Equity
Equity fell by 41% in 16 years.
In July 2024, 12,322 companies had the same profile as CHEOPS has now. Each dot stands for 31 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 12,322 companies, not a prediction for CHEOPS. 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.
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.
| Company | ||||
|---|---|---|---|---|
| CHEOPS Oosterzele | €378,040 | €4,172 | 65.6% | - |
| TONNY CAMPE Deinze | €395,607 | €4,431 | 19.1% | 0 |
| IMMO DEM Schaerbeek | €403,062 | €3,988 | -7.6% | - |
| DEN DRIES Aalter | €359,459 | €5,412 | 98.6% | - |
| IMMO HELOMA Brakel | €379,211 | €2,973 | 99.4% | - |
| DE DOBBELEER SPARE PARTS Ronse | €562,314 | €3,355 | -3.4% | - |
| PROMO - HOME Grâce-Hollogne | €443,365 | €3,255 | 40.4% | - |
These companies have the same main activity as CHEOPS: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €359,000 and €562,000, founded between 1988 and 1995.
CHEOPS files the micro format. That format states no turnover. The gross margin fell from €70,870 in 2007 to €4,172 in 2025.
The balance sheet grew most in 2012 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €11,000. Estimated: probably between €7,400 and €18,000.
Higher than 75% of 19,803 companies in 2025.
Higher than 12% of 18,977 companies in 2025.
Higher than 24% of 19,446 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
378,040 | 389,203 | 405,570 | 376,364 | 369,379 | 368,414 | 374,104 | 365,155 | 394,596 | 367,593 | 367,971 | 363,999 | 435,844 | 994,030 | 457,820 | 514,193 | 1.3m | 1.4m | 1.0m | |
21/28 |
368,874 | 380,321 | 403,558 | 368,043 | 365,019 | 366,162 | 361,724 | 361,724 | 361,724 | 361,724 | 361,886 | 362,047 | 362,208 | 977,665 | 427,304 | 428,567 | 1.2m | 1.3m | 1.0m | |
22/27 |
366,220 | 377,668 | 400,904 | 365,390 | 362,365 | 363,508 | 359,070 | 359,070 | 359,070 | 359,070 | 359,232 | 359,393 | 359,555 | 975,011 | 424,650 | 425,913 | 421,374 | 441,998 | 129,567 | |
22 |
363,323 | 373,914 | 396,151 | 359,070 | 359,070 | 359,070 | 359,070 | 359,070 | 359,070 | 359,070 | 359,070 | 359,070 | 359,070 | 959,070 | 409,502 | 420,109 | 405,717 | 416,324 | 92,861 | |
23 |
2,897 | 3,321 | 3,744 | 4,168 | - | - | - | - | - | - | - | - | - | 636 | 742 | 3,531 | 13,418 | 23,114 | 33,765 | |
24 |
- | 433 | 1,008 | 2,151 | 3,294 | 4,437 | - | - | - | - | 161 | 323 | 484 | 15,305 | 14,406 | 2,273 | 2,239 | 2,559 | 2,941 | |
28 |
2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 2,654 | 817,608 | 863,987 | 889,469 | |
29/58 |
9,166 | 8,882 | 2,012 | 8,321 | 4,360 | 2,252 | 12,380 | 3,431 | 32,872 | 5,869 | 6,085 | 1,952 | 73,636 | 16,365 | 30,517 | 85,626 | 79,232 | 69,968 | 13,006 | |
40/41 |
4,483 | 4,000 | - | 3,500 | - | - | - | - | - | - | 461 | 1,952 | 56,350 | 10,860 | 10,860 | - | - | - | - | |
40 |
1,983 | - | - | 3,500 | - | - | - | - | - | - | - | - | 10,860 | 10,860 | 10,860 | - | - | - | - | |
41 |
2,500 | 4,000 | - | - | - | - | - | - | - | - | 461 | 1,952 | 45,491 | - | - | - | - | - | - | |
54/58 |
4,683 | 4,882 | 762 | 3,571 | 4,360 | 2,252 | 2,380 | 3,431 | 32,872 | 5,869 | 5,624 | - | 17,286 | 5,505 | 10,981 | 76,950 | 69,957 | 29,968 | 13,006 | |
490/1 |
- | - | 1,250 | 1,250 | - | - | 10,000 | - | - | - | - | - | - | - | 8,676 | 8,676 | 9,275 | 40,000 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
378,040 | 389,203 | 405,570 | 376,364 | 369,379 | 368,414 | 374,104 | 365,155 | 394,596 | 367,593 | 367,971 | 363,999 | 435,844 | 994,030 | 457,820 | 514,193 | 1.3m | 1.4m | 1.0m | |
10/15 |
248,165 | 257,652 | 282,154 | 257,369 | 256,136 | 253,822 | 246,605 | 238,846 | 233,001 | 195,813 | 191,305 | 197,852 | 212,412 | 371,277 | -189,008 | -190,935 | 421,920 | 415,126 | 398,184 | |
10/11 |
213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | |
10 |
213,188 | 213,188 | 213,188 | 213,188 | 213,188 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | 213,188 | |
12 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 602,590 | - | - | - | - | - | |
13 |
21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | |
130/1 |
21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | 21,319 | |
14 |
13,658 | 23,145 | 47,646 | 22,862 | 21,628 | 19,315 | 12,098 | 4,339 | -1,506 | -38,695 | -43,202 | -36,656 | -22,095 | -465,820 | -423,515 | -425,443 | 187,413 | 180,619 | 163,677 | |
17/49 |
129,875 | 131,551 | 123,416 | 118,995 | 113,243 | 114,592 | 127,499 | 126,309 | 161,595 | 171,780 | 176,666 | 166,147 | 223,432 | 622,753 | 646,829 | 705,129 | 896,294 | 960,826 | 633,858 | |
17 |
44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 34,500 | 75,039 | 82,529 | 127,257 | 164,940 | 355,851 | 394,677 | 588,771 | 811,517 | 854,593 | 499,967 | |
170/4 |
44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 44,500 | 34,500 | 75,039 | 82,529 | 127,257 | 164,940 | 355,851 | 394,677 | 588,771 | 811,517 | 854,593 | 499,967 | |
42/48 |
84,912 | 86,664 | 78,531 | 74,148 | 68,396 | 70,092 | 82,999 | 81,809 | 127,095 | 96,741 | 94,137 | 38,890 | 56,992 | 245,634 | 243,311 | 106,075 | 65,495 | 86,951 | 77,296 | |
42 |
- | - | - | - | - | - | - | - | 40,539 | 41,990 | 39,763 | 37,683 | 40,911 | 43,377 | 50,178 | 51,456 | 47,510 | 71,163 | 65,653 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 184 | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 184 | - | - | - | - | - | - | |
44 |
- | - | 1,151 | 4,265 | - | - | - | - | 22 | 177 | 365 | 1,207 | 12,223 | 12,165 | 14,068 | 10,093 | 1,593 | 1,398 | 934 | |
440/4 |
- | - | 1,151 | 4,265 | - | - | - | - | 22 | 177 | 365 | 1,207 | 12,223 | 12,165 | 14,068 | 10,093 | 1,593 | 1,398 | 934 | |
45 |
- | - | 5,585 | 527 | 855 | 2,058 | 3,465 | 2,275 | 7,000 | - | - | - | 3,405 | 3,831 | 2,376 | 1,034 | - | - | 1,921 | |
450/3 |
- | - | 5,585 | 527 | 855 | 2,058 | 3,465 | 2,275 | 7,000 | - | - | - | 3,405 | 3,831 | 2,376 | 1,034 | - | - | 1,921 | |
47/48 |
84,912 | 86,664 | 71,796 | 69,356 | 67,541 | 68,034 | 79,534 | 79,534 | 79,534 | 54,574 | 54,009 | - | 270 | 186,262 | 176,688 | 43,493 | 16,392 | 14,390 | 8,787 | |
492/3 |
464 | 387 | 384 | 348 | 348 | - | - | - | - | - | - | - | 1,500 | 21,268 | 8,841 | 10,283 | 19,283 | 19,283 | 56,595 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | 647,407 | - | - | - | - | - | - | |
9900 |
4,172 | -9,810 | 39,524 | 3,199 | 4,490 | 10,067 | 11,463 | 9,648 | 47,939 | 10,616 | 1,897 | -3,688 | 18,564 | 57,842 | 55,607 | 68,332 | 75,137 | 99,652 | 70,870 | |
630 |
11,447 | 10,336 | 5,339 | 1,210 | 1,143 | 277 | - | - | - | 161 | 161 | 161 | 161 | 57,236 | 16,503 | 23,625 | 21,684 | 66,404 | 21,970 | |
640/8 |
2,154 | 570 | 225 | 192 | 149 | 248 | 205 | 202 | 199 | 196 | 196 | 195 | 1,624 | 1,965 | 1,863 | 2,305 | 1,613 | 1,582 | 1,571 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 132 | - | - | - | 615,055 | - | 12,983 | 13,310 | |
9901 |
-9,429 | -20,717 | 33,960 | 1,797 | 3,198 | 9,541 | 11,258 | 9,446 | 47,740 | 10,258 | 1,540 | -4,044 | 16,778 | -1,359 | 37,241 | 42,401 | 51,840 | 31,665 | 47,329 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | 1 | 8 | 591 | 11 | 90 | 165 | 29,109 | 32,400 | 23,948 | |
75 |
- | - | - | - | - | - | - | - | - | - | 1 | 8 | 591 | 11 | 90 | 165 | 29,109 | 32,400 | 23,948 | |
65/66B |
59 | 3,925 | 90 | 37 | 30 | 34 | 33 | 1,219 | 3,552 | 5,751 | 8,087 | 10,391 | 17,644 | 37,125 | 33,014 | 39,308 | 74,155 | 34,138 | 35,931 | |
65 |
59 | 89 | 90 | 37 | 30 | 34 | 33 | 1,219 | 3,552 | 5,751 | 8,087 | 10,391 | 17,644 | 37,125 | 33,014 | 39,308 | 74,155 | 34,138 | 35,931 | |
66B |
- | 3,836 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-9,487 | -24,641 | 33,870 | 1,760 | 3,168 | 9,508 | 11,225 | 8,227 | 44,189 | 4,508 | -6,546 | -14,559 | 647,132 | -38,472 | 4,317 | -611,797 | 6,795 | 16,944 | 22,036 | |
67/77 |
- | -140 | 9,085 | 527 | 854 | 2,291 | 3,466 | 2,382 | 7,000 | - | 0 | 2 | 203,407 | 3,832 | 2,390 | 1,058 | 1 | 2 | 4,391 | |
9904 |
-9,487 | -24,501 | 24,785 | 1,233 | 2,314 | 7,217 | 7,759 | 5,845 | 37,189 | 4,508 | -6,546 | -14,561 | 443,725 | -42,305 | 1,927 | -612,855 | 6,794 | 16,942 | 17,645 | |
9905 |
-9,487 | -24,501 | 24,785 | 1,233 | 2,314 | 7,217 | 7,759 | 5,845 | 37,189 | 4,508 | -6,546 | -14,561 | 443,725 | -42,305 | 1,927 | -612,855 | 6,794 | 16,942 | 17,645 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
13,658 | 23,145 | 47,646 | 22,862 | 21,628 | 19,315 | 12,098 | 4,339 | -1,506 | -38,695 | -43,202 | -36,656 | -22,095 | -465,820 | -423,515 | -425,443 | 187,413 | 180,619 | 163,677 | |
14P |
23,145 | 47,646 | 22,862 | 21,628 | 19,315 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 14 older financial years (1992-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088438 | |
| 30-09-2024 | micro format | 24-04-2025 | 2025-00074178 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00076631 | |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00072064 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20018037 | |
| 30-09-2020 | micro format | 24-04-2021 | 2021-11200525 | |
| 30-09-2019 | micro format | 13-05-2020 | 2020-12100121 | |
| 30-09-2018 | micro format | 29-03-2019 | 2019-08700019 | |
| 30-09-2017 | micro format | 03-04-2018 | 2018-08700476 | |
| 30-09-2016 | abbreviated format | 14-03-2017 | 2017-06300521 | |
| 30-09-2015 | abbreviated format | 29-03-2016 | 2016-08100446 | |
| 30-09-2014 | abbreviated format | 23-03-2015 | 2015-06900531 | |
| 30-09-2013 | abbreviated format | 27-02-2014 | 2014-04900157 | |
| 30-09-2012 | abbreviated format | 26-04-2013 | 2013-09800021 | |
| 30-09-2011 | abbreviated format | 19-03-2012 | 2012-06300069 | |
| 30-09-2010 | abbreviated format | 18-04-2011 | 2011-08500304 | |
| 30-09-2009 | abbreviated format | 19-03-2010 | 2010-06900076 | |
| 30-09-2008 | abbreviated format | 30-03-2009 | 2009-09100397 | |
| 30-09-2007 | abbreviated format | 19-03-2008 | 2008-07300036 | |
| 30-09-2006 | abbreviated format | 20-03-2007 | 2007-07801007 | |
| 30-09-2005 | abbreviated format | 16-03-2006 | 2006-07104783 | |
| 30-09-2004 | abbreviated format | 21-03-2005 | 2005-08204866 | |
| 30-09-2003 | abbreviated format | 31-03-2004 | 2004-09605193 | |
| 30-09-2002 | abbreviated format | 27-03-2003 | 2003-08805069 | |
| 30-09-2001 | abbreviated format | 17-05-2002 | 2002-13100678 | |
| 30-09-2000 | abbreviated format | 03-04-2001 | 2001-08704796 | |
| 30-09-1999 | abbreviated format | 30-03-2000 | 2000-08102824 | |
| 31-12-1997 | abbreviated format | 07-09-1998 | 1998-45304820 | |
| 31-12-1996 | abbreviated format | 02-09-1997 | 1997-41400264 | |
| 31-12-1995 | abbreviated format | 06-08-1996 | 1996-39403086 | |
| 31-12-1994 | abbreviated format | 26-06-1995 | 1995-29204793 | |
| 31-12-1993 | abbreviated format | 24-06-1994 | 1994-19603265 | |
| 31-12-1992 | abbreviated format | 19-07-1993 | 1993-27601099 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,018 | -10,380 | 39,299 | 3,007 | 4,341 | 9,819 | - | - | - | 10,420 | 1,701 | -3,883 | 16,940 | 55,877 | 53,744 | 66,026 | 73,524 | 98,070 | 69,299 | ||
| 1,960 | -14,165 | 30,124 | 2,443 | 3,457 | 7,495 | - | - | - | 4,669 | -6,385 | -14,399 | 443,887 | 14,931 | 18,430 | -589,231 | 28,478 | 83,346 | 39,614 | ||
| 0 | 12,100 | 40,853 | 4,235 | 0 | 4,715 | - | - | - | 0 | 0 | 0 | -615,296 | 5,007 | 15,240 | 28,164 | 1,060 | 378,835 | 3,236 | ||
| -199 | 4,120 | -2,809 | -790 | 2,108 | -127 | -1,051 | -29,441 | 27,003 | 244 | - | - | 11,780 | -5,476 | -65,969 | 6,993 | 39,989 | 16,962 | - | ||
| -75,745 | -77,782 | -76,520 | -65,827 | -64,035 | -67,840 | -70,619 | -78,378 | -94,223 | -90,872 | -88,051 | -36,939 | 16,644 | -229,269 | -212,794 | -20,449 | 13,738 | -16,983 | -64,291 | ||
| 65.6% | 66.2% | 69.6% | 68.4% | 69.3% | 68.9% | 65.9% | 65.4% | 59.0% | 53.3% | 52.0% | 54.4% | 48.7% | 37.4% | -41.3% | -37.1% | 32.0% | 30.2% | 38.6% | ||
| 0.11 | 0.10 | 0.03 | 0.11 | 0.06 | 0.03 | 0.15 | 0.04 | 0.26 | 0.06 | 0.06 | 0.05 | 1.29 | 0.07 | 0.13 | 0.81 | 1.21 | 0.80 | 0.17 | ||
| 0.52 | 0.51 | 0.44 | 0.46 | 0.44 | 0.45 | 0.52 | 0.53 | 0.69 | 0.88 | 0.92 | 0.84 | 1.05 | 1.68 | - | - | 2.12 | 2.31 | 1.59 | ||
| -3.8% | -9.5% | 8.8% | 0.5% | 0.9% | 2.8% | 3.1% | 2.4% | 16.0% | 2.3% | -3.4% | -7.4% | 208.9% | -11.4% | - | - | 1.6% | 4.1% | 4.4% | ||
| -2.5% | -6.3% | 6.1% | 0.3% | 0.6% | 2.0% | 2.1% | 1.6% | 9.4% | 1.2% | -1.8% | -4.0% | 101.8% | -4.3% | 0.4% | -119.2% | 0.5% | 1.2% | 1.7% | ||
| 34.50 | -116.92 | over 100 | 81.83 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €12,100 | €40,853 | €4,235 | - |
| €11,447 | €10,336 | €5,339 | €1,210 | €1,143 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €9,429, smaller than the loss of €20,717 in 2024.
Debt's share of the balance-sheet total rises from 33.8% to 34.4%. Equity and debt are lower.
Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.
The network starts from the directors of CHEOPS. Every other company they run is a node.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Wetterse steenweg 19 registered office 9860 Oosterzele | 26-02-1992 | 2.056.399.109 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44023A0339/00G000 | 267 m² | 1 · 157 m² | 8.7 m · 2 |
If something looks wrong or is missing, please tell us.