EXPERTIUS
ActiveSummary
EXPERTIUS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349,290 and a net result of €3,840. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 81.2 against 48.49 in 2024; short-term debt: 1.1% and cash: 88.2% of total assets), and 13.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
86.7%
Return on assets
1%
Age of the figures
9 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
19 d early
2023
43 d early
2022
121 d late
2021
78 d late
2020
93 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days after 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 (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Tielt-Winge, Real estate sector
Equity
€349,290▲ 1.1%
2024 · €345,450
Total assets
€402,662▲ 0.4%
2024 · €401,257
Net result
€3,840▲ 183%
2024 · €1,356
Working capital
€357,025▲ 3.1%
2024 · €346,207
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,500▼ 67.9%€189,968▲ 12,565%€5,985▼ 96.8%€3,182▼ 46.8%€7,121▲ 124%
Net result-€86within the sector's middle half€138,691above the sector's middle half€2,717within the sector's middle half▼ 98.0%€1,356within the sector's middle half▼ 50.1%€3,840within the sector's middle half▲ 183%
Equity€202,686within the sector's middle half=€341,377above the sector's middle half▲ 68.4%€344,094above the sector's middle half▲ 0.8%€345,450above the sector's middle half▲ 0.4%€349,290above the sector's middle half▲ 1.1%
Total assets€286,042within the sector's middle half▼ 0.2%€398,205within the sector's middle half▲ 39.2%€398,902within the sector's middle half▲ 0.2%€401,257within the sector's middle half▲ 0.6%€402,662within the sector's middle half▲ 0.4%
Debt€83,356▼ 0.6%€8,312▼ 90.0%€6,292▼ 24.3%€7,291▲ 15.9%€4,856▼ 33.4%
Working capital-€17,732€328,984€338,276▲ 2.8%€346,207▲ 2.3%€357,025▲ 3.1%
Solvency70.9%above the sector's middle half▲ 0.1pp85.7%above the sector's middle half▲ 14.9pp86.3%above the sector's middle half▲ 0.5pp86.1%above the sector's middle half▼ 0.2pp86.7%above the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 124% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402,662
Fixed assets
€41,185 ▼ 13.8%
Current assets
€361,477 ▲ 2.3%
Equity and liabilities €402,662
Equity
€349,290 ▲ 1.1%
Provisions
€48,516 =
Debt
€4,856 ▼ 33.4%
Debt's share of the balance-sheet total falls from 1.8% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,696▲
2024 · €9,757
Cash flow
€10,415▲
2024 · €7,931
Current ratio
81.20▲
2024 · 48.49
Debt to equity
0.01▼
2024 · 0.02
ROE
1.1%▲
2024 · 0.4%
ROA
1.0%▲
2024 · 0.3%
Interest coverage
57.48▼
2024 · 69.36
Debt ≤ 1 year
€4,452▼
2024 · €7,291
Income taxes
€3,043▲
2024 · €1,686
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 17,027 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,064 | €6,575 | €6,575 | €6,575 | €6,575 | = |
| Other operating charges640/8 | €3,046 | €4,789 | €1,647 | €1,380 | €1,941 | ▲ 40.7% |
| Gross operating margin9900 | €16,610 | €201,332 | €14,207 | €11,137 | €15,637 | ▲ 40.4% |
| Operating profit (loss)9901 | €1,500 | €189,968 | €5,985 | €3,182 | €7,121 | ▲ 124% |
| Financial income75/76B | - | €6 | - | - | - | - |
| Recurring financial income75 | - | €6 | - | - | - | - |
| Non-recurring financial income76B | - | €6 | - | - | - | - |
| Financial charges65/66B | €344 | €1,169 | €138 | €141 | €238 | ▲ 69.4% |
| Recurring financial charges65 | €344 | €1,169 | €138 | €141 | €238 | ▲ 69.4% |
| Profit (loss) for the period before taxes9903 | €1,156 | €188,805 | €5,847 | €3,042 | €6,883 | ▲ 126% |
| Transfer to deferred taxes680 | - | €48,516 | - | - | - | - |
| Income taxes67/77 | €1,242 | €1,598 | €3,130 | €1,686 | €3,043 | ▲ 80.5% |
| Profit (loss) for the period9904 | -€86 | €138,691 | €2,717 | €1,356 | €3,840 | ▲ 183% |
| Transfer to tax-exempt reserves689 | - | €145,549 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€86 | -€6,859 | €2,717 | €1,356 | €3,840 | ▲ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €286,042 | €398,205 | €398,902 | €401,257 | €402,662 | ▲ 0.4% |
| Fixed assets21/28 | €220,418 | €60,909 | €54,334 | €47,759 | €41,185 | ▼ 13.8% |
| Tangible fixed assets22/27 | €220,418 | €60,909 | €54,334 | €47,759 | €41,185 | ▼ 13.8% |
| Land and buildings22 | €190,831 | €37,897 | €37,897 | €37,897 | €37,897 | = |
| Furniture and vehicles24 | €29,587 | €23,012 | €16,437 | €9,862 | €3,287 | ▼ 66.7% |
| Current assets29/58 | €65,624 | €337,296 | €344,568 | €353,498 | €361,477 | ▲ 2.3% |
| Amounts receivable within one year40/41 | €7,054 | €5,498 | €8,313 | €3,125 | €5,701 | ▲ 82.4% |
| Trade receivables40 | €550 | - | €2,115 | - | €76 | - |
| Other amounts receivable41 | €6,504 | €5,498 | €6,198 | €3,125 | €5,625 | ▲ 80.0% |
| Cash at bank and in hand54/58 | €58,570 | €331,798 | €335,643 | €349,596 | €355,204 | ▲ 1.6% |
| Deferred charges and accrued income490/1 | - | - | €612 | €777 | €572 | ▼ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €286,042 | €398,205 | €398,902 | €401,257 | €402,662 | ▲ 0.4% |
| Equity10/15 | €202,686 | €341,377 | €344,094 | €345,450 | €349,290 | ▲ 1.1% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €1,859 | €147,409 | €147,409 | €147,409 | €147,409 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | €145,549 | €145,549 | €145,549 | €145,549 | = |
| Profit (loss) carried forward14 | €194,630 | €187,771 | €190,488 | €191,844 | €195,684 | ▲ 2.0% |
| Provisions and deferred taxes16 | - | €48,516 | €48,516 | €48,516 | €48,516 | = |
| Deferred taxes168 | - | €48,516 | €48,516 | €48,516 | €48,516 | = |
| Amounts payable17/49 | €83,356 | €8,312 | €6,292 | €7,291 | €4,856 | ▼ 33.4% |
| Amounts payable within one year42/48 | €83,356 | €8,312 | €6,292 | €7,291 | €4,452 | ▼ 38.9% |
| Trade debts44 | €2,359 | €2,359 | - | - | - | - |
| Suppliers440/4 | €2,359 | €2,359 | - | - | - | - |
| Taxes, remuneration and social security45 | €228 | €228 | €667 | €3,932 | €3,645 | ▼ 7.3% |
| Taxes450/3 | €228 | €228 | €667 | €3,932 | €3,645 | ▼ 7.3% |
| Other amounts payable47/48 | €80,769 | €5,725 | €5,625 | €3,359 | €807 | ▼ 76.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €404 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€86 | €138,691 | €2,717 | €1,356 | €3,840 | ▲ 183% |
| + Depreciation and write-downs630 | €12,064 | €6,575 | €6,575 | €6,575 | €6,575 | = |
| Operating cash flow (approximation) | €11,978 | €145,265 | €9,292 | €7,931 | €10,415 | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | €152,934 | €0 | €0 | €0 | - |
| Change in cash | - | €273,228 | €3,846 | €13,953 | €5,608 | ▼ 59.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 121 days late
2022
31-12
Financial
Back to profitnet €138,691
Net result €138,691 after one loss-making year.
31-12
Financial
Liquidity times 52current ratio 40.58
Current ratio from 0.79 to 40.58; short-term debt falls from €83,356 to €8,312.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
01-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 93 days late
2020
31-12
Financial
Equity above €200,000Eq €202,772 ▲1.6%
2 profitable years in a row build equity to €202,772.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €10,685
Net result €10,685 after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
17-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Tielt-Winge · 1 establishment unit since 1996
Ground area
1,565 m²
Building footprint
180 m²
Volume, LiDAR
995 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Waversesteenweg 61, 3370 Boutersem
since 19962.076.612.127
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24714A0136/00R000 | Flanders | 897 m² | 1 · 180 m² | 7.4 m · 2 fl. |
| 24101B0160/00B002 | Flanders | 668 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 384 EUR awarded · 600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 113 EUR | 113 EUR |
| 2023 | 1 | 95 EUR | 311 EUR |
Similar companies · same sector, comparable size
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BEST IMMO NORD SUD
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Jette · Eq €351,256
Mundo Louvain-la-Neuve
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BRIOT IMMO
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Visé · Eq €343,975
Of 1,530 companies in sector 68322 we hold annual accounts for 745. 501 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 (pre-2019)
Founded08-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
71122Land surveying
Contact
E-mail
LV@cfa.be
Phone
+32 495 521020
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457922251
Also
9925:BE0457922251
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.