Checked.be
Active
BE 0720.980.610Public limited company
NIVELLES OFFICE PARC 9
Rue du Fond Cattelain 2 ·1435 Mont-Saint-Guibert, Belgium· 7 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
NIVELLES OFFICE PARC 9 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-15k) and a net result of €-37k. Equity is shrinking by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 4833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-15k |
| Net result | €-37k |
| Better than sector | 17% |
| Active | 7 yrs |
Financial profile
69
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
47
Profitability
100
Solvency
67
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
47
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
55
2020
62
2021
42
2022
50
2023
47
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 32.62 (≥ 1.5)
+10
Quick ratio
Quick ratio 32.62 (≥ 1.0)
+5
Equity
Negative equity
-25
Profitability
ROE 247% (≥ 10%)
+10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-08-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~44.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.1% | 30.8% | |
| Net result | €-37k | €11k | |
| Equity | €-15k | €513k | |
| Gross operating margin | €-35k | €104k | |
| Total assets | €12.20M | €2.53M |
€-37k
-301.4%
20-24
€12.20M
+61.4%
20-24
€-15k
-
20-24
€8.35M
+38.0%
20-24
€12.21M
+62.0%
20-24
€264k
+38.5%
20-24
€11.83M
+62.5%
20-24
32.62
-0.3%
20-24
32.62
-0.3%
20-24
-0.1%
-
20-24
-816.65
-
20-24
247.0%
-
20-24
-0.3%
-148.8%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | full schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Net profit | €-37k | €-9k | €-16k | €-8k | €-8k |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €12.20M | €7.56M | €1.75M | €59k | €62k |
| Equity | €-15k | €22k | €31k | €47k | €55k |
| Debt | €12.21M | €7.54M | €1.71M | €13k | €8k |
| of which ≤ 1y | €264k | €191k | €530k | €13k | €8k |
| of which > 1y | €11.83M | €7.28M | €1.18M | - | - |
| Working capital | €8.35M | €6.05M | €924k | €23k | €32k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 32.62 | 32.72 | 2.74 | 2.83 | 5.21 |
| Quick ratio | 32.62 | 32.72 | 2.74 | 2.83 | 5.21 |
| Working capital ratio | 68.5% | 80.0% | 52.9% | 38.7% | 50.9% |
| Solvency | -0.1% | 0.3% | 1.8% | 78.9% | 87.9% |
| Debt / equity | -816.65 | 342.84 | 54.97 | 0.27 | - |
| Long-term debt ratio | -791.15 | 331.18 | 37.68 | - | - |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -0.3% | -0.1% | -0.9% | -13.7% | -12.2% |
| ROE | 247.0% | -41.9% | -49.8% | -17.4% | -13.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €12.20M | €7.56M | €1.75M | €59k | €62k |
| Fixed assets | 21/28 | €3.58M | €1.32M | €292k | €24k | €23k |
| Tangible fixed assets | 22/27 | €3.58M | €1.32M | €292k | €24k | €23k |
| Current assets | 29/58 | €8.62M | €6.24M | €1.45M | €35k | €39k |
| Amounts receivable within one year | 40/41 | €90k | €51k | €17k | €409 | €21k |
| Cash & bank | 54/58 | €101k | €96k | €1.16M | €35k | €18k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €12.20M | €7.56M | €1.75M | €59k | €62k |
| Equity | 10/15 | €-15k | €22k | €31k | €47k | €55k |
| Contributions / capital | 10/11 | €63k | €63k | €63k | €63k | €63k |
| Accumulated profits (losses) | 14 | €-77k | €-41k | €-31k | €-16k | €-8k |
| Amounts payable | 17/49 | €12.21M | €7.54M | €1.71M | €13k | €8k |
| Amounts payable after one year | 17 | €11.83M | €7.28M | €1.18M | - | - |
| Amounts payable within one year | 42/48 | €264k | €191k | €530k | €13k | €8k |
| Trade debts payable within one year | 44 | €264k | €188k | €336k | €13k | €6k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-35k | €-8k | €-15k | €-8k | €-7k |
| Operating result | 9901 | €-35k | €-8k | €-15k | €-8k | €-7k |
| Financial income | 75 | €367k | €287k | €21k | - | - |
| Financial charges | 65 | €369k | €288k | €21k | €141 | €0 |
| Result before taxes | 9903 | €-37k | €-9k | €-16k | €-8k | €-7k |
| Net result for the period | 9904 | €-37k | €-9k | €-16k | €-8k | €-7k |
| Result to be appropriated | 9905 | €-37k | €-9k | €-16k | €-8k | €-7k |
Directors & mandates
Current directors & mandates
-
Gérard PHILIPPSONPrésident du conseil d'administrationState Gazette act 23481767 (28-12-2023)Current28-12-2023 → present
-
Henri FISCHGRUNDManaging directorState Gazette act 23481767 (28-12-2023)Current28-12-2023 → present
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Public limited company(014) |
| Incorporation | 20-02-2019 |
| Status | Active |
| Postal code | 1435 |
Establishment units
NIVELLES OFFICE PARC 9
since 20192.286.742.732
Updates
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity times 12current ratio 32.72
Current ratio from 2.74 to 32.72; short-term debt falls from €530k to €191k.
28-12
State Gazette act
Statutes amendment
v3.2
06-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
28-12-2023 Articles of association amended
Summary:
v3.2
Technical details
{
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"name_change": {
"new": "",
"old": "",
"changed": false
},
"seat_change": {
"changed": false
},
"object_change": {
"changed": false
},
"subject_company": {
"kbo": "0720.980.610",
"name_full": "NIVELLES OFFICE PARC 9"
},
"legal_form_change": {
"new": "Soci\u00E9t\u00E9 anonyme",
"old": "Soci\u00E9t\u00E9 anonyme",
"changed": false
}
}Credit advice
Company registry (CBE)
Activities
Development of residential building projects68121General construction of residential buildings41001Renting and operating of own or leased residential real estate, excluding social housing68201
Names & trade names
| Legal nameFR | NIVELLES OFFICE PARC 9 |
Similar companies
Annys Invest
BE 0466.903.065 · Geel
TD - IMMO
BE 0648.948.608 · Waimes
4EVER Construct
BE 0735.662.747 · Merelbeke-Melle
Yves Cooreman
BE 0785.433.942 · Deinze
DOMUS ANGELI
BE 0505.704.154 · Tongeren-Borgloon