CaaS 1A
Be ahead in real estate
€125,700
total amount raised in round
503%
- Eligible for a tax reduction
Campaign Closed
Market size
The Flemish residential real estate brokerage market represents an annual turnover of approximately €800 million. This is based on a total transaction value of €40–50 billion in Belgium, an average commission of 3%, and a Flemish market share of approximately 60%.
Structure of the sector
The sector is highly fragmented, with hundreds of small offices and independent brokers. They often face:
Structure of the sector
The sector is highly fragmented, with hundreds of small offices and independent brokers. They often face:
- Limited digital support
- High fixed costs (office, staff, marketing)
- Fewer economies of scale compared to large players
Trends & opportunities
- Increasing digitization and automation in real estate
- Changing customer expectations: speed, transparency, and online accessibility
- Emergence of flexible business models that support independent brokers without a traditional franchise formula
- Increasing consolidation: many small agencies are currently being taken over, creating an opportunity for independent brokers who prefer to retain their own business but need strong support
Competition
- Traditional franchises (e.g., Century 21, ERA): require high entry costs and continue to incur significant fixed costs, keeping the entry threshold high.
- Small independent agencies/freelancers: operate independently but often lack the economies of scale, systems, and support needed to grow efficiently.
- New digital players: typically focus on online sales platforms but do not offer full back-office support.
Our position
Copandi as a Service (CaaS) combines the advantages of both worlds:
Copandi as a Service (CaaS) combines the advantages of both worlds:
- Full professional back office, just like a large group
- No heavy fixed costs such as administrative staff or marketing agency
- Complete autonomy and freedom for the real estate agent
- Innovation and data-driven approach as a lasting competitive advantage
KPIs & Metrics
Number of affiliated brokers
Current: 10 brokers
Target: 20 brokers by the end of 2026 (32 by the end of 2027 - 100 by the end of 2029)
Average turnover per broker
Expected: €215,000 turnover per broker per year (from year 2)
Variation: €150,000 – €500,000 depending on experience and region
CaaS revenue per real estate agent
Approximately €64,500 per fully trained real estate agent per year (from year 2)
Cost of Acquisition (CAC)
Target: < €7,500 per agent
Recouped within 6 months via cost fee & royalties
Retention rate
Target: >90% annually
High switching costs and strong back office ensure loyalty
Conversion pipeline → active agent
Leads to contract: ±15%
Net Revenue Retention (NRR)
Expected: > 110%. Thanks to upselling (additional agents per office) and growth in revenue per real estate agent
Current: 10 brokers
Target: 20 brokers by the end of 2026 (32 by the end of 2027 - 100 by the end of 2029)
Average turnover per broker
Expected: €215,000 turnover per broker per year (from year 2)
Variation: €150,000 – €500,000 depending on experience and region
CaaS revenue per real estate agent
Approximately €64,500 per fully trained real estate agent per year (from year 2)
Cost of Acquisition (CAC)
Target: < €7,500 per agent
Recouped within 6 months via cost fee & royalties
Retention rate
Target: >90% annually
High switching costs and strong back office ensure loyalty
Conversion pipeline → active agent
Leads to contract: ±15%
Net Revenue Retention (NRR)
Expected: > 110%. Thanks to upselling (additional agents per office) and growth in revenue per real estate agent