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CBRE GWS Belgium

Active
Public limited companyfounded 2015active for 11 yearsHermeslaan 9, 1831 Machelen (Brab.), Belgium30 active companies are registered at this addressKBO/BCE: BE 0597.950.461
Summary

CBRE GWS Belgium has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.5m and a net result of €69,014. Equity is growing by about 3.1% per year across the filed financial years. Its solvency ranks better than 24% of 5,767 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Property management for co-owned buildings (syndics)
NACE 68321General electrical installation work NACE 43211
Largest employer in Flemish Brabant, Real estate sector1 site
Size
€90.8mturnover 2025
Staff
250.8 FTE
Equity
€5.5m
Profit
€69,014
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
CBRE Group Inc.
Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES2025 accounts 31 days early
Why 86raises riskEquity €5.5m (11.1% of total assets)lowers riskSize: turnover €90.8m, 250.8 FTE, total assets €49.2mSector: Real estate activities (NACE 68)Legal form: public limited companyShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 32% of its sector peers (NACE 68, large)
Financial strength · tick = 2024
Weak
Solvency 36-2
equity 11.1% of total assets
Liquidity 12-4
short-term debt 85.0% · cash 7.3%
Profitability 52+4
return on assets 0.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (318 companies, NACE 68, large)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.2%▼ -0.2 percentage points vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025lowest value 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.4 percentage points vs 09-2026
Credit of up to €460,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.16, compared with 1.28 in 2024, below the usual 1.5; short-term debt: 85% and cash: 7.3% of total assets), and 88.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, large): better than 25% on solvency, 7% on liquidity, 58% on profitability and 36% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €90.8m, 250.8 FTE, total assets €49.2m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €5.5m (11.1% of total assets)
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Legal form: public limited company
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5767 sector peers (2025).
NBB · sector comparison
Position among 5767 sector peers
Solvency
better than 24%
← weakest strongest →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
21 days early
2023
26 days early
2022
17 days early
2021
72 days late
2020
31 days early
2019
292 days late
← 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 34 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 10 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Elena Gifon (director)Power of attorney
  3. Appointment: Gregory Demoor (directeur belast met…Power of attorney

Financials · financial year 2025, full format

Turnover
€90.8m▼ 11.3%
2024 · €102.4m
EBIT margin
1.0%▲ 0.1pp
2024 · 0.9%
Net result
€69,014▲ 5.7%
2024 · €65,288
Working capital
€6.8m▼ 24.1%
2024 · €9.0m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen three years in a row; 2025 is 2% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€90.8m 2025 Operating result€0.9m 2025 Net result€0.07m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€81.8m-€109.8m▲ 34.1%€123.2m▲ 12.3%€117.3m▼ 4.8%€107.3m▼ 8.6%€101.9m▼ 5.0%€102.4m▲ 0.5%€90.8m▼ 11.3%
Operating result€0.8m-€0.8m▲ 0.2%€0.9m▲ 16.7%€1.0m▲ 9.9%€1.0m▲ 0.5%€1.0m▼ 0.6%€0.9m▼ 6.1%€0.9m▼ 2.3%
Net result€0.3m-€0.2m▼ 44.2%€0.3mabove the sector's middle half▲ 109%€0.1mwithin the sector's middle half▼ 70.5%€0.1mwithin the sector's middle half▲ 46.4%€0.4mabove the sector's middle half▲ 143%€0.07mwithin the sector's middle half▼ 82.0%€0.07mwithin the sector's middle half▲ 5.7%
EBIT margin0.9%-0.7%▼ 0.2pp0.7%=0.8%▲ 0.1pp0.9%▲ 0.1pp1.0%=0.9%▼ 0.1pp1.0%▲ 0.1pp
Equity€4.9m-€4.4m▼ 9.9%€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%€5.5mabove the sector's middle half▲ 1.0%
Total assets€38.4m-€71.1m▲ 85.4%€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%€49.2mabove the sector's middle half▲ 17.9%
Debt€33.5m-€56.1m▲ 67.6%€37.1m▼ 33.9%€37.6m▲ 1.4%€40.2m▲ 6.9%€34.9m▼ 13.3%€35.5m▲ 1.8%€43.6m▲ 22.9%
Working capital€3.3m-€14.8m▲ 346%€11.3mabove the sector's middle half▼ 23.6%€8.6mabove the sector's middle half▼ 23.9%€11.8mabove the sector's middle half▲ 36.1%€5.3mabove the sector's middle half▼ 54.5%€9.0mabove the sector's middle half▲ 68.5%€6.8mabove the sector's middle half▼ 24.1%
Solvency12.7%-6.2%▼ 6.5pp9.7%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▼ 0.3pp11.1%below the sector's middle half▼ 1.9pp
Current ratio1.10-1.27▲ 0.171.31within the sector's middle half▲ 0.041.23within the sector's middle half▼ 0.081.30within the sector's middle half▲ 0.071.16within the sector's middle half▼ 0.141.28within the sector's middle half▲ 0.121.16within the sector's middle half▼ 0.12
Return on assets (ROA)0.8%-0.2%▼ 0.5pp0.7%within the sector's middle half▲ 0.5pp0.2%within the sector's middle half▼ 0.5pp0.3%within the sector's middle half▲ 0.1pp0.9%within the sector's middle half▲ 0.6pp0.2%within the sector's middle half▼ 0.7pp0.1%within the sector's middle half=
Staff (FTE)248-330.6▲ 33.3%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%250.8above the sector's middle half▼ 7.1%
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49.2m
Fixed assets €550,538 ▼ 4.5%
Current assets €48.7m ▲ 18.2%
Equity and liabilities €49.2m
Equity €5.5m ▲ 1.0%
Provisions €149,760 ▼ 82.8%
Debt €43.6m ▲ 22.9%
Debt's share of the balance-sheet total rises from 85.0% to 88.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.0m▼
2024 · €1.1m
Cash flow
€185,660▼
2024 · €205,185
Debt to equity
8.00▲
2024 · 6.57
ROE
1.3%▲
2024 · 1.2%
Interest coverage
5.66▲
2024 · 5.00
Debt ≤ 1 year
€41.9m▲
2024 · €32.2m
Income taxes
€587,962▼
2024 · €626,869
Staff costs
€31.8m▲
2024 · €31.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 273 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 98.2% are still going.

  • Large
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
  • without age
0.7% went bankrupt
1.1% stopped otherwise
98.2% 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 497,445 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% 0.9%
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 74.5% 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 273 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 · 75 lines
Balance sheet Code20242025
Assets
Total assets20/58€41.8m€49.2m▲
Fixed assets21/28€0.6m€0.6m▼
Tangible fixed assets22/27€0.6m€0.6m▼
Furniture and vehicles24€0.06m€0.08m▲
Other tangible fixed assets26€0.5m€0.5m▼
Assets under construction and advance payments27€0-
Current assets29/58€41.2m€48.7m▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€38.3m€44.4m▲
Trade receivables40€35.8m€42.9m▲
Other amounts receivable41€2.5m€1.5m▼
Cash at bank and in hand54/58€2.6m€3.6m▲
Deferred charges and accrued income490/1€0.3m€0.7m▲
Equity and liabilities
Total equity and liabilities10/49€41.8m€49.2m▲
Equity10/15€5.4m€5.5m▲
Contributions10/11€4.6m€4.6m▼
Capital10€4.6m€4.6m▼
Issued capital100€4.6m€4.6m▼
Reserves13€0.2m€0.2m▲
Non-distributable reserves130/1€0.2m€0.2m▲
Legal reserve130€0.2m€0.2m▲
Profit (loss) carried forward14€0.7m€0.7m▲
Provisions and deferred taxes16€0.9m€0.1m▼
Provisions for liabilities and charges160/5€0.9m€0.1m▼
Other liabilities and charges164/5€0.9m€0.1m▼
Amounts payable17/49€35.5m€43.6m▲
Amounts payable within one year42/48€32.2m€41.9m▲
Financial debts43€3.3m€0.6m▼
Credit institutions430/8-€0.001m
Other loans439€3.3m€0.6m▼
Trade debts44€22.9m€34.7m▲
Suppliers440/4€22.9m€34.7m▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€6.0m€6.5m▲
Taxes450/3€1.3m€1.9m▲
Remuneration and social security454/9€4.7m€4.7m▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€3.3m€1.8m▼
Income statement Code20242025
Operating income70/76A€102.9m€90.8m▼
Turnover70€102.4m€90.8m▼
Own construction capitalised72€0-
Other operating income74€0-
Non-recurring operating income76A€0.4m€0▼
Operating charges60/66A€101.9m€90.0m▼
Goods for resale, raw materials and consumables60€65.1m€57.8m▼
Purchases600/8€65.1m€57.8m▼
Services and other goods61€3.8m€0.7m▼
Remuneration, social security and pensions62€31.5m€31.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.03m€0.01m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.9m-€0.7m▼
Other operating charges640/8€0.5m€0.1m▼
Non-recurring operating charges66A€0.03m€0.08m▲
Operating profit (loss)9901€0.9m€0.9m▼
Financial income75/76B€0.03m€0.3m▲
Recurring financial income75€0.03m€0.3m▲
Income from financial fixed assets750€0.004m€0.04m▲
Other financial income752/9€0.03m€0.2m▲
Financial charges65/66B€0.3m€0.5m▲
Recurring financial charges65€0.3m€0.5m▲
Debt charges650€0.2m€0.2m▼
Other financial charges652/9€0.04m€0.3m▲
Profit (loss) for the period before taxes9903€0.7m€0.7m▼
Income taxes67/77€0.6m€0.6m▼
Taxes670/3€0.6m€0.6m▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€0.07m€0.07m▲
Profit (loss) for the period to be appropriated9905€0.07m€0.07m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.7m€0.7m▲
Profit (loss) brought forward from the previous period14P€0.6m€0.7m▲
Transfer to equity691/2€0.003m€0.003m▲
To the legal reserve6920€0.003m€0.003m▲
Profit to be distributed694/7-€0.002m
Return on contributions (dividend)694-€0.002m
Social balance sheet
Average headcount (FTE)9087269.9250.8▼

The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€118.8m€112.8m€104.7m€102.9m€90.8m▼ 11.7%
Turnover70€81.8m€109.8m€123.2m€117.3m€107.3m€101.9m€102.4m€90.8m▼ 11.3%
Own construction capitalised72-----€0.03m€0--
Other operating income74---€1.4m€5.5m€2.7m€0--
Non-recurring operating income76A------€0.4m€0▼ 100%
Operating charges60/66A---€117.8m€111.8m€103.7m€101.9m€90.0m▼ 11.8%
Goods for resale, raw materials and consumables60---€80.0m€69.1m€64.2m€65.1m€57.8m▼ 11.3%
Purchases600/8---€80.0m€69.1m€64.2m€65.1m€57.8m▼ 11.3%
Services and other goods61---€8.7m€8.5m€8.3m€3.8m€0.7m▼ 81.1%
Remuneration, social security and pensions62---€31.9m€31.9m€36.5m€31.5m€31.8m▲ 1.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.6m€0.8m€0.4m€0.2m€0.2m€0.1m€0.1m€0.1m▼ 16.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.2m€0.001m€0.1m-€0.03m€0.01m-
Provisions for liabilities and charges: additions (uses and reversals)635/8----€3.0m€2.0m-€6.0m€0.9m-€0.7m-
Other operating charges640/8---€0.2m€0.04m€0.4m€0.5m€0.1m▼ 73.8%
Non-recurring operating charges66A------€0.03m€0.08m▲ 175%
Operating profit (loss)9901€0.8m€0.8m€0.9m€1.0m€1.0m€1.0m€0.9m€0.9m▼ 2.3%
Financial income75/76B---€0.02m€0.03m€0.04m€0.03m€0.3m▲ 767%
Recurring financial income75--€0.02m€0.02m€0.03m€0.04m€0.03m€0.3m▲ 767%
Income from financial fixed assets750---€0.01m€0.01m€0.03m€0.004m€0.04m▲ 971%
Other financial income752/9---€0.009m€0.01m€0.01m€0.03m€0.2m▲ 737%
Financial charges65/66B---€0.07m€0.05m€0.07m€0.3m€0.5m▲ 104%
Recurring financial charges65€0.03m€0.01m€0.05m€0.07m€0.05m€0.07m€0.3m€0.5m▲ 104%
Debt charges650€0.004m€0.003m€0.02m€0.007m€0.001m€0.03m€0.2m€0.2m▼ 15.5%
Other financial charges652/9---€0.07m€0.05m€0.04m€0.04m€0.3m▲ 723%
Profit (loss) for the period before taxes9903€0.7m€0.7m€0.9m€0.9m€1.0m€0.9m€0.7m€0.7m▼ 5.1%
Income taxes67/77€0.4m€0.6m€0.5m€0.8m€0.8m€0.6m€0.6m€0.6m▼ 6.2%
Taxes670/3---€0.8m€0.8m€0.6m€0.6m€0.6m▼ 6.2%
Tax adjustments and reversals of tax provisions77-----€0.05m€0--
Profit (loss) for the period9904€0.3m€0.2m€0.3m€0.1m€0.1m€0.4m€0.07m€0.07m▲ 5.7%
Profit (loss) for the period to be appropriated9905€0.3m€0.2m€0.3m€0.1m€0.1m€0.4m€0.07m€0.07m▲ 5.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€38.4m€71.1m€48.8m€46.4m€51.1m€40.2m€41.8m€49.2m▲ 17.9%
Fixed assets21/28€1.6m€0.7m€0.3m€0.1m€0.2m€0.7m€0.6m€0.6m▼ 4.5%
Intangible fixed assets21€0.6m€0.1m-------
Tangible fixed assets22/27€1.0m€0.6m€0.3m€0.1m€0.2m€0.7m€0.6m€0.6m▼ 4.5%
Furniture and vehicles24---€0.1m€0.2m€0.1m€0.06m€0.08m▲ 36.9%
Other tangible fixed assets26-----€0.6m€0.5m€0.5m▼ 9.1%
Assets under construction and advance payments27-----€0.01m€0--
Current assets29/58€36.8m€70.4m€48.5m€46.3m€50.9m€39.5m€41.2m€48.7m▲ 18.2%
Amounts receivable after more than one year29---€0-----
Other amounts receivable291---€0-----
Stocks and contracts in progress3---€0€0€0€0€0-
Amounts receivable within one year40/41€32.8m€66.8m€39.4m€32.3m€35.0m€34.3m€38.3m€44.4m▲ 15.9%
Trade receivables40---€32.3m€35.0m€33.0m€35.8m€42.9m▲ 19.5%
Other amounts receivable41---€0€0.05m€1.3m€2.5m€1.5m▼ 37.5%
Cash at bank and in hand54/58€0.5m€2.2m€8.1m€13.0m€14.9m€4.9m€2.6m€3.6m▲ 38.5%
Deferred charges and accrued income490/1---€0.9m€1.0m€0.3m€0.3m€0.7m▲ 147%
Equity and liabilities
Total equity and liabilities10/49€38.4m€71.1m€48.8m€46.4m€51.1m€40.2m€41.8m€49.2m▲ 17.9%
Equity10/15€4.9m€4.4m€4.7m€4.8m€5.0m€5.3m€5.4m€5.5m▲ 1.0%
Contributions10/11€3.4m€4.6m€4.6m€4.6m€4.6m€4.6m€4.6m€4.6m▼ 0.3%
Capital10---€4.6m€4.6m€4.6m€4.6m€4.6m▼ 0.3%
Issued capital100---€4.6m€4.6m€4.6m€4.6m€4.6m▼ 0.3%
Reserves13€0.1m€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m€0.2m▲ 1.7%
Non-distributable reserves130/1---€0.1m€0.2m€0.2m€0.2m€0.2m▲ 1.7%
Legal reserve130---€0.1m€0.2m€0.2m€0.2m€0.2m▲ 1.7%
Profit (loss) carried forward14€1.3m-€0.3m€0.02m€0.1m€0.3m€0.6m€0.7m€0.7m▲ 9.6%
Provisions and deferred taxes16-€10.6m€7.0m€4.0m€6.0m€0€0.9m€0.1m▼ 82.8%
Provisions for liabilities and charges160/5---€4.0m€6.0m€0€0.9m€0.1m▼ 82.8%
Pensions and similar obligations160---€0.07m€0.03m€0---
Other liabilities and charges164/5---€3.9m€5.9m€0€0.9m€0.1m▼ 82.8%
Amounts payable17/49€33.5m€56.1m€37.1m€37.6m€40.2m€34.9m€35.5m€43.6m▲ 22.9%
Amounts payable within one year42/48€33.4m€55.6m€37.1m€37.6m€39.2m€34.2m€32.2m€41.9m▲ 30.0%
Financial debts43-----€3.5m€3.3m€0.6m▼ 82.0%
Credit institutions430/8-------€0.001m-
Other loans439-----€3.5m€3.3m€0.6m▼ 82.1%
Trade debts44€16.1m€28.1m€30.9m€31.3m€31.2m€20.1m€22.9m€34.7m▲ 51.6%
Suppliers440/4---€31.3m€31.2m€20.1m€22.9m€34.7m▲ 51.6%
Advances received on contracts in progress46-----€2.5m€0--
Taxes, remuneration and social security45---€6.3m€8.0m€7.1m€6.0m€6.5m▲ 9.1%
Taxes450/3---€2.0m€2.0m€1.7m€1.3m€1.9m▲ 39.1%
Remuneration and social security454/9---€4.4m€6.0m€5.3m€4.7m€4.7m▲ 0.5%
Other amounts payable47/48---€0€0.007m€1.0m€0--
Accrued charges and deferred income492/3---€0€1.0m€0.7m€3.3m€1.8m▼ 46.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.2m€0.3m€0.1m€0.1m€0.4m€0.07m€0.07m▲ 5.7%
+ Depreciation and write-downs630€0.6m€0.8m€0.4m€0.2m€0.2m€0.1m€0.1m€0.1m▼ 16.6%
Operating cash flow (approximation)€0.9m€0.9m€0.7m€0.3m€0.3m€0.5m€0.2m€0.2m▼ 9.5%
Investment in fixed assets (approximation)-€0.1m€0€0-€0.3m-€0.6m-€0.01m-€0.09m▼ 535%
Change in cash-€1.8m€5.9m€4.9m€1.9m-€10.1m-€2.3m€1.0m-

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

Download as CSV

Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 30-06-2026 2026-00224866
31-12-2024 full format 10-07-2025 2025-00261050
31-12-2023 full format 05-07-2024 2024-00223178
31-12-2022 full format 14-07-2023 2023-00243354
31-12-2021 full format 11-10-2022 2022-20457144
31-12-2020 full format 30-06-2021 2021-29200207
31-12-2019 full format 19-05-2021 2021-14700406
31-12-2018 full format 29-10-2020 2020-66500349
31-12-2017 full format 23-10-2018 2018-70000409
31-12-2016 full format 10-10-2017 2017-67100512

Show all 11 filings

Similar companies · same sector, comparable size

Of the 3,673 active companies whose main activity is property management for co-owned buildings (syndics) (NACE 68321), figures are known for 1,395. 392 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €40,906 awarded · €40,906 paid
Year Entries AwardedPaid
2025 1 €2,556€2,556
2024 1 €8,083€8,083
2023 1 €18,254€18,254
2022 1 €12,013€12,013
Schemes
4 entries · €40,906 · €40,906 paid · Departement Werk en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
3 directors, 2 in day-to-day management, no change since 2026

Board 3

Raf Van den Bergh
Director · since 30-06-2021
Current
Peter De Maesschalck
Director · since 09-10-2023
Current
Jan De Bie
Director · since 05-06-2025
Current
1 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
Cornelis Johannes de Rooy
Director · since 01-03-2016
Not recently confirmed

Day-to-day management 2

Raf Van den Bergh
Managing director · since 22-03-2021
Current
Gregory Demoor
Directeur belast met het dagelijks bestuur · since 05-08-2024
Current

Statutory auditor 1

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Statutory auditor · since 20-12-2022 · permanent representative: Manuel Soria Machado
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

29 people since 2014, 6 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Raf Van den Bergh
  • Algemeen directeur belast met dagelijks bestuur, from 22-03-2021 to date
  • Director, from 30-06-2021 to date
Peter De Maesschalck
  • Director, from 09-10-2023 to date
Jan De Bie
  • Director, from 05-06-2025 to date
Gregory Demoor
  • Day-to-day manager, from 05-08-2024 to date
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
  • Statutory auditor, from 20-12-2022 to date
Cornelis Johannes de Rooy
  • Director, from 01-03-2016 not ended, last confirmed 19-12-2016
Elena GIFON
  • Director, from 23-12-2025 to 08-04-2026
Matthew Forbes
  • Director, from 30-06-2021 to 23-12-2025
Peter De Maeschalck
  • Director, until 05-06-2025
Simon O'Neil
  • Director, from 30-06-2021 to 09-10-2023
KPMG Bedrijfsrevisoren BV/SRL
  • Statutory auditor, from 16-12-2016 to 20-12-2022
Anne GOOVAERTS
  • People director belux, until 02-11-2021
Paul Skertchly
  • Director, from 18-05-2020 to 30-06-2021
Tony Brearley
  • Director, from 18-05-2020 to 30-06-2021
Russell Turley
  • Algemeen directeur (dagelijks bestuur), from 01-06-2020 to 22-03-2021
Paul James SAVILLE-KING
  • Director, from 23-07-2018 to 18-05-2020
Bart Wallyn
  • Director, from 27-08-2019 to 30-04-2020
Claire Louisa LLOYD
  • Director, from 23-07-2018 to 31-03-2020
Roderick Jacobs
  • Director, from 24-04-2017 to 23-07-2018
  • Director, from 14-03-2019 to 17-07-2019
Morgane Caroline Bens
  • Director, from 01-03-2016 to 18-03-2019
Gino DE JONGHE
  • Director, from 28-04-2015 to 23-07-2018
Guy HOLDEN
  • Director, from 01-09-2015 to 23-07-2018
John DE ROOY CORNELIS
  • Director, until 23-07-2018
Sarah Massey
  • Director, from 01-03-2016 to 20-02-2018
Andrew John Osborn
  • Director, from 01-03-2016 to 02-11-2017
PricewaterhouseCoopers Reviseurs d'Entreprises
  • Statutory auditor, from 13-02-2015 to 16-12-2016
Peter Johan van der Vorm
  • Director, from 01-03-2016 to 14-10-2016
Brian James CADWALLADER
  • Director, from 06-02-2014 to 01-09-2015
Brian John STIEF
  • Director, from 06-02-2014 to 01-09-2015
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. CBRE Group Inc.US consolidates
  2. CBRE GWS Belgium

Highest known parent: CBRE Group Inc. (United States). The sources do not say who stands above it.

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 25-02-2025 ↗
  • Relam Amsterdam Holdings B.V. all shares

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 23-04-2025 Capital reduction of €12,414.34 · to €4,551,559.66
  2. 03-05-2022 Capital stated in the deed · €4,563,974 · 274,744 shares
  3. 29-01-2019 Capital increase of €3,644,053 · to €7,084,673 · 274,743 new shares
  4. 14-11-2018 Capital increase of €3,644,053 · to €7,084,673 · 274,743 new shares
  5. 09-09-2015 Capital increase of €3,379,120 · to €3,440,620 · 337,912 new shares
  6. 17-02-2015 Incorporation · €61,500 · 6,150 shares

Group and network

Connections & network

2 connected companies
Depth

The 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, zoom with the mouse wheel.
Linked via shared directors
BEFACX
Shared director
→
→

Acquisitions and mergers

2 transactions
BE 0477.336.901merger by absorption · Gazette deed of 29-01-2019 (2 acts) · effective 01-01-2019
Received in a demerger part of:Turner & Townsend PJM Belgium
BE 1015.812.407Gazette deed of 23-04-2025 (4 acts) · effective 17-02-2025

History

On 13 February 2015, CBRE GWS Belgium was incorporated, with a starting capital of €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 €7.1m.456 In 2016 the registered office moved to Diegem.7 CBRE CORPORATE OUTSOURCING was merged into the company in 2019.6 Of the 3 current board members, Raf Van den Bergh has served longest, since 2021.8

  1. 1KBO register
  2. 2Belgian Official Gazette, 17-02-2015
  3. 3Belgian Official Gazette, 26-10-2015
  4. 4Belgian Official Gazette, 09-09-2015
  5. 5Belgian Official Gazette, 14-11-2018
  6. 6Belgian Official Gazette, 29-01-2019
  7. 7Belgian Official Gazette, 19-12-2016
  8. 8Belgian Official Gazette, 07-03-2023

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
30-06
NBB filing Annual accounts filed
financial year 2025 · full format
09-06
Gazette deed Resignation: Elena Gifon (director)
Power of attorney4 facts ▸
  • General meeting, 13-05-2026
  • Director resignation, Elena Gifon (director)
  • Power of attorney, Catherine Wailly
  • Power of attorney, Bram Busselot
20-05
Gazette deed Appointment: Gregory Demoor (directeur belast met het dagelijks bestuur)
Power of attorney5 facts ▸
  • Board meeting, 09-04-2026
  • Power of attorney, Gregory Demoor
  • Power of attorney, Catherine Wailly
  • Power of attorney, Bram Busselot
  • Director appointment, Gregory Demoor (directeur belast met het dagelijks bestuur)
20-01
Gazette deed Resignation: Matthew Forbes (director)
Appointments: Elena Gifon (director) and KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representative: Paul Dreezen5 facts ▸
  • General meeting, 23-12-2025
  • Director resignation, Matthew Forbes (director)
  • Director appointment, Elena Gifon (director)
  • Auditor appointment, KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
  • Permanent representative, Paul Dreezen
2025
10-07
NBB filing Annual accounts filed
financial year 2024 · full format
24-06
Gazette deed Resignation: Peter De Maeschalck (director)
Appointment: Jan De Bie (director) · Power of attorney · Shareholding8 facts ▸
  • General meeting, 05-06-2025
  • Director resignation, Peter De Maeschalck (director)
  • Director appointment, Jan De Bie (director)
  • Power of attorney, Catherine Wailly
  • Power of attorney, Bram Busselot
  • Power of attorney, Ella Naert
  • Power of attorney
  • Shareholding, “artikel 2:8, §4 van het Wetboek van vennootschappen en verenigingen, vennootschapsdossier ter griffie van de ondernemingsrechtbank” (deed in Dutch)
23-04
Gazette deed Capital & shares · Restructuring
Demerger · Auditor report · Real estate14 facts ▸
  • General meeting, 01-04-2025
  • Demerger, “artikel 12:8 juncto artikel 12:59 en volgende WVV” (deed in Dutch)
  • Other provision, “TWEEDE BESLISSING: Kennisname van documenten en verslagen, enige aandeelhouder” (deed in Dutch)
  • Auditor report, “inbreng in natura in de Verkrijgende Vennootschap als gevolg van de partiële splitsing door overneming”, EUR (deed in Dutch)
  • Demerger, “met splitsing door overneming gelijkgestelde verrichting, zonder uitzondering noch voorbehoud” (deed in Dutch)
  • Other provision, “beschrijving Afgesplitste Vermogen, activa en passiva bij splitsingsvoorstel gevoegd en ingediend” (deed in Dutch)
  • Other provision, “volledige cijfer- en balansmatige weergave afgesplitste vermogensbestanddelen in akte, vrijstelling cijfer- en balansmatige weergave” (deed in Dutch)
  • Real estate
  • Share issue, “aandelen op naam”, 779199 (deed in Dutch)
  • Shareholding, 01-04-2025, “zelfde aard en zelfde rechten als bestaande aandelen” (deed in Dutch)
  • Accounting effect, 01-01-2025
  • Other provision, 01-04-2025
  • +2 further facts in this act
25-02
Gazette deed Capital & shares · Restructuring · Miscellaneous
Demerger · Shareholding · Capital15 facts ▸
  • Demerger, 17-02-2025
  • Shareholding, Relam Amsterdam Holdings B.V.
  • Other provision, “ruilverhouding van de aandelen, bestuursorgaan” (deed in Dutch)
  • Capital, €1
  • Other provision, 31-12-2024, “eigen vermogen Splitsende Vennootschap” (deed in Dutch)
  • Share issue, 779199, EUR
  • Other provision, “opleg in geld, enige aandeelhouder van de Splitsende Vennootschap” (deed in Dutch)
  • Other provision, “op naam”, 779199 (deed in Dutch)
  • Other provision, “winstdeelname nieuwe aandelen, artikel 12:59,4° WVV” (deed in Dutch)
  • Accounting effect, 01-01-2025
  • Other provision, “rechten voor houders bijzondere rechten en andere effecten, artikel 12:59,6° WVV” (deed in Dutch)
  • Other provision, “bezoldiging commissaris/bedrijfsrevisor/externe accountant voor verslag artikel 12:62, enige aandeelhouder van de Betrokken Vennootschappen” (deed in Dutch)
  • +3 further facts in this act
2024
31-12
Financial Weakest financial yearnet €65,288 ▼82%
Net result drops to €65,288, the lowest in the series; recovery starts the following year.
05-08
Gazette deed Appointment: Gregory Demoor (day-to-day manager)
4 facts ▸
  • Board meeting, 05-06-2024
  • Other provision, “Directeur, titel” (deed in Dutch)
  • Director appointment, Gregory Demoor (day-to-day manager)
  • Other provision, “automatisch einde delegatie en mandaat”, 31 05 2026 (deed in Dutch)
05-07
NBB filing Annual accounts filed
financial year 2023 · full format
05-04
Gazette deed Resignation: Simon O'Neil (director)
Appointment: Peter De Maesschalck (director) · Power of attorney5 facts ▸
  • General meeting, 20-11-2023
  • Director resignation, Simon O'Neil (director)
  • Director appointment, Peter De Maesschalck (director)
  • Board meeting, 11-12-2023
  • Power of attorney, Evan Van Campenhout
Show earlier events
2023
31-12
Financial Highest result from 2018 to 2025net €362,962 ▲143%
Net result €362,962, the highest in the series.
31-12
Financial Equity above €5mequity €5.3m ▲7.3%
A profit in every financial year since 2018 builds equity to €5.3m.
14-07
NBB filing Annual accounts filed
financial year 2022 · full format
07-03
Gazette deed Appointment: Raf Van den Bergh (managing director)
2 facts ▸
  • Board meeting, 14-02-2023
  • Director appointment, Raf Van den Bergh (managing director)
25-01
Gazette deed Appointment: BDO BEDRIJFSREVISOREN BV (statutory auditor)
Permanent representative: Manuel Soria Machado · Power of attorney · Registered-office move7 facts ▸
  • General meeting, 20-12-2022
  • Auditor appointment, BDO BEDRIJFSREVISOREN BV (statutory auditor)
  • Permanent representative, Manuel Soria Machado
  • Power of attorney, Mazars ALTOS BV (2 times)
  • Board meeting, 03-01-2023
  • Registered-office move, Hermeslaan 9, 1831 Diegem
  • Power of attorney, Raf Van den Bergh
2022
11-10
NBB filing Annual accounts filed
financial year 2021 · full format · 72 days late
03-05
Gazette deed Amendment of the articles
Capital3 facts ▸
  • General meeting, 27-04-2022
  • Amendment of the articles (2 times)
  • Capital, €4,563,974
2021
13-12
Gazette deed 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
Gazette deed 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 02-10-2017 tot regeling van de bijzondere en priva…” (deed in Dutch)
  • Power of attorney, Véronique Ryckaert
  • Power of attorney, Catherine Wailly
  • Power of attorney, Bram Busselot
28-07
Gazette deed 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
financial year 2020 · full format
19-05
NBB filing Annual accounts filed
financial year 2019 · full format · 292 days late
17-05
Gazette deed 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
financial year 2018 · full format · 456 days late
14-07
Gazette deed 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
Gazette deed 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
Gazette deed 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
Gazette deed 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
Gazette deed 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
Gazette deed Resignation: Morgane Bens (director)
Registered-office move · Power of attorney4 facts ▸
  • Board meeting, 13-02-2019
  • Registered-office move, Culliganlaan 2 bus D - 1831 Diegem
  • Power of attorney, Mazars Accounting, Legal, Tax & Outsourcing Services (2 times)
  • Director resignation, Morgane Bens (director)
29-01
Gazette deed Capital & shares · Restructuring
Merger · Accounting effect · Capital increase8 facts ▸
  • General meeting, 01-01-2019
  • Merger, “absorption”, 30-10-2018 (deed in Dutch)
  • 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
Gazette deed Restructuring
Appointment: KPMG Bedrijfsrevisoren BV CVBA (statutory auditor) · Merger · Capital14 facts ▸
  • Merger, “fusie door overneming” (deed in Dutch)
  • 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 (2 times)
  • Power of attorney, Richard Maselis
  • Merger, 0
  • Dividend entitlement, 01-01-2019
  • +2 further facts in this act
23-10
NBB filing Annual accounts filed
financial year 2017 · full format · 84 days late
23-08
Gazette deed 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
Gazette deed 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
financial year 2016 · full format · 71 days late
30-05
Gazette deed 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
Gazette deed 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
Gazette deed Amendment of the articles · Name
Name change · Accounting effect · Transition provision5 facts ▸
  • General meeting, 01-10-2015
  • Name change, CBRE GWS Belgium
  • Amendment of the articles (2 times)
  • Accounting effect, 31-12-2016, 01-10-2015
  • Transition provision, “De eerstvolgende gewone algemene vergadering die zal beraadslagen over de jaarrekening afgesloten per 31-12-2016, zal gehouden worden op 26-05-2017 om 11…” (deed in Dutch)
07-10
Gazette deed 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” (deed in Dutch)
  • Mandate compensation, Guy Holden
09-09
Gazette deed Capital & shares · Amendment of the articles
Capital increase · Share issue · Capital6 facts ▸
  • General meeting, 23-06-2015
  • Capital increase, €3,379,120
  • Share issue, 337912, “6.151 tot 344.062” (deed in Dutch)
  • Capital, €3,440,620
  • Amendment of the articles
  • Share participation, “pro rata temporis in de resultaten van het lopende boekjaar” (deed in Dutch)
20-05
Gazette deed 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
Gazette deed Incorporation
Appointments: Brian John STIEF, Brian James CADWALLADER and PriceWaterhouseCoopers Bedrijfsrevisoren/Réviseurs d'Entreprises · Permanent representative: Philip Merckx · Founding capital12 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” (deed in Dutch)
  • Power of attorney, Charlotte SCHOCKAERT
  • Capital subscription (2 times)
  • Capital paid in, “volledig volstort” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
32 of 32 deeds read

Register details

Identification
Legal formPublic limited company
Founded13-02-2015
Financial 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

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

Register as of 27 October 2026 · Peppol Directory

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

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0597.950.461

Recognitions · licences · registrations

Dual-learning approval

5 live approvals
Elektrische installaties duaal (so)
approved · 2024 to 2029
Elektrotechnicus (vwo)
approved · 2025 to 2030
Elektrotechnicus duaal (so)
approved · 2025 to 2030
Elektrotechnisch installateur (vwo)
approved · 2024 to 2029
Polyvalent administratief medewerker (vwo)
approved · 2024 to 2029

Legal Entity Identifier

96760024RAG43VYH2Y23
no longer live in the LEI register

Environmental permits

1 application in Flanders since 2020 · 1 granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Granted on 03-12-2020submitted 15-09-2020authority: Gentproject 2020121633

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Machelen (Brab.) · 1 establishment unit since 2015
registered office establishment The establishment unit on the map
Ground area
5,325 m²
Building footprint
3,164 m²
Building volume
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
Hermeslaan 9, 1831 Machelen (Brab.)General electrical installation work
since 2015unit no. 2.239.805.620
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
23015B0056/00R000 Flanders 5,325 m² 1 · 3,164 m² 7.2 m
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De studie,de ontwikkeling,de fabricage,de installatie,het onderhoud,de aankoop,de verkoop,de verhuur van alle installaties en…” (deed in Dutch)
7 activities (deed in Dutch)
  1. 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 of andere systemen voor de temperatuur-,de vochtigheid- en de ventilatiecontrole,inbegrepen alle soorten van installaties voor de verwarming,de airconditioning,de bevochtiging en de ventilatie;de uitvoering van alle handelingen die met bovengestelde doelen betrekking hebben,in bijzonder in het domein van de pneumatica,de elektriciteit,de elektronica,het digitale of de informatica;
  2. De studie,de ontwikkeling,de fabricage,de installatie,het onderhoud,de aankoop,de verkoop,de verhuur van alle alarm- en beveiligingssystemen,-installaties en -toestellen,waaronder inbegrepen alle systemen,installaties en apparaten gebruikt in een alarm of een beveiligingssysteem;De studie,de ontwikkeling,de fabricage,de installatie,het onderhoud,de aankoop,de verkoop,de verhuur van alle apparaten en accessoires die rechtstreeks of onrechtstreeks betrekking hebben op de voedingsindustrie,koelinstallaties en koelbanken in het algemeen,airconditioning,luchtbehandeling,warmte- en energierecuperatie,de productie,assemblage of omvorming van alle materialen die er betrekking op hebben
  3. En het ontwikkelen van alle technieken die er rechtstreeks of onrechtstreeks betrekking op hebben;
  4. Het beheer en de bewaking van alle gebouwen inbegrepen de technische,algemene en administratieve diensten,meer bepaald en niet beperkend,de coördinatie en de bewaking van installaties en het onderhoud van technische installaties,beveiligings- en toegangsbewakingssystemen,het schoonmaken en het algemene onderhoud van gebouwen zowel aan de binnen- als aan de buitenzijde,studies inzake onroerend goed,de inplanting en de ruimtelijke ordening,de bemiddeling,het beheer van onroerend goed projecten,het klaarmaken en leveren van maaltijden,audiovisuele diensten en conferentiezalen,landscaping(inbegrepen de installatie hiervan),diensten inzake het beheer van de brievenpost,diensten inzake het maken van fotokopies en het beheer van fotokopieerapparaten.Voor het geheel van de werkzaamheden kan de vennootschap beroep doen op onderaannemers.Het beheer en de supervisie van deze onderaannemers maken deel uit van de activiteiten van de vennootschap;
  5. Zij mag alle handels-,industriële en financiële activiteiten en alle onroerend en roerend goed activiteiten verrichten,die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die kunnen bijdragen tot haar ontwikkeling,met uitzondering van de verrichtingen op roerende en onroerende waarden door de wet voorbehouden aan de banken en de beursvennootschappen.De vennootschap kan alle opdrachten waarnemen met betrekking tot het bestuur,de directie en de vereffening van alle vennootschappen en ondernemingen en deze adviezen verschaffen.
  6. De vennootschap mag,bij wijze van inbreng in speciën of in natura,fusie,inschrijving,deelneming,financiële tussenkomst of anderszins,belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen,in België of in het buitenland,waarvan het voorwerp verwant of analoog is met het hare of van aard is haar voorwerp te bevorderen.
  7. Zij mag ook alle leningen toestaan of leningen waarborgen die door derden zijn toegestaan,met inbegrip van borgtocht,aval of elke andere vorm van garantie,met dien verstande dat de vennootschap geen enkele activiteit zal uitoefenen die onderworpen is aan wettelijke of gereglementeerde bepalingen toepasselijk op de krediet- en/of financiële instellingen.

The full purpose is in the deed

deed of 25-02-2025

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“"Onverminderd de algemene vertegenwoordigingsmacht van de raad van bestuur als college, wordt de vennootschap in rechte en ten aanzien van…”

deed of 24-06-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 20-01-2026

deed of 20-01-2026