Losses
-€43,158 in six years
Every financial year from 2020 to 2025 closed with a loss. 2022 was the heaviest.
Civitas Projects
Lifetime
6 annual accounts with figures on one time axisGross marginpeak -€2,195 (2020)
-€6,034▲ €1,121
Resultlowest -€14,001 (2022)
-€3,909▲ €3,989
Equitypeak €496,806 (2020)
€456,842▼ 0.8%
Debts
€528▲ 319%
Board4 names since 2019
4 directorsBOUW GEORGES TANGHE and 3 others
Owners5 names in the annual accounts
50%CONDIUS and 3 others
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Gross margin from -€7,156 to -€6,034Loss of €3,909Debts from €126 to €528
Key points
from the 2025 annual accountsAt the same address
15 companies
Position in the sector
99.9%
Higher solvency than 95% of companies in real estate. Sector median 38.2% · 5,803 companies.
Checked score
95
Excellent
Financially stronger than 58% of micro 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: 0.2% across 26,627 companies (NACE 68, micro).
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: 0.1%● unchanged vs 06-2025highest value
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 10-2025
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%● unchanged 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: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2019
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €457,370
Equity €456,842 (99.9% of total assets)
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 91% of them on solvency, 67% on liquidity, 31% on profitability and 42% 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 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, 929 companies had the same profile as Civitas Projects has now. Each dot stands for 3 companies, two years later.
92.8%
were still trading
5.5%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of Civitas Projects itself is lower: 0.1% within 12 months. It rests on far more data about Civitas Projects than the profile alone.
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 929 companies, not a prediction for Civitas Projects. 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 €40,000 on 30-day terms is acceptable
Short-term debt is 0.1% and cash 5.1% of total assets. 0.1% 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
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 14-07-2026, 17 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
17 days early
2024
21 days early
2023
29 days early
2022
19 days early
2021
22 days late
2020
19 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 14 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 12 July (4 of the last 5 accounts filed within 30 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
BG
BOUW GEORGES TANGHE
Director, Valcke, Stephanie Maria Paula Gilberte Erica, since 22-05-2024
DS
D.S.R.T.
Director, Tanghe, Rita Mireille, since 22-05-2024
WP
WEYNE PROPERTIES
Director, Weyne, Gino Sidon, since 22-05-2024
- CONDIUS 50%score 94equity €15.3m (2026) · 31-03-2026 annual accounts of CONDIUS
- D.S.R.T. 30%score 89equity €43.4m (2025) · 2025 annual accounts of D.S.R.T.
- Bouw Georges Tanghe 10%score 95equity €6.9m (2025) · 2025 annual accounts of Bouw Georges Tanghe
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0724682842
4 directors reappointed
Permanent representatives: Tanghe, Rita Mireille; Valcke, Stephanie Maria Paula Gilberte Erica and Weyne, Gino Sidon · D.S.R.T.; BOUW GEORGES TANGHE; WEYNE PROPERTIES and Weyne, Justin Lucien Robert · General meeting of 22-05-2024 · Gazette deed
Environmental permit refused
Bouwen of herbouwen · Nieuwpoort
Environmental permit refused
Bouwen of herbouwen · Provincie West-Vlaanderen
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Civitas Projects Nieuwpoort | €457,370 | -€6,034 | 99.9% | - |
| DURMON Temse | €474,929 | -€39,870 | 35.7% | - |
| Jean et Pierre IMMO Herve | €484,540 | -€10,876 | 19.0% | - |
| HOMEWEB.BE Zottegem | €499,174 | -€19,490 | 44.6% | - |
| NOO Jurbise | €453,004 | -€1,217 | 97.6% | - |
| DW+ Houthalen-Helchteren | €412,005 | -€6,176 | 55.6% | - |
| ECO-CASA Ghent | €413,853 | -€30,808 | -172.0% | - |
These companies have the same main activity as Civitas Projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €412,000 and €499,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 09-04-2019Normal situation
- Registered office
- 16 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.288.272.2638620 Nieuwpoort, since 09-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- Total assets
- €457,370▼ 0.8%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Companies linked to Civitas Projects
Shareholders
Insights on Civitas Projects
Civitas Projects has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €456,842 and a net result of -€3,909.
Equity has been stable since 2020 (±1.7% per year). Its solvency ranks better than 95% of 5,803 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is 0.1% (very low).
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 Civitas Projects
- What is the company number of Civitas Projects?
- The company number of Civitas Projects is 0724.682.842. The VAT number is the same number with BE in front: BE 0724.682.842.
- Where is Civitas Projects based?
- The registered office is at Franslaan 59, 8620 Nieuwpoort.Company details
- What does Civitas Projects do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Civitas Projects?
- Civitas Projects is a public limited company (NV).
- When was Civitas Projects founded?
- Civitas Projects was founded on 09-04-2019.
- Is Civitas Projects still active?
- Yes, Civitas Projects is an active enterprise in the KBO register.
- What is the turnover of Civitas Projects?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is Civitas Projects profitable?
- In financial year 2025, Civitas Projects made a loss of €3,909.
- Where can I find the annual accounts of Civitas Projects?
- Civitas Projects filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Civitas Projects due?
- Civitas Projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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