Equity
-€92,209
Debts exceed assets in financial year 2025.
Gilen Real Estate Development
Lifetime
3 annual accounts with figures on one time axispeak €27,843 (2024)
-€120,316▼ €148,159
lowest -€187,876 (2025)
-€187,876▼ €214,733
peak €95,667 (2024)
-€92,209▼ €187,876
€441,066▲ 12×
peak 0.7 FTE (2025)
0.7 FTE
Board3 names since 2022
2 directorsChatons BV and 1 other
Owners
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Gross margin from €27,843 to -€120,316Loss of €187,876Company renamed from Canius REIM to Gilen Real Estate Develop… 12-02Equity from €95,667 to -€92,209Debts from €35,678 to €441,066Investments €775
Key points
from the 2025 annual accountsResult
-€187,876 -€187,876
From profit to loss in 2025, after a profit of €26,857 in 2024.
Debts
€441,066 126% of the balance sheet
Investments
€775 4.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.79 was 3.68 in 2024
Short-term debts rose from €35,678 to €441,066.
Position in the sector
-€187,876
Lower net result than 95% of companies in other professional activities. Sector median €12,609 · 816 companies.
2025 accounts filed 26 days after the deadlineTurnover not published (abbreviated or micro format)
Checked score
49
Fair
Financially stronger than 5% of micro companies in other professional activities (NACE 74)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.2 percentage points vs 01-2025
03-2025: 0.2%▼ -0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.3%▲ +0.1 percentage points vs 12-2025
02-2026: 0.5%▲ +0.2 percentage points vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 1.2%▲ +0.6 percentage points vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.5%▲ +0.3 percentage points vs 05-2026
07-2026: 2.1%▲ +0.6 percentage points vs 06-2026
08-2026: 2.1%● unchanged vs 07-2026
09-2026: 2.8%▲ +0.7 percentage points vs 08-2026
10-2026: 2.8%● unchanged vs 09-2026highest value
11-2026: 2.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €187,876 (financial year 2025)
lowers risk
Sector: Other professional, scientific and technical activities (NACE 74)
Founded in 2022
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 74, micro). It does better than 5% of them on solvency, 4% on liquidity and 7% on profitability.
The bankruptcy probability was computed on 05-11-2026 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, 7,639 companies had the same profile as Gilen Real Estate Development has now. Each dot stands for 20 companies, two years later.
84.9%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Gilen Real Estate Development itself: 2.8% 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 7,639 companies, not a prediction for Gilen Real Estate Development. 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 0.79 (3.68 in 2024), below 1. Short-term debt is 126.4% and cash 3.2% 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 risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€92,209
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 3 filingsDeviation from the deadline
2025
26 days late
2024
1 day early
2023
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 1 day after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0788487363
Company renamed from Canius REIM to Gilen Real Estate Development
Registered office moved from Antwerp to Sint-Truiden · New registered office: Plankstraat 13, 3800 Sint-Truiden · Previous registered office: Koninklijkelaan 74, 2600 Antwerpen (Berchem) · General meeting of 29-01-2025 · Gazette deed
Company renamed from BAXTER & BATES to Canius REIM
“Het geven van advies inzake vastgoed,zowel inzake aan- en verkoop,als inzake verhuur,optimalisatie en…” (deed in Dutch) · General meeting of 01-09-2023 · Gazette deed
Incorporation
Founding capital of €125,000, 100 shares · Founders: MANIFICO and IRREALIS · Appointments: NÉDÉE Manu (director) and CHATONS (director) · published on 14-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Gilen Real Estate Development Sint-Truiden | €348,857 | -€120,316 | -26.4% | 0.7 |
| MOONFISH Lummen | €217,331 | -€101,042 | -132.5% | 0 |
| Rehubs Europe Etterbeek | €532,743 | -€104,381 | 48.0% | 1 |
| Clifford Electronics België Waregem | €436,671 | -€247,377 | -62.1% | 2 |
| SMRT Group Lochristi | €326,842 | -€133,218 | -31.9% | 1.4 |
| Uni Company Brussels | €390,016 | -€517,066 | 52.0% | 1.4 |
| Storm 63 Antwerp | €262,038 | -€1,943 | -1.4% | 0 |
These companies have the same main activity as Gilen Real Estate Development: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €217,000 and €533,000, founded between 2020 and 2024.
Official details
Source: KBO- Status
- Active since 12-07-2022Normal situation
- Registered office
- 18 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Other professional, scientific and technical activitiesNACE 74999and 4 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.371.675.1403800 Sint-Truiden, since 12-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 15-01-2026
Insights on Gilen Real Estate Development
Gilen Real Estate Development files the abbreviated format. That format states no turnover. The gross margin fell from -€31,795 in 2023 to -€120,316 in 2025.
In February 2025, the Official Gazette published the appointment of PROJECTMANAGEMENT as managing director.
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 Gilen Real Estate Development
- What is the company number of Gilen Real Estate Development?
- The company number of Gilen Real Estate Development is 0788.487.363. The VAT number is the same number with BE in front: BE 0788.487.363.
- Where is Gilen Real Estate Development based?
- The registered office is at Plankstraat 13, 3800 Sint-Truiden.Company details
- What does Gilen Real Estate Development do?
- According to the KBO register, the main activity is other professional, scientific and technical activities (NACE 74999).
- What is the legal form of Gilen Real Estate Development?
- Gilen Real Estate Development is a private limited company (BV).
- When was Gilen Real Estate Development founded?
- Gilen Real Estate Development was founded on 12-07-2022.
- Is Gilen Real Estate Development still active?
- Yes, Gilen Real Estate Development is an active enterprise in the KBO register.
- How many employees does Gilen Real Estate Development have?
- Gilen Real Estate Development had an average of 0.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Gilen Real Estate Development fall under?
- In its 2025 annual accounts, Gilen Real Estate Development states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Gilen Real Estate Development?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it. In financial year 2024 turnover was €74,287.
- Is Gilen Real Estate Development profitable?
- In financial year 2025, Gilen Real Estate Development made a loss of €187,876.
- Where can I find the annual accounts of Gilen Real Estate Development?
- Gilen Real Estate Development filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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