Filings
The last five annual accounts were filed 39 to 45 days before the end of the period.
The last five annual accounts were filed 39 to 45 days before the end of the period.
Directors left. Latest change 03-07-2026 · 0 in office.
More equity than 92% of companies in civil engineering. Sector median €54,898 · 1,261 companies.
The dashed line is the sector median: 0.8% across 1,865 companies (NACE 42, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 42, micro). It does better than 49% of them on solvency, 32% on liquidity, 43% on profitability and 50% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
In July 2024, 14,766 companies had the same profile as IMMO BUNDERVOET has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMMO BUNDERVOET itself is higher: 1.1% within 12 months. It rests on far more data about IMMO BUNDERVOET than the profile alone.
The method was tested on the 497,447 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 14,766 companies, not a prediction for IMMO BUNDERVOET. 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.
Liquidity is insufficient, with a current ratio of 0.07 (0.1 in 2024), below 1. Short-term debt is 27.6% and cash 0.3% of total assets. 56.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 43 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| IMMO BUNDERVOET Wichelen | €726,782 | €81,828 | 43.7% | - |
| GLENN VERSCHOREN Heist-op-den-Berg | €819,856 | €84,620 | 20.1% | - |
| VAN DIEVOORT A. Kalmthout | €686,566 | €71,601 | 92.6% | - |
| Domein den buiten Sint-Niklaas | €521,107 | €71,350 | 21.7% | - |
| Vandersnickt Roy Berlare | €520,015 | €125,458 | 21.3% | - |
| ETS. POTIEZ Saint-Ghislain | €885,971 | €75,762 | 36.7% | 3.3 |
| R EN S WEGENBOUW Beerse | €516,456 | €119,166 | 56.1% | 2.1 |
These companies have the same main activity as IMMO BUNDERVOET: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €516,000 and €886,000, founded between 1988 and 2000.
IMMO BUNDERVOET files the micro format. That format states no turnover. The gross margin rose from €55,021 in 2007 to €81,828 in 2025.
The balance sheet grew most from 2012 to 2013 through fixed assets, financed with long-term debt.
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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