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BREENDONK VASTGOED

Active Public limited companyfounded 1968active for 57 yearsSteenhuffeldorp 60, 1840 LonderzeelKBO/BCE: BE 0406.075.652 subsidiary of PRIVATRUST#2 oldest company in Londerzeel, Real estate sector

Lifetime

20 annual accounts with figures on one time axis, 49 filings since 1977
peak €849,130 (2023)
€790,829▲ 8.3%
lowest -€543,212 (2015)
€427,915▲ 784%
peak €1.8m (2025)
€1.8m▲ 31.8%
€3.5m▼ 16.9%
peak 0 FTE (2023)
-not published
Board7 names since 2021
6 directorsMartine Hermans and 5 others
Owners2 names in the annual accounts
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Result from €48,391 to €427,9153 directors appointed 04-09Equity from €1.3m to €1.8mDebts from €4.2m to €3.5m

Key points

from the 2025 annual accounts

Result

€427,915 ▲ 784%
€48,4002024€428,0002025

The result rose in 2025: different schema filed.

Turnover

≈ €1.9m estimated

The accounts state no turnover.

Filings

49 annual accounts since 1977
AprilJune31 JulyOctober1980199520102025

Two of the last ten came late. The 2018 accounts came latest: 5 days after the end of the period.

Checked score

96
Excellent
Financially stronger than 69% 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: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: < 0.1%▼ -0.2 percentage points 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%▲ +0.1 percentage points 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: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026highest value 10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

59+10equity 33.7% of total assets
48=short-term debt 17.5% · cash 2.1%
79+16return on assets 8.1%

Score breakdown

raises risk
Liquidity: current ratio 0.26, cash €111,950
lowers risk
Size: total assets €5.3m
Figures for financial year 2025 (filed on 26-06-2026)
Legal form: public limited company
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 54% of them on solvency, 47% on liquidity, 89% on profitability and 86% 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, 20,137 companies had the same profile as BREENDONK VASTGOED has now. Each dot stands for 51 companies, two years later.

95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of BREENDONK VASTGOED 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,137 companies, not a prediction for BREENDONK VASTGOED. 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 €170,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.26 (0.36 in 2024), below 1. Short-term debt is 17.5% and cash 2.1% of total assets. 66.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €5.3m
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 0.26, cash €111,950
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 26-06-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
34 days early
2023
5 days early
2022
54 days early
2021
53 days early
2020
52 days early
2019
2 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 34 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 months
Where today falls in the filing period
07-11-2026 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

Board and ownership

PH
Managing director
P
Managing director, HERMANS Jan Rachel Adolf
MH
Director
DK
Director, Lieven DEVOGHEL, since 30-05-2025
H
Director, Liesbet DEVOGHEL, since 30-05-2025
L
Director, Hildegard DEVOGHEL, since 30-05-2025
Board & ownership

Recent changes

3 directors appointed HERDO, LURADE and DE KLEINEN DRIES · Permanent representatives: Lieven DEVOGHEL, Liesbet DEVOGHEL and Hildegard DEVOGHEL · General meeting of 30-05-2025 · Gazette deed
Changes of role: HERMANS Paul Louis Sophie, PRIVATRUST and HERMANS Martine Christiane Florentine Permanent representative: HERMANS Jan Rachel Adolf · Capital of €873,260.58, 294 shares · General meeting of 23-05-2023 · Gazette deed
1 director resigning, 3 reappointments Resignation: Jan Hermans (managing director) · Reappointments: Hermans Paul (managing director), Hermans Martine and NV Privatrust (managing director) · General meeting of 10-05-2021 · Gazette deed
Permanent representative: Jan HERMANS Gazette deed
All 62 events

Comparable companies

same main activity, similar in size and age
Company
BREENDONK VASTGOED Londerzeel €5.3m €0.8m 33.7% -
SADIMAT Asse €5.2m €0.5m 56.2% 0.8
Immobiliën Gabriels, Goedleven Brasschaat €5.6m €0.8m 64.2% 0.3
AGENCE DEPOORTER Middelkerke €4.6m €0.7m 47.1% 7.2
GERNIC Koksijde €6.3m €0.8m 81.4% 5.9
Hodole Schelle €6.3m €1.0m 91.3% -
IMMO VAN HOYE Stekene €3.3m €1.1m 84.2% 7

These companies have the same main activity as BREENDONK VASTGOED: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €3.3m and €6.3m, founded between 1968 and 1984.

Official details

Source: KBO
Status
Active since 31-12-1968Normal situation
Activity
Real estate agency activitiesNACE 68310and 2 others
Establishment unit
2.104.163.0951840 Londerzeel, since 25-10-2002
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€5.3m▼ 5.1%
Filing
Filed on 26-06-2026, 35 days before the end of the filing period
Financials

Insights on BREENDONK VASTGOED

BREENDONK VASTGOED has existed since 1968. In 2007 the gross margin rose from €50,809 to €165,242.

Solvency rose in 2025 from 24.3% to 33.7% because of the retained profit and lower debts.

PRIVATRUST 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 BREENDONK VASTGOED

What is the company number of BREENDONK VASTGOED?
The company number of BREENDONK VASTGOED is 0406.075.652. The VAT number is the same number with BE in front: BE 0406.075.652.
Where is BREENDONK VASTGOED based?
The registered office is at Steenhuffeldorp 60, 1840 Londerzeel.Company details
What does BREENDONK VASTGOED do?
According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of BREENDONK VASTGOED?
BREENDONK VASTGOED is a public limited company (NV).
When was BREENDONK VASTGOED founded?
BREENDONK VASTGOED was founded on 31-12-1968.
Is BREENDONK VASTGOED still active?
Yes, BREENDONK VASTGOED is an active enterprise in the KBO register.
What is the turnover of BREENDONK VASTGOED?
The turnover in financial year 2025 is ≈ €1.9m. This figure is estimated from the gross margin of €790,829 and 30 comparable companies (NACE 683). It probably lies between €1.4m and €2.5m.Financials
Is BREENDONK VASTGOED profitable?
In financial year 2025, BREENDONK VASTGOED made a profit of €427,915.
Where can I find the annual accounts of BREENDONK VASTGOED?
BREENDONK VASTGOED filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BREENDONK VASTGOED due?
BREENDONK VASTGOED must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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