CBRE GWS Belgium
ActiveSummary
CBRE GWS Belgium has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.4m and a net result of €65,288. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 32% of 4814 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability48▼-7
Solvency38=
Growth50▼-18
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.16 in 2023; short-term debt: 77.1% and cash: 6.2% of total assets), and 87.1% 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 · 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 2024Solvency, return and age of the figures
Solvency
12.9%
Return on assets
0.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
26 d early
2022
17 d early
2021
72 d late
2020
31 d early
2019
292 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 45 days after 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 (1)
History
On 13 February 2015, CBRE GWS Belgium was incorporated, with a starting capital of EUR 61,500.12 In 2015 the company took the name CBRE GWS Belgium.3 The capital was increased 3 times between 2015 and 2019, most recently to EUR 7.1 million.456 In 2016 the registered office moved to Diegem.7 CBRE CORPORATE OUTSOURCING was merged into the company in 2019.6 Of the 5 current board members, Raf Van den Bergh has served longest, since 2021.8
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Financials · fiscal year 2024, full schema
In the rankings
#1 employer in Flemish Brabant, Real estate sector#2 company by total assets in Machelen, Real estate sector#8 company by equity in Machelen, Real estate sector
Turnover
€102.4m▲ 0.5%
2023 · €101.9m
EBIT margin
0.9%▼ 0.1pp
2023 · 1.0%
Net result
€65,288▼ 82.0%
2023 · €362,962
Working capital
€9.0m▲ 68.5%
2023 · €5.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€123.2m▲ 12.3%€117.3m▼ 4.8%€107.3m▼ 8.6%€101.9m▼ 5.0%€102.4m▲ 0.5%
Operating result€883,858▲ 16.7%€971,595▲ 9.9%€976,503▲ 0.5%€970,468▼ 0.6%€910,908▼ 6.1%
Net result€346,081above the sector's middle half▲ 109%€102,197within the sector's middle half▼ 70.5%€149,592within the sector's middle half▲ 46.4%€362,962above the sector's middle half▲ 143%€65,288within the sector's middle half▼ 82.0%
EBIT margin0.7%=0.8%▲ 0.1pp0.9%▲ 0.1pp1.0%=0.9%▼ 0.1pp
Equity€4.7mabove the sector's middle half▲ 7.9%€4.8mabove the sector's middle half▲ 2.2%€5.0mabove the sector's middle half▲ 3.1%€5.3mabove the sector's middle half▲ 7.3%€5.4mabove the sector's middle half▲ 1.2%
Total assets€48.8mabove the sector's middle half▼ 31.4%€46.4mabove the sector's middle half▼ 4.9%€51.1mabove the sector's middle half▲ 10.2%€40.2mabove the sector's middle half▼ 21.4%€41.8mabove the sector's middle half▲ 3.9%
Debt€37.1m▼ 33.9%€37.6m▲ 1.4%€40.2m▲ 6.9%€34.9m▼ 13.3%€35.5m▲ 1.8%
Working capital€11.3m▼ 23.6%€8.6m▼ 23.9%€11.8m▲ 36.1%€5.3m▼ 54.5%€9.0m▲ 68.5%
Solvency9.7%within the sector's middle half▲ 3.5pp10.4%within the sector's middle half▲ 0.7pp9.7%within the sector's middle half▼ 0.7pp13.3%within the sector's middle half▲ 3.5pp12.9%within the sector's middle half▼ 0.3pp
Staff (FTE)332.1above the sector's middle half▲ 0.5%332.8above the sector's middle half▲ 0.2%317.9above the sector's middle half▼ 4.5%267.2above the sector's middle half▼ 15.9%269.9above the sector's middle half▲ 1.0%
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
The operating result has fallen two years in a row; 2024 is 6% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €41.8m
Fixed assets
€576,425 ▼ 17.9%
Current assets
€41.2m ▲ 4.3%
Equity and liabilities €41.8m
Equity
€5.4m ▲ 1.2%
Provisions
€870,658
Debt
€35.5m ▲ 1.8%
Debt's share of the balance-sheet total falls from 86.7% to 85.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.1m▼
2023 · €1.1m
Cash flow
€205,185▼
2023 · €496,455
Current ratio
1.28▲
2023 · 1.16
Debt to equity
6.57▲
2023 · 6.53
ROE
1.2%▼
2023 · 6.8%
ROA
0.2%▼
2023 · 0.9%
Interest coverage
5.00▼
2023 · 32.77
Debt ≤ 1 year
€32.2m▼
2023 · €34.2m
Income taxes
€626,869▲
2023 · €580,275
Staff costs
€31.5m▼
2023 · €36.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 293 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 98% are still going.
- Large
- solvency 10 to 30%
- a profit under 5% of the balance sheet
- without age
1.4%
went bankrupt
1.0%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 293 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €118.8m | €112.8m | €104.7m | €102.9m | ▼ 1.7% |
| Turnover70 | €123.2m | €117.3m | €107.3m | €101.9m | €102.4m | ▲ 0.5% |
| Own construction capitalised72 | - | - | - | €35,000 | €0 | ▼ 100% |
| Other operating income74 | - | €1.4m | €5.5m | €2.7m | €0 | ▼ 100% |
| Non-recurring operating income76A | - | - | - | - | €410,815 | - |
| Operating charges60/66A | - | €117.8m | €111.8m | €103.7m | €101.9m | ▼ 1.7% |
| Goods for resale, raw materials and consumables60 | - | €80.0m | €69.1m | €64.2m | €65.1m | ▲ 1.5% |
| Purchases600/8 | - | €80.0m | €69.1m | €64.2m | €65.1m | ▲ 1.5% |
| Services and other goods61 | - | €8.7m | €8.5m | €8.3m | €3.8m | ▼ 53.9% |
| Remuneration, social security and pensions62 | - | €31.9m | €31.9m | €36.5m | €31.5m | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €355,729 | €187,601 | €195,050 | €133,492 | €139,898 | ▲ 4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€160,756 | €984 | €140,770 | -€32,597 | ▼ 123% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€3.0m | €2.0m | -€6.0m | €870,658 | ▲ 115% |
| Other operating charges640/8 | - | €168,359 | €43,723 | €431,720 | €466,139 | ▲ 8.0% |
| Non-recurring operating charges66A | - | - | - | - | €30,676 | - |
| Operating profit (loss)9901 | €883,858 | €971,595 | €976,503 | €970,468 | €910,908 | ▼ 6.1% |
| Financial income75/76B | - | €22,542 | €28,898 | €43,400 | €32,216 | ▼ 25.8% |
| Recurring financial income75 | €19,655 | €22,542 | €28,898 | €43,400 | €32,216 | ▼ 25.8% |
| Income from financial fixed assets750 | - | €13,121 | €14,201 | €33,775 | €4,123 | ▼ 87.8% |
| Other financial income752/9 | - | €9,422 | €14,697 | €9,625 | €28,094 | ▲ 192% |
| Financial charges65/66B | - | €74,279 | €51,747 | €70,631 | €250,967 | ▲ 255% |
| Recurring financial charges65 | €47,630 | €74,279 | €51,747 | €70,631 | €250,967 | ▲ 255% |
| Debt charges650 | €19,231 | €7,336 | €952 | €33,689 | €210,282 | ▲ 524% |
| Other financial charges652/9 | - | €66,943 | €50,795 | €36,941 | €40,685 | ▲ 10.1% |
| Profit (loss) for the period before taxes9903 | €855,882 | €919,858 | €953,655 | €943,237 | €692,157 | ▼ 26.6% |
| Income taxes67/77 | €509,802 | €817,661 | €804,063 | €580,275 | €626,869 | ▲ 8.0% |
| Taxes670/3 | - | €817,661 | €804,063 | €631,646 | €626,869 | ▼ 0.8% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €51,371 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €346,081 | €102,197 | €149,592 | €362,962 | €65,288 | ▼ 82.0% |
| Profit (loss) for the period to be appropriated9905 | €346,081 | €102,197 | €149,592 | €362,962 | €65,288 | ▼ 82.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48.8m | €46.4m | €51.1m | €40.2m | €41.8m | ▲ 3.9% |
| Fixed assets21/28 | €330,648 | €143,047 | €213,639 | €702,040 | €576,425 | ▼ 17.9% |
| Tangible fixed assets22/27 | €330,648 | €143,047 | €213,639 | €702,040 | €576,425 | ▼ 17.9% |
| Furniture and vehicles24 | - | €143,047 | €213,639 | €137,461 | €57,360 | ▼ 58.3% |
| Other tangible fixed assets26 | - | - | - | €554,676 | €519,066 | ▼ 6.4% |
| Assets under construction and advance payments27 | - | - | - | €9,903 | €0 | ▼ 100% |
| Current assets29/58 | €48.5m | €46.3m | €50.9m | €39.5m | €41.2m | ▲ 4.3% |
| Amounts receivable after more than one year29 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €0 | - | - | - | - |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €39.4m | €32.3m | €35.0m | €34.3m | €38.3m | ▲ 11.6% |
| Trade receivables40 | - | €32.3m | €35.0m | €33.0m | €35.8m | ▲ 8.6% |
| Other amounts receivable41 | - | €0 | €52,564 | €1.3m | €2.5m | ▲ 85.4% |
| Cash at bank and in hand54/58 | €8.1m | €13.0m | €14.9m | €4.9m | €2.6m | ▼ 46.3% |
| Deferred charges and accrued income490/1 | - | €944,794 | €980,092 | €319,835 | €283,540 | ▼ 11.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48.8m | €46.4m | €51.1m | €40.2m | €41.8m | ▲ 3.9% |
| Equity10/15 | €4.7m | €4.8m | €5.0m | €5.3m | €5.4m | ▲ 1.2% |
| Contributions10/11 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Capital10 | - | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Issued capital100 | - | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Reserves13 | €139,814 | €144,923 | €152,403 | €170,551 | €173,815 | ▲ 1.9% |
| Non-distributable reserves130/1 | - | €144,923 | €152,403 | €170,551 | €173,815 | ▲ 1.9% |
| Legal reserve130 | - | €144,923 | €152,403 | €170,551 | €173,815 | ▲ 1.9% |
| Profit (loss) carried forward14 | €19,635 | €116,722 | €258,834 | €603,649 | €665,672 | ▲ 10.3% |
| Provisions and deferred taxes16 | €7.0m | €4.0m | €6.0m | €0 | €870,658 | - |
| Provisions for liabilities and charges160/5 | - | €4.0m | €6.0m | €0 | €870,658 | - |
| Pensions and similar obligations160 | - | €72,453 | €34,933 | €0 | - | - |
| Other liabilities and charges164/5 | - | €3.9m | €5.9m | €0 | €870,658 | - |
| Amounts payable17/49 | €37.1m | €37.6m | €40.2m | €34.9m | €35.5m | ▲ 1.8% |
| Amounts payable within one year42/48 | €37.1m | €37.6m | €39.2m | €34.2m | €32.2m | ▼ 5.8% |
| Financial debts43 | - | - | - | €3.5m | €3.3m | ▼ 6.8% |
| Other loans439 | - | - | - | €3.5m | €3.3m | ▼ 6.8% |
| Trade debts44 | €30.9m | €31.3m | €31.2m | €20.1m | €22.9m | ▲ 13.8% |
| Suppliers440/4 | - | €31.3m | €31.2m | €20.1m | €22.9m | ▲ 13.8% |
| Advances received on contracts in progress46 | - | - | - | €2.5m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €6.3m | €8.0m | €7.1m | €6.0m | ▼ 15.1% |
| Taxes450/3 | - | €2.0m | €2.0m | €1.7m | €1.3m | ▼ 22.9% |
| Remuneration and social security454/9 | - | €4.4m | €6.0m | €5.3m | €4.7m | ▼ 12.6% |
| Other amounts payable47/48 | - | €0 | €7,494 | €966,423 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €0 | €1.0m | €706,205 | €3.3m | ▲ 368% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €346,081 | €102,197 | €149,592 | €362,962 | €65,288 | ▼ 82.0% |
| + Depreciation and write-downs630 | €355,729 | €187,601 | €195,050 | €133,492 | €139,898 | ▲ 4.8% |
| Operating cash flow (approximation) | €701,810 | €289,798 | €344,642 | €496,455 | €205,185 | ▼ 58.7% |
| Investment in fixed assets (approximation) | - | €0 | -€265,642 | -€621,893 | -€14,283 | ▲ 97.7% |
| Change in cash | - | €4.9m | €1.9m | -€10.1m | -€2.3m | ▲ 77.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
20-05
State Gazette act
Appointment: Gregory Demoor (directeur belast met het dagelijks bestuur)Mandate term · Power limitation4 facts ▸
State Gazette act
Appointment: Gregory Demoor (directeur belast met het dagelijks bestuur)
Mandate term · Power limitation4 facts ▸
- Board meeting, 09-04-2026
- Director appointment, Gregory Demoor (directeur belast met het dagelijks bestuur)
- Mandate term, tot 31/12/2028
- Power limitation, maximum 15.000.000 EUR voor het aangaan van contracten en opdrachten aangaande producten en diensten (punt 7) en voor het ondernemen van juridische stappen als…
20-01
State Gazette act
Resignation: Matthew Forbes (director)Appointments: Elena Gifon (director) and KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representative: Paul Dreezen · Mandate compensation6 facts ▸
State Gazette act
Resignation: Matthew Forbes (director)
Appointments: Elena Gifon (director) and KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representative: Paul Dreezen · Mandate compensation6 facts ▸
- General meeting, 23-12-2025
- Director resignation, Matthew Forbes (director)
- Director appointment, Elena Gifon (director)
- Mandate compensation, Elena Gifon
- Auditor appointment, KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
- Permanent representative, Paul Dreezen (company auditor)
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
24-06
State Gazette act
Resignation: Peter De Maeschalck (director)Appointment: Jan De Bie (director) · Mandate compensation · Share concentration5 facts ▸
State Gazette act
Resignation: Peter De Maeschalck (director)
Appointment: Jan De Bie (director) · Mandate compensation · Share concentration5 facts ▸
- General meeting, 05-06-2025
- Director resignation, Peter De Maeschalck (director)
- Director appointment, Jan De Bie (director)
- Mandate compensation, Jan De Bie
- Share concentration, Vaststelling dat alle aandelen in één hand zijn verenigd en neerlegging van de identiteit van de enige aandeelhouder in het vennootschapsdossier ter griffie van…
23-04
State Gazette act
Capital & shares · RestructuringDemerger · Share issue · Capital decrease8 facts ▸
State Gazette act
Capital & shares · Restructuring
Demerger · Share issue · Capital decrease8 facts ▸
- General meeting, 01-04-2025
- Demerger, partial split by absorption, 01-04-2025
- Share issue, new shares, 779199
- Capital decrease, €12.414,34
- Reserve release, 480.75, Wettelijke reserves
- Capital, €4.551.559,66
- Accounting effect, 01-01-2025
- Reserve release, 1961.91, Overgedragen winsten
25-02
State Gazette act
Capital & shares · Restructuring · MiscellaneousDemerger · Share issue · Accounting effect7 facts ▸
State Gazette act
Capital & shares · Restructuring · Miscellaneous
Demerger · Share issue · Accounting effect7 facts ▸
- Demerger, met splitsing gelijkgestelde rechtshandeling, 779.199
- Share issue, 779.199, vergoeding van de overgang van de Actieve en Passiva van de Splitsende Vennootschap
- Accounting effect, 01-01-2025
- Profit participation, 01-04-2025
- Cash premium, none
- Book value, EUR 14.857
- Equity, 274.744 aandelen per 31 december 2024
2024
31-12
Financial
Weakest financial yearnet €65,288 ▼82%
Net result drops to €65,288, the lowest in the series.
05-08
State Gazette act
Appointment: Gregory Demoor (directeur belast met het dagelijks bestuur)2 facts ▸
State Gazette act
Appointment: Gregory Demoor (directeur belast met het dagelijks bestuur)
2 facts ▸
- Board meeting, 05-06-2024
- Director appointment, Gregory Demoor (directeur belast met het dagelijks bestuur)
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
05-04
State Gazette act
Resignation: Simon O'Neil (director)Appointment: Peter De Maesschalck (director) · Mandate compensation · Power of attorney8 facts ▸
State Gazette act
Resignation: Simon O'Neil (director)
Appointment: Peter De Maesschalck (director) · Mandate compensation · Power of attorney8 facts ▸
- General meeting, 20-11-2023
- Director resignation, Simon O'Neil (director)
- Director appointment, Peter De Maesschalck (director)
- Mandate compensation, Peter De Maesschalck
- Power of attorney, Mazars ALTOS BV
- Board meeting, 11-12-2023
- Power of attorney, Evan Van Campenhout (delegatie van bevoegdheden)
- Power of attorney, Mazars ALTOS BV
2023
31-12
Financial
Highest result since 2018net €362,962 ▲143%
Net result €362,962, the highest in the series.
31-12
Financial
Equity above €5mEq €5.3m ▲7.3%
6 profitable years in a row build equity to €5.3m.
Show earlier events
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
07-03
State Gazette act
Appointment: Raf Van den Bergh (managing director)Mandate compensation · Power of attorney · Seat relocation6 facts ▸
State Gazette act
Appointment: Raf Van den Bergh (managing director)
Mandate compensation · Power of attorney · Seat relocation6 facts ▸
- Board meeting, 14/02/2023
- Director appointment, Raf Van den Bergh (managing director)
- Mandate compensation, Raf Van den Bergh
- Power of attorney, Catherine Wailly
- Power of attorney, Bram Busselot
- Seat relocation, zetelverplaatsing
25-01
State Gazette act
Appointment: BDO BEDRIJFSREVISOREN BV (statutory auditor)Permanent representative: Manuel Soria Machado · Power of attorney · Registered-office move8 facts ▸
State Gazette act
Appointment: BDO BEDRIJFSREVISOREN BV (statutory auditor)
Permanent representative: Manuel Soria Machado · Power of attorney · Registered-office move8 facts ▸
- General meeting, 20-12-2022
- Auditor appointment, BDO BEDRIJFSREVISOREN BV (statutory auditor)
- Permanent representative, Manuel Soria Machado
- Power of attorney, Mazars ALTOS BV
- Board meeting, 03-01-2023
- Registered-office move, Hermeslaan 9, 1831 Diegem
- Power of attorney, Raf Van den Bergh
- Power of attorney, Mazars ALTOS BV
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 72 days late
03-05
State Gazette act
Statutes amendmentCapital4 facts ▸
State Gazette act
Statutes amendment
Capital4 facts ▸
- General meeting, 27-04-2022
- Statutes amendment
- Statutes amendment
- Capital, €4.563.974
2021
13-12
State Gazette act
Resignation: Anne Maria Goovaerts (people director belux)Power of attorney3 facts ▸
State Gazette act
Resignation: Anne Maria Goovaerts (people director belux)
Power of attorney3 facts ▸
- Board meeting, 03-12-2021
- Director resignation, Anne Maria Goovaerts (people director belux)
- Power of attorney, Evan Van Campenhout
19-11
State Gazette act
Resignations & appointmentsDelegation · Power of attorney5 facts ▸
State Gazette act
Resignations & appointments
Delegation · Power of attorney5 facts ▸
- Board meeting, 04-11-2021
- Delegation, delegatie van alle bevoegdheden aangaande de activiteiten van de vennootschap zoals bedoeld in de Wet van 2 oktober 2017 tot regeling van de bijzondere en priva…
- Power of attorney, Véronique Ryckaert
- Power of attorney, Catherine Wailly
- Power of attorney, Bram Busselot
28-07
State Gazette act
Resignations: Tony Brearley (director) and Paul Skertchly (director)Appointments: Simon O'Neil, Matthew Forbes and Raf van Den Bergh · Mandate compensation · Power of attorney9 facts ▸
State Gazette act
Resignations: Tony Brearley (director) and Paul Skertchly (director)
Appointments: Simon O'Neil, Matthew Forbes and Raf van Den Bergh · Mandate compensation · Power of attorney9 facts ▸
- Director resignation, Tony Brearley (director)
- Director resignation, Paul Skertchly (director)
- Director appointment, Simon O'Neil (director)
- Director appointment, Matthew Forbes (director)
- Director appointment, Raf van Den Bergh (director)
- Mandate compensation, Simon O'Neil
- Mandate compensation, Matthew Forbes
- Mandate compensation, Raf van Den Bergh
- Power of attorney, Mazars ALTOS BV
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 292 days late
17-05
State Gazette act
Resignation: Russell Turley (algemeen directeur belast met dagelijks bestuur)Appointment: Raf Van den Bergh (algemeen directeur belast met dagelijks bestuur) · Power of attorney4 facts ▸
State Gazette act
Resignation: Russell Turley (algemeen directeur belast met dagelijks bestuur)
Appointment: Raf Van den Bergh (algemeen directeur belast met dagelijks bestuur) · Power of attorney4 facts ▸
- Board meeting, 22-03-2021
- Director resignation, Russell Turley (algemeen directeur belast met dagelijks bestuur)
- Director appointment, Raf Van den Bergh (algemeen directeur belast met dagelijks bestuur)
- Power of attorney, Mazars ALTOS BV
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 456 days late
14-07
State Gazette act
Appointment: Russell Turley (algemeen directeur)Power of attorney3 facts ▸
State Gazette act
Appointment: Russell Turley (algemeen directeur)
Power of attorney3 facts ▸
- Board meeting, 01-06-2020
- Director appointment, Russell Turley (algemeen directeur (dagelijks bestuur))
- Power of attorney, Anne Maria Goovaerts
16-06
State Gazette act
Resignations: Claire Lloyd, Bart Wallyn and Paul Saville-KingAppointments: Tony Brearley (director) and Paul Skertchly (director) · Mandate compensation7 facts ▸
State Gazette act
Resignations: Claire Lloyd, Bart Wallyn and Paul Saville-King
Appointments: Tony Brearley (director) and Paul Skertchly (director) · Mandate compensation7 facts ▸
- Director resignation, Claire Lloyd (director)
- Director resignation, Bart Wallyn (director)
- Director resignation, Paul Saville-King (director)
- Director appointment, Tony Brearley (director)
- Director appointment, Paul Skertchly (director)
- Mandate compensation, Tony Brearley
- Mandate compensation, Paul Skertchly
2019
13-09
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)Permanent representative: Véronique Vandooren · Appointment: Bart Wallyn (director) · Mandate compensation6 facts ▸
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor)
Permanent representative: Véronique Vandooren · Appointment: Bart Wallyn (director) · Mandate compensation6 facts ▸
- General meeting, 27-08-2019
- Auditor reappointment, KPMG Bedrijfsrevisoren
- Permanent representative, Véronique Vandooren
- Director appointment, Bart Wallyn (director)
- Mandate compensation, Bart Wallyn
- Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
06-09
State Gazette act
Resignation: Roderick Jacobs (director)Power of attorney3 facts ▸
State Gazette act
Resignation: Roderick Jacobs (director)
Power of attorney3 facts ▸
- Written resolution
- Director resignation, Roderick Jacobs (director)
- Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
08-04
State Gazette act
Appointment: Roderick Jacobs (director)Reappointment: KPMG Bedrijfsrevisoren (statutory auditor) · Permanent representative: Véronique Vandooren · Mandate compensation6 facts ▸
State Gazette act
Appointment: Roderick Jacobs (director)
Reappointment: KPMG Bedrijfsrevisoren (statutory auditor) · Permanent representative: Véronique Vandooren · Mandate compensation6 facts ▸
- General meeting, 14-03-2019
- Director appointment, Roderick Jacobs (director)
- Mandate compensation, Roderick Jacobs
- Auditor reappointment, KPMG Bedrijfsrevisoren
- Permanent representative, Véronique Vandooren
- Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
28-03
State Gazette act
Resignation: Morgane Bens (director)Registered-office move · Power of attorney5 facts ▸
State Gazette act
Resignation: Morgane Bens (director)
Registered-office move · Power of attorney5 facts ▸
- Board meeting, 13-02-2019
- Registered-office move, Culliganlaan 2 bus D - 1831 Diegem
- Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
- Director resignation, Morgane Bens (director)
- Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
29-01
State Gazette act
Capital & shares · RestructuringMerger · Accounting effect · Capital increase8 facts ▸
State Gazette act
Capital & shares · Restructuring
Merger · Accounting effect · Capital increase8 facts ▸
- General meeting, 01-01-2019
- Merger, absorption, 30-10-2018
- Accounting effect, 01-01-2019
- Capital increase, €3.644.053
- Share issue, 274743
- Share cancellation, 344061
- Capital, €4.563.974
- Auditor report, 22-11-2018
2018
14-11
State Gazette act
RestructuringAppointment: KPMG Bedrijfsrevisoren BV CVBA (statutory auditor) · Merger · Capital15 facts ▸
State Gazette act
Restructuring
Appointment: KPMG Bedrijfsrevisoren BV CVBA (statutory auditor) · Merger · Capital15 facts ▸
- Merger, fusie door overneming
- Capital, €4.506.267
- Capital, €3.440.620
- Capital increase, €3.644.053
- Share issue, 273266
- Share issue, 1477
- Share cancellation, 4406380.0
- Accounting effect, 01-01-2019
- Auditor appointment, KPMG Bedrijfsrevisoren BV CVBA
- Auditor appointment, KPMG Bedrijfsrevisoren BV CVBA
- Power of attorney, Richard Maselis
- Merger, 0
- +3 further facts in this act
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 84 days late
23-08
State Gazette act
Appointment: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)Permanent representative: Véronique Vandooren3 facts ▸
State Gazette act
Appointment: KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
Permanent representative: Véronique Vandooren3 facts ▸
- General meeting, 16-12-2016
- Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (statutory auditor)
- Permanent representative, Véronique Vandooren
17-08
State Gazette act
Resignations: Sarah MASSEY, Andrew John OSBORN and 4 othersAppointments: Paul James SAVILLE-KING (director) and Claire Louisa LLOYD (director) · Mandate compensation · Power of attorney11 facts ▸
State Gazette act
Resignations: Sarah MASSEY, Andrew John OSBORN and 4 others
Appointments: Paul James SAVILLE-KING (director) and Claire Louisa LLOYD (director) · Mandate compensation · Power of attorney11 facts ▸
- Director resignation, Sarah MASSEY (director)
- Director resignation, Andrew John OSBORN (director)
- Director resignation, John DE ROOY CORNELIS (director)
- Director resignation, Roderick JACOBS (director)
- Director resignation, Guy HOLDEN (director)
- Director resignation, Gino DE JONGHE (director)
- Director appointment, Paul James SAVILLE-KING (director)
- Director appointment, Claire Louisa LLOYD (director)
- Mandate compensation, Paul James SAVILLE-KING
- Mandate compensation, Claire Louisa LLOYD
- Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services
2017
10-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 71 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 408 days late
30-05
State Gazette act
Resignation: Peter Johan van der Vorm (director)Appointment: Roderick Jacobs (director) · Mandate compensation4 facts ▸
State Gazette act
Resignation: Peter Johan van der Vorm (director)
Appointment: Roderick Jacobs (director) · Mandate compensation4 facts ▸
- General meeting, 24-04-2017
- Director resignation, Peter Johan van der Vorm (director)
- Director appointment, Roderick Jacobs (director)
- Mandate compensation, Roderick Jacobs
2016
19-12
State Gazette act
Appointments: Cornelis Johannes de Rooy, Peter Johan van der Vorm and 3 othersMandate compensation · Registered-office move · Power of attorney14 facts ▸
State Gazette act
Appointments: Cornelis Johannes de Rooy, Peter Johan van der Vorm and 3 others
Mandate compensation · Registered-office move · Power of attorney14 facts ▸
- General meeting, 13-07-2016
- Director appointment, Cornelis Johannes de Rooy (director)
- Director appointment, Peter Johan van der Vorm (director)
- Director appointment, Morgane Caroline Bens (director)
- Director appointment, Andrew John Osborn (director)
- Director appointment, Sarah Massey (director)
- Mandate compensation, Cornelis Johannes de Rooy
- Mandate compensation, Peter Johan van der Vorm
- Mandate compensation, Morgane Caroline Bens
- Mandate compensation, Andrew John Osborn
- Mandate compensation, Sarah Massey
- Board meeting, 29-08-2016
- +2 further facts in this act
2015
26-10
State Gazette act
Statutes amendmentName change · Accounting effect · Transition provision6 facts ▸
State Gazette act
Statutes amendment
Name change · Accounting effect · Transition provision6 facts ▸
- General meeting, 01-10-2015
- Name change, CBRE GWS Belgium
- Statutes amendment
- Statutes amendment
- Accounting effect, 31-12-2016, 01-10-2015
- Transition provision, De eerstvolgende gewone algemene vergadering die zal beraadslagen over de jaarrekening afgesloten per 31 december 2016, zal gehouden worden op 26 mei 2017 om 11…
07-10
State Gazette act
Resignations: Brian Cadwallader (director) and Brian Stief (director)Appointment: Guy Holden (director) · Mandate term · Mandate compensation6 facts ▸
State Gazette act
Resignations: Brian Cadwallader (director) and Brian Stief (director)
Appointment: Guy Holden (director) · Mandate term · Mandate compensation6 facts ▸
- General meeting, 01-09-2015
- Director resignation, Brian Cadwallader (director)
- Director resignation, Brian Stief (director)
- Director appointment, Guy Holden (director)
- Mandate term, eindigt onmiddellijk na de gewone algemene vergadering die zich dient uit te spreken over de goedkeuring van de jaarrekening van het boekjaar afgesloten in 2019
- Mandate compensation, Guy Holden
09-09
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Share issue · Capital6 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Share issue · Capital6 facts ▸
- General meeting, 23-06-2015
- Capital increase, €3.379.120
- Share issue, 337912, 6.151 tot 344.062
- Capital, €3.440.620
- Statutes amendment
- Share participation, pro rata temporis in de resultaten van het lopende boekjaar
20-05
State Gazette act
Appointment: Gino De Jonghe (director)Mandate compensation3 facts ▸
State Gazette act
Appointment: Gino De Jonghe (director)
Mandate compensation3 facts ▸
- General meeting, 28/04/2015
- Director appointment, Gino De Jonghe (director)
- Mandate compensation, Gino De Jonghe
17-02
State Gazette act
IncorporationAppointments: Brian John STIEF, Brian James CADWALLADER and PriceWaterhouseCoopers Bedrijfsrevisoren/Réviseurs d'Entreprises · Permanent representative: Philip Merckx · Founding capital13 facts ▸
State Gazette act
Incorporation
Appointments: Brian John STIEF, Brian James CADWALLADER and PriceWaterhouseCoopers Bedrijfsrevisoren/Réviseurs d'Entreprises · Permanent representative: Philip Merckx · Founding capital13 facts ▸
- Incorporation, 06-02-2014
- Founding capital, €61.500
- Director appointment, Brian John STIEF (director)
- Director appointment, Brian James CADWALLADER (director)
- Mandate compensation, Brian John STIEF
- Mandate compensation, Brian James CADWALLADER
- Auditor appointment, PriceWaterhouseCoopers Bedrijfsrevisoren/Réviseurs d'Entreprises (statutory auditor)
- Permanent representative, Philip Merckx
- Bank account, ING BANK NV
- Power of attorney, Charlotte SCHOCKAERT
- Capital subscription
- Capital subscription
- +1 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
31 of 32 acts read
About the unread acts
Of the 32 Belgian State Gazette acts we know for this company, 31 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
4 directors, 2 in day-to-day management, last change in 2026
Board 4
Raf Van den Bergh
CurrentDirector · since 30-06-2021
Peter De Maesschalck
CurrentDirector · since 09-10-2023
Jan De Bie
CurrentDirector · since 05-06-2025
Elena GIFON
CurrentDirector · since 23-12-2025
1 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.
Cornelis Johannes de Rooy
Not recently confirmedDirector · since 01-03-2016
Day-to-day management 2
Raf Van den Bergh
CurrentManaging director · since 22-03-2021
Gregory Demoor
CurrentDirecteur belast met het dagelijks bestuur · since 01-06-2024
Statutory auditor 1
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
CurrentStatutory auditor · since 20-12-2022 · perm. rep.: Manuel Soria Machado
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 →
Not every act has been read: a resignation may be missing here
1 of this company's 32 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2015
Ground area
5,325 m²
Building footprint
3,164 m²
Volume, LiDAR
360 m³
Parcel 23015B0056/00R000, Flanders · tallest building 7.2 m. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
CBRE GWS Belgium
since 20152.239.805.620
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0056/00R000 | Flanders | 5,325 m² | 1 · 3,164 m² | 7.2 m |
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
29 people since 2014, 7 in office
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Raf Van den Bergh |
|
| Peter De Maesschalck |
|
| Jan De Bie |
|
| Elena GIFON |
|
| Gregory Demoor |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| Cornelis Johannes de Rooy |
|
| Matthew Forbes |
|
| Peter De Maeschalck |
|
| Simon O'Neil |
|
| KPMG Bedrijfsrevisoren BV/SRL |
|
| Anne GOOVAERTS |
|
| Paul Skertchly |
|
| Tony Brearley |
|
| Russell Turley |
|
| Paul James SAVILLE-KING |
|
| Bart Wallyn |
|
| Claire Louisa LLOYD |
|
| Roderick Jacobs |
|
| Morgane Caroline Bens |
|
| Gino DE JONGHE |
|
| Guy HOLDEN |
|
| John DE ROOY CORNELIS |
|
| Sarah Massey |
|
| Andrew John Osborn |
|
| PricewaterhouseCoopers Reviseurs d'Entreprises |
|
| Peter Johan van der Vorm |
|
| Brian James CADWALLADER |
|
| Brian John STIEF |
|
Articles of association
Purpose
De studie, de ontwikkeling, de fabricage, de installatie, het onderhoud, de aankoop, de verkoop, de verhuur van alle installaties en pneumatische, elektrische, elektronische…
Full purpose
De studie, de ontwikkeling, de fabricage, de installatie, het onderhoud, de aankoop, de verkoop, de verhuur van alle installaties en pneumatische, elektrische, elektronische, digitale, computergestuurde systemen...
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
HITACHI VANTARA BELGIUM
via Elena GIFON · Chair
former→
Acquisitions and mergers
2 transactionsTook over:CBRE CORPORATE OUTSOURCING
Split off to:Turner & Townsend PJM Belgium
Capital and shareholders
Capital over the years
- 23-04-2025 Capital reduction of 12,414.34 EUR · to 4,551,559.66 EUR · in a demerger
- 03-05-2022 Capital stated in the act · 4,563,974 EUR · 274,744 shares
- 29-01-2019 Capital increase of 3,644,053 EUR · to 7,084,673 EUR · 274,743 new shares
- 14-11-2018 Capital increase of 3,644,053 EUR · to 7,084,673 EUR · 274,743 new shares
- 09-09-2015 Capital increase of 3,379,120 EUR · to 3,440,620 EUR · 337,912 new shares
- 17-02-2015 Incorporation · 61,500 EUR · 6,150 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 40,906 EUR awarded · 40,906 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,556 EUR | 2,556 EUR |
| 2024 | 1 | 8,083 EUR | 8,083 EUR |
| 2023 | 1 | 18,254 EUR | 18,254 EUR |
| 2022 | 1 | 12,013 EUR | 12,013 EUR |
Schemes
Recognitions · licences · registrations
Dual-learning approval
5 live approvalsElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Polyvalent administratief medewerker (vwo)
Legal Entity Identifier
96760024RAG43VYH2Y23
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,394. 402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
68321Property management for co-owned buildings (syndics)
28250Manufacture of machinery and equipment not elsewhere classified
43222Installation of electric heating, air conditioning, cooling and ventilation
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0597950461
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.