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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
97 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CBRE Investment Management Belgium from Etterbeek, company number BE0413280772, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year CBRE Investment Management Belgium recorded revenue of € 4.2 million and equity of € 10.9 million. Compared with financial year 2024, the result moved from € 534,102 to € 1.4 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 June 12, 2026.
€ 10.9 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 162% vs 2024
Profit after tax over the fiscal year.
€ 9.5 million
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 10.8 million.
People and assets in 2025
5
Average over the fiscal year, from the social balance sheet.
€ 568,092
▼ 57% vs 2024
€ 113,600 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.
€ 25,172
▼ 19% 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.
€ 322,196
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 58 days on average.
€ 572,922
▲ 162% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,287,720 | € 4,309,584 | € 4,076,531 | € 4,180,968 | ▲ 3% |
| Profit after taxes | € 504,624 | € 818,665 | € 534,102 | € 1,400,395 | ▲ 162% |
| Equity | € 8,139,308 | € 8,957,973 | € 9,492,075 | € 10,892,470 | ▲ 15% |
| Total debts | € 1,341,307 | € 690,863 | € 1,313,788 | € 895,118 | ▼ 32% |
| Cash | € 7,701,974 | € 8,934,626 | € 9,302,723 | € 9,496,656 | ▲ 2% |
| Retained profit | € 8,077,308 | € 8,895,973 | € 9,430,075 | € 10,830,470 | ▲ 15% |
| Balance sheet total | € 9,480,615 | € 9,648,836 | € 10,805,863 | € 11,787,588 | ▲ 9% |
| Employees (FTE) | 7.5 | 7.8 | 5 | 5 |
Key figures of CBRE Investment Management Belgium, 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 CBRE Investment Management Belgium?
What happened at CBRE Investment Management Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ARDEF SRL stepped down as director. NBB
- Wail Kodoud stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 million (▲ 162% vs 2024). Source: NBB ↗
- ARDEF SRL became a director. NBB
- Wail Kodoud became a director. NBB
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 504,624 profit in 2022 to € 1.4 million profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.4 million profit.
Pays suppliers within 58 days on average.
Management
The shares are held by CBRE Investment Management Europe B.V. (100%).
Directors
According to the 2025 annual accounts
Director · represented by Arthur De Four
Also active at: REI Belgium Fonsny, Europe Logistics Partners Mechelen, Europe Logistics Partners Liège I, REI BELGIUM PUURS, BAMBUS, Europe Logistics Partners Willebroek II, Shopping Rive Gauche, Résidence Rive Gauche +12 more
since 2025 · until 2030
Wail Kodoud
Managing director
since 2024 · until 2030
Shareholders
CBRE Investment Management Europe B.V.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Belliardstraat 40 box 6
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 97 companies are registered at this address.
All companies at this address →ASSOCIATION EUROPEENNE DU CHARBON ET DU LIGNITE
The European Petrochemical Association
€ 2.7 million gross margin · 2025
CONSEIL EUROPEEN DE L'INDUSTRIE CHIMIQUE - EUROPEAN CHEMICAL INDUSTRY COUNCIL
€ 4.4 million revenue · 2025
Plastics Europe
CENTRE EUROPEEN D'ECOTOXICOLOGIE ET DE TOXICOLOGIE DES PRODUITS CHIMIQUES - EUROPEAN CENTRE FOR ECOTOXICOLOGYAND TOXICOLOGY OF CHEMICALS
€ 858,238 gross margin · 2025
+92 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
- 0413.280.772
- VAT number
- BE 0413.280.772
- Registered office
- Belliardstraat 40 bus 6, 1040 Etterbeek
- Names & denominations
- CBRE Investment Management Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 May 1973
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- 0032 2 550 02 60
- Activities · NACE
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