Warning lights
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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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MITISKA REAL ESTATE INVESTMENT MANAGEMENT from Dilbeek, company number BE0449790681, closed financial year 2025 with a result of € 3.6 million after tax. For that financial year MITISKA REAL ESTATE INVESTMENT MANAGEMENT recorded revenue of € 15.8 million and equity of € 39.2 million. Compared with financial year 2024, the result moved from € 3.1 million to € 3.6 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 July 1, 2026.
€ 39.2 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.6 million
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 462,788
▲ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
28 % of the profit went to the shareholders, mostly to MITISKA HOLDING (50 % of the shares). That is where the money ends up.
People and assets in 2025
18.7
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.2 million
▲ 13% vs 2024
€ 171,800 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.
€ 129,447
▲ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.2 million
▲ 53% vs 2024
€ 1.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.4 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 105 days on average.
€ 787,084
▲ 121% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,577,109 | € 11,093,299 | € 15,550,661 | € 15,809,411 | ▲ 2% |
| Profit after taxes | € 2,526,180 | € 2,354,322 | € 3,140,255 | € 3,635,211 | ▲ 16% |
| Equity | € 22,894,446 | € 28,267,272 | € 32,291,037 | € 39,200,028 | ▲ 21% |
| Total debts | € 7,576,822 | € 10,590,891 | € 7,940,698 | € 10,384,484 | ▲ 31% |
| Cash | € 1,771,470 | € 15,581 | € 261,128 | € 462,788 | ▲ 77% |
| Retained profit | € 3,776,552 | € 6,130,874 | € 8,271,129 | € 10,906,340 | ▲ 32% |
| Dividend | € 2,000,000 | € 0 | € 1,000,000 | € 1,000,000 | |
| Bank debt | € 2,525,000 | € 7,346,801 | € 4,025,226 | € 6,152,057 | ▲ 53% |
| Balance sheet total | € 30,471,268 | € 38,858,163 | € 40,231,735 | € 49,584,512 | ▲ 23% |
| Employees (FTE) | 16 | 18.9 | 19.5 | 18.7 | ▼ 0.8 |
Key figures of MITISKA REAL ESTATE INVESTMENT MANAGEMENT, 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 MITISKA REAL ESTATE INVESTMENT MANAGEMENT?
What happened at MITISKA REAL ESTATE INVESTMENT MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mitiska Holding BV stepped down as director. NBB
- Willem Van Aelten stepped down as director. NBB
- A3M BV stepped down as director. NBB
- Succavest NV stepped down as director. NBB
- Upperwest bv stepped down as director. NBB
- Punt Holding BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.6 million (▲ 16% vs 2024). Source: NBB ↗
- Mitiska Holding BV became a director. NBB
In short
From € 2.5 million profit in 2022 to € 3.6 million profit in 2025.
Paid € 3.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.6 million profit.
Paid out € 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 MITISKA HOLDING, A3M, RETAIL CONSULTANCY AND VALUE ESTATE RESIDENTIAL SERVICES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MITISKA REAL ESTATE INVESTMENT MANAGEMENTThe shares are held by MITISKA HOLDING (50%), A3M (50%) and RETAIL CONSULTANCY AND VALUE ESTATE RESIDENTIAL SERVICES (10%). It owns 100% of Mitiska Retail Services, 50% of Chancerygate Mitiska, 38% of Mitiska REIM Investco, 36.7% of M3 Invest, 33.3% of Gosset Invest and 21.2% of FRP Founders itself.
Directors
According to the 2025 annual accounts
Willem Van Aelten
Director
Also active at: Gemini Dr. Tine Oosterlinck, VENDIS CAPITAL MANAGEMENT, CAPITAL INVESTMENT PARTNERS, V4 COV
since 2021 · until 2027
since 2021 · until 2027
since 2021 · until 2027
Director · represented by Pascal Weerts
since 2021 · until 2027
Managing director · represented by Sylvie Carpentier
Also active at: BOSTON, MAIN HOLDING, MITISKA, BOSTON INVEST, RETAIL PARK Mönchengladbach, Retail Park Germany, MITISKA HOLDING, GECOSIM
since 2021 · until 2027
Director · represented by Luc Geuten
since 2025 · until 2031
Shareholders
Participations
Chancerygate Mitiska
50%
36.7%
33.3%
21.2%
0.3%
0.1%
Establishments
Establishment units
Physical locations of this company
Alfons Gossetlaan 34 box 401
1702 Dilbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
All companies at this address →Arlini
€ 80,325 gross margin · 2025
BOSTON same network
€ 103,638 gross margin · 2025
MAIN HOLDING same network
€ 17,715 gross margin · 2025
MITISKA same network
€ 337,526 revenue · 2025
A3M same network
€ 617,069 gross margin · 2025
+34 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
- 0449.790.681
- VAT number
- BE 0449.790.681
- Registered office
- Alfons Gossetlaan 34 bus 401, 1702 Dilbeek
- Names & denominations
- MITISKA REAL ESTATE INVESTMENT MANAGEMENT · MITISKA REIM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1993
- Peppol
- Active · Active since 17 Nov 2025
- Contact
- 02/583.19.51
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
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Ontwikkeling van niet-residentiële bouwprojecten
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Handel in eigen onroerend goed
Handel in onroerend goed
Projectontwikkeling voor woningbouw
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