Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
REAL VERHUUR from Sint-Gillis-Waas, company number BE0436236615, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year REAL VERHUUR recorded revenue of € 14.6 million and equity of € 8.4 million. Compared with financial year 2024, the result moved from € 672,763 to € 1.2 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 4, 2026.
€ 8.4 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▲ 79% vs 2024
Profit after tax over the fiscal year.
€ 904,534
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 350,000 paid out
29 % of the profit went to the shareholders, mostly to Moortgat Mometal (100 % of the shares). That is where the money ends up.
People and assets in 2025
31.9
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▼ 6% vs 2024
€ 69,600 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.
€ 182,982
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.6 million
Loans from banks and other lenders, long and short.
€ 1.8 million
▲ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 70 days on average.
€ 582,643
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,338,848 | € 13,311,901 | € 12,236,145 | € 14,596,637 | ▲ 19% |
| Profit after taxes | € 1,894,691 | € 1,068,096 | € 672,763 | € 1,203,343 | ▲ 79% |
| Equity | € 6,494,983 | € 7,263,078 | € 7,585,842 | € 8,439,185 | ▲ 11% |
| Total debts | € 3,180,035 | € 11,873,708 | € 10,162,482 | € 11,247,099 | ▲ 11% |
| Cash | € 984,107 | € 1,021,359 | € 1,106,484 | € 904,534 | ▼ 18% |
| Land & buildings | € 178,707 | € 184,652 | € 174,770 | € 164,645 | ▼ 6% |
| Retained profit | € 6,425,153 | € 7,193,249 | € 7,516,012 | € 8,369,355 | ▲ 11% |
| Dividend | € 360,000 | € 300,000 | € 350,000 | € 350,000 | |
| Bank debt | € 0 | € 2,600,000 | € 2,600,000 | € 2,600,000 | |
| Balance sheet total | € 10,078,203 | € 19,631,504 | € 18,211,770 | € 20,045,534 | ▲ 10% |
| Employees (FTE) | 33.2 | 31.8 | 34.6 | 31.9 | ▼ 2.7 |
Key figures of REAL VERHUUR, 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 REAL VERHUUR?
What happened at REAL VERHUUR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▲ 79% vs 2024). Source: NBB ↗
- New establishment in Sint-Gillis-Waas. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.9 million profit in 2022 to € 1.2 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.9 million profit.
Paid out € 1.4 million in dividends to the owners in total.
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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
The stake of Moortgat Mometal comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
REAL VERHUURBehind REAL VERHUUR is Unitea NV. The shares are held by Moortgat Mometal (100%). It owns 100% of Modulco itself.
Directors
According to the 2025 annual accounts
Director · represented by Kenneth Depuydt
Also active at: Limba, Power Industrial Manufacturing Association, REAL CORPORATION, Moortgat Mometal, Industriële Dak- en Wandbekleding, MODULCO
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Kluizenhof(SGW) 25
9170 Sint-Gillis-Waas
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.236.615
- VAT number
- BE 0436.236.615
- Registered office
- Kluizenhof(SGW) 25, 9170 Sint-Gillis-Waas
- Names & denominations
- REAL VERHUUR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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