Project Solis

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 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 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.