FJORD REAL ESTATE DEVELOPMENT
ActiveSummary
FJORD REAL ESTATE DEVELOPMENT has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€10,116) and a net result of €11,924. Equity has been growing by about 15% per year since 2021. Its solvency ranks better than 13% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
Source: KBO- Status
- Active since 30-09-2020 Normal situation
- Registered office
- 42 active companies are registered at this address Source: KBO register, as of 4 November 2026.
- Activity
- Real estate agency activities NACE 68310and 4 others
- Joint committee
- 323 Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden · annual accounts 2025
- Establishment unit
- 2.313.102.976 8000 Brugge, since 01-02-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Michiel DemanDirector · since 01-03-2022
- Auditor
- B.V. FINVISION BEDRIJFSREVISOREN
- EXCELSIOR IC91%· score 682025 annual accounts of EXCELSIOR IC
- Las Brisas NVconsolidatesannual accounts 2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €77,883
- ▼ 49.6%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €11,924
- ▼ 82.0%
- Equity
- -€10,116
- ▲ 54.1%
- Total assets
- €231,825
- ▼ 72.2%
- Employees on 31-12-2025
- 2
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€10,116Profit of €11,924 (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed on 26-05-2026)Show the evidence
Checked score
About 1 in 100 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 16% of them on solvency, 37% on liquidity, 70% on profitability and 86% on growth.
The bankruptcy probability was computed on 03-11-2026 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 5 accounts on average 35 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)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€10,116 View
- Caution: Result fell in 2025from €66,262 to €11,924 ▼ 82.0% View
- Caution: Lower solvency than 86% of companies in real estatesector median 30.7% · 11,261 companies -4.4% View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
Recent changes
- · Gazette deed 3 directors resigningResignations: Nico Standaert (director) and A+ (director) · Permanent representatives: Mathieu Vancanneyt and Joachim DEBUCQUOY
- · Gazette deed Reappointment: B.V.Finvision Bedrijfsrevisoren (statutory auditor)Resignation: Louis Galle (director) · Permanent representative: Joachim Debucquoy
- · Gazette deed 2 directors appointed, 1 director resigningChange of role: Sea Side Investment Company, from efgh bestuurder to ab bestuurder · Appointment: Nico Standaert (efgh bestuurder) · Permanent representative: Aline Verbeke
Comparable companies
These companies have the same main activity as FJORD REAL ESTATE DEVELOPMENT: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €143,000 and €421,000, founded between 2018 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| FJORD REAL ESTATE DEVELOPMENT Brugge | €231,825 | €77,883 |
| OPTIMUS RENT Heusden-Zolder | €189,701 | €74,924 |
| KING REAL ESTATE Kortrijk | €421,366 | €92,863 |
| OPTIMUS VASTGOED Heusden-Zolder | €354,469 | €78,333 |
| Immo Palton De Kempen Ravels | €181,178 | €93,651 |
| COGIMMO MONS Tournai | €143,471 | €87,683 |
| FLUO Roeselare | €278,148 | €138,442 |
Key facts about FJORD REAL ESTATE DEVELOPMENT
- What is the company number of FJORD REAL ESTATE DEVELOPMENT?
- The company number of FJORD REAL ESTATE DEVELOPMENT is 0755.460.249. The VAT number is the same number with BE in front: BE 0755.460.249.
- Where is FJORD REAL ESTATE DEVELOPMENT based?
- The registered office is at Monnikenwerve 17-19, 8000 Brugge.Company details
- What does FJORD REAL ESTATE DEVELOPMENT do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of FJORD REAL ESTATE DEVELOPMENT?
- The legal form of FJORD REAL ESTATE DEVELOPMENT is Private limited company (BV).
- When was FJORD REAL ESTATE DEVELOPMENT founded?
- FJORD REAL ESTATE DEVELOPMENT was founded on 30-09-2020.
- Is FJORD REAL ESTATE DEVELOPMENT still active?
- Yes, FJORD REAL ESTATE DEVELOPMENT is an active enterprise in the KBO register.
- How many employees does FJORD REAL ESTATE DEVELOPMENT have?
- FJORD REAL ESTATE DEVELOPMENT had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does FJORD REAL ESTATE DEVELOPMENT fall under?
- In its 2025 annual accounts, FJORD REAL ESTATE DEVELOPMENT states joint committee 323 (Paritair Comité voor het beheer van gebouwen, de vastgoedmakelaars en de dienstboden).
- What is the turnover of FJORD REAL ESTATE DEVELOPMENT?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €77,883 and 32 comparable companies (NACE 683). It probably lies between €100,000 and €210,000.
- Is FJORD REAL ESTATE DEVELOPMENT profitable?
- In financial year 2025, FJORD REAL ESTATE DEVELOPMENT made a profit of €11,924.
- Where can I find the annual accounts of FJORD REAL ESTATE DEVELOPMENT?
- FJORD REAL ESTATE DEVELOPMENT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FJORD REAL ESTATE DEVELOPMENT due?
- FJORD REAL ESTATE DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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