BEL ESTATES

Active

Private limited companyfounded 20233 yrs activePrins de Salmlaan 2, 3090 Overijse, BelgiumKBO/BCE: BE 0797.457.487

Summary

BEL ESTATES has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-737. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 52% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysis Watch Report Compare

BEL ESTATESActiveChecked score 55/100

Risk analysis Report Compare

Checked score

Score 2025

55 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability67▼-8

Solvency57▼-34

Growth52=

Track record94

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity tight (current ratio 1.46 against 1.93 in 2024; short-term debt: 68% and cash: 3.2% of total assets), and 68% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

32%

Return on assets

-1.6%

Age of the figures

9 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

27 d late

2024

1 d early

2023

51 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€14k▼ 4.9%

2024 · €15k

2023: €14klowest in 3 years 2024: €15k▲ +8.2% vs 2023highest in 3 years 2025: €14k▼ -4.9% vs 2024

2023 → 2025

Total assets

€45k▲ 96.5%

2024 · €23k

2023: €38k 2024: €23k▼ -40.3% vs 2023lowest in 3 years 2025: €45k▲ +96.5% vs 2024highest in 3 years

2023 → 2025

Net result

€-737

2024 · €1k

2023: €12khighest in 3 years 2024: €1k▼ -90.0% vs 2023 2025: €-737▼ -164% vs 2024lowest in 3 years

2023 → 2025

Working capital

€14k▲ 99.4%

2024 · €7k

2023: €-2klowest in 3 years 2024: €7k▲ +471% vs 2023 2025: €14k▲ +99.4% vs 2024highest in 3 years

2023 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€14k-€15k▲ 8.2%€14k▼ 4.9% 2023: €14klowest in 3 years 2024: €15k▲ +8.2% vs 2023highest in 3 years 2025: €14k▼ -4.9% vs 2024

Operating result€19k-€4k▼ 79.0%€1k▼ 73.4% 2023: €19khighest in 3 years 2024: €4k▼ -79.0% vs 2023 2025: €1k▼ -73.4% vs 2024lowest in 3 years

Net result€12k-€1k▼ 90.0%€-737 2023: €12khighest in 3 years 2024: €1k▼ -90.0% vs 2023 2025: €-737▼ -164% vs 2024lowest in 3 years

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €45k

99.5%

Fixed assets €230 ▼ 97.2%

Current assets €45k ▲ 203%

Equity and liabilities €45k

32.0%

68.0%

Equity €14k ▼ 4.9%

Debt €31k ▲ 295%

Debt's share of the balance-sheet total rises from 33.8% to 68.0%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€9k▼

2024 · €12k

Cash flow

€7k▼

2024 · €9k

Current ratio

1.46▼

2024 · 1.93

Debt to equity

2.12▲

2024 · 0.51

ROE

-5.1%▼

2024 · 7.6%

ROA

-1.6%▼

2024 · 5.0%

Interest coverage

24.52▼

2024 · 43.99

Debt ≤ 1 year

€31k▲

2024 · €8k

Income taxes

€2k▼

2024 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Balance sheet Code20242025

Assets

Total assets20/58€23k€45k▲

Fixed assets21/28€8k€230▼

Tangible fixed assets22/27€8k€230▼

Furniture and vehicles24€8k€230▼

Current assets29/58€15k€45k▲

Amounts receivable within one year40/41€4k€43k▲

Trade receivables40€2k€40k▲

Other amounts receivable41€2k€4k▲

Cash at bank and in hand54/58€5k€1k▼

Deferred charges and accrued income490/1€6k€0▼

Equity and liabilities

Total equity and liabilities10/49€23k€45k▲

Equity10/15€15k€14k▼

Contributions10/11€3k€3k=

Reserves13€13k€13k=

Distributable reserves133€13k€13k=

Profit (loss) carried forward14-€-737

Amounts payable17/49€8k€31k▲

Amounts payable within one year42/48€8k€31k▲

Trade debts44€2k€13k▲

Suppliers440/4€2k€13k▲

Advances received on contracts in progress46-€12k

Taxes, remuneration and social security45€5k€6k▲

Taxes450/3€5k€6k▲

Accrued charges and deferred income492/3€62€0▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=

Other operating charges640/8€2k€2k▼

Gross operating margin9900€14k€11k▼

Operating profit (loss)9901€4k€1k▼

Financial income75/76B-€176

Recurring financial income75-€176

Financial charges65/66B€271€366▲

Recurring financial charges65€271€366▲

Profit (loss) for the period before taxes9903€4k€884▼

Income taxes67/77€3k€2k▼

Profit (loss) for the period9904€1k€-737▼

Profit (loss) for the period to be appropriated9905€1k€-737▼

Appropriation of the result

Profit (loss) to be appropriated9906€1k€-737▼

Transfer to equity691/2€1k€0▼

To other reserves6921€1k€0▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€8k	€8k	€8k	=
Other operating charges640/8	€2k	€2k	€2k	▼ 19.2%
Gross operating margin9900	€28k	€14k	€11k	▼ 24.0%
Operating profit (loss)9901	€19k	€4k	€1k	▼ 73.4%
Financial income75/76B	€5	-	€176	-
Recurring financial income75	€5	-	€176	-
Financial charges65/66B	€58	€271	€366	▲ 34.8%
Recurring financial charges65	€58	€271	€366	▲ 34.8%
Profit (loss) for the period before taxes9903	€19k	€4k	€884	▼ 76.5%
Income taxes67/77	€8k	€3k	€2k	▼ 38.0%
Profit (loss) for the period9904	€12k	€1k	€-737	▼ 164%
Profit (loss) for the period to be appropriated9905	€12k	€1k	€-737	▼ 164%

Line	2023	2024	2025	Change
Assets
Total assets20/58	€38k	€23k	€45k	▲ 96.5%
Fixed assets21/28	€16k	€8k	€230	▼ 97.2%
Tangible fixed assets22/27	€16k	€8k	€230	▼ 97.2%
Furniture and vehicles24	€16k	€8k	€230	▼ 97.2%
Current assets29/58	€22k	€15k	€45k	▲ 203%
Amounts receivable within one year40/41	€4k	€4k	€43k	▲ 1,131%
Trade receivables40	€4k	€2k	€40k	▲ 2,061%
Other amounts receivable41	€115	€2k	€4k	▲ 133%
Cash at bank and in hand54/58	€18k	€5k	€1k	▼ 73.4%
Deferred charges and accrued income490/1	-	€6k	€0	▼ 100%
Equity and liabilities
Total equity and liabilities10/49	€38k	€23k	€45k	▲ 96.5%
Equity10/15	€14k	€15k	€14k	▼ 4.9%
Contributions10/11	€3k	€3k	€3k	=
Reserves13	€12k	€13k	€13k	=
Distributable reserves133	€12k	€13k	€13k	=
Profit (loss) carried forward14	-	-	€-737	-
Amounts payable17/49	€24k	€8k	€31k	▲ 295%
Amounts payable within one year42/48	€24k	€8k	€31k	▲ 298%
Trade debts44	€6k	€2k	€13k	▲ 481%
Suppliers440/4	€6k	€2k	€13k	▲ 481%
Advances received on contracts in progress46	-	-	€12k	-
Taxes, remuneration and social security45	€11k	€5k	€6k	▲ 7.3%
Taxes450/3	€11k	€5k	€6k	▲ 7.3%
Other amounts payable47/48	€7k	-	-	-
Accrued charges and deferred income492/3	€44	€62	€0	▼ 100%

Line	2023	2024	2025	Change
Profit (loss) for the period9904	€12k	€1k	€-737	▼ 164%
+ Depreciation and write-downs630	€8k	€8k	€8k	=
Operating cash flow (approximation)	€19k	€9k	€7k	▼ 20.9%
Investment in fixed assets (approximation)	-	€0	€0	-
Change in cash	-	€-13k	€-4k	▲ 69.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

31-12

Financial Weakest financial yearnet €-737

Net result drops to €-737, the lowest in the series.

30-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity doublescurrent ratio 1.93

Current ratio from 0.92 to 1.93; short-term debt falls from €24k to €8k.

10-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Overijse

exact location from the address register On OpenStreetMap

Ground area

2,726 m²

Building footprint

120 m²

Volume, LiDAR

979 m³

Parcel 23543O0005/00Z009, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23543O0005/00Z009	Flanders	2,726 m²	1 · 120 m²	11.4 m · 3 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

BRADLEY CONSULT

BE 0444.312.359

Waterloo · Eq €14,400

Antwerpen · Eq €14,569

Vastgoed & Advies

BE 0812.395.982

Hasselt · Eq €14,340

Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 3,469 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded20-01-2023

Fiscal year end31-12

Activities, NACEBEL 2025

68310Real estate agency activities

68121Development of residential building projects

68322Real estate appraisal on a fee or contract basis

Scores and ratios are computed by Checked and are not a credit decision.