Equity
-€26,619
Debts exceed assets in financial year 2025.
BELARES
Lifetime
4 annual accounts with figures on one time axispeak €231,774 (2023)
-€7,133▲ €4,182
lowest -€35,341 (2025)
-€35,341▼ €19,012
peak €25,050 (2023)
-€26,619▼ €35,341
€393,175▼ 4.2%
Board2 names since 2021
2 directors and 1 other
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from -€11,315 to -€7,133Loss of €35,341Equity from €8,722 to -€26,619Cash from €354 to €1,119
Key points
from the 2025 annual accountsLosses
-€51,669 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€393,175 107% of the balance sheet
Financial debts 50%Suppliers 2%Other 49%
Of this, €198,175 falls due within a year.
Liquidity
1.85 was 2.77 in 2024
Short-term debts rose from €151,206 to €198,175.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 0 to 5 days before the end of the period.
Position in the sector
-€35,341
Lower net result than 88% of companies in real estate. Sector median €5,854 · 19,790 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,554 companies had the same profile as BELARES has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,554 companies, not a prediction for BELARES. 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
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Signals
Recent changes
Registered office moved to Landen
New registered office: Walsbetsestraat 198, 3401 Landen (Walsbets) · Appointment: (additional director) · Registered office clause: Waasmontstraat 183, 3401 Landen (Walsbets) · General meeting of 26-01-2024 · Gazette deed
Incorporation
Founding capital of €10,000, 100 shares · Founder: · Appointment: (director) · published on 20-12-2021 · Gazette deed
First establishment
Waasmontstraat 183, Landen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BELARES Landen | €366,557 | -€7,133 | -7.3% | - |
| ROYAL GROUP BOURKHA IMMO Morlanwelz | €384,386 | -€7,157 | -4.2% | - |
| SWB DEVELOPMENT Oupeye | €393,018 | -€6,699 | -36.9% | - |
| VEROPHIE Wavre | €402,715 | -€14,037 | 91.0% | - |
| Brizzofi Lier | €428,925 | -€1,484 | 53.3% | - |
| GIULOREA Ixelles | €371,496 | -€4,935 | -1.6% | - |
| ROFELO INVEST Ghent | €360,271 | -€1,817 | -23.7% | 0 |
These companies have the same main activity as BELARES: 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 €360,000 and €429,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 16-12-2021Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 4 others
- Establishment unit
- 2.326.202.0353401 Landen, since 16-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €366,557▼ 12.5%
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on BELARES
BELARES files the micro format. That format states no turnover. The gross margin fell from €85,836 in 2022 to -€7,133 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 BELARES
- What is the company number of BELARES?
- The company number of BELARES is 0778.737.774. The VAT number is the same number with BE in front: BE 0778.737.774.
- Where is BELARES based?
- The registered office is at Waasmontstraat 183, 3401 Landen.Company details
- What does BELARES 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 BELARES?
- BELARES is a private limited company (BV).
- When was BELARES founded?
- BELARES was founded on 16-12-2021.
- Is BELARES still active?
- Yes, BELARES is an active enterprise in the KBO register.
- What is the turnover of BELARES?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is BELARES profitable?
- In financial year 2025, BELARES made a loss of €35,341.
- Where can I find the annual accounts of BELARES?
- BELARES filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BELARES due?
- BELARES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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