What does Degroote Real Estate Construct do?

Degroote Real Estate Construct is a construction company in Oostende. Public Limited, started on 29 March 1991, 3 establishments.

What is the address of Degroote Real Estate Construct?

The registered office of Degroote Real Estate Construct is located at Leopold III-laan 1, 8400 Oostende.

Is Degroote Real Estate Construct still active?

Yes. According to the CBE (29 October 2026) Degroote Real Estate Construct is active, legal situation “Normale toestand”, started on 29 March 1991.

Is Degroote Real Estate Construct registered on Peppol?

Yes, Degroote Real Estate Construct is registered on the Peppol network with ID 0208:0443821025.

What is the enterprise number of Degroote Real Estate Construct?

The enterprise number of Degroote Real Estate Construct is BE0443821025.

When was Degroote Real Estate Construct founded?

Degroote Real Estate Construct was founded on 29 March 1991.

Who are the directors of Degroote Real Estate Construct?

According to the 2025 annual accounts, the directors of Degroote Real Estate Construct are: D4 CONSULTING BV, VASTGOEDGROEP DEGROOTE BV.

Is Degroote Real Estate Construct a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 March 1991; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 3 establishments in the CBE.

How much profit did Degroote Real Estate Construct make in 2025?

Degroote Real Estate Construct posted a profit after taxes of € 20,149 in financial year 2025.

What is the revenue of Degroote Real Estate Construct?

In its most recent annual accounts (2025), Degroote Real Estate Construct reported revenue of € 28,403,954.

How much does an employee at Degroote Real Estate Construct earn?

The average wage cost per full-time employee at Degroote Real Estate Construct was € 87,000 in 2025: staff costs of € 992,081 for 11.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Degroote Real Estate Construct have?

According to the 2025 annual accounts, Degroote Real Estate Construct has 11.4 full-time equivalents (FTE).

Degroote Real Estate Construct (Public Limited)

Dossier Degroote Real Estate Construct, printed on 29 October 2026 from databakkes.be/en/0443821025/degroote-real-estate-construct. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 15 % of short-term debt in 2025; threshold 65 %.
Shrinking team NBB

FTE fell two years in a row, from 15.7 to 11.4.
Busy address KBO

14 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

Degroote Real Estate Construct from Oostende, company number BE0443821025, closed financial year 2025 with a result of € 20,149 after tax. For that financial year Degroote Real Estate Construct recorded revenue of € 28.4 million and equity of € 14.4 million. Compared with financial year 2024, the result moved from € 2.3 million to € 20,149. The company is profitable. 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 24, 2026.

What it is worth Growing

€ 14.4 million

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

Profit Healthy

€ 20,149

▼ 99% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 741,451

▲ 63% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 14.2 million.

People and assets in 2025

Full-time equivalents

11.4

▼ 0.8 vs 2024

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

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 992,081

▼ 3% vs 2024

€ 87,000 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.

Vehicles and equipment

€ 286,607

▼ 18% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

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

Owed to suppliers

€ 3.6 million

▲ 49% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.

Taxes and wages

€ 601,762

▲ 156% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 39,033,566 Revenue 2022: € 39,033,566 First fiscal year in the series	€ 46,431,704 Revenue 2023: € 46,431,704 ▲ 19% vs 2022 (€ 39,033,566) Favourable step	€ 26,982,793 Revenue 2024: € 26,982,793 ▼ 42% vs 2023 (€ 46,431,704) Unfavourable step	€ 28,403,954 Revenue 2025: € 28,403,954 ▲ 5% vs 2024 (€ 26,982,793) Favourable step	▲ 5%
Profit after taxes	€ 1,646,260 Profit after taxes 2022: € 1,646,260 First fiscal year in the series	€ 1,921,175 Profit after taxes 2023: € 1,921,175 ▲ 17% vs 2022 (€ 1,646,260) Favourable step	€ 2,255,117 Profit after taxes 2024: € 2,255,117 ▲ 17% vs 2023 (€ 1,921,175) Favourable step	€ 20,149 Profit after taxes 2025: € 20,149 ▼ 99% vs 2024 (€ 2,255,117) Unfavourable step	▼ 99%
Equity	€ 11,688,083 Equity 2022: € 11,688,083 First fiscal year in the series	€ 12,150,976 Equity 2023: € 12,150,976 ▲ 4% vs 2022 (€ 11,688,083) Favourable step	€ 14,406,093 Equity 2024: € 14,406,093 ▲ 19% vs 2023 (€ 12,150,976) Favourable step	€ 14,426,242 Equity 2025: € 14,426,242 Unchanged (€ 14,406,093) Favourable step
Total debts	€ 10,621,121 Total debts 2022: € 10,621,121 First fiscal year in the series	€ 9,717,437 Total debts 2023: € 9,717,437 ▼ 9% vs 2022 (€ 10,621,121) Favourable step	€ 18,620,934 Total debts 2024: € 18,620,934 ▲ 92% vs 2023 (€ 9,717,437) Unfavourable step	€ 25,649,563 Total debts 2025: € 25,649,563 ▲ 38% vs 2024 (€ 18,620,934) Unfavourable step	▲ 38%
Cash	€ 1,444,943 Cash 2022: € 1,444,943 First fiscal year in the series	€ 2,431,463 Cash 2023: € 2,431,463 ▲ 68% vs 2022 (€ 1,444,943) Favourable step	€ 455,392 Cash 2024: € 455,392 ▼ 81% vs 2023 (€ 2,431,463) Unfavourable step	€ 741,451 Cash 2025: € 741,451 ▲ 63% vs 2024 (€ 455,392) Favourable step	▲ 63%
Land & buildings	€ 2,061,805 Land & buildings 2022: € 2,061,805 First fiscal year in the series	€ 1,616,866 Land & buildings 2023: € 1,616,866 ▼ 22% vs 2022 (€ 2,061,805) Unchanged	€ 2,668,093 Land & buildings 2024: € 2,668,093 ▲ 65% vs 2023 (€ 1,616,866) Unchanged	€ 3,439,617 Land & buildings 2025: € 3,439,617 ▲ 29% vs 2024 (€ 2,668,093) Unchanged	▲ 29%
Retained profit	€ 11,448,083 Retained profit 2022: € 11,448,083 First fiscal year in the series	€ 11,940,149 Retained profit 2023: € 11,940,149 ▲ 4% vs 2022 (€ 11,448,083) Favourable step	€ 14,195,266 Retained profit 2024: € 14,195,266 ▲ 19% vs 2023 (€ 11,940,149) Favourable step	€ 14,215,415 Retained profit 2025: € 14,215,415 Unchanged (€ 14,195,266) Favourable step
Balance sheet total	€ 22,618,280 Balance sheet total 2022: € 22,618,280 First fiscal year in the series	€ 22,157,821 Balance sheet total 2023: € 22,157,821 ▼ 2% vs 2022 (€ 22,618,280) Unchanged	€ 33,296,767 Balance sheet total 2024: € 33,296,767 ▲ 50% vs 2023 (€ 22,157,821) Unchanged	€ 40,328,344 Balance sheet total 2025: € 40,328,344 ▲ 21% vs 2024 (€ 33,296,767) Unchanged	▲ 21%
Employees (FTE)	16.5 Employees (FTE) 2022: 16.5 First fiscal year in the series	15.7 Employees (FTE) 2023: 15.7 ▼ 0.8 vs 2022 (16.5) Unchanged	12.2 Employees (FTE) 2024: 12.2 ▼ 3.5 vs 2023 (15.7) Unchanged	11.4 Employees (FTE) 2025: 11.4 ▼ 0.8 vs 2024 (12.2) Unchanged	▼ 0.8

Key figures of Degroote Real Estate Construct, 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 Degroote Real Estate Construct?

What happened at Degroote Real Estate Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 D4 CONSULTING BV stepped down as director. NBB
2027 VASTGOEDGROEP DEGROOTE BV stepped down as director. NBB
Jun 24, 2026 New annual accounts for financial year 2025: profit of € 20,149 (▼ 99% vs 2024). Source: NBB ↗
2021 D4 CONSULTING BV became a director. NBB
2021 VASTGOEDGROEP DEGROOTE BV became a director. NBB
May 1, 2015 New establishment in Kortrijk. KBO
Nov 12, 2002 New establishment in Bredene. KBO
Apr 17, 1991 New establishment in Oostende. KBO

In short

From € 1.6 million profit in 2022 to € 20,149 profit in 2025.

Paid € 2.1 million in corporate taxes since 2022.

Best year ever: 2024, with € 2.3 million profit.

Pays suppliers within 47 days on average.

Original PDFs at the National Bank ↗

Management

VASTGOEDGROEP DEGROOTE 100%

The stake of VASTGOEDGROEP DEGROOTE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Degroote Real Estate Construct

The shares are held by VASTGOEDGROEP DEGROOTE (100%).

Directors

According to the 2025 annual accounts

D4 CONSULTING BV

Managing director · represented by David Degroote

Also active at: DEGROOTE HARBOUR CONSTRUCT, VASTGOEDGROEP DEGROOTE, ACADEMIE REAL ESTATE, MOULIN 17

since 2021 · until 2027

VASTGOEDGROEP DEGROOTE BV

Managing director · represented by Jan Degroote

Also active at: DEGROOTE REAL ESTATE DEVELOPMENT, DEGROOTE HARBOUR DEVELOPMENT, Investments Degroote, DEGROOTE HARBOUR CONSTRUCT, SKY PARKING REAL ESTATE, SKY BAR REAL ESTATE, SKY HOTEL REAL ESTATE, FLOORMASTERS +3 more

since 2021 · until 2027

Shareholders

VASTGOEDGROEP DEGROOTE

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Leopold III-laan 1

8400 Oostende

2.132.546.582

Brugsesteenweg 101

8450 Bredene

Active since 12 November 2002

2.300.423.096

Meensesteenweg(Kor) 85

8500 Kortrijk

Active since 1 May 2015

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.

All companies at this address →

DEGROOTE REAL ESTATE DEVELOPMENT same network

€ 37.9 million revenue · 2025

DEGROOTE HARBOUR DEVELOPMENT same network

€ 9.9 million revenue · 2025

Investments Degroote same network

€ 1 million revenue · 2025

DEGROOTE HARBOUR CONSTRUCT same network

€ 25.4 million revenue · 2025

VASTGOEDGROEP DEGROOTE same network

€ 4.9 million revenue · 2025

+9 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

0443.821.025

VAT number

BE 0443.821.025

Registered office

Leopold III-laan 1, 8400 Oostende

Names & denominations

Degroote Real Estate Construct · DRC

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

29 March 1991

Peppol

Active · Active since 27 Aug 2025

Contact

vastgoed-degroote.be

Activities · NACE

Algemene bouw van residentiële gebouwen

Bouwen van individuele huizen

View on CBE Public ↗ Annual accounts (NBB) ↗