Equity
-€86,027
Debts exceed assets in financial year 2025.
SovImmo 89
Overview
Lifetime
1 annual account with figurespeak €108,262 (2025)
€108,262
lowest -€87,527 (2025)
-€87,527
peak -€86,027 (2025)
-€86,027
€1.1m
Board1 name since 2024
1 directorGEUBELLE Benoît
Documentsfilings and deeds
03-07-202628 days before the deadline
2025micro format
Loss of €87,527First year with figures
Key points
from the 2025 annual accountsDebts
€1.1m 108% of the balance sheet
Financial debts 95%Suppliers 1%Taxes and wages 0%Other 4%
Of this, €54,849 falls due within a year.
Position in the sector
-€87,527
Lower net result than 95% of companies in real estate. Sector median €5,986 · 17,185 companies.
Checked score
54
Fair
Financially stronger than 33% of micro 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
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 0.7%
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.5%▼ -0.5 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€86,027
Liquidity: current ratio 0.24, cash €12,477
lowers risk
Size: total assets €1.1m
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, micro). It does better than 14% of them on solvency, 57% on liquidity and 28% on profitability.
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 very low class on 30-06-2025, 0.1% 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, 152 companies had the same profile as SovImmo 89 has now. Each dot is one company, two years later.
98.7%
were still trading
0.7%
stopped another way
0.0%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SovImmo 89 itself: 0.5% 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 152 companies, not a prediction for SovImmo 89. 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 0.24, below 1. Short-term debt is 5.2% and cash 1.2% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 03-07-2026, 28 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
28 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017597405
Incorporation
Founding capital of €1,500, 150 shares · Founder: GEUBELLE Benoît · Appointment: GEUBELLE Benoît (director) · published on 20-12-2024 · Gazette deed
First establishment
Handelsstraat 124/1, Brussels
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SovImmo 89 Brussels | €1.1m | €108,262 | -8.1% | - |
| Pôle Concept Patrimoine Woluwe-Saint-Pierre | €1.0m | €136,008 | 98.8% | - |
| Koveco Huldenberg | €1.0m | €139,741 | -5.2% | - |
| FERIMO Geraardsbergen | €1.0m | €91,519 | 44.0% | - |
| Huysmans Invest Bonheiden | €0.8m | €132,598 | 81.1% | - |
| Citadel Diest Diest | €0.8m | €117,196 | 17.2% | 2.1 |
| KRC Invest Lokeren | €0.9m | €96,327 | 9.5% | - |
These companies have the same main activity as SovImmo 89: 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 €790,000 and €1m, founded in 2024.
Official details
Source: KBO- Status
- Active since 18-12-2024Normal situation
- Registered office
- 18 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Establishment unit
- 2.368.213.6261000 Brussels, since 18-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Annual accounts 2025
- €108,262
- ≈ €160,000estimated
- €87,527
- -€86,027
- €1.1m
- Filing
- Filed on 03-07-2026, 28 days before the end of the filing period
Insights on SovImmo 89
SovImmo 89 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€86,027) and a net result of -€87,527.
Its solvency ranks better than 14% of 17,194 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 03-07-2026, 28 days before the deadline€108,262
-€54,195
-€87,527
-€41,909
-8.1%
0.24
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €120,000 and €210,000.
Balance sheet
balance sheet total €1.1m on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-8.1%
Higher than 14% of 17,194 companies in 2025.
0.24
Higher than 19% of 16,491 companies in 2025.
-8.3%
Higher than 12% of 16,870 companies in 2025.
SovImmo 89
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
1.1m | |
21/28 |
1.0m | |
22/27 |
1.0m | |
22 |
1.0m | |
28 |
18,633 | |
29/58 |
12,940 | |
40/41 |
463 | |
41 |
463 | |
54/58 |
12,477 | |
| Balance sheet: equity and liabilities | ||
10/49 |
1.1m | |
10/15 |
-86,027 | |
10/11 |
1,500 | |
14 |
-87,527 | |
17/49 |
1.1m | |
17 |
1.1m | |
170/4 |
1.1m | |
42/48 |
54,849 | |
42 |
46,869 | |
44 |
7,245 | |
440/4 |
7,245 | |
45 |
735 | |
450/3 |
735 | |
| Income statement | ||
9900 |
108,262 | |
630 |
148,492 | |
640/8 |
13,965 | |
9901 |
-54,195 | |
65/66B |
33,332 | |
65 |
33,332 | |
9903 |
-87,527 | |
9904 |
-87,527 | |
9905 |
-87,527 | |
| Appropriation of the result | ||
9906 |
-87,527 | |
| Document | ||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00249956 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 94,297 | ||
| 60,965 | ||
| 1.2m | ||
| -41,909 | ||
| -8.1% | ||
| 0.24 | ||
| -8.3% | ||
| 2.83 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €1.2m |
| Financial fixed assets | €18,633 |
| €148,492 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on SovImmo 89
Equity is negative. Debt (€1.1m) exceeds the balance-sheet total (€1.1m).
Board & ownership
Board
1 director, since incorporationDirector
since 18-12-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 03-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 20-12-2024
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €1,500
- Shares
- 150
- Contribution per share
- €10
- Equity per share
- -€574 in 2025
- Source
- deed of 20-12-2024
Articles of association
deed of 20-12-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 20-12-2024 ↗
- GEUBELLE Benoît 150 shares (100%) · €1,500
Network & group
No group
SovImmo 89 has no parent and no holdings in its annual accounts. GEUBELLE Benoît is the only director. SovImmo 89 shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 28 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017597405
2024
IncorporationFounding capital of €1,500, 150 shares · Founder: GEUBELLE Benoît · Appointment: GEUBELLE Benoît (director) · published on 20-12-20245 points ▸
- Founder, GEUBELLE Benoît
- Founding capital, €1,500, 150 shares
- Registered office clause, Rue du Commerce 124/1, 1000 Bruxelles
- Director appointment, GEUBELLE Benoît
- Power of attorney, John de BROUCHOVEN de BERGEYCK
- The deed holds 8 more points.
First establishment Handelsstraat 124/1, Brussels
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.597.405
- VAT number
- BE 1017.597.405
- Peppol ID
- 0208:1017597405
- Other Peppol ID
- 9925:BE1017597405
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-12-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 24-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SovImmo 89 in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-12-2024 (in French)
- Name clauseThe company operates under this name according to its articles.
- SovImmo 89deed of 20-12-2024 (in French)
Activities
NACEBEL 202568201
Renting and operating of own or leased residential real estate, excluding social housing main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La gestion de son patrimoine dans le sens le plus large du terme en effectuant par exemple tout placement mobilier (mobilier,immobilier,…)…”deed of 20-12-2024 (in French)
7 activities
- La gestion de son patrimoine dans le sens le plus large du terme en effectuant par exemple tout placement mobilier (mobilier,immobilier,…)
- L’acquisition et la gestion d’un patrimoine immobilier ainsi que toutes les opérations se rapportant directement ou indirectement à la mise en valeur de ce patrimoine
- Achat,vente,location d’appartements,de studio,de garages,entrepôts et dépôts,de bâtiments commerciaux ou de bureaux meublés ou non meublés
- Promoteur immobilier
- Location de business center type bureaux clefs en mains
- La participation à la gestion,l’administration,le contrôle et l’assistance de toute société ou entreprise belge ou étrangère
- Syndicat d’immeuble et copropriété
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Handelsstraat 124/1 registered office 1000 Brussels | 18-12-2024 | 2.368.213.626 |
Buildings and parcels at the address
- Ground area
- 231 m²
- Buildings
- 145 m²
- Volume, LiDAR
- 3,003 m³
- Tallest building
- 24.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21805E0143/00D000 | 231 m² | 1 · 145 m² | 24.5 m · 7 |
Contact
E-mail
benoit.geubelle@belnot.be establishment in Brussel
Phone
+32 2 230 70 55 establishment in Brussel