Expat Properties
ActiveSummary
Expat Properties has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9,762 and a net result of -€2,364. Its solvency ranks better than 44% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-02-2024 Normal situation
- Activity
- Real estate agency activities NACE 68310and 5 others
- Establishment unit
- 2.356.186.814 1150 Sint-Pieters-Woluwe, since 07-02-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €4,026
- Turnover
- ≈ €17,000
- estimated
- Loss
- €2,364
- ▼ 81.6%
- Equity
- €9,762
- ▼ 19.5%
- Total assets
- €45,178
- ▼ 5.3%
Score breakdownraises riskFounded in 2024lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 0.76, cash €24,475Size: total assets €45,178Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 42% of them on solvency, 68% on liquidity, 49% on profitability and 21% on growth.
The bankruptcy probability was computed on 01-11-2026 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
The company filed its last 2 accounts on average 39 days before 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €2,326, smaller than the loss of €12,874 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €28,192 | - |
| Depreciation and write-downs of the year | €3,829 | €6,041 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as Expat Properties: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €35,600 and €81,100, founded between 2022 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Expat Properties Sint-Pieters-Woluwe | 2024 | €45,178 | €9,762 | €4,026 | -€2,364 | 2025 |
| JVL IMMOBILIER Elsene | 2023 | €53,660 | -€3,172 | €3,148 | -€26,872 | 2025 |
| CORBAN CONSULTING Pajottegem | 2023 | €35,594 | -€6,060 | €4,675 | -€8,493 | 2025 |
| DBN Invest Zottegem | 2022 | €37,377 | €28,654 | €3,364 | -€657 | 2025 |
| RF MANAGEMENT Ham-sur-Heure-Nalinnes | 2023 | €40,816 | €3,304 | €7,135 | €3,677 | 2025 |
| KOPGIMMO Koksijde | 2024 | €78,343 | €16,541 | €3,994 | €930 | 2025 |
| Mangart Vorst | 2023 | €81,065 | €34,356 | €5,521 | €2,328 | 2025 |
They were chosen from the 7,155 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,271 companies had the same profile as Expat Properties has now. Two years later, 4.1% had gone bankrupt and 93.5% were still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Expat Properties itself is lower: 0.2% within 12 months. It rests on far more data about Expat Properties than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,271 companies, not a prediction for Expat Properties. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,829 | €6,041 | ▲ 57.8% |
| Other operating charges640/8 | €848 | €311 | ▼ 63.3% |
| Gross operating margin9900 | -€8,196 | €4,026 | - |
| Operating profit (loss)9901 | -€12,874 | -€2,326 | ▲ 81.9% |
| Financial income75/76B | - | €1 | - |
| Recurring financial income75 | - | €1 | - |
| Financial charges65/66B | - | €39 | - |
| Recurring financial charges65 | - | €39 | - |
| Profit (loss) for the period before taxes9903 | -€12,874 | -€2,364 | ▲ 81.6% |
| Profit (loss) for the period9904 | -€12,874 | -€2,364 | ▲ 81.6% |
| Profit (loss) for the period to be appropriated9905 | -€12,874 | -€2,364 | ▲ 81.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €47,723 | €45,178 | ▼ 5.3% |
| Fixed assets21/28 | €24,363 | €18,322 | ▼ 24.8% |
| Tangible fixed assets22/27 | €24,363 | €18,322 | ▼ 24.8% |
| Furniture and vehicles24 | €24,363 | €18,322 | ▼ 24.8% |
| Current assets29/58 | €23,360 | €26,856 | ▲ 15.0% |
| Amounts receivable within one year40/41 | €3,199 | €2,286 | ▼ 28.5% |
| Trade receivables40 | - | €545 | - |
| Other amounts receivable41 | €3,199 | €1,742 | ▼ 45.6% |
| Cash at bank and in hand54/58 | €19,625 | €24,475 | ▲ 24.7% |
| Deferred charges and accrued income490/1 | €536 | €95 | ▼ 82.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €47,723 | €45,178 | ▼ 5.3% |
| Equity10/15 | €12,126 | €9,762 | ▼ 19.5% |
| Contributions10/11 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€12,874 | -€15,238 | ▼ 18.4% |
| Amounts payable17/49 | €35,597 | €35,416 | ▼ 0.5% |
| Amounts payable within one year42/48 | €35,597 | €35,416 | ▼ 0.5% |
| Trade debts44 | €1,432 | €1,112 | ▼ 22.4% |
| Suppliers440/4 | €1,432 | €1,112 | ▼ 22.4% |
| Other amounts payable47/48 | €34,165 | €34,305 | ▲ 0.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€12,874 | -€2,364 | ▲ 81.6% |
| + Depreciation and write-downs630 | €3,829 | €6,041 | ▲ 57.8% |
| Operating cash flow (approximation) | -€9,045 | €3,677 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €4,850 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- VAN CONEGHEM Denise Norma Paula 100 shares (100%) · €25,000 in cash
Capital transactions
- 09-02-2024 Incorporation · €25,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Frais generaux, assemblee majorite absolue ou actionnaire unique fixe fixe ou proportionnel”
Articles of association, deed of 09-02-2024 (in French)
Network & group
Expat Properties shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Expat Properties. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-02
Gazette deed
IncorporationStarting capital €25,000 · Appointment: VAN CONEGHEM Denise Norma Paula (administrateur non statutaire) · Founder10 points ▸
- Incorporation, 06-02-2024
- Founder, VAN CONEGHEM Denise Norma Paula (comparant)
- Founding capital, €25,000
- Bank account, 25000, “compte spécial ouvert au nom de la société en formation” (deed in French)
- Other provision, “arrêt des statuts, comparant arrête les statuts” (deed in French)
- General meeting, “comparant_en_assemblée_générale, à_dater_dépôt_greffe_expédition_acte_constitutif_conformément_loi” (deed in French)
- Registered office clause, “1150 Woluwe-Saint-Pierre, Tir aux Pigeons 4 boîte 1” (deed in French)
- Board rule, 1
- Director appointment, VAN CONEGHEM Denise Norma Paula (administrateur non statutaire)
- Pre-incorporation commitments, “takeover, engagements_obligations_activités_au_nom_pour_compte_société_en_formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Expat Properties was incorporated on 7 February 2024 as a private limited company by one natural person, with a starting capital of €25,000.12 Since 2024, VAN CONEGHEM Denise Norma Paula has served as administrateur non statutaire.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
10 activities
- Les activités d’agences immobilières et intermédiaires : Toutes opérations immobilières au sens le plus large du terme et notamment assurer la gestion de tous biens immobiliers,intervenir en matière de conseils en réalisation immobilière,assurer ou coordonner la réalisation de projets immobiliers,acheter et vendre,échanger tout immeuble,droit,obligation et titre immobilier,ériger des immeubles,les aménager,les décorer,les prendre ou les donner en location ou en sous-location,prendre ou donner des droits d'emphytéose ou de superficie,faire tous travaux en vue de rendre des immeubles rentables,lotir (urbaniser) des terrains,créer la voirie nécessaire,conclure tous contrats de leasing,etc... ainsi que toutes opérations de financement.
- L'achat,l'échange,la vente,la prise en location et en sous location,ainsi que la cession en location et en sous location,le tout avec ou sans option d'achat,la gestion,l'exploitation et l’entretien de tous biens immobiliers,fonds de commerce,terrains,terres et domaines,et de manière générale,et de tous droits réels,ainsi que toutes opérations de financement.
- L’administration de biens immobiliers.
- Tout service de représentation de tiers dans le cadre de la gestion/administration immobilière.
- L’estimation,l’évaluation,l’expertise de biens immobiliers,de fonds de commerce et sociétés.
- La prestation de toutes études de marché,tous avis,conseils,formations et assistance sous quelque forme que ce soit à tous tiers,personnes physiques ou morales,dans tous les domaines et notamment,sans que cette liste soit exhaustive,en matière de stratégie,d’organisation,de management,de gestion de ressources humaines (en ce compris le coaching individuel ou de groupes),d’administration,de gestion,de marketing,de finances,d’informatique et de développement commercial ou encore en matière de vente et d’achat d’entreprises.
- De relocalisation des expatriés.
- De donner des cours linguistiques ou toutes autres formations,conférences,dans tout autre domaine dans son sens le plus large.
- De fournir des travaux de secrétariat,de traduction,ou tout autre travail administratif ou d’assistance.
- De pratiquer le E-commerce de tout produit ou tout service,dans son sens le plus large.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21683D0372/00D008 | Brussels | 2,692 m² | 1 · 294 m² | 14.6 m · 4 |