SOUTH CRYSTAL PROPCO
The computed 12-month bankruptcy probability of SOUTH CRYSTAL PROPCO is 1.8% (moderate). The 2023 annual accounts show equity of €3.20M and a net result of €-1.94M. Equity is shrinking by ~7% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3.20M |
| Net result | €-1.94M |
| Active | 5 yrs |
| Board | 3 |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 8 other metrics
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €-521k |
| Net profit | €-1.94M |
| Cash flow | €-1.33M |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €30.02M |
| Equity | €3.20M |
| Debt | €26.82M |
| of which ≤ 1y | €424k |
| of which > 1y | €25.74M |
| Working capital | €479k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 2.13 |
| Quick ratio | 2.13 |
| Working capital ratio | 1.6% |
| Solvency | 10.7% |
| Debt / equity | 8.39 |
| Long-term debt ratio | 8.05 |
| Interest coverage | -0.64 |
| Gross margin | - |
| Net margin | - |
| ROA | -6.5% |
| ROE | -60.6% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €30.02M |
| Fixed assets | 21/28 | €29.11M |
| Formation expenses | 20 | €3k |
| Tangible fixed assets | 22/27 | €29.11M |
| Current assets | 29/58 | €903k |
| Amounts receivable within one year | 40/41 | €167k |
| Cash & bank | 54/58 | €608k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €30.02M |
| Equity | 10/15 | €3.20M |
| Contributions / capital | 10/11 | €7.23M |
| Accumulated profits (losses) | 14 | €-4.03M |
| Amounts payable | 17/49 | €26.82M |
| Amounts payable after one year | 17 | €25.74M |
| Amounts payable within one year | 42/48 | €424k |
| Trade debts payable within one year | 44 | €401k |
| Income statement | ||
| Gross operating margin | 9900 | €-240k |
| Operating result | 9901 | €-1.13M |
| Financial income | 75 | €0 |
| Financial charges | 65 | €809k |
| Result before taxes | 9903 | €-1.94M |
| Net result for the period | 9904 | €-1.94M |
| Result to be appropriated | 9905 | €-1.94M |
-
Current09-10-2024 → present
-
Current09-10-2024 → present
-
Current09-10-2024 → present
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Deloitte Réviseurs d'EntreprisesCurrent Statutory auditor · represented by Jo Van Baelen |
- | 01-01-2025 → present |
| NACE primary | Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen(68201) |
| Legal form | Private limited company(610) |
| Incorporation | 03-09-2020 |
| Status | Active |
| Postal code | 1150 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0199/02B002 | Brussels | 984 m² | 1 · 330 m² | 29.4 m · 9 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
15-06-2026 General meeting · Founding capital · Statute amendment · Notarial deed
- Filing: 2026-06-11 · SOUTH CRYSTAL PROPCO
- Publication: 2026-06-15 · SOUTH CRYSTAL PROPCO
- General meeting: 2026-05-29 · SOUTH CRYSTAL PROPCO
- Founding capital: bank: BELFIUS BANQUE, bank_account: BE90 0689 5953 4232, share_numbers: 11.178.001 à 12.078.000, subscribed_by: KANAM GRUND INSTITUTIONAL KAPITALVERWALTUNGSGESELLSCHAFT mbH, shares_created: 900000 · SOUTH CRYSTAL PROPCO
- Statute amendment: article 5 · SOUTH CRYSTAL PROPCO
- Notarial deed: 2026-05-29 · SOUTH CRYSTAL PROPCO
- Incorporation: 2020-09-03 · SOUTH CRYSTAL PROPCO
- Act object: STATUTS (TRADUCTION, COORDINATION, AUTRES
Technical details
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}10-12-2025 Articles of association amended
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}28-11-2025 1 director appointed, 1 resigning
- Jo Van Baelen, Commissaris
- Ben Vandeweyer, Commissaris
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}25-03-2025 Articles of association amended
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}31-12-2024 3 directors appointed
- Olivier Catusse, Bestuurder
- Jan Stoehr, Bestuurder
- Sirine Sassi, Bestuurder
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}23-09-2024 Articles of association amended
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}07-08-2024 Deloitte Réviseurs d'Entreprises SRL reappointed as statutory auditor
- Deloitte Réviseurs d'Entreprises SRL, Commissaris
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}23-11-2020 Articles of association amended
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}07-09-2020 Incorporation of a new SRL
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}| Legal nameFR | SOUTH CRYSTAL PROPCO |