Betula Pendula

Active

Public limited companyfounded 20242 yrs activeEsplanade Oscar Van de Voorde 1, 9000 Gent, BelgiumKBO/BCE: BE 1011.167.392

Summary

Betula Pendula has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €29,573. Its solvency ranks better than 18% of 5662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch Report Compare

Betula PendulaActiveChecked score 82/100

Risk analysis Report Compare

Activity

Buying and selling of own real estate

NACE 68110NACE 68100

1 site

Size

€24.5mtotal assets 2025

Equity: €1.0m
Profit: €29,573

Financial health

82 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.3%

Structure

Parent: MG Real Estate · 90%
Board: 6 members

Accounts 46 d early1 of 2 deeds read

Why 82- Liquidity: current ratio 0.04, cash €48,224- Founded in 2024+ Sector Real estate activities (NACE 68)+ Size: total assets €24.5mShow the evidence

Checked score

Score 2025

82 / 100

Excellent

Probability in this band: under 0.55%

Better than 22% of its sector peers (NACE 68, medium-sized)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength

Weak

Solvency 29

equity 4.2% of total assets

Liquidity 0

short-term debt 95.8% · cash 0.2%

Profitability 38

return on assets 0.1%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,717 companies)

Last 24 months 08-2025: 0.6% 09-2025: 0.6%▲ +3.2% vs 08-2025 10-2025: 0.6%▲ +5.9% vs 09-2025 11-2025: 0.6%▲ +5.4% vs 10-2025 12-2025: 0.7%▲ +13.4% vs 11-2025 01-2026: 0.7%● 0.0% vs 12-2025 02-2026: 0.8%▲ +11.7% vs 01-2026 03-2026: 0.8%▲ +2.2% vs 02-2026 04-2026: 0.8%▼ -3.8% vs 03-2026 05-2026: 0.8%▲ +0.3% vs 04-2026 06-2026: 0.9%▲ +14.6% vs 05-2026highest value 07-2026: 0.3%▼ -66.8% vs 06-2026 08-2026: 0.3%▼ -2.3% vs 07-2026lowest value 09-2026: 0.3%● 0.0% vs 08-2026lowest value 10-2026: 0.3%● 0.0% vs 09-2026lowest value

Liquidity: current ratio 0.04, cash €48,224 raises the probability
Sector Real estate activities (NACE 68) lowers the probability
Size: total assets €24.5m lowers the probability for this profile
Founded in 2024 raises the probability for this profile

Credit up to €80,000 at 30 days only on tighter terms

Liquidity short (current ratio 0.04; short-term debt: 95.8% and cash: 0.2% of total assets), and 95.8% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 21%, liquidity 2%, profitability 41%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

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

−lowers risk+raises risk○neutral

Liquidity: current ratio 0.04, cash €48,224

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Real estate activities (NACE 68)

In the bankruptcy model this factor lowers the probability.

KBO

Size: total assets €24.5m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Founded in 2024

In the bankruptcy model this factor raises the probability for this profile.

KBO

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 5662 sector peers (2025).

NBB · sector comparison

Position among 5662 sector peers

Solvency

better than 18%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2025

46 d early

← before the deadline after the deadline →

Checked, nothing found (1)

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

10-08-26 Appointments: MG RE Investment BV, Prodit…Permanent representatives: Ignace De Paepe…
15-06-26 Annual accounts filedfiscal year 2025 · full…

Key points

Caution: Among the weakest 18% on solvencysector median 38.6% · 5,662 companies 4.2% View
New directorslatest change 22-06-2026 · 6 in office 5 joined View
Controlled by MG Real Estateknown shareholders 100% 90% View