Equity
-€213,848
Debts exceed assets in financial year 2025.
BOITEUX RESIDENTIAL
Lifetime
14 annual accounts with figures on one time axispeak €2.3m (2014)
-not published
lowest -€137,920 (2025)
-€137,920▼ €58,345
peak €189,115 (2012)
-€213,848▼ €137,920
€1.4m▲ 7.6%
peak 0 FTE (2023)
0 FTE
Board6 names since 2017
2 directorsA³ MANAGEMENT and 1 other
Owners4 names in the annual accounts
100%IMMOBEL
Documentsfilings and deeds
10-07-202621 days before the deadline
2025financial year
Gross margin from -€4,453 to €66,812Loss of €137,920Permanent representative: Marnix Galle 29-07Merger: BOITEUX RESIDENTIAL takes over PRINCE ROYAL CONSTRUCT 05-02Equity from -€75,928 to -€213,848
Key points
from the 2025 annual accountsLosses
-€438,848 in 14 years
Every financial year from 2012 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€1.4m 118% of the balance sheet
After one year 100%Within one year 0%
Of this, €5,063 falls due within a year.
At the same address
104 companies
Restructuring
4
4 restructurings since 2024. Latest: merger with LAKE FRONT NV.
Position in the sector
-17.7%
Lower solvency than 92% of companies in real estate. Sector median 38.2% · 5,812 companies.
Checked score
54
Fair
Financially stronger than 22% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025lowest value
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€213,848
Loss of €137,920, the second in a row (financial year 2025)
Founded in 2011
lowers risk
Size: total assets €1.2m
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, micro). It does better than 11% of them on solvency, 63% on liquidity, 12% on profitability and 3% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 598 companies had the same profile as BOITEUX RESIDENTIAL has now. Each dot stands for 2 companies, two years later.
83.1%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BOITEUX RESIDENTIAL itself is lower: 0.6% within 12 months. It rests on far more data about BOITEUX RESIDENTIAL than the profile alone.
Test of the method
The method was tested on the 497,448 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 598 companies, not a prediction for BOITEUX RESIDENTIAL. 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
No credit on open account
Short-term debt is 0.4% and cash 2.8% of total assets. Equity is negative.
Credit check for an amount and term of your choice
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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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€213,848
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
35 days early
2023
41 days early
2022
41 days early
2021
8 days late
2020
1 day early
2019
66 days late
← 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 9 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 26 June (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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Merger: BOITEUX RESIDENTIAL takes over LAKE FRONT
Reappointment: KB Financial Services (director) · Permanent representatives: BREDA Karel, Frederic Poesen and Jonas Nachtergaele · General meeting of 31-07-2026 · Gazette deed
Merger proposal: BOITEUX RESIDENTIAL NV takes over LAKE FRONT NV
The company holds all the shares of LAKE FRONT NV · IMMOBEL NV holds 1,800 shares · The company holds 500 shares of LAKE FRONT NV · Board meeting of 15-06-2026 · Gazette deed
Permanent representative: Marnix Galle
Reappointment: A3 Management BV (director) · General meeting of 17-06-2025 · Gazette deed
Merger: BOITEUX RESIDENTIAL takes over PRINCE ROYAL CONSTRUCT
General meeting of 31-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BOITEUX RESIDENTIAL Brussels | €1.2m | €66,812 | -17.7% | 0 |
| UNI-CASA LIVING Kortrijk | €1.2m | €54,459 | 8.7% | 0 |
| BEWO-PROJECTS Aalter | €1.2m | €37,436 | 41.0% | 0 |
| W.G. VASTGOED Beveren | €1.8m | €52,205 | 13.1% | 0 |
| Webo Projects Herentals | €1.3m | €66,613 | 38.8% | 0 |
| LEVANTO Puurs-Sint-Amands | €1.0m | €101,492 | 7.5% | 0 |
| EMG & co Maasmechelen | €1.3m | €63,798 | 23.5% | 0 |
These companies have the same main activity as BOITEUX RESIDENTIAL: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €998,000 and €1.8m, founded between 2006 and 2015.
Official details
Source: KBO- Status
- Active since 12-07-2011Normal situation
- Registered office
- 105 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.246.239.2921000 Brussels, since 07-07-2011
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €180,000estimated
- €1.2m▼ 3.0%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Companies linked to BOITEUX RESIDENTIAL
Parent and group
Insights on BOITEUX RESIDENTIAL
BOITEUX RESIDENTIAL has existed since 2011. Turnover fell from €2.3m in 2014 to €39,328 in 2015.
Solvency fell in 2025 from -6.1% to -17.7% because of the loss and higher long-term debts.
IMMOBEL holds all the shares.
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 BOITEUX RESIDENTIAL
- What is the company number of BOITEUX RESIDENTIAL?
- The company number of BOITEUX RESIDENTIAL is 0837.797.314. The VAT number is the same number with BE in front: BE 0837.797.314.
- Where is BOITEUX RESIDENTIAL based?
- The registered office is at Anspachlaan 1, 1000 Brussels.Company details
- What does BOITEUX RESIDENTIAL do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of BOITEUX RESIDENTIAL?
- BOITEUX RESIDENTIAL is a public limited company (NV).
- When was BOITEUX RESIDENTIAL founded?
- BOITEUX RESIDENTIAL was founded on 12-07-2011.
- Is BOITEUX RESIDENTIAL still active?
- Yes, BOITEUX RESIDENTIAL is an active enterprise in the KBO register.
- What is the turnover of BOITEUX RESIDENTIAL?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €66,812 and 48 comparable companies (NACE 681). It probably lies between €90,000 and €410,000. In financial year 2020 turnover was €13,083.Financials
- Is BOITEUX RESIDENTIAL profitable?
- In financial year 2025, BOITEUX RESIDENTIAL made a loss of €137,920.
- Where can I find the annual accounts of BOITEUX RESIDENTIAL?
- BOITEUX RESIDENTIAL filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BOITEUX RESIDENTIAL due?
- BOITEUX RESIDENTIAL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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