Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The abbreviated format states no turnover.
Of this, €7.2m falls due within a year.
Lower net result than 94% of companies in real estate. Sector median €9,988 · 11,288 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 11% of them on solvency, 9% on liquidity and 12% on profitability.
The bankruptcy probability was computed on 09-11-2026 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).
In July 2024, 473 companies had the same profile as DIVIO has now. Each dot is one company, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DIVIO itself: 0.5% within 12 months.
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 473 companies, not a prediction for DIVIO. 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.
Liquidity is tight, with a current ratio of 1.27, below the usual 1.5. Short-term debt is 78.5% and cash 0.3% of total assets. Equity is negative.
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 | ||||
|---|---|---|---|---|
| DIVIO Herent | €9.2m | €119,309 | -2.4% | - |
| BelMo Real Estate Ans | €12.5m | €231,306 | 1.9% | - |
| CAPROEN INVEST Oostkamp | €5.8m | €212,047 | 18.4% | 1.8 |
| Antvest Projects Antwerp | €10.1m | €31,582 | 1.1% | - |
| PRIJKELSPOORT Roeselare | €6.1m | €174,460 | 1.8% | - |
| Zuidkwartier Construct Antwerp | €10.1m | €44,775 | -2.7% | - |
| NEW MZ AALST Aalst | €6.4m | €124,316 | 51.8% | 0 |
These companies have the same main activity as DIVIO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €5.8m and €12m, founded between 2023 and 2024.
DIVIO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€223,934) and a net result of -€226,934.
Its solvency ranks better than 14% of 11,297 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €250,000. Estimated: probably between €160,000 and €580,000.
Higher than 14% of 11,297 companies in 2025.
Higher than 54% of 10,849 companies in 2025.
Higher than 22% of 11,182 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
9.2m | |
21/28 |
3,768 | |
21 |
768 | |
28 |
3,000 | |
29/58 |
9.2m | |
3 |
9.1m | |
30/36 |
9.1m | |
40/41 |
13,462 | |
41 |
13,462 | |
54/58 |
26,574 | |
490/1 |
6,579 | |
| Balance sheet: equity and liabilities | ||
10/49 |
9.2m | |
10/15 |
-223,934 | |
10/11 |
3,000 | |
14 |
-226,934 | |
17/49 |
9.4m | |
17 |
2.2m | |
170/4 |
2.2m | |
42/48 |
7.2m | |
42 |
7.1m | |
43 |
34,286 | |
430/8 |
34,286 | |
44 |
26,690 | |
440/4 |
26,690 | |
45 |
535 | |
450/3 |
535 | |
47/48 |
40,459 | |
| Income statement | ||
9900 |
119,309 | |
630 |
139 | |
640/8 |
4,358 | |
9901 |
114,812 | |
75/76B |
24 | |
75 |
24 | |
65/66B |
341,769 | |
65 |
341,769 | |
9903 |
-226,934 | |
9904 |
-226,934 | |
9905 |
-226,934 | |
| Appropriation of the result | ||
9906 |
-226,934 | |
| Document | ||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447986.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-08-2026 | 2026-00447986 |
| Line | Trend | 2025 |
|---|---|---|
| 114,951 | ||
| -226,794 | ||
| 3,908 | ||
| 2.0m | ||
| -2.4% | ||
| 1.27 | ||
| 0.01 | ||
| -2.5% | ||
| 0.34 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2025 |
|---|---|
| Intangible fixed assets | €908 |
| Financial fixed assets | €3,000 |
| €139 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€9.4m) exceeds the balance-sheet total (€9.2m).
Source: lists of holdings in the owners' accounts
1 other company of this director went bankrupt (2026).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| Emweb
registered office since 22-02-2008 · founded in 2008 |
11 FTE (2025) 0895.941.983 |
| DUIGEMHOF
registered office since 29-12-1999 · founded in 1999 |
total assets €1.6m (2025) 0467.409.049 |
| MINDSPELLER
registered office since 07-05-2015 · founded in 2015 |
total assets €1.2m (2025) 0629.858.018 |
| Mindspeller BCI
registered office since 02-07-2020 · founded in 2020 |
total assets €680,685 (2025) 0749.699.835 |
| Novio Construct
registered office since 26-12-2024 · founded in 2024 |
total assets €164,132 (2025) 1017.968.280 |
| Aqua Pharma Belgium
registered office since 19-10-2021 · founded in 2021 · negative equity (2025) |
total assets €73,959 (2025) 0775.936.850 |
| AMEAURE
registered office since 11-06-2025 · founded in 2025 |
total assets €39,740 (2025) 1024.217.852 |
| Water Treatment Systems, Faucets & More
registered office since 28-03-2023 · founded in 2023 |
total assets €30,656 (2025) 0799.980.477 |
| The Witches House
registered office since 18-10-2024 |
founded in 2024 1015.259.903 |
| Kot.company via Rainbow, no longer at Kot.company · Director · deed of 25-07-2023 founded in 2023 · negative equity (2025) |
total assets €4.1m (2025) |
| 2BKC via Rainbow, no longer at 2BKC · Director · deed of 15-03-2021 founded in 2021 · negative equity (2025) |
total assets €1.5m (2025) |
| DAB Immo via Rainbow, no longer at DAB Immo · Director · deed of 01-08-2022 No longer active · founded in 2021 |
total assets €570,361 (2025) |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Duigemhofstraat 101 registered office 3020 Herent | 13-09-2024 | 2.368.537.684 |
| 16-10-2026 | Granted | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 15-06-2026 · project 2026073841 | Leuven |
| 21-08-2026 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 04-06-2026 · project 2026055477 | Leuven |
| 18-08-2026 | Under review | Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies; Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden project 2026094056 | Leuven |
| 08-05-2026 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 11-02-2026 · project 2025148098 | Leuven |
| 10-03-2026 | Under appeal | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden project 2026027321 | Provincie Vlaams-Brabant |
| 28-11-2025 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 10-07-2025 · project 2025060851 | Leuven |
| 31-10-2025 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 13-08-2025 · project 2025097440 | Leuven |
| 04-09-2025 | Discontinued | Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 13-08-2025 · project 2025094034 | Leuven |
| 04-07-2025 | Refused | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 11-04-2025 · project 2025047477 | Leuven |
| 06-05-2025 | Discontinued | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 11-04-2025 · project 2025041523 | Leuven |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24423H0002/00C000 | 4,682 m² | 1 · 943 m² | 13.3 m · 2 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1013.560.819
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