ROYAL GROUP BOURKHA IMMO
ActiveSummary
ROYAL GROUP BOURKHA IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-16k) and a net result of €-38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-17
Solvency21▼-9
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.1 in 2024; short-term debt: 60.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-4.2%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-16k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
3 d late
2024
on the day
2023
33 d early
2022
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-16k
2024 · €22k
2022: €14k
2023: €41k
2024: €22k
2022 → 2025
Total assets
€384k▼ 9.6%
2024 · €425k
2022: €485k
2023: €502k
2024: €425k
2022 → 2025
Net result
€-38k▼ 93.2%
2024 · €-20k
2022: €-16k
2023: €28k
2024: €-20k
2022 → 2025
Working capital
€-231k▼ 26.4%
2024 · €-183k
2022: €-159k
2023: €-153k
2024: €-183k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€14k-€41k▲ 204%€22k▼ 47.4%€-16k
Operating result€-11k-€35k€-16k€-35k▼ 118%
Net result€-16k-€28k€-20k€-38k▼ 93.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2025 against €16k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €384k
Fixed assets
€383k ▼ 5.2%
Current assets
€1k ▼ 94.1%
Key figures and ratios
EBITDA
€-14k▼
2024 · €5k
Cash flow
€-17k▼
2024 · €733
Solvency
-4.2%▼
2024 · 5.1%
Current ratio
0.01▼
2024 · 0.10
Debt to equity
-24.72▼
2024 · 18.52
ROA
-9.9%▼
2024 · -4.6%
Interest coverage
-4.11▼
2024 · 1.19
Debt
€401k▼
2024 · €404k
Debt ≤ 1 year
€232k▲
2024 · €204k
Debt > 1 year
€168k▼
2024 · €199k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€425k€384k▼
Fixed assets21/28€404k€383k▼
Tangible fixed assets22/27€404k€383k▼
Land and buildings22€403k€383k▼
Furniture and vehicles24€979-
Current assets29/58€21k€1k▼
Cash at bank and in hand54/58€21k-
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€425k€384k▼
Equity10/15€22k€-16k▼
Contributions10/11€30k€30k=
Profit (loss) carried forward14€-8k€-46k▼
Amounts payable17/49€404k€401k▼
Amounts payable after more than one year17€199k€168k▼
Financial debts170/4€199k€168k▼
Amounts payable within one year42/48€204k€232k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€6k€9k▲
Suppliers440/4€6k€9k▲
Other amounts payable47/48€168k€192k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€16k€-7k▼
Operating profit (loss)9901€-16k€-35k▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-20k€-38k▼
Income taxes67/77€-1-
Profit (loss) for the period9904€-20k€-38k▼
Profit (loss) for the period to be appropriated9905€-20k€-38k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-46k▼
Profit (loss) brought forward from the previous period14P€11k€-8k▼
The notes to these accounts (12 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Morlanwelz · 1 establishment unit since 2021
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.
Chaussée Brunehault(CAR) 4137141 MorlanwelzGround area
3,152 m²
Building footprint
1,131 m²
Volume, LiDAR
6,748 m³
2 parcels, Wallonia · tallest building 18.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ROYAL GROUP BOURKHA IMMO
since 20212.323.852.952
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56015A0833/00N000 | Wallonia | 2,022 m² | 1 · 1,019 m² | 18.1 m · 2 fl. |
| 53076A0738/00V000 | Wallonia | 1,130 m² | 1 · 113 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0685.823.157
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ARIANE'S CORNER
BE 0823.500.504
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Domaine de Chastre
BE 0445.302.056
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Spimas Invest
BE 0770.316.788
Ath · Eq €21,923
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 2,341 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.