REAL ESTATE COMPANY
ActiveSummary
REAL ESTATE COMPANY has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €431k and a net result of €67k. Equity is growing by ~3.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▲+7
Solvency64▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.0 in 2023; short-term debt: 3.2% and cash: 0.7% of total assets), and 61.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
22 d late
2022
46 d early
2021
8 d late
2020
2 d late
2019
11 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€431k▲ 18.3%
2023 · €364k
2018: €361k
2019: €320k
2020: €304k
2021: €372k
2022: €361k
2023: €364k
2018 → 2024
Total assets
€1.11M▲ 53.7%
2023 · €723k
2018: €692k
2019: €844k
2020: €830k
2021: €841k
2022: €792k
2023: €723k
2018 → 2024
Net result
€67k▲ 1,990%
2023 · €3k
2018: €-5k
2019: €-41k
2020: €-16k
2021: €68k
2022: €-12k
2023: €3k
2018 → 2024
Working capital
€1k▲ 480%
2023 · €236
2018: €-56k
2019: €-55k
2020: €-73k
2021: €91k
2022: €71k
2023: €236
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€304k-€372k▲ 22.5%€361k▼ 3.1%€364k▲ 0.9%€431k▲ 18.3%
Operating result€-4k-€108k€5k▼ 95.4%€5k▼ 2.9%€113k▲ 2,235%
Net result€-16k-€68k€-12k€3k€67k▲ 1,990%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,235% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11M
Fixed assets
€1.07M ▲ 67.4%
Current assets
€37k ▼ 54.4%
Equity and liabilities €1.11M
Equity
€431k ▲ 18.3%
Provisions
€89k ▲ 47.7%
Debt
€591k ▲ 98.2%
Debt's share of the balance-sheet total rises from 41.3% to 53.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€167k▲
2023 · €41k
Cash flow
€120k▲
2023 · €39k
Current ratio
1.04▲
2023 · 1.00
Debt to equity
1.37▲
2023 · 0.82
ROE
15.5%▲
2023 · 0.9%
ROA
6.0%▲
2023 · 0.4%
Interest coverage
9.25▲
2023 · 7.20
Debt ≤ 1 year
€36k▼
2023 · €81k
Debt > 1 year
€556k▲
2023 · €217k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€723k€1.11M▲
Fixed assets21/28€642k€1.07M▲
Tangible fixed assets22/27€642k€1.07M▲
Land and buildings22€635k€1.07M▲
Plant, machinery and equipment23€2k€4k▲
Furniture and vehicles24€4k€4k▼
Current assets29/58€81k€37k▼
Amounts receivable within one year40/41€645€728▲
Other amounts receivable41€645€728▲
Current investments50/53€77k€29k▼
Cash at bank and in hand54/58€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€723k€1.11M▲
Equity10/15€364k€431k▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€155k€244k▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€149k€238k▲
Profit (loss) carried forward14€144k€121k▼
Provisions and deferred taxes16€61k€89k▲
Deferred taxes168€61k€89k▲
Amounts payable17/49€298k€591k▲
Amounts payable after more than one year17€217k€556k▲
Financial debts170/4€192k€556k▲
Other amounts payable178/9€25k-
Amounts payable within one year42/48€81k€36k▼
Current portion of amounts payable after more than one year42€62k€30k▼
Trade debts44-€661
Suppliers440/4-€661
Other amounts payable47/48€19k€5k▼
Income statement
Code20232024
Non-recurring operating income76A-€150k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€53k▲
Other operating charges640/8€8k€8k▲
Gross operating margin9900€49k€175k▲
Operating profit (loss)9901€5k€113k▲
Financial income75/76B€2k€278▼
Recurring financial income75€2k€278▼
Financial charges65/66B€6k€18k▲
Recurring financial charges65€6k€18k▲
Profit (loss) for the period before taxes9903€755€96k▲
Transfer from deferred taxes780€2k€9k▲
Transfer to deferred taxes680-€37k
Profit (loss) for the period9904€3k€67k▲
Transfer from tax-exempt reserves789€5k€23k▲
Transfer to tax-exempt reserves689-€112k
Profit (loss) for the period to be appropriated9905€8k€-23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€144k€121k▼
Profit (loss) brought forward from the previous period14P€136k€144k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Back to profitnet €68k
Net result €68k after 3 loss-making years.
31-12
Financial
Liquidity times 13current ratio 2.91
Current ratio from 0.22 to 2.91; short-term debt falls from €93k to €47k.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
31-12
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Diest · 1 establishment unit since 1994
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.
Wijngaardstraat 173290 DiestGround area
1,560 m²
Building footprint
350 m²
Volume, LiDAR
2,441 m³
2 parcels, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
REAL ESTATE COMPANY, afgekort R.E.C.
since 19942.065.918.470
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24020B0021/00Z000 | Flanders | 1,313 m² | 1 · 267 m² | 11.1 m · 3 fl. |
| 24020B0018/00X000 | Flanders | 247 m² | 1 · 82 m² | 10.6 m · 3 fl. |
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.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-12-1993
Fiscal year end31-12
Abbreviation NL
R.E.C.
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.