Summary
KREST 2 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7.8m and a net result of €4.0m. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 39% of 2444 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-11-2025, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
45 d early
2023
44 d early
2022
75 d early
2021
48 d early
2020
82 d early
2019
67 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 61 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 14 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?KREST REAL ESTATE INVESTMENTS · 6 companies What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, full schema
Equity
€7.8m▲ 2.6%
2024 · €7.6m
Net result
€4.0m
2024 · -€51,822
Total assets
€16.3m▲ 30.8%
2024 · €12.5m
Solvency
47.8%▼ 13.1pp
2024 · 60.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€331,116
Operating result€39,218▼ 20.3%€53,893▲ 37.4%€41,706▼ 22.6%-€133,516-€271,353▼ 103%
Net result-€1,821below the sector's middle half€16,037within the sector's middle half€4,307within the sector's middle half▼ 73.1%-€51,822below the sector's middle half€4.0mabove the sector's middle half
Equity€7.6mwithin the sector's middle half=€7.6mwithin the sector's middle half▲ 0.2%€7.6mabove the sector's middle half▲ 0.1%€7.6mwithin the sector's middle half▼ 0.7%€7.8mwithin the sector's middle half▲ 2.6%
Total assets€17.6mwithin the sector's middle half▼ 3.0%€17.2mwithin the sector's middle half▼ 2.5%€14.2mabove the sector's middle half▼ 17.3%€12.5mwithin the sector's middle half▼ 12.2%€16.3mwithin the sector's middle half▲ 30.8%
Debt€10.0m▼ 5.1%€9.5m▼ 4.6%€6.6m▼ 31.3%€4.9m▼ 25.6%€8.5m▲ 74.7%
Working capital€5.3mabove the sector's middle half▼ 0.3%€5.1mabove the sector's middle half▼ 2.3%€2.6mabove the sector's middle half▼ 49.1%€1.3mwithin the sector's middle half▼ 49.1%€2.8mabove the sector's middle half▲ 111%
Solvency43.3%within the sector's middle half▲ 1.3pp44.5%within the sector's middle half▲ 1.2pp53.8%within the sector's middle half▲ 9.4pp60.9%within the sector's middle half▲ 7.1pp47.8%within the sector's middle half▼ 13.1pp
Current ratio12.13above the sector's middle half▲ 1.209.62above the sector's middle half▼ 2.515.89above the sector's middle half▼ 3.733.66above the sector's middle half▼ 2.231.65within the sector's middle half▼ 2.01
Return on assets (ROA)0.0%below the sector's middle half=0.1%within the sector's middle half▲ 0.1pp0.0%below the sector's middle half▼ 0.1pp-0.4%below the sector's middle half▼ 0.4pp24.6%above the sector's middle half▲ 25.0pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €271,353 in 2025 against €133,516 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.3m
Fixed assets
€9.2m ▼ 13.9%
Current assets
€7.1m ▲ 291%
Equity and liabilities €16.3m
Equity
€7.8m ▲ 2.6%
Debt
€8.5m ▲ 74.7%
Debt's share of the balance-sheet total rises from 39.1% to 52.2%. Equity and debt are higher.
Key figures and ratios
ROE
51.4%▲
2024 · -0.7%
Debt ≤ 1 year
€4.3m▲
2024 · €499,637
Debt > 1 year
€4.2m▼
2024 · €4.4m
Income taxes
-€8,327
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €360,708 | - |
| Turnover70 | - | - | - | - | €331,116 | - |
| Other operating income74 | - | - | - | - | €29,591 | - |
| Operating charges60/66A | - | - | - | - | €632,061 | - |
| Services and other goods61 | - | - | - | - | €112,405 | - |
| Remuneration, social security and pensions62 | - | €868 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €467,859 | €468,156 | €469,406 | €473,030 | €474,325 | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €595 | - |
| Other operating charges640/8 | - | €25,623 | €40,453 | €16,692 | €42,934 | ▲ 157% |
| Non-recurring operating charges66A | - | - | - | - | €1,802 | - |
| Gross operating margin9900 | €531,770 | €548,540 | €551,564 | €356,206 | - | - |
| Operating profit (loss)9901 | €39,218 | €53,893 | €41,706 | -€133,516 | -€271,353 | ▼ 103% |
| Financial income75/76B | - | €113,042 | €124,071 | €238,311 | €4.4m | ▲ 1,735% |
| Recurring financial income75 | €112,504 | €113,042 | €124,071 | €238,311 | €79,753 | ▼ 66.5% |
| Income from current assets751 | - | - | - | - | €79,753 | - |
| Non-recurring financial income76B | - | - | - | - | €4.3m | - |
| Financial charges65/66B | - | €146,431 | €160,035 | €156,617 | €105,337 | ▼ 32.7% |
| Recurring financial charges65 | €155,485 | €146,431 | €160,035 | €156,617 | €105,337 | ▼ 32.7% |
| Debt charges650 | - | - | - | - | €104,032 | - |
| Other financial charges652/9 | - | - | - | - | €1,305 | - |
| Profit (loss) for the period before taxes9903 | -€3,763 | €20,504 | €5,743 | -€51,822 | €4.0m | ▲ 7,814% |
| Income taxes67/77 | -€1,942 | €4,468 | €1,436 | - | -€8,327 | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €8,327 | - |
| Profit (loss) for the period9904 | -€1,821 | €16,037 | €4,307 | -€51,822 | €4.0m | ▲ 7,830% |
| Profit (loss) for the period to be appropriated9905 | -€1,821 | €16,037 | €4,307 | -€51,822 | €4.0m | ▲ 7,830% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17.6m | €17.2m | €14.2m | €12.5m | €16.3m | ▲ 30.8% |
| Fixed assets21/28 | €11.9m | €11.4m | €11.0m | €10.6m | €9.2m | ▼ 13.9% |
| Tangible fixed assets22/27 | €10.9m | €10.4m | €10.0m | €9.6m | €9.2m | ▼ 4.8% |
| Land and buildings22 | - | €10.4m | €10.0m | €9.6m | €9.2m | ▼ 4.8% |
| Plant, machinery and equipment23 | - | €3,541 | €3,180 | €9,166 | €8,138 | ▼ 11.2% |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | - | - |
| Current assets29/58 | €5.7m | €5.7m | €3.1m | €1.8m | €7.1m | ▲ 291% |
| Amounts receivable after more than one year29 | - | €5.3m | €3.0m | €1.6m | €1.6m | = |
| Other amounts receivable291 | - | €5.3m | €3.0m | €1.6m | €1.6m | = |
| Amounts receivable within one year40/41 | €125,454 | €67,885 | €25,742 | €108,395 | €31,418 | ▼ 71.0% |
| Trade receivables40 | - | €67,885 | €7,177 | €103,380 | €26,418 | ▼ 74.4% |
| Other amounts receivable41 | - | - | €18,564 | €5,015 | €5,000 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €200,062 | €262,443 | €89,525 | €92,467 | €5.5m | ▲ 5,799% |
| Deferred charges and accrued income490/1 | - | €50,175 | €30,278 | €51,510 | €82,698 | ▲ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17.6m | €17.2m | €14.2m | €12.5m | €16.3m | ▲ 30.8% |
| Equity10/15 | €7.6m | €7.6m | €7.6m | €7.6m | €7.8m | ▲ 2.6% |
| Contributions10/11 | €7.5m | €7.5m | €7.5m | €7.5m | €7.5m | = |
| Capital10 | - | €7.5m | €7.5m | €7.5m | €7.5m | = |
| Issued capital100 | - | €7.5m | €7.5m | €7.5m | €7.5m | = |
| Reserves13 | €9,837 | €9,837 | €10,137 | €10,137 | €210,428 | ▲ 1,976% |
| Non-distributable reserves130/1 | - | €9,837 | €10,137 | €10,137 | €210,428 | ▲ 1,976% |
| Legal reserve130 | - | €9,837 | €10,137 | €10,137 | €210,428 | ▲ 1,976% |
| Profit (loss) carried forward14 | €110,130 | €126,167 | €130,173 | €78,351 | €78,351 | = |
| Amounts payable17/49 | €10.0m | €9.5m | €6.6m | €4.9m | €8.5m | ▲ 74.7% |
| Amounts payable after more than one year17 | €9.5m | €8.9m | €6.0m | €4.4m | €4.2m | ▼ 4.5% |
| Financial debts170/4 | - | €5.2m | €4.9m | €4.4m | €3.9m | ▼ 11.3% |
| Credit institutions173 | - | - | - | - | €3.9m | - |
| Other amounts payable178/9 | - | €3.7m | €1.1m | - | €300,000 | - |
| Amounts payable within one year42/48 | €471,995 | €595,125 | €534,087 | €499,637 | €4.3m | ▲ 768% |
| Current portion of amounts payable after more than one year42 | - | €583,259 | €475,837 | €485,920 | €496,217 | ▲ 2.1% |
| Trade debts44 | €15,701 | €5,768 | €58,250 | €13,711 | €8,437 | ▼ 38.5% |
| Suppliers440/4 | - | €5,768 | €58,250 | €13,711 | €8,437 | ▼ 38.5% |
| Taxes, remuneration and social security45 | - | €6,097 | - | - | €24,739 | - |
| Taxes450/3 | - | €6,097 | - | - | €24,739 | - |
| Other amounts payable47/48 | - | - | - | €6 | €3.8m | ▲ 63,850,857% |
| Accrued charges and deferred income492/3 | - | €4,910 | €17,928 | €300 | €3,871 | ▲ 1,190% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,821 | €16,037 | €4,307 | -€51,822 | €4.0m | ▲ 7,830% |
| + Depreciation and write-downs630 | €467,859 | €468,156 | €469,406 | €473,030 | €474,325 | ▲ 0.3% |
| Operating cash flow (approximation) | €466,038 | €484,192 | €473,713 | €421,208 | €4.5m | ▲ 964% |
| Investment in fixed assets (approximation) | - | -€23,382 | -€71,112 | -€61,383 | €999,086 | ▲ 1,728% |
| Change in cash | - | €62,381 | -€172,918 | €2,942 | €5.4m | ▲ 182,174% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-06
State Gazette act
Capital & sharesCapital decrease · Statutes amendment · Capital6 facts ▸
State Gazette act
Capital & shares
Capital decrease · Statutes amendment · Capital6 facts ▸
- General meeting, 19-06-2026
- Capital decrease, €2.500.000
- Statutes amendment, 5
- Capital, €5.000.000
- Power of attorney
- Power of attorney, Sibylle FALLA (notaire soussigné)
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Back to profitnet €4.0m
Net result €4.0m after one loss-making year.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet -€51,822
Net result drops to -€51,822, the lowest in the series; recovery starts the following year.
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Back to profitnet €16,037
Net result €16,037 after one loss-making year.
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
08-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2012
Ground area
1,410 m²
Building footprint
1,363 m²
Volume, LiDAR
17,329 m³
Parcel 21807G0129/00W003, Brussels · tallest building 32.1 m, ±1 floor. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
KREST 2
since 20122.210.853.296
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0129/00W003 | Brussels | 1,410 m² | 1 · 1,363 m² | 32.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
KREST REAL ESTATE INVESTMENTS
6 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- KREST REAL ESTATE INVESTMENTS
- KREST 2
Highest known parent: KREST REAL ESTATE INVESTMENTS. The sources do not say who stands above it.
Owners 1
- 99.8%
Holdings 0
The accounts to 30-06-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2025 of KREST 2 and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 25-06-2026 Capital reduction of 2,500,000 EUR · to 5,000,000 EUR · “réduction du capital avec annulation d'actions”
Recognitions · licences · registrations
Legal Entity Identifier
549300EPYUWZXUIMMI63
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 6,797 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-2012
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846689739
Also
9925:BE0846689739
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.