Active BE 0840.312.582Public limited company

PAGE HOLDINGS

de Broquevillelaan 12 ·1150 Sint-Pieters-Woluwe, Belgium· 14 yrs active

Sector: Handel in eigen onroerend goed (68110)

Conclusion Checked

The computed 12-month bankruptcy probability of PAGE HOLDINGS is 0.4% (very low). The 2024 annual accounts show equity of €952k and a net result of €66k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 780 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Key figures

Equity	€952k
Net result	€66k
Better than sector	65%
Active	14 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 87

Profitability 35

Solvency 76

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Lower-failure-rate sector −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2011, 14 years in business.

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.

Health barometer FY 2024 · computed

87 / 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 overview10 NBB filings

Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~2.9%/year over 7 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	34.0%	16.5%	better than 65% of 780 sector peers
Net result	€66k	€-2k	better than 77% of 778 sector peers
Equity	€952k	€136k	better than 73% of 780 sector peers
Gross operating margin	€184k	€45k	better than 74% of 612 sector peers
Total assets	€2.80M	€1.72M	better than 60% of 780 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€174k

+14.5% 18-24

Net profit

€66k

+2649.3% 18-24

Cash flow

€132k

+92.5% 18-24

Total assets

€2.80M

+7.2% 18-24

Equity

€952k

- 18-24

Working capital

€190k

- 18-24

Debt

€1.85M

-36.9% 18-24

Debt ≤ 1y

€74k

-4.2% 18-24

Show 8 other metrics

Debt > 1y

€1.77M

-37.7% 18-24

Current ratio

3.56

+1855.2% 18-24

Quick ratio

3.56

+1855.2% 18-24

Solvency

34.0%

- 18-24

Debt / equity

1.94

- 18-24

ROE

6.9%

- 18-24

ROA

2.4%

+2464.7% 18-24

Interest coverage

4.17

+128.7% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€174k
Net profit	€66k
Cash flow	€132k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€2.80M
Equity	€952k
Debt	€1.85M
of which ≤ 1y	€74k
of which > 1y	€1.77M
Working capital	€190k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	3.56
Quick ratio	3.56
Working capital ratio	6.8%
Solvency	34.0%
Debt / equity	1.94
Long-term debt ratio	1.86
Interest coverage	4.17
Gross margin	-
Net margin	-
ROA	2.4%
ROE	6.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €2.53M · 90.5% Current assets €265k · 9.5%

Equity & liabilities

Equity €952k · 34.0% Debt €1.85M · 66.0%

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	€2.80M
Fixed assets	21/28	€2.53M
Tangible fixed assets	22/27	€2.53M
Current assets	29/58	€265k
Amounts receivable within one year	40/41	€1k
Cash & bank	54/58	€263k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.80M
Equity	10/15	€952k
Contributions / capital	10/11	€1.26M
Accumulated profits (losses)	14	€-310k
Amounts payable	17/49	€1.85M
Amounts payable after one year	17	€1.77M
Amounts payable within one year	42/48	€74k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€184k
Operating result	9901	€108k
Financial charges	65	€42k
Result before taxes	9903	€66k
Net result for the period	9904	€66k
Result to be appropriated	9905	€66k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Handel in eigen onroerend goed(68110)
Legal form	Public limited company(014)
Incorporation	17-10-2011
Status	Active
Postal code	1150

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.
21019A0206/00H005	Brussels	1,291 m²	1 · 597 m²	29.1 m · 9 fl.

Methodology

via registered seat: 1

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

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

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

27-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

24-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

01-03-2024

State Gazette act Capital & shares

Olivier WATERKEYN

2023

16-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

08-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

2021

20-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

03-09-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

30-09-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2018

28-09-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

2017

27-09-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

2016

05-10-2016

NBB filing Annual accounts filed

fiscal year 2015 · volledig

Belgian State Gazette reading coverage 0 of 8 acts read

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

Capital history · 1

01-03-2024

Capital change

All acts · 1 updated 2 years ago

2024

01-03-2024 Capital increase of €1,200,000 to €1,262,500 Capital & shares·Olivier WATERKEYN

€62.500 → €1.262.500
Inbreng in geld · Apport en numéraire

Notary: Olivier WATERKEYN · Waterloo

Original publication ↗

Technical details

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  "notary": {
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    "firm_city": null,
    "firm_name": null,
    "office_city": "Waterloo",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-03-01",
    "filing_date": "2024-02-28",
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decision": {
    "body": "assembl\u00E9e_generale_extraordinaire",
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    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": {
    "waived": true,
    "firm_kbo": null,
    "firm_name": null,
    "ibr_number": null,
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    "individual_name": null
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  "subject_company": {
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    "name_full": "PAGE HOLDINGS",
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  "publication_proxy": {
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  },
  "co_filed_documents": [
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  "shareholders_after": [
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      "role": "aandeelhouder",
      "n_shares": 4001,
      "share_class": null
    }
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  "share_classes_after": [
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      "capital_share_eur": 1262500.0,
      "voting_rights_per_share": 1.0
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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201

Primary activity highlighted.

Names & trade names

Legal nameFR

PAGE HOLDINGS

Registered office

de Broquevillelaan 12 bus 7

1150 Sint-Pieters-Woluwe, Belgium

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

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