Financials
Financial year 2025
ROYALE 120 from Elsene, company number BE0890094665, closed financial year 2025 with a result of € 1.6 million after tax. For that financial year ROYALE 120 recorded revenue of € 3.7 million and equity of € 31.2 million. Compared with financial year 2024, the result moved from € 1.5 million to € 1.6 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.
€ 31.2 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 6.6 million
▲ 30% 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 € 2.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 56,878
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 100 days on average.
€ 73,839
▲ € 69,249 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 846,534 | € 3,513,867 | € 3,639,794 | € 3,732,704 | ▲ 3% |
| Profit after taxes | € 226,386 | € 1,293,310 | € 1,525,398 | € 1,578,216 | ▲ 3% |
| Equity | € 45,045,396 | € 31,510,061 | € 29,586,331 | € 31,164,547 | ▲ 5% |
| Total debts | € 29,658,871 | € 26,442,777 | € 58,248,134 | € 52,163,852 | ▼ 10% |
| Cash | € 16,552,478 | € 4,977,036 | € 5,095,321 | € 6,630,910 | ▲ 30% |
| Land & buildings | € 28,860,511 | € 27,383,274 | € 25,857,604 | € 24,517,722 | ▼ 5% |
| Retained profit | € 445,396 | € 510,061 | € 586,331 | € 2,164,547 | ▲ 269% |
| Dividend | € 706,618 | € 1,228,645 | € 1,449,128 | € 0 | ▼ 100% |
| Balance sheet total | € 74,704,266 | € 57,952,838 | € 87,834,465 | € 83,328,399 | ▼ 5% |
Key figures of ROYALE 120, 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 ROYALE 120?
What happened at ROYALE 120 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Axel CEUSTERS stepped down as director. NBB
- Marc GÄRTNER stepped down as director. NBB
- Laurence SIMILLON stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.6 million (▲ 3% vs 2024). Source: NBB ↗
- Axel CEUSTERS became a director. NBB
- Marc GÄRTNER became a director. NBB
- Laurence SIMILLON became a director. NBB
- New establishment in Elsene. KBO
In short
From € 226,386 profit in 2022 to € 1.6 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.6 million profit.
Paid out € 3.4 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 shares are held by UNION INVESTMENT REAL ESTATE GMBH - Belgian Branch (100%).
Directors
According to the 2025 annual accounts
Marc GÄRTNER
Director
since 2018 · until 2030
Axel CEUSTERS
Director
Also active at: Inhu, THE FIRST, LES GRANDS PRES S.A., FG EURO GREEN 1, UII GREEN RETAIL 63, Ajax Real Estate, Global Life Tree
since 2025 · until 2031
since 2018 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 54
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.094.665
- VAT number
- BE 0890.094.665
- Registered office
- Louizalaan 54, 1050 Elsene
- Names & denominations
- ROYALE 120
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2007
- Peppol
- Active · Active since 19 May 2026
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Holdings