Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Lower solvency than 95% of companies in real estate. Sector median 28.9% · 17,190 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 5% of them on solvency, 23% on liquidity, 95% on profitability and 25% 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).
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 77 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.
| Company | ||||
|---|---|---|---|---|
| LEAPS Brussels | €2,181 | €18,839 | -2152.0% | - |
| Waterloo 108 Waterloo | €4,961 | €34,966 | -5348.5% | - |
| Imagine Consult Auderghem | €1,726 | €17,967 | -37.4% | - |
| SRL IMMO PEP & GIO Courcelles | €2,575 | - | -1093.5% | - |
| Soul Real Estate Ghent | €9,462 | €34,987 | 19.6% | - |
| Villa Vandra Beveren-Kruibeke-Zwijndrecht | €11,364 | €16,081 | -130.4% | - |
| Drive and joy Schaerbeek | €4,168 | €2,968 | 100.0% | - |
These companies have the same main activity as LEAPS: 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 €1,730 and €11,400, founded between 2008 and 2022.
LEAPS files the micro format. That format states no turnover. The gross margin rose from -€16,416 in 2022 to €18,839 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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