Equity
€107,058 from €1.1m in 2012
Equity fell by 90% in 13 years.
De Boomen Project
Lifetime
17 annual accounts with figures on one time axispeak -€18,460 (2009)
-€39,437▲ €1,568
lowest -€196,834 (2012)
-€70,513▲ €311
peak €1.1m (2012)
€107,058▼ 39.7%
€1.5m▲ 4.8%
peak 0 FTE (2013)
-not published
Board4 names since 2017
3 directorsHeeren, Peter Johannes Helena and 2 others
Owners6 names in the annual accounts
99.99%fam Heeren and 1 other
Documentsfilings and deeds
05-08-20265 days late
2025financial year
Loss of €70,513Equity from €177,571 to €107,058Cash from €131 to €606
Key points
from the 2025 annual accountsLosses
-€1.3m in 17 years
Every financial year from 2009 to 2025 closed with a loss. 2012 was the heaviest.
Debts
€1.5m 93% of the balance sheet
After one year 0%Within one year 100%
Of this, €1.5m falls due within a year.
Filings
17 annual accounts since 2009
Seven of the last ten came late. The 2019 accounts came latest: 97 days after the end of the period.
At the same address
55 companies
Position in the sector
-€70,513
Lower net result than 80% of companies in real estate. Sector median €20,538 · 5,811 companies.
Checked score
77
Excellent
Financially stronger than 15% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▼ -0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.5%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 1.1%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 0.6%▼ -0.5 percentage points 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 1.07, cash €606
Equity €107,058 (6.6% of total assets)
lowers risk
Size: total assets €1.6m
Founded in 2008
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 27% of them on solvency, 2% on liquidity, 16% on profitability and 14% 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 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, 912 companies had the same profile as De Boomen Project has now. Each dot stands for 3 companies, two years later.
95.3%
were still trading
2.1%
stopped another way
2.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of De Boomen Project 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 912 companies, not a prediction for De Boomen Project. 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 €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.07 (1.12 in 2024), below the usual 1.5. Short-term debt is 93.4% and cash 0% of total assets. 93.4% 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
Seven 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
1819202122232425
2018 to 2025 · latest year -€70,513
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 5804 sector peers (2025).
NBB · sector comparisonPosition among 5804 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 days late
2024
27 days early
2023
33 days early
2022
on the day
2021
30 days late
2020
16 days late
2019
97 days late
← 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 13 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 31 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
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
MH
Monique Heeren Vastgoed BV
Director, since 01-07-2025
- fam Heeren 99.99%score 85equity €19.7m (2025) · 2025 annual accounts of fam Heeren
- Heeren Properties 0.01%equity €68.3m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899435171
3 directors resigning, 3 reappointments
Resignations: Heeren Peter Johannes Helena, Heeren Group and MMP Heeren · Permanent representatives: Van Gompel Theresia Elisabeth Antonia Gerarda and Heeren Matheus Marcelus Petrus · Reappointments: Heeren Peter Johannes Helena, MMP Heeren and Heeren Group · General meeting of 14-12-2023 · Gazette deed
Environmental permit refused
Ontbossen, Verwijderen van vrijstaande gebouwen · Provincie Antwerpen
Registered office moved within Turnhout
New registered office: Turnovatoren 16 bus 1, 2300 Turnhout · Previous registered office: Warandestraat 1 bus 1, 2300 Turnhout · Board meeting of 01-02-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| De Boomen Project Turnhout | €1.6m | -€39,437 | 6.6% | - |
| NedBel VASTGOED III Mol | €1.8m | -€12,234 | -7.1% | - |
| LYCON Retie | €1.4m | -€7,394 | 93.7% | - |
| KETS WONINGBOUW Lier | €1.4m | -€31,262 | 13.8% | 0.8 |
| S-PRO Boechout | €1.6m | -€27,857 | 68.4% | - |
| Christiaens Real Estate Knokke-Heist | €1.6m | -€32,287 | 28.0% | 0 |
| INDUSTRIAL AND LOGISTICS DEVELOPMENTS Lochristi | €1.6m | -€212,930 | 19.6% | 0.9 |
These companies have the same main activity as De Boomen Project: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.4m and €1.8m, founded between 2005 and 2009.
Official details
Source: KBO- Status
- Active since 22-07-2008Normal situation
- Registered office
- 56 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 2 others
- Establishment unit
- 2.172.574.3262300 Turnhout, since 23-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 11-08-2025
Insights on De Boomen Project
De Boomen Project has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,058 and a net result of -€70,513.
Equity has been shrinking by about 19% per year since 2018. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 20% of 5,804 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is 0.6% (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 De Boomen Project
- What is the company number of De Boomen Project?
- The company number of De Boomen Project is 0899.435.171. The VAT number is the same number with BE in front: BE 0899.435.171.
- Where is De Boomen Project based?
- The registered office is at Turnovatoren 16, 2300 Turnhout.Company details
- What does De Boomen Project do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of De Boomen Project?
- De Boomen Project is a public limited company (NV).
- When was De Boomen Project founded?
- De Boomen Project was founded on 22-07-2008.
- Is De Boomen Project still active?
- Yes, De Boomen Project is an active enterprise in the KBO register.
- What is the turnover of De Boomen Project?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is De Boomen Project profitable?
- In financial year 2025, De Boomen Project made a loss of €70,513.
- Where can I find the annual accounts of De Boomen Project?
- De Boomen Project filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of De Boomen Project due?
- De Boomen Project 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.Heeren Properties · 36 companies Compare this company with its sector.Sector benchmark
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