ACTIVE

ROYALE 120

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Financial year 2025 · Closed on 31/12/2025

Net result1,6 M €+3,5 %over 1 year
Revenue3,7 M €+2,6 %over 1 year
Equity31,2 M €+5,3 %over 1 year

Identity

Source · BCE/KBO

ROYALE 120 is a Public limited company incorporated in 2007. Its main activity is: Buying and selling of own real estate. Its registered office is in Ixelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0890.094.665
Incorporation
15/06/2007
Legal form
Public limited company
Registered office
Avenue Louise 54
1050 Ixelles · BruxellesSee on map
Contributed capital
29 000 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 18 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue3,7 M €3,6 M €3,5 M €846,5 k €–
EBITDA3,6 M €3,5 M €3,3 M €693,4 k €-34,6 k €
Operating result2 M €1,9 M €1,6 M €248,1 k €-34,6 k €
Net result1,6 M €1,5 M €1,3 M €226,4 k €-35 k €
Balance sheet
Equity31,2 M €29,6 M €31,5 M €45 M €975,7 k €
Total assets83,3 M €87,8 M €58 M €74,7 M €1 M €
Cash6,6 M €5,1 M €5 M €16,6 M €161,4 k €
Debts136,7 k €1,5 M €1,3 M €971,9 k €28,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 31 ended

Active mandates

Axel CEUSTERS

Director · since 13 juin 2025 · until 08 mai 2031

Active
Marc GÄRTNER

Director · since 27 juillet 2018 · until 09 mai 2030

Active
Laurence SIMILLON

Director · since 23 juillet 2018 · until 09 mai 2030

Active

Ended mandates

Axel CEUSTERS

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Axel CEUSTERS

Director · since 26 novembre 2019

Ended
Axel Hugo CEUSTERS

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Marc GÄRTNER

Director · since 27 juillet 2018 · until 14 juin 2024

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202620/08/202510/07/202416/08/202330/06/202230/06/2021
General meeting30/06/202618/08/202528/06/202420/07/202312/05/202228/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/06/202601/07/2026DutchPDF
Full model31/12/202418/08/202520/08/2025DutchPDF
Full model31/12/202328/06/202410/07/2024DutchPDF
Full model31/12/202220/07/202316/08/2023DutchPDF
Abridged model31/12/202112/05/202230/06/2022FrenchPDF
Abridged model31/12/202028/06/202130/06/2021DutchPDF
Abridged model31/12/201929/06/202030/06/2020DutchPDF
Abridged model31/12/201821/06/201930/08/2019DutchPDF
Abridged model31/12/201723/07/201827/08/2018DutchPDF
Abridged model31/12/201616/08/201731/08/2017DutchPDF
Full model31/12/201519/08/201626/08/2016DutchPDF
Full model31/12/201427/07/201510/08/2015DutchPDF
Full model31/12/201325/04/201412/06/2014FrenchPDF
Full model31/12/201210/05/201304/07/2013FrenchPDF
Full model31/12/201110/05/201226/07/2012FrenchPDF
Full model31/12/201012/05/201115/06/2011FrenchPDF
Full model31/12/200914/05/201029/07/2010FrenchPDF
Full model31/12/200814/05/200906/08/2009FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2025

3 active · 31 ended

Active mandates

Axel CEUSTERS

Director · since 13 juin 2025 · until 08 mai 2031

Active
Marc GÄRTNER

Director · since 27 juillet 2018 · until 09 mai 2030

Active
Laurence SIMILLON

Director · since 23 juillet 2018 · until 09 mai 2030

Active

Ended mandates

Axel CEUSTERS

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Axel CEUSTERS

Director · since 26 novembre 2019

Ended
Axel Hugo CEUSTERS

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Marc GÄRTNER

Director · since 27 juillet 2018 · until 14 juin 2024

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Capital / shares26/08/2026
    KAPITAAL, AANDELEN
    PDF
  • Capital / shares31/07/2026
    KAPITAAL - AANDELEN
    PDF
  • Other24/07/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates26/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/09/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Registered office13/11/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares28/07/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 20251,6 M €↑
  2. 18/08/2025
    reconductionAxel Ceusters — bestuurder
  3. 18/08/2025
    reconductionAbdellah Idrissi Serghini — commissaris
  4. 2024
    Annual accounts 20241,5 M €↑
  5. 28/08/2024
    reduction_capital
  6. 28/06/2024
    reconductionMarc Gärtner — bestuurder
  7. 28/06/2024
    reconductionLaurence Simillon — bestuurder
  8. 2023
    Annual accounts 20231,3 M €↑
  9. 25/07/2023
    reduction_capital
  10. 2022
    Annual accounts 2022226,4 k €↑
  11. 12/05/2022
    reconductionL&S Bedrijfsrevisoren BV — commissaris
  12. 2021
    Annual accounts 2021-35 k €↑
  13. 2019
    Annual accounts 2019-43,9 k €↓
  14. 2018
    Annual accounts 2018-39,7 k €↓
  15. 2017
    Annual accounts 2017-12,7 k €↓
  16. 2016
    Annual accounts 2016-12,2 k €↑
  17. 2015
    Annual accounts 2015-19,2 k €↓
  18. 2014
    Annual accounts 2014-6,9 k €↓
  19. 2013
    Annual accounts 2013-2,7 k €↓
  20. 2012
    Annual accounts 2012-2,4 k €↓
  21. 2011
    Annual accounts 2011105,7 k €↑
  22. 2010
    Annual accounts 2010-3,6 k €↓
  23. 2009
    Annual accounts 2009-2,7 k €↑
  24. 2008
    Annual accounts 2008-10,4 k €
  25. 15/06/2007
    IncorporationPublic limited company