Equity
€178,081 from €306,414 in 2021
Equity fell by 42% in 4 years.
A154
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €272,448 (2020)
€88,861▲ 83.4%
lowest -€63,952 (2022)
€17,322▲ €46,176
peak €306,414 (2021)
€178,081▲ 10.8%
€688,039▼ 7.1%
peak 1.9 FTE (2008)
-not published
Board2 names since 2021
2 directorsOverdeput Christian and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Gross margin from €48,456 to €88,861Back to profit: €17,322Cash from €11,596 to €15,681
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 52% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.3 percentage points vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%▼ -0.1 percentage points vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.59, cash €15,681
lowers risk
Size: total assets €870,277
Figures for financial year 2025 (filed on 02-07-2026)
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 40% of them on solvency, 43% on liquidity, 60% on profitability and 67% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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, 4,685 companies had the same profile as A154 has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of A154 itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 4,685 companies, not a prediction for A154. 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 €15,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.59 (0.49 in 2024), below 1. Short-term debt is 18.3% and cash 1.8% of total assets. 79.5% 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 riskneutral
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
50 days early
2023
48 days early
2022
17 days early
2021
52 days early
2020
30 days early
2019
23 days early
← 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 36 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 14 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Christian Overdeput 60%annual accounts 2021
- Michael Theyskens 40%annual accounts 2021
Recent changes
Registered office moved within Ghent
New registered office: Sint-Denijslaan 457, 9000 Gent · Previous registered office: Distelstraat 30, 9000 Gent · Board meeting of 16-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0463545479
Demerger: A154 splits off to a154 architecten
Capital decrease of €15,764.98 · Reappointments: Theyskens Georg Michaël (director) and Overdeput Christian (director) · “Het beheer van een eigen onroerend vermogen, omvattend: het aanleggen, het oordeelkundig uitbouwen en beheren…” (deed in Dutch) · General meeting of 19-04-2022 · Gazette deed
Demerger proposal: A154 splits off to A154 ARCHITECTEN
Capital of €21,000, 2,100 shares · Capital of €18,550, 300 shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A154 Ghent | €870,277 | €88,861 | 20.5% | - |
| SYRO INVEST Zele | €923,138 | €83,057 | 80.0% | - |
| ZONINVEST Zulte | €790,031 | €96,771 | 55.9% | - |
| A-NET IMMO Beringen | €913,386 | €82,034 | 70.5% | - |
| SECCI Mons | €862,967 | €94,321 | 38.5% | - |
| ADONIOS Nandrin | €934,429 | €100,230 | 18.7% | - |
| BAS PROPERTIES Schaerbeek | €806,218 | €95,831 | 74.9% | - |
These companies have the same main activity as A154: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €790,000 and €934,000, founded between 1995 and 2001.
Official details
Source: KBO- Status
- Active since 17-06-1998Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
- Establishment unit
- 2.087.576.5909000 Ghent, since 07-07-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Annual accounts 2025
- ≈ €110,000estimated
- €870,277▼ 4.0%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on A154
A154 files the micro format. That format states no turnover. The gross margin fell from €108,128 in 2006 to €88,861 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
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 A154
- What is the company number of A154?
- The company number of A154 is 0463.545.479. The VAT number is the same number with BE in front: BE 0463.545.479.
- Where is A154 based?
- The registered office is at Sint-Denijslaan 457, 9000 Ghent.Company details
- What does A154 do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of A154?
- A154 is a private limited company (BV).
- When was A154 founded?
- A154 was founded on 17-06-1998.
- Is A154 still active?
- Yes, A154 is an active enterprise in the KBO register.
- How many employees does A154 have?
- A154 had an average of 0.2 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of A154?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €88,861 and 45 comparable companies (NACE 682). It probably lies between €99,000 and €150,000.
- Is A154 profitable?
- In financial year 2025, A154 made a profit of €17,322.
- Where can I find the annual accounts of A154?
- A154 filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A154 due?
- A154 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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