Financials
- Fiscal year
- 2024
- Total assets
- €987,017
- Profit
- €58,349
- Solvency
- 13.0%
Total assets▲ 12.1%
Net result
20222024
Houvast Estates
ActiveSummary
The computed 12-month bankruptcy probability of Houvast Estates is 3.4% (moderate). The 2024 annual accounts show equity of €127,836 and a net result of €58,349. Equity is growing by ~43.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 19384 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Real estate agency activities
NACE 68310NACE 68311
1 site
Size
€987,017total assets 2024
- Staff
- 1.3 FTE
- Equity
- €127,836
- Profit
- €58,349
Turnover not published (abridged schema)
Structure
Accounts 66 d overdue0 of 3 deeds read
Why 50- Liquidity: current ratio 1.55, cash €45- Figures for FY 2024 (filed 10-09-2025)- 1 financial year not filed after the legal deadline; latest accounts 40 days late; 1 of the last 3 late+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2024
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 55% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Average
Solvency
38+5
equity 13.0% of total assets
Liquidity
50=
short-term debt 8.4% · cash 0.0%
Profitability
58+24
return on assets 5.9%
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.0%
12-2024: 1.0%▼ -1.2% vs 11-2024
01-2025: 1.0%● 0.0% vs 12-2024
02-2025: 1.0%● 0.0% vs 01-2025
03-2025: 1.0%▼ -2.2% vs 02-2025
04-2025: 0.9%▼ -13.8% vs 03-2025
05-2025: 0.9%▲ +2.4% vs 04-2025
06-2025: 0.9%▼ -2.4% vs 05-2025
07-2025: 0.9%▼ -0.1% vs 06-2025lowest value
08-2025: 1.3%▲ +49.3% vs 07-2025
09-2025: 1.6%▲ +24.8% vs 08-2025
10-2025: 1.3%▼ -22.3% vs 09-2025
11-2025: 1.3%● 0.0% vs 10-2025
12-2025: 1.3%▲ +2.6% vs 11-2025
01-2026: 1.3%▲ +3.3% vs 12-2025
02-2026: 1.3%● 0.0% vs 01-2026
03-2026: 1.3%● 0.0% vs 02-2026
04-2026: 1.3%▼ -2.2% vs 03-2026
05-2026: 1.3%▲ +1.0% vs 04-2026
06-2026: 1.3%▼ -1.4% vs 05-2026
07-2026: 1.3%▼ -2.1% vs 06-2026
08-2026: 1.8%▲ +40.8% vs 07-2026
09-2026: 2.2%▲ +22.0% vs 08-2026
10-2026: 3.4%▲ +56.6% vs 09-2026highest value
- Liquidity: current ratio 1.55, cash €45 raises the probability
- Figures for FY 2024 (filed 10-09-2025) raises the probability
- 1 financial year not filed after the legal deadline; latest accounts 40 days late; 1 of the last 3 late raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.55 against 0.11 in 2023; short-term debt: 8.4% and cash: 0% of total assets), but 87% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 34%, liquidity 50%, profitability 47%, growth against the median 90%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
40 d late
2023
22 d early
2022
61 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 14 days before 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 (1)
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2022net €58,349 ▲2,284%
- Liquidity times 14current ratio 1.55
Key points
By topic
Timeline
- Events
- 7
- Since
- 2023
- 09-09-2025Annual accounts filed
- 31-12-2024Highest result since 2022
- 31-12-2024Liquidity times 14
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Real estate agency activitiesNACE 68310
- Founded
- 28-07-2021
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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