Active BE 0742.613.984Private limited company

NORTH REAL ESTATE

Hovenierstraat 106/B-M0 ·1081 Koekelberg, Belgium· 6 yrs active

Sector: Activiteiten van landmeters-experts (71122)

Conclusion Checked

NORTH REAL ESTATE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €18k. The computed 12-month bankruptcy probability is 1.0% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€11k
Net result	€18k
Active	6 yrs

Financial profile 5 of 5 axes measured · computed by Checked

75 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 76

Profitability 100

Solvency 20

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.0% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Higher-failure-rate region +

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, 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 Flags0 events

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 FY 2024 · computed

76 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview5 NBB filings

Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

EBITDA

€35k

+353.7% 23-24

Net profit

€18k

+440.9% 23-24

Cash flow

€20k

+295.9% 23-24

Total assets

€89k

+183.3% 23-24

Equity

€11k

+12.2% 23-24

Working capital

€2k

-78.7% 23-24

Income taxes

€14k

+507.9% 23-24

Dividends

€17k

- 23-24

Debt

€78k

+261.9% 23-24

Debt ≤ 1y

€76k

+250.0% 23-24

Current ratio

1.03

-28.5% 23-24

Quick ratio

1.03

-28.5% 23-24

Solvency

12.5%

-60.4% 23-24

Debt / equity

7.03

+222.7% 23-24

ROE

163.6%

+382.2% 23-24

ROA

20.4%

+90.9% 23-24

Interest coverage

468.05

+874.9% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro schema
Revenue	-
EBITDA	€35k
Net profit	€18k
Cash flow	€20k
Staff costs	-
Income taxes	€14k
Dividends	€17k
Total assets	€89k
Equity	€11k
Debt	€78k
of which ≤ 1y	€76k
of which > 1y	-
Working capital	€2k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.03
Quick ratio	1.03
Working capital ratio	2.2%
Solvency	12.5%
Debt / equity	7.03
Long-term debt ratio	-
Interest coverage	468.05
Gross margin	-
Net margin	-
ROA	20.4%
ROE	163.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €12k · 13.1% Current assets €78k · 86.9%

Equity & liabilities

Equity €11k · 12.5% Debt €78k · 87.5%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€89k
Fixed assets	21/28	€12k
Tangible fixed assets	22/27	€12k
Current assets	29/58	€78k
Amounts receivable within one year	40/41	€65k
Cash & bank	54/58	€13k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€89k
Equity	10/15	€11k
Contributions / capital	10/11	€2k
Accumulated profits (losses)	14	€9k
Amounts payable	17/49	€78k
Amounts payable within one year	42/48	€76k
Trade debts payable within one year	44	€468
Income statement
Gross operating margin	9900	€36k
Operating result	9901	€33k
Financial charges	65	€74
Result before taxes	9903	€32k
Income taxes	67/77	€14k
Net result for the period	9904	€18k
Result to be appropriated	9905	€18k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van landmeters-experts(71122)
Legal form	Private limited company(610)
Incorporation	28-01-2020
Status	Active
Postal code	1081

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21492B0371/00S003	Brussels	190 m²	1 · 75 m²	14.1 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

All 5 NBB filing 5

2021 2022 2023 2024 2025

2025

30-07-2025 NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

06-12-2024 NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

07-12-2023 NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

29-09-2022 NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

02-12-2021 NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Activiteiten van landmeters-experts71122Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121

Primary activity highlighted.

Names & trade names

Legal nameFR	NORTH REAL ESTATE
AbbreviationFR	NRE

Registered office

Hovenierstraat 106/B-M0

1081 Koekelberg, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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