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B - Real Estate

Active
Public limited companyfounded 2014active for 12 yearsPokmoere 4, 9900 Eeklo, BelgiumKBO/BCE: BE 0550.905.065
Summary

B - Real Estate has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.7m and a net result of €731,207. Equity is shrinking by about 3.9% per year across the filed financial years. Its solvency ranks better than 72% of 5,776 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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B - Real EstateActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Buying and selling of own real estate
NACE 68110
2nd largest company by total assets in Eeklo, Real estate sector1 site
Size
€23.3mtotal assets 2025
Equity
€15.7m
Profit
€731,207
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
NV B-Steel
Holdings
3
Auditor: ERNST & YOUNG ASSURANCE SERVICES2025 accounts 59 days early11 of 17 deeds summarised
Why 96raises riskLiquidity: current ratio 6.02, cash €1.0mlowers riskSize: total assets €23.3mFigures for financial year 2025 (filed 10-06-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 68, medium-sized)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 92+3
equity 67.3% of total assets
Liquidity 55+3
short-term debt 5.6% · cash 4.4%
Profitability 37-34
return on assets 3.1%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,720 companies, NACE 68, medium-sized)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: < 0.1%● unchanged vs 12-2024 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: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026highest value 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €1,500,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.02, compared with 6.19 in 2024, above the usual 1.5; short-term debt: 5.6% and cash: 4.4% of total assets), and 32.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 80% on solvency, 84% on liquidity, 36% on profitability and 57% on growth.

The bankruptcy probability was computed on 28-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €23.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 10-06-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 6.02, cash €1.0m
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
58 days early
2023
78 days early
2022
82 days early
2021
61 days early
2020
60 days early
2019
78 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 68 days before the deadline; the sector median (NACE 68) for financial year 2024 is 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 31 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Reappointment: BUFICO BV (managing director)Permanent representative: Victor Buyck ·…
  2. Resignations: Manuel Buyck, BUFICO BV and…Reappointments: Manuel Buyck, BUFICO BV…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Positive: 2nd largest company by total assets in Eeklo, Real estate sectorin the Checked rankings No. 2 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €731,207 8 years View
  • Controlled by NV B-Steelknown shareholders 100% parent View
  • Caution: Result fell in 2025from €1.1m to €731,207 ▼ 35.9% View

By topic

Financials

Financial year
2025
Total assets
€23.3m
Profit
€731,207
Solvency
67.3%
Turnover▼ 98.6%
Net result
20182021
Go to Financials

Board & ownership

Board
3 members
Parent
NV B-Steel
Known shareholders
100%
Auditor
ERNST & YOUNG ASSURANCE…
  • BUFICOManaging director
  • Jennifer BuyckDirector
  • Manuel BuyckDirector
Go to Board & ownership

Network & group

Subsidiaries
3
Connected companies
7
Mergers and asset contributions
2

3 subsidiaries

Go to Network & group

Timeline

Events
23
Since
2016
Next accounts
by 31-07-2027
  1. 07-07-2025Appointment: Jennifer Buyck (director)
  2. 03-06-2025Annual accounts filed
  3. 06-03-2025Reappointment: BV Ernst & Young Bedrijfsrevisoren (statutory…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Buying and selling of own real estateNACE 68110
Founded
25-04-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
46
Annual meeting
Second Monday of May at 17:00
Purpose
“De samenstelling en het beheer van onroerend vermogen en de huurfinanciering of onroerende…” (deed in Dutch)
Go to Articles of association

Key facts about B - Real Estate

What is the company number of B - Real Estate?
0550.905.065. In Belgium the VAT number is the company number with BE in front: BE 0550.905.065.
Where is B - Real Estate based?
The registered office is at Pokmoere 4, 9900 Eeklo.Company details
What does B - Real Estate do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of B - Real Estate?
Public limited company (NV).
When was B - Real Estate founded?
On 25-04-2014.
Is B - Real Estate still active?
Yes, B - Real Estate is an active enterprise in the KBO register.
How many employees does B - Real Estate have?
On average 0.1 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
What is the turnover of B - Real Estate?
€600 in financial year 2021, according to the filed annual accounts.
Is B - Real Estate profitable?
In financial year 2025, B - Real Estate made a profit of €731,207.
Where can I find the annual accounts of B - Real Estate?
B - Real Estate filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of B - Real Estate due?
By 31-07-2027, for financial year 2026.Timeline

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