Alides’ Sustainability Report 2025 presents the Belgian real estate group’s financial and non-financial performance for the period from 1 January to 31 December 2025. The Ghent-based company, active as investor and developer in Belgium, Poland and Luxembourg, explains why it has opted for voluntary VSME reporting after falling outside the revised CSRD scope. The report positions sustainability as a strategic pillar, alongside resilience, geographic diversification and Alides’ hybrid model combining investment and development.

The document places “Real Estate Upcycling” at the heart of the group’s strategy. Alides defines this as the acquisition, low-impact management and low-carbon redevelopment of obsolete but well-located buildings, with the aim of reusing structures, reducing emissions and creating future-proof assets. By the end of 2025, 30% of the development pipeline qualified as upcycling projects, and the company says it wants to raise that share to 50% by 2030. It also states that it will no longer acquire new real estate expansion projects and will prioritise upcycling over densification.

The report outlines Alides’ main figures for 2025: 83 million euro in consolidated net sales, 29 million euro operating result excluding revaluations, 14 million euro group result, 387 million euro group equity, and an LTV ratio of 44%. The development pipeline totals roughly 459,000 sqm, while the portfolio covers about 176,000 sqm. Occupancy levels remain high in both offices and residential assets. The group employs 98 people, split evenly between women and men.

On the environmental front, Alides reports a Scope 1 and 2 carbon footprint of 127.6 tCO2e and Scope 3 emissions of 19,804.2 tCO2e, with the latter dominated by capital goods, downstream leased assets and the use of sold products. The company says 100% of electricity for Alides-controlled Belgian assets is renewable, that 41% of its company fleet is fully electric, and that the energy intensity of Alides-controlled buildings stands at 171 kWh/sqm/year. It also describes its use of CRREM analyses, energy audits and life-cycle assessments to steer both operational and embodied carbon reductions.

The report further details governance, stakeholder engagement and material sustainability themes. Through a double materiality assessment, Alides identifies key priorities in CO2 emissions, energy use, health and wellbeing, local community impact, business conduct, profitability and access to capital. Overall, the publication portrays a company seeking to link its commercial real estate model with a pragmatic sustainability agenda, while presenting upcycling as its main long-term lever for carbon reduction and value creation.