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Real Estate Development Trust

Active Public limited companyfounded 2018active for 7 yearsMediaplein 1, 2018 AntwerpKBO/BCE: BE 0716.820.201 subsidiary of JOG

Lifetime

7 annual accounts with figures on one time axis
peak -€9,403 (2019)
-€12,193▲ €2,051
lowest -€9,341 (2019)
€253,850▲ 101%
peak €4.9m (2025)
€4.9m▲ 5.5%
€1.1m▲ 14×
peak 0 FTE (2023)
0 FTE 
Board7 names since 2018
4 directorsA.P.E. and 3 others
Owners4 names in the annual accounts
60%JOG
Documentsfilings and deeds
16-06-202645 days before the deadline
2025financial year
Gross margin from -€14,244 to -€12,193Result from €126,365 to €253,850Registered office moved within Antwerp 13-11Resignation: Stélina Invest NV (director) 10-10Debts from €83,654 to €1.1mCash from €201,954 to €23,581

Key points

from the 2025 annual accounts

Result

€253,850 ▲ 101%
€126,0002024€254,0002025

The result rose in 2025: mostly from a one-off income of €138,095.

Liquidity

2.33 was 13.65 in 2024

Short-term debts rose from €81,654 to €1.1m.

Filings

7 annual accounts since 2019
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 17 to 45 days before the end of the period.

Board

1 joined

New director. Latest change 18-03-2026 · 4 in office.

Checked score

86
Excellent
Financially stronger than 59% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: 0.1%▲ +0.1 percentage points vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.2 percentage points vs 06-2026highest value 08-2026: 0.3%▼ -0.1 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Strong

100=equity 81.1% of total assets
45-10short-term debt 18.9% · cash 0.4%
48+4return on assets 4.2%

Score breakdown

raises risk
1 change of registered office in 24 months
Liquidity: current ratio 2.33, cash €23,581, halved
lowers risk
Size: total assets €6.0m
Figures for financial year 2025 (filed on 16-06-2026)
Calculation

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 (no NACE code, small). It does better than 82% of them on solvency, 33% on liquidity, 53% on profitability and 69% on growth.

The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).

Credit verdict

Credit of up to €420,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.33 (13.65 in 2024), above the usual 1.5. Short-term debt is 18.9% and cash 0.4% of total assets. 18.9% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €6.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 2.33, cash €23,581, halved
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 16-06-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
45 days early
2024
41 days early
2023
22 days early
2022
17 days early
2021
31 days early
2020
30 days early
2019
17 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 29 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

J
Managing director, GIELEN Jo
BS
BELFILUX S.A.
Director, DE VOCHT Eric, since 26-10-2023
C
Director, Björn DILLIEN, since 18-03-2026
AP
A.P.E.
Director, since 26-10-2023
  • JOG 60%score 91equity €784,610 (2025) · 2025 annual accounts of JOG

Shares in 4 companies, including Arenberg24 and REDET Project Management

Board & ownership

Recent changes

1 director appointed CONTRARIAN BV (class A director) · Permanent representatives: Björn DILLIEN, Eric VERBEECK, Eric DE VOCHT and Jo GIELEN · General meeting of 13-04-2026 · Gazette deed
Registered office moved within Antwerp New registered office: Mediaplein 1 2018 Antwerpen · Previous registered office: Vijfhoekstraat 24 te 2600 Antwerpen (Berchem) · Board meeting of 09-10-2025 · Gazette deed
Resignation: Stélina Invest NV (director) Permanent representative: Stephane Verbeeck · Director discharge: Stélina Invest NV · Director discharge: Stephane Verbeeck (permanent representative) · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0716820201
All 20 events

Official details

Source: KBO
Status
Active since 24-12-2018Normal situation
Registered office
45 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
Activity
“Het beleggen,het intekenen op,vast overnemen,plaatsen,kopen,verkopen en verhandelen van aandelen,deelbewijzen,obligaties,warrants,certificaten,schuldvorderingen,gelden en andere roerende waarden,uitgegeven door…” (deed in Dutch)From the articles, 4 activitiesNo NACE code in the KBO yet
Establishment unit
2.316.910.8212018 Antwerp, since 24-12-2018
Financial year end
31 December
Peppol
Reachable since 04-08-2025
Company details

Annual accounts 2025

€6.0m▲ 27.8%
Filing
Filed on 16-06-2026, 45 days before the end of the filing period
Financials

Companies linked to Real Estate Development Trust

Insights on Real Estate Development Trust

The gross margin has grown every year since 2022. Solvency fell in 2025 from 98.2% to 81.1%.

JOG holds 60% of the shares. In October 2023, the Official Gazette published the appointment of JOG as managing director.

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 Real Estate Development Trust

What is the company number of Real Estate Development Trust?
The company number of Real Estate Development Trust is 0716.820.201. The VAT number is the same number with BE in front: BE 0716.820.201.
Where is Real Estate Development Trust based?
The registered office is at Mediaplein 1, 2018 Antwerp.Company details
What is the legal form of Real Estate Development Trust?
Real Estate Development Trust is a public limited company (NV).
When was Real Estate Development Trust founded?
Real Estate Development Trust was founded on 24-12-2018.
Is Real Estate Development Trust still active?
Yes, Real Estate Development Trust is an active enterprise in the KBO register.
What is the turnover of Real Estate Development Trust?
The annual accounts for financial year 2025 state no turnover.Financials
Is Real Estate Development Trust profitable?
In financial year 2025, Real Estate Development Trust made a profit of €253,850.
Where can I find the annual accounts of Real Estate Development Trust?
Real Estate Development Trust filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Real Estate Development Trust due?
Real Estate Development Trust must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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