Equity
€47.6m ▲ 48.0%
Borinage Hauts-Pays Logements has made a profit without a break since 2016.
Borinage Hauts-Pays Logements
Lifetime
20 annual accounts with figures on one time axis, 46 filings since 1979peak €9.3m (2025)
€9.3m▲ 6.0%
lowest -€3.7m (2009)
€1.3m▲ 19×
peak €47.6m (2025)
€47.6m▲ 48.0%
€87.3m▲ 3.5%
peak 52.7 FTE (2013)
41.2 FTE▼ 1.4%
Board73 names since 2007all names
20 directorsBenamar BOUAZZA and 19 others
Documentsfilings and deeds
25-06-202636 days before the deadline
2025abbreviated format
Gross margin from €7.3m to €8.2mResult from €67,821 to €1.3m13 directors appointed, 1 statutory auditor appointed 06-10Resignations & appointments 06-108 directors appointed 06-10Equity from €32.2m to €47.6m
Key points
from the 2025 annual accountsResult
€1.3m ▲ 19×
The result rose in 2025: different schema filed.
Investments
€19.2m 6.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 147.5% higher than in 2024.
Payment terms
662 days to suppliers
Borinage Hauts-Pays Logements pays its suppliers 552 days later than in 2024. Customers pay 1 day later.
Filings
46 annual accounts since 1979
The last five annual accounts were filed 36 to 41 days before the end of the period.
Board
3 joined · 1 left
Board changed. Latest change 26-08-2026 · 20 in office.
Checked score
96
Excellent
Financially stronger than 72% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
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: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.01, cash €24.8m
Size: turnover €9.3m, 41.2 FTE, total assets €136.4m
Founded in 1922
Sector: Real estate activities (NACE 68)
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 55% of them on solvency, 93% on liquidity, 62% on profitability and 77% on growth.
The bankruptcy probability was computed on 07-11-2026 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 very low class on 30-06-2025, 0.1% 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, 14,766 companies had the same profile as Borinage Hauts-Pays Logements has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Borinage Hauts-Pays Logements itself: < 0.1% 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 14,766 companies, not a prediction for Borinage Hauts-Pays Logements. 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
Credit of up to €900,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.01 (2.36 in 2024), above the usual 1.5. Short-term debt is 14.2% and cash 18.2% of total assets. However, 65.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
37 days early
2023
37 days early
2022
41 days early
2021
38 days early
2020
31 days early
2019
29 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 36 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 24 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
7 directors appointed, 1 statutory auditor appointed, 2 resignations
Appointments: Huseyin BALCI; Ophélie DI GIOSIA; Véronique DAMEE; Guy NITA; Nathalie NISOLLE; Véronique BROUCKAERT and 2 others · Resignations: Loucas SOQUET and Véronique DAMEE · General meeting of 18-06-2026 · Gazette deed
2 directors appointed, 1 resignation
Appointments: Nathalie NISOLLE (director) and Véronique BROUCKAERT (administratrice représentant la commune de boussu) · Resignation: Loucas SOQUET · Gazette deed
13 directors appointed, 1 statutory auditor appointed
Philippe BERDYSZ (administrateur représentant les pouvoirs locaux); Laurence BOSSU (administrateur représentant les pouvoirs locaux); Noura CHOUKRANE (administrateur représentant les pouvoirs locaux); Maud DETOMBE (administrateur représentant les pouvoirs locaux); Ludovic DURIEU (administrateur représentant les pouvoirs locaux); Fabrice FRANCOIS (administrateur représentant les pouvoirs locaux) and 8 others · General meeting of 19-06-2025 · Gazette deed
Resignations & appointments
Board meeting of 15-07-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Borinage Hauts-Pays Logements Boussu | €9.3m | 14.6% | 34.9% | 41.2 |
| SAMBRE & BIESME Farciennes | €9.2m | 3.7% | 22.3% | 39.3 |
| La Ruche Chapelloise Chapelle-lez-Herlaimont | €8.6m | 3.9% | 41.2% | 37.4 |
| IMMOBILIERE SOCIALE ENTRE SAMBRE ET HAINE Binche | €9.1m | 4.1% | 36.8% | 37.4 |
| SOCIETE DU LOGEMENT DE GRACE-HOLLOGNE Grâce-Hollogne | €11.2m | 5.5% | 53.3% | 43 |
| MEUSE CONDROZ LOGEMENT Huy | €10.2m | 11.3% | 53.0% | 42 |
| SAMBR'HABITAT Sambreville | - | - | 47.3% | 40.7 |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Borinage Hauts-Pays Logements: real estate activities (NACE 68202). They are comparable in size and age: total assets between €86m and €152m, founded between 1921 and 1928.
Official details
Source: KBO- Status
- Active since 28-12-1922Normal situation
- Activity
- Real estate activitiesNACE 68202
- Joint committee
- 339.02Approved social housing companies · annual accounts 2025
- Establishment unit
- 2.233.014.2347301 Boussu, since 01-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €136.4m▲ 15.2%
- Employeeson 31-12-2025
- 42▼ 2.3%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on Borinage Hauts-Pays Logements
Borinage Hauts-Pays Logements has existed since 1922. Turnover grew from €5.2m in 2007 to €9.3m in 2025.
Turnover has grown every year since 2013. Solvency rose in 2025 from 27.2% to 34.9% because of the retained profit.
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 Borinage Hauts-Pays Logements
- What is the company number of Borinage Hauts-Pays Logements?
- The company number of Borinage Hauts-Pays Logements is 0401.098.859. The VAT number is the same number with BE in front: BE 0401.098.859.
- Where is Borinage Hauts-Pays Logements based?
- The registered office is at Amphithéâtre Hadès 152, 7301 Boussu.Company details
- What does Borinage Hauts-Pays Logements do?
- According to the KBO register, the main activity is real estate activities (NACE 68202).
- What is the legal form of Borinage Hauts-Pays Logements?
- Borinage Hauts-Pays Logements is a private limited company (BV).
- When was Borinage Hauts-Pays Logements founded?
- Borinage Hauts-Pays Logements was founded on 28-12-1922.
- Is Borinage Hauts-Pays Logements still active?
- Yes, Borinage Hauts-Pays Logements is an active enterprise in the KBO register.
- How many employees does Borinage Hauts-Pays Logements have?
- Borinage Hauts-Pays Logements had an average of 41.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Borinage Hauts-Pays Logements fall under?
- In its 2025 annual accounts, Borinage Hauts-Pays Logements states joint committee 339.02 (Approved social housing companies).
- What is the turnover of Borinage Hauts-Pays Logements?
- The turnover of Borinage Hauts-Pays Logements was €9.3m in financial year 2025, according to the filed annual accounts.
- Is Borinage Hauts-Pays Logements profitable?
- In financial year 2025, Borinage Hauts-Pays Logements made a profit of €1.3m.
- Where can I find the annual accounts of Borinage Hauts-Pays Logements?
- Borinage Hauts-Pays Logements filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Borinage Hauts-Pays Logements due?
- Borinage Hauts-Pays Logements must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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