PROPETAN

Active

Public limited companyfounded 194580 yrs activeChaussée de Louvain 479, 1380 Lasne, BelgiumKBO/BCE: BE 0405.694.085

Summary

The computed 12-month bankruptcy probability of PROPETAN is 1.6% (moderate). The annual accounts of PROPETAN for fiscal year 2025 show a net loss of 97% of the equity at the start of that year. The 2025 annual accounts show equity of €1,321 and a net result of -€50,223. Equity is shrinking by ~23.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 14% of 5063 sector peers (fiscal year 2025). The company has been active since 1945 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

PROPETANActiveChecked score 53/100

Risk analysis Report Compare

Activity

Development of residential building projects

NACE 68121Real estate development NACE 41101

#2 oldest company in Lasne, Real estate sector1 site

Size

€2.9mtotal assets 2025

Equity: €1,321
Loss: -€50,223

Financial health

53 Fair Checked score 2025

Bankruptcy chance 12 m: 1.6%

Structure

Parent: PROPINTRA · 100%
Holdings: 1

Accounts 31 d early0 of 6 deeds read

Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Figures for FY 2024 (filed 14-08-2025)- Liquidity: current ratio 2.95, cash €2,436- Equity €51,544 (1.7% of total assets)+ Size: total assets €3.0mShow the evidence

Checked score

Score 2025

53 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 21% of its sector peers (NACE 68, small)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 25-2

equity 0.0% of total assets

Liquidity 74+28

short-term debt 30.5%

Profitability 33+11

return on assets -1.7%

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 0.1% (6,922 companies)

Last 24 months 11-2024: 0.7% 12-2024: 0.7%● 0.0% vs 11-2024 01-2025: 0.7%● 0.0% vs 12-2024 02-2025: 0.7%▲ +2.0% vs 01-2025 03-2025: 0.7%● 0.0% vs 02-2025 04-2025: 0.7%● 0.0% vs 03-2025 05-2025: 0.7%▲ +0.1% vs 04-2025 06-2025: 0.7%▲ +1.8% vs 05-2025 07-2025: 0.9%▲ +24.1% vs 06-2025 08-2025: 1.2%▲ +44.6% vs 07-2025 09-2025: 0.4%▼ -66.3% vs 08-2025lowest value 10-2025: 0.4%● 0.0% vs 09-2025lowest value 11-2025: 0.4%● 0.0% vs 10-2025lowest value 12-2025: 0.4%● 0.0% vs 11-2025lowest value 01-2026: 0.4%● 0.0% vs 12-2025lowest value 02-2026: 0.4%▲ +1.9% vs 01-2026 03-2026: 0.4%● 0.0% vs 02-2026 04-2026: 0.4%● 0.0% vs 03-2026 05-2026: 0.4%▲ +0.2% vs 04-2026 06-2026: 0.4%▲ +1.2% vs 05-2026 07-2026: 0.4%▲ +4.4% vs 06-2026 08-2026: 0.8%▲ +74.3% vs 07-2026 09-2026: 1.0%▲ +25.9% vs 08-2026 10-2026: 1.6%▲ +58.2% vs 09-2026highest value

Figures for FY 2024 (filed 14-08-2025) raises the probability
Liquidity: current ratio 2.95, cash €2,436 raises the probability
Size: total assets €3.0m lowers the probability for this profile
Equity €51,544 (1.7% of total assets) raises the probability

No publishable credit limit; credit only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 1.53 against 2.95 in 2024; short-term debt: 30.5% of total assets), but 100% of the assets are financed with debt.

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, small). Better than this share of them on solvency 18%, liquidity 44%, profitability 16%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. 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.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2024 (filed 14-08-2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Liquidity: current ratio 2.95, cash €2,436

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €3.0m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Equity €51,544 (1.7% of total assets)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€50,223

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5063 sector peers (2025).

NBB · sector comparison

Position among 5063 sector peers

Solvency

better than 14%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

31 d early

2024

14 d late

2023

on the day

2022

31 d early

2021

13 d early

2020

32 d early

2019

91 d late

← 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 on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 18 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

03-10-2026 today31-12-2026 close31-07-2027 deadline

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

30-06-26 Annual accounts filedfiscal year 2025 · full…
14-08-25 Annual accounts filedfiscal year 2024 · full…
31-07-24 Annual accounts filedfiscal year 2023 · full…

Key points

Risk: 6 loss-making years in a rowloss fiscal year 2025 -€50,223 View
Caution: Equity fell in 2025from €51,544 to €1,321 ▼ 97.4% View
Caution: Among the weakest 14% on solvencysector median 38.3% · 5,063 companies 0.0% View
Controlled by PROPINTRAultimately: IMOCOBEL 100% View
Active since 1945founded 20-12-1945 80 years View