Project Orion

Project Oase is a private sauna and wellness complex in Flanders offering a wide range of high-quality, uniquely designed sauna facilities, including Finnish saunas, hot tubs, heated pools, and infrared cabins. The complex is open daily and caters exclusively to a private (B2C) clientele.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 core of its operations.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 part-time workers who are primarily deployed on weekends.The transaction involves the acquisition of both the operating company and the holding company, including the real estate currently privately owned by the manager but used for business purposes.The average normalized EBITDA of the operating company amounts to EUR 400k.

Project Exura specializes in central and industrial heating, with a strong focus on CLV renovations for larger apartment buildings. A large part of its activities consists of solutions for chimney and exhaust systems, both through existing shafts and new external constructions.The assignments mainly come from co-owners' associations, supplemented by projects for private and business customers in classic HVAC, which ensures a stable mix of specialized and general services.The company operates in Flanders and has a modern infrastructure with a well-organized warehouse and office space, which supports efficient operation and further growth.Turnover: ±3.8 million EURNormalized EBITDA: ±875k EUR

Project Archive specializes in the digitization (scanning) of primarily spatial planning files and government registers. In addition, Project Archive offers the possibility of integrating the data digitized and structured by the company with existing (internal) software programs. With more than fifty years of experience in the scanning and digitization industry, the company has built up a sustainable customer base throughout Flanders and Brussels. Project Archive currently employs four permanent staff, supplemented by five temporary workers. Project Archive offers its services to both companies (B2B) and governments (B2G), with governments accounting for an average of 98% of turnover in the past three years. The transaction involves a carve-out (asset deal) of Project Archive from the parent group. The buyer will have to find a new location, but the activities are fully relocatable. Reason for sale: The management of the parent group is currently considering a strategic restructuring. Part of this is the carve-out of Project Archive, as Archive's services are no longer part of the group's core activities. Revenue levels rose from approximately €780k to approximately €1.3 million in the period from 2023 to 2024. Normalized EBITDA also shows an upward trend, from €110k in fiscal year 2023 to €230k in fiscal year 2024. Important: The figures for 2024 are actual figures realized up to and including April 2024. From May to December 2024, the figures are based on a budget, based on signed contracts and/or quotations.