Equity
€2.3m ▲ 4.0%
KAPHIVER has made a profit without a break since 2008.
KAPHIVER
Lifetime
19 annual accounts with figures on one time axis, 39 filings since 1986peak €466,572 (2023)
€268,900▼ 40.1%
lowest -€11,021 (2007)
€88,661▼ 60.4%
peak €2.3m (2025)
€2.3m▲ 4.0%
€190,415▼ 2.1%
Board4 names since 2018
3 directors and 2 others
Documentsfilings and deeds
11-12-202551 days before the deadline
2025micro format
Gross margin from €449,186 to €268,900Result from €223,724 to €88,661Cash from €288,135 to €439,871
Key points
from the 2025 annual accountsResult
€88,661 ▼ 60.4%
The result fell in 2025: the 2024 profit included a one-off income of €211,061.
Turnover
≈ €310,000 estimated
The accounts state no turnover.
Liquidity
2.49 was 1.58 in 2024
Short-term debts fell from €187,915 to €184,733.
Filings
39 annual accounts since 1986
The 2017 accounts came 9 days late. The other nine of the last ten were filed on time.
Position in the sector
€2.3m
More equity than 95% of companies in real estate. Sector median €86,453 · 19,850 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 14,768 companies had the same profile as KAPHIVER has now. Each dot stands for 37 companies, two years later.
96.1%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 14,768 companies, not a prediction for KAPHIVER. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Demerger proposal: Kaphiver splits off to JUROB
Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0427219672
3 directors reappointed
(managing director), and · General meeting of 29-11-2024 · Gazette deed
Resignation: (director)
Appointment: (director) · Board meeting of 04-11-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KAPHIVER Kortrijk | €2.6m | €268,900 | 87.0% | - |
| DEKIMMAR Diksmuide | €2.9m | €277,574 | 22.3% | 0 |
| DE BEAUVOORDER PATE Veurne | €3.1m | €227,634 | 79.7% | 0 |
| De Molen Heusden-Zolder | €2.6m | €282,006 | 42.2% | 0 |
| IMMO C. L. Aarschot | €2.4m | €287,669 | 36.3% | - |
| IMMO RITTWEGER Molenbeek-Saint-Jean | €2.4m | €309,472 | 56.3% | 1 |
| IMMO VERBIEST Antwerp | €3.0m | €238,589 | 20.8% | - |
These companies have the same main activity as KAPHIVER: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2.4m and €3.1m, founded between 1982 and 1989.
Official details
Source: KBO- Status
- Active since 05-04-1985Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.283.754.7368500 Kortrijk, since 05-04-1985
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- €2.6m▲ 3.2%
- Filing
- Filed on 11-12-2025, 51 days before the end of the filing period
Insights on KAPHIVER
KAPHIVER files the micro format. That format states no turnover. The gross margin rose from €193,375 in 2007 to €268,900 in 2025.
The balance sheet grew most from 2022 to 2023 through fixed assets.
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 KAPHIVER
- What is the company number of KAPHIVER?
- The company number of KAPHIVER is 0427.219.672. The VAT number is the same number with BE in front: BE 0427.219.672.
- Where is KAPHIVER based?
- The registered office is at Plataanlaan 14, 8500 Kortrijk.Company details
- What does KAPHIVER do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of KAPHIVER?
- KAPHIVER is a public limited company (NV).
- When was KAPHIVER founded?
- KAPHIVER was founded on 05-04-1985.
- Is KAPHIVER still active?
- Yes, KAPHIVER is an active enterprise in the KBO register.
- What is the turnover of KAPHIVER?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €268,900 and 44 comparable companies (NACE 68201). It probably lies between €270,000 and €350,000.Financials
- Is KAPHIVER profitable?
- In financial year 2025, KAPHIVER made a profit of €88,661.
- Where can I find the annual accounts of KAPHIVER?
- KAPHIVER filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KAPHIVER due?
- KAPHIVER must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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