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PORTHOUSE

Active
Private limited companyfounded 200620 yrs activeFranchommelaan 104, 8370 Blankenberge, BelgiumKBO/BCE: BE 0879.443.273
Summary

The computed 12-month bankruptcy probability of PORTHOUSE is 1.6% (moderate). The 2024 annual accounts show negative equity (-€224,662) and a net result of €39,729. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 9727 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Real estate agency activities
NACE 68310NACE 68311NACE 70311
2 sites
Size
€32,457total assets 2024
Staff
0.3 FTE
Equity
-€224,662
Profit
€39,729
Turnover not published (abridged schema)
Financial health
55 Fair Checked score 2024
Bankruptcy chance 12 m
1.6%
Structure
Accounts 64 d overdue0 of 1 deed read
Why 55- 1 financial year not filed after the legal deadline; latest accounts 124 days late; 3 of the last 3 late+ Founded in 2006+ Size: total assets €32,457+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 43% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency 0=
equity -692.2% of total assets
Liquidity 15-24
short-term debt 254.7% · cash 12.0%
Profitability 85+85
return on assets 122.4%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,362 companies)
Last 24 months 11-2024: 2.1% 12-2024: 2.1%● 0.0% vs 11-2024 01-2025: 2.1%▼ -1.5% vs 12-2024 02-2025: 2.1%▲ +1.5% vs 01-2025 03-2025: 2.0%▼ -3.4% vs 02-2025 04-2025: 2.0%▼ -0.9% vs 03-2025 05-2025: 1.9%▼ -6.4% vs 04-2025 06-2025: 1.9%▼ -1.9% vs 05-2025 07-2025: 1.8%▼ -3.6% vs 06-2025 08-2025: 1.9%▲ +7.7% vs 07-2025 09-2025: 1.9%▼ -1.7% vs 08-2025 10-2025: 1.7%▼ -9.5% vs 09-2025 11-2025: 1.8%▲ +5.9% vs 10-2025 12-2025: 2.4%▲ +32.0% vs 11-2025highest value 01-2026: 1.2%▼ -49.2% vs 12-2025 02-2026: 1.2%● 0.0% vs 01-2026 03-2026: 1.2%▲ +1.6% vs 02-2026 04-2026: 1.3%▲ +3.5% vs 03-2026 05-2026: 1.3%▼ -2.1% vs 04-2026 06-2026: 1.2%▼ -5.8% vs 05-2026lowest value 07-2026: 1.3%▲ +7.6% vs 06-2026 08-2026: 1.6%▲ +22.9% vs 07-2026 09-2026: 1.6%▲ +2.0% vs 08-2026 10-2026: 1.6%▲ +1.8% vs 09-2026
  • 1 financial year not filed after the legal deadline; latest accounts 124 days late; 3 of the last 3 late raises the probability
  • Founded in 2006 lowers the probability for this profile
  • Size: total assets €32,457 lowers the probability for this profile
  • Sector Real estate activities (NACE 68) lowers the probability
No credit on open account
Liquidity short (current ratio 0.24 against 0.63 in 2023; short-term debt: 254.7% and cash: 12% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 13%, profitability 82%, growth against the median 71%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 124 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 2006
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: total assets €32,457
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9727 sector peers (2024).
NBB · sector comparison
Position among 9727 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-12-2025, 124 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
124 d late
2023
88 d late
2022
90 d late
2021
24 d late
2020
31 d late
2019
90 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 75 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Back to profitnet €39,729
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€224,662 View
  • Caution: Among the weakest 5% on solvencysector median 30.8% · 9,727 companies -692.2% View
  • Positive: Back in profit in 2024after -€24,655 in 2023 €39,729 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View

By topic

Financials

Fiscal year
2024
Total assets
€32,457
Profit
€39,729
Solvency
-692.2%
Total assets▼ 76.8%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 02-12-2025Annual accounts filed
  2. 31-12-2024Back to profit
  3. 27-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Real estate agency activitiesNACE 68310
Founded
17-02-2006
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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