Equity
-€1.2m
Debts exceed assets in financial year 2025.
Gent Bellevue by C
Lifetime
17 annual accounts with figures on one time axispeak €16.5m (2014)
-not published
lowest -€278,614 (2016)
-€80,377▲ €184,188
peak €62,476 (2014)
-€1.2m▼ €80,377
€1.2m▲ 7.2%
peak 0 FTE (2023)
-not published
Board7 names since 2018
2 directorsBERT WEEMAES and 1 other
Owners4 names in the annual accounts
70%CORDEEL GROUP and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025financial year
Gross margin from €20,103 to -€12,063Loss of €80,377Reappointment: VCLJ Bedrijfsrevisoren (statutory auditor) 03-03
Key points
from the 2025 annual accountsResult
-€80,377 ▲ 69.6%
The result rose in 2025: different schema filed.
Debts
€1.2m 1,991% of the balance sheet
Filings
17 annual accounts since 2009
Two of the last ten came late. The 2019 accounts came latest: 41 days after the end of the period.
At the same address
29 companies
Position in the sector
-1891.3%
Lower solvency than 95% of companies in real estate. Sector median 38.2% · 5,810 companies.
Checked score
53
Fair
Financially stronger than 11% 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
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025lowest value
07-2025: 1.2%▲ +0.8 percentage points vs 06-2025
08-2025: 1.3%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 1.3%● unchanged vs 08-2025highest value
10-2025: 1.3%● unchanged vs 09-2025highest value
11-2025: 1.3%● unchanged vs 10-2025highest value
12-2025: 1.3%● unchanged vs 11-2025highest value
01-2026: 1.2%▼ -0.1 percentage points vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.1%▼ -0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €80,377, the second in a row (financial year 2025)
Negative equity -€1.2m
lowers risk
Size: total assets €61,907
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, micro). It does better than 5% of them on solvency, 6% on liquidity, 4% on profitability and 31% 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 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, 6,907 companies had the same profile as Gent Bellevue by C has now. Each dot stands for 18 companies, two years later.
85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Gent Bellevue by C itself: 1.2% 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 6,907 companies, not a prediction for Gent Bellevue by C. 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
Liquidity is insufficient, with a current ratio of 0.05 (0.05 in 2024), below 1. Cash is 2% of total assets. Equity is negative.
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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 -€1.2m
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
38 days early
2023
22 days early
2022
3 days early
2021
4 days late
2020
22 days early
2019
41 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 11 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 10 July (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CORDEEL GROUP 70%equity €123.3m (2025) · 2025 annual accounts of CORDEEL GROUP
- Cordeel Zetel Temse NVequity €39.4m (2025) · annual accounts 2023
Recent changes
Reappointment: VCLJ Bedrijfsrevisoren (statutory auditor)
Permanent representative: Frank Huybrechts · General meeting of 06-12-2024 · Gazette deed
2 directors appointed, 2 resignations
Resignations: Benoit MESSIAEN and DHK Projects BV · Permanent representatives: Kevin DE HAINAUT, Bert WEEMAES and Laurence GACOIN · Appointments: BERT WEEMAES, BV and Nova LaGa BV · General meeting of 30-06-2023 · Gazette deed
Amendment of the articles · Resignations & appointments
General meeting of 15-11-2023 · Gazette deed
2 directors appointed, 2 resignations, 1 statutory auditor reappointed
Resignations: Cordeel Filip and Cordeel Dirk · Appointments: DHK Projects and Messiaen Benoit · Permanent representative: De Hainaut Kevin · General meeting of 27-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Gent Bellevue by C Temse | €61,907 | -€12,063 | -1891.3% | - |
| MELVA PRODUCTIONS Forest | €56,842 | -€21,386 | 8.7% | - |
| Verlouw Vastgoed Ravels | €70,356 | -€4,526 | -2.2% | 0 |
| IMMOVATIE Deinze | €93,429 | -€12,134 | 44.5% | - |
| THI-MAR PROJECTS Deinze | €82,002 | -€412 | -89.9% | - |
| DOMUS DEVELOPMENT Sint-Truiden | €42,828 | -€4,001 | -366.6% | - |
| HS Immo Antwerp | €41,503 | -€41,405 | -384.6% | - |
These companies have the same main activity as Gent Bellevue by C: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €41,500 and €93,400, founded between 2006 and 2012.
Official details
Source: KBO- Status
- Active since 01-12-2008Normal situation
- Registered office
- 30 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Development of non-residential building projectsNACE 68122and 1 other
- Establishment unit
- 2.175.373.6669000 Ghent, since 14-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €61,907▲ 4.7%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Companies linked to Gent Bellevue by C
Parent and group
Insights on Gent Bellevue by C
Gent Bellevue by C has existed since 2008. Turnover fell from €16.5m in 2014 to €828,792 in 2015.
Solvency fell in 2025 from -1844.3% to -1891.3% because of the loss.
CORDEEL GROUP holds 70% of 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 Gent Bellevue by C
- What is the company number of Gent Bellevue by C?
- The company number of Gent Bellevue by C is 0808.093.340. The VAT number is the same number with BE in front: BE 0808.093.340.
- Where is Gent Bellevue by C based?
- The registered office is at Frank Van Dyckelaan 15, 9140 Temse.Company details
- What does Gent Bellevue by C do?
- According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
- What is the legal form of Gent Bellevue by C?
- Gent Bellevue by C is a public limited company (NV).
- When was Gent Bellevue by C founded?
- Gent Bellevue by C was founded on 01-12-2008.
- Is Gent Bellevue by C still active?
- Yes, Gent Bellevue by C is an active enterprise in the KBO register.
- What is the turnover of Gent Bellevue by C?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is Gent Bellevue by C profitable?
- In financial year 2025, Gent Bellevue by C made a loss of €80,377.
- Where can I find the annual accounts of Gent Bellevue by C?
- Gent Bellevue by C filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Gent Bellevue by C due?
- Gent Bellevue by C must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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