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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
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMMOBILIERE DE RESTAURANTS ET CAFES from Ternat, company number BE0438931532, closed financial year 2025 with a result of € 3.3 million after tax. For that financial year IMMOBILIERE DE RESTAURANTS ET CAFES recorded revenue of € 11.6 million and equity of € 73.5 million. Compared with financial year 2024, the result moved from € 3.1 million to € 3.3 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 3, 2026.
€ 73.5 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.3 million
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 2.5 million
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 223,855 paid out
7 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
10.9
▲ 2.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 783,854
▲ 27% vs 2024
€ 71,900 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.
€ 4,124
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 23.8 million
▲ 33% vs 2024
€ 3.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 329,240
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 92 days on average.
€ 163,751
▲ 52% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 9,343,675 | € 10,598,393 | € 10,820,652 | € 11,633,879 | ▲ 8% |
| Profit after taxes | € 2,887,355 | € 6,040,337 | € 3,148,270 | € 3,319,830 | ▲ 5% |
| Equity | € 75,664,928 | € 67,481,410 | € 70,405,825 | € 73,501,800 | ▲ 4% |
| Total debts | € 11,317,201 | € 25,055,073 | € 18,633,019 | € 24,629,439 | ▲ 32% |
| Cash | € 8,971,539 | € 677,869 | € 7,275,678 | € 2,541,317 | ▼ 65% |
| Land & buildings | € 63,545,084 | € 60,824,626 | € 68,676,203 | € 76,072,229 | ▲ 11% |
| Retained profit | € 57,195,782 | € 49,369,003 | € 52,650,158 | € 56,102,873 | ▲ 7% |
| Dividend | € 223,855 | € 14,223,855 | € 223,855 | € 223,855 | |
| Bank debt | € 10,699,496 | € 10,464,066 | € 17,934,697 | € 23,816,789 | ▲ 33% |
| Balance sheet total | € 88,785,108 | € 95,034,649 | € 91,381,258 | € 100,468,349 | ▲ 10% |
| Employees (FTE) | 7.4 | 7.8 | 8.4 | 10.9 | ▲ 2.5 |
Key figures of IMMOBILIERE DE RESTAURANTS ET CAFES, 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 IMMOBILIERE DE RESTAURANTS ET CAFES?
What happened at IMMOBILIERE DE RESTAURANTS ET CAFES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel HAELTERMAN stepped down as director. NBB
- Paul HAELTERMAN stepped down as director. NBB
- SPELLEM BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.3 million (▲ 5% vs 2024). Source: NBB ↗
- Michel HAELTERMAN became a director. NBB
- Paul HAELTERMAN became a director. NBB
- SPELLEM BV became a director. NBB
- New establishment in Ternat. KBO
In short
From € 2.9 million profit in 2022 to € 3.3 million profit in 2025.
Paid € 5.1 million in corporate taxes since 2022.
Best year ever: 2023, with € 6 million profit.
Paid out € 14.9 million in dividends to the owners in total.
Management
The stake of SOCIETE DE GESTION PAUL HAELTERMAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMOBILIERE DE RESTAURANTS ET CAFESThe shares are held by SOCIETE DE GESTION PAUL HAELTERMAN (0.2%). It owns 100% of MANAGEM, 100% of NIMOREX SA and 100% of IMMOBILIERE DU EATMARKET itself.
Directors
According to the 2025 annual accounts
Michel HAELTERMAN
Managing director
Also active at: VALUABLE SAVOURS COMPANY, PRADO - PRODUITS ALIMENTAIRES D'ORIGINE, COMA, HORECA LOGISTIC SERVICE, BEVERAGES MANAGEMENT CONSULTANTS, HARAS DE LAUBRY, TAO FAMILY, ASBEEK +10 more
since 2025 · until 2031
Paul HAELTERMAN
Managing director
Also active at: SADIMAT, VALUABLE SAVOURS COMPANY, TRANSPORT MANAGEMENT SERVICES, PRADO - PRODUITS ALIMENTAIRES D'ORIGINE, BEVERAGES CONSULTANT SERVICES, HORECA LOGISTIC SERVICE, TAO FAMILY, ASBEEK +13 more
since 2025 · until 2031
Director · represented by Marc SPELMANS
since 2025 · until 2031
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Industrielaan 16-20
1740 Ternat
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →DAMANI MANAGEMENT
€ 5,513 gross margin · 2025
VALUABLE SAVOURS COMPANY same network
€ 23.6 million revenue · 2025
TRANSPORT MANAGEMENT SERVICES same network
€ 1 million revenue · 2025
PRADO - PRODUITS ALIMENTAIRES D'ORIGINE same network
€ -1,733 gross margin · 2025
BEVERAGES CONSULTANT SERVICES same network
€ 155,286 gross margin · 2025
+13 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
- 0438.931.532
- VAT number
- BE 0438.931.532
- Registered office
- Industrielaan 16-20, 1740 Ternat
- Names & denominations
- IMMOBILIERE DE RESTAURANTS ET CAFES · IMRECA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 November 1989
- Peppol
- Active · Active since 22 Jan 2026
- Activities · NACE
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