Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 33.9 to 28.8.
Financials
Financial year 2025
REDEVCO BELGIUM from Zaventem, company number BE0478098845, closed financial year 2025 with a result of € 128.3 million after tax. For that financial year REDEVCO BELGIUM recorded revenue of € 130.8 million and equity of € 491.9 million. Compared with financial year 2024, the result moved from € 75.5 million to € 128.3 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 491.9 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 128.3 million
▲ 70% vs 2024
Profit after tax over the fiscal year.
€ 42,676
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 84 million paid out
65 % of the profit went to the shareholders, mostly to REDEVCO B.V. (100 % of the shares). That is where the money ends up.
People and assets in 2025
28.8
▼ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
▼ 19% vs 2024
€ 179,300 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.
€ 582
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.8 million
Loans from banks and other lenders, long and short.
€ 4.4 million
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 103 days on average.
€ 1.9 million
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 104,097,278 | € 127,095,079 | € 131,182,438 | € 130,765,587 | |
| Profit after taxes | € 50,857,740 | € 75,710,659 | € 75,453,910 | € 128,298,760 | ▲ 70% |
| Equity | € 776,090,980 | € 540,759,011 | € 527,277,635 | € 491,917,401 | ▼ 7% |
| Total debts | € 124,821,811 | € 141,230,951 | € 103,279,296 | € 25,300,366 | ▼ 76% |
| Cash | € 1,062,974 | € 5,916,542 | € 3,519,466 | € 42,676 | ▼ 99% |
| Land & buildings | € 527,733,775 | € 528,982,609 | € 523,381,352 | € 493,959,005 | ▼ 6% |
| Retained profit | € 512,430,253 | € 277,140,911 | € 263,702,162 | € 303,331,923 | ▲ 15% |
| Dividend | € 0 | € 311,000,000 | € 88,892,659 | € 84,000,000 | ▼ 6% |
| Bank debt | € 100,000,000 | € 0 | € 0 | € 1,824,765 | |
| Balance sheet total | € 961,396,540 | € 738,610,421 | € 683,660,439 | € 561,839,248 | ▼ 18% |
| Employees (FTE) | 34.1 | 33.9 | 32 | 28.8 | ▼ 3.2 |
Key figures of REDEVCO 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 REDEVCO BELGIUM?
What happened at REDEVCO BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 128.3 million (▲ 70% vs 2024). Source: NBB ↗
- Nadège Paris became a director. NBB
- Filip De Bois became a director. NBB
- Redevco Retail Italy 1 B.V. became a director. NBB
- Ingrid Willocx became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 50.9 million profit in 2022 to € 128.3 million profit in 2025.
Paid € 118.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 128.3 million profit.
Paid out € 483.9 million in dividends to the owners in total.
Management
Behind REDEVCO BELGIUM are Filip De Bois, Ingrid Willocx, Nadège Paris and Redevco Retail Italy 1 B.V.. The shares are held by REDEVCO B.V. (100%) and REDEVCO ITALY 1 B.V.. It owns 100% of Bengali itself.
Directors
According to the 2025 annual accounts
Filip De Bois
Manager
Also active at: BENGALI, ARLIMMO, BELLEFONTAINE BELGIUM, Redevco Services Belgium, REDEVCO TERNAT LOGISTICS
since 2022
Ingrid Willocx
Manager
Also active at: BENGALI, BELLEFONTAINE BELGIUM, Redevco Services Belgium, REDEVCO TERNAT LOGISTICS, Redevco European Retail Parks Oostakker Teirlinck, Redevco European Retail Parks BE Holdco, Redevco European Retail Parks Korbeek-Lo, Redevco European Retail Parks Mechelen-Zemst +1 more
since 2020
since 2024
Redevco Retail Italy 1 B.V.
Associate
since 2021
Shareholders
REDEVCO B.V.
100%
REDEVCO ITALY 1 B.V.
Participations
100%
Establishments
Establishment units
Physical locations of this company
Luchthaven Brussel Nationaal 1 K
1930 Zaventem
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
- 0478.098.845
- VAT number
- BE 0478.098.845
- Registered office
- Luchthaven Brussel Nationaal 1 K, 1930 Zaventem
- Names & denominations
- REDEVCO BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 July 2002
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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