Losses
-€192,759 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
PRIVAS
Overview
Lifetime
2 annual accounts with figures on one time axispeak €33,702 (2025)
€33,702▲ €41,413
lowest -€101,006 (2025)
-€101,006▼ €9,253
peak €658,247 (2024)
€557,241▼ 15.3%
€1.7m▼ 3.0%
Board2 names since 2023
2 directorsBRYSE Francine Severine Simonne and 1 other
Documentsfilings and deeds
09-07-202622 days before the deadline
2025abbreviated format
Gross margin from -€7,711 to €33,702Loss of €101,006Equity from €658,247 to €557,241Investments €169,048Cash from €2,013 to €16,178
Key points
from the 2025 annual accountsTurnover
≈ €92,000 estimated
The abbreviated format states no turnover.
Debts
€1.7m 76% of the balance sheet
Financial debts 69%Suppliers 1%Other 31%
Of this, €1.4m falls due within a year.
Investments
€169,048 2.2 × depreciation
Green is investment, beige is depreciation.
Starting capital
€750,000 1,000 shares
Position in the sector
-€101,006
Lower net result than 89% of companies in real estate. Sector median €9,997 · 11,290 companies.
Checked score
87
Excellent
Financially stronger than 22% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.5%▲ +0.1 percentage points vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.6%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 1.6%● unchanged vs 06-2025highest value
08-2025: 1.6%● unchanged vs 07-2025highest value
09-2025: 1.2%▼ -0.4 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.1%▼ -0.1 percentage points vs 03-2026
05-2026: 1.2%▲ +0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 0.2%▼ -1.0 percentage point vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.38, cash €16,178
Founded in 2023
lowers risk
Size: total assets €2.3m
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 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, small). It does better than 44% of them on solvency, 15% on liquidity, 11% on profitability and 18% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 440 companies had the same profile as PRIVAS has now. Each dot is one company, two years later.
95.5%
were still trading
3.0%
stopped another way
1.6%
went bankrupt
The bankruptcy probability of PRIVAS itself is lower: 0.2% within 12 months. It rests on far more data about PRIVAS than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 440 companies, not a prediction for PRIVAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.38 (0.55 in 2024), below 1. Short-term debt is 60.3% and cash 0.7% of total assets. 75.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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
2425
2024 to 2025 · latest year -€101,006
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 09-07-2026, 22 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
22 days early
2024
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 2 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 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.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- D'UNION Jean Paul 500 sharesdeed of 03-07-2023
- BRYSE Francine Severine Simonne 500 sharesdeed of 03-07-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803378645
Registered office moved from Leuven to Haasrode
New registered office: Armand Verheydenstraat 6A, 3053 Haasrode · Previous registered office: Waversebaan 174, 3001 Leuven · Board meeting of 29-05-2024 · Gazette deed
Incorporation
Founding capital of €750,000, 1,000 shares, €25,000 paid up · Founders: D'UNION Jean Paul and BRYSE Francine Severine Simonne · Appointments: D'UNION Jean Paul (director) and BRYSE Francine Severine Simonne (director) · published on 03-07-2023 · Gazette deed
First establishment
Armand Verheydenstraat 6, Oud-Heverlee
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PRIVAS Oud-Heverlee | €2.3m | €33,702 | 24.4% | - |
| GROUP BELLEMANS Pajottegem | €1.5m | €24,578 | -3.0% | - |
| SOSO Immo Mons | €1.9m | €24,547 | 48.6% | - |
| DYNAMOSHAQ Liège | €3.2m | €37,409 | -5.4% | - |
| JSRH Malle | €1.6m | €26,144 | -15.8% | - |
| Mario Jonck Dilsen-Stokkem | €1.7m | €19,831 | 0.5% | - |
| Anvaby Antwerp | €2.7m | €70,976 | -7.9% | 0 |
These companies have the same main activity as PRIVAS: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.5m and €3.2m, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 29-06-2023Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.347.438.8973053 Oud-Heverlee, since 29-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 23-08-2025
Annual accounts 2025
- €33,702
- €101,006▲ 10.1%
- €557,241▼ 15.3%
- €2.3m▼ 6.3%
- Filing
- Filed on 09-07-2026, 22 days before the end of the filing period
Insights on PRIVAS
PRIVAS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €557,241 and a net result of -€101,006.
Its solvency ranks better than 44% of 11,299 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 09-07-2026, 22 days before the deadline€33,702
▲ €41,413
-€48,758
▲ €12,574
-€101,006
▼ €9,253
-€851,400
▼ €211,537
24.4%
▼ 2.6 percentage points
0.38
▼ 0.16
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €92,000. Estimated: probably between €51,000 and €190,000.
Balance sheet
balance sheet total €2.3m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
24.4%
Higher than 44% of 11,299 companies in 2025.
0.38
Higher than 25% of 10,851 companies in 2025.
-4.4%
Higher than 15% of 11,184 companies in 2025.
PRIVAS
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
2.3m | 2.4m | |
21/28 |
1.8m | 1.7m | |
22/27 |
1.8m | 1.7m | |
22 |
1.8m | 1.7m | |
23 |
1,833 | - | |
29/58 |
523,874 | 768,919 | |
40/41 |
505,000 | 762,500 | |
41 |
505,000 | 762,500 | |
54/58 |
16,178 | 2,013 | |
490/1 |
2,696 | 4,406 | |
| Balance sheet: equity and liabilities | |||
10/49 |
2.3m | 2.4m | |
10/15 |
557,241 | 658,247 | |
10/11 |
750,000 | 750,000 | |
14 |
-192,759 | -91,753 | |
17/49 |
1.7m | 1.8m | |
17 |
344,344 | 365,873 | |
170/4 |
344,344 | 365,873 | |
42/48 |
1.4m | 1.4m | |
42 |
21,528 | 20,733 | |
43 |
836,000 | 829,328 | |
430/8 |
- | 193,328 | |
439 |
836,000 | 636,000 | |
44 |
9,351 | 67,246 | |
440/4 |
9,351 | 67,246 | |
47/48 |
508,395 | 491,475 | |
492/3 |
3,058 | 604 | |
| Income statement | |||
9900 |
33,702 | -7,711 | |
630 |
77,591 | 48,683 | |
640/8 |
4,869 | 4,938 | |
9901 |
-48,758 | -61,332 | |
75/76B |
- | 1 | |
75 |
- | 1 | |
65/66B |
52,247 | 30,422 | |
65 |
52,247 | 30,422 | |
9903 |
-101,006 | -91,753 | |
9904 |
-101,006 | -91,753 | |
9905 |
-101,006 | -91,753 | |
| Appropriation of the result | |||
9906 |
-192,759 | -91,753 | |
14P |
-91,753 | - | |
| Document | |||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 09-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 28,832 | -12,649 | ||
| -23,415 | -43,070 | ||
| 169,048 | 1.7m | ||
| 14,164 | - | ||
| -851,400 | -639,863 | ||
| 24.4% | 27.0% | ||
| 0.38 | 0.55 | ||
| 3.09 | 2.70 | ||
| -18.1% | -13.9% | ||
| -4.4% | -3.8% | ||
| 0.55 | -0.42 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €169,048 | €1.7m |
| €77,591 | €48,683 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on PRIVAS
The operating result for 2025 is a loss of €48,758, smaller than the loss of €61,332 in 2024.
Debt's share of the balance-sheet total rises from 73.0% to 75.6%. Equity and debt are lower.
Board & ownership
Board
2 directors, since incorporationDirector
since 29-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 09-07-2026
Director
since 29-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 09-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Bestuur Het bestuursorgaan zal overeenkomstig artikel 5:73 WVV, alle handelingen verrichten die nodig of dienstig zijn tot verwezenlijking…”deed of 03-07-2023
Mandates through the years
2 names, the dashed line is todayBRYSE Francine Severine Simonne
Director
Director
D'UNION Jean Paul
Director
Director
Board
Mandates as a list
- BRYSE Francine Severine Simonne
- Director, from 29-06-2023 to date
- D'UNION Jean Paul
- Director, from 29-06-2023 to date
Control
This company
PRIVAS
Equity €557,241
Loss €101,006 in 2025
Capital
- Contribution
- €750,000
- Shares
- 1,000
- Contribution per share
- €750
- Equity per share
- €557 in 2025
- Source
- deed of 03-07-2023
Articles of association
deed of 03-07-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene vergadering kan mandaat steeds beëindigen wegens wettige reden zonder opzeggingstermijn of vertrekvergoeding”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 1,000 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 19:00
Shareholders
At incorporation
deed of 03-07-2023 ↗
- D'UNION Jean Paul 500 shares (50%) · €375,000
- BRYSE Francine Severine Simonne 500 shares (50%) · €375,000
Network & group
No group
PRIVAS has no parent and no holdings in its annual accounts. PRIVAS shares no director with another company.
At the same address
Armand Verheydenstraat 6A, 3053 Oud-Heverlee · 6 other companies| CALISTO
registered office since 30-04-2009 · founded in 2009 · negative equity (2025) |
total assets €1.9m (2025) 0811.468.346 |
| NUBRIX
registered office since 16-08-2005 · founded in 2005 · negative equity (2025) |
total assets €1.8m (2025) 0875.644.239 |
| TGB
registered office since 25-06-2024 · founded in 2024 · negative equity (2025) |
total assets €829,909 (2025) 1010.757.321 |
| FRATO
registered office since 01-02-2024 · founded in 2024 |
total assets €65,421 (2025) 1005.531.593 |
| Canadel
registered office since 04-07-2024 |
founded in 2024 1020.625.090 |
| F Sport Promotions
registered office since 11-09-2015 |
founded in 2015 0636.991.971 |
Timeline
Timeline
6 events since 2023Filings
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 22 days before the deadline
2025
Annual accounts 2024 filed PDFabbreviated format · 26 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803378645
2024
Registered office moved from Leuven to HaasrodeNew registered office: Armand Verheydenstraat 6A, 3053 Haasrode · Previous registered office: Waversebaan 174, 3001 Leuven · Board meeting of 29-05-20242 points ▸
- Board meeting, 29-05-2024
- Registered-office move, Armand Verheydenstraat 6A, 3053 Haasrode
- The deed holds 1 more point.
2023
IncorporationFounding capital of €750,000, 1,000 shares, €25,000 paid up · Founders: D'UNION Jean Paul and BRYSE Francine Severine Simonne · Appointments: D'UNION Jean Paul (director) and BRYSE Francine Severine Simonne (director) · published on 03-07-20236 points ▸
- Registered office clause, Waversebaan 174, 3001 Leuven (Heverlee)
- Director appointment, D'UNION Jean Paul
- Director appointment, BRYSE Francine Severine Simonne
- Founder, D'UNION Jean Paul
- Founder, BRYSE Francine Severine Simonne
- Founding capital, €750,000, 1,000 shares
- The deed holds 1 more point.
First establishment Armand Verheydenstraat 6, Oud-Heverlee
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0803.378.645
- VAT number
- BE 0803.378.645
- Peppol ID
- 0208:0803378645
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 29-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Thursday of June at 19:00deed of 03-07-2023 (in Dutch)
- Peppol
- Reachable since 23-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- PRIVAS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-07-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 03-07-2023 (in Dutch)
Activities
NACEBEL 202568110
Buying and selling of own real estate main activity
Codes under NACEBEL 2008
68100
Real estate activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Handel in eigen onroerend goed: flatgebouwen en woningen niet voor bewoning bestemde gebouwen, grond; Verkoop van eigen handelszaken en van…”deed of 03-07-2023 (in Dutch)
21 activities
- Handel in eigen onroerend goed: flatgebouwen en woningen niet voor bewoning bestemde gebouwen, grond.
- Verkoop van eigen handelszaken en van zelf verworven sleutelgeld (overname).
- Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen.
- Verhuur van al dan niet gemeubelde appartementen en huizen.
- Verhuur van appartementen in hotels.
- Exploitatie van onroerend goed in de vorm van timesharing.
- Verhuur en exploitatie van sociale woningen.
- Projectontwikkeling met het oog op de verhuur van woningen door huisvestingsmaatschappijen en maatschappijen voor goedkope woningen.
- Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen.
- Verhuur van niet-residentiële gebouwen zoals kantoorgebouwen, handelspanden, tentoonstellingsruimtes, enz.
- Verhuur per jaar van garageboxen en staanplaatsen voor auto's.
- Verhuur van handelszaken (in een stelsel van vrije geranten).
- Verhuur en exploitatie van terreinen.
- Verhuur van grond en terreinen, ook indien bebouwd, voor landbouwdoeleinden.
- Verhuur van staanplaatsen voor caravans voor een periode van een jaar of meer.
- Overige ondersteunende activiteiten in verband met financiële diensten, exclusief verzekeringen en pensioenfondsen, n.e.g.
- Vermogensbeheer.
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, huur en verhuur van roerende goederen, het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- De vennootschap kan tevens bestuurder of vereffenaar zijn in andere vennootschappen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Armand Verheydenstraat 6A registered office 3053 Oud-Heverlee | ||
| Armand Verheydenstraat 6 3053 Oud-Heverlee 6811001 Buying and selling of own real estate | 29-06-2023 | 2.347.438.897 |
1 former office
- Waversebaan 174, 3001 Leuven until 29-05-2024 · deed of 01-07-2024
Buildings and parcels at the address
- Ground area
- 1,481 m²
- Buildings
- 479 m²
- Volume, LiDAR
- 2,643 m³
- Tallest building
- 8.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24034C0234/00B002 | 1,481 m² | 2 · 479 m² | 8.2 m · 2 |