 k €↑
2020
Annual accounts 20205,3 k €↑
2019
Annual accounts 2019910,7 €↓
2018
Annual accounts 201822 k €↑
2017
Annual accounts 2017-24,1 k €↓
2016
Annual accounts 2016-10,5 k €↓
2015
Annual accounts 2015-1,4 k €↓
2014
Annual accounts 201414,6 k €↓
2013
Annual accounts 201339,5 k €↑
2012
Annual accounts 2012-6 k €↓
2011
Annual accounts 201124,9 k €↑
2010
Annual accounts 2010-17,7 k €↑
2009
Annual accounts 2009-46,3 k €
06/06/2006
IncorporationPrivate limited company

URBAN REAL ESTATE

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