Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Green is investment, beige is depreciation.
The 2023 accounts came latest: 61 days after the end of the period.
Lower solvency than 95% of companies in real estate. Sector median 28.9% · 17,199 companies.
In July 2024, 6,008 companies had the same profile as HomeNess has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 6,008 companies, not a prediction for HomeNess. 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.
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| Company | ||||
|---|---|---|---|---|
| HomeNess Les Bons Villers | €2,981 | -€9,824 | -676.8% | - |
| 93 BIS Ixelles | €2,899 | -€3,149 | -105.2% | - |
| E.T.A. INVEST Liège | €3,546 | -€15,680 | -527.5% | - |
| S&S Projects Peer | €3,467 | -€61,215 | -1971.5% | - |
| ROCK Antwerp | €3,126 | -€19,047 | -339.4% | - |
| MIA PROJECTS Mortsel | €2,319 | -€20,360 | -5939.8% | - |
| KAIROS PROPERTY DEVELOPMENT Nivelles | €2,574 | €0 | 35.0% | - |
These companies have the same main activity as HomeNess: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2,320 and €3,550, founded between 2020 and 2022.
HomeNess files the micro format. That format states no turnover. The gross margin fell from -€8,200 in 2021 to -€9,824 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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