Turnover
≈ €55,000 estimated
The micro format states no turnover.
FINE INVESTMENTS
Lifetime
18 annual accounts with figures on one time axispeak €99,398 (2013)
€25,173▲ 43.8%
lowest -€42,352 (2023)
€104▼ 76.7%
peak €252,866 (2022)
€211,064unchanged
€45,513▼ 30.6%
Board1 name since 2021
1 directorMATTHIJS Tim Ivo Fernand Oscar
Documentsfilings and deeds
06-08-20266 days late
2025micro format
Gross margin from €17,508 to €25,173Result from €446 to €104Debts from €65,595 to €45,513Cash from €628 to €3,985
Key points
from the 2025 annual accountsFilings
18 annual accounts since 2008
Ten of the last ten came late. The 2020 accounts came latest: 108 days after the end of the period.
Position in the sector
82.3%
Higher solvency than 87% of companies in real estate. Sector median 28.9% · 17,185 companies.
Checked score
83
Excellent
Financially stronger than 58% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
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 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.1%● unchanged vs 12-2024
02-2025: 2.1%● unchanged vs 01-2025
03-2025: 2.1%● unchanged vs 02-2025
04-2025: 2.1%● unchanged vs 03-2025
05-2025: 1.9%▼ -0.2 percentage points vs 04-2025
06-2025: 2.0%▲ +0.1 percentage points vs 05-2025
07-2025: 2.2%▲ +0.2 percentage points vs 06-2025
08-2025: 2.5%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 2.4%▼ -0.1 percentage points vs 08-2025
10-2025: 1.0%▼ -1.4 percentage points vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 0.9%▼ -0.1 percentage points vs 06-2026
08-2026: 1.5%▲ +0.6 percentage points vs 07-2026
09-2026: 0.5%▼ -1.0 percentage point vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 6 days late; 2 of the last 3 accounts late
Liquidity: current ratio 1.44, cash €3,985
lowers risk
Equity €211,064 (82.3% of total assets)
Founded in 2007
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 91% of them on solvency, 46% on liquidity, 51% on profitability and 45% 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 low class on 30-06-2025, 0.8% 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, 10,904 companies had the same profile as FINE INVESTMENTS has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of FINE INVESTMENTS itself: 0.5% 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 10,904 companies, not a prediction for FINE INVESTMENTS. 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
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.44 (1.18 in 2024), below the usual 1.5. Short-term debt is 14.7% and cash 1.6% of total assets. 17.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 6 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
6 days late
2024
40 days late
2023
89 days late
2022
57 days late
2021
72 days late
2020
108 days late
2019
98 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 67 days after 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 26 September (4 of the last 5 accounts filed within 33 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
Board and ownership
- MATTHIJS,Tim Ivo Fernand Oscar all the sharesdeed of 11-01-2024
Shares in 1 company, Lambertus Real Estate
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0890687949
Amendment of the articles · Legal-form change · Resignations & appointments
Appointment: MATTHIJS, Tim Ivo Fernand Oscar (director) · “Bemiddeling in immobiliën (verhuur en verkoop voor derden); Bouwheer in projectontwikkeling (woning en…” (deed in Dutch) · MATTHIJS, Tim Ivo Fernand Oscar holds all the shares · General meeting of 29-12-2023 · Gazette deed
New establishment in Lede
Markt 31
Incorporation
published on 18-07-2007 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FINE INVESTMENTS Wichelen | €256,577 | €25,173 | 82.3% | - |
| TOPO PLUS Erpe-Mere | €263,244 | €23,933 | 94.3% | - |
| EV LATEM Ghent | €239,298 | €29,126 | -44.2% | - |
| EXCELLENCE IMMO Berlaar | €253,922 | €21,071 | -9.0% | - |
| DUGO INVEST Uccle | €226,264 | €28,637 | 15.9% | - |
| AMYRA De Haan | €297,207 | €28,468 | -5.1% | - |
| TERRA PROJECTS Incourt | €305,660 | €23,937 | 94.3% | - |
These companies have the same main activity as FINE INVESTMENTS: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €226,000 and €306,000, founded between 2006 and 2008.
Official details
Source: KBO- Status
- Active since 09-07-2007Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Establishment units
- 2.166.076.8119260 Wichelen, since 09-07-2007
- 2.205.925.8949340 Lede, since 02-01-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Insights on FINE INVESTMENTS
FINE INVESTMENTS files the micro format. That format states no turnover. The gross margin fell from €50,762 in 2008 to €25,173 in 2025.
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 FINE INVESTMENTS
- What is the company number of FINE INVESTMENTS?
- The company number of FINE INVESTMENTS is 0890.687.949. The VAT number is the same number with BE in front: BE 0890.687.949.
- Where is FINE INVESTMENTS based?
- The registered office is at Heide 38, 9260 Wichelen.Company details
- What does FINE INVESTMENTS do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of FINE INVESTMENTS?
- FINE INVESTMENTS is a private limited company (BV).
- When was FINE INVESTMENTS founded?
- FINE INVESTMENTS was founded on 09-07-2007.
- Is FINE INVESTMENTS still active?
- Yes, FINE INVESTMENTS is an active enterprise in the KBO register.
- What is the turnover of FINE INVESTMENTS?
- The turnover in financial year 2025 is ≈ €55,000. This figure is estimated from the gross margin of €25,173 and 32 comparable companies (NACE 683). It probably lies between €37,000 and €97,000.Financials
- Is FINE INVESTMENTS profitable?
- In financial year 2025, FINE INVESTMENTS made a profit of €104.
- Where can I find the annual accounts of FINE INVESTMENTS?
- FINE INVESTMENTS filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FINE INVESTMENTS due?
- FINE INVESTMENTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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