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ALIDES PROPERTIES

Active
Public limited companyfounded 197551 yrs activeForeestelaan 86, 9000 Gent, BelgiumKBO/BCE: BE 0415.188.902
Summary

ALIDES PROPERTIES has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108.3m and a net result of €26.6m. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability87▲+5
Solvency65▲+4
Growth65▼-1
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,650,000 at 30 days acceptable
Liquidity ample (current ratio 3.54 against 3.76 in 2024; short-term debt: 18.5% and cash: 0.1% of total assets), but 60.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 51 years 0 60 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
39.6%
Return on assets
9.7%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
81 d early
2024
83 d early
2023
79 d early
2022
87 d early
2021
79 d early
2020
33 d early
2019
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 66 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 25 June 1975, ALIDES PROPERTIES was incorporated.1 The capital was increased 2 times between 2010 and 2022, most recently to EUR 7.7 million.23 INVESTATE was merged into the company in 2010.2 The name was changed to ALIDES PROPERTIES in 2016.4 In 2020 the registered office moved to Gent.5 Of the 5 current board members, Real Value Management has served longest, since 2015.6 Revenue went from EUR 15 million in 2018 to EUR 17 million in 2025 and headcount from 4.8 to 3.7 full-time equivalents.7

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 16-07-2010
  3. 3Belgian State Gazette, 30-11-2022
  4. 4Belgian State Gazette, 22-07-2016
  5. 5Belgian State Gazette, 28-08-2020
  6. 6Belgian State Gazette, 23-08-2022
  7. 7National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€16.6m▼ 4.9%
2024 · €17.5m
EBIT margin
211.9%▲ 124.1pp
2024 · 87.8%
Net result
€26.6m▲ 115%
2024 · €12.3m
Working capital
€128.5m▲ 13.8%
2024 · €112.9m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€23.9m▲ 86.5%€16.4m▼ 31.4%€17.6m▲ 7.5%€17.5m▼ 1.1%€16.6m▼ 4.9%
Operating result€12.3m▲ 62.1%€6.8m▼ 44.7%€15.5m▲ 128%€15.3m▼ 1.0%€35.2m▲ 130%
Net result€15.0mabove the sector's middle half▲ 66.8%€5.5mabove the sector's middle half▼ 63.4%€14.7mabove the sector's middle half▲ 169%€12.3mabove the sector's middle half▼ 16.3%€26.6mabove the sector's middle half▲ 115%
EBIT margin51.3%▼ 7.7pp41.3%▼ 9.9pp87.7%▲ 46.4pp87.8%▲ 0.1pp211.9%▲ 124.1pp
Equity€88.1mabove the sector's middle half▲ 6.0%€84.6mabove the sector's middle half▼ 4.0%€89.4mabove the sector's middle half▲ 5.6%€91.7mabove the sector's middle half▲ 2.6%€108.3mabove the sector's middle half▲ 18.1%
Total assets€253.7mabove the sector's middle half▲ 36.0%€261.6mabove the sector's middle half▲ 3.1%€259.3mabove the sector's middle half▼ 0.9%€255.9mabove the sector's middle half▼ 1.3%€273.7mabove the sector's middle half▲ 7.0%
Debt€155.0m▲ 65.1%€167.0m▲ 7.7%€158.5m▼ 5.1%€151.7m▼ 4.3%€147.0m▼ 3.1%
Working capital€100.3mabove the sector's middle half▲ 164%€106.9mabove the sector's middle half▲ 6.6%€110.3mabove the sector's middle half▲ 3.2%€112.9mabove the sector's middle half▲ 2.4%€128.5mabove the sector's middle half▲ 13.8%
Solvency34.7%within the sector's middle half▼ 9.8pp32.3%within the sector's middle half▼ 2.4pp34.5%within the sector's middle half▲ 2.1pp35.8%within the sector's middle half▲ 1.4pp39.6%within the sector's middle half▲ 3.7pp
Current ratio3.60above the sector's middle half▲ 1.573.71above the sector's middle half▲ 0.123.75above the sector's middle half▲ 0.033.76above the sector's middle half▲ 0.013.54within the sector's middle half▼ 0.22
Return on assets (ROA)5.9%above the sector's middle half▲ 1.1pp2.1%within the sector's middle half▼ 3.8pp5.7%above the sector's middle half▲ 3.6pp4.8%above the sector's middle half▼ 0.9pp9.7%above the sector's middle half▲ 4.9pp
Staff (FTE)4.4within the sector's middle half▲ 7.3%4.4within the sector's middle half=4.3within the sector's middle half▼ 2.3%4.3within the sector's middle half=3.7within the sector's middle half▼ 14.0%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€10.0m€20.0m€30.0m€40.0mOperating result 2021: €12.3m€12.3mNet result 2021: €15.0m€15.0mOperating result 2022: €6.8m€6.8mNet result 2022: €5.5m€5.5mOperating result 2023: €15.5m€15.5mNet result 2023: €14.7m€14.7mOperating result 2024: €15.3m€15.3mNet result 2024: €12.3m€12.3mOperating result 2025: €35.2m€35.2mNet result 2025: €26.6m€26.6m20212022202320242025€0€10m€20m€30m€40mOperating result 2023: €15.5m€15mNet result 2023: €14.7m€15mOperating result 2024: €15.3m€15mNet result 2024: €12.3m€12mOperating result 2025: €35.2m€35mNet result 2025: €26.6m€27m202320242025
The operating result recovers in 2025; 2025 is 130% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €273.7m
Fixed assets €94.7m ▼ 7.3%
Current assets €179.0m ▲ 16.4%
Equity and liabilities €273.7m
Equity €108.3m ▲ 18.1%
Provisions €18.4m ▲ 47.6%
Debt €147.0m ▼ 3.1%
Debt's share of the balance-sheet total falls from 59.3% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€41.1m▲
2024 · €21.6m
Cash flow
€32.5m▲
2024 · €18.7m
Quick ratio
3.53▼
2024 · 3.75
Debt to equity
1.36▼
2024 · 1.65
ROE
24.5%▲
2024 · 13.5%
Interest coverage
11.85▲
2024 · 5.72
Debt ≤ 1 year
€50.5m▲
2024 · €40.9m
Debt > 1 year
€93.5m▼
2024 · €107.2m
Income taxes
€2.9m▼
2024 · €3.0m
Staff costs
€231,007▲
2024 · €209,353
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 98 lines
Balance sheet Code20242025
Assets
Total assets20/58€255.9m€273.7m▲
Fixed assets21/28€102.1m€94.7m▼
Tangible fixed assets22/27€88.0m€80.5m▼
Land and buildings22€87.7m€80.3m▼
Plant, machinery and equipment23€16,224€12,317▼
Assets under construction and advance payments27€260,878€113,447▼
Financial fixed assets28€14.2m€14.2m▲
Affiliated companies280/1€13.7m€13.7m▲
Participating interests280€13.7m€13.7m▲
Companies linked by participating interests282/3€506,744€503,605▼
Participating interests282€506,744€503,605▼
Other financial fixed assets284/8€4,497€4,497=
Shares284€2,075€2,075=
Amounts receivable and cash guarantees285/8€2,422€2,422=
Current assets29/58€153.8m€179.0m▲
Amounts receivable after more than one year29€5.0m€4.1m▼
Trade receivables290€5.0m€4.1m▼
Other amounts receivable291€7,639€7,639=
Stocks and contracts in progress3€625,000€625,000=
Contracts in progress37€625,000€625,000=
Amounts receivable within one year40/41€106.6m€133.6m▲
Trade receivables40€3.6m€3.5m▼
Other amounts receivable41€103.0m€130.2m▲
Current investments50/53€35.9m€35.9m=
Own shares50€35.9m€35.9m=
Other investments51/53€1€1=
Cash at bank and in hand54/58€956,338€390,527▼
Deferred charges and accrued income490/1€4.7m€4.3m▼
Equity and liabilities
Total equity and liabilities10/49€255.9m€273.7m▲
Equity10/15€91.7m€108.3m▲
Contributions10/11€7.7m€7.7m=
Capital10€7.7m€7.7m=
Issued capital100€7.7m€7.7m=
Reserves13€79.3m€97.2m▲
Non-distributable reserves130/1€36.7m€36.7m=
Legal reserve130€766,555€766,555=
Own shares acquired1312€35.9m€35.9m=
Other1319€10,572€10,572=
Tax-exempt reserves132€37.5m€55.3m▲
Distributable reserves133€5.1m€5.1m=
Profit (loss) carried forward14€4.7m€3.4m▼
Provisions and deferred taxes16€12.5m€18.4m▲
Deferred taxes168€12.5m€18.4m▲
Amounts payable17/49€151.7m€147.0m▼
Amounts payable after more than one year17€107.2m€93.5m▼
Financial debts170/4€107.1m€93.4m▼
Credit institutions173€107.1m€93.4m▼
Other amounts payable178/9€113,108€105,876▼
Amounts payable within one year42/48€40.9m€50.5m▲
Current portion of amounts payable after more than one year42€9.1m€19.4m▲
Financial debts43€15.0m€15.0m=
Other loans439€15.0m€15.0m=
Trade debts44€2.8m€1.3m▼
Suppliers440/4€2.8m€1.3m▼
Advances received on contracts in progress46€3,031€3,031=
Taxes, remuneration and social security45€1.4m€2.1m▲
Taxes450/3€1.4m€2.1m▲
Remuneration and social security454/9€13,999€17,135▲
Other amounts payable47/48€12.7m€12.8m▲
Accrued charges and deferred income492/3€3.6m€3.0m▼
Income statement Code20242025
Operating income70/76A€28.9m€48.2m▲
Turnover70€17.5m€16.6m▼
Other operating income74€4.2m€3.8m▼
Non-recurring operating income76A€7.3m€27.8m▲
Operating charges60/66A€13.6m€13.0m▼
Services and other goods61€5.7m€5.4m▼
Remuneration, social security and pensions62€209,353€231,007▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6.3m€5.9m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7,904-€6,487▲
Other operating charges640/8€1.3m€1.4m▲
Non-recurring operating charges66A€10,317€3,893▼
Operating profit (loss)9901€15.3m€35.2m▲
Financial income75/76B€5.0m€3.8m▼
Recurring financial income75€5.0m€3.8m▼
Income from financial fixed assets750€145,751€124,907▼
Income from current assets751€4.8m€3.7m▼
Other financial income752/9€89,349€4,610▼
Non-recurring financial income76B-€1,000
Financial charges65/66B€3.9m€3.6m▼
Recurring financial charges65€3.9m€3.6m▼
Debt charges650€3.8m€3.5m▼
Other financial charges652/9€86,181€90,138▲
Non-recurring financial charges66B-€903
Profit (loss) for the period before taxes9903€16.5m€35.5m▲
Transfer from deferred taxes780€724,340€953,715▲
Transfer to deferred taxes680€1.8m€6.9m▲
Income taxes67/77€3.0m€2.9m▼
Taxes670/3€3.0m€2.9m▼
Tax adjustments and reversals of tax provisions77€12,280-
Profit (loss) for the period9904€12.3m€26.6m▲
Transfer from tax-exempt reserves789€2.2m€2.9m▲
Transfer to tax-exempt reserves689€5.4m€20.7m▲
Profit (loss) for the period to be appropriated9905€9.1m€8.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906€14.7m€13.4m▼
Profit (loss) brought forward from the previous period14P€5.6m€4.7m▼
Profit to be distributed694/7€10.0m€10.0m=
Return on contributions (dividend)694€10.0m€10.0m=
Social balance
Average headcount (FTE)90874.33.7▼

The notes to these accounts (79 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€33.4m€19.7m€29.5m€28.9m€48.2m▲ 66.5%
Turnover70€23.9m€16.4m€17.6m€17.5m€16.6m▼ 4.9%
Other operating income74€2.7m€3.0m€3.8m€4.2m€3.8m▼ 10.1%
Non-recurring operating income76A€6.8m€295,000€8.1m€7.3m€27.8m▲ 282%
Operating charges60/66A€21.2m€12.9m€14.0m€13.6m€13.0m▼ 4.6%
Goods for resale, raw materials and consumables60€9.9m-----
Purchases600/8€9.9m-----
Services and other goods61€4.4m€5.0m€5.8m€5.7m€5.4m▼ 5.2%
Remuneration, social security and pensions62€117,573€180,530€204,521€209,353€231,007▲ 10.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5.5m€6.2m€6.5m€6.3m€5.9m▼ 6.7%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€31,523€11,828-€7,904-€6,487▲ 17.9%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€100,000-----
Other operating charges640/8€1.3m€1.1m€1.5m€1.3m€1.4m▲ 6.0%
Non-recurring operating charges66A€26,007€325,078€9,712€10,317€3,893▼ 62.3%
Operating profit (loss)9901€12.3m€6.8m€15.5m€15.3m€35.2m▲ 130%
Financial income75/76B€8.0m€3.4m€6.8m€5.0m€3.8m▼ 23.6%
Recurring financial income75€8.0m€3.4m€6.8m€5.0m€3.8m▼ 23.6%
Income from financial fixed assets750€7.0m€1.6m€3.0m€145,751€124,907▼ 14.3%
Income from current assets751€1.1m€1.8m€3.8m€4.8m€3.7m▼ 22.6%
Other financial income752/9€21,782€250€15,137€89,349€4,610▼ 94.8%
Non-recurring financial income76B----€1,000-
Financial charges65/66B€2.5m€3.0m€3.5m€3.9m€3.6m▼ 8.2%
Recurring financial charges65€2.5m€3.0m€3.5m€3.9m€3.6m▼ 8.2%
Debt charges650€2.5m€2.9m€3.4m€3.8m€3.5m▼ 8.5%
Other financial charges652/9€36,583€53,822€113,234€86,181€90,138▲ 4.6%
Non-recurring financial charges66B----€903-
Profit (loss) for the period before taxes9903€17.8m€7.2m€18.8m€16.5m€35.5m▲ 116%
Transfer from deferred taxes780€522,746€608,204€663,861€724,340€953,715▲ 31.7%
Transfer to deferred taxes680€1.7m€73,750€2.0m€1.8m€6.9m▲ 280%
Income taxes67/77€1.6m€2.3m€2.7m€3.0m€2.9m▼ 2.8%
Taxes670/3€1.6m€2.3m€2.7m€3.0m€2.9m▼ 3.2%
Tax adjustments and reversals of tax provisions77€3,398€0-€12,280--
Profit (loss) for the period9904€15.0m€5.5m€14.7m€12.3m€26.6m▲ 115%
Transfer from tax-exempt reserves789€1.6m€1.8m€2.0m€2.2m€2.9m▲ 31.7%
Transfer to tax-exempt reserves689€5.1m€221,250€6.0m€5.4m€20.7m▲ 280%
Profit (loss) for the period to be appropriated9905€11.4m€7.1m€10.7m€9.1m€8.7m▼ 3.9%
Line20212022202320242025Change
Assets
Total assets20/58€253.7m€261.6m€259.3m€255.9m€273.7m▲ 7.0%
Formation expenses20-€0€0---
Fixed assets21/28€114.9m€115.4m€108.9m€102.1m€94.7m▼ 7.3%
Intangible fixed assets21--€0---
Tangible fixed assets22/27€99.8m€101.3m€94.8m€88.0m€80.5m▼ 8.5%
Land and buildings22€97.2m€101.3m€94.7m€87.7m€80.3m▼ 8.4%
Plant, machinery and equipment23-€17,474€20,642€16,224€12,317▼ 24.1%
Furniture and vehicles24€7,344-----
Assets under construction and advance payments27€2.5m-€108,721€260,878€113,447▼ 56.5%
Financial fixed assets28€15.1m€14.1m€14.1m€14.2m€14.2m▲ 0.2%
Affiliated companies280/1€13.6m€13.6m€13.6m€13.7m€13.7m▲ 0.2%
Participating interests280€13.6m€13.6m€13.6m€13.7m€13.7m▲ 0.2%
Companies linked by participating interests282/3€1.5m€493,994€493,994€506,744€503,605▼ 0.6%
Participating interests282€1.5m€493,994€493,994€506,744€503,605▼ 0.6%
Other financial fixed assets284/8€4,497€4,497€4,497€4,497€4,497=
Shares284€2,075€2,075€2,075€2,075€2,075=
Amounts receivable and cash guarantees285/8€2,422€2,422€2,422€2,422€2,422=
Current assets29/58€138.9m€146.2m€150.4m€153.8m€179.0m▲ 16.4%
Amounts receivable after more than one year29€7.5m€6.7m€5.9m€5.0m€4.1m▼ 16.8%
Trade receivables290€7.3m€6.6m€5.8m€5.0m€4.1m▼ 16.8%
Other amounts receivable291€117,279€111,237€111,272€7,639€7,639=
Stocks and contracts in progress3€625,000€625,000€625,000€625,000€625,000=
Contracts in progress37€625,000€625,000€625,000€625,000€625,000=
Amounts receivable within one year40/41€50.0m€74.3m€86.4m€106.6m€133.6m▲ 25.4%
Trade receivables40€2.8m€1.3m€2.3m€3.6m€3.5m▼ 4.3%
Other amounts receivable41€47.2m€73.1m€84.0m€103.0m€130.2m▲ 26.4%
Current investments50/53€51.1m€43.9m€50.9m€35.9m€35.9m=
Own shares50€35.9m€35.9m€35.9m€35.9m€35.9m=
Other investments51/53€15.2m€8.0m€15.0m€1€1=
Cash at bank and in hand54/58€25.7m€15.2m€1.7m€956,338€390,527▼ 59.2%
Deferred charges and accrued income490/1€4.0m€5.5m€4.9m€4.7m€4.3m▼ 7.6%
Equity and liabilities
Total equity and liabilities10/49€253.7m€261.6m€259.3m€255.9m€273.7m▲ 7.0%
Equity10/15€88.1m€84.6m€89.4m€91.7m€108.3m▲ 18.1%
Contributions10/11€6.7m€7.7m€7.7m€7.7m€7.7m=
Capital10€6.7m€7.7m€7.7m€7.7m€7.7m=
Issued capital100€6.7m€7.7m€7.7m€7.7m€7.7m=
Reserves13€73.5m€72.0m€76.1m€79.3m€97.2m▲ 22.5%
Non-distributable reserves130/1€36.6m€36.7m€36.7m€36.7m€36.7m=
Legal reserve130€670,000€766,555€766,555€766,555€766,555=
Own shares acquired1312€35.9m€35.9m€35.9m€35.9m€35.9m=
Other1319€10,572€10,572€10,572€10,572€10,572=
Tax-exempt reserves132€31.8m€30.2m€34.2m€37.5m€55.3m▲ 47.6%
Distributable reserves133€5.1m€5.1m€5.1m€5.1m€5.1m=
Profit (loss) carried forward14€7.9m€4.9m€5.6m€4.7m€3.4m▼ 27.3%
Provisions and deferred taxes16€10.6m€10.1m€11.4m€12.5m€18.4m▲ 47.6%
Deferred taxes168€10.6m€10.1m€11.4m€12.5m€18.4m▲ 47.6%
Amounts payable17/49€155.0m€167.0m€158.5m€151.7m€147.0m▼ 3.1%
Amounts payable after more than one year17€114.3m€125.8m€116.6m€107.2m€93.5m▼ 12.8%
Financial debts170/4€114.2m€125.6m€116.5m€107.1m€93.4m▼ 12.8%
Credit institutions173€114.2m€125.6m€116.5m€107.1m€93.4m▼ 12.8%
Other amounts payable178/9€136,346€172,711€120,565€113,108€105,876▼ 6.4%
Amounts payable within one year42/48€38.6m€39.4m€40.1m€40.9m€50.5m▲ 23.6%
Current portion of amounts payable after more than one year42€7.7m€8.6m€9.0m€9.1m€19.4m▲ 114%
Financial debts43€15.1m€15.0m€15.0m€15.0m€15.0m=
Other loans439€15.1m€15.0m€15.0m€15.0m€15.0m=
Trade debts44€3.4m€2.6m€2.5m€2.8m€1.3m▼ 53.2%
Suppliers440/4€3.4m€2.6m€2.5m€2.8m€1.3m▼ 53.2%
Advances received on contracts in progress46€57,157€57,157€129,440€3,031€3,031=
Taxes, remuneration and social security45€139,674€428,420€1.0m€1.4m€2.1m▲ 49.0%
Taxes450/3€130,611€409,011€1.0m€1.4m€2.1m▲ 49.3%
Remuneration and social security454/9€9,063€19,408€1,163€13,999€17,135▲ 22.4%
Other amounts payable47/48€12.3m€12.7m€12.5m€12.7m€12.8m▲ 0.9%
Accrued charges and deferred income492/3€2.1m€1.8m€1.8m€3.6m€3.0m▼ 17.5%
Line20212022202320242025Change
Profit (loss) for the period9904€15.0m€5.5m€14.7m€12.3m€26.6m▲ 115%
+ Depreciation and write-downs630€5.5m€6.2m€6.5m€6.3m€5.9m▼ 6.7%
Operating cash flow (approximation)€20.5m€11.7m€21.3m€18.7m€32.5m▲ 73.9%
Investment in fixed assets (approximation)--€6.8m-€47,387€441,282€1.6m▲ 257%
Change in cash--€10.5m-€13.5m-€750,082-€565,811▲ 24.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
02-06
State Gazette act Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
  • General meeting, 05-05-2026
  • Auditor reappointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)
11-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2018net €26.6m ▲115%
Operating result €35.2m, net result €26.6m, both a record.
31-12
Financial Equity above €100mEq €108.3m ▲18.1%
8 profitable years in a row build equity to €108.3m.
09-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
24-04
State Gazette act Appointment: OMCG BV (director)
Permanent representative: Olivier Muylle3 facts ▸
  • General meeting, 03-03-2025
  • Director appointment, OMCG BV (director)
  • Permanent representative, Olivier Muylle
2024
13-05
NBB filing Annual accounts filed
fiscal year 2023 · full schema
07-05
State Gazette act Appointment: Urbino BV (director)
Permanent representative: Sven De Bondt · Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)4 facts ▸
  • General meeting, 02-05-2023
  • Director appointment, Urbino BV (director)
  • Permanent representative, Sven De Bondt
  • Auditor reappointment, Deloitte Bedrijfsrevisoren BV
2023
05-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-11
State Gazette act Capital & shares · Purpose · Statutes amendment
Capital increase · Share issue · Capital11 facts ▸
  • General meeting, 18-10-2022
  • Capital increase, €965.554
  • Share issue, aandelen zonder vermelding van nominale waarde, 343
  • Capital, €7.665.554
  • Purpose change, Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen ... [volledige tekst…
  • Statutes amendment
  • Power of attorney, Thomas Osselaer
  • Power of attorney, Katrien Debeil
  • Power of attorney, Celien De Couvreur
  • Power of attorney, Henk Cardon
  • Preemption waiver, Verzaking aan voorkeurrecht voor 343 nieuwe aandelen
23-08
State Gazette act Reappointments: Real Value Management, HLSC BV and T-LEX BV
Permanent representatives: Rikkert Leeman, Henk Cardon and Thomas Osselaer7 facts ▸
  • General meeting, 03-05-2022
  • Director reappointment, Real Value Management (director)
  • Permanent representative, Rikkert Leeman
  • Director reappointment, HLSC BV (director)
  • Permanent representative, Henk Cardon
  • Director reappointment, T-LEX BV (director)
  • Permanent representative, Thomas Osselaer
13-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Show earlier events
2021
28-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
18-01
State Gazette act Resignation: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
Appointment: Rik Neckebroeck (statutory auditor) · Director discharge · Power of attorney7 facts ▸
  • General meeting, 04-12-2020
  • Director resignation, Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
  • Director discharge, Ernst & Young Bedrijfsrevisoren BV
  • Auditor appointment, Rik Neckebroeck (statutory auditor)
  • Power of attorney, Thomas Osselaer
  • Power of attorney, Katrien Debeil
  • Power of attorney, Celien Couvreur
2020
28-08
State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
Registered-office move · Power of attorney8 facts ▸
  • Board meeting, 23-06-2020
  • Registered-office move, 9000 Gent, Foreestelaan 86 bus 201
  • Power of attorney, Katrien Debeil
  • Power of attorney, Celien De Couvreur
  • General meeting, 19-05-2020
  • Auditor reappointment, Ernst & Young Bedrijfsrevisoren BV
  • Power of attorney, Katrien Debeil
  • Power of attorney, Celien De Couvreur
14-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
03-09
State Gazette act Resignations: Insumat, Alides REIM and 2 others
Permanent representatives: Sophie Maes, Louis Verbeke and 2 others · Appointments: Thomas Osselaer, HLSC and T-Lex · Power of attorney18 facts ▸
  • General meeting, 07-05-2019
  • Director resignation, Insumat (managing director and director)
  • Permanent representative, Sophie Maes
  • Director resignation, Alides REIM (director)
  • Permanent representative, Louis Verbeke
  • Director appointment, Thomas Osselaer (director)
  • Power of attorney, Thomas Osselaer
  • General meeting, 01-07-2019
  • Director resignation, Henk Cardon (director)
  • Director resignation, Thomas Osselaer (director)
  • Director appointment, HLSC (director)
  • Permanent representative, Henk Cardon
  • +6 further facts in this act
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
22-07
State Gazette act Statutes amendment
Name change3 facts ▸
  • General meeting, 30-06-2016
  • Name change, ALIDES PROPERTIES
  • Statutes amendment
01-04
State Gazette act Appointments: Real Value Management BVBA (director) and Henk Cardon (director)
Permanent representative: Rikkert Leeman4 facts ▸
  • General meeting, 26-01-2016
  • Director appointment, Real Value Management BVBA (director)
  • Permanent representative, Rikkert Leeman
  • Director appointment, Henk Cardon (director)
2015
31-12
State Gazette act Permanent representative: Sophie Maes
Approval3 facts ▸
  • General meeting, 15-12-2015
  • Approval, goedkeuring van bepalingen die van toepassing zijn ingeval van een controlewijziging of openbaar overnamebod
  • Permanent representative, Sophie Maes
20-11
State Gazette act Miscellaneous
Statutes amendment2 facts ▸
  • General meeting, 30-06-2015
  • Statutes amendment
16-07
State Gazette act Appointments: Sophie Maes, Real Value Management BVBA and Henk Cardon
Permanent representative: Rikkert Leeman6 facts ▸
  • General meeting, 05-05-2015
  • Director appointment, Sophie Maes (director)
  • Board meeting, 29-06-2015
  • Director appointment, Real Value Management BVBA (member of the executive committee)
  • Permanent representative, Rikkert Leeman
  • Director appointment, Henk Cardon (member of the executive committee)
01-06
State Gazette act Capital & shares · Statutes amendment
Share classification · Capital4 facts ▸
  • General meeting, 11-05-2015
  • Share classification, Vaststelling van de aard van de aandelen
  • Statutes amendment
  • Capital, €6.700.000
16-01
State Gazette act Reappointment: Ernst & Young (statutory auditor)
Permanent representatives: Marleen Mannekens and Sophie MAES4 facts ▸
  • General meeting, 06-05-2014
  • Auditor reappointment, Ernst & Young (statutory auditor)
  • Permanent representative, Marleen Mannekens
  • Permanent representative, Sophie MAES
2013
30-07
State Gazette act Resignations: C.M.V. BVBA (director) and Sophie Maes (director)
Appointments: Insumat NV (director) and Orelio NV (director) · Permanent representatives: Sophie Maes and Louis Verbeke11 facts ▸
  • General meeting, 07-05-2013
  • Director resignation, C.M.V. BVBA (director)
  • Director resignation, Sophie Maes (director)
  • Director appointment, Insumat NV (director)
  • Director appointment, Orelio NV (director)
  • Board meeting, 09-04-2013
  • Permanent representative, Sophie Maes
  • Board meeting, 23-04-2013
  • Permanent representative, Louis Verbeke
  • Board meeting, 07-05-2013
  • Director appointment, Insumat NV (managing director)
2012
26-04
State Gazette act Capital & shares
Share purchase · Reserve creation3 facts ▸
  • General meeting, 31-12-2011
  • Share purchase, aandelen ingekocht maar niet vernietigd en voorlopig aan te houden, 23958
  • Reserve creation, inkoop eigen aandelen
20-02
State Gazette act Reappointment: Grant Thornton, Lippens & Rabaey (statutory auditor)
2 facts ▸
  • General meeting, 03/05/2011
  • Auditor reappointment, Grant Thornton, Lippens & Rabaey (statutory auditor)
2010
16-07
State Gazette act Capital & shares · Statutes amendment · Restructuring
Merger · Dissolution · Accounting effect14 facts ▸
  • General meeting, 28-06-2010
  • Merger
  • Dissolution, 28-06-2010
  • Accounting effect, 01-01-2010
  • Capital increase, €179.774,79
  • Share issue, gewone aandelen zonder nominale waarde, 453
  • Share cancellation, 137749, aandelen reeds in bezit van overnemende vennootschap
  • Capital increase, €29.777,21
  • Capital, €6.700.000
  • Statutes amendment
  • Exchange ratio, 16:1
  • Share surrender, 7251, 453
  • +2 further facts in this act
25-05
State Gazette act Miscellaneous
Merger1 fact ▸
  • Merger
2003
27-06
State Gazette act Appointments: Sophie Maes, BVBA C.M.V. and 2 others
Permanent representatives: Christophe Maes, Roland Maes and Aleidus Bosman12 facts ▸
  • General meeting, 06-05-2003
  • Director appointment, Sophie Maes (director)
  • Director appointment, BVBA C.M.V. (director)
  • Permanent representative, Christophe Maes
  • Director appointment, NV SATURNO (director)
  • Permanent representative, Roland Maes
  • Director appointment, AG DUREX (director)
  • Permanent representative, Aleidus Bosman
  • Board meeting, 06-05-2003
  • Director appointment, Sophie Maes (chair of the board)
  • Director appointment, Sophie Maes (managing director)
  • Director appointment, BVBA C.M.V. (managing director)
17-02
State Gazette act Appointments: Sophie Maes (managing director) and bvba C.M.V. (managing director)
3 facts ▸
  • Board meeting, 02-07-2002
  • Director appointment, Sophie Maes (managing director)
  • Director appointment, bvba C.M.V. (managing director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
22 of 22 acts read

Directors · office · real estate

Directors
5 directors, no change since 2025

Board 5

Real Value Management
Director · since 01-02-2016 · Private limited company · perm. rep.: Rikkert Leeman
Current
HLSC
Director · since 01-07-2019 · Private limited company · perm. rep.: Henk Cardon
Current
T-Lex
Director · since 01-07-2019 · Private limited company · perm. rep.: Thomas Osselaer
Current
URBINO
Director · since 02-05-2023 · Private limited company · perm. rep.: Sven De Bondt
Current
OMCG
Director · since 03-03-2025 · Private limited company
Current
4 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
AG DUREX
Director · since 06-05-2003 · Legal entity · perm. rep.: Aleidus Bosman
Not recently confirmed
BVBA C.M.V.
Director · since 06-05-2003 · Legal entity · perm. rep.: Christophe Maes
Not recently confirmed
NV Saturno
Director · since 06-05-2003 · Legal entity · perm. rep.: Roland Maes
Not recently confirmed
Sophie Maes
Director · since 05-05-2015
Not recently confirmed

Day-to-day management 2

BVBA C.M.V.
Managing director · since 02-07-2002 · Legal entity · perm. rep.: Christophe Maes
Not recently confirmed
Real Value Management
Member of the executive committee · since 01-07-2015 · Private limited company · perm. rep.: Rikkert Leeman
Not recently confirmed

Permanent representatives 4

Rikkert Leeman
Permanent representative · since 01-02-2016 · for Real Value Management
Current
Henk Cardon
Permanent representative · since 01-07-2019 · for HLSC
Current
Thomas Osselaer
Permanent representative · since 01-07-2019 · for T-Lex
Current
Sven De Bondt
Permanent representative · since 02-05-2023 · for URBINO
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Aleidus Bosman
Permanent representative · since 06-05-2003 · for AG DUREX
Not recently confirmed
Christophe Maes
Permanent representative · since 06-05-2003 · for BVBA C.M.V.
Not recently confirmed
Roland Maes
Permanent representative · since 06-05-2003 · for NV Saturno
Not recently confirmed

Statutory auditor 1

DELOITTE Bedrijfsrevisoren BV
Statutory auditor · since 01-01-2023 · perm. rep.: Ben Vandeweyer
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1975
seat establishment The establishment unit on the map
Ground area
7,465 m²
Building footprint
1,076 m²
Volume, LiDAR
5,447 m³
Parcel 44808H0746/00B000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
49 companies at this address See who is registered here
1 establishment unit
ALIDES
Foreestelaan 86, 9000 GentActivities of head offices; management consultancy activities
since 19752.011.158.705
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44808H0746/00B000 Flanders 7,465 m² 1 · 1,075 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

17 people since 2002, 10 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
Mandates per person, with start and end dates
Name Functions and periods
Real Value Management
  • Member of the executive committee, from 01-07-2015 not ended, last confirmed 16-07-2015
  • Director, from 01-02-2016 to date
HLSC
  • Director, from 01-07-2019 to date
T-Lex
  • Director, from 01-07-2019 to date
URBINO
  • Director, from 02-05-2023 to date
OMCG
  • Director, from 03-03-2025 to date
DELOITTE Bedrijfsrevisoren BV
  • Statutory auditor, from 01-01-2023 to date
BVBA C.M.V.
  • Managing director, from 02-07-2002 not ended, last confirmed 27-06-2003
  • Director, from 06-05-2003 not ended, last confirmed 27-06-2003
Sophie Maes
  • Managing director, from 02-07-2002 ended, last mentioned 27-06-2003
  • Chair of the board, from 06-05-2003 ended, last mentioned 27-06-2003
  • Director, from 06-05-2003 to 07-05-2013
  • Director, from 05-05-2015 not ended, last confirmed 16-07-2015
AG DUREX
  • Director, from 06-05-2003 not ended, last confirmed 27-06-2003
NV Saturno
  • Director, from 06-05-2003 not ended, last confirmed 27-06-2003
Rik Neckebroeck
  • Statutory auditor, from 31-12-2020 to 01-01-2023
Ernst et Young Reviseurs d'Entreprises
  • Auditor, from 06-05-2014 to 31-12-2020
Henk Cardon
  • Member of the executive committee, from 01-07-2015 ended, last mentioned 16-07-2015
  • Director, from 01-02-2016 to 01-07-2019
Thomas Osselaer
  • Director, from 07-05-2019 to 01-07-2019
ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT
  • Director, from 07-05-2013 to 07-05-2019
INSUMAT
  • Director, from 07-05-2013 to 07-05-2019
  • Managing director, from 07-05-2013 to 07-05-2019
Grant Thornton, Lippens & Rabaey
  • Statutory auditor, from 20-02-2012 to 06-05-2014
See the board, name and seat on a given date →

Articles of association

Purpose
Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... Het leveren van diensten m.b.t. goederen van derden... Het aanleggen, het oordeelkundig…
Full purpose

Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... Het leveren van diensten m.b.t. goederen van derden... Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... Het verwerven van participaties... Het toestaan van leningen... Het verlenen van adviezen... Het waarnemen van alle bestuursopdrachten... Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien... Het verlenen van diensten en adviezen... Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten...

Structure & network

Part of the group ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT 22 companies Group, risk and exposure

Owners and holdings

1 owner · 12 holdings

Chain of control

  1. ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT 80.06%
  2. ALIDES PROPERTIES

Highest known parent: ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT. The sources do not say who stands above it.

Owners 1

Holdings 12

Show 2 more holdings

According to the 2025 annual accounts of ALIDES PROPERTIES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

6 connected companies
Linked via shared directors
Alides Land
Shared director
→
AALTERPAINT HOLDING
Shared corporate director
→
ALGEMENE BOUW MAES
Shared corporate director
→
ALIDES DEVELOPMENT
Shared corporate director
→
Show 2 more companies with a shared director
Montea Management
Shared corporate director
→

Acquisitions and mergers

1 transaction
Took over:INVESTATE
BE 0436.836.629State Gazette act of 16-07-2010 (2 acts)

Capital and shareholders

Capital over the years
  1. 30-11-2022 Capital increase of 965,554 EUR · to 7,665,554 EUR · in kind
  2. 01-06-2015 Capital stated in the act · 6,700,000 EUR · 119,794 shares
  3. 16-07-2010 Capital increase of 179,774.79 EUR · to 6,670,222.79 EUR · 453 new shares
  4. 16-07-2010 Capital increase of 29,777.21 EUR · to 6,700,000 EUR · from reserves

Subsidies and aid

European Union, budget

2021 to 2025 · 6 entries · 115,185 EUR in total
Year Entries awarded
2025 3 60,143 EUR
2024 1 31,286 EUR
2021 2 23,756 EUR
Projects
OTHER EXPENDITURE RELATED TO BUILDINGS
Linked to buildings · 01-01-2025 to 31-03-2026 · 60,143 EUR
FRAIS D'ASSURANCES
Linked to buildings · 16-09-2024 to 16-08-2028 · 31,286 EUR
EAU, GAZ, ÉLECTRICITÉ ET CHAUFFAGE
Linked to buildings · 01-02-2021 to 31-12-2022 · 23,756 EUR
REDEVANCES DE BIENS IMMOBILIERS
Rents and purchases · 01-12-2021 to 31-12-2021

Recognitions · licences · registrations

Legal Entity Identifier

5493003ITASEJJLO8E61
live in the LEI register

Similar companies · same sector, comparable size

Of 9,141 companies in this sector we hold annual accounts for 6,773. 292 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded25-06-1975
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0415188902

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.