SPECIAL PROPERTIES
ActiveSummary
SPECIAL PROPERTIES has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.2m and a net result of -€46,342. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability57▼-3
Solvency85▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €370,000 at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.82 in 2023; short-term debt: 8.9% and cash: 2.7% of total assets), and 39.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
31 d early
2023
26 d early
2022
2 d late
2021
19 d early
2020
4 d early
2019
68 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 6 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 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€5.2m▼ 0.9%
2023 · €5.2m
Total assets
€8.6m▲ 1.8%
2023 · €8.4m
Net result
-€46,342▼ 38.0%
2023 · -€33,581
Working capital
-€501,624▼ 288%
2023 · -€129,360
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€134,092▲ 117%€18,526▼ 86.2%€42,949▲ 132%-€45,747-€34,567▲ 24.4%
Net result€73,881within the sector's middle half▲ 355%-€34,849below the sector's middle half€20,259within the sector's middle half-€33,581below the sector's middle half-€46,342below the sector's middle half▼ 38.0%
Equity€5.7mabove the sector's middle half▲ 57.3%€5.7mabove the sector's middle half▼ 0.6%€5.3mabove the sector's middle half▼ 6.7%€5.2mabove the sector's middle half▼ 0.6%€5.2mabove the sector's middle half▼ 0.9%
Total assets€7.4mabove the sector's middle half▲ 21.9%€6.5mabove the sector's middle half▼ 11.6%€6.9mabove the sector's middle half▲ 5.4%€8.4mabove the sector's middle half▲ 23.1%€8.6mabove the sector's middle half▲ 1.8%
Debt€1.3m▼ 31.4%€528,174▼ 60.4%€1.3m▲ 140%€2.9m▲ 129%€3.1m▲ 7.3%
Working capital€207,995within the sector's middle half€192,151within the sector's middle half▼ 7.6%-€146,396within the sector's middle half-€129,360within the sector's middle half▲ 11.6%-€501,624below the sector's middle half▼ 288%
Solvency77.3%above the sector's middle half▲ 17.4pp86.8%above the sector's middle half▲ 9.6pp76.9%above the sector's middle half▼ 10.0pp62.0%within the sector's middle half▼ 14.8pp60.4%within the sector's middle half▼ 1.7pp
Current ratio1.16within the sector's middle half▲ 0.191.37within the sector's middle half▲ 0.210.79within the sector's middle half▼ 0.580.82within the sector's middle half▲ 0.030.34below the sector's middle half▼ 0.47
Return on assets (ROA)1.0%within the sector's middle half▲ 0.7pp-0.5%within the sector's middle half▼ 1.5pp0.3%within the sector's middle half▲ 0.8pp-0.4%within the sector's middle half▼ 0.7pp-0.5%within the sector's middle half▼ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34,567 in 2024 against €45,747 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.6m
Fixed assets
€8.3m ▲ 6.0%
Current assets
€263,765 ▼ 54.6%
Equity and liabilities €8.6m
Equity
€5.2m ▼ 0.9%
Provisions
€297,379 ▼ 3.3%
Debt
€3.1m ▲ 7.3%
Debt's share of the balance-sheet total rises from 34.3% to 36.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€213,676▲
2023 · €152,604
Cash flow
€201,900▲
2023 · €164,770
Debt to equity
0.60▲
2023 · 0.55
ROE
-0.9%▼
2023 · -0.6%
Interest coverage
4.66▼
2023 · 4.98
Debt ≤ 1 year
€765,389▲
2023 · €710,018
Debt > 1 year
€2.3m▲
2023 · €2.2m
Income taxes
€527▼
2023 · €11,450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 823 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
2.9%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 823 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89,779 | €147,692 | €158,729 | €198,351 | €248,242 | ▲ 25.2% |
| Other operating charges640/8 | - | €56,424 | €54,365 | €48,966 | €50,889 | ▲ 3.9% |
| Gross operating margin9900 | €254,127 | €222,643 | €256,042 | €201,570 | €264,565 | ▲ 31.3% |
| Operating profit (loss)9901 | €134,092 | €18,526 | €42,949 | -€45,747 | -€34,567 | ▲ 24.4% |
| Financial income75/76B | - | €2,299 | €10,057 | €44,096 | €24,497 | ▼ 44.4% |
| Recurring financial income75 | €22,474 | €2,299 | €10,057 | €44,096 | €24,497 | ▼ 44.4% |
| Financial charges65/66B | - | €17,055 | €17,213 | €30,620 | €45,886 | ▲ 49.9% |
| Recurring financial charges65 | €30,744 | €17,055 | €17,213 | €30,620 | €45,886 | ▲ 49.9% |
| Profit (loss) for the period before taxes9903 | €125,823 | €3,771 | €35,793 | -€32,272 | -€55,956 | ▼ 73.4% |
| Transfer from deferred taxes780 | - | €10,141 | €10,141 | €10,141 | €10,141 | = |
| Income taxes67/77 | €52,191 | €48,761 | €25,675 | €11,450 | €527 | ▼ 95.4% |
| Profit (loss) for the period9904 | €73,881 | -€34,849 | €20,259 | -€33,581 | -€46,342 | ▼ 38.0% |
| Transfer from tax-exempt reserves789 | - | €30,422 | €30,422 | €30,422 | €30,422 | = |
| Profit (loss) for the period to be appropriated9905 | €73,964 | -€4,427 | €50,681 | -€3,159 | -€15,920 | ▼ 404% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.4m | €6.5m | €6.9m | €8.4m | €8.6m | ▲ 1.8% |
| Fixed assets21/28 | €5.9m | €5.8m | €6.3m | €7.9m | €8.3m | ▲ 6.0% |
| Tangible fixed assets22/27 | €4.1m | €4.0m | €4.5m | €6.1m | €6.5m | ▲ 7.8% |
| Land and buildings22 | - | €3.9m | €4.4m | €6.0m | €6.4m | ▲ 7.6% |
| Plant, machinery and equipment23 | - | €43,834 | €51,230 | €90,184 | €108,797 | ▲ 20.6% |
| Furniture and vehicles24 | - | €3,274 | €2,282 | €1,290 | €298 | ▼ 76.9% |
| Financial fixed assets28 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Current assets29/58 | €1.5m | €713,527 | €558,717 | €580,659 | €263,765 | ▼ 54.6% |
| Amounts receivable within one year40/41 | €1.4m | €326,870 | €4,837 | €15,068 | €13,645 | ▼ 9.4% |
| Trade receivables40 | - | €4,837 | €4,837 | - | - | - |
| Other amounts receivable41 | - | €322,033 | - | €15,068 | €13,645 | ▼ 9.4% |
| Cash at bank and in hand54/58 | €63,270 | €380,624 | €544,235 | €549,730 | €232,761 | ▼ 57.7% |
| Deferred charges and accrued income490/1 | - | €6,033 | €9,645 | €15,860 | €17,359 | ▲ 9.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.4m | €6.5m | €6.9m | €8.4m | €8.6m | ▲ 1.8% |
| Equity10/15 | €5.7m | €5.7m | €5.3m | €5.2m | €5.2m | ▼ 0.9% |
| Contributions10/11 | €3.6m | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Capital10 | - | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Issued capital100 | - | €3.6m | €3.6m | €3.6m | €3.6m | = |
| Reserves13 | €2.0m | €2.0m | €1.6m | €1.6m | €1.6m | ▼ 1.9% |
| Non-distributable reserves130/1 | - | €178,525 | €178,525 | €178,525 | €178,525 | = |
| Legal reserve130 | - | €178,525 | €178,525 | €178,525 | €178,525 | = |
| Tax-exempt reserves132 | - | €983,403 | €952,981 | €922,559 | €892,136 | ▼ 3.3% |
| Distributable reserves133 | - | €800,000 | €500,000 | €500,000 | €500,000 | = |
| Profit (loss) carried forward14 | €82,511 | €78,084 | €28,765 | €25,606 | €9,686 | ▼ 62.2% |
| Provisions and deferred taxes16 | €337,942 | €327,801 | €317,660 | €307,520 | €297,379 | ▼ 3.3% |
| Deferred taxes168 | - | €327,801 | €317,660 | €307,520 | €297,379 | ▼ 3.3% |
| Amounts payable17/49 | €1.3m | €528,174 | €1.3m | €2.9m | €3.1m | ▲ 7.3% |
| Amounts payable after more than one year17 | €59,484 | - | €559,116 | €2.2m | €2.3m | ▲ 7.2% |
| Financial debts170/4 | - | - | €559,116 | €2.2m | €2.3m | ▲ 7.2% |
| Amounts payable within one year42/48 | €1.3m | €521,376 | €705,113 | €710,018 | €765,389 | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | €59,484 | - | - | €105,803 | - |
| Trade debts44 | €84,984 | €102,559 | €33,278 | €90,077 | €152,876 | ▲ 69.7% |
| Suppliers440/4 | - | €102,559 | €33,278 | €90,077 | €152,876 | ▲ 69.7% |
| Advances received on contracts in progress46 | - | €16,884 | €19,026 | €9,919 | €21,017 | ▲ 112% |
| Taxes, remuneration and social security45 | - | €67,427 | €27,990 | €10,675 | - | - |
| Taxes450/3 | - | €67,427 | €27,990 | €10,675 | - | - |
| Other amounts payable47/48 | - | €275,023 | €624,818 | €599,346 | €485,692 | ▼ 19.0% |
| Accrued charges and deferred income492/3 | - | €6,798 | €2,142 | €1,646 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73,881 | -€34,849 | €20,259 | -€33,581 | -€46,342 | ▼ 38.0% |
| + Depreciation and write-downs630 | €89,779 | €147,692 | €158,729 | €198,351 | €248,242 | ▲ 25.2% |
| Operating cash flow (approximation) | €163,661 | €112,843 | €178,987 | €164,770 | €201,900 | ▲ 22.5% |
| Investment in fixed assets (approximation) | - | -€62,569 | -€661,853 | -€1.8m | -€719,771 | ▲ 59.2% |
| Change in cash | - | €317,354 | €163,611 | €5,495 | -€316,969 | ▼ 5,868% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
State Gazette act
Reappointments: OMDL UNITED NV, OCHAZAS NV and OQUALITY IMMOBILIEN NVPermanent representatives: De Baets Lien, De Baets Mike and De Baets Dave10 facts ▸
State Gazette act
Reappointments: OMDL UNITED NV, OCHAZAS NV and OQUALITY IMMOBILIEN NV
Permanent representatives: De Baets Lien, De Baets Mike and De Baets Dave10 facts ▸
- General meeting, 29-06-2026
- Director reappointment, OMDL UNITED NV (director)
- Director reappointment, OCHAZAS NV (director)
- Director reappointment, OQUALITY IMMOBILIEN NV (director)
- Board composition, OMDL UNITED NV (director)
- Board composition, OCHAZAS NV (director)
- Board composition, OQUALITY IMMOBILIEN NV (director)
- Permanent representative, De Baets Lien (permanent representative)
- Permanent representative, De Baets Mike (permanent representative)
- Permanent representative, De Baets Dave (permanent representative)
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
31-12
Financial
Back to profitnet €20,259
Net result €20,259 after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €73,881 ▲355%
Operating result €134,092, net result €73,881, both a record.
31-12
Financial
Equity above €5mEq €5.7m ▲57.3%
2 profitable years in a row build equity to €5.7m.
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Back to profitnet €16,233
Net result €16,233 after one loss-making year.
Show earlier events
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26092243). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
OCHAZAS NV
CurrentDirector · Legal entity · perm. rep.: De Baets Mike
OMDL UNITED NV
CurrentDirector · Legal entity · perm. rep.: De Baets Lien
OQUALITY IMMOBILIEN NV
CurrentDirector · Legal entity · perm. rep.: De Baets Dave
Permanent representatives 3
De Baets Dave
CurrentPermanent representative · for OQUALITY IMMOBILIEN NV
De Baets Lien
CurrentPermanent representative · for OMDL UNITED NV
De Baets Mike
CurrentPermanent representative · for OCHAZAS NV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1996
Ground area
650 m²
Building footprint
240 m²
Volume, LiDAR
1,365 m³
Parcel 31013A0299/00C000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
SPECIAL PROPERTIES NV
since 19962.078.883.907
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0299/00C000 | Flanders | 650 m² | 1 · 240 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| OCHAZAS NV |
|
| OMDL UNITED NV |
|
| OQUALITY IMMOBILIEN NV |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Owners and holdings
2 owners · 1 holdingChain of control
- MDL United
- SPECIAL PROPERTIES
Highest known parent: MDL United. The sources do not say who stands above it.
Owners 2
- MDL UnitedparentSourceaccounts MDL United 202473.42%
-
26.57%
Holdings 1
-
16.6%
According to the 2024 annual accounts of SPECIAL PROPERTIES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 12,040 companies in sector 68203 we hold annual accounts for 6,007. 2,620 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-09-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458845632
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.