SRE Belgium

Active

Private limited companyfounded 20206 yrs activeVaubanstraat 73, 8900 Ieper, BelgiumKBO/BCE: BE 0751.808.002

SRE Belgium has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €-4k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 13977 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

56 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability17▼-44

Solvency65▼-12

Growth52▼-26

Track record100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 2.54 against 2.07 in 2024; short-term debt: 21.4% and cash: 9.4% of total assets), but 60.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

9 d early

2024

on the day

2023

31 d late

2022

83 d late

2021

92 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

18-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Equity

€151k▼ 2.7%

2024 · €155k

2021: €58k 2022: €89k 2023: €127k 2024: €155k

2021 → 2025

Total assets

€381k▲ 27.0%

2024 · €300k

2021: €619k 2022: €111k 2023: €306k 2024: €300k

2021 → 2025

Net result

€-4k

2024 · €29k

2021: €18k 2022: €31k 2023: €38k 2024: €29k

2021 → 2025

Working capital

€126k▼ 19.0%

2024 · €155k

2021: €41k 2022: €73k 2023: €110k 2024: €155k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€58k-€89k▲ 54.3%€127k▲ 42.2%€155k▲ 22.7%€151k▼ 2.7%

Operating result€24k-€44k▲ 79.5%€51k▲ 17.8%€48k▼ 7.0%€-4k

Net result€18k-€31k▲ 76.6%€38k▲ 19.9%€29k▼ 23.5%€-4k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2025: a loss of €4k after €48k in 2024, the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €381k

45.6%

54.4%

Fixed assets €174k

Current assets €208k

Equity and liabilities €381k

39.6%

60.4%

Equity €151k▼ 2.7%

Debt €230k▲ 58.8%

The debt ratio rises from 48.3% to 60.4%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-2k

Cash flow

€-3k

Solvency

39.6%▼

2024 · 51.7%

Current ratio

2.54▲

2024 · 2.07

Quick ratio

2.54▲

2024 · 2.07

Debt / equity

1.52▲

2024 · 0.93

ROE

-2.7%▼

2024 · 18.5%

ROA

-1.1%▼

2024 · 9.6%

Interest coverage

-4.48

Debt

€230k▲

2024 · €145k

Debt ≤ 1 year

€82k▼

2024 · €145k

Debt > 1 year

€148k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€300k€381k▲

Fixed assets21/28-€174k

Tangible fixed assets22/27-€174k

Land and buildings22-€174k

Current assets29/58€300k€208k▼

Amounts receivable within one year40/41€7k-

Other amounts receivable41€7k-

Current investments50/53-€171k

Cash at bank and in hand54/58€293k€36k▼

Deferred charges and accrued income490/1-€687

Equity and liabilities

Total equity and liabilities10/49€300k€381k▲

Equity10/15€155k€151k▼

Contributions10/11€40k€40k=

Profit (loss) carried forward14€115k€111k▼

Amounts payable17/49€145k€230k▲

Amounts payable after more than one year17-€148k

Financial debts170/4-€148k

Amounts payable within one year42/48€145k€82k▼

Current portion of amounts payable after more than one year42-€9k

Other amounts payable47/48€145k€73k▼

Income statement Code20242025

Non-recurring operating income76A€48k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k

Other operating charges640/8€513€528▲

Non-recurring operating charges66A€2k-

Gross operating margin9900€50k€-2k▼

Operating profit (loss)9901€48k€-4k▼

Financial income75/76B€538-

Recurring financial income75€538-

Financial charges65/66B€10k€528▼

Recurring financial charges65€10k€528▼

Profit (loss) for the period before taxes9903€38k€-4k▼

Income taxes67/77€10k-

Profit (loss) for the period9904€29k€-4k▼

Profit (loss) for the period to be appropriated9905€29k€-4k▼

Appropriation of the result

Profit (loss) to be appropriated9906€115k€111k▼

Profit (loss) brought forward from the previous period14P€87k€115k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 5Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

22-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-4k ▼114%

Net result drops to €-4k, the lowest in the series.

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €150kEq €155k ▲22.7%

4 profitable years in a row build equity to €155k.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Highest result since 2021net €38k ▲19.9%

Operating result €51k, net result €38k, both a record.

31-12

Financial Equity above €100kEq €127k ▲42.2%

3 profitable years in a row build equity to €127k.

22-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 83 days late

2022

31-12

Financial Liquidity quadruplescurrent ratio 4.29

Current ratio from 1.07 to 4.29; short-term debt falls from €561k to €22k.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 92 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Ieper · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vaubanstraat 738900 Ieper

Ground area

1,920 m²

Building footprint

425 m²

Volume, LiDAR

2,408 m³

Parcel 33011C0006/00F003, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SRE BELGIUM

Vaubanstraat 73, 8900 IeperReal estate development

since 20202.305.649.319

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33011C0006/00F003	Flanders	1,920 m²	1 · 425 m²	9.8 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Hamme (Vl.) · Eq €151k

Of 7,322 companies in sector 68110 we hold annual accounts for 5,381. 3,812 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-08-2020

Fiscal year end31-12

Activities, NACEBEL

68110Buying and selling of own real estate

68201Renting and operating of own or leased residential real estate, excluding social housing

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.