ACTIVE

COURCELLES RETAIL

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Financial year 2026 · closed on 31/03/2026

Net result

457,5 k €

+82.8% YoY

Revenue

619,7 k €

+14.7% YoY

Equity

4,4 M €

+8.8% YoY

Workforce

3,3 ETP

+57.1% YoY

What does COURCELLES RETAIL do?

COURCELLES RETAIL is a Private limited company incorporated in 2007. Its main activity is: Real estate agencies. Its registered office is in Frameries. It employs on average 3,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.061.479

Incorporation

25/10/2007

Legal form

Private limited company

Registered office

Av. des Nouvelles Technologies 71
7080 Frameries · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/03/2026

Average workforce

3,3 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	619,7 k €	+14.7%	540,4 k €	-8.3%	589,3 k €	-2.4%	604 k €	+1.1%	597,4 k €	+4.0%	574,5 k €	+4.9%	547,8 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-148,4 k €	-12.9%	-131,4 k €	-72.2%	-76,3 k €	-321%	-18,1 k €	-129%	-7,9 k €	-101%	581,6 k €	+106%	282,8 k €	-77.1%	1,2 M €	+1065%	106,2 k €	+856%	11,1 k €	-89.7%	108 k €	+136%	45,7 k €	+618%	6,4 k €	-90.2%	65,3 k €	+7.6%	60,7 k €	+52.2%	39,9 k €	+333%	-17,1 k €	-148%	35,7 k €
Operating result	-152,6 k €	-11.2%	-137,2 k €	-59.8%	-85,9 k €	-191%	-29,5 k €	-65.0%	-17,9 k €	-103%	572,7 k €	+112%	269,9 k €	-78.0%	1,2 M €	+1203%	94 k €	+16646%	-568 €	-101%	96 k €	+151%	38,2 k €	+4725%	792 €	-98.6%	58,1 k €	+22.2%	47,5 k €	+40.0%	33,9 k €	+239%	-24,5 k €	-209%	22,4 k €
Net result	457,5 k €	+82.8%	250,2 k €	-32.8%	372,2 k €	+158%	144,2 k €	-45.5%	264,6 k €	-68.9%	850,5 k €	+175%	309,3 k €	-75.5%	1,3 M €	+357%	276,5 k €	-32.8%	411,5 k €	-40.4%	690,7 k €	+1188%	53,6 k €	-85.4%	367,6 k €	+221%	114,6 k €	+1458%	7,4 k €	-70.3%	24,7 k €	+138%	-65,6 k €	-327%	28,8 k €
Balance sheet
Equity	4,4 M €	+8.8%	4,1 M €	+3.8%	3,9 M €	+7.1%	3,7 M €	+0.1%	3,7 M €	+0.4%	3,6 M €	+19.7%	3 M €	+3.7%	2,9 M €	+65.7%	1,8 M €	-1.3%	1,8 M €	-10.5%	2 M €	+52.6%	1,3 M €	+4.3%	1,3 M €	+32.3%	952 k €	+3.8%	917,3 k €	+0.8%	910 k €	+5119%	-18,1 k €	-138%	47,4 k €
Total assets	5,9 M €	+22.8%	4,8 M €	+4.6%	4,6 M €	+9.2%	4,2 M €	-9.7%	4,7 M €	+9.5%	4,3 M €	+29.9%	3,3 M €	-2.7%	3,4 M €	+37.2%	2,5 M €	-2.3%	2,5 M €	-7.9%	2,7 M €	+28.2%	2,1 M €	+17.7%	1,8 M €	+13.2%	1,6 M €	+0.9%	1,6 M €	+1.9%	1,6 M €	+91.6%	813,9 k €	+50.4%	541,3 k €
Cash	83,9 k €	-70.3%	282,8 k €	-37.9%	455,4 k €	+1299%	32,6 k €	-42.7%	56,8 k €	+41.5%	40,2 k €	-93.3%	597,2 k €	-4.0%	622,1 k €	+262%	171,9 k €	+21.5%	141,5 k €	-63.6%	388,3 k €	+71.5%	226,4 k €	+60.5%	141 k €	+952%	13,4 k €	-57.8%	31,8 k €	+418%	6,1 k €	-94.5%	112,2 k €	+9537%	1,2 k €
Debts	1,5 M €	+97.6%	753,2 k €	+9.1%	690,6 k €	+22.4%	564,1 k €	-44.9%	1 M €	+62.2%	631 k €	+156%	246,8 k €	-45.0%	448,4 k €	-35.5%	695,1 k €	-4.6%	729 k €	-0.9%	735,6 k €	-10.6%	823,1 k €	+48.1%	555,8 k €	-14.1%	646,7 k €	+0.1%	646,2 k €	+0.4%	643,5 k €	-22.7%	832 k €	+68.5%	493,8 k €
Other
Workforce	3,3 ETP	+57.1%	2,1 ETP	0.0%	2,1 ETP	-16.0%	2,5 ETP	+4.2%	2,4 ETP	0.0%	2,4 ETP	-11.1%	2,7 ETP	-6.9%	2,9 ETP	-42.0%	5,0 ETP	+25.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	0.0%	4,0 ETP	+33.3%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 2 active · 3 ended

Active mandates

Amédéo COURCELLES

Director · since 10 décembre 2021

Active

COURCELLES GROUP

Director · since 10 décembre 2021 · 0870.730.990

Represented by Bernard COURCELLES

Active

Ended mandates

COURCELLES GROUP

Director · since 23 octobre 2007 · 0870.730.990

Represented by Bernard COURCELLES

Ended

COURCELLES GROUP

Manager · 0870.730.990

Ended

FHINVEST

Manager · 0892.846.002

Ended

At this address

Other companies at this address

Company	CBE no.
A2CLEAN● Active	0541.953.153
A.B.C.GROUP● Active	0743.554.785
BATECOLOR● Active	0831.870.911
B.C. UNIT● Active	0502.773.170
CAROLOMAINTENANCE● Active	0538.473.625
C.B. PARTNERS● Active	0663.790.497
CENTRE D'AFFAIRES PARC 71● Active	0877.877.120
Clair-Office● Active	0413.487.838
COURCELLES IMMO● Active	0538.942.688
COURCELLES INVEST● Active	1031.161.171
COURCELLES PET’S COMPANY● Active	0757.791.219
DAVID VOTRE TRAITEUR● Active	1034.835.293
DELDOUR● Active	0475.506.965
DELFILATURE● Active	0745.502.012
DELMARENGO● Active	0445.655.810
DL-NET● Active	0865.877.032
FORPRO● Active	0893.990.996
O.C. GROUP● Active	1028.194.555
ORNIMMO● Active	0473.237.759
QUBE PROMOTIONS● Active	1031.163.943

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/09/2026	10/10/2025	11/10/2024	27/09/2023	28/10/2022	16/11/2021
General meeting	03/09/2026	04/09/2025	05/09/2024	07/09/2023	05/10/2022	02/09/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2026	03/09/2026	14/09/2026	French	PDF
Full model	31/03/2025	04/09/2025	10/10/2025	French	PDF
Full model	31/03/2024	05/09/2024	11/10/2024	French	PDF
Full model	31/03/2023	07/09/2023	27/09/2023	French	PDF
Full model	31/03/2022	05/10/2022	28/10/2022	French	PDF
Full model	31/03/2021	02/09/2021	16/11/2021	French	PDF
Full model	31/03/2020	11/09/2020	19/11/2020	French	PDF
Abridged model	31/03/2019	05/09/2019	14/10/2019	French	PDF
Abridged model	31/03/2018	06/09/2018	16/10/2018	French	PDF
Abridged model	31/03/2017	07/09/2017	20/10/2017	French	PDF
Abridged model	31/03/2016	07/09/2016	21/10/2016	French	PDF
Abridged model	31/03/2015	03/09/2015	25/10/2015	French	PDF
Abridged model	31/03/2014	04/09/2014	22/10/2014	French	PDF
Abridged model	31/03/2013	05/09/2013	31/10/2013	French	PDF
Abridged model	31/03/2012	06/09/2012	29/10/2012	French	PDF
Abridged model	31/03/2011	01/09/2011	26/10/2011	French	PDF
Abridged model	30/06/2010	31/12/2010	29/01/2011	French	PDF
Abridged model	30/06/2009	17/12/2009	05/02/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/03/2026 · 2 active · 3 ended

Active mandates

Amédéo COURCELLES

Director · since 10 décembre 2021

Active

COURCELLES GROUP

Director · since 10 décembre 2021 · 0870.730.990

Represented by Bernard COURCELLES

Active

Ended mandates

COURCELLES GROUP

Director · since 23 octobre 2007 · 0870.730.990

Represented by Bernard COURCELLES

Ended

COURCELLES GROUP

Manager · 0870.730.990

Ended

FHINVEST

Manager · 0892.846.002

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring13/05/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring05/03/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates20/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Registered office11/12/2019
SIEGE SOCIAL
PDF
Capital / shares31/10/2017
CAPITAL, ACTIONS
PDF
Capital / shares29/06/2016
CAPITAL, ACTIONS
PDF
Capital / shares05/04/2011
CAPITAL, ACTIONS
PDF
Capital / shares21/12/2010
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

2026
Annual accounts 2026457,5 k €↑
2026
Name changeCOURCELLES RETAIL
2025
Annual accounts 2025250,2 k €↓
2024
Annual accounts 2024372,2 k €↑
2023
Annual accounts 2023144,2 k €↓
2022
Annual accounts 2022264,6 k €↓
2022
Name changeB.C. GROUP
2021
Annual accounts 2021850,5 k €↑
2020
Annual accounts 2020309,3 k €↓
2019
Annual accounts 20191,3 M €↑
2018
Annual accounts 2018276,5 k €↓
2017
Annual accounts 2017411,5 k €↓
2016
Annual accounts 2016690,7 k €↑
2015
Annual accounts 201553,6 k €↓
2014
Annual accounts 2014367,6 k €↑
2013
Annual accounts 2013114,6 k €↑
2012
Annual accounts 20127,4 k €↓
2011
Annual accounts 201124,7 k €↑
2010
Annual accounts 2010-65,6 k €↓
2009
Annual accounts 200928,8 k €
25/10/2007
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

COURCELLES RETAIL

Overview

What does COURCELLES RETAIL do?

Trend over 18 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