Equity
€10.2m from €25.8m in 2012
Equity fell by 61% in 13 years.
Real Homes
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1977Turnoverpeak €11.0m (2006)
-not published
Resultlowest -€658,117 (2016)
€536,567▲ 102%
Equitypeak €25.8m (2012)
€10.2m▲ 5.6%
Debts
€4.9m▼ 8.1%
Staffpeak 6.6 FTE (2007)
-not published
Board3 names since 2019
1 directorSovanest NV
Owners3 names in the annual accounts
100%SOVANEST
Documentsfilings and deeds
20-05-202672 days before the deadline
2025abbreviated format
Gross margin from €1.4m to €836,368Result from €266,009 to €536,567Cash from €1.1m to €151,762
Key points
from the 2025 annual accountsResult
€536,567 ▲ 102%
The result rose in 2025 from €266,009 to €536,567.
Turnover
≈ €930,000 estimated
The accounts state no turnover.
Filings
48 annual accounts since 1977
Three of the last ten came late. The 2017 accounts came latest: 142 days after the end of the period.
At the same address
14 companies
Position in the sector
€536,567
Higher net result than 95% of companies in real estate. Sector median €9,997 · 11,279 companies.
Checked score
95
Excellent
Financially stronger than 61% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
Fewer than 1 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%● unchanged vs 06-2025highest value
08-2025: < 0.1%▼ -0.1 percentage points 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%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
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: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.50, cash €151,762, halved
lowers risk
Size: total assets €15.9m
Founded in 1973
Figures for financial year 2025 (filed on 20-05-2026)
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 (NACE 68, medium-sized). It does better than 78% of them on solvency, 31% on liquidity, 70% on profitability and 65% on growth.
The bankruptcy probability was computed on 05-11-2026 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).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as Real Homes has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of Real Homes itself: < 0.1% within 12 months.
Test of the method
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 1,887 companies, not a prediction for Real Homes. 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
Credit of up to €950,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.5 (1.43 in 2024), above the usual 1.5. Short-term debt is 29.3% and cash 1% of total assets. 36.1% of the assets are financed with debt and provisions.
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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.
Signals
Five signals.
lowers riskraises riskneutral
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 days early
2024
24 days early
2023
9 days early
2022
47 days early
2021
46 days early
2020
16 days early
2019
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed 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 15 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
SN
Sovanest NV
Director, Sophia Vanwynsberghe, since 21-03-2023
BM
BV MOORE AUDIT
Auditor, Kristof Planquette
- SOVANEST 100%equity €78.7m (2025) · 2025 annual accounts of SOVANEST
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0412906927
Reappointment: BV Moore Audit (statutory auditor)
General meeting of 23-10-2023 · Gazette deed
Resignation: VW Management bv (director)
Appointment: Sovanest nv (director) · General meeting of 21-03-2023 · Gazette deed
Director in office: VW Management
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Real Homes Sint-Martens-Latem | €15.9m | €0.8m | 63.9% | - |
| Centre Régional Syndical F.G.T.B. Charleroi | €15.6m | €1.0m | 43.7% | 8.2 |
| COOPERATIEVE VOOR CULTURELE CENTRA Woluwe-Saint-Pierre | €13.6m | €0.9m | 93.8% | - |
| Versim Nazareth-De Pinte | €17.6m | €1.2m | 1.1% | - |
| TACK Oudenaarde | €10.8m | €1.0m | 69.6% | 0 |
| MATCH POINT Eeklo | €11.3m | €0.7m | 37.7% | 0 |
| Gifar Kortrijk | €15.6m | €1.1m | 27.0% | 0 |
These companies have the same main activity as Real Homes: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €11m and €18m, founded between 1968 and 1980.
Official details
Source: KBO- Status
- Active since 29-01-1973Normal situation
- Registered office
- 15 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Establishment unit
- 2.007.994.9219831 Sint-Martens-Latem, since 15-01-1977
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- Total assets
- €15.9m▲ 0.4%
- Filing
- Filed on 20-05-2026, 72 days before the end of the filing period
Insights on Real Homes
Real Homes has existed since 1973. Turnover fell from €5.4m in 2012 to €2.6m in 2013, while staff rose from 3.6 to 4.7 full-time equivalents.
SOVANEST holds all the shares.
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 Homes
- What is the company number of Real Homes?
- The company number of Real Homes is 0412.906.927. The VAT number is the same number with BE in front: BE 0412.906.927.
- Where is Real Homes based?
- The registered office is at Xavier De Cocklaan 70, 9831 Sint-Martens-Latem.Company details
- What does Real Homes do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of Real Homes?
- Real Homes is a public limited company (NV).
- When was Real Homes founded?
- Real Homes was founded on 29-01-1973.
- Is Real Homes still active?
- Yes, Real Homes is an active enterprise in the KBO register.
- How many employees does Real Homes have?
- Real Homes had an average of 3 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of Real Homes?
- The turnover in financial year 2025 is ≈ €930,000. This figure is estimated from the gross margin of €836,368 and 39 comparable companies (NACE 68203). It probably lies between €880,000 and €1.2m. In financial year 2023 turnover was €1.0m.
- Is Real Homes profitable?
- In financial year 2025, Real Homes made a profit of €536,567.
- Where can I find the annual accounts of Real Homes?
- Real Homes filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Real Homes due?
- Real Homes must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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