Realisten
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€586,491
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
24 d late
2021
3 d early
2020
12 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Real estate agency activities sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€586,491▼ 6.5%
2024 · -€550,784
Total assets
€53,174▲ 12.6%
2024 · €47,207
Net result
-€35,707
2024 · €11,476
Working capital
-€56,649▼ 390%
2024 · -€11,562
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€5,169▼ 88.6%-€2,942▲ 43.1%€38,522€16,669▼ 56.7%-€34,461
Net result-€6,530within the sector's middle half▼ 60.0%-€4,671within the sector's middle half▲ 28.5%€32,689above the sector's middle half€11,476within the sector's middle half▼ 64.9%-€35,707below the sector's middle half
Equity-€590,278below the sector's middle half▼ 1.1%-€594,949below the sector's middle half▼ 0.8%-€562,260below the sector's middle half▲ 5.5%-€550,784below the sector's middle half▲ 2.0%-€586,491below the sector's middle half▼ 6.5%
Total assets€64,599below the sector's middle half▼ 21.5%€51,292below the sector's middle half▼ 20.6%€53,030below the sector's middle half▲ 3.4%€47,207below the sector's middle half▼ 11.0%€53,174below the sector's middle half▲ 12.6%
Debt€654,877▼ 1.7%€646,241▼ 1.3%€615,290▼ 4.8%€597,991▼ 2.8%€639,665▲ 7.0%
Working capital-€21,967within the sector's middle half▼ 153%-€6,494within the sector's middle half▲ 70.4%-€12,886within the sector's middle half▼ 98.4%-€11,562within the sector's middle half▲ 10.3%-€56,649within the sector's middle half▼ 390%
Solvency-913.8%below the sector's middle half▼ 204.5pp
Current ratio0.51within the sector's middle half▼ 0.220.65within the sector's middle half▲ 0.150.53within the sector's middle half▼ 0.120.63within the sector's middle half▲ 0.100.23below the sector's middle half▼ 0.40
Return on assets (ROA)-10.1%below the sector's middle half▼ 5.2pp-9.1%below the sector's middle half▲ 1.0pp61.6%above the sector's middle half▲ 70.7pp24.3%above the sector's middle half▼ 37.3pp-67.2%below the sector's middle half▼ 91.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €34,461 after €16,669 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,174
Fixed assets
€36,282 ▲ 32.9%
Current assets
€16,891 ▼ 15.2%
Equity and liabilities
Equity-€586,491
Debt€639,665
Equity is negative: debt (€639,665) exceeds the balance-sheet total (€53,174).
Key figures and ratios
EBITDA
-€24,042▼
2024 · €29,336
Cash flow
-€25,289▼
2024 · €24,143
Interest coverage
-19.21▼
2024 · 22.35
Debt ≤ 1 year
€73,541▲
2024 · €31,478
Debt > 1 year
€565,434▼
2024 · €566,513
Income taxes
€0▼
2024 · €3,888
A ratio outside any meaningful range has been withheld (balance sheet total €53,174, equity -€586,491).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,234 | €11,031 | €12,583 | €12,667 | €10,419 | ▼ 17.8% |
| Other operating charges640/8 | - | €699 | €524 | €930 | €1,010 | ▲ 8.6% |
| Non-recurring operating charges66A | - | €407 | €0 | - | - | - |
| Gross operating margin9900 | €12,360 | €9,195 | €51,629 | €30,267 | -€23,032 | ▼ 176% |
| Operating profit (loss)9901 | -€5,169 | -€2,942 | €38,522 | €16,669 | -€34,461 | ▼ 307% |
| Financial income75/76B | - | €29 | €34 | €7 | €5 | ▼ 30.3% |
| Recurring financial income75 | €32 | €29 | €34 | €7 | €5 | ▼ 30.3% |
| Financial charges65/66B | - | €1,758 | €1,668 | €1,312 | €1,251 | ▼ 4.6% |
| Recurring financial charges65 | €1,393 | €1,758 | €1,668 | €1,312 | €1,251 | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | -€6,530 | -€4,671 | €36,888 | €15,364 | -€35,707 | ▼ 332% |
| Income taxes67/77 | - | - | €4,199 | €3,888 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€6,530 | -€4,671 | €32,689 | €11,476 | -€35,707 | ▼ 411% |
| Profit (loss) for the period to be appropriated9905 | -€6,530 | -€4,671 | €32,689 | €11,476 | -€35,707 | ▼ 411% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,599 | €51,292 | €53,030 | €47,207 | €53,174 | ▲ 12.6% |
| Fixed assets21/28 | €42,112 | €38,966 | €38,354 | €27,291 | €36,282 | ▲ 32.9% |
| Intangible fixed assets21 | €1,945 | €1,363 | €782 | €201 | €3,043 | ▲ 1,416% |
| Tangible fixed assets22/27 | €40,167 | €37,603 | €37,572 | €27,090 | €33,240 | ▲ 22.7% |
| Land and buildings22 | - | - | - | - | €10,200 | - |
| Furniture and vehicles24 | - | €18,637 | €20,777 | €13,018 | €11,632 | ▼ 10.6% |
| Other tangible fixed assets26 | - | €10,674 | €8,504 | €14,073 | €11,408 | ▼ 18.9% |
| Assets under construction and advance payments27 | - | €8,291 | €8,291 | €0 | - | - |
| Current assets29/58 | €22,487 | €12,326 | €14,676 | €19,916 | €16,891 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €13,379 | €9,245 | €13,490 | €17,446 | €10,853 | ▼ 37.8% |
| Trade receivables40 | - | €7,295 | €10,230 | €14,676 | €8,998 | ▼ 38.7% |
| Other amounts receivable41 | - | €1,950 | €3,260 | €2,769 | €1,854 | ▼ 33.0% |
| Cash at bank and in hand54/58 | €4,943 | €1,456 | €53 | €875 | €5,674 | ▲ 548% |
| Deferred charges and accrued income490/1 | - | €1,624 | €1,133 | €1,595 | €365 | ▼ 77.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,599 | €51,292 | €53,030 | €47,207 | €53,174 | ▲ 12.6% |
| Equity10/15 | -€590,278 | -€594,949 | -€562,260 | -€550,784 | -€586,491 | ▼ 6.5% |
| Contributions10/11 | - | €641,600 | €641,600 | €641,600 | €641,600 | = |
| Reserves13 | €64,160 | €64,160 | €64,160 | €64,160 | €64,160 | = |
| Non-distributable reserves130/1 | - | €64,160 | €64,160 | €0 | - | - |
| Reserves not available under the articles1311 | - | €64,160 | €64,160 | €0 | - | - |
| Distributable reserves133 | - | - | - | €64,160 | €64,160 | = |
| Profit (loss) carried forward14 | -€1.3m | -€1.3m | -€1.3m | -€1.3m | -€1.3m | ▼ 2.8% |
| Amounts payable17/49 | €654,877 | €646,241 | €615,290 | €597,991 | €639,665 | ▲ 7.0% |
| Amounts payable after more than one year17 | €610,423 | €627,421 | €587,729 | €566,513 | €565,434 | ▼ 0.2% |
| Financial debts170/4 | - | €627,421 | €587,729 | €566,513 | €565,434 | ▼ 0.2% |
| Amounts payable within one year42/48 | €44,454 | €18,820 | €27,562 | €31,478 | €73,541 | ▲ 134% |
| Current portion of amounts payable after more than one year42 | - | €8,915 | €6,224 | €6,381 | €1,079 | ▼ 83.1% |
| Financial debts43 | - | €0 | €1,294 | €689 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €0 | €1,294 | €689 | €0 | ▼ 100% |
| Trade debts44 | €26,557 | €6,469 | €12,639 | €12,225 | €11,191 | ▼ 8.5% |
| Suppliers440/4 | - | €6,469 | €12,639 | €12,225 | €11,191 | ▼ 8.5% |
| Taxes, remuneration and social security45 | - | €3,436 | €7,404 | €12,182 | €1,787 | ▼ 85.3% |
| Taxes450/3 | - | €3,436 | €7,404 | €12,182 | €330 | ▼ 97.3% |
| Remuneration and social security454/9 | - | - | - | - | €1,458 | - |
| Other amounts payable47/48 | - | - | - | - | €59,483 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €690 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,530 | -€4,671 | €32,689 | €11,476 | -€35,707 | ▼ 411% |
| + Depreciation and write-downs630 | €11,234 | €11,031 | €12,583 | €12,667 | €10,419 | ▼ 17.8% |
| Operating cash flow (approximation) | €4,705 | €6,360 | €45,273 | €24,143 | -€25,289 | ▼ 205% |
| Investment in fixed assets (approximation) | - | -€7,884 | -€11,972 | -€1,604 | -€19,410 | ▼ 1,110% |
| Change in cash | - | -€3,487 | -€1,403 | €822 | €4,799 | ▲ 484% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
State Gazette act
Restructuring · End & cessationMerger6 facts ▸
State Gazette act
Restructuring · End & cessation
Merger6 facts ▸
- General meeting, 19-03-2026
- Merger, met fusie door overneming gelijkgestelde verrichting, goedkeuring fusievoorstel
- General meeting, BESLUITEN EN RESOLUTIES
- Other statement, kennisname fusievoorstel, artikel 12:50 van het Wetboek van vennootschappen en verenigingen
- Other statement, verzakking tussentijdse cijfers
- Other statement, VIERDE BESLISSING
02-02
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney3 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Power of attorney3 facts ▸
- Merger, met fusie door overneming gelijkgestelde verrichting
- Accounting effect, 01-01-2026
- Power of attorney, Estatura
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€35,707
Net result drops to -€35,707, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €32,689
Net result €32,689 after 3 loss-making years.
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2019
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
18-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 2 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen
Ground area
677 m²
Building footprint
921 m²
Volume, LiDAR
10,593 m³
Parcel 11808H1237/00V006, Flanders · tallest building 21.7 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1237/00V006 | Flanders | 677 m² | 1 · 921 m² | 21.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Accounting effect
01-01-2026
Other statement
Naam en handtekening (dit geldt niet voor akten van het type 'Mededelingen'), Naam en hoedanigheid van de instrumenterende notaris, heizıj van de perso(o)n(en)…
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:Volura
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,749 companies in this sector we hold annual accounts for 6,910. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-12-2000
Fiscal year end31-03
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473591018
Also
9925:BE0473591018
Registered
07-04-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Business parks
1 parkOffers a parcel on business park:Beverlo
Scores and ratios are computed by Checked and are not a credit decision.