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SPAIN PROPERTIES

Active
Private limited company (pre-2019)founded 20179 yrs activeGrand'Route 3, 4360 Oreye, BelgiumKBO/BCE: BE 0673.774.272
Summary

SPAIN PROPERTIES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€58,691) and a net result of -€24,408. Equity is shrinking by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 15312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
SPAIN PROPERTIESActiveChecked score 59/100
Risk analysis ReportCompare

Overview

What they do
Real estate agency activities
NACE 68310NACE 68311Property management for co-owned buildings (syndics) NACE 68321
1 site
How big
€25,842total assets 2025
Staff
2 FTE
Equity
-€58,691
Loss
-€24,408
Financially healthy?
59 Fair Checked score 2025
Bankruptcy chance 12 m
0.7%
Who decides
Parent
ZAP'INVEST · 100%
Accounts filed 24 d late0 of 2 deeds read
Why 59Capped at 59: negative equity- Negative equity -€58,691- Loss of €24,408 (FY 2025)+ Size: total assets €25,842+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2025
59 / 100
Fair
Probability in this band: 1.5% to 4.2%
Place in the band from the probability alone: no sector peers known
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -227.1% of total assets
Liquidity 50=
short-term debt 326.9% · cash 43.1%
Profitability 0-100
return on assets -94.5%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,331 companies)
Last 24 months 11-2024: 1.1% 12-2024: 1.1%● 0.0% vs 11-2024 01-2025: 1.1%▼ -0.6% vs 12-2024 02-2025: 1.1%● 0.0% vs 01-2025 03-2025: 1.1%▼ -1.5% vs 02-2025 04-2025: 1.1%● 0.0% vs 03-2025 05-2025: 1.0%▼ -5.5% vs 04-2025 06-2025: 1.0%▼ -3.4% vs 05-2025 07-2025: 1.1%▲ +7.7% vs 06-2025 08-2025: 1.5%▲ +38.8% vs 07-2025highest value 09-2025: 0.3%▼ -81.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%▼ -5.2% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -2.6% vs 12-2025 02-2026: 0.3%▼ -1.1% vs 01-2026 03-2026: 0.3%▲ +2.7% vs 02-2026 04-2026: 0.3%▲ +0.7% vs 03-2026 05-2026: 0.3%▼ -2.6% vs 04-2026 06-2026: 0.3%▼ -1.1% vs 05-2026lowest value 07-2026: 0.3%▲ +8.0% vs 06-2026 08-2026: 0.4%▲ +39.0% vs 07-2026 09-2026: 0.7%▲ +69.9% vs 08-2026 10-2026: 0.7%● 0.0% vs 09-2026
  • Size: total assets €25,842 lowers the probability for this profile
  • Negative equity -€58,691 raises the probability
  • Loss of €24,408 (FY 2025) raises the probability
  • Sector Real estate activities (NACE 68) lowers the probability
No credit on open account
Liquidity short (current ratio 0.31 against 0.3 in 2024; short-term debt: 326.9% and cash: 43.1% 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: from the bankruptcy probability alone, as no sector peers are known.

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

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €25,842
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€58,691
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €24,408 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
18202122232425
2018 to 2025 · latest year -€58,691
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 7 filings
Deviation from the deadline
2025
24 d late
2024
27 d late
2023
20 d late
2022
24 d late
2021
25 d late
2020
30 d late
2018
28 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 25 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 24 August (5 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. Weakest financial yearnet -€24,408
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€58,691 View
  • Caution: Among the weakest 5% on solvencysector median 29.5% · 15,312 companies -227.1% View
  • Controlled by ZAP'INVEST 100% View

By topic

Financials

Fiscal year
2025
Total assets
€25,842
Loss
-€24,408
Solvency
-227.1%
Total assets▲ 72.4%
Net result
20182025
Go to Financials

Timeline

Events
9
Since
2019
Next accounts
by 31-07-2027
  1. 24-08-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 27-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Real estate agency activitiesNACE 68310
Founded
03-04-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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