Turnover
≈ €490,000 estimated
The accounts state no turnover.
JOSEPHII12
Part of the group
ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT
49 companies in 2 countries
See the group
Lifetime
8 annual accounts with figures on one time axis, 9 filings since 2017peak €1.7m (2022)
€276,742▲ 33.4%
lowest -€676,673 (2019)
€58,534▼ 1.4%
peak €10.5m (2025)
€10.5m▲ 0.6%
€15.6m▲ 19.7%
Board16 names since 2019all names
4 directorsHLSC and 3 others
Owners2 names in the annual accounts
Documentsfilings and deeds
11-05-202681 days before the deadline
2025abbreviated format
Gross margin from €207,384 to €276,742Debts from €13.0m to €15.6mCash from €59,485 to €9,532
Key points
from the 2025 annual accountsLiquidity
0.22 was 5.99 in 2024
Short-term debts rose from €3.9m to €15.5m.
Filings
9 annual accounts since 2017
The last five annual accounts were filed 79 to 89 days before the end of the period.
At the same address
48 companies
Board
1 left
A director left. Latest change 29-10-2026 · 4 in office.
Position in the sector
€10.5m
More equity than 95% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
85
Excellent
Financially stronger than 42% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.2 percentage points vs 05-2026highest value
07-2026: 0.3%● unchanged vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.22, cash €9,532, halved
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €26.1m
Figures for financial year 2025 (filed on 12-05-2026)
Calculation
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 68, medium-sized). It does better than 62% of them on solvency, 15% on liquidity, 42% on profitability and 47% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 722 companies had the same profile as JOSEPHII12 has now. Each dot stands for 2 companies, two years later.
95.3%
were still trading
4.2%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of JOSEPHII12 itself: 0.3% within 12 months.
Test of the method
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 722 companies, not a prediction for JOSEPHII12. 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.
Credit verdict
Credit of up to €850,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.22 (5.99 in 2024), below 1. Short-term debt is 59.7% and cash 0% of total assets. 59.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
81 days early
2024
83 days early
2023
89 days early
2022
87 days early
2021
79 days early
2020
40 days early
2019
74 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 76 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT 100%score 91equity €272.7m (2025) · annual accounts 2025
Recent changes
4 directors appointed, 1 statutory auditor appointed, 1 resignation
Appointments: Real Value Management BV, HLSC BV, T-Lex BV, Deloitte Bedrijfsrevisoren BV (statutory auditor) and Ninja Club BV · Permanent representatives: Rikkert Leeman, Henk Cardon, Thomas Osselaer and Alexandre Huyghe · Resignation: Real Value Management BV · General meeting of 07-05-2026 · Gazette deed
1 director appointed, 1 statutory auditor reappointed
Appointment: Urbino BV · Permanent representative: Sven De Bondt · Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor) · General meeting of 04-05-2023 · Gazette deed
Registered office moved from Brussels to Ghent
New registered office: Foreestelaan 86 bus 201, 9000 Gent · Previous registered office: Montoyerstraat 10, 1000 Brussel · Resignations: LINKER Irmgard, Artemis SC BV, SÜB Heiko, KRAUBE Stefan, DE CLERCQ Johan and PwC Bedrijfsrevisoren BV (statutory auditor) · General meeting of 08-12-2020 · Gazette deed
Reappointment: PwC Bedrijfrevisoren (statutory auditor)
General meeting of 12-05-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| JOSEPHII12 Ghent | €26.1m | €276,742 | 40.3% | - |
| DV REAL ESTATE Lochristi | €20.0m | €375,365 | 4.0% | 0 |
| THE WHITE MONKEY Anzegem | €30.0m | €220,926 | 82.8% | - |
| NELSON OPERATION Sint-Gillis (bij-Brussel) | €20.4m | €439,402 | 34.7% | - |
| RT-COMPANY Knokke-Heist | €18.4m | €233,221 | 0.6% | 1 |
| WONINGEN FINIBO Antwerp | €17.5m | €185,614 | -6.3% | - |
| VIMAVI Sint-Martens-Latem | €24.8m | €305,031 | 84.4% | 2.9 |
These companies have the same main activity as JOSEPHII12: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €18m and €30m, founded between 2011 and 2018.
Official details
Source: KBO- Status
- Active since 03-03-2017Normal situation
- Registered office
- 49 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.262.324.7631000 Brussels, since 03-03-2017
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €26.1m▲ 11.2%
- Filing
- Filed on 11-05-2026, 81 days before the end of the filing period
Insights on JOSEPHII12
JOSEPHII12 files the abbreviated format. That format states no turnover. The gross margin fell from €693,419 in 2020 to €276,742 in 2025.
ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about JOSEPHII12
- What is the company number of JOSEPHII12?
- The company number of JOSEPHII12 is 0672.387.172. The VAT number is the same number with BE in front: BE 0672.387.172.
- Where is JOSEPHII12 based?
- The registered office is at Foreestelaan 86, 9000 Ghent.Company details
- What does JOSEPHII12 do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of JOSEPHII12?
- JOSEPHII12 is a public limited company (NV).
- When was JOSEPHII12 founded?
- JOSEPHII12 was founded on 03-03-2017.
- Is JOSEPHII12 still active?
- Yes, JOSEPHII12 is an active enterprise in the KBO register.
- What is the turnover of JOSEPHII12?
- The turnover in financial year 2025 is ≈ €490,000. This figure is estimated from the gross margin of €276,742 and 40 comparable companies (NACE 681). It probably lies between €370,000 and €800,000. In financial year 2019 turnover was €670,232.Financials
- Is JOSEPHII12 profitable?
- In financial year 2025, JOSEPHII12 made a profit of €58,534.
- Where can I find the annual accounts of JOSEPHII12?
- JOSEPHII12 filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of JOSEPHII12 due?
- JOSEPHII12 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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