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 3 to 2.2.
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Busy address KBO
82 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
UNIBRA REAL ESTATE from Watermaal-Bosvoorde, company number BE0515992488, closed financial year 2025 with a result of € 2.8 million after tax. For that financial year UNIBRA REAL ESTATE recorded revenue of € 2.2 million and equity of € 56.6 million. Compared with financial year 2024, the result moved from € 4.8 million to € 2.8 million. 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 29, 2026.
€ 56.6 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.8 million
▼ 42% vs 2024
Profit after tax over the fiscal year.
€ 4.7 million
▲ € 4.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.5 million paid out
90 % of the profit went to the shareholders, mostly to Unibra (100 % of the shares). That is where the money ends up.
People and assets in 2025
2.2
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 414,067
▲ 3% vs 2024
€ 188,200 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3 million
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 399 days on average.
€ 190,416
▲ 284% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,047,087 | € 1,696,771 | € 1,258,705 | € 2,204,360 | ▲ 75% |
| Profit after taxes | € -737,804 | € -289,924 | € 4,773,152 | € 2,771,275 | ▼ 42% |
| Equity | € 51,861,756 | € 51,571,832 | € 56,344,984 | € 56,616,259 | |
| Total debts | € 33,709,311 | € 31,731,292 | € 35,758,189 | € 31,616,381 | ▼ 12% |
| Cash | € 646,835 | € 644,510 | € 504,931 | € 4,671,196 | ▲ € 4.2 million |
| Retained profit | € 3,861,825 | € 3,571,901 | € 8,345,053 | € 8,616,328 | ▲ 3% |
| Dividend | € 0 | € 0 | € 0 | € 2,500,000 | |
| Balance sheet total | € 85,571,067 | € 83,303,124 | € 92,103,173 | € 88,232,640 | ▼ 4% |
| Employees (FTE) | 3.3 | 3 | 2.4 | 2.2 | ▼ 0.2 |
Key figures of UNIBRA REAL ESTATE, 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 UNIBRA REAL ESTATE?
What happened at UNIBRA REAL ESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Erlinde Eeman Management SRL stepped down as director. NBB
- ML Business partner SRL stepped down as director. NBB
- THALES Management s.r.l. stepped down as director. NBB
- Thibault RELECOM stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.8 million (▼ 42% vs 2024). Source: NBB ↗
- MHCT SARL stepped down as director. NBB
- Erlinde Eeman Management SRL became a director. NBB
- ML Business partner SRL became a director. NBB
In short
From € 737,804 loss in 2022 to € 2.8 million profit in 2025.
Paid € 47,964 in corporate taxes since 2022.
Best year ever: 2024, with € 4.8 million profit.
Paid out € 2.5 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 Unibra comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
UNIBRA REAL ESTATEThe shares are held by Unibra (100%). It owns 100% of GLESENER 21, 100% of BRDB, 100% of UNILUX, 100% of UNIBRIZE, 100% of COMMERCE 123 and 100% of ROYALE 67 itself.
Directors
According to the 2025 annual accounts
Director · represented by Erlinde Eeman
Also active at: Terrebois, Société Internationale d'Engineering, UNITER, TERRE A TERRE, ROYALE 67, Unibra Development, African Craft Breweries, Zubisko Trading +4 more
since 2025 · until 2027
MHCT SARL
Director · represented by Jean-Nicolas Montrieux
Also active at: Rive Droite, Terrebois, UNITER, TERRE A TERRE, Unibra Development, BIZIMMO, Buildingnest, BRDB +1 more
since 2024 · until 2026
Director · represented by Marc Limneos
Also active at: Terrebois, Société Internationale d'Engineering, UNITER, TERRE A TERRE, ROYALE 67, Unibra Development, BIZIMMO, Buildingnest +6 more
since 2025 · until 2027
Director · represented by Renaud BLAVIER
Also active at: Rive Droite, Terrebois, Société Internationale d'Engineering, Triomphe 174, UNITER, TERRE A TERRE, ROYALE 67, Unibra Development +8 more
since 2024 · until 2027
Thibault RELECOM
Managing director
since 2024 · until 2027
Shareholders
100%
Participations
GLESENER 21
100%
100%
UNILUX
100%
100%
100%
100%
100%
100%
100%
99.9%
99.9%
WACLEMA
87%
50%
50%
THE ROOTS OFFICES
50%
50%
GRAVITY
50%
Establishments
Establishment units
Physical locations of this company
Vorstlaan 25 box 9
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 82 companies are registered at this address.
All companies at this address →Unibra same network
€ 3.7 million revenue · 2025
Coopérative U.P.B.
SOCIÉTE DU GARNISTEAU
€ 51,409 gross margin · 2025
La Garantie Belge
LA MUTUELLE PATRONALE (A.A.M. CONTRE LES RISQUES DECOULANT DE LA LEGISLATION RELATIVE AU SALAIRE GARANTI)
+77 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
- 0515.992.488
- VAT number
- BE 0515.992.488
- Registered office
- Vorstlaan 25 bus 9, 1170 Watermaal-Bosvoorde
- Names & denominations
- UNIBRA REAL ESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 2013
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van syndici van onroerend goed
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis