Losses
-€105,396 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Properties Plus
Lifetime
12 annual accounts with figures on one time axispeak €207,811 (2020)
€56,068▲ €62,641
lowest -€70,469 (2024)
-€34,927▲ €35,542
peak €401,469 (2023)
€296,073▼ 10.6%
€2.7m▲ 30.5%
peak 0 FTE (2024)
-not published
Board2 names since 2012
1 director
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€6,573 to €56,068Loss of €34,927Merger: PROPERTIES PLUS takes over HAERINCK DIRK 29-08Merger proposal: PROPERTIES PLUS takes over HAERINCK DIRK 30-06Power of attorney: 27-06Debts from €2.0m to €2.7m
Key points
from the 2025 annual accountsTurnover
≈ €150,000 estimated
The accounts state no turnover.
Debts
€2.7m 90% of the balance sheet
Financial debts 42%Suppliers 0%Taxes and wages 0%Other 58%
Of this, €1.6m falls due within a year.
Investments
€1.1m 7.3 × depreciation
Green is investment, beige is depreciation.
Restructuring
2025
Merger with HAERINCK DIRK. Merger on 31-07-2025.
Position in the sector
-€34,927
Lower net result than 80% of companies in real estate. Sector median €9,976 · 11,288 companies.
2025 accounts filed 31 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,423 companies had the same profile as Properties Plus has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 1,423 companies, not a prediction for Properties Plus. 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
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0847441785
Merger: PROPERTIES PLUS takes over HAERINCK DIRK
Dissolution of the company · Dissolved without liquidation on 31-07-2025 · Books and records kept by PROPERTIES PLUS · General meeting of 31-07-2025 · Gazette deed
Merger proposal: PROPERTIES PLUS takes over HAERINCK DIRK
The company holds all the shares of HAERINCK DIRK · Gazette deed
Amendment of the articles
General meeting of 16-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Properties Plus Pittem | €3.0m | €56,068 | 10.0% | - |
| WESTBOUW Middelkerke | €2.9m | €52,980 | 42.9% | - |
| JOYE - DEPOORTER Ostend | €2.9m | €82,167 | -2.8% | - |
| LES VILLAS DE BALMORAL Liège | €3.0m | €49,414 | -25.0% | - |
| HORNBEAM HEDGE Grimbergen | €2.8m | €55,020 | -37.3% | - |
| Yo Uccle | €3.0m | €57,645 | -47.3% | - |
| MAPIOTIQUE Namur | €3.0m | €62,182 | -1.1% | - |
These companies have the same main activity as Properties Plus: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2.8m and €3m, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 16-07-2012Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.212.854.7638740 Pittem, since 16-07-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 09-02-2026
Insights on Properties Plus
Properties Plus files the abbreviated format. That format states no turnover. The gross margin rose from -€2,997 in 2014 to €56,068 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Properties Plus
- What is the company number of Properties Plus?
- The company number of Properties Plus is 0847.441.785. The VAT number is the same number with BE in front: BE 0847.441.785.
- Where is Properties Plus based?
- The registered office is at Kapelleweg 25, 8740 Pittem.Company details
- What does Properties Plus do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of Properties Plus?
- Properties Plus is a private limited company (BV).
- When was Properties Plus founded?
- Properties Plus was founded on 16-07-2012.
- Is Properties Plus still active?
- Yes, Properties Plus is an active enterprise in the KBO register.
- What is the turnover of Properties Plus?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €56,068 and 48 comparable companies (NACE 681). It probably lies between €76,000 and €350,000.Financials
- Is Properties Plus profitable?
- In financial year 2025, Properties Plus made a loss of €34,927.
- Where can I find the annual accounts of Properties Plus?
- Properties Plus filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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