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THE BULL & THE BEAR

Active
Public limited companyfounded 2002active for 24 yearsGrote Thems 10, 8490 Jabbeke, BelgiumKBO/BCE: BE 0476.876.348
Summary

THE BULL & THE BEAR has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €597,541 and a net result of €147,280, of which €92,058 non-recurring income. Equity has been stable since 2018 (±0.7% per year). Its solvency ranks better than 70% of 5,796 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 11-02-2002 Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 3 others
Establishment unit
2.095.876.030 8490 Jabbeke, since 18-04-2002
Financial year end
31 December
Peppol
Reachable since 14-01-2026

Board and ownership

Board

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€132,966
Turnover
≈ €180,000
estimated
Profit
€147,280
▲ 11.7%
Equity
€597,541
▲ 32.7%
Total assets
€930,106
▲ 99.3%
Score breakdownraises riskLiquidity: current ratio 0.93, cash €12,657lowers riskSize: total assets €930,106Figures for financial year 2025 (filed on 05-08-2026)Founded in 2002Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 67% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 89-11
equity 64.2% of total assets
Liquidity 37-63
short-term debt 34.3% · cash 1.4%
Profitability 89-11
return on assets 15.8%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.2% (26,625 companies, NACE 68, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.93 (20.49 in 2024), below 1. Short-term debt is 34.3% and cash 1.4% of total assets. 35.8% of the assets are financed with debt and provisions.
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 74% of them on solvency, 29% on liquidity, 85% on profitability and 81% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €930,106
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.93, cash €12,657
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 05-08-2026)
NBB · annual accounts
lowers risk · Founded in 2002
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €597,541
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
51 days early
2023
6 days early
2022
3 days early
2021
34 days early
2020
52 days early
2019
16 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €147,280, mostly one-off 8 years View
  • Merger with THE RAINTREEmerger on 25-04-2024 2024 View
  • Positive: Equity rose in 2025from €450,261 to €597,541 ▲ 32.7% View

Recent changes

  1. · Gazette deed Merger: THE BULL & THE BEAR takes over THE RAINTREEAppointments: GIELEN Frank (statutory director) and PAS Angelique (statutair bestuurder opvolger)
  2. · Gazette deed Merger proposal: THE BULL & THE BEAR NV takes over THE RAINTREE NVPermanent representative: Frank GIELEN
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as THE BULL & THE BEAR: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €899,000 and €1.1m, founded between 2000 and 2003.

CompanyTotal assetsGross margin
THE BULL & THE BEAR Jabbeke€0.9m€0.1m
IMMO - RENO Izegem€1.1m€0.1m
IMMATT Hooglede€1.1m€0.2m
DELARUE Gent€0.9m€0.1m
MAXXAN Lier€1.0m€0.1m
MATHI.EU Sint-Pieters-Leeuw€0.9m€0.1m
IMMO PASCALE Leuven€1.0m€0.1m
Full comparison

Key facts about THE BULL & THE BEAR

What is the company number of THE BULL & THE BEAR?
The company number of THE BULL & THE BEAR is 0476.876.348. The VAT number is the same number with BE in front: BE 0476.876.348.
Where is THE BULL & THE BEAR based?
The registered office is at Grote Thems 10, 8490 Jabbeke.Company details
What does THE BULL & THE BEAR do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of THE BULL & THE BEAR?
The legal form of THE BULL & THE BEAR is Public limited company (NV).
When was THE BULL & THE BEAR founded?
THE BULL & THE BEAR was founded on 11-02-2002.
Is THE BULL & THE BEAR still active?
Yes, THE BULL & THE BEAR is an active enterprise in the KBO register.
What is the turnover of THE BULL & THE BEAR?
The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €132,966 and 37 comparable companies (NACE 68203). It probably lies between €140,000 and €280,000.Financials
Is THE BULL & THE BEAR profitable?
In financial year 2025, THE BULL & THE BEAR made a profit of €147,280.
Where can I find the annual accounts of THE BULL & THE BEAR?
THE BULL & THE BEAR filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THE BULL & THE BEAR due?
THE BULL & THE BEAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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