PROPERTIES INVESTMENT
ActiveThe file of PROPERTIES INVESTMENT contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.3% (very low). The 2024 annual accounts show negative equity (€-1.12M) and a net result of €-406k. Equity is shrinking by ~64.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 19357 sector peers (fiscal year 2024).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▼-47
Solvency7▼-7
Growth32=
Track record85
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.07 in 2023; short-term debt: 2.9% and cash: 0.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-17.6%
Return on assets
-6.4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-1.12M
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 30-10-2025, 91 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 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
61 d late
2022
37 d late
2021
22 d late
2020
25 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-1.12M▼ 56.6%
2023 · €-717k
2018: €347k
2019: €165k
2020: €-28k
2021: €-329k
2022: €-493k
2023: €-717k
2018 → 2024
Total assets
€6.39M▼ 5.4%
2023 · €6.76M
2018: €8.64M
2019: €8.23M
2020: €7.86M
2021: €7.47M
2022: €7.16M
2023: €6.76M
2018 → 2024
Net result
€-406k▼ 81.2%
2023 · €-224k
2018: €-205k
2019: €-182k
2020: €-193k
2021: €-301k
2022: €-165k
2023: €-224k
2018 → 2024
Working capital
€-146k▲ 50.3%
2023 · €-293k
2018: €-5.84M
2019: €-6.26M
2020: €-6.19M
2021: €-6.21M
2022: €-6.12M
2023: €-293k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-28k-€-329k▼ 1,079%€-493k▼ 50.1%€-717k▼ 45.4%€-1.12M▼ 56.6%
Operating result€-191k-€-299k▼ 56.5%€-127k▲ 57.3%€-223k▼ 74.7%€-156k▲ 30.1%
Net result€-193k-€-301k▼ 55.8%€-165k▲ 45.2%€-224k▼ 36.1%€-406k▼ 81.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €156k in 2024 against €223k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.39M
Fixed assets
€6.36M ▼ 5.7%
Current assets
€37k ▲ 76.3%
Key figures and ratios
EBITDA
€228k▲
2023 · €162k
Cash flow
€-22k▼
2023 · €160k
Solvency
-17.6%▼
2023 · -10.6%
Current ratio
0.20▲
2023 · 0.07
Debt to equity
-6.69▲
2023 · -10.43
ROA
-6.4%▼
2023 · -3.3%
Interest coverage
0.91▼
2023 · 109.17
Debt
€7.52M▲
2023 · €7.48M
Debt ≤ 1 year
€183k▼
2023 · €314k
Debt > 1 year
€7.32M▲
2023 · €7.16M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€6.76M€6.39M▼
Fixed assets21/28€6.74M€6.36M▼
Tangible fixed assets22/27€6.70M€6.32M▼
Land and buildings22€6.67M€6.29M▼
Plant, machinery and equipment23€35k€31k▼
Furniture and vehicles24€0-
Financial fixed assets28€38k€38k=
Current assets29/58€21k€37k▲
Amounts receivable within one year40/41€13k€6k▼
Trade receivables40€13k€6k▼
Cash at bank and in hand54/58€17€20k▲
Deferred charges and accrued income490/1€8k€11k▲
Equity and liabilities
Total equity and liabilities10/49€6.76M€6.39M▼
Equity10/15€-717k€-1.12M▼
Contributions10/11€5.60M€5.60M=
Profit (loss) carried forward14€-6.32M€-6.73M▼
Amounts payable17/49€7.48M€7.52M▲
Amounts payable after more than one year17€7.16M€7.32M▲
Financial debts170/4€1.31M€1.47M▲
Other amounts payable178/9€5.85M€5.85M=
Amounts payable within one year42/48€314k€183k▼
Current portion of amounts payable after more than one year42€89k€91k▲
Trade debts44€48k€63k▲
Suppliers440/4€48k€63k▲
Other amounts payable47/48€178k€29k▼
Accrued charges and deferred income492/3-€10k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€384k€384k=
Other operating charges640/8€28k€30k▲
Gross operating margin9900€190k€258k▲
Operating profit (loss)9901€-223k€-156k▲
Financial income75/76B€25€3▼
Recurring financial income75€25€3▼
Financial charges65/66B€1k€250k▲
Recurring financial charges65€1k€250k▲
Profit (loss) for the period before taxes9903€-224k€-406k▼
Profit (loss) for the period9904€-224k€-406k▼
Profit (loss) for the period to be appropriated9905€-224k€-406k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6.32M€-6.73M▼
Profit (loss) brought forward from the previous period14P€-6.10M€-6.32M▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet €-406k
Net result drops to €-406k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
29-03
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PROPERTIES INVESTMENT BVBA BOTER- MELKBAAN 10, 2900 SCHOTEN · event 23-03-2023
15-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PROPERTIES INVESTMENT BVBA BOTERMELKBAAN 10, 2900 SCHOTEN · event 09-02-2023
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 68 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are 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, Brecht · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eendrachtslaan 232960 BrechtGround area
3,244 m²
Building footprint
1,991 m²
Volume, LiDAR
45,678 m³
2 parcels, Brussels, Flanders · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 489, 1050 Elsene
since 19912.051.184.863
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 fl. |
| 11009M0065/00R016 | Flanders | 1,411 m² | 1 · 160 m² | 3.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIESBET JACOBS POPULIERENLAAN 43, 2630 AARTSE-
LAAR |
09-02-2023 → 23-03-2023 |
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,680 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.