Equity
€211,681 from €698,049 in 2022
Equity fell by 70% in 3 years.
BIVELENHOF
Lifetime
7 annual accounts with figures on one time axispeak €486,277 (2021)
€50,463▲ 359%
lowest -€11,612 (2019)
€7,292▲ €11,851
peak €698,049 (2022)
€211,681▲ 3.6%
€3.4m▼ 36.5%
Board10 names since 2018
8 directorsGEURTS Jean Marie Eugène and 7 others
Owners7 names in the annual accountsall names
36%VASO Constructions and 3 others
Documentsfilings and deeds
08-07-202623 days before the deadline
2025financial year
Gross margin from €11,003 to €50,463Back to profit: €7,292Registered office moved within Hasselt 09-05Debts from €5.4m to €3.4mCash from €46,168 to €132,792
Key points
from the 2025 annual accountsTurnover
≈ €130,000 estimated
The accounts state no turnover.
Debts
€3.4m 94% of the balance sheet
Financial debts 43%Suppliers 1%Taxes and wages 0%Other 56%
€1.5m of the debts are secured on the company's own assets. In 2021 that was €1.7m.
Filings
7 annual accounts 1 late
The 2021 accounts came 26 days late. The other six were filed on time.
At the same address
56 companies
Position in the sector
5.8%
Lower solvency than 80% of companies in real estate. Sector median 38.2% · 5,810 companies.
Checked score
87
Excellent
Financially stronger than 33% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 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 12-2024lowest value
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%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.2%▼ -0.3 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €3.7m
Figures for financial year 2025 (filed on 08-07-2026)
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 24% of them on solvency, 12% on liquidity, 36% on profitability and 59% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 1,603 companies had the same profile as BIVELENHOF has now. Each dot stands for 5 companies, two years later.
95.9%
were still trading
1.8%
stopped another way
1.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BIVELENHOF itself is lower: 0.2% within 12 months. It rests on far more data about BIVELENHOF than the profile alone.
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 1,603 companies, not a prediction for BIVELENHOF. 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 €18,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.36 (1.48 in 2024), below the usual 1.5. Short-term debt is 73.5% and cash 3.6% of total assets. 94.2% 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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 5810 sector peers (2025).
NBB · sector comparisonPosition among 5810 sector peers
Solvency
better than 19%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 days early
2024
17 days early
2023
20 days early
2022
17 days early
2021
26 days late
2020
22 days early
2019
24 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 14 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 14 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
and 2 others
- ABACUS INVEST NV consolidatesscore 84equity €571.6m (2025) · annual accounts 2020
- VASO Constructions 36%score 93equity €3.2m (2025) · 2025 annual accounts of VASO Constructions
- MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN 33.33%score 92equity €327.2m (2025) · 2025 annual accounts of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN
Recent changes
Registered office moved within Hasselt
New registered office: Kolonel Dusartplein 20, 3500 Hasselt · Previous registered office: Havermarkt 22, 3500 Hasselt · Board meeting of 14-03-2025 · Gazette deed
6 directors appointed, 4 resignations
Resignations: VANGRONSVELD Stefan Jacobus Maria (class B director), SOMERS Edwin Jozef AnneMarie (class B director), GEURTS Jean Marie Eugène (class A director) and WAGEMANS Maria Lambertine (class A director) · Appointments: VANGRONSVELD Stefan Jacobus Maria (class B director), SOMERS Edwin Jozef AnneMarie (class B director), GEURTS Jean Marie Eugène (class A director), WAGEMANS Maria Lambertine (class A director), RisasoN (class C director) and Ann To (class C director) · Permanent representatives: NECKEBROECK Rik and VAN BECELAERE Tom · General meeting of 23-05-2024 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Bilzen-Hoeselt
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Bilzen-Hoeselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BIVELENHOF Hasselt | €3.7m | €50,463 | 5.8% | - |
| BENJAMIN FRANKLIN Hasselt | €3.6m | €59,382 | -8.6% | - |
| WE-projects Dendermonde | €3.7m | €72,307 | 0.0% | - |
| VAD-CONSTRUCT Hamme (Vl.) | €3.2m | €61,439 | 5.5% | 0.8 |
| IMMO LEVENS Houthalen-Helchteren | €4.8m | €48,428 | 0.1% | - |
| INVESTATE Lanaken | €3.2m | €24,677 | 3.8% | - |
| Confido Woonprojecten Hasselt | €3.0m | €85,051 | 4.5% | 0 |
These companies have the same main activity as BIVELENHOF: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €3m and €4.8m, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 26-10-2018Normal situation
- Registered office
- 57 active companies are registered at this address5 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.284.463.9253500 Hasselt, since 26-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €3.7m▼ 35.0%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Companies linked to BIVELENHOF
Shareholders
- IMMO ESTETICO15.33%
- WAGE10.33%
Insights on BIVELENHOF
BIVELENHOF has existed since 2018. The gross margin fell from €486,277 in 2021 to €11,003 in 2024.
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 BIVELENHOF
- What is the company number of BIVELENHOF?
- The company number of BIVELENHOF is 0712.629.009. The VAT number is the same number with BE in front: BE 0712.629.009.
- Where is BIVELENHOF based?
- The registered office is at Kolonel Dusartplein 20, 3500 Hasselt.Company details
- What does BIVELENHOF do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of BIVELENHOF?
- BIVELENHOF is a public limited company (NV).
- When was BIVELENHOF founded?
- BIVELENHOF was founded on 26-10-2018.
- Is BIVELENHOF still active?
- Yes, BIVELENHOF is an active enterprise in the KBO register.
- What is the turnover of BIVELENHOF?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €50,463 and 48 comparable companies (NACE 681). It probably lies between €68,000 and €310,000.Financials
- Is BIVELENHOF profitable?
- In financial year 2025, BIVELENHOF made a profit of €7,292.
- Where can I find the annual accounts of BIVELENHOF?
- BIVELENHOF filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BIVELENHOF due?
- BIVELENHOF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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