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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EXPLOITATIEMAATSCHAPPIJ RAL from Watermaal-Bosvoorde, company number BE0756805777, closed financial year 2025 with a result of € 184,118 after tax. For that financial year EXPLOITATIEMAATSCHAPPIJ RAL recorded a gross margin of € 1.9 million and equity of € -340,169. Compared with financial year 2024, the result moved from € 225,901 to € 184,118. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ -340,169
▲ € 184,118 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 184,118
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 383,207
▲ 119% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -365,169.
People and assets in 2025
12.2
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 612,045
▲ 4% vs 2024
€ 50,200 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.
€ 3,225
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 207,576
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 61,146
▲ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 213,475 | € 811,704 | € 1,559,062 | € 1,926,877 | ▲ 24% |
| Profit after taxes | € -372,641 | € -376,367 | € 225,901 | € 184,118 | ▼ 18% |
| Equity | € -373,821 | € -750,188 | € -524,287 | € -340,169 | ▲ € 184,118 |
| Total debts | € 8,633,060 | € 13,708,972 | € 18,157,974 | € 16,909,279 | ▼ 7% |
| Cash | € 576,952 | € 39,265 | € 174,754 | € 383,207 | ▲ 119% |
| Retained profit | € -398,821 | € -775,188 | € -549,287 | € -365,169 | ▲ € 184,118 |
| Balance sheet total | € 8,259,240 | € 12,958,785 | € 17,633,687 | € 16,569,110 | ▼ 6% |
| Employees (FTE) | 12.8 | 13.7 | 12 | 12.2 | ▲ 0.2 |
Key figures of EXPLOITATIEMAATSCHAPPIJ RAL, 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 EXPLOITATIEMAATSCHAPPIJ RAL?
What happened at EXPLOITATIEMAATSCHAPPIJ RAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 184,118 (▼ 18% vs 2024). Source: NBB ↗
- Unibricks BV became a director. NBB
- NESTIA HOSPITALITY GROUP NV became a director. NBB
- New establishment in Liège. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 372,641 loss in 2022 to € 184,118 profit in 2025.
Paid € 368 in corporate taxes since 2022.
Best year ever: 2024, with € 225,901 profit.
On average € 157,900 of value added per employee in 2025.
Management
The stake of NESTIA HOSPITALITY GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EXPLOITATIEMAATSCHAPPIJ RALBehind EXPLOITATIEMAATSCHAPPIJ RAL are Unibricks BV and NESTIA HOSPITALITY GROUP NV. The shares are held by NESTIA HOSPITALITY GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Thomas LECLUSE
Also active at: BRICKS & LEISURE VASTGOED, BRICKS FINANCIAL SERVICES, Bricks & Leisure Projectontwikkeling, EXPLOITATIEMAATSCHAPPIJ IBJ, Exploitatiemaatschappij MHSL, Atratus, European Realty Company, Waterfront Development Company +7 more
since 2024
Director · represented by Jonathan DEBUCQUOY
Also active at: EXPLOITATIEMAATSCHAPPIJ IBJ, RESTAURANT BALMORAL, Exploitatiemaatschappij MHSL, UNEST STUDENT HOUSING, EXPLOITATIEMAATSCHAPPIJ RSB, Exploitatiemaatschappij Green Resort Limburg
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 177 box 5
1170 Watermaal-Bosvoorde
Pieter Brueghellaan 1
9051 Gent
Active since 20 October 2020
Rue des Bons-Enfants 12
4000 Liège
Active since 23 February 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0756.805.777
- VAT number
- BE 0756.805.777
- Registered office
- Terhulpsesteenweg 177 bus 5, 1170 Watermaal-Bosvoorde
- Names & denominations
- EXPLOITATIEMAATSCHAPPIJ RAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 October 2020
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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