Equity
-€75,393
Debts exceed assets in financial year 2025.
HOMES
Lifetime
20 annual accounts with figures on one time axispeak €68,993 (2013)
-€2,674▲ €5,431
lowest -€32,257 (2014)
-€17,782▲ €2,507
peak €46,113 (2013)
-€75,393▼ €17,782
€129,959▼ 12.1%
peak 1.6 FTE (2014)
-not published
Board2 names since 2020
1 directorDe Heyn Martine
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from -€8,105 to -€2,674Loss of €17,782Equity from -€57,611 to -€75,393Cash from €695 to €125
Key points
from the 2025 annual accountsLosses
-€48,073 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€129,959 238% of the balance sheet
Suppliers 3%Taxes and wages 0%Other 97%
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 7% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.0%▼ -0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%▼ -0.1 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025lowest value
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025
09-2025: 1.4%▼ -0.1 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.3%▼ -0.1 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.2%▼ -0.1 percentage points vs 05-2026
07-2026: 1.5%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 1.5%● unchanged vs 07-2026highest value
09-2026: 1.5%● unchanged vs 08-2026highest value
10-2026: 1.5%● unchanged vs 09-2026highest value
11-2026: 1.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €17,782, the second in a row (financial year 2025)
Negative equity -€75,393
Liquidity: current ratio 0.09, cash €125, halved
lowers risk
Size: total assets €54,567
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 5% of them on solvency, 3% on liquidity, 4% on profitability and 17% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as HOMES has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HOMES itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for HOMES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.09 (0.21 in 2024), below 1. Short-term debt is 238.2% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€75,393
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
on the day
2023
26 days early
2022
11 days early
2021
26 days late
2020
17 days early
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0875895647
Amendment of the articles · Legal-form change · Resignations & appointments
General meeting of 05-12-2023 · Gazette deed
Resignation: Laenen Virginia (director)
Appointment: De Heyn Martine (director) · Director discharge: Laenen Virginia · General meeting of 21-04-2022 · Gazette deed
Registered office moved within Zelem
New registered office: Heidestraat 41, 3545 ZELEM · Previous registered office: Heidestraat 25, 3545 Zelem · Resignation: De Heyn Martine (director) · General meeting of 15-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOMES Halen | €54,567 | -€2,674 | -138.2% | - |
| CONFIDIMMO Sint-Truiden | €51,483 | -€2,078 | 98.3% | - |
| NE9EN Hechtel-Eksel | €59,061 | -€2,111 | 92.6% | 0 |
| CITY REAL ESTATE Evergem | €52,486 | -€791 | -2.6% | - |
| IMMOBILIERE GATTO Charleroi | €54,380 | -€31,441 | 98.7% | - |
| STEFIX Holsbeek | €61,796 | -€4,510 | -22.6% | - |
| IMMOMATCH INVEST Ghent | €46,067 | -€6,715 | 35.5% | - |
These companies have the same main activity as HOMES: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €46,100 and €61,800, founded between 2003 and 2008.
Official details
Source: KBO- Status
- Active since 06-09-2005Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 5 others
- Establishment unit
- 2.149.389.4451950 Kraainem, since 13-10-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 24-09-2025
Annual accounts 2025
- €54,567▼ 39.5%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on HOMES
HOMES files the micro format. That format states no turnover. The gross margin fell from €46,561 in 2006 to -€2,674 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HOMES
- What is the company number of HOMES?
- The company number of HOMES is 0875.895.647. The VAT number is the same number with BE in front: BE 0875.895.647.
- Where is HOMES based?
- The registered office is at Heidestraat 41, 3545 Halen.Company details
- What does HOMES do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of HOMES?
- HOMES is a private limited company (BV).
- When was HOMES founded?
- HOMES was founded on 06-09-2005.
- Is HOMES still active?
- Yes, HOMES is an active enterprise in the KBO register.
- What is the turnover of HOMES?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is HOMES profitable?
- In financial year 2025, HOMES made a loss of €17,782.
- Where can I find the annual accounts of HOMES?
- HOMES filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOMES due?
- HOMES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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