Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of INTERVEST CHARLEROI is 0.6% (low). The 2025 annual accounts show negative equity (€-144k) and a net result of €-482k. Equity is shrinking by ~79.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 545 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.6%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Lower-risk legal form
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative 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-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. 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 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 18-05-2026 | 74 d early | 2026-00115969 |
| 31-12-2024 | 31-07-2025 | 23-06-2025 | 38 d early | 2025-00176976 |
| 31-12-2023 | 31-07-2024 | 25-07-2024 | 6 d early | 2024-00323960 |
| 31-12-2022 | 31-07-2023 | 14-06-2023 | 47 d early | 2023-00141118 |
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 signalsMore than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
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€-482k+46.3%
Working capital€11.48M
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 18-05-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~79.3%/year over 4 fiscal years, indicative, assuming unchanged policy.
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).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.3% | 16.2% | |
| Net result | €-482k | €6k | |
| Equity | €-144k | €162k | |
| Gross operating margin | €3.94M | €77k | |
| Total assets | €56.58M | €1.38M |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P19
Weakening position over 2022-2025
· n=545-1707
P5
Weakening position over 2022-2025
· n=545-1703
P9
Weakening position over 2022-2025
· n=545-1707
P95
Improving position over 2022-2025
· n=544-1704
Describes the position versus peers, not a forecast.
€3.94M
-
22-25
€-482k
+46.3%
22-25
€1.75M
-
22-25
€56.58M
+29.8%
22-25
€-144k
+83.3%
22-25
€11.48M
-
22-25
€56.72M
+27.6%
22-25
€884k
-95.7%
22-25
Show 8 other metrics
€55.49M
+132.5%
22-25
14.00
+11470.4%
22-25
14.00
+11470.4%
22-25
-0.3%
+87.1%
22-25
-394.04
-663.9%
22-25
335.1%
+221.6%
22-25
-0.9%
+58.6%
22-25
1.80
-
22-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €3.94M |
| Net profit | €-482k |
| Cash flow | €1.75M |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €56.58M |
| Equity | €-144k |
| Debt | €56.72M |
| of which ≤ 1y | €884k |
| of which > 1y | €55.49M |
| Working capital | €11.48M |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 14.00 |
| Quick ratio | 14.00 |
| Working capital ratio | 20.3% |
| Solvency | -0.3% |
| Debt / equity | -394.04 |
| Long-term debt ratio | -385.51 |
| Interest coverage | 1.80 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.9% |
| ROE | 335.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €56.58M |
| Fixed assets | 21/28 | €44.21M |
| Tangible fixed assets | 22/27 | €44.21M |
| Current assets | 29/58 | €12.37M |
| Amounts receivable within one year | 40/41 | €1.32M |
| Cash & bank | 54/58 | €6.66M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €56.58M |
| Equity | 10/15 | €-144k |
| Contributions / capital | 10/11 | €1.26M |
| Accumulated profits (losses) | 14 | €-1.41M |
| Amounts payable | 17/49 | €56.72M |
| Amounts payable after one year | 17 | €55.49M |
| Amounts payable within one year | 42/48 | €884k |
| Trade debts payable within one year | 44 | €614k |
| Income statement | ||
| Gross operating margin | 9900 | €3.94M |
| Operating result | 9901 | €1.71M |
| Financial charges | 65 | €2.19M |
| Result before taxes | 9903 | €-482k |
| Net result for the period | 9904 | €-482k |
| Result to be appropriated | 9905 | €-482k |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed61
/ 100
Healthy
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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
under verification6 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Directors derived from a single State Gazette act, under verification
All 4 current directors first appear in the same act (25348254). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
Fennec mgmtLegal entityDirector· perm. rep.: GORSELE JoëlState Gazette act 25348254 (31-07-2025)Current11-07-2025 → present
-
KADEGE CONSULTLegal entityDirector· perm. rep.: DE GREEF Kevin Lieven RenéState Gazette act 25348254 (31-07-2025)Current11-07-2025 → present
-
LNC ManagementLegal entityDirector· perm. rep.: SELIS EllenState Gazette act 25348254 (31-07-2025)Current11-07-2025 → present
-
Maverick MgmtLegal entityDirector· perm. rep.: RAES Kevin Achiel Marie-LouiseState Gazette act 25348254 (31-07-2025)Current11-07-2025 → present
Former directors (2)
-
ALFA ADVISORYLegal entityDirector· perm. rep.: Alain MeunierState Gazette act 25348254 (31-07-2025)Former- → 11-07-2025
-
YWAGLegal entityDirector· perm. rep.: Yves WeertsState Gazette act 25348254 (31-07-2025)Former- → 11-07-2025
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 | Ontwikkeling van residentiële bouwprojecten(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 25-02-2022 |
| Status | Active |
| Postal code | 2600 |
Structure & network
Connections & network
39 connected companies12 further connections in this company's network. Available in Kantoor S.
See plans →Network connections
Shared address
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Shared address
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Shared address
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Shared address
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Show 2 more network connections
Shared address
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Shared address
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33 further connected companies in this network. Available in Kantoor S.
See plans →
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationIntervest Charleroi
since 20222.328.250.220
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.0 ha
Buildings1
Building footprint1,240 m²
Volume (LiDAR)22,257 m³
Tallest building23.3 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0289/00S000 | Flanders | 1.0 ha | 1 · 1,240 m² | 23.3 m · 6 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
7 acts Capital history · 1
27-06-2025
v3.2
Address history · 2
05-01-2026
v3.2
17-05-2023
v3.2
All acts · 7
updated 7 months ago
2026
05-01-2026 Registered office moved from Antwerpen-Berchem to Antwerpen
- Uitbreidingstraat 66, 2600 Antwerpen-Berchem → Roderveldlaan 3, 2600 Antwerpen
Summary:
v3.2
2025
05-12-2025 1 director appointed, 1 resigning
- KPMG bedrijfsrevisoren bv, Commissaris
- BDO Bedrijfsrevisoren bv, Commissaris
Summary:
v3.2
31-07-2025 Articles of association amended
Summary:
v3.2
27-06-2025 Capital increase of €1,200,000 to €1,261,500
2024
09-04-2024 Publication in the Belgian Official Gazette, Minor change
Summary:
Officer designation
2023
17-05-2023 Registered office moved from Voeren to Tongeren
2022
01-03-2022 Incorporation of a new NV
Summary:
oprichting
Analysis
Financial profile
5 of 5 axes measured71
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
61
Profitability
100
Solvency
67
Growth
32
Stability
94
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 2,022 of the 9,649 companies in this sector. 1,526 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Ontwikkeling van niet-residentiële bouwprojecten68122Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van sociale woningen68202Verhuur en exploitatie van sociale woningen68202Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
| Legal nameNL | INTERVEST CHARLEROI |
Registered office
Roderveldlaan 3
2600 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.