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Potrell

Active
Private limited companyfounded 2009active for 17 yearsSasstraat 5, 8870 Izegem, Belgium11 active companies are registered at this addressKBO/BCE: BE 0809.248.036
Summary

Potrell has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.7m and a net result of €1.0m. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 46% of 5,674 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Development of residential building projects
NACE 68121Buying and selling of own real estate NACE 68110
2nd largest company by total assets in Izegem, Real estate sector1 site
Size
€12.2mturnover 2025
Staff
1 FTE
Equity
€7.7m
Profit
€1.0m
Financial health
87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
Cagico · 99.88%
  • Cagico BVDirector
Auditor: Frederik Vander DoncktAccounts 18 days early1 of 10 deeds read
Why 87raises riskLiquidity: current ratio 1.63, cash €85,778lowers riskSize: turnover €12.2m, 1 FTE, total assets €22.8mFigures for financial year 2025 (filed 13-07-2026)Founded in 2009Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 39% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Average
Solvency 59+3
equity 33.7% of total assets
Liquidity 19+3
short-term debt 61.0% · cash 0.4%
Profitability 61-7
return on assets 4.6%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,561 companies, NACE 68, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -0.1 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%▼ -0.2 percentage points vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €650,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.63, compared with 1.55 in 2024; short-term debt: 61% and cash: 0.4% of total assets), but 66.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 52% on solvency, 15% on liquidity, 48% on profitability and 40% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.63, cash €85,778
NBB · annual accounts
lowers risk · Size: turnover €12.2m, 1 FTE, total assets €22.8m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 13-07-2026)
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2024
16 days early
2023
6 days early
2022
11 days early
2021
34 days early
2020
82 days early
2019
8 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 25 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Appointment: Frederik Vander Donckt (statutory auditor)Permanent representative: Bart Sobry
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Positive: 2nd largest company by total assets in Izegem, Real estate sectorin the Checked rankings No. 2 View
  • Caution: Result fell in 2025from €1.8m to €1.0m ▼ 42.8% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €1.0m 8 years View
  • Controlled by Cagicoknown shareholders 100% 99.88% View

By topic

Financials

Financial year
2025
Turnover
€12.2m
Profit
€1.0m
Solvency
33.7%
Turnover▼ 28.4%
Net result
20182025
Go to Financials

Board & ownership

Board
1 member
Parent
Cagico · 99.88%
Known shareholders
100%
Auditor
Frederik Vander Donckt
  • Cagico BVDirector
Go to Board & ownership

Timeline

Events
21
Since
2010
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2025
  2. 25-07-2024Annual accounts filed
  3. 20-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
21-01-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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