Active · per the CBE, 30 September 2026

REIC

BE0406196309

Rechtspersoon Public limited company 1 establishment

REIC is a property company in Wielsbeke. Public Limited, started on 4 October 1968, 1 establishment.

Lindestraat 4, 8710 Wielsbeke

Active for

57 year, 11 months

Financials

Financial year 2025

REIC from Wielsbeke, company number BE0406196309, closed financial year 2025 with a result of € -1,372 after tax. For that financial year REIC recorded a gross margin of € 265,258 and equity of € 9.4 million. Compared with financial year 2024, the result moved from € 83,049 to € -1,372. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.

What it is worth Healthy

€ 9.4 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -1,372

▼ still € 83,049 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 93,065

▲ 18% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 5.2 million.

People and assets in 2025

Full-time equivalents

1

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 57,542

▲ 4% vs 2024

€ 57,500 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.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 59,143

▲ 26% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 38,540

▲ € 31,716 vs 2024

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
2022202320242025Change 2024 → 2025
Gross margin € 2,341,757 € 425,352 € 262,449 € 265,258 ▲ 1%
Profit after taxes € 1,615,813 € 247,762 € 83,049 € -1,372 ▼ € 84,421
Equity € 9,801,281 € 9,649,044 € 9,382,812 € 9,381,440
Total debts € 2,147,624 € 992,136 € 555,920 € 102,113 ▼ 82%
Cash € 5,358,974 € 483,924 € 79,179 € 93,065 ▲ 18%
Land & buildings € 5,954,945 € 7,516,332 € 9,396,411 € 9,231,635 ▼ 2%
Retained profit € 5,601,281 € 5,449,044 € 5,182,812 € 5,181,440
Dividend € 2,000,000 € 400,000 € 500,000 € 0 ▼ 100%
Balance sheet total € 12,833,848 € 11,508,274 € 10,633,005 € 10,135,131 ▼ 5%
Employees (FTE) 1 1 1 1

Key figures of REIC, 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 REIC?

What happened at REIC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

  • Francis De Clerck stepped down as director. NBB
  • Thimothy Vuylsteke stepped down as director. NBB
  • Nicolas Vandekerckhove stepped down as director. NBB
  • Hans Bourdeaud'huy stepped down as director. NBB
  • Thomas Avet stepped down as director. NBB
  • Caroline De Clerck stepped down as director. NBB
  • New annual accounts for financial year 2025: loss of € 1,372 (▼ € 84,421 vs 2024). Source: NBB ↗
  • Thimothy Vuylsteke became a director. NBB

In short

From € 1.6 million profit in 2022 to € 1,372 loss in 2025.

Paid € 731,404 in corporate taxes since 2022.

Best year ever: 2022, with € 1.6 million profit.

On average € 265,300 of value added per employee in 2025.

Management

Directors

According to the 2025 annual accounts

Francis De Clerck

Managing director

Also active at: BELOS, BFS Europe NV, BEAULIEU FABRICS, OOSTIMMO, INTERDEKO, B.I.G. Yarns Europe, BURCHTDAM, Magnifield Europe +11 more

since 2014 · until 2027

Thimothy Vuylsteke

Director

since 2019 · until 2027

Nicolas Vandekerckhove

Director

Also active at: IMMO VDK, VAJAMA, NICCON, V-DC INVEST, BANDENBEDRIJF VANDEKERCKHOVE

since 2019 · until 2027

Hans Bourdeaud'huy

Director

Also active at: BEDRIJVENCENTRUM REGIO WAREGEM

since 2011 · until 2027

Thomas Avet

Director

since 2019 · until 2027

since 2019 · until 2027

Establishments

Establishment units

Physical locations of this company

Registered office

Lindestraat 4

8710 Wielsbeke

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0406.196.309
VAT number
BE 0406.196.309
Registered office
Lindestraat 4, 8710 Wielsbeke
Names & denominations
REIC
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Normale toestand
Start date
4 October 1968
Peppol
Active · Active since 22 Sept 2025
Activities · NACE

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Algemene bouw van residentiële gebouwen

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed

Algemene bouw van andere niet-residentiële gebouwen

Ontwikkeling van residentiële bouwprojecten

Bemiddeling in verband met exploitatie van en handel in onroerend goed

Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis

Frequently asked questions

What does REIC do?
REIC is a property company in Wielsbeke. Public Limited, started on 4 October 1968, 1 establishment.
What is the address of REIC?
The registered office of REIC is located at Lindestraat 4, 8710 Wielsbeke.
Is REIC still active?
Yes. According to the CBE (30 September 2026) REIC is active, legal situation “Normale toestand”, started on 4 October 1968.
Is REIC registered on Peppol?
Yes, REIC is registered on the Peppol network with ID 0208:0406196309.
What is the enterprise number of REIC?
The enterprise number of REIC is BE0406196309.
When was REIC founded?
REIC was founded on 4 October 1968.