Project Exura

Project Oase is a private sauna and wellness complex in Flanders with an extensive range of high-quality and uniquely designed sauna complexes, equipped with Finnish saunas, jacuzzis, heated swimming pools, and infrared cabins, among other things. The complex is open daily and focuses entirely on a private (B2C) customer base.The company combines a stable, recurring revenue stream with strong profitability (average normalized EBITDA margin of 31.3%). Hygiene, service, and customer satisfaction are at the heart of its service offering.Day-to-day operations are managed by the manager, supported by a permanent and reliable team of 10 employees, supplemented by a flexible pool of students and flexi-jobbers who are mainly deployed during weekends.The transaction includes the acquisition of both the operating company and the asset management company, including the real estate that is currently privately owned by the manager but is of a professional nature.The average normalized EBITDA of the operating company is EUR 400k.

Project Solis is a company that primarily operates as a fruit and vegetable shop, but also offers a wide range of hot meals, salads, wraps, soups, fresh fish, meat, desserts, and many other convenience products and everyday groceries. In addition to its retail activities (50% of turnover), Project Solis also supplies the B2B market via a user-friendly online ordering platform. Led by two experienced managers and supported by around 40 permanent employees, Project Solis is operating at full capacity. Demand from B2B customers for their fresh concept is growing daily, with particular opportunities for expansion into the retail sector. In order to take full advantage of these opportunities, the production space needs to be relocated, as the current space is limited and more suited to the current turnover level. Average turnover FY22 – FY24: EUR 5,013 million Average normalized EBITDA over the last 3 financial years (FY22-FY24): EUR 503K

Project Mechano specializes in the sale of technical parts for industry and agriculture and offers a wide range of stock and customized solutions. The company provides technical advice and various ordering options (physical store, webshop, mail, etc.). Project Mechano, located in West Flanders, has a spacious sales area, a warehouse, and a workshop. The entire property is preferably part of the transaction. Project Mechano's customer base mainly comprises a wide range of companies (B2B) and, to a lesser extent, municipalities/provinces (B2G) and private individuals (B2C), mainly in East and West Flanders. Thanks to strong partnerships with reliable suppliers, the company guarantees timely and high-quality deliveries. Project Mechano is managed by a single manager who, together with one employee (1 FTE), is responsible for orders, customer reception, and customized solutions.