Equity
-€174,853
Debts exceed assets in financial year 2025.
Sapittel RE
Lifetime
3 annual accounts with figures on one time axispeak €56,001 (2025)
€56,001▲ 836%
lowest -€146,826 (2025)
-€146,826▼ €125,882
peak -€7,082 (2023)
-€174,853▼ €146,826
€4.3m▲ 24.2%
Board2 names since 2023
2 directorsBIESMANS Filip Jo Paul and 1 other
Documentsfilings and deeds
29-05-202663 days before the deadline
2025abbreviated format
Gross margin from €5,984 to €56,001Loss of €146,826Equity from -€28,027 to -€174,853Debts from €3.4m to €4.3mInvestments €793,358
Key points
from the 2025 annual accountsLosses
-€184,853 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Turnover
≈ €72,000 estimated
The accounts state no turnover.
Debts
€4.3m 104% of the balance sheet
Financial debts 91%Suppliers 0%Taxes and wages 0%Other 9%
€1.5m of the debts are secured on the company's own assets. In 2024 that was €1.5m.
Investments
€4.2m 44.6 × depreciation
Green is investment, beige is depreciation.
Position in the sector
-€174,853
Less equity than 92% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
53
Fair
Financially stronger than 20% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 1.2%▲ +0.7 percentage points vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.1 percentage points vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.5%▲ +0.2 percentage points vs 02-2026highest value
04-2026: 1.5%● unchanged vs 03-2026highest value
05-2026: 0.8%▼ -0.7 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.03, cash €7,464
No registered site in the KBO
lowers risk
Size: total assets €4.1m
Sector: Real estate activities (NACE 68)
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, small). It does better than 10% of them on solvency, 57% on liquidity, 12% on profitability and 1% 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 low class on 30-06-2025, 0.8% 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, 1,251 companies had the same profile as Sapittel RE has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Sapittel RE itself: 0.8% 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 1,251 companies, not a prediction for Sapittel RE. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.03 (0.04 in 2024), below 1. Short-term debt is 8.9% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€174,853
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 29-05-2026, 63 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
63 days early
2024
83 days early
2023
8 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 46 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 29 May (3 of the last 3 accounts filed within 72 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
Board and ownership
- BIESMANS Yves Jos René 50 sharesdeed of 25-08-2023
- BIESMANS Filip Jo Paul 50 sharesdeed of 25-08-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805040018
Incorporation
Founders: BIESMANS Yves Jos René and BIESMANS Filip Jo Paul · 100 shares · Appointments: BIESMANS Yves Jos René (director) and BIESMANS Filip Jo Paul (director) · published on 25-08-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Sapittel RE Genk | €4.1m | €56,001 | -4.3% | - |
| IMMO THIJS Hasselt | €3.2m | €63,506 | 87.9% | 0 |
| VEGA RM Tervuren | €3.9m | €74,568 | -4.5% | - |
| D'Entreprise Moorslede | €4.1m | €53,453 | -1.6% | 0 |
| MONALIZA Waterloo | €4.4m | €40,057 | -7.0% | - |
| CenRent Zandhoven | €3.3m | €61,883 | 18.7% | 0 |
| THOST Ghent | €4.5m | €53,212 | 7.0% | - |
These companies have the same main activity as Sapittel RE: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €3.2m and €4.5m, founded between 2022 and 2024.
Official details
Source: KBO- Status
- Active since 23-08-2023Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Financial year end
- 31 December
- Peppol
- Reachable since 29-05-2024
Annual accounts 2025
- €4.1m▲ 20.1%
- Filing
- Filed on 29-05-2026, 63 days before the end of the filing period
Insights on Sapittel RE
Sapittel RE files the abbreviated format. That format states no turnover. The gross margin rose from -€9,107 in 2023 to €56,001 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
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 Sapittel RE
- What is the company number of Sapittel RE?
- The company number of Sapittel RE is 0805.040.018. The VAT number is the same number with BE in front: BE 0805.040.018.
- Where is Sapittel RE based?
- The registered office is at Troisdorflaan 6, 3600 Genk.Company details
- What does Sapittel RE do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of Sapittel RE?
- Sapittel RE is a private limited company (BV).
- When was Sapittel RE founded?
- Sapittel RE was founded on 23-08-2023.
- Is Sapittel RE still active?
- Yes, Sapittel RE is an active enterprise in the KBO register.
- What is the turnover of Sapittel RE?
- The turnover in financial year 2025 is ≈ €72,000. This figure is estimated from the gross margin of €56,001 and 45 comparable companies (NACE 682). It probably lies between €63,000 and €92,000.Financials
- Is Sapittel RE profitable?
- In financial year 2025, Sapittel RE made a loss of €146,826.
- Where can I find the annual accounts of Sapittel RE?
- Sapittel RE filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Sapittel RE due?
- Sapittel RE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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