Equity
€11,962 from €57,821 in 2006
Equity fell by 79% in 19 years.
REAL EST
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2001peak €30,446 (2016)
-€66▼ €2
lowest -€74,952 (2014)
-€717▼ €205
peak €57,821 (2006)
€11,962▼ 5.7%
€445,333unchanged
Board3 names since 2019
1 directorYoussef Chaiban
Owners2 names in the annual accounts
Documentsfilings and deeds
30-08-202630 days late
2025abbreviated format
Loss of €717
Key points
from the 2025 annual accountsLosses
-€1,746 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€445,333 97% of the balance sheet
Payment terms
4,988 days to suppliers
REAL EST pays its suppliers 228,613 days earlier than in 2024.
Filings
24 annual accounts since 2001
Three of the last ten came late. The 2023 accounts came latest: 30 days after the end of the period.
Position in the sector
€11,962
Less equity than 80% of companies in real estate. Sector median €300,024 · 11,302 companies.
Checked score
86
Excellent
Financially stronger than 24% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 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 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.2%▲ +0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.3 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €11,962 (2.6% of total assets)
lowers risk
Size: total assets €457,295
Legal form: public limited company
Figures for financial year 2025 (filed on 30-08-2026)
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, micro). It does better than 23% of them on solvency, 8% on liquidity, 33% on profitability and 33% 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 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, 1,104 companies had the same profile as REAL EST has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of REAL EST itself is lower: 0.2% within 12 months. It rests on far more data about REAL EST than the profile alone.
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 1,104 companies, not a prediction for REAL EST. 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 €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (1.03 in 2024), below the usual 1.5. Short-term debt is 97.4% and cash 4.2% of total assets. 97.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 11297 sector peers (2025).
NBB · sector comparisonPosition among 11297 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
29 days late
2023
30 days late
2022
on the day
2020
1 day early
2019
9 days early
2018
on the day
← 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 11 days after 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 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0472569449
3 directors appointed
Youssef Chaiban (managing director), Antoine Georges dit Assef and Georges El Maalouf · General meeting of 03-04-2019 · Gazette deed
Registered office moved within Brussels
New registered office: 17 rue de la Glacière, boîte 4 à 1060 Bruxelles · Previous registered office: 51 rue de joncker à 1060 Bruxelles · General meeting of 20-08-2018 · Gazette deed
First establishment
Dejonckerstraat 51, Sint-Gillis (bij-Brussel)
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| REAL EST Sint-Gillis (bij-Brussel) | €457,295 | -€66 | 2.6% | - |
| B Valorisation Uccle | €422,943 | -€16,294 | 17.6% | - |
| ATELIER ANTEX Uccle | €551,278 | -€35,793 | 94.9% | - |
| PETERMARK Ixelles | €458,196 | -€18,053 | 32.5% | - |
| DELTA Tournai | €448,573 | -€39,783 | 45.0% | - |
| IMMOBILIERE BLATON - MOURY - van de BERG Ans | €445,516 | -€757 | 99.7% | - |
| EXTENSIO Assenede | €422,213 | -€5,452 | 27.4% | - |
These companies have the same main activity as REAL EST: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €422,000 and €551,000, founded between 1998 and 2004.
Official details
Source: KBO- Status
- Active since 16-08-2000Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 2 others
- Establishment unit
- 2.094.105.2841060 Sint-Gillis (bij-Brussel), since 14-11-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 06-05-2026
Insights on REAL EST
REAL EST files the abbreviated format. That format states no turnover. The gross margin rose from -€8,471 in 2006 to -€66 in 2025.
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 EST
- What is the company number of REAL EST?
- The company number of REAL EST is 0472.569.449. The VAT number is the same number with BE in front: BE 0472.569.449.
- Where is REAL EST based?
- The registered office is at Ijskelderstraat 17, 1060 Sint-Gillis (bij-Brussel).Company details
- What does REAL EST do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of REAL EST?
- REAL EST is a public limited company (NV).
- When was REAL EST founded?
- REAL EST was founded on 16-08-2000.
- Is REAL EST still active?
- Yes, REAL EST is an active enterprise in the KBO register.
- What is the turnover of REAL EST?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is REAL EST profitable?
- In financial year 2025, REAL EST made a loss of €717.
- Where can I find the annual accounts of REAL EST?
- REAL EST filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of REAL EST due?
- REAL EST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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