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Driekoningen

Active
Private limited companyfounded 20233 yrs activeKortrijksesteenweg 1052, 9051 Gent, BelgiumKBO/BCE: BE 0803.427.640
Summary

Driekoningen has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.3m and a net result of -€658,662. Its solvency ranks better than 59% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2024
Axes
Profitability11
Solvency67
Growth-
Track record79
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190,000 at 30 days acceptable
Liquidity short (current ratio 0.13; short-term debt: 57.7% and cash: 0.3% of total assets), and 58.3% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
41.7%
Return on assets
-6.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 June 2023, Driekoningen was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€4.3m
Total assets
€10.4m
Net result
-€658,662
Working capital
-€5.2m

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €10.4m
Fixed assets €9.6m
Current assets €784,072
Equity and liabilities €10.4m
Equity €4.3m
Debt €6.1m
Debt finances 58.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€114,366
Cash flow
-€93,700
Current ratio
0.13
Debt to equity
1.40
ROE
-15.2%
ROA
-6.3%
Interest coverage
-10.52
Debt ≤ 1 year
€6.0m

Peer companies

Historical observation

Of the 1,258 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Medium-sized
  • solvency 30% or more
  • a small loss
  • without age
0.7% went bankrupt
4.2% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,258 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 35 lines
Balance sheet Code2024
Assets
Total assets20/58€10.4m
Formation expenses20€6,256
Fixed assets21/28€9.6m
Tangible fixed assets22/27€9.6m
Land and buildings22€7.7m
Assets under construction and advance payments27€2.0m
Current assets29/58€784,072
Amounts receivable within one year40/41€751,697
Other amounts receivable41€751,697
Cash at bank and in hand54/58€31,734
Deferred charges and accrued income490/1€641
Equity and liabilities
Total equity and liabilities10/49€10.4m
Equity10/15€4.3m
Contributions10/11€5.0m
Profit (loss) carried forward14-€658,662
Amounts payable17/49€6.1m
Amounts payable within one year42/48€6.0m
Financial debts43€6.0m
Credit institutions430/8€6.0m
Trade debts44€6,604
Suppliers440/4€6,604
Accrued charges and deferred income492/3€60,421
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€564,962
Other operating charges640/8€7,814
Gross operating margin9900-€106,551
Operating profit (loss)9901-€679,327
Financial income75/76B€31,540
Recurring financial income75€31,540
Financial charges65/66B€10,874
Recurring financial charges65€10,874
Profit (loss) for the period before taxes9903-€658,662
Profit (loss) for the period9904-€658,662
Profit (loss) for the period to be appropriated9905-€658,662
Appropriation of the result
Profit (loss) to be appropriated9906-€658,662
Social balance
Average headcount (FTE)90870.0

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€564,962
Other operating charges640/8€7,814
Gross operating margin9900-€106,551
Operating profit (loss)9901-€679,327
Financial income75/76B€31,540
Recurring financial income75€31,540
Financial charges65/66B€10,874
Recurring financial charges65€10,874
Profit (loss) for the period before taxes9903-€658,662
Profit (loss) for the period9904-€658,662
Profit (loss) for the period to be appropriated9905-€658,662
Line2024
Assets
Total assets20/58€10.4m
Formation expenses20€6,256
Fixed assets21/28€9.6m
Tangible fixed assets22/27€9.6m
Land and buildings22€7.7m
Assets under construction and advance payments27€2.0m
Current assets29/58€784,072
Amounts receivable within one year40/41€751,697
Other amounts receivable41€751,697
Cash at bank and in hand54/58€31,734
Deferred charges and accrued income490/1€641
Equity and liabilities
Total equity and liabilities10/49€10.4m
Equity10/15€4.3m
Contributions10/11€5.0m
Profit (loss) carried forward14-€658,662
Amounts payable17/49€6.1m
Amounts payable within one year42/48€6.0m
Financial debts43€6.0m
Credit institutions430/8€6.0m
Trade debts44€6,604
Suppliers440/4€6,604
Accrued charges and deferred income492/3€60,421
Line2024
Profit (loss) for the period9904-€658,662
+ Depreciation and write-downs630€564,962
Operating cash flow (approximation)-€93,700

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Gent · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,120 m²
Building footprint
891 m²
Volume, LiDAR
195 m³
Parcel 44062A0275/00F003, Flanders · tallest building 14.7 m. Linked by address, not a title deed.
23 companies at this address See who is registered here
1 establishment unit
DRIEKONINGEN
Kortrijksesteenweg 1052, 9051 GentReal estate development
since 20232.350.765.702
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062A0275/00F003 Flanders 3,120 m² 1 · 891 m² 14.7 m
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group SERVICE & DEVELOPMENT GROUP BELGIUM 15 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. SERVICE & DEVELOPMENT GROUP BELGIUM 97.73%
  2. DIVANI 89%
  3. Driekoningen

Highest known parent: SERVICE & DEVELOPMENT GROUP BELGIUM. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 2,010 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded30-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803427640
Also 9925:BE0803427640
Registered 19-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.