Equity
LOGILEDER has made a profit without a break since 2016.
LOGILEDER has made a profit without a break since 2016.
Green is investment, beige is depreciation.
Short-term debts fell from €108,476 to €48,939.
Six of the last ten came late. The 2019 accounts came latest: 45 days after the end of the period.
Board changed. Latest change 17-06-2026 · 1 in office.
The dashed line is the sector median: 0.2% across 26,628 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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, micro). It does better than 91% of them on solvency, 61% on liquidity, 78% on profitability and 68% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 20,136 companies had the same profile as LOGILEDER has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of LOGILEDER itself: < 0.1% within 12 months.
The method was tested on the 497,446 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 20,136 companies, not a prediction for LOGILEDER. 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.
Liquidity is ample, with a current ratio of 12.73 (5.74 in 2024), above the usual 1.5. Short-term debt is 5.6% and cash 2.3% of total assets. 7.5% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| LOGILEDER Brussels | €878,120 | €114,496 | 92.5% | - |
| PAGOD Schaerbeek | €809,217 | €116,243 | 39.2% | - |
| S.L.K.A. Jette | €894,300 | €144,214 | -17.2% | - |
| sofiat Leuven | €874,461 | €112,265 | 97.3% | - |
| MATHI.EU Sint-Pieters-Leeuw | €898,732 | €117,240 | 43.4% | - |
| IMMO PASCALE Leuven | €974,672 | €113,809 | 11.4% | - |
| offiRent Herk-de-Stad | €967,709 | €120,417 | 69.1% | 1.4 |
These companies have the same main activity as LOGILEDER: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €809,000 and €975,000, founded between 2002 and 2005.
LOGILEDER has existed since 2003. The gross margin fell from €314,995 in 2006 to €114,496 in 2025.
The gross margin has grown every year since 2022. Solvency rose in 2025 from 84.0% to 92.5% because of the retained profit and lower debts.
ClaRetail holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €120,000 and €240,000.
Higher than 89% of 5,797 companies in 2025.
Higher than 90% of 5,548 companies in 2025.
Higher than 88% of 5,771 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
Total assets20/58 |
878,120 | 863,783 | 726,906 | 722,546 | 670,336 | 572,383 | 534,326 | 569,410 | 742,604 | 762,575 | 794,907 | 830,931 | 861,427 | 970,676 | 1.1m | 1.2m | 1.4m | 1.5m | 1.5m | 1.6m | |
Fixed assets21/28 |
254,898 | 241,390 | 243,004 | 255,229 | 265,965 | 304,388 | 377,279 | 454,180 | 544,744 | 635,309 | 721,288 | 741,537 | 817,729 | 896,344 | 974,959 | 1.1m | 1.2m | 1.2m | 1.3m | 1.4m | |
Tangible fixed assets22/27 |
254,898 | 241,390 | 243,004 | 255,229 | 265,965 | 304,388 | 377,279 | 454,180 | 544,744 | 635,309 | 717,940 | 741,537 | 817,729 | 896,344 | 974,959 | 1.1m | 1.2m | 1.2m | 1.3m | 1.4m | |
Land and buildings22 |
254,898 | 241,390 | 243,004 | 254,713 | 264,934 | 302,842 | 375,217 | 454,180 | 533,142 | 612,104 | 683,133 | 741,537 | 817,729 | 893,922 | 970,114 | 1.0m | 1.1m | 1.2m | 1.3m | 1.4m | |
Plant, machinery and equipment23 |
- | - | 0 | 516 | 1,031 | 1,546 | 2,062 | - | - | - | - | - | - | 2,422 | 4,845 | 7,586 | 10,442 | 13,298 | 21,060 | 28,822 | |
Furniture and vehicles24 |
- | - | - | - | - | - | - | - | 11,602 | 23,205 | 34,807 | - | - | - | - | - | - | - | - | - | |
Financial fixed assets28 |
- | - | - | - | - | - | - | - | - | - | 3,349 | - | - | - | - | - | - | - | - | - | |
Current assets29/58 |
623,222 | 622,393 | 483,902 | 467,317 | 404,371 | 267,994 | 157,047 | 115,230 | 197,859 | 127,266 | 73,619 | 89,394 | 43,697 | 74,332 | 98,622 | 106,187 | 206,081 | 203,349 | 226,436 | 207,659 | |
Amounts receivable within one year40/41 |
149,455 | 55,742 | 43,609 | 20,471 | 54,439 | 66,663 | 21,651 | 6,645 | 7,924 | 5,700 | 839 | 62,353 | 15,322 | 13,509 | 18,803 | 61,085 | 25,625 | 78,268 | 75,934 | 96,605 | |
Trade receivables40 |
49,097 | 40,762 | 27,093 | 8,984 | 4,966 | 22,293 | 21,651 | 6,645 | 4,877 | 1,163 | 839 | 62,353 | 15,322 | 13,509 | 18,803 | 61,085 | 25,625 | 62,785 | 60,452 | 96,605 | |
Other amounts receivable41 |
100,359 | 14,980 | 16,516 | 11,488 | 49,473 | 44,370 | - | - | 3,047 | 4,537 | 0 | - | - | - | - | - | - | 15,483 | 15,482 | - | |
Current investments50/53 |
450,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Cash at bank and in hand54/58 |
20,321 | 563,242 | 439,939 | 446,515 | 346,248 | 201,332 | 135,095 | 108,168 | 189,935 | 121,566 | 72,779 | 27,041 | 28,376 | 60,822 | 79,819 | 45,102 | 180,456 | 125,081 | 150,502 | 111,054 | |
Deferred charges and accrued income490/1 |
3,445 | 3,409 | 354 | 331 | 3,685 | - | 301 | 418 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
Total equity and liabilities10/49 |
878,120 | 863,783 | 726,906 | 722,546 | 670,336 | 572,383 | 534,326 | 569,410 | 742,604 | 762,575 | 794,907 | 830,931 | 861,427 | 970,676 | 1.1m | 1.2m | 1.4m | 1.5m | 1.5m | 1.6m | |
Equity10/15 |
812,121 | 725,794 | 652,295 | 592,328 | 537,230 | 502,719 | 496,451 | 450,274 | 581,811 | 546,307 | 522,626 | 560,825 | 562,003 | 608,287 | 641,584 | 670,733 | 272,678 | 297,954 | 287,600 | 217,555 | |
Contributions10/11 |
290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 62,000 | 62,000 | 62,000 | 62,000 | |
Capital10 |
290,000 | 290,000 | 290,000 | 290,000 | 290,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Issued capital100 |
290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 290,000 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 486,080 | 62,000 | 62,000 | 62,000 | 62,000 | |
Reserves13 |
29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 4,637 | |
Non-distributable reserves130/1 |
29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 4,637 | |
Profit (loss) carried forward14 |
493,121 | 405,354 | 330,295 | 259,706 | 193,986 | 148,854 | 131,963 | 75,165 | 0 | -23,326 | -57,628 | -30,051 | -39,505 | -3,853 | 18,812 | 37,329 | 52,722 | 67,376 | 46,400 | -32,704 | |
Investment grants15 |
- | 1,440 | 3,000 | 13,622 | 24,244 | 34,865 | 45,487 | 56,109 | 66,731 | 77,353 | 87,975 | 98,597 | 109,229 | 119,860 | 130,492 | 141,124 | 151,756 | 162,378 | 173,000 | 183,622 | |
Amounts payable17/49 |
65,999 | 137,988 | 74,612 | 130,218 | 133,107 | 69,664 | 37,876 | 119,136 | 160,793 | 216,268 | 272,280 | 270,106 | 299,424 | 362,389 | 431,997 | 501,073 | 1.1m | 1.2m | 1.2m | 1.4m | |
Amounts payable after more than one year17 |
- | 9,675 | - | - | - | - | - | 25,042 | 111,886 | 163,066 | 213,484 | 221,264 | 251,851 | 281,165 | 339,276 | 404,789 | 1.0m | 918,217 | 1.0m | 1.1m | |
Financial debts170/4 |
- | - | - | - | - | - | - | 25,042 | 111,886 | 163,066 | 213,484 | 221,264 | 251,851 | 281,165 | 339,276 | 404,789 | 1.0m | 918,217 | 1.0m | 1.1m | |
Other amounts payable178/9 |
- | 9,675 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts payable within one year42/48 |
48,939 | 108,476 | 74,612 | 130,218 | 133,107 | 69,664 | 37,876 | 94,095 | 48,907 | 53,202 | 58,796 | 48,842 | 47,573 | 81,223 | 92,721 | 96,283 | 56,992 | 216,319 | 205,951 | 217,718 | |
Current portion of amounts payable after more than one year42 |
- | - | - | - | - | - | 25,042 | 36,257 | 46,098 | 46,251 | 42,821 | 30,587 | 29,314 | 58,111 | 73,693 | 74,261 | 43,286 | 192,780 | 176,742 | 171,611 | |
Trade debts44 |
38,551 | 66,784 | 74,612 | 130,218 | 116,677 | 51,171 | 1,524 | 3,028 | 210 | 1,089 | 1,844 | 3,405 | 7,074 | 7,483 | 5,510 | 5,982 | 6,991 | 5,945 | 8,169 | 17,082 | |
Suppliers440/4 |
38,551 | 66,784 | 74,612 | 130,218 | 116,677 | 51,171 | 1,524 | 3,028 | 210 | 1,089 | 1,844 | 3,405 | 7,074 | 7,483 | 5,510 | 5,982 | 6,991 | 5,945 | 8,169 | 17,082 | |
Taxes, remuneration and social security45 |
10,388 | 41,691 | - | - | 16,429 | 18,493 | 11,310 | 24,140 | 2,600 | 5,862 | 14,132 | 14,850 | 11,185 | 15,630 | 13,518 | 16,040 | 6,715 | 17,594 | 21,040 | 29,025 | |
Taxes450/3 |
10,388 | 41,691 | - | - | 16,429 | 18,493 | 11,310 | 24,140 | - | 5,862 | 3,180 | 5,330 | 1,594 | 2,020 | 894 | 4,729 | 1,710 | 5,895 | 5,427 | 13,606 | |
Remuneration and social security454/9 |
- | - | - | - | - | - | - | - | 2,600 | - | 10,951 | 9,520 | 9,591 | 13,611 | 12,624 | 11,311 | 5,006 | 11,699 | 15,613 | 15,419 | |
Other amounts payable47/48 |
- | - | - | - | - | - | - | 30,669 | - | - | - | - | - | - | - | - | - | - | - | - | |
Accrued charges and deferred income492/3 |
17,060 | 19,838 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,023 | 18,023 | 18,023 | |
| Income statement | |||||||||||||||||||||
Turnover70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 230,418 | 259,174 | 259,929 | 315,374 | 400,734 | 417,044 | |
Non-recurring operating income76A |
- | - | - | - | - | - | - | - | - | - | - | 847 | 275 | - | - | - | - | - | - | 1,405 | |
Gross operating margin9900 |
114,496 | 101,111 | 96,578 | 88,961 | 89,955 | 85,869 | 153,052 | 183,722 | 157,885 | 155,681 | 156,650 | 165,269 | 117,116 | 159,813 | 162,489 | 179,726 | 188,209 | 239,298 | 298,093 | 314,995 | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 67,928 | 79,448 | 71,720 | 88,205 | 107,124 | 117,080 | |
Remuneration, social security and pensions62 |
- | - | - | - | - | - | - | 868 | 868 | 12,761 | 74,169 | 61,508 | 50,250 | 80,223 | 77,300 | 72,423 | 66,908 | 82,867 | 92,184 | 85,231 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
2,651 | 1,614 | 12,224 | 10,736 | 38,424 | 72,891 | 79,478 | 78,962 | 90,565 | 90,565 | 89,771 | 76,192 | 78,615 | 78,615 | 90,659 | 90,773 | 90,773 | 95,679 | 83,954 | 83,954 | |
Other operating charges640/8 |
665 | 490 | 483 | 446 | 348 | 446 | 868 | 22,248 | 22,609 | 21,574 | 22,595 | 20,847 | 24,491 | 19,812 | 18,397 | 13,851 | 16,278 | 230 | 1,360 | 4,491 | |
Non-recurring operating charges66A |
- | - | - | - | - | - | - | 136 | - | - | - | - | - | 145 | - | - | - | - | - | - | |
Operating profit (loss)9901 |
111,180 | 99,006 | 83,871 | 77,778 | 51,184 | 12,533 | 72,706 | 81,508 | 43,844 | 30,782 | -29,885 | 6,721 | -36,239 | -18,837 | -23,867 | 2,679 | 14,250 | 60,522 | 120,595 | 141,319 | |
Financial income75/76B |
6,117 | 1,560 | 10,631 | 10,632 | 10,653 | 10,622 | 10,623 | 10,625 | 10,625 | 10,638 | 10,655 | 11,224 | 11,786 | 10,849 | 11,755 | 12,257 | 11,686 | 14,566 | 13,856 | 10,820 | |
Recurring financial income75 |
6,117 | 1,560 | 10,631 | 10,632 | 10,653 | 10,622 | 10,623 | 10,625 | 10,625 | 10,638 | 10,655 | 11,224 | 11,786 | 10,849 | 11,755 | 12,257 | 11,686 | 14,566 | 13,856 | 10,820 | |
Financial charges65/66B |
665 | 486 | 385 | 783 | 275 | 634 | 2,229 | 3,934 | 5,747 | 7,261 | 8,594 | 9,190 | 11,227 | 14,664 | 17,518 | 30,085 | 25,258 | 51,025 | 53,837 | 60,791 | |
Recurring financial charges65 |
665 | 486 | 385 | 783 | 275 | 634 | 2,229 | 3,934 | 5,747 | 7,261 | 8,594 | 9,190 | 11,227 | 14,664 | 17,518 | 30,085 | 25,258 | 51,025 | 53,837 | 60,791 | |
Profit (loss) for the period before taxes9903 |
116,632 | 100,080 | 94,118 | 87,627 | 61,562 | 22,520 | 81,100 | 88,199 | 48,722 | 34,158 | -27,824 | 9,602 | -35,405 | -22,797 | -29,630 | -15,149 | 678 | 24,063 | 80,614 | 92,753 | |
Income taxes67/77 |
28,865 | 25,020 | 23,529 | 21,907 | 16,429 | 5,630 | 24,302 | 13,034 | -3 | -144 | -247 | 148 | 247 | -131 | -11,113 | 244 | 15,333 | 3,087 | -53 | 11 | |
Profit (loss) for the period9904 |
87,767 | 75,060 | 70,588 | 65,720 | 45,133 | 16,890 | 56,799 | 75,165 | 48,725 | 34,302 | -27,577 | 9,454 | -35,652 | -22,665 | -18,517 | -15,393 | -14,655 | 20,976 | 80,667 | 92,742 | |
Profit (loss) for the period to be appropriated9905 |
87,767 | 75,060 | 70,588 | 65,720 | 45,133 | 16,890 | 56,799 | 75,165 | 48,725 | 34,302 | -27,577 | 9,454 | -35,652 | -22,665 | -18,517 | -15,393 | -14,655 | 20,976 | 80,667 | 92,742 | |
| Appropriation of the result | |||||||||||||||||||||
Profit (loss) to be appropriated9906 |
493,121 | 405,354 | 330,295 | 259,706 | 193,986 | 148,854 | 131,963 | 75,165 | 25,400 | -23,326 | -57,628 | -30,051 | -39,505 | -3,853 | 18,812 | 37,329 | 52,722 | 67,376 | 47,963 | -28,067 | |
Profit (loss) brought forward from the previous period14P |
405,354 | 330,295 | 259,706 | 193,986 | 148,854 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
- | - | - | - | - | - | - | - | 22,800 | - | - | - | - | - | - | - | - | - | 1,563 | 4,637 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | 22,800 | - | - | - | - | - | - | - | - | - | 1,563 | 4,637 | |
Profit to be distributed694/7 |
- | - | - | - | - | - | - | - | 2,600 | - | - | - | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
- | - | - | - | - | - | - | - | 2,600 | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
Average staff (FTE)9087 |
- | - | - | - | - | - | - | - | - | 0.3 | 1.7 | 2 | 2 | 2.1 | 2 | 2 | 2 | 2.4 | 3 | 3 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | 518 | 2,762 | 2,194 | 2,052 | 3,561 | 3,608 | 3,070 | 3,108 | 4,508 | 5,038 | 5,038 | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) 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 accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 29-07-2026 | 2026-00369030 | |
| 31-12-2024 | full format | 30-08-2025 | 2025-00451576 | |
| 31-12-2023 | full format | 13-06-2024 | 2024-00130217 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00381985 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20372262 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-66600025 | |
| 31-12-2019 | micro format | 14-09-2020 | 2020-52600408 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-62000188 | |
| 31-12-2017 | full format | 17-06-2018 | 2018-21200274 | |
| 31-12-2016 | full format | 25-04-2017 | 2017-10000057 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-54200053 | |
| 31-12-2014 | full format | 25-05-2015 | 2015-13000438 | |
| 31-12-2013 | full format | 04-06-2014 | 2014-15600485 | |
| 31-12-2012 | full format | 06-06-2013 | 2013-16300365 | |
| 31-12-2011 | full format | 20-07-2012 | 2012-32200528 | |
| 31-12-2010 | full format | 09-06-2011 | 2011-16000350 | |
| 31-12-2009 | full format | 28-05-2010 | 2010-13800560 | |
| 31-12-2008 | full format | 20-05-2009 | 2009-15600308 | |
| 31-12-2007 | full format | 07-05-2008 | 2008-13500115 | |
| 31-12-2006 | full format | 25-04-2007 | 2007-12900098 | |
| 31-12-2005 | full format | 08-05-2006 | 2006-13603324 | |
| 31-12-2004 | full format | 03-05-2005 | 2005-14101981 | |
| 31-12-2003 | full format | 24-05-2004 | 2004-16302687 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 113,831 | 100,621 | 96,095 | 88,515 | 89,607 | 85,423 | 152,184 | 160,470 | 134,409 | 121,347 | 59,887 | 82,914 | 42,375 | 59,778 | 66,793 | 93,452 | 105,023 | 156,201 | 204,549 | 225,273 | |
| Cash flow | 90,418 | 76,674 | 82,812 | 76,457 | 83,556 | 89,781 | 136,277 | 154,127 | 139,290 | 124,867 | 62,195 | 85,647 | 42,962 | 55,949 | 72,143 | 75,380 | 76,119 | 116,655 | 164,621 | 176,696 | |
| Investment in fixed assets (approximation) | 16,159 | 0 | 0 | 0 | 0 | 0 | 2,577 | -11,602 | 0 | 7,934 | 69,522 | 0 | 0 | 0 | 0 | 0 | 0 | 46,899 | 0 | 15,602 | |
| Change in cash | -542,920 | 123,303 | -6,577 | 100,267 | 144,916 | 66,236 | 26,928 | -81,768 | 68,369 | 48,787 | 45,738 | -1,334 | -32,447 | -18,997 | 34,717 | -135,354 | 55,375 | -25,421 | 39,448 | - | |
| Working capital | 574,283 | 513,917 | 409,290 | 337,100 | 271,265 | 198,331 | 119,172 | 21,136 | 148,952 | 74,064 | 14,822 | 40,552 | -3,875 | -6,892 | 5,902 | 9,904 | 149,089 | -12,970 | 20,485 | -10,059 | |
| EBIT margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -10.4% | 1.0% | 5.5% | 19.2% | 30.1% | 33.9% | |
| Solvency | 92.5% | 84.0% | 89.7% | 82.0% | 80.1% | 87.8% | 92.9% | 79.1% | 78.3% | 71.6% | 65.7% | 67.5% | 65.2% | 62.7% | 59.8% | 57.2% | 20.0% | 20.5% | 18.9% | 13.7% | |
| Current ratio | 12.73 | 5.74 | 6.49 | 3.59 | 3.04 | 3.85 | 4.15 | 1.22 | 4.05 | 2.39 | 1.25 | 1.83 | 0.92 | 0.92 | 1.06 | 1.10 | 3.62 | 0.94 | 1.10 | 0.95 | |
| Debt to equity | 0.08 | 0.19 | 0.11 | 0.22 | 0.25 | 0.14 | 0.08 | 0.26 | 0.28 | 0.40 | 0.52 | 0.48 | 0.53 | 0.60 | 0.67 | 0.75 | 4.00 | 3.87 | 4.29 | 6.30 | |
| ROE | 10.8% | 10.3% | 10.8% | 11.1% | 8.4% | 3.4% | 11.4% | 16.7% | 8.4% | 6.3% | -5.3% | 1.7% | -6.3% | -3.7% | -2.9% | -2.3% | -5.4% | 7.0% | 28.0% | 42.6% | |
| ROA | 10.0% | 8.7% | 9.7% | 9.1% | 6.7% | 3.0% | 10.6% | 13.2% | 6.6% | 4.5% | -3.5% | 1.1% | -4.1% | -2.3% | -1.7% | -1.3% | -1.1% | 1.4% | 5.3% | 5.8% | |
| Interest coverage | over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Customer credit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30 days | 86 days | 36 days | 73 days | 55 days | 85 days | |
| Supplier credit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30 days | 27 days | 36 days | 25 days | 28 days | 53 days |
EBIT margin: not included in this filing.
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,159 | - | - | - | - |
| Depreciation and write-downs of the year | €2,651 | €1,614 | €12,224 | €10,736 | €38,424 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 12% higher than in 2024 and the highest since 2007. It is the fifth rise in a row, after the fall in 2020.
Debt's share of the balance-sheet total falls from 16.0% to 7.5%. Equity is higher and debt is lower.
Further up the chainIMMOBILIERE JAKSA NOUVELLE 100%
Source: shareholder structure in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of ClaRetail. Every holding stands with its own latest accounts.
| FLPV
registered office since 07-01-2014 · founded in 2014 |
total assets €363.7m (2025) 0543.873.060 |
| K.J. INVEST
registered office since 06-01-2014 · founded in 2014 |
total assets €182.9m (2025) 0543.791.403 |
| SEBARDINE
registered office since 22-04-1996 · founded in 1996 |
total assets €182.9m (2025) 0457.848.116 |
| FEJ
registered office since 14-09-1995 · founded in 1995 |
total assets €146.3m (2025) 0456.059.653 |
| BRIMARAL
registered office since 07-05-2014 · founded in 2014 |
total assets €76.3m (2025) 0551.987.408 |
| GOED V
registered office since 09-06-2021 · founded in 2021 |
total assets €67.5m (2025) 0769.499.515 |
| SAPEC
registered office since 01-01-1926 · founded in 1968 |
total assets €66.4m (2025) 0403.085.280 |
| IMMOBILIERE JAKSA NOUVELLE
registered office since 20-04-1989 · founded in 1989 |
6.2 FTE (2025) 0437.331.032 |
| 5A Belgium
registered office since 11-07-2025 · founded in 2025 · negative equity (2025) |
total assets €54.0m (2025) 1025.424.711 |
| DILIBEL
establishment since 01-12-2002 · founded in 1977 |
71 FTE (2025) 0417.280.736 |
| VM Vastgoedbeheer via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 16-08-2023 founded in 1989 · negative equity (2024) · group Emeria Benelux · accounts filed late |
141 FTE (2024) |
| ESSET BELUX via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 12-01-2023 founded in 2014 · negative equity (2025) · group Emeria Benelux |
21 FTE (2025) |
| VM RENTMEESTERSCHAP via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 01-12-2022 founded in 2001 · group Emeria Benelux · accounts filed late |
31 FTE (2024) |
| KEYSER CENTER via VAL U INVEST, at LOGILEDER until 2026 · Director · deed of 17-11-2025 founded in 2002 · accounts filed late |
total assets €3.1m (2024) |
| TEYC BELGIUM via VAL U INVEST, at LOGILEDER until 2026 · Director (not named in the articles) · deed of 26-01-2026 founded in 2014 · negative equity (2023) · accounts filed late |
turnover €2.0m (2023) |
| TREVI BRUXELLES via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 02-02-2022 founded in 1980 · negative equity (2025) · group Emeria Benelux |
13 FTE (2025) |
| TEYCSENNEBERG via VAL U INVEST, at LOGILEDER until 2026 · Director (not named in the articles) · deed of 03-10-2025 founded in 2013 · accounts filed late |
total assets €1.5m (2024) |
| BELGOTEYC via VAL U INVEST, at LOGILEDER until 2026 · Director (not named in the articles) · deed of 22-01-2026 founded in 2015 · accounts filed late |
total assets €1.2m (2024) |
| Syncura Services via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 01-12-2022 founded in 2009 · group Emeria Benelux · accounts filed late |
2.8 FTE (2024) |
| TEYC RETAIL via VAL U INVEST, at LOGILEDER until 2026 · Director (not named in the articles) · deed of 03-10-2025 founded in 2013 · accounts filed late |
total assets €351,823 (2024) |
| EMERIA BELGIUM via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 08-02-2022 founded in 2003 · group Emeria Benelux |
38 FTE (2025) |
| IMMOBILIERE JAKSA NOUVELLE via NEAR CONSULT (at LOGILEDER until 2026), What Els (at LOGILEDER until 2025) and VAL U INVEST (at LOGILEDER until 2026) · deeds of 09-02-2026, 05-03-2025 and 23-02-2023 founded in 1989 |
6.2 FTE (2025) |
| URBAN LIVING BELGIUM via VAL U INVEST, at LOGILEDER until 2026 · Director · deed of 18-07-2018 founded in 2010 |
total assets €60.3m (2025) |
| ASTERIA via VAL U INVEST, at LOGILEDER until 2026 · Director · deed of 12-11-2021 founded in 2001 |
38 FTE (2025) |
| Securex Immo via VAL U INVEST, at LOGILEDER until 2026 · Director · deed of 24-03-2022 founded in 2008 |
3.9 FTE (2025) |
| ARTONE via VAL U INVEST, at LOGILEDER until 2026 · Director · deed of 25-01-2024 founded in 2014 |
4.4 FTE (2025) |
| QUARES PROPERTY MANAGEMENT via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 24-01-2025 founded in 1999 · group Emeria Benelux |
27 FTE (2025) |
| QUARES INVEST via NEAR CONSULT, at LOGILEDER until 2026 · Class B director · deed of 29-01-2025 founded in 2010 · group Emeria Benelux |
turnover €1.7m (2025) |
| CODABEL GROUPE via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 31-12-2024 founded in 2019 · group Emeria Benelux |
total assets €7.9m (2025) |
| OFFICE DES PROPRIETAIRES BRUXELLES via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 03-02-2022 founded in 2011 · group Emeria Benelux |
23 FTE (2025) |
| TREVI WALLONIE via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 01-02-2022 founded in 2009 · group Emeria Benelux |
4.3 FTE (2025) |
| DOCKS MANAGEMENT via NEAR CONSULT, at LOGILEDER until 2026 · Class B director · deed of 02-02-2022 founded in 2020 |
3.3 FTE (2025) |
| EASY SYNDIC via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 04-07-2023 founded in 2014 · group Emeria Benelux |
39 FTE (2025) |
| NIVELLES OFFICE PARC 1 via NEAR CONSULT (at LOGILEDER until 2026), What Els (at LOGILEDER until 2025) and VAL U INVEST (at LOGILEDER until 2026) · deeds of 09-02-2026, 05-03-2025 and 28-12-2023 founded in 2014 |
total assets €2.7m (2025) |
| MOZART INVEST via NEAR CONSULT (at LOGILEDER until 2026), What Els (at LOGILEDER until 2025) and VAL U INVEST (at LOGILEDER until 2026) · Director · deeds of 09-02-2026, 25-09-2025 and 28-12-2023 founded in 2007 |
total assets €2.2m (2025) |
| QUARES FACILITY MANAGEMENT via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 24-01-2025 founded in 2004 · group QUARES HOLDING |
4.1 FTE (2025) |
| CODABEL MANAGEMENT via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 14-11-2024 founded in 2015 · group Emeria Benelux |
5.6 FTE (2025) |
| QUARES RESIDENTIAL AGENCY via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 29-01-2025 founded in 2004 · group Emeria Benelux |
5.7 FTE (2025) |
| IMMOBE MANAGEMENT via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 02-02-2022 founded in 2018 · group Emeria Benelux |
3.9 FTE (2025) |
| GESTEA via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 17-08-2022 founded in 2012 · group Emeria Benelux |
3.1 FTE (2025) |
| AUVITRADE BELGIUM via NEAR CONSULT (at LOGILEDER until 2026), What Els (at LOGILEDER until 2025) and VAL U INVEST (at LOGILEDER until 2026) · Director · deeds of 09-02-2026, 05-03-2025 and 29-08-2023 founded in 2001 |
total assets €646,660 (2025) |
| IMOZIN via NEAR CONSULT (at LOGILEDER until 2026), What Els (at LOGILEDER until 2025) and VAL U INVEST (at LOGILEDER until 2026) · deeds of 09-02-2026, 05-03-2025 and 28-12-2023 founded in 2011 |
total assets €201,885 (2025) |
| CONSTATIMMO via NEAR CONSULT, at LOGILEDER until 2026 · Class B director · deed of 27-02-2025 |
founded in 2025 |
| PROMETHEUS CAPITAL via VAL U INVEST, at LOGILEDER until 2026 · Director (not named in the articles) · deed of 30-12-2024 |
founded in 2019 |
| Re Vue via What Els, at LOGILEDER until 2025 · Director · deed of 07-07-2026 |
founded in 2026 |
| HONESTY 4 EXPLOITATION SRL via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 15-07-2024 No longer active · group Emeria Benelux |
23 FTE (2024) |
| BRESS via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 17-05-2022 No longer active |
total assets €1.9m (2022) |
| Insures via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 01-12-2022 No longer active · group Emeria Benelux |
7.1 FTE (2025) |
| Promimo Syndic via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 19-04-2022 No longer active |
3.5 FTE (2021) |
| TREVI VLAANDEREN SYNDICUS via NEAR CONSULT, at LOGILEDER until 2026 · Class B director · deed of 01-02-2022 No longer active |
total assets €315,084 (2023) |
| PRO-PLAN FINANCE & INSURANCE via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 20-10-2022 No longer active |
total assets €214,257 (2023) |
| Woonservice via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 09-02-2023 No longer active · group Emeria Benelux |
1.4 FTE (2023) |
| H.V.B. GERANCE & GESTION DE BIENS IMMOBILIERS via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 02-02-2022 No longer active |
total assets €122,339 (2021) |
| P.G.I. EXPERT via NEAR CONSULT, at LOGILEDER until 2026 · Class B director · deed of 15-07-2024 No longer active |
total assets €98,677 (2024) |
| GESTION ET IMMEUBLE via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 01-04-2022 No longer active |
total assets €31,427 (2021) |
| SMART SYNDIC via NEAR CONSULT, at LOGILEDER until 2026 · Director · deed of 17-03-2022 No longer active |
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Louizalaan 240 registered office 1050 Ixelles 5210002 Warehousing and storage | 24-02-2003 | 2.123.578.933 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21807G0121/00A008 | 975 m² | 1 · 1,484 m² | 31.4 m · 6 |
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