DIVINE ESTATES
ActiveDIVINE ESTATES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €5k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 35% of 13936 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+11
Solvency38▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.04 in 2024; short-term debt: 24.5% and cash: 0.6% of total assets), and 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.9%
Return on assets
0.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
21 d late
2024
7 d early
2023
30 d early
2022
32 d early
2021
33 d early
2020
31 d early
2019
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 4.0%
2024 · €118k
2018: €174k
2019: €163k
2020: €151k
2021: €149k
2022: €140k
2023: €125k
2024: €118k
2018 → 2025
Total assets
€951k▼ 1.9%
2024 · €970k
2018: €961k
2019: €939k
2020: €1.11M
2021: €1.06M
2022: €1.02M
2023: €1.01M
2024: €970k
2018 → 2025
Net result
€5k
2024 · €-8k
2018: €-26k
2019: €-11k
2020: €-12k
2021: €-2k
2022: €-9k
2023: €-14k
2024: €-8k
2018 → 2025
Working capital
€-218k▼ 6.3%
2024 · €-205k
2018: €-86k
2019: €-107k
2020: €-15k
2021: €-71k
2022: €-146k
2023: €-194k
2024: €-205k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€140k▼ 6.0%€125k▼ 10.3%€118k▼ 6.2%€122k▲ 4.0%
Operating result€16k-€8k▼ 49.0%€2k▼ 77.8%€8k▲ 323%€19k▲ 146%
Net result€-2k-€-9k▼ 364%€-14k▼ 61.5%€-8k▲ 46.3%€5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 146% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €951k
Fixed assets
€936k▼ 2.6%
Current assets
€15k▲ 83.4%
Equity and liabilities €951k
Equity
€122k▲ 4.0%
Debt
€829k▼ 2.7%
The debt ratio falls from 87.9% to 87.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€62k▲
2024 · €50k
Cash flow
€48k▲
2024 · €34k
Solvency
12.9%▲
2024 · 12.1%
Current ratio
0.06▲
2024 · 0.04
Quick ratio
0.06▲
2024 · 0.04
Debt / equity
6.78▼
2024 · 7.24
ROE
3.8%▲
2024 · -6.6%
ROA
0.5%▲
2024 · -0.8%
Interest coverage
4.32▲
2024 · 3.20
Debt
€829k▼
2024 · €852k
Debt ≤ 1 year
€233k▲
2024 · €213k
Debt > 1 year
€591k▼
2024 · €637k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€970k€951k▼
Fixed assets21/28€962k€936k▼
Tangible fixed assets22/27€961k€935k▼
Land and buildings22€961k€935k▼
Financial fixed assets28€600€600=
Current assets29/58€8k€15k▲
Amounts receivable within one year40/41-€45
Trade receivables40-€45
Cash at bank and in hand54/58€7k€5k▼
Deferred charges and accrued income490/1€1k€9k▲
Equity and liabilities
Total equity and liabilities10/49€970k€951k▼
Equity10/15€118k€122k▲
Contributions10/11€200k€200k=
Profit (loss) carried forward14€-82k€-78k▲
Amounts payable17/49€852k€829k▼
Amounts payable after more than one year17€637k€591k▼
Financial debts170/4€637k€591k▼
Amounts payable within one year42/48€213k€233k▲
Current portion of amounts payable after more than one year42€46k€47k▲
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Other amounts payable47/48€163k€184k▲
Accrued charges and deferred income492/3€1k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€43k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€51k€66k▲
Operating profit (loss)9901€8k€19k▲
Financial income75/76B€20€0▼
Recurring financial income75€20€0▼
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€-8k€5k▲
Profit (loss) for the period9904€-8k€5k▲
Profit (loss) for the period to be appropriated9905€-8k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-82k€-78k▲
Profit (loss) brought forward from the previous period14P€-75k€-82k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 7 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kluisbergen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zeelstraat 59690 KluisbergenGround area
2,407 m²
Building footprint
127 m²
Volume, LiDAR
843 m³
Parcel 45058A0881/00B000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Divine Estates
since 20172.271.316.960
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45058A0881/00B000 | Flanders | 2,407 m² | 1 · 127 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KJEFIMAR
BE 0501.746.851
Hoeilaart · Eq €122k
ES Vastgoed
BE 0778.328.592
Bree · Eq €122k
SO MANY WAYS
BE 0524.894.417
Mouscron · Eq €123k
SQUARE INSURANCE
BE 0548.778.191
Ukkel · Eq €123k
C.N.G. INVESTMENT
BE 0677.871.038
Elsene · Eq €123k
Of 7,322 companies in sector 68110 we hold annual accounts for 5,381. 3,773 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2017
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.