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in Fine properties

Active
Public limited company· 19 yrs active
Terhulpsesteenweg 177 ·1170 Watermaal-Bosvoorde, Belgium
KBO/BCE: BE 0887.008.382
Watch Print / PDF
Age19 yrs
Board2
Connections13
Real estate1 parcel · 5,127 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of in Fine properties is 2.5% (moderate). The 2025 annual accounts show negative equity (€-296k) and a net result of €-39k. Equity is shrinking by ~11.9% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.5% Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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.
The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
30-06-2025 31-01-2026 02-02-2026 2 d late 2026-00025741
30-06-2024 31-01-2025 11-02-2025 11 d late 2025-00032598
30-06-2023 31-01-2024 11-12-2023 51 d early 2023-00525402
30-06-2022 31-01-2023 23-02-2023 23 d late 2023-00030404
30-06-2021 31-01-2022 31-01-2022 on the day 2022-02900142
30-06-2020 31-01-2021 09-02-2021 9 d late 2021-05100076
30-06-2019 31-01-2020 31-01-2020 on the day 2020-03200006
30-06-2018 31-01-2019 18-01-2019 13 d early 2019-01600419
30-06-2017 31-01-2018 19-12-2017 43 d early 2017-72100246
30-06-2016 31-01-2017 31-01-2017 on the day 2017-02600594

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-39k+21.4%
Working capital€-288k-4.8%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 02-02-2026 with the NBB · fiscal year 2025 · micro
€-300k€-200k€-100k€0Operating result 2021: €-19k€-19kNet result 2021: €-241k€-241kOperating result 2022: €-15k€-15kNet result 2022: €-15k€-15kOperating result 2023: €-12k€-12kNet result 2023: €-12k€-12kOperating result 2024: €-50k€-50kNet result 2024: €-50k€-50kOperating result 2025: €-39k€-39kNet result 2025: €-39k€-39k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~11.9%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-400k€-300k€-200k€-100k2026: €-299k (€-322k - €-275k)2027: €-322k (€-345k - €-298k)2028: €-345k (€-368k - €-321k)2019: €-141k2020: €-160k2021: €-179k2022: €-194k2023: €-207k2024: €-257k2025: €-296k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€-13k
+43.7% 19-25
Net profit
€-39k
+21.4% 19-25
Cash flow
€-13k
+43.4% 19-25
Total assets
€114k
-34.1% 19-25
Equity
€-296k
-15.3% 19-25
Working capital
€-288k
-4.8% 19-25
Income taxes
€0
- 19-25
Debt
€410k
-4.6% 19-25
Debt ≤ 1y
€289k
-6.3% 19-25
Debt > 1y
€120k
0.0% 19-25
Current ratio
0.01
-94.6% 19-25
Quick ratio
0.01
-94.6% 19-25
Solvency
-259.6%
-74.9% 19-25
Debt / equity
-1.39
+17.2% 19-25
ROE
13.3%
-31.8% 19-25
ROA
-34.5%
-19.2% 19-25
Interest coverage
-94.85
+50.2% 19-25
Figures by fiscal year
Fiscal year2025
Depositmicro
Revenue-
EBITDA€-13k
Net profit€-39k
Cash flow€-13k
Staff costs-
Income taxes-
Dividends-
Total assets€114k
Equity€-296k
Debt€410k
of which ≤ 1y€289k
of which > 1y€120k
Working capital€-288k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.01
Quick ratio0.01
Working capital ratio-252.4%
Solvency-259.6%
Debt / equity-1.39
Long-term debt ratio-0.40
Interest coverage-94.85
Gross margin-
Net margin-
ROA-34.5%
ROE13.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€114k
Fixed assets 21/28€112k
Tangible fixed assets 22/27€112k
Current assets 29/58€2k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€114k
Equity 10/15€-296k
Contributions / capital 10/11€62k
Accumulated profits (losses) 14€-358k
Amounts payable 17/49€410k
Amounts payable after one year 17€120k
Amounts payable within one year 42/48€289k
Trade debts payable within one year 44€8k
Income statement
Gross operating margin 9900€-8k
Operating result 9901€-39k
Financial income 75€1
Financial charges 65€137
Result before taxes 9903€-39k
Net result for the period 9904€-39k
Result to be appropriated 9905€-39k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
15 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • Didier Unglik
    Director
    State Gazette act 24012629 (19-01-2024)
    Current
    11-01-2018 → present
    4 events
    • 19-01-2024 Mandate renewed· Director
    • 19-01-2024 Appointed· Managing director
    • 11-01-2018 Mandate renewed· Director
    • 11-01-2018 Appointed· Managing director
  • Leila Othman
    Director
    State Gazette act 24012629 (19-01-2024)
    Current
    11-01-2018 → present
    2 events
    • 19-01-2024 Mandate renewed· Director
    • 11-01-2018 Mandate renewed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary -
Legal form Public limited company(014)
Incorporation05-02-2007
StatusActive
Postal code1170

Structure & network

Connections & network

13 connected companies
AURE, Shared address AAUREB.C.D. & FILS, Shared address B&B.C.D. & FILSBelgian Burnsurvivors Association, Shared address BBBelgianBurnsurv…ationCB PARTNERS BELGIUM, Shared address CPCB PARTNERSBELGIUMCOMPTANET, Shared address CCOMPTANETEVERNEX BELGIUM, Shared address EBEVERNEXBELGIUMLEOCEL, Shared address LLEOCELMINA, Shared address MMINAPAMOJA, Shared address PPAMOJARENO FACILITIES, Shared address RFRENOFACILITIESRESIDE ETUDES BELGIUM, Shared address RERESIDE ETUDESBELGIUMSOGECONDROZ, Shared address SSOGECONDROZTKO GROUP, Shared address TGTKO GROUPin Fine properties in Fineproperties0887.008.382
Shared address / shareholder
Network connections
AURE
Shared address
→
B.C.D. & FILS
Shared address
→
CB PARTNERS BELGIUM
Shared address
→
COMPTANET
Shared address
→
EVERNEX BELGIUM
Shared address
→
LEOCEL
Shared address
→
MINA
Shared address
→
PAMOJA
Shared address
→
RENO FACILITIES
Shared address
→
RESIDE ETUDES BELGIUM
Shared address
→
SOGECONDROZ
Shared address
→
TKO GROUP
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Terhulpsesteenweg 1771170 Watermaal-Bosvoorde
Parcels1
Ground area5,127 m²
Buildings1
Building footprint1,510 m²
Volume (LiDAR)23,163 m³
Tallest building36.3 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0039/00H003 Brussels 5,127 m² 1 · 1,510 m² 36.3 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

4 acts
Address history · 1
01-08-2019
v3.2
All acts · 4 updated 2 months ago
2026
04-06-2026 General meeting · Incorporation · Auditor report · Dissolution Open-capture extraction
  • Filing: 2026-05-28 · IN FINE PROPERTIES
  • Publication: 2026-06-04 · IN FINE PROPERTIES
  • General meeting: date: 2026-05-05, type: assemblée générale extraordinaire, notary: Adrien Navez, location: Walhain · IN FINE PROPERTIES
  • Incorporation: date: 2007-01-29, notary: Mathieu Derynck, location: Bruxelles, publication_date: 2007-02-13, publication_number: 0025373 · IN FINE PROPERTIES
  • Auditor report: date: 2026-04-27, balance_sheet_date: 2026-03-31 · IN FINE PROPERTIES
  • Dissolution: date: 2026-05-05, type: dissolution anticipée · IN FINE PROPERTIES
  • Liquidation: date: 2026-05-05 · IN FINE PROPERTIES
  • Officer discharge: date: 2026-05-05, role: administrateurs · IN FINE PROPERTIES
  • Officer resignation: date: 2026-05-05, role: administrateurs · IN FINE PROPERTIES
  • Power of attorney: date: 2026-05-05, purpose: exécution des résolutions, accomplissement de démarches, comparution pour actes rectificatifs, granted_to: administrateurs de la société, agissant ensemble ou séparément · IN FINE PROPERTIES
  • Power of attorney: date: 2026-05-05, purpose: formalités juridiques et administratives requises pour la mise en œuvre des résolutions, granted_to: notaire soussigné et à tous ses collaborateurs · IN FINE PROPERTIES
  • Real estate declaration · IN FINE PROPERTIES
  • Share distribution: date: 2026-05-05, description: Les actionnaires... sont investis de tout l'avoir actif de la société dont ils acceptent expressément de recueillir les biens, proportionnellement à leur participation dans le capital de la société. · IN FINE PROPERTIES
  • Act object: Dissolution-liquidation en un acte
Summary: General meeting · Incorporation · Auditor report · Dissolution
2024
19-01-2024 1 director appointed, 2 reappointed Director changes
  • Didier Unglik, Gedelegeerd bestuurder
  • Leila Othman, Bestuurder
  • Didier Unglik, Bestuurder
Summary: v3.2
2019
01-08-2019 Registered office moved within Bruxelles Registered-office change
  • Drève du Prieuré 19, 1160 Bruxelles → Chaussée de la Hulpe 177, 1170 Bruxelles
Summary: v3.2
2018
11-01-2018 1 director appointed, 2 reappointed Director changes
  • Didier Unglik, Gedelegeerd bestuurder
  • Leila Othman, Bestuurder
  • Didier Unglik, Bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health15Profitability66Solvency33Growth58Stability100
54 / 100

Mixed profile: strong on stability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 15
Profitability 66
Solvency 33
Growth 58
Stability 100

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Credit advice

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Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR in Fine properties
Registered office
Terhulpsesteenweg 177 bus 20
1170 Watermaal-Bosvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.