Subsidiaries and holdings
- NANO S42%
- Märch Shortstay33.33%
BZA REAL ESTATE
ActiveSummary
BZA REAL ESTATE has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€6,689. Equity has been growing by about 76% per year since 2020. Its solvency ranks better than 69% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Official details
Source: KBO- Status
- Active since 21-06-2019 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 4 others
- Establishment unit
- 2.347.845.111 3001 Leuven, since 21-06-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
Board
- Vandergucht BartDirector · since 21-06-2019
- Holdings
- Shares in 4 companies including Bagio Bouwt and Bagio
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Gross margin
- €54,030
- ▲ 113%
- Turnover
- ≈ €110,000
- estimated
- Loss
- €6,689
- Equity
- €1.3m
- ▼ 0.5%
- Total assets
- €1.8m
- ▲ 29.5%
Score breakdownraises riskLiquidity: current ratio 0.75, cash €4,813, halved1 change of registered office in 24 monthslowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €1.8mShow the evidence
Checked score
Score 2025
80
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 37% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Average
Solvency
98-2
equity 73.1% of total assets
Liquidity
40-11
short-term debt 26.9% · cash 0.3%
Profitability
41-30
return on assets -0.4%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 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 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
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: 0.3%▲ +0.2 percentage points vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.6%● unchanged vs 08-2026highest value
10-2026: 0.6%● unchanged vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (8.79 in 2024), below 1. Short-term debt is 26.9% and cash 0.3% of total assets. 26.9% of the assets are financed with debt and provisions.
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 70, micro). It does better than 69% of them on solvency, 20% on liquidity, 20% on profitability and 38% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises 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 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 days early
2024
24 days early
2023
29 days early
2022
on the day
2021
40 days early
2020
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 17 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 7 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
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Recent changes
- · Gazette deed Registered office moved from Merchtem to HeverleeNew seat: Sint-Lambertusstraat 24, 3001 Heverlee · Previous seat: Linthoutstraat 43, 1785 Merchtem
- · Gazette deed Incorporation
Companies linked to BZA REAL ESTATE
Comparable companies
These companies have the same main activity as BZA REAL ESTATE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.6m and €2m, founded between 2018 and 2020.
| Company | Total assets | Gross margin |
|---|---|---|
| BZA REAL ESTATE Leuven | €1.8m | €0.05m |
| MALEOL Wemmel | €2.0m | €0.06m |
| MADIX Overijse | €1.8m | €0.06m |
| Ayrton Beys Holding Kampenhout | €1.7m | €0.07m |
| BOKA CORPORATION Ukkel | €1.6m | €0.05m |
| ARDEMA Izegem | €1.6m | €0.05m |
| Malanco Wevelgem | €2.0m | €0.06m |
Key facts about BZA REAL ESTATE
- What is the company number of BZA REAL ESTATE?
- The company number of BZA REAL ESTATE is 0728.746.152. The VAT number is the same number with BE in front: BE 0728.746.152.
- Where is BZA REAL ESTATE based?
- The registered office is at Sint-Lambertusstraat 24, 3001 Leuven.Company details
- What does BZA REAL ESTATE do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BZA REAL ESTATE?
- The legal form of BZA REAL ESTATE is Private limited company (BV).
- When was BZA REAL ESTATE founded?
- BZA REAL ESTATE was founded on 21-06-2019.
- Is BZA REAL ESTATE still active?
- Yes, BZA REAL ESTATE is an active enterprise in the KBO register.
- What is the turnover of BZA REAL ESTATE?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €54,030 and 119 comparable companies (NACE 70200). It probably lies between €83,000 and €140,000.Financials
- Is BZA REAL ESTATE profitable?
- In financial year 2025, BZA REAL ESTATE made a loss of €6,689.
- Where can I find the annual accounts of BZA REAL ESTATE?
- BZA REAL ESTATE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BZA REAL ESTATE due?
- BZA REAL ESTATE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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