REAL HOUSES
ActiveREAL HOUSES has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.16M and a net result of €-54k. Equity is shrinking by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 90% of 4522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▼-64
Solvency100▲+13
Growth45=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 12.95 against 2.17 in 2024; short-term debt: 5.5% and cash: 5.6% of total assets), and 6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94%
Return on assets
-2.4%
Age of the figures
9 mo
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 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
41 d early
2023
9 d early
2022
45 d early
2021
41 d early
2020
16 d early
2019
67 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.82M▲ 78.5%
2019 · €3.26M
2018: €4.73M
2019: €3.26M
2018 → 2020
EBIT margin
-6.0%▲ 15.4pp
2019 · -21.4%
2018: 1.2%
2019: -21.4%
2018 → 2020
Net result
€-54k
2024 · €840k
2018: €2.54M
2019: €1.33M
2020: €2.14M
2021: €946k
2022: €-145k
2023: €650k
2024: €840k
2018 → 2025
Working capital
€1.52M▼ 1.7%
2024 · €1.54M
2018: €12.04M
2019: €10.24M
2020: €4.23M
2021: €4.63M
2022: €-6.41M
2023: €1.60M
2024: €1.54M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.41M-€3.46M▼ 46.0%€2.51M▼ 27.5%€2.21M▼ 11.9%€2.16M▼ 2.5%
Operating result€1.42M-€-60k€409k€250k▼ 39.0%€-61k
Net result€946k-€-145k€650k€840k▲ 29.3%€-54k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €61k after €250k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.29M
Fixed assets
€650k▼ 7.1%
Current assets
€1.64M▼ 42.6%
Equity and liabilities €2.29M
Equity
€2.16M▼ 2.5%
Provisions
€10k▼ 69.2%
Debt
€127k▼ 90.4%
The debt ratio falls from 37.0% to 5.5%. Equity and debt are lower.
Key figures and ratios
Solvency
94.0%▲
2024 · 62.1%
Current ratio
12.95▲
2024 · 2.17
Quick ratio
1.15▲
2024 · 0.95
Debt / equity
0.06▼
2024 · 0.60
ROE
-2.5%▼
2024 · 38.0%
ROA
-2.4%▼
2024 · 23.6%
Debt
€127k▼
2024 · €1.32M
Debt ≤ 1 year
€127k▼
2024 · €1.32M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.56M€2.29M▼
Fixed assets21/28€700k€650k▼
Financial fixed assets28€700k€650k▼
Current assets29/58€2.86M€1.64M▼
Stocks and contracts in progress3€1.60M€1.50M▼
Stocks30/36€1.60M€1.50M▼
Amounts receivable within one year40/41€1.25M€18k▼
Trade receivables40€13k€13k▲
Other amounts receivable41€1.24M€5k▼
Cash at bank and in hand54/58€8k€128k▲
Equity and liabilities
Total equity and liabilities10/49€3.56M€2.29M▼
Equity10/15€2.21M€2.16M▼
Contributions10/11€127k€127k=
Capital10€127k€127k=
Issued capital100€127k€127k=
Reserves13€2.08M€2.03M▼
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€2.07M€2.02M▼
Provisions and deferred taxes16€33k€10k▼
Provisions for liabilities and charges160/5€33k€10k▼
Other liabilities and charges164/5€33k€10k▼
Amounts payable17/49€1.32M€127k▼
Amounts payable within one year42/48€1.32M€127k▼
Trade debts44€114k€31k▼
Suppliers440/4€114k€31k▼
Advances received on contracts in progress46€500€500=
Taxes, remuneration and social security45€63k€63k=
Taxes450/3€63k€63k=
Other amounts payable47/48€1.14M€32k▼
Income statement
Code20242025
Provisions for liabilities and charges: additions (uses and reversals)635/8€-60k€-23k▲
Other operating charges640/8€2k€5k▲
Non-recurring operating charges66A€23k€8k▼
Gross operating margin9900€215k€-71k▼
Operating profit (loss)9901€250k€-61k▼
Financial income75/76B€981k€60k▼
Recurring financial income75€981k€60k▼
Financial charges65/66B€328k€53k▼
Recurring financial charges65€19k€3k▼
Non-recurring financial charges66B€309k€50k▼
Profit (loss) for the period before taxes9903€903k€-54k▼
Income taxes67/77€63k-
Profit (loss) for the period9904€840k€-54k▼
Profit (loss) for the period to be appropriated9905€840k€-54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€840k€-54k▼
Transfer from equity791/2€300k€54k▼
Profit to be distributed694/7€1.14M-
Return on contributions (dividend)694€1.14M-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 6current ratio 12.95
Current ratio from 2.17 to 12.95; short-term debt falls from €1.32M to €127k.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €650k
Net result €650k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.67
Current ratio from 0.49 to 1.67; short-term debt falls from €12.63M to €2.39M.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-145k ▼115%
Net result drops to €-145k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 7current ratio 11.88
Current ratio from 1.63 to 11.88; short-term debt falls from €6.70M to €425k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-01-2020
Estelle De Gryse: Resigned as Director
31-12-2019
Lucien Vanwynsberghe: Resigned as Director
09-03-2016
Patco NV: Resigned as Director
09-03-2016
Pianco Management BVBA: Resigned as Director
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 1993
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.
Xavier De Cocklaan 709831 Sint-Martens-LatemGround area
9,606 m²
Building footprint
764 m²
Volume, LiDAR
5,145 m³
Parcel 44015A0328/00B000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REAL HOUSES
since 19932.003.413.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0328/00B000 | Flanders | 9,606 m² | 1 · 764 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300DHBKOAPKJCUV70
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 2,595 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.