ACTIVE

IMMOCECO

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Financial year 2025 · closed on 31/12/2025

Net result

-15,4 k €

-101.6% YoY

Gross margin

-1,6 k €

-100.1% YoY

Equity

1,6 M €

-0.9% YoY

What does IMMOCECO do?

IMMOCECO is a Public limited company incorporated in 2006. Its main activity is: Buying and selling of own real estate. Its registered office is in Lasne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0884.692.161

Incorporation

31/10/2006

Legal form

Public limited company

Registered office

Rue de l'Abbaye 14
1380 Lasne · WallonieSee on map

Contributed capital

350 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 70120Activities of head offices 68312Real estate agencies 68322Management of real estate on a fee or contract basis 70312Activities of head offices; management consultancy activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	-1,6 k €	-100%	1,3 M €	+756%	150,4 k €	+1.1%	148,8 k €		–		127,6 k €	-23.1%	166,1 k €	-0.0%	166,1 k €	-2.1%	169,7 k €	-3.7%	176,4 k €	+6.4%	165,7 k €	+16.1%	142,7 k €	+104%	69,9 k €	+4323%	-1,7 k €
EBITDA	-14,4 k €	-101%	1,3 M €	+820%	138,8 k €	+0.3%	138,3 k €	-10.2%	154,1 k €	+31.0%	117,7 k €	-24.7%	156,3 k €	-0.2%	156,5 k €	-2.3%	160,2 k €	-4.0%	166,9 k €	+5.3%	158,4 k €	+11.7%	141,8 k €	+104%	69,4 k €	+1097%	-7 k €
Operating result	-14,4 k €	-101%	1,3 M €	+1499%	79,8 k €	+0.4%	79,6 k €	-25.3%	106,5 k €	+256%	29,9 k €	-56.3%	68,5 k €	-0.4%	68,8 k €	-5.1%	72,5 k €	-7.8%	78,6 k €	+12.4%	70 k €	+30.6%	53,6 k €	+509%	-13,1 k €	-51.5%	-8,6 k €
Net result	-15,4 k €	-102%	934,6 k €	+4660%	19,6 k €	-68.6%	62,6 k €	+25.2%	50 k €	+408%	-16,2 k €	-169%	23,4 k €	-22.0%	30 k €	+44.0%	20,8 k €	-12.0%	23,7 k €	+243%	6,9 k €	+1.1%	6,8 k €	+119%	-36,6 k €	-389%	-7,5 k €
Balance sheet
Equity	1,6 M €	-0.9%	1,7 M €	+130%	718,8 k €	+2.8%	699,1 k €	+9.8%	636,5 k €	+97.6%	322,2 k €	-4.8%	338,4 k €	+7.4%	315 k €	+10.5%	285,1 k €	+7.9%	264,3 k €	+9.8%	240,6 k €	+2.9%	233,7 k €	+3.0%	226,9 k €	-13.9%	263,5 k €
Total assets	1,9 M €	-6.2%	2,1 M €	+18.7%	1,7 M €	-4.6%	1,8 M €	-6.7%	2 M €	+53.9%	1,3 M €	-3.8%	1,3 M €	-3.8%	1,4 M €	-2.7%	1,4 M €	-3.7%	1,5 M €	-3.8%	1,5 M €	-4.2%	1,6 M €	+1.7%	1,6 M €	+86.0%	840,8 k €
Cash	1 k €	-93.9%	16,6 k €	-52.8%	35,1 k €	+308%	8,6 k €	+8.2%	8 k €	-65.2%	22,9 k €	+49.4%	15,3 k €	+598%	2,2 k €	-70.1%	7,3 k €	+25.6%	5,9 k €	+551%	898,2 €	-92.0%	11,3 k €	-68.1%	35,3 k €	+354%	7,8 k €
Debts	300,9 k €	-27.2%	413,5 k €	-58.9%	1 M €	-10.5%	1,1 M €	-14.6%	1,3 M €	+39.0%	948,1 k €	-3.5%	982,6 k €	-7.2%	1,1 M €	-6.0%	1,1 M €	-6.2%	1,2 M €	-6.4%	1,3 M €	-5.4%	1,4 M €	+1.5%	1,3 M €	+132%	577,2 k €

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 · 17 ended

Active mandates

AYW Green

Managing director · since 02 mai 2024 · until 29 mai 2030 · 0727.822.078

Represented by Alain Roger Germain Guy Limauge

Active

Patricia Van Ingelgem

Director · since 02 mai 2024 · until 29 mai 2030

Active

Ended mandates

Alain Limauge

Director · since 30 juin 2020 · until 31 décembre 2024

Ended

Alain Limauge

Director · since 30 juin 2020

Ended

Alain Roger Germain Guy Limauge

Director · since 30 juin 2020 · until 02 mai 2024

Ended

AYW CONCEPT SRL

Managing director · since 25 mai 2016 · 0861.104.236

Represented by Limauge Alain

Ended

At this address

Other companies at this address

Company	CBE no.
AVL Aywiers● Active	0677.619.729
AYW Green● Active	0727.822.078
AYWIERS● Active	0450.072.278
Bricks Ayw● Active	0784.944.289
IMMOBILIERE DE LA COMPAGNIE DES EAUX● Active	0828.040.696

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Full 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	21/08/2026	26/08/2025	19/08/2024	21/08/2023	30/08/2022	30/08/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/05/2026	21/08/2026	French	PDF
Micro model	31/12/2024	28/05/2025	26/08/2025	French	PDF
Micro model	31/12/2023	29/05/2024	19/08/2024	French	PDF
Micro model	31/12/2022	31/05/2023	21/08/2023	French	PDF
Full model	31/12/2021	25/05/2022	30/08/2022	French	PDF
Micro model	31/12/2020	26/05/2021	30/08/2021	French	PDF
Micro model	31/12/2019	27/05/2020	29/09/2020	French	PDF
Micro model	31/12/2018	29/05/2019	27/08/2019	French	PDF
Micro model	31/12/2017	30/05/2018	22/06/2018	French	PDF
Micro model	31/12/2016	31/05/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	25/05/2016	24/06/2016	French	PDF
Abridged model	31/12/2014	27/05/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	28/05/2014	05/08/2014	French	PDF
Abridged model	31/12/2012	29/05/2013	13/08/2013	French	PDF
Abridged model	31/12/2011	30/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	25/05/2011	12/08/2011	French	PDF
Abridged model	31/12/2009	26/05/2010	28/06/2010	French	PDF
Abridged model	31/12/2008	27/05/2009	30/06/2009	French	PDF
Abridged model	31/12/2007	28/05/2008	13/06/2008	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 · 2 active · 17 ended

Active mandates

AYW Green

Managing director · since 02 mai 2024 · until 29 mai 2030 · 0727.822.078

Represented by Alain Roger Germain Guy Limauge

Active

Patricia Van Ingelgem

Director · since 02 mai 2024 · until 29 mai 2030

Active

Ended mandates

Alain Limauge

Director · since 30 juin 2020 · until 31 décembre 2024

Ended

Alain Limauge

Director · since 30 juin 2020

Ended

Alain Roger Germain Guy Limauge

Director · since 30 juin 2020 · until 02 mai 2024

Ended

AYW CONCEPT SRL

Managing director · since 25 mai 2016 · 0861.104.236

Represented by Limauge Alain

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/05/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates30/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/07/2020
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates22/11/2012
DEMISSIONS, NOMINATIONS
PDF
Registered office13/09/2011
SIEGE SOCIAL
PDF
Mandates12/07/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares16/03/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-15,4 k €↓
2024
Annual accounts 2024934,6 k €↑
2023
Annual accounts 202319,6 k €↓
2022
Annual accounts 202262,6 k €↑
2021
Annual accounts 202150 k €↑
2018
Annual accounts 2018-16,2 k €↓
2017
Annual accounts 201723,4 k €↓
2016
Annual accounts 201630 k €↑
2015
Annual accounts 201520,8 k €↓
2014
Annual accounts 201423,7 k €↑
2013
Annual accounts 20136,9 k €↑
2012
Annual accounts 20126,8 k €↑
2011
Annual accounts 2011-36,6 k €↓
2010
Annual accounts 2010-7,5 k €
31/10/2006
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

IMMOCECO

Overview

What does IMMOCECO do?

Trend over 14 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