Equity
PROPOLIS has made a profit without a break since 2021.
PROPOLIS has made a profit without a break since 2021.
The accounts state no turnover.
Of this, €775,044 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 29.9% higher than in 2024.
Four of the last ten came late. The 2024 accounts came latest: 53 days after the end of the period.
Lower solvency than 80% of companies in construction of buildings. Sector median 38.6% · 2,816 companies.
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 20% of them on solvency, 7% on liquidity, 27% on profitability and 77% on growth.
The bankruptcy probability was computed on 09-11-2026 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 low class on 30-06-2025, 0.8% 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).
In July 2024, 4,508 companies had the same profile as PROPOLIS has now. Each dot stands for 12 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PROPOLIS itself: 0.8% within 12 months.
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 4,508 companies, not a prediction for PROPOLIS. 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.
Liquidity is tight, with a current ratio of 1.09 (1.06 in 2024), below the usual 1.5. Short-term debt is 84.1% and cash 2.3% of total assets. 88.3% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| PROPOLIS Erezée | €0.9m | €80,387 | 11.7% | - |
| BATTO Ghent | €1.0m | €74,002 | 55.8% | - |
| DECLA BOUW Zedelgem | €0.9m | €87,928 | 9.5% | - |
| LVL CONSTRUCT Villers-la-Ville | €0.8m | €87,491 | 4.7% | - |
| Franken Bree | €1.1m | €84,139 | 58.0% | - |
| LEESEN BOUW - AFBOUW EN FINISHERS Riemst | €0.9m | €84,146 | 29.6% | - |
| ISOLE TOIT Schaerbeek | €0.8m | €92,645 | 23.7% | - |
These companies have the same main activity as PROPOLIS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €774,000 and €1.1m, founded between 2011 and 2014.
PROPOLIS files the abbreviated format. That format states no turnover. The gross margin rose from €13,597 in 2013 to €80,387 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €220,000 and €450,000.
Higher than 20% of 2,816 companies in 2025.
Higher than 26% of 2,745 companies in 2025.
Higher than 49% of 2,781 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 3 people joined and 2 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
921,243 | 777,361 | 203,209 | 183,321 | 258,178 | 249,537 | 222,696 | 185,125 | 178,522 | 86,267 | 86,538 | 70,890 | 76,579 | |
21/28 |
79,711 | 32,249 | 24,743 | 30,789 | 35,462 | 14,808 | 13,955 | 2,413 | 2,494 | 1,252 | 4,578 | 8,353 | 11,569 | |
22/27 |
69,156 | 21,549 | 14,043 | 20,789 | 25,462 | 4,808 | 3,955 | 2,413 | 2,494 | 1,252 | 4,578 | 8,274 | 11,569 | |
23 |
7,169 | 5,518 | 562 | 1,378 | 2,874 | - | - | 558 | 1,115 | 299 | 2,748 | 5,440 | 2,821 | |
24 |
61,987 | 16,031 | 13,480 | 19,411 | 22,587 | 4,808 | 3,955 | 1,855 | 1,378 | 953 | 1,829 | 2,834 | 8,748 | |
28 |
10,556 | 10,700 | 10,700 | 10,000 | 10,000 | 10,000 | 10,000 | - | - | - | - | 79 | - | |
29/58 |
841,531 | 745,112 | 178,466 | 152,532 | 222,716 | 234,729 | 208,741 | 182,712 | 176,029 | 85,015 | 81,960 | 62,537 | 65,010 | |
3 |
- | - | - | 6,976 | 108,133 | 198,124 | 56,346 | 9,347 | - | - | - | - | - | |
30/36 |
- | - | - | 6,976 | 108,133 | 198,124 | 56,346 | 9,347 | - | - | - | - | - | |
40/41 |
820,279 | 619,147 | 172,785 | 84,303 | 82,322 | 23,138 | 53,668 | 44,967 | 112,251 | 30,372 | 56,527 | 16,913 | 14,619 | |
40 |
44,960 | 11,555 | 11,384 | 30,586 | 5,013 | 14,141 | 40,650 | 41,752 | 107,998 | 28,346 | 56,290 | - | 408 | |
41 |
775,318 | 607,593 | 161,402 | 53,717 | 77,309 | 8,997 | 13,018 | 3,215 | 4,253 | 2,026 | 236 | 16,913 | 14,211 | |
54/58 |
21,028 | 125,625 | 5,681 | 61,253 | 32,261 | 13,467 | 98,727 | 128,397 | 63,777 | 54,644 | 25,433 | 44,662 | 50,262 | |
490/1 |
225 | 340 | - | - | - | - | - | - | - | - | - | 962 | 129 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
921,243 | 777,361 | 203,209 | 183,321 | 258,178 | 249,537 | 222,696 | 185,125 | 178,522 | 86,267 | 86,538 | 70,890 | 76,579 | |
10/15 |
107,398 | 74,482 | 59,472 | 56,645 | 31,825 | 30,583 | 65,306 | 69,547 | 68,320 | 72,954 | 71,359 | 60,878 | 64,041 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 2,000 | 2,000 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 2,000 | 2,000 | |
14 |
39,198 | 6,282 | -8,728 | -11,555 | -36,375 | -37,617 | -2,894 | 1,347 | 120 | 4,754 | 3,159 | -3,122 | 41 | |
17/49 |
813,845 | 702,879 | 143,736 | 126,676 | 226,352 | 218,954 | 157,391 | 115,578 | 110,202 | 13,313 | 15,179 | 10,012 | 12,538 | |
17 |
38,802 | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
38,802 | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
775,044 | 702,879 | 143,736 | 125,836 | 226,352 | 218,954 | 157,391 | 115,578 | 110,202 | 13,313 | 15,179 | 10,012 | 12,538 | |
42 |
8,798 | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
- | 3,312 | 5,240 | 5,059 | - | 37,459 | 6,670 | 5,376 | - | 3,694 | 4,352 | 2,311 | 7,522 | |
440/4 |
- | 3,312 | 5,240 | 5,059 | - | 37,459 | 6,670 | 5,376 | - | 3,694 | 4,352 | 2,311 | 7,522 | |
46 |
- | 46,704 | - | - | - | 22,786 | - | - | - | - | - | - | - | |
45 |
12,406 | 15,276 | 8,391 | 4,600 | - | - | - | - | - | 2,092 | 2,100 | - | - | |
450/3 |
12,406 | 15,276 | 8,391 | 4,600 | - | - | - | - | - | 2,092 | 2,100 | - | - | |
47/48 |
753,840 | 637,587 | 130,106 | 116,177 | 226,352 | 158,709 | 150,721 | 110,202 | 110,202 | 7,527 | 8,727 | 7,701 | 5,016 | |
492/3 |
- | - | - | 840 | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
9900 |
80,387 | 28,605 | 14,472 | 39,922 | 43,109 | -19,715 | 460 | 3,942 | -2,938 | 4,982 | 18,385 | 4,049 | 13,597 | |
62 |
27,205 | - | - | 14 | 27,414 | 2,693 | - | - | - | - | - | 211 | 305 | |
630 |
8,076 | 4,927 | 6,675 | 6,092 | 3,880 | 2,096 | 3,186 | 1,830 | 1,546 | 3,326 | 5,285 | 6,924 | 10,371 | |
640/8 |
917 | 8,832 | 2,704 | 1,885 | 1,342 | 1,504 | 13 | 1,043 | - | 124 | 496 | 513 | 844 | |
9901 |
44,190 | 14,845 | 5,093 | 31,931 | 10,473 | -26,007 | -2,739 | 1,070 | -4,484 | 1,532 | 12,604 | -3,599 | 2,077 | |
75/76B |
17,001 | 7,937 | 380 | 14 | 661 | 23 | 42 | 196 | 24 | 87 | 24 | 476 | 21 | |
75 |
17,001 | 7,937 | 380 | 14 | 661 | 23 | 42 | 196 | 24 | 87 | 24 | 476 | 21 | |
65/66B |
18,455 | 7,772 | 2,527 | 7,126 | 9,891 | 8,739 | 1,544 | 39 | 37 | 31 | 46 | 44 | 53 | |
65 |
18,455 | 7,772 | 2,527 | 7,126 | 9,891 | 8,739 | 1,544 | 39 | 37 | 31 | 46 | 44 | 53 | |
9903 |
42,735 | 15,010 | 2,947 | 24,819 | 1,242 | -34,722 | -4,241 | 1,226 | -4,497 | 1,587 | 12,581 | -3,167 | 2,045 | |
67/77 |
9,820 | - | 120 | - | - | - | - | - | 136 | -8 | 2,100 | -4 | 4 | |
9904 |
32,915 | 15,010 | 2,827 | 24,819 | 1,242 | -34,722 | -4,241 | 1,226 | -4,633 | 1,595 | 10,481 | -3,163 | 2,041 | |
9905 |
32,915 | 15,010 | 2,827 | 24,819 | 1,242 | -34,722 | -4,241 | 1,226 | -4,633 | 1,595 | 10,481 | -3,163 | 2,041 | |
| Appropriation of the result | ||||||||||||||
9906 |
39,198 | 6,282 | -8,728 | -11,555 | -36,375 | -37,617 | -2,894 | 1,347 | 120 | 4,754 | 7,359 | -3,122 | 2,041 | |
14P |
6,282 | -8,728 | -11,555 | -36,375 | -37,617 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 4,200 | - | 2,000 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 4,200 | - | 2,000 | |
| Social balance sheet | ||||||||||||||
9087 |
0.8 | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
912 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 12 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 21-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-07-2026 | 2026-00319110 | |
| 31-12-2024 | micro format | 22-09-2025 | 2025-00499360 | |
| 31-12-2023 | micro format | 30-07-2024 | 2024-00330626 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00319022 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20235513 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-54700399 | |
| 31-12-2019 | micro format | 08-09-2020 | 2020-51800563 | |
| 31-12-2018 | micro format | 03-07-2019 | 2019-30600333 | |
| 31-12-2017 | micro format | 14-08-2018 | 2018-46000088 | |
| 31-12-2016 | full format | 06-07-2017 | 2017-28500034 | |
| 31-12-2015 | full format | 29-06-2016 | 2016-23900061 | |
| 31-12-2014 | full format | 21-08-2015 | 2015-44700479 | |
| 31-12-2013 | full format | 10-12-2014 | 2014-69000002 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52,265 | 19,773 | 11,768 | 38,023 | 14,352 | -23,911 | 447 | 2,900 | -2,938 | 4,858 | 17,888 | 3,325 | 12,448 | ||
| 40,991 | 19,938 | 9,502 | 30,912 | 5,122 | -32,627 | -1,055 | 3,056 | -3,088 | 4,921 | 15,766 | 3,761 | 12,412 | ||
| 56,238 | 22,425 | 1,313 | 3,304 | 24,533 | 2,949 | 14,728 | 1,749 | 2,787 | 0 | 1,588 | 7,308 | 21,940 | ||
| -104,596 | 119,944 | -55,573 | 28,993 | 18,794 | -85,260 | -29,670 | 64,620 | 9,134 | 29,210 | -19,229 | -5,600 | - | ||
| 66,488 | 42,233 | 34,730 | 26,696 | -3,636 | 15,775 | 51,350 | 67,134 | 65,827 | 71,702 | 66,781 | 52,525 | 52,472 | ||
| 11.7% | 9.6% | 29.3% | 30.9% | 12.3% | 12.3% | 29.3% | 37.6% | 38.3% | 84.6% | 82.5% | 85.9% | 83.6% | ||
| 1.09 | 1.06 | 1.24 | 1.21 | 0.98 | 1.07 | 1.33 | 1.58 | 1.60 | 6.39 | 5.40 | 6.25 | 5.19 | ||
| 1.09 | 1.06 | 1.24 | 1.16 | 0.51 | 0.17 | 0.97 | 1.50 | 1.60 | 6.39 | 5.40 | 6.25 | 5.19 | ||
| 7.58 | 9.44 | 2.42 | 2.24 | 7.11 | 7.16 | 2.41 | 1.66 | 1.61 | 0.18 | 0.21 | 0.16 | 0.20 | ||
| 30.6% | 20.2% | 4.8% | 43.8% | 3.9% | -113.5% | -6.5% | 1.8% | -6.8% | 2.2% | 14.7% | -5.2% | 3.2% | ||
| 3.6% | 1.9% | 1.4% | 13.5% | 0.5% | -13.9% | -1.9% | 0.7% | -2.6% | 1.8% | 12.1% | -4.5% | 2.7% | ||
| 2.83 | 2.54 | 4.66 | 5.34 | 1.45 | - | - | - | - | - | - | - | - |
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.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.8 |
| 0.8 | |
| On a permanent contract | 1 |
| Joined | 3 |
| Left | 2 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €55,682 | €22,425 | €613 | €3,304 | €24,533 |
| Financial fixed assets | €556 | - | €700 | - | - |
| €8,076 | €4,927 | €6,675 | €6,092 | €3,880 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 198% higher than in 2024 and the highest since 2013. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 90.4% to 88.3%. Equity and debt are higher.
Source: list of holdings in its own 2025 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2020, in their own currency.
| Name | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| PHILETAIRUSFR | 20% | |||||
Source: list of holdings in its own accounts
The network starts from the directors of PROPOLIS. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Château, Fisenne 2 registered office 6997 Erezée | ||
| Avenue de Jassans 8A 1342 Ottignies-Louvain-la-Neuve | 22-08-2012 | 2.211.790.733 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25056B0216/00C002 | 580 m² | 1 · 91 m² | 10.3 m · 3 |
| 83048D1053/00B000 ProtectedMonument · Site or landscapeFaçades et toitures de l'ensemble des bâtiments du château ferme de Fisenne, ce inclus le logement du fermier situé dans l'aile sud-est (M) ainsi que les vestiges du parc et les alentours du château (S). Etablissement d'une zone de protection (ZP)Source ↗ | 349 m² | 1 · 360 m² | 21.7 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0847.412.982
If something looks wrong or is missing, please tell us.