LIEGE ESTATE
ActiveLIEGE ESTATE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-34k) and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 13905 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
7
/ 100
Critical▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency33=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.02 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-85.2%
Return on assets
-45.9%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€34k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
15 d early
2022
9 d early
2021
3 d late
2020
6 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-18k
2024 · €19k
2019: €3k
2020: €58k
2021: €110k
2022: €-31k
2023: €-34k
2024: €19k
2019 → 2025
Working capital
€-71k▼ 16.5%
2024 · €-61k
2019: €11k
2020: €57k
2021: €25k
2022: €-49k
2023: €-73k
2024: €-61k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€72▼ 99.8%€-34k€-16k▲ 54.4%€-34k▼ 117%
Operating result€149k-€-31k€-38k▼ 22.4%€20k€-18k
Net result€110k-€-31k€-34k▼ 9.3%€19k€-18k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €18k after €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€37k▼ 17.9%
Current assets
€2k▲ 108%
Key figures and ratios
EBITDA
€-8k▼
2024 · €29k
Cash flow
€-8k▼
2024 · €27k
Solvency
-85.2%▼
2024 · -33.4%
Current ratio
0.03▲
2024 · 0.02
Quick ratio
0.03▲
2024 · 0.02
Debt / equity
-2.17▲
2024 · -3.99
ROE
53.9%▲
2024 · -119.3%
ROA
-45.9%▼
2024 · 39.9%
Interest coverage
-39.02▼
2024 · 25.49
Debt
€73k▲
2024 · €62k
Debt ≤ 1 year
€73k▲
2024 · €62k
Income taxes
€398▼
2024 · €437
Staff costs
€5k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€46k€40k▼
Fixed assets21/28€45k€37k▼
Intangible fixed assets21€29k€25k▼
Tangible fixed assets22/27€15k€10k▼
Furniture and vehicles24€14k€10k▼
Other tangible fixed assets26€716€598▼
Financial fixed assets28€2k€2k=
Current assets29/58€1k€2k▲
Amounts receivable within one year40/41€36€673▲
Trade receivables40€36€0▼
Other amounts receivable41-€673
Cash at bank and in hand54/58€335€767▲
Deferred charges and accrued income490/1€748€887▲
Equity and liabilities
Total equity and liabilities10/49€46k€40k▼
Equity10/15€-16k€-34k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-19k€-37k▼
Amounts payable17/49€62k€73k▲
Amounts payable within one year42/48€62k€73k▲
Trade debts44€435€970▲
Suppliers440/4€435€970▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€58k€69k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€5k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€841€2k▲
Gross operating margin9900€32k€-859▼
Operating profit (loss)9901€20k€-18k▼
Financial income75/76B€27€0▼
Recurring financial income75€27€0▼
Financial charges65/66B€1k€193▼
Recurring financial charges65€1k€193▼
Profit (loss) for the period before taxes9903€19k€-18k▼
Income taxes67/77€437€398▼
Profit (loss) for the period9904€19k€-18k▼
Profit (loss) for the period to be appropriated9905€19k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-37k▼
Profit (loss) brought forward from the previous period14P€-37k€-19k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Highest result since 2019net €110k ▲88.6%
Operating result €149k, net result €110k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Marcel-Lonay 24000 Liège1 establishment unit
LIEGE ESTATE
since 20182.282.423.559
Similar companies · same sector, comparable size
GRIFFIOEN
BE 1004.355.420
Ronse · Eq €62
BORINVEST
BE 0478.038.863
Grez-Doiceau · Eq €94
Idea-X
BE 0730.825.318
Ieper · Eq €98
BECEDRE
BE 0802.668.169
Charleroi · Eq €133
ISM Archives Projet
BE 0795.536.392
Mons · Eq €136
Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 45 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2018
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.