Result
The result rose in 2025 from -€87,152 to -€11,839.
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In July 2024, 8,617 companies had the same profile as DEVAL has now. Each dot stands for 22 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for DEVAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| DEVAL Ninove | €508,548 | €27,023 | 73.1% | - |
| TOP Dendermonde | €432,027 | €24,233 | 94.0% | - |
| J & O - PARK Sint-Niklaas | €598,990 | €27,167 | 94.0% | 0.8 |
| ARBOFLORA Wichelen | €529,536 | €23,102 | -19.7% | 0 |
| LA FONTAINE BOULANTE Ottignies-Louvain-la-Neuve | €473,920 | €26,800 | 57.9% | - |
| COMPUTERS and MANAGEMENT TECHNOLOGIES Forest | €481,388 | €29,207 | 46.2% | - |
| HELIE Roeselare | €511,166 | €25,475 | 15.2% | - |
These companies have the same main activity as DEVAL: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €432,000 and €599,000, founded between 1983 and 1994.
DEVAL files the micro format. That format states no turnover. The gross margin fell from €29,733 in 2007 to €27,023 in 2025.
The balance sheet grew most in 2020 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €44,000. Estimated: probably between €33,000 and €64,000.
Higher than 81% of 17,199 companies in 2025.
Higher than 91% of 16,496 companies in 2025.
Higher than 24% of 16,875 companies in 2025.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
508,548 | 543,810 | 657,220 | 491,537 | 533,704 | 553,420 | 379,302 | 489,075 | 498,604 | 510,451 | 534,885 | 536,716 | 557,827 | 402,772 | 413,235 | 276,458 | 289,774 | 309,443 | 304,408 | |
21/28 |
338,560 | 360,992 | 383,633 | 412,492 | 441,916 | 473,405 | 304,897 | 428,949 | 446,662 | 457,375 | 478,880 | 500,385 | 525,171 | 369,792 | 388,727 | 244,534 | 256,813 | 269,091 | 281,370 | |
22/27 |
338,560 | 360,992 | 383,633 | 412,492 | 441,916 | 473,405 | 304,897 | 428,949 | 446,662 | 457,375 | 478,880 | 500,385 | 525,171 | 369,792 | 388,727 | 244,534 | 256,813 | 269,091 | 281,370 | |
22 |
338,560 | 360,992 | 383,633 | 412,492 | 441,916 | 473,405 | 304,897 | 428,949 | 446,662 | 457,375 | 478,880 | 500,385 | 525,171 | 369,792 | 388,727 | 244,534 | 256,813 | 269,091 | 281,370 | |
29/58 |
169,988 | 182,817 | 273,587 | 79,045 | 91,788 | 80,015 | 74,405 | 60,126 | 51,942 | 53,075 | 56,005 | 36,332 | 32,656 | 32,980 | 24,508 | 31,924 | 32,961 | 40,352 | 23,038 | |
40/41 |
80,732 | 56,106 | 111,700 | 67,202 | 62,155 | 62,529 | 69,330 | 57,360 | 51,099 | 8,265 | 18,356 | 7,265 | 12,251 | 26,319 | 13,676 | 11,229 | 11,232 | 11,228 | 2,475 | |
40 |
- | 705 | 705 | 2,646 | - | 1,950 | 8,655 | - | - | 739 | 11,829 | 739 | 5,748 | 19,817 | 10,171 | 8,747 | 8,747 | 8,747 | - | |
41 |
80,732 | 55,401 | 110,995 | 64,557 | 62,155 | 60,579 | 60,675 | 57,360 | 51,099 | 7,527 | 6,527 | 6,527 | 6,502 | 6,502 | 3,505 | 2,482 | 2,485 | 2,480 | 2,475 | |
54/58 |
89,257 | 126,711 | 161,887 | 8,342 | 25,734 | 13,585 | 1,575 | 2,766 | 843 | 11,918 | 12,150 | 10,882 | 9,458 | 2,684 | 10,833 | 20,695 | 21,729 | 29,124 | 20,563 | |
490/1 |
- | - | - | 3,500 | 3,900 | 3,900 | 3,500 | - | - | 32,892 | 25,500 | 18,184 | 10,947 | 3,977 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
508,548 | 543,810 | 657,220 | 491,537 | 533,704 | 553,420 | 379,302 | 489,075 | 498,604 | 510,451 | 534,885 | 536,716 | 557,827 | 402,772 | 413,235 | 276,458 | 289,774 | 309,443 | 304,408 | |
10/15 |
371,999 | 383,837 | 470,990 | 216,862 | 234,264 | 220,224 | 191,938 | 285,193 | 273,080 | 263,937 | 256,992 | 252,126 | 243,308 | 247,332 | 247,550 | 251,485 | 242,093 | 239,647 | 244,122 | |
10/11 |
213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | |
10 |
213,188 | 213,188 | 213,188 | 213,188 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | |
13 |
367,317 | 367,317 | 367,317 | 72,005 | 72,005 | 72,005 | 72,005 | 72,005 | 59,891 | 50,749 | 43,803 | 38,938 | 30,119 | 34,144 | 34,362 | 38,297 | 28,904 | 26,459 | 30,934 | |
130/1 |
21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | |
132 |
295,313 | 295,313 | 295,313 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
50,686 | 50,686 | 50,686 | 50,686 | 50,686 | 50,686 | 50,686 | 50,686 | 38,572 | 29,430 | 22,485 | 17,619 | 8,801 | 12,825 | 13,043 | 16,978 | 7,586 | 5,140 | 9,615 | |
14 |
-208,507 | -196,669 | -109,516 | -68,331 | -50,929 | -64,969 | -93,255 | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
98,438 | 98,438 | 98,438 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
98,438 | 98,438 | 98,438 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
38,112 | 61,535 | 87,793 | 274,675 | 299,440 | 333,196 | 187,364 | 203,882 | 225,525 | 246,514 | 277,893 | 284,590 | 314,519 | 155,440 | 165,685 | 24,973 | 47,681 | 69,796 | 60,286 | |
17 |
14,374 | 28,200 | 54,611 | 215,876 | 106,244 | 131,098 | 155,171 | 178,497 | 201,112 | 223,028 | 244,357 | 264,346 | 283,565 | 145,205 | 154,081 | - | - | - | 12,164 | |
170/4 |
14,374 | 28,200 | 54,611 | 215,876 | 106,244 | 131,098 | 155,171 | 178,497 | 201,112 | 223,028 | 244,357 | 264,346 | 283,565 | 145,205 | 154,081 | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,164 | |
42/48 |
20,048 | 33,335 | 33,182 | 56,778 | 193,196 | 202,098 | 32,193 | 25,385 | 24,413 | 23,486 | 33,536 | 20,245 | 30,954 | 10,235 | 11,605 | 7,577 | 31,353 | 55,713 | 39,298 | |
42 |
13,825 | 27,008 | 26,265 | 40,360 | 24,854 | 24,073 | 23,326 | 22,615 | 21,916 | 21,329 | 20,142 | 19,220 | 18,541 | 8,876 | 8,471 | - | - | - | - | |
44 |
29 | - | 46 | 4,751 | 150,129 | 155,882 | 2,054 | 1,957 | 1,683 | 1,343 | 12,581 | 212 | 11,150 | 96 | - | 222 | 582 | 9,105 | - | |
440/4 |
29 | - | 46 | 4,751 | 150,129 | 155,882 | 2,054 | 1,957 | 1,683 | 1,343 | 12,581 | 212 | 11,150 | 96 | - | 222 | 582 | 9,105 | - | |
45 |
1,433 | 1,567 | 1,751 | 1,092 | 1,304 | 4,518 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
450/3 |
1,433 | 1,567 | 1,751 | 1,092 | 1,304 | 4,518 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
4,760 | 4,760 | 5,120 | 10,576 | 16,909 | 17,624 | 6,813 | 813 | 813 | 813 | 813 | 813 | 1,263 | 1,263 | 3,134 | 7,355 | 30,771 | 46,608 | 39,298 | |
492/3 |
3,689 | - | - | 2,021 | - | - | - | - | - | - | - | - | - | - | - | 17,396 | 16,328 | 14,083 | 8,824 | |
| Income statement | ||||||||||||||||||||
9900 |
27,023 | 10,749 | 406,245 | 31,399 | 62,282 | 54,026 | 49,433 | 38,336 | 49,766 | 39,570 | 50,206 | 56,599 | 52,961 | 49,162 | 30,376 | 43,136 | 18,251 | 22,179 | 29,733 | |
630 |
22,433 | 22,641 | 28,859 | 29,424 | 31,490 | 19,734 | 124,052 | 17,713 | 20,108 | 21,505 | 21,505 | 24,787 | 29,842 | 18,935 | 23,311 | 12,278 | 12,278 | 12,278 | 12,279 | |
631/4 |
- | 55,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
15,830 | 15,231 | 14,024 | 15,797 | 12,834 | 1,475 | 13,439 | 2,621 | 13,613 | 2,550 | 13,622 | 12,462 | 12,614 | 23,070 | 1,208 | 19,955 | 1,234 | 10,236 | 9,860 | |
9901 |
-11,239 | -82,983 | 363,362 | -13,822 | 17,959 | 32,817 | -88,058 | 18,002 | 16,044 | 15,515 | 15,079 | 19,350 | 10,505 | 7,157 | 5,857 | 10,903 | 4,739 | -335 | 7,595 | |
75/76B |
2,408 | 266 | 543 | 166 | 574 | 690 | 689 | 639 | 177 | 171 | 163 | 163 | 88 | 130 | 58 | 45 | 64 | 36 | 21 | |
75 |
2,408 | 266 | 543 | 166 | 574 | 690 | 689 | 639 | 177 | 171 | 163 | 163 | 88 | 130 | 58 | 45 | 64 | 36 | 21 | |
65/66B |
3,007 | 4,436 | 11,340 | 3,746 | 4,492 | 5,221 | 5,886 | 6,527 | 7,078 | 8,741 | 10,377 | 10,694 | 14,617 | 7,505 | 9,850 | 1,556 | 2,357 | 2,525 | 3,055 | |
65 |
3,007 | 4,436 | 11,340 | 3,746 | 4,492 | 5,221 | 5,886 | 6,527 | 7,078 | 8,741 | 10,377 | 10,694 | 14,617 | 7,505 | 9,850 | 1,556 | 2,357 | 2,525 | 3,055 | |
9903 |
-11,839 | -87,152 | 352,565 | -17,402 | 14,041 | 28,286 | -93,255 | 12,114 | 9,143 | 6,945 | 4,866 | 8,818 | -4,024 | -218 | -3,935 | 9,392 | 2,446 | -2,824 | 4,560 | |
680 |
- | - | 98,438 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,651 | 54 | |
9904 |
-11,839 | -87,152 | 254,128 | -17,402 | 14,041 | 28,286 | -93,255 | 12,114 | 9,143 | 6,945 | 4,866 | 8,818 | -4,024 | -218 | -3,935 | 9,392 | 2,446 | -4,475 | 4,506 | |
689 |
- | - | 295,313 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-11,839 | -87,152 | -41,185 | -17,402 | 14,041 | 28,286 | -93,255 | 12,114 | 9,143 | 6,945 | 4,866 | 8,818 | -4,024 | -218 | -3,935 | 9,392 | 2,446 | -4,475 | 4,506 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-208,507 | -196,669 | -109,516 | -68,331 | -50,929 | -64,969 | -93,255 | 12,114 | 9,143 | 6,945 | 4,866 | 8,818 | -4,024 | -218 | -3,935 | 9,392 | 2,446 | -4,475 | 4,300 | |
14P |
-196,669 | -109,516 | -68,331 | -50,929 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,024 | 218 | 3,935 | - | - | 4,475 | - | |
691/2 |
- | - | - | - | - | - | - | 12,114 | 9,143 | 6,945 | 4,866 | 8,818 | - | - | - | 9,392 | 2,446 | - | 4,300 | |
6921 |
- | - | - | - | - | - | - | 12,114 | 9,143 | 6,945 | 4,866 | 8,818 | - | - | - | 9,392 | 2,446 | - | 4,300 | |
| Document | ||||||||||||||||||||
The accounts for 16 older financial years (1991-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-02-2026.
2025 annual accounts filed 23 days after the deadline. Filed on 23 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00041948.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 23-02-2026 | 2026-00041948 | |
| 30-06-2024 | micro format | 11-02-2025 | 2025-00032925 | |
| 30-06-2023 | micro format | 05-02-2024 | 2024-00025351 | |
| 30-06-2022 | micro format | 06-02-2023 | 2023-00023236 | |
| 30-06-2021 | micro format | 24-02-2022 | 2022-06300270 | |
| 30-06-2020 | micro format | 24-02-2021 | 2021-06000422 | |
| 30-06-2019 | micro format | 20-02-2020 | 2020-05300075 | |
| 30-06-2018 | micro format | 12-02-2019 | 2019-04900346 | |
| 30-06-2017 | micro format | 23-02-2018 | 2018-05600323 | |
| 30-06-2016 | abbreviated format | 20-02-2017 | 2017-04800594 | |
| 30-06-2015 | abbreviated format | 18-02-2016 | 2016-04500302 | |
| 30-06-2014 | abbreviated format | 25-02-2015 | 2015-04800082 | |
| 30-06-2013 | abbreviated format | 25-02-2014 | 2014-04700358 | |
| 30-06-2012 | abbreviated format | 28-02-2013 | 2013-04900431 | |
| 30-06-2011 | abbreviated format | 27-02-2012 | 2012-04400581 | |
| 30-06-2010 | abbreviated format | 24-02-2011 | 2011-04100556 | |
| 30-06-2009 | abbreviated format | 25-02-2010 | 2010-05200193 | |
| 30-06-2008 | abbreviated format | 16-02-2009 | 2009-04400303 | |
| 30-06-2007 | abbreviated format | 27-12-2007 | 2007-84700113 | |
| 30-06-2006 | abbreviated format | 27-12-2006 | 2006-92603339 | |
| 30-06-2005 | abbreviated format | 28-12-2005 | 2005-92200410 | |
| 30-06-2004 | abbreviated format | 24-12-2004 | 2004-88001415 | |
| 30-06-2003 | abbreviated format | 10-12-2003 | 2003-82803996 | |
| 30-06-2002 | abbreviated format | 30-12-2002 | 2002-79604464 | |
| 30-06-2001 | abbreviated format | 27-12-2001 | 2001-78600288 | |
| 30-06-2000 | abbreviated format | 21-12-2000 | 2000-77101781 | |
| 30-06-1999 | abbreviated format | 08-12-1999 | 1999-62404417 | |
| 30-06-1998 | abbreviated format | 15-12-1998 | 1998-61704242 | |
| 30-06-1997 | abbreviated format | 30-12-1997 | 1997-59100422 | |
| 30-06-1996 | abbreviated format | 27-12-1996 | 1996-55101703 | |
| 30-06-1995 | abbreviated format | 13-12-1995 | 1995-59702893 | |
| 30-06-1994 | abbreviated format | 22-12-1994 | 1994-50901726 | |
| 30-06-1993 | abbreviated format | 29-12-1993 | 1993-47503085 | |
| 30-06-1992 | abbreviated format | 17-12-1992 | 1992-40704038 | |
| 30-06-1991 | abbreviated format | 17-12-1991 | 1991-32803981 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,193 | -60,342 | 392,221 | 15,602 | 49,448 | 52,551 | 35,994 | 35,715 | 36,152 | 37,020 | 36,584 | 44,136 | 40,347 | 26,092 | 29,168 | 23,181 | 17,017 | 11,944 | 19,873 | ||
| 10,594 | -64,512 | 282,986 | 12,021 | 45,530 | 48,020 | 30,797 | 29,827 | 29,251 | 28,450 | 26,370 | 33,605 | 25,818 | 18,717 | 19,376 | 21,671 | 14,724 | 7,803 | 16,785 | ||
| 0 | 0 | 0 | 0 | 0 | 188,243 | 0 | 0 | 9,395 | 0 | 0 | 0 | 185,222 | 0 | 167,504 | 0 | 0 | 0 | - | ||
| -37,455 | -35,176 | 153,545 | -17,391 | 12,148 | 12,010 | -1,190 | 1,922 | -11,075 | -231 | 1,267 | 1,424 | 6,774 | -8,148 | -9,862 | -1,034 | -7,395 | 8,561 | - | ||
| 149,940 | 149,482 | 240,405 | 22,267 | -101,407 | -122,083 | 42,212 | 34,741 | 27,529 | 29,590 | 22,469 | 16,087 | 1,702 | 22,745 | 12,904 | 24,347 | 1,608 | -15,362 | -16,260 | ||
| 73.1% | 70.6% | 71.7% | 44.1% | 43.9% | 39.8% | 50.6% | 58.3% | 54.8% | 51.7% | 48.0% | 47.0% | 43.6% | 61.4% | 59.9% | 91.0% | 83.5% | 77.4% | 80.2% | ||
| 8.48 | 5.48 | 8.25 | 1.39 | 0.48 | 0.40 | 2.31 | 2.37 | 2.13 | 2.26 | 1.67 | 1.79 | 1.05 | 3.22 | 2.11 | 4.21 | 1.05 | 0.72 | 0.59 | ||
| 0.10 | 0.16 | 0.19 | 1.27 | 1.28 | 1.51 | 0.98 | 0.71 | 0.83 | 0.93 | 1.08 | 1.13 | 1.29 | 0.63 | 0.67 | 0.10 | 0.20 | 0.29 | 0.25 | ||
| -3.2% | -22.7% | 54.0% | -8.0% | 6.0% | 12.8% | -48.6% | 4.2% | 3.3% | 2.6% | 1.9% | 3.5% | -1.7% | -0.1% | -1.6% | 3.7% | 1.0% | -1.9% | 1.8% | ||
| -2.3% | -16.0% | 38.7% | -3.5% | 2.6% | 5.1% | -24.6% | 2.5% | 1.8% | 1.4% | 0.9% | 1.6% | -0.7% | -0.1% | -1.0% | 3.4% | 0.8% | -1.4% | 1.5% | ||
| 3.72 | -13.60 | 34.59 | 4.16 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is a loss of €11,239, smaller than the loss of €82,983 in 2024.
Debt's share of the balance-sheet total falls from 11.3% to 7.5%. Equity and debt are lower.
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DEVAL has no parent and no holdings in its annual accounts. DEVAL shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
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Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Brakelsesteenweg 132 registered office 9406 Ninove | 20-03-1990 | 2.047.474.911 |
| 15-12-2025 | Granted | Functiewijziging zonder verbouwingswerken submitted 22-09-2025 · project 2025111817 | Ninove |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41055B0813/00M000 | 3,027 m² | 1 · 1,521 m² | 9.9 m · 3 |
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