Losses
-€31,518 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2018 was the heaviest.
BOEVERIE
Lifetime
8 annual accounts with figures on one time axispeak €694,068 (2023)
€452,160▼ 24.6%
lowest -€5,852 (2018)
-€3,655▲ €2,072
peak €494,148 (2018)
€468,482▼ 0.8%
€39.1m▲ 85.0%
Board9 names since 2017
4 directorsBaltisse Real Estate and 3 others
Owners4 names in the annual accounts
50%Baltisse Real Estate and 2 others
Documentsfilings and deeds
10-08-202610 days late
2025financial year
Gross margin from €599,651 to €452,160Loss of €3,655New director 14-11Debts from €21.1m to €39.1mCash from €1.6m to €1.0m
Key points
from the 2025 annual accountsDebts
€39.1m 99% of the balance sheet
Financial debts 19%Suppliers 4%Taxes and wages 1%Other 77%
€2.4m of the debts are secured on the company's own assets. In 2023 that was €1.6m.
Filings
8 annual accounts 5 late
The 2020 accounts came latest: 31 days after the end of the period.
At the same address
126 companies
Board
1 joined · 1 left
Board changed. Latest change 01-07-2026 · 4 in office.
Position in the sector
1.2%
Lower solvency than 85% of companies in real estate. Sector median 38.2% · 5,804 companies.
Checked score
91
Excellent
Financially stronger than 25% of medium-sized 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: 0.1% across 1,721 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.4%▲ +0.1 percentage points vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.4 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
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: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €468,482 (1.2% of total assets)
Liquidity: current ratio 1.16, cash €1.0m
lowers risk
Size: total assets €39.6m
Sector: Real estate activities (NACE 68)
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, medium-sized). It does better than 17% of them on solvency, 7% on liquidity, 40% on profitability and 37% on growth.
The bankruptcy probability was computed on 07-11-2026 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, 102 companies had the same profile as BOEVERIE has now. Each dot is one company, two years later.
97.1%
were still trading
1.0%
stopped another way
2.0%
went bankrupt
The bankruptcy probability of BOEVERIE itself is lower: 0.1% within 12 months. It rests on far more data about BOEVERIE 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 102 companies, not a prediction for BOEVERIE. 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
Liquidity is tight, with a current ratio of 1.16 (1.31 in 2024), below the usual 1.5. Short-term debt is 86.5% and cash 2.6% of total assets. 98.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 5804 sector peers (2025).
NBB · sector comparisonPosition among 5804 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 10 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
10 days late
2024
29 days early
2023
22 days late
2022
31 days late
2021
16 days late
2020
31 days late
2019
16 days early
← 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 9 days after 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 August (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
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Baltisse Real Estate 50%score 94equity €271.8m (2025) · 2025 annual accounts of Baltisse Real Estate
- CLAREBOUT 25%score 55equity €229.2m (2024) · 2024 annual accounts of CLAREBOUT
- HEEM INVEST 25%score 79equity €8.4m (2025) · 30-06-2025 annual accounts of HEEM INVEST
Recent changes
New managing director
ALEXANDER van RAVELS appointed, ASSETS INVEST resigned · Permanent representatives: Alexander van Ravels and Alex De Witte · General meeting of 19-06-2026 · Gazette deed
New director
NV PERUNA appointed, NV CLAREBOUT resigned · Permanent representatives: Jan Clarebout and Eveline Vereecke · Director discharge: NV CLAREBOUT (director (not named in the articles)) · General meeting of 30-09-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0675385462
2 directors appointed, 4 resignations, 4 reappointments
Changes of role: HEEM INVEST (managing director) and ASSETS INVEST (managing director) · Appointments: Jan Clarebout and BALTISSE REAL ESTATE · Permanent representatives: Jan Clarebout, Johan Heemeryck, Marc Janssens and Alex De Witte · General meeting of 28-08-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BOEVERIE Roeselare | €39.6m | €452,160 | 1.2% | - |
| VIB BIO-INCUBATOR Ghent | €36.3m | €536,162 | 12.2% | - |
| STARIUS Waasmunster | €41.6m | €530,059 | 49.0% | 1.3 |
| Debrouckère Development Auderghem | €56.5m | €573,786 | 1.6% | - |
| Evolu Herentals | €38.5m | €939,747 | 13.2% | 1.7 |
| Meir Corner Woluwe-Saint-Lambert | €68.9m | €462,840 | -15.4% | 0 |
| Matexi Oost-Vlaanderen Nazareth-De Pinte | €44.8m | €266,597 | 99.4% | - |
These companies have the same main activity as BOEVERIE: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €36m and €69m, founded between 2013 and 2019.
Official details
Source: KBO- Status
- Active since 03-05-2017Normal situation
- Registered office
- 129 active companies are registered at this address15 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.266.912.5668800 Roeselare, since 03-05-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 13-08-2025
Companies linked to BOEVERIE
Shareholders
- PERUNA25%
Insights on BOEVERIE
BOEVERIE has existed since 2017. In 2023 the gross margin rose from €25,012 to €694,068.
In September 2026, the Official Gazette published the appointment of ALEXANDER van RAVELS as managing director.
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 BOEVERIE
- What is the company number of BOEVERIE?
- The company number of BOEVERIE is 0675.385.462. The VAT number is the same number with BE in front: BE 0675.385.462.
- Where is BOEVERIE based?
- The registered office is at Kwadestraat 155, 8800 Roeselare.Company details
- What does BOEVERIE do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of BOEVERIE?
- BOEVERIE is a public limited company (NV).
- When was BOEVERIE founded?
- BOEVERIE was founded on 03-05-2017.
- Is BOEVERIE still active?
- Yes, BOEVERIE is an active enterprise in the KBO register.
- What is the turnover of BOEVERIE?
- The turnover in financial year 2025 is ≈ €800,000. This figure is estimated from the gross margin of €452,160 and 40 comparable companies (NACE 681). It probably lies between €600,000 and €1.3m.Financials
- Is BOEVERIE profitable?
- In financial year 2025, BOEVERIE made a loss of €3,655.
- Where can I find the annual accounts of BOEVERIE?
- BOEVERIE filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BOEVERIE due?
- BOEVERIE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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