Losses
-€167,630 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Chapter George Properties
Lifetime
3 annual accounts with figures on one time axisGross marginpeak €54,286 (2024)
€37,208▼ 31.5%
Resultlowest -€67,351 (2025)
-€67,351▼ €10,860
Equitypeak €456,212 (2023)
€332,370▼ 16.8%
Debts
€2.6m▲ 0.3%
Board4 names since 2022
3 directorsD.S.R.T. and 2 others
Owners
100%Chapter George
Documentsfilings and deeds
02-06-202659 days before the deadline
2025abbreviated format
Gross margin from €54,286 to €37,208Loss of €67,351Permanent representatives: Rita Tanghe and Stadsbader Désiré 22-07Equity from €399,721 to €332,370Cash from €30,775 to €2,927
Key points
from the 2025 annual accountsDebts
€2.6m 89% of the balance sheet
Financial debts 69%Suppliers 0%Other 31%
€1.8m of the debts are secured on the company's own assets. In 2023 that was €1.4m.
Position in the sector
-€67,351
Lower net result than 86% of companies in real estate. Sector median €9,997 · 11,279 companies.
Checked score
68
Healthy
Financially stronger than 19% of small companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,996 companies (NACE 68, small).
About 6 in 1,000 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: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.2 percentage points vs 05-2025highest value
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.2%▼ -0.5 percentage points vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%▲ +0.2 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 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.14, cash €2,927, halved
No registered site in the KBO
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €2.9m
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 30% of them on solvency, 5% on liquidity, 25% on profitability and 18% on growth.
The bankruptcy probability was computed on 05-11-2026 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, 440 companies had the same profile as Chapter George Properties has now. Each dot is one company, two years later.
95.5%
were still trading
3.0%
stopped another way
1.6%
went bankrupt
That fits the bankruptcy probability of Chapter George Properties itself: 0.6% 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 440 companies, not a prediction for Chapter George Properties. 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 €22,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.14 (1.17 in 2024), below the usual 1.5. Short-term debt is 87.4% and cash 0.1% of total assets. 88.7% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€67,351
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 02-06-2026, 59 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
59 days early
2024
9 days early
2023
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 28 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 16 July (3 of the last 3 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VB
VRC BEDRIJFSREVISOREN
Auditor, Bart ROOBROUCK
- Chapter George 100%score 82equity €14.6m (2025) · 2025 annual accounts of Chapter George
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0793149697
Capital increase · Amendment of the articles
Capital from €500,000 to €1,270,000, 770 new shares · Capital from €1,270,000 to €2,000,000, 730 new shares · Contribution: Chapter George (€770,000) · General meeting of 24-06-2026 · Gazette deed
Permanent representatives: Rita Tanghe and Stadsbader Désiré
Board meeting of 14-11-2023 · Gazette deed
1 statutory auditor appointed
VRC BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: Stephanie Valcke and Stefanie Vanden Broucke · General meeting of 16-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Chapter George Properties Harelbeke | €2.9m | €37,208 | 11.3% | - |
| De Veste Ghent | €3.4m | €46,524 | 64.5% | - |
| South Invest Kontich | €2.3m | €28,444 | 41.0% | - |
| 180 INVEST Merchtem | €3.0m | €56,192 | 1.4% | - |
| BE TINE De Haan | €1.8m | €18,553 | 7.7% | - |
| StarMobil Ostend | €1.6m | €66,728 | 15.8% | - |
| PAOLINVEST Wezembeek-Oppem | €1.9m | €47,009 | 21.1% | - |
These companies have the same main activity as Chapter George Properties: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1.6m and €3.4m, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 29-10-2022Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Real estate agency activitiesNACE 68310
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- Turnover
- ≈ €83,000estimated
- Total assets
- €2.9m▼ 2.0%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on Chapter George Properties
Chapter George Properties files the abbreviated format. That format states no turnover. The gross margin rose from -€9,962 in 2023 to €37,208 in 2025.
Chapter George 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 Chapter George Properties
- What is the company number of Chapter George Properties?
- The company number of Chapter George Properties is 0793.149.697. The VAT number is the same number with BE in front: BE 0793.149.697.
- Where is Chapter George Properties based?
- The registered office is at Harpstraat 5/1, 8530 Harelbeke.Company details
- What does Chapter George Properties do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of Chapter George Properties?
- Chapter George Properties is a public limited company (NV).
- When was Chapter George Properties founded?
- Chapter George Properties was founded on 29-10-2022.
- Is Chapter George Properties still active?
- Yes, Chapter George Properties is an active enterprise in the KBO register.
- What is the turnover of Chapter George Properties?
- The turnover in financial year 2025 is ≈ €83,000. This figure is estimated from the gross margin of €37,208 and 33 comparable companies (NACE 683). It probably lies between €57,000 and €140,000.Financials
- Is Chapter George Properties profitable?
- In financial year 2025, Chapter George Properties made a loss of €67,351.
- Where can I find the annual accounts of Chapter George Properties?
- Chapter George Properties filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Chapter George Properties due?
- Chapter George Properties must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.Indel Invest · 22 companies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.