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SKAPAR

Active
Private limited companyfounded 20188 yrs activeAntwerpsesteenweg 621, 9040 Gent, BelgiumKBO/BCE: BE 0687.537.681
Summary

SKAPAR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €664,992 and a net result of €113,353. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SKAPARActiveChecked score 98/100
Risk analysis ReportCompare

Overview

What they do
Development of residential building projects
NACE 68121Real estate development NACE 41101
1 site
How big
€694,241total assets 2025
Equity
€664,992
Profit
€113,353
Turnover not published (abridged schema)
Financially healthy?
98 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Who decides
Accounts filed 20 d late0 of 2 deeds read
Why 98+ Liquidity: current ratio 23.68, cash €141,982+ Equity €664,992 (95.8% of total assets)+ Size: total assets €694,241+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 84% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 95.8% of total assets
Liquidity 76+6
short-term debt 4.2% · cash 20.5%
Profitability 89+7
return on assets 16.3%
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 0.3% (26,331 companies)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.1%● 0.0% vs 11-2024lowest value 01-2025: 0.1%● 0.0% vs 12-2024lowest value 02-2025: 0.1%● 0.0% vs 01-2025lowest value 03-2025: 0.1%● 0.0% vs 02-2025lowest value 04-2025: 0.1%● 0.0% vs 03-2025lowest value 05-2025: 0.1%● 0.0% vs 04-2025lowest value 06-2025: 0.1%● 0.0% vs 05-2025lowest value 07-2025: 0.1%▲ +2.0% vs 06-2025 08-2025: 0.1%▲ +127% vs 07-2025 09-2025: 0.1%▼ -46.6% vs 08-2025 10-2025: 0.1%▼ -1.6% 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%● 0.0% vs 12-2025 02-2026: 0.1%▼ -14.8% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▲ +13.5% vs 03-2026 05-2026: 0.1%▼ -3.4% vs 04-2026 06-2026: 0.1%▲ +5.3% vs 05-2026 07-2026: 0.1%▲ +20.0% vs 06-2026 08-2026: 0.2%▲ +142% vs 07-2026highest value 09-2026: 0.1%▼ -71.3% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Liquidity: current ratio 23.68, cash €141,982 lowers the probability
  • Equity €664,992 (95.8% of total assets) lowers the probability
  • Size: total assets €694,241 lowers the probability for this profile
  • Sector Real estate activities (NACE 68) lowers the probability
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 23.68 against 40.72 in 2024; short-term debt: 4.2% and cash: 20.5% of total assets), and 4.2% of the assets are financed with debt.
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, micro). Better than this share of them on solvency 91%, liquidity 83%, profitability 85%, growth against the median 75%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 23.68, cash €141,982
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €664,992 (95.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: total assets €694,241
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filings
Deviation from the deadline
2025
20 d late
2024
29 d late
2023
30 d late
2022
11 d early
2021
31 d late
2020
31 d late
2019
31 d late
← 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 23 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 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 · micro…
  2. Board meeting · Representation ruleOther statement · Power of…
  3. Board meeting · Director in officeRepresentation rule · Power of…

Key points

  • Positive: Result rose in 2025from €57,841 to €113,353 ▲ 96.0% View
  • Positive: Among the best 5% on solvencysector median 29.5% · 15,312 companies 95.8% View
  • Positive: 8 profitable years in a rowprofit 2025: €113,353 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€694,241
Profit
€113,353
Solvency
95.8%
Total assets▲ 22.8%
Net result
20182025
Go to Financials

Timeline

Events
21
Since
2019
Next accounts
by 31-07-2027
  1. 20-08-2026Annual accounts filed
  2. 02-04-2026Board meeting · Representation rule
  3. 02-04-2026Board meeting · Director in office
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
04-01-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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