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ESTATE CORPORATE

Active
Public limited companyfounded 2019active for 7 yearsIjsvogellaan 56, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0726.619.080
Summary

The computed 12-month bankruptcy probability of ESTATE CORPORATE is 6.9% (elevated). The 2025 annual accounts show negative equity (-€400,189) and a net result of -€116,695. Equity has been shrinking by about 47% per year since 2020. Its solvency ranks better than 9% of 17,149 sector peers (NACE 68, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 09-05-2019 Normal situation
Activity
Buying and selling of own real estate NACE 68110and 2 others
Financial year end
31 December
Peppol
Reachable since 10-10-2025

Board and ownership

Board

Financial position

33 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
6.9%
Annual accounts 2025
Gross margin
€9,095
▲ 181%
Turnover
≈ €35,000
estimated
Loss
€116,695
▲ 60.8%
Equity
-€400,189
▼ 41.2%
Total assets
€1.7m
▲ 23.4%
  • Negative equity on 31-12-2025
Score breakdownraises risk2 changes of registered office in 24 monthsNegative equity -€400,189No registered site in the KBOlowers riskSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 13% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency 2-3
equity -22.9% of total assets
Liquidity 22-8
short-term debt 57.8% · cash 1.3%
Profitability 11-1
return on assets -6.7%
Bankruptcy probability within 12 months
6.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,630 companies, NACE 68, micro)
Last 24 months 12-2024: 6.0% 01-2025: 6.0%● unchanged vs 12-2024 02-2025: 6.0%● unchanged vs 01-2025 03-2025: 11.4%▲ +5.4 percentage points vs 02-2025highest value 04-2025: 5.9%▼ -5.5 percentage points vs 03-2025 05-2025: 5.6%▼ -0.3 percentage points vs 04-2025 06-2025: 5.5%▼ -0.1 percentage points vs 05-2025 07-2025: 5.3%▼ -0.2 percentage points vs 06-2025 08-2025: 7.1%▲ +1.8 percentage points vs 07-2025 09-2025: 5.1%▼ -2.0 percentage points vs 08-2025 10-2025: 5.1%● unchanged vs 09-2025 11-2025: 5.1%● unchanged vs 10-2025 12-2025: 5.1%● unchanged vs 11-2025 01-2026: 5.1%● unchanged vs 12-2025 02-2026: 5.2%▲ +0.1 percentage points vs 01-2026 03-2026: 5.2%● unchanged vs 02-2026 04-2026: 5.1%▼ -0.1 percentage points vs 03-2026 05-2026: 5.2%▲ +0.1 percentage points vs 04-2026 06-2026: 5.0%▼ -0.2 percentage points vs 05-2026 07-2026: 2.1%▼ -2.9 percentage points vs 06-2026lowest value 08-2026: 2.1%● unchanged vs 07-2026lowest value 09-2026: 2.1%● unchanged vs 08-2026lowest value 10-2026: 6.9%▲ +4.8 percentage points vs 09-2026 11-2026: 6.9%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.01 in 2024), below 1. Short-term debt is 57.8% and cash 1.3% of total assets. Equity is negative.
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 10% of them on solvency, 17% on liquidity, 13% on profitability and 14% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · 2 changes of registered office in 24 months
Belgian Official Gazette
raises risk · Negative equity -€400,189
NBB · annual accounts
raises risk · No registered site in the KBO
KBO · seat and establishments
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€400,189
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
60 days early
2024
12 days late
2023
61 days late
2022
88 days late
2021
30 days late
2020
88 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 37 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 30 August (4 of the last 5 accounts filed within 58 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€400,189 View
  • Risk: 6 loss-making years in a rowloss in financial year 2025 -€116,695 View
  • Caution: Lower net result than 95% of companies in real estatesector median €6,030 · 17,139 companies -€116,695 View
  • Caution: Equity fell in 2025from -€283,494 to -€400,189 ▼ 41.2% View

Recent changes

  1. · Gazette deed Registered office moved within Watermael-BoitsfortNew seat: Avenue du Martin-Pêcheur 56 boîte 25, 1170 Watermael-Boitsfort · Previous seat: Rue des Pêcheries 81 34, 1170 Watermael-Boitsfort
  2. · Gazette deed Registered office moved from Saint-Gilles to Watermael-BoitsfortNew seat: 1170 Watermael-Boitsfort, rue des Pêcheries 81 boîte 34 · Previous seat: 1060 Saint-Gilles, rue Dejoncker 23 · Resignations: Dimitri KARAGIANIS, Myriam MERNIER and Gorgun MUTLU
  3. · Gazette deed Registered office moved from Waterlo to Saint-GillesNew seat: Rue Dejoncker 23-1060 Saint-Gilles · Previous seat: Avenue Princesse Paola 20 - 1410 WATERLOо
All 12 events

Comparable companies

These companies have the same main activity as ESTATE CORPORATE: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.1m and €2.1m, founded between 2017 and 2020.

CompanyTotal assetsGross margin
ESTATE CORPORATE Watermaal-Bosvoorde€1.7m€0.009m
Urbion Developments Sint-Lambrechts-Woluwe€1.8m€0.01m
DW HOME Kapellen€1.4m€0.007m
Immo Van Echelpoel Lille€1.8m€0.01m
MORTELL Aalst€1.3m€0.01m
PEETERS-SNOEYS Herentals€2.1m€0.01m
Global Project Invest Herselt€1.1m€0.01m
Full comparison

Key facts about ESTATE CORPORATE

What is the company number of ESTATE CORPORATE?
The company number of ESTATE CORPORATE is 0726.619.080. The VAT number is the same number with BE in front: BE 0726.619.080.
Where is ESTATE CORPORATE based?
The registered office is at Ijsvogellaan 56, 1170 Watermaal-Bosvoorde.Company details
What does ESTATE CORPORATE do?
According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
What is the legal form of ESTATE CORPORATE?
The legal form of ESTATE CORPORATE is Public limited company (NV).
When was ESTATE CORPORATE founded?
ESTATE CORPORATE was founded on 09-05-2019.
Is ESTATE CORPORATE still active?
Yes, ESTATE CORPORATE is an active enterprise in the KBO register.
What is the turnover of ESTATE CORPORATE?
The turnover in financial year 2025 is ≈ €35,000. This figure is estimated from the gross margin of €9,095 and 30 comparable companies (NACE 68110). It probably lies between €19,000 and €88,000. It is a rough estimate.Financials
Is ESTATE CORPORATE profitable?
In financial year 2025, ESTATE CORPORATE made a loss of €116,695.
Where can I find the annual accounts of ESTATE CORPORATE?
ESTATE CORPORATE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ESTATE CORPORATE due?
ESTATE CORPORATE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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