NPV Property
ActiveSummary
NPV Property has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194,772 and a net result of -€28,847. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-6
Solvency44▼-2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 7.93 against 6.58 in 2024; short-term debt: 12.6% and cash: 0.2% of total assets), but 81.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€28,847
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
59 d early
2024
56 d early
2023
58 d early
2022
66 d early
2021
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 60 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 2 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€194,772▼ 12.9%
2024 · €223,619
Total assets
€1.0m▼ 1.9%
2024 · €1.1m
Net result
-€28,847▼ 71.5%
2024 · -€16,820
Working capital
€903,937▲ 4.9%
2024 · €861,669
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,762-€58,395€287,598▲ 393%€12,117▼ 95.8%€4,629▼ 61.8%
Net result-€11,846below the sector's middle half-€38,374above the sector's middle half€203,912above the sector's middle half▲ 431%-€16,820below the sector's middle half-€28,847below the sector's middle half▼ 71.5%
Equity-€1,846below the sector's middle half-€36,527within the sector's middle half€240,440within the sector's middle half▲ 558%€223,619within the sector's middle half▼ 7.0%€194,772within the sector's middle half▼ 12.9%
Total assets€625,335within the sector's middle half-€1.1mabove the sector's middle half▲ 81.9%€484,473within the sector's middle half▼ 57.4%€1.1mwithin the sector's middle half▲ 118%€1.0mabove the sector's middle half▼ 1.9%
Debt€627,181-€1.1m▲ 75.6%€244,033▼ 77.8%€831,623▲ 241%€840,499▲ 1.1%
Working capital€3,002within the sector's middle half-€505,568above the sector's middle half▲ 16,739%€353,914above the sector's middle half▼ 30.0%€861,669above the sector's middle half▲ 143%€903,937above the sector's middle half▲ 4.9%
Solvency-0.3%below the sector's middle half-3.2%below the sector's middle half▲ 3.5pp49.6%within the sector's middle half▲ 46.4pp21.2%within the sector's middle half▼ 28.4pp18.8%within the sector's middle half▼ 2.4pp
Current ratio1.01within the sector's middle half-3.06above the sector's middle half▲ 2.055.38above the sector's middle half▲ 2.326.58above the sector's middle half▲ 1.207.93above the sector's middle half▲ 1.35
Return on assets (ROA)-1.9%within the sector's middle half-3.4%within the sector's middle half▲ 5.3pp42.1%above the sector's middle half▲ 38.7pp-1.6%within the sector's middle half▼ 43.7pp-2.8%below the sector's middle half▼ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€854 ▼ 97.8%
Current assets
€1.0m ▲ 1.8%
Equity and liabilities €1.0m
Equity
€194,772 ▼ 12.9%
Debt
€840,499 ▲ 1.1%
Debt's share of the balance-sheet total rises from 78.8% to 81.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,969▼
2024 · €22,626
Cash flow
-€28,507▼
2024 · -€6,311
Quick ratio
0.06▼
2024 · 0.46
Debt to equity
4.32▲
2024 · 3.72
ROE
-14.8%▼
2024 · -7.5%
Interest coverage
0.15▼
2024 · 0.78
Debt ≤ 1 year
€130,480▼
2024 · €154,360
Debt > 1 year
€710,019▲
2024 · €677,131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
1.3%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 748 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €241,004 | - | €87,981 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €73,953 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,467 | €12,611 | €2,296 | €10,509 | €340 | ▼ 96.8% |
| Other operating charges640/8 | €3,252 | €5,667 | €6,313 | €2,635 | €9,052 | ▲ 243% |
| Non-recurring operating charges66A | - | - | - | - | €7 | - |
| Gross operating margin9900 | €7,957 | €76,673 | €296,207 | €25,261 | €14,028 | ▼ 44.5% |
| Operating profit (loss)9901 | -€3,762 | €58,395 | €287,598 | €12,117 | €4,629 | ▼ 61.8% |
| Financial income75/76B | - | €1 | €1,328 | - | - | - |
| Recurring financial income75 | - | €1 | €1,328 | - | - | - |
| Financial charges65/66B | €8,084 | €13,390 | €22,431 | €28,937 | €33,477 | ▲ 15.7% |
| Recurring financial charges65 | €8,084 | €13,390 | €22,431 | €28,937 | €33,477 | ▲ 15.7% |
| Profit (loss) for the period before taxes9903 | -€11,846 | €45,005 | €266,495 | -€16,820 | -€28,847 | ▼ 71.5% |
| Income taxes67/77 | - | €6,632 | €62,582 | - | - | - |
| Profit (loss) for the period9904 | -€11,846 | €38,374 | €203,912 | -€16,820 | -€28,847 | ▼ 71.5% |
| Profit (loss) for the period to be appropriated9905 | -€11,846 | €38,374 | €203,912 | -€16,820 | -€28,847 | ▼ 71.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €625,335 | €1.1m | €484,473 | €1.1m | €1.0m | ▼ 1.9% |
| Fixed assets21/28 | €399,152 | €386,541 | €49,723 | €39,213 | €854 | ▼ 97.8% |
| Tangible fixed assets22/27 | €399,152 | €386,541 | €49,723 | €39,213 | €854 | ▼ 97.8% |
| Land and buildings22 | €398,276 | €385,996 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | €1,534 | €1,194 | €854 | ▼ 28.5% |
| Furniture and vehicles24 | €876 | €545 | €48,188 | €38,019 | - | - |
| Current assets29/58 | €226,183 | €751,079 | €434,751 | €1.0m | €1.0m | ▲ 1.8% |
| Stocks and contracts in progress3 | €211,237 | €735,844 | €335,033 | €945,249 | €1.0m | ▲ 8.6% |
| Stocks30/36 | €211,237 | €175,844 | €160,675 | €171,249 | €166,193 | ▼ 3.0% |
| Contracts in progress37 | - | €560,000 | €174,359 | €774,000 | €860,000 | ▲ 11.1% |
| Amounts receivable within one year40/41 | - | €10,890 | €21,460 | €11,021 | €4,944 | ▼ 55.1% |
| Trade receivables40 | - | €10,890 | €10,410 | €10,410 | €4,944 | ▼ 52.5% |
| Other amounts receivable41 | - | - | €11,050 | €611 | - | - |
| Cash at bank and in hand54/58 | €14,396 | €4,346 | €76,399 | €57,581 | €2,238 | ▼ 96.1% |
| Deferred charges and accrued income490/1 | €550 | - | €1,859 | €2,178 | €1,042 | ▼ 52.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €625,335 | €1.1m | €484,473 | €1.1m | €1.0m | ▼ 1.9% |
| Equity10/15 | -€1,846 | €36,527 | €240,440 | €223,619 | €194,772 | ▼ 12.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€11,846 | €26,527 | €230,440 | €213,619 | €184,772 | ▼ 13.5% |
| Amounts payable17/49 | €627,181 | €1.1m | €244,033 | €831,623 | €840,499 | ▲ 1.1% |
| Amounts payable after more than one year17 | €404,000 | €855,581 | €163,197 | €677,131 | €710,019 | ▲ 4.9% |
| Financial debts170/4 | €404,000 | €855,581 | €163,197 | €677,131 | €710,019 | ▲ 4.9% |
| Amounts payable within one year42/48 | €223,181 | €245,512 | €80,836 | €154,360 | €130,480 | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | €14,400 | €14,400 | - | - | €3,311 | - |
| Financial debts43 | - | - | - | €998 | - | - |
| Credit institutions430/8 | - | - | - | €998 | - | - |
| Trade debts44 | - | €5,794 | €18,254 | €50,780 | €14,389 | ▼ 71.7% |
| Suppliers440/4 | - | €5,794 | €18,254 | €50,780 | €14,389 | ▼ 71.7% |
| Taxes, remuneration and social security45 | €1,781 | €8,317 | €62,582 | €62,582 | €280 | ▼ 99.6% |
| Taxes450/3 | €1,781 | €8,317 | €62,582 | €62,582 | €280 | ▼ 99.6% |
| Other amounts payable47/48 | €207,000 | €217,000 | - | €40,000 | €112,500 | ▲ 181% |
| Accrued charges and deferred income492/3 | - | - | - | €132 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,846 | €38,374 | €203,912 | -€16,820 | -€28,847 | ▼ 71.5% |
| + Depreciation and write-downs630 | €8,467 | €12,611 | €2,296 | €10,509 | €340 | ▼ 96.8% |
| Operating cash flow (approximation) | -€3,379 | €50,984 | €206,209 | -€6,311 | -€28,507 | ▼ 352% |
| Investment in fixed assets (approximation) | - | €0 | €334,522 | €0 | €38,019 | - |
| Change in cash | - | -€10,050 | €72,053 | -€18,817 | -€55,344 | ▼ 194% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€28,847
Net result drops to -€28,847, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €203,912 ▲431%
Operating result €287,598, net result €203,912, both a record.
31-12
Financial
Equity above €200,000Eq €240,440 ▲558%
2 profitable years in a row build equity to €240,440.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €38,374
Net result €38,374 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.06
Current ratio from 1.01 to 3.06.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Arlon · 1 establishment unit since 2021
Ground area
1,656 m²
Building footprint
158 m²
Volume, LiDAR
1,049 m³
Parcel 81001A2111/00H000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NPV Property
since 20212.311.670.643
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81001A2111/00H000 | Wallonia | 1,656 m² | 1 · 158 m² | 8.1 m · 2 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.
Similar companies · same sector, comparable size
Belgian International Airways
BE 0424.807.738
Incourt · Eq €194,799
F&C CONSTRUCT-INVEST
BE 0696.593.424
Namur · Eq €194,505
A.M.A. ALLEUR
BE 0460.083.668
Liège · Eq €195,163
Soeternij
BE 0417.924.894
Beerse · Eq €195,266
PB Building
BE 0666.430.976
Ingelmunster · Eq €194,242
Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0756801027
Registered
13-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.