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BELFORT 18

Active
Public limited companyfounded 2017active for 9 yearsAdelaarsstraat 24, 9051 Gent, BelgiumKBO/BCE: BE 0673.722.408
Summary

BELFORT 18 has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €668,599 and a net result of €517,383. Equity has been growing by about 7.2% per year since 2018. Its solvency ranks better than 23% of 5,789 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 31-03-2017 Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
Establishment unit
2.263.912.692 9051 Gent, since 31-03-2017
Financial year end
31 December
Peppol
Reachable since 19-09-2025

Board and ownership

Board
  • KODOMODirector · since 22-03-2023 · permanent representative NEUKERMANS Sander
  • LANNOO LouisDirector · since 22-03-2023
  • PIETERS Jan-PieterDirector · since 22-03-2023
Shareholders
  • HESTIA INVEST2025 annual accounts of HESTIA INVEST
  • KODOMO· score 9030-09-2025 annual accounts of KODOMO
  • Satriales· score 532024 annual accounts of Satriales

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€576,919
▲ 85×
Turnover
≈ €650,000
estimated
Profit
€517,383
Equity
€668,599
▼ 21.9%
Total assets
€7.1m
▼ 20.8%
  • 2025 accounts filed 25 days after the deadline
Filed on 25-08-2026
Score breakdownraises riskLiquidity: current ratio 1.10, cash €34,968lowers riskSize: total assets €7.1mFigures for financial year 2025 (filed on 26-08-2026)Sector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 25% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency 34-1
equity 9.5% of total assets
Liquidity 1+1
short-term debt 90.5% · cash 0.5%
Profitability 56+19
return on assets 7.3%
Bankruptcy probability within 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% (6,993 companies, NACE 68, small)
Last 24 months 12-2024: 0.1%lowest 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: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.1%▼ -0.7 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.11 in 2024), below the usual 1.5. Short-term debt is 90.5% and cash 0.5% of total assets. 90.5% of the assets are financed with debt and provisions.
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, small). It does better than 28% of them on solvency, 3% on liquidity, 55% on profitability and 15% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €7.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.10, cash €34,968
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 26-08-2026)
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5789 sector peers (2025).
NBB · sector comparison
Position among 5789 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filings
Deviation from the deadline
2025
25 days late
2024
30 days early
2023
16 days early
2022
12 days early
2021
34 days early
2020
36 days early
2019
28 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 19 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 16 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €17,601 in 2024 €517,383 View
  • Positive: Higher net result than 86% of companies in real estatesector median €20,550 · 5,796 companies €517,383 View

Recent changes

  1. · Gazette deed Capital & shares
  2. · Gazette deed Resignations & appointmentsResignations: LANNOO Louis, PIETERS Jan-Pieter and KODOMO · Permanent representative: NEUKERMANS Sander · Appointments: LANNOO Louis, PIETERS Jan-Pieter and KODOMO
  3. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as BELFORT 18: 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 €4.3m and €11m, founded between 2015 and 2019.

CompanyTotal assetsGross margin
BELFORT 18 Gent€7.1m€0.6m
Jamiber Wingene€6.8m€0.5m
WATERLUM Elsene€6.8m€0.6m
Desca-Invest Evergem€4.6m€0.7m
BROLIN Lokeren€11.3m€0.5m
VAN DER PLAETSEN IMMO Waasmunster€4.3m€0.5m
QSL Immo Liège€7.1m€0.4m
Full comparison

Key facts about BELFORT 18

What is the company number of BELFORT 18?
The company number of BELFORT 18 is 0673.722.408. The VAT number is the same number with BE in front: BE 0673.722.408.
Where is BELFORT 18 based?
The registered office is at Adelaarsstraat 24, 9051 Gent.Company details
What does BELFORT 18 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 BELFORT 18?
The legal form of BELFORT 18 is Public limited company (NV).
When was BELFORT 18 founded?
BELFORT 18 was founded on 31-03-2017.
Is BELFORT 18 still active?
Yes, BELFORT 18 is an active enterprise in the KBO register.
What is the turnover of BELFORT 18?
The turnover in financial year 2025 is ≈ €650,000. This figure is estimated from the gross margin of €576,919 and 38 comparable companies (NACE 68201). It probably lies between €580,000 and €720,000.Financials
Is BELFORT 18 profitable?
In financial year 2025, BELFORT 18 made a profit of €517,383.
Where can I find the annual accounts of BELFORT 18?
BELFORT 18 filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BELFORT 18 due?
BELFORT 18 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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