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SCHIPPERSKAAI DEVELOPMENT

Active
Public limited companyfounded 201412 yrs activePoortakkerstraat 94, 9051 Gent, BelgiumKBO/BCE: BE 0561.986.722
Summary

SCHIPPERSKAAI DEVELOPMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€902,137) and a net result of €1.9m. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 9% of 5663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SCHIPPERSKAAI DEVELOPMENTActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
Size
€16.1mturnover 2025
Equity
-€902,137
Profit
€1.9m
Financial health
56 Fair Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Largest shareholder
Van Roey Vastgoed · 50%
Board
1 member
Holdings
1
Accounts 24 d early2 of 15 deeds read
Why 56Capped at 59: negative equity- Negative equity -€902,137+ Size: turnover €16.1m, total assets €11.0m+ Figures for FY 2025 (filed 07-07-2026)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 58% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 17+11
equity -8.2% of total assets
Liquidity 47+37
short-term debt 108.2% · cash 37.5%
Profitability 84+31
return on assets 17.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,718 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%● 0.0% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%▼ -2.2% vs 02-2025 04-2025: 0.2%▲ +4.1% vs 03-2025 05-2025: 0.2%▲ +1.7% vs 04-2025 06-2025: 0.3%▲ +9.9% vs 05-2025 07-2025: 0.3%▲ +7.0% vs 06-2025highest value 08-2025: 0.1%▼ -66.4% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%▲ +6.5% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▲ +4.1% vs 12-2025 02-2026: 0.1%▼ -2.9% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +7.1% vs 03-2026 05-2026: 0.1%▲ +2.8% vs 04-2026 06-2026: 0.1%▲ +16.5% vs 05-2026 07-2026: 0.1%▲ +10.2% vs 06-2026 08-2026: 0.1%▼ -37.1% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Negative equity -€902,137 raises the probability
  • Size: turnover €16.1m, total assets €11.0m lowers the probability for this profile
  • Figures for FY 2025 (filed 07-07-2026) lowers the probability
  • Legal form Public limited company lowers the probability
No credit on open account
Liquidity short (current ratio 0.86 against 1.05 in 2024; short-term debt: 108.2% and cash: 37.5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 6%, liquidity 41%, profitability 95%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€902,137
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €16.1m, total assets €11.0m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 07-07-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 5663 sector peers (2025).
NBB · sector comparison
Position among 5663 sector peers
Solvency
better than 9%
← weakest strongest →
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
24 d early
2024
30 d early
2023
44 d early
2022
42 d early
2021
46 d early
2020
47 d early
2019
35 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 38 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Ponto BV (director)Permanent representatives: Peter Gestels and…
  3. Permanent representatives: Filip Deprez, Lode WAES…Power of attorney

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€902,137 View
  • Positive: Result rose in 2025from €624,343 to €1.9m ▲ 206% View
  • Caution: Among the weakest 5% on equitysector median €939,136 · 5,664 companies -€902,137 View
  • Caution: Board changedlatest change 21-11-2025 · 1 in office 1 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View

By topic

Financials

Fiscal year
2025
Turnover
€16.1m
Profit
€1.9m
Solvency
-8.2%
Turnover▲ 32.4%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 07-07-2026Annual accounts filed
  2. 03-02-2026Resignation: Ponto BV (director)
  3. 03-02-2026Permanent representatives: Filip Deprez, Lode WAES and…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
15-09-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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