EUROPEAN PUBLIC REAL ESTATE ASSOCIATION
ActiveSummary
EUROPEAN PUBLIC REAL ESTATE ASSOCIATION has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.23M and a net result of €-109k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-10
Solvency90▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 4.29 against 4.7 in 2024; short-term debt: 21.2% and cash: 5.8% of total assets), and 35.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
64.7%
Return on assets
-1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
13 d early
2023
117 d early
2022
12 d early
2021
13 d early
2020
3 d early
2019
102 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.98M
EBIT margin
23.5%
Net result
€-109k
2024 · €314k
2018: €726k
2019: €694k
2020: €249k
2021: €513k
2022: €460k
2023: €243k
2024: €314k
2018 → 2025
Working capital
€7.78M▼ 2.1%
2024 · €7.95M
2018: €5.27M
2019: €6.01M
2020: €6.31M
2021: €6.96M
2022: €7.45M
2023: €7.69M
2024: €7.95M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.32M-€6.78M▲ 7.3%€7.03M▲ 3.6%€7.34M▲ 4.5%€7.23M▼ 1.5%
Operating result€498k-€477k▼ 4.3%€233k▼ 51.1%€281k▲ 20.7%€-125k
Net result€513k-€460k▼ 10.3%€243k▼ 47.2%€314k▲ 29.2%€-109k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €125k after €281k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.17M
Fixed assets
€1.02M =
Current assets
€10.15M ▲ 0.5%
Equity and liabilities €11.17M
Equity
€7.23M ▼ 1.5%
Debt
€3.94M ▲ 4.2%
Debt's share of the balance-sheet total rises from 34.0% to 35.3%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
4.29▼
2024 · 4.70
Debt to equity
0.54▲
2024 · 0.51
ROE
-1.5%▼
2024 · 4.3%
ROA
-1.0%▼
2024 · 2.8%
Debt ≤ 1 year
€2.37M▲
2024 · €2.15M
Income taxes
€10k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11.12M€11.17M▲
Fixed assets21/28€1.02M€1.02M=
Financial fixed assets28€1.02M€1.02M=
Current assets29/58€10.10M€10.15M▲
Amounts receivable within one year40/41€8.03M€8.06M▲
Trade receivables40€278k€301k▲
Other amounts receivable41€7.75M€7.76M▲
Current investments50/53€1.40M€1.40M=
Cash at bank and in hand54/58€663k€643k▼
Deferred charges and accrued income490/1€6k€49k▲
Equity and liabilities
Total equity and liabilities10/49€11.12M€11.17M▲
Equity10/15€7.34M€7.23M▼
Profit (loss) carried forward14€7.34M€7.23M▼
Amounts payable17/49€3.78M€3.94M▲
Amounts payable within one year42/48€2.15M€2.37M▲
Trade debts44€2.15M€2.37M▲
Suppliers440/4€2.15M€2.36M▲
Bills of exchange payable441€0€10k▲
Accrued charges and deferred income492/3€1.63M€1.57M▼
Income statement
Code20242025
Other operating charges640/8€238€238=
Gross operating margin9900€281k€-125k▼
Operating profit (loss)9901€281k€-125k▼
Financial income75/76B€48k€34k▼
Recurring financial income75€48k€34k▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€326k€-99k▼
Income taxes67/77€12k€10k▼
Profit (loss) for the period9904€314k€-109k▼
Profit (loss) for the period to be appropriated9905€314k€-109k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.34M€7.23M▼
Profit (loss) brought forward from the previous period14P€7.03M€7.34M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
Appointments: Helen Gordon, Jean-Marc Jestin and 6 othersReappointments: Beñat Ortega (director) and James Wilkinson (director) · Resignations: Jean-Pierre Hanin, Jean-Marie Tritant and Rolf Buch14 facts ▸
State Gazette act
Appointments: Helen Gordon, Jean-Marc Jestin and 6 others
Reappointments: Beñat Ortega (director) and James Wilkinson (director) · Resignations: Jean-Pierre Hanin, Jean-Marie Tritant and Rolf Buch14 facts ▸
- General meeting, 16-06-2026
- Director appointment, Helen Gordon (chair)
- Director appointment, Jean-Marc Jestin (vice président finances)
- Director appointment, Ulrika Hallengren (vice présidente rh)
- Director appointment, Joost Uwents (director)
- Director appointment, Luka Mucic (director)
- Director appointment, Steven Buller (director)
- Director appointment, Vincent Rouget (director)
- Director appointment, Giacomo Balzarini (director)
- Director reappointment, Beñat Ortega (director)
- Director reappointment, James Wilkinson (director)
- Director resignation, Jean-Pierre Hanin (director)
- +2 further facts in this act
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-109k ▼135%
Net result drops to €-109k, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 102 days late
2019
31-12
Financial
Equity above €5MEq €5.56M ▲14.3%
2 profitable years in a row build equity to €5.56M.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26111228). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Beñat Ortega
CurrentDirector · since 16-06-2026
Giacomo Balzarini
CurrentDirector · since 16-06-2026
Helen Gordon
CurrentChair · since 16-06-2026
James Wilkinson
CurrentDirector · since 16-06-2026
Jean-Marc Jestin
CurrentVice président finances · since 16-06-2026
Joost Uwents
CurrentDirector · since 16-06-2026
4 other directors
Luka Mucic
CurrentDirector · since 16-06-2026
Steven Buller
CurrentDirector · since 16-06-2026
Ulrika Hallengren
CurrentVice présidente rh · since 16-06-2026
Vincent Rouget
CurrentDirector · since 16-06-2026
16-06-2026
Beñat Ortega: Mandate renewed as Director
16-06-2026
Giacomo Balzarini: Appointed as Director
16-06-2026
Helen Gordon: Appointed as Chair
16-06-2026
James Wilkinson: Mandate renewed as Director
16-06-2026
Jean-Marc Jestin: Appointed as Vice président finances
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
de Meeûssquare 231000 BrusselGround area
1,232 m²
Building footprint
794 m²
Volume, LiDAR
30,861 m³
Parcel 21805E0447/00N003, Brussels · tallest building 55.8 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
European Public Real estate Association (EPRA)
since 20092.322.925.118
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0447/00N003 | Brussels | 1,232 m² | 1 · 793 m² | 55.8 m · 11 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
699400KRYA0KG9DEMO73
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ERPA
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 1,294 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded14-05-2009
Fiscal year end31-12
Abbreviation NL
EPRA
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:027391010