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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
88 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AG REAL ESTATE from Brussel, company number BE0403231968, closed financial year 2025 with a result of € 149.1 million after tax. For that financial year AG REAL ESTATE recorded revenue of € 33.7 million and equity of € 1.5 billion. Compared with financial year 2024, the result moved from € 1 million to € 149.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 14, 2026.
€ 1.5 billion
▲ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 149.1 million
▲ € 148.1 million vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 110 million paid out
74 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
141.4
▼ 7.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 20.8 million
▼ 3% vs 2024
€ 147,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 46,238
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7.6 million
▲ 281% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 94 days on average.
€ 5.4 million
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 33,111,159 | € 32,024,891 | € 31,977,457 | € 33,739,068 | ▲ 6% |
| Profit after taxes | € 29,745,283 | € -6,865,105 | € 1,045,311 | € 149,109,140 | ▲ € 148.1 million |
| Equity | € 900,376,210 | € 860,011,105 | € 836,056,415 | € 1,531,355,643 | ▲ 83% |
| Total debts | € 15,505,462 | € 14,191,156 | € 33,169,822 | € 22,222,095 | ▼ 33% |
| Cash | € 4,747 | € 4,097,424 | € 730,082 | € 1,333,576 | ▲ 83% |
| Land & buildings | € 58,649,865 | € 48,310,639 | € 46,058,244 | € 33,687,389 | ▼ 27% |
| Retained profit | € 490,463,757 | € 450,098,652 | € 426,143,963 | € 465,253,102 | ▲ 9% |
| Dividend | € 0 | € 33,500,000 | € 25,000,000 | € 110,000,000 | ▲ € 85 million |
| Balance sheet total | € 919,711,915 | € 896,087,330 | € 894,685,925 | € 1,580,079,880 | ▲ 77% |
| Employees (FTE) | 145.5 | 149.4 | 148.9 | 141.4 | ▼ 7.5 |
Key figures of AG REAL ESTATE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AG REAL ESTATE?
What happened at AG REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Serge FAUTRÉ stepped down as director. NBB
- LAURENT STALENS RE SRL stepped down as director. NBB
- Emmanuel VAN GRIMBERGEN stepped down as director. NBB
- AMAURY DE CROMBRUGGHE SRL stepped down as director. NBB
- MARC VAN BEGIN SRL stepped down as director. NBB
- AMAND BENOÎT D'HONDT SRL stepped down as director. NBB
- Karel TANGHE stepped down as director. NBB
- Wim GUILLIAMS stepped down as director. NBB
In short
From € 29.7 million profit in 2022 to € 149.1 million profit in 2025.
Paid € 7.9 million in corporate taxes since 2022.
Best year ever: 2025, with € 149.1 million profit.
Paid out € 168.5 million in dividends to the owners in total.
A new publication or filing at AG REAL ESTATE? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 100% of AIRPORT DEVELOPMENT, 100% of AG REAL ESTATE COPRODUCTION IN DEVELOPMENT, 100% of EDIMO, 100% of ACA WERKRUIMTE, 100% of AG REAL ESTATE FINANCE and 100% of AG REAL ESTATE WESTINVEST itself.
Directors
According to the 2025 annual accounts
Serge FAUTRÉ
Managing director
Also active at: AG REAL ESTATE LAND, AG REAL ESTATE FINANCE, PORTICI, AG Real Estate Asset Management, AG FINANCE, CANAL WHARF, CAVELL PROJECTS, CENTRE 58 +4 more
since 2021 · until 2027
Director · represented by Laurent STALENS
Also active at: LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT, INTERPARKING, Le Patrimoine immobilier - Het Onroerende Vermogen, Citymo, AG REAL ESTATE LAND, NOUVELLES GALERIES DU BOULEVARD ANSPACH, SEAFRONT ZEEBRUGGE, SOFINSUD +38 more
since 2022 · until 2027
Emmanuel VAN GRIMBERGEN
Director
since 2024 · until 2027
Director · represented by Amaury DE CROMBRUGGHE
Also active at: Brussels International Trade Mart Ltd. and Co., TOLEDA INVEST, Citymo, JEAN CRAB ET SES FILS, NOUVELLES GALERIES DU BOULEVARD ANSPACH, Brussels International Cash and Carry Center, GALERIES SAINT-LAMBERT, SEAFRONT ZEEBRUGGE +51 more
since 2021 · until 2027
Director · represented by Marc VAN BEGIN
Also active at: LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT, INTERPARKING, Le Patrimoine immobilier - Het Onroerende Vermogen, Brussels International Trade Mart Ltd. and Co., Citymo, AG REAL ESTATE LAND, NOUVELLES GALERIES DU BOULEVARD ANSPACH, GALERIES SAINT-LAMBERT +70 more
since 2021 · until 2027
Director · represented by Amand Benoit D'HONDT
Also active at: INTERPARKING, L'INVESTISSEMENT FONCIER BOULEVARD DE WATERLOO, AG Real Estate Asset Management, ANIMA, AG HEYLEN WAREHOUSES, AMPLA HOUSE PROPERTIES, AIRPORT DEVELOPMENT, COHABS GROUP +10 more
since 2024 · until 2027
since 2023 · until 2027
Wim GUILLIAMS
Director
since 2021 · until 2027
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Kunstlaan 58
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 88 companies are registered at this address.
All companies at this address →LE CERTIFICAT FONCIER - HET VASTGOEDCERTIFICAAT same network
€ 1.1 million gross margin · 2025
Le Patrimoine immobilier - Het Onroerende Vermogen same network
€ -67,550 gross margin · 2025
Thilly Reinsurance Services
Citymo same network
€ 14 million revenue · 2025
AG REAL ESTATE LAND same network
€ 986,377 revenue · 2025
+83 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0403.231.968
- VAT number
- BE 0403.231.968
- Registered office
- Kunstlaan 58, 1000 Brussel
- Names & denominations
- AG REAL ESTATE · AG RE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1934
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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