Makelaarshuys
Annual accounts 2025
micro format, filed on 13-07-2026, 18 days before the deadlineGross margin
€386,415
▲ 90.3%
Operating result
€299,113
▲ 61.8%
Profit
€206,864
▲ 49.5%
Working capital
€379,026
▲ 12.8%
Solvency
31.6%
▲ 8.4 percentage points
Current ratio
1.54
▲ 0.28
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 ≈ €440,000. Estimated: probably between €390,000 and €500,000.
Balance sheet
balance sheet total €1.1m on 31-12-2025What the company ownsHow it is paid for
Change in equityin euro
Change in cashin €m
Position in the sector
Solvency31.6%
Higher than 52% of 17,175 companies in 2025.
Current ratio1.54
Higher than 60% of 16,472 companies in 2025.
Return on assets18.4%
Higher than 84% of 16,851 companies in 2025.
Makelaarshuys
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
Total assets20/58 |
1.1m | 1.6m | 887,185 | 598,193 | 433,098 | |
Formation expenses20 |
- | - | - | 0 | 291 | |
Fixed assets21/28 |
44,004 | 47,179 | 56,108 | 34,788 | 858 | |
Intangible fixed assets21 |
10,552 | - | - | - | - | |
Tangible fixed assets22/27 |
33,190 | 46,917 | 55,846 | 34,788 | 858 | |
Plant, machinery and equipment23 |
2,955 | 4,160 | 5,188 | 1,785 | 858 | |
Furniture and vehicles24 |
2,311 | 3,659 | 4,530 | 2,463 | - | |
Other tangible fixed assets26 |
27,924 | 39,098 | 46,128 | 30,541 | - | |
Financial fixed assets28 |
262 | 262 | 262 | - | - | |
Current assets29/58 |
1.1m | 1.6m | 831,077 | 563,405 | 431,950 | |
Amounts receivable within one year40/41 |
21,144 | 829,844 | 26,358 | 88,306 | 40,321 | |
Trade receivables40 |
15,149 | 826,952 | 25,972 | 87,462 | 29,486 | |
Other amounts receivable41 |
5,995 | 2,892 | 386 | 844 | 10,835 | |
Current investments50/53 |
- | - | - | - | 231,463 | |
Cash at bank and in hand54/58 |
1.0m | 767,860 | 795,781 | 472,380 | 157,751 | |
Deferred charges and accrued income490/1 |
14,878 | 4,475 | 8,938 | 2,718 | 2,415 | |
| Balance sheet: equity and liabilities | ||||||
Total equity and liabilities10/49 |
1.1m | 1.6m | 887,185 | 598,193 | 433,098 | |
Equity10/15 |
354,665 | 383,095 | 480,017 | 315,532 | 135,421 | |
Contributions10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
Reserves13 |
344,665 | 373,095 | 470,017 | 305,532 | 125,421 | |
Distributable reserves133 |
344,665 | 373,095 | 470,017 | 305,532 | 125,421 | |
Profit (loss) carried forward14 |
0 | 0 | - | - | - | |
Provisions and deferred taxes16 |
68,365 | - | - | - | - | |
Provisions for liabilities and charges160/5 |
68,365 | - | - | - | - | |
Other liabilities and charges164/5 |
68,365 | - | - | - | - | |
Amounts payable17/49 |
699,255 | 1.3m | 407,168 | 282,661 | 297,677 | |
Amounts payable within one year42/48 |
699,255 | 1.3m | 407,168 | 282,661 | 297,677 | |
Financial debts43 |
616,234 | 1.2m | 339,196 | 211,949 | 247,729 | |
Credit institutions430/8 |
229 | 183 | 835 | 949 | 217 | |
Other loans439 |
616,005 | 1.2m | 338,361 | 211,000 | 247,513 | |
Trade debts44 |
6,578 | 31,636 | 10,188 | 22,029 | 11,522 | |
Suppliers440/4 |
6,578 | 31,636 | 10,188 | 22,029 | 11,522 | |
Taxes, remuneration and social security45 |
69,160 | 52,175 | 51,280 | 39,494 | 33,594 | |
Taxes450/3 |
53,366 | 25,962 | 25,967 | 24,015 | - | |
Remuneration and social security454/9 |
15,795 | 26,213 | 25,313 | 15,479 | 33,594 | |
Other amounts payable47/48 |
7,283 | 2,340 | 6,504 | 9,189 | 4,832 | |
| Income statement | ||||||
Gross operating margin9900 |
386,415 | 203,064 | 229,036 | 245,929 | 164,336 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
15,941 | 15,389 | 11,636 | 3,175 | 828 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | 0 | 1,839 | 5,988 | - | |
Provisions for liabilities and charges: additions (uses and reversals)635/8 |
68,365 | - | - | - | - | |
Other operating charges640/8 |
2,996 | 2,800 | 2,077 | 1,591 | 1,104 | |
Operating profit (loss)9901 |
299,113 | 184,875 | 213,484 | 235,174 | 162,404 | |
Financial income75/76B |
79 | 28 | 6,151 | 0 | 16 | |
Recurring financial income75 |
79 | 28 | 0 | 0 | 16 | |
Non-recurring financial income76B |
- | 0 | 6,151 | - | - | |
Financial charges65/66B |
3,262 | 3,136 | 1,030 | 908 | 575 | |
Recurring financial charges65 |
3,262 | 3,136 | 1,030 | 908 | 575 | |
Profit (loss) for the period before taxes9903 |
295,930 | 181,766 | 218,605 | 234,267 | 161,845 | |
Income taxes67/77 |
89,066 | 43,394 | 54,120 | 54,156 | 36,424 | |
Profit (loss) for the period9904 |
206,864 | 138,372 | 164,485 | 180,111 | 125,421 | |
Profit (loss) for the period to be appropriated9905 |
206,864 | 138,372 | 164,485 | 180,111 | 125,421 | |
| Appropriation of the result | ||||||
Profit (loss) to be appropriated9906 |
206,864 | 138,372 | 164,485 | 180,111 | 125,421 | |
Transfer from equity791/2 |
235,294 | 235,294 | - | - | - | |
Transfer to equity691/2 |
206,864 | 138,372 | 164,485 | 180,111 | 125,421 | |
To other reserves6921 |
206,864 | 138,372 | 164,485 | 180,111 | 125,421 | |
Profit to be distributed694/7 |
235,294 | 235,294 | - | - | - | |
Return on contributions (dividend)694 |
235,294 | 235,294 | - | - | - | |
| Document | ||||||
The notes to these accounts have 18 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 13-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00283606 | |
| 31-12-2024 | micro format | 10-09-2025 | 2025-00488006 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00143826 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00207821 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20081375 |
Subsidies and aid
Flemish government 2023 to 2024, 2 entries, €308 awarded, €308 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €158 | €158 |
| 2023 | 1 | €150 | €150 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| EBITDA | 315,055 | 200,264 | 225,120 | 238,350 | 163,232 | |
| Cash flow | 222,805 | 153,762 | 176,121 | 183,286 | 126,250 | |
| Investment in fixed assets | 12,766 | 6,460 | 35,805 | 36,815 | 895 | |
| Change in cash | 274,401 | -27,922 | 323,401 | 314,630 | - | |
| Working capital | 379,026 | 335,916 | 423,909 | 280,744 | 134,273 | |
| Solvency | 31.6% | 23.2% | 54.1% | 52.7% | 31.3% | |
| Current ratio | 1.54 | 1.27 | 2.04 | 1.99 | 1.45 | |
| Debt to equity | 1.97 | 3.31 | 0.85 | 0.90 | 2.20 | |
| ROE | 58.3% | 36.1% | 34.3% | 57.1% | 92.6% | |
| ROA | 18.4% | 8.4% | 18.5% | 30.1% | 29.0% | |
| Interest coverage | 96.58 | 63.85 | over 100 | over 100 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,806 | €6,460 | €35,543 | €36,815 | €895 |
| Intangible fixed assets | €10,960 | - | - | - | - |
| Financial fixed assets | €0 | - | €262 | - | - |
| Depreciation and write-downs of the year | €15,941 | €15,389 | €11,636 | €3,175 | €828 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Makelaarshuys
The operating result for 2025 is 62% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 76.8% to 62.3%. Equity and debt are lower.