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Town & City de la Bourse

Active
Public limited companyfounded 1973active for 53 yearsGodefriduskaai 28/6, 2000 Antwerpen, BelgiumKBO/BCE: BE 0412.924.941

From the official registers: KBO 43 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Town & City de la Bourse has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€132,734) and a net result of -€118,509. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 5,789 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 15-01-1973 Normal situation
Registered office
29 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
Establishment unit
2.008.027.286 2000 Antwerpen, since 03-03-1992
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
  • Belsize BVDirector · permanent representative Lyne Herbots
  • Bowline Management BVDirector · permanent representative Kristof Pirijns

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
-€39,695
▲ 25.3%
Loss
€118,509
▼ 8.3%
Equity
-€132,734
▼ 833%
Total assets
€2.3m
▼ 2.3%
Filed on 09-07-2026, 22 days before the deadlineat the National Bank
Score breakdownraises riskCapped at 59: negative equityNegative equity -€132,734Loss of €118,509, the second in a row (financial year 2025)Liquidity: current ratio 207.18, cash €25,850, halvedlowers riskSize: total assets €2.3mShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 23% of small companies in real estate (NACE 68)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 19-5
equity -5.7% of total assets
Liquidity 51-3
short-term debt 0.5% · cash 1.1%
Profitability 25+1
return on assets -5.0%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,990 companies, NACE 68, small)
Last 24 months 11-2024: 0.9%highest value 12-2024: 0.9%● unchanged vs 11-2024highest value 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.5%▼ -0.4 percentage points vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025lowest value 11-2025: 0.3%● unchanged vs 10-2025lowest value 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
No credit on open account
Short-term debt is 0.5% and cash 1.1% of total assets. Equity is negative.
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, small). It does better than 9% of them on solvency, 67% on liquidity, 17% on profitability and 1% on growth.

The bankruptcy probability was computed on 31-10-2026 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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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €2.3m
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 · Negative equity -€132,734
NBB · annual accounts
raises risk · Loss of €118,509, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 207.18, cash €25,850, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€132,734
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
24 days early
2023
21 days early
2022
30 days late
2021
33 days late
2020
3 days early
2019
53 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 9 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 11 July (4 of the last 5 accounts filed within 50 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 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

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€132,734 View
  • Risk: 4 loss-making years in a rowloss in financial year 2025 -€118,509 View
  • Caution: Equity fell in 2025from -€14,225 to -€132,734 ▼ 833% View
  • Caution: Less equity than 90% of companies in real estatesector median €944,451 · 5,790 companies -€132,734 View

Comparable companies

These companies have the same main activity as Town & City de la Bourse: 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 €1.9m and €3.2m, founded between 1947 and 1988.

CompanyTotal assetsGross margin
Town & City de la Bourse Antwerpen€2.3m-€0.04m
PRINSENBOS Kapellen€2.5m-€0.002m
DE OUDE NETHE Duffel€2.3m-€0.01m
VdP EXPLOITATION Assesse€2.3m-€0.03m
Société Méditerranéenne des Echanges Commerciaux Mons€1.9m-€0.06m
FAMIBEL Gent€3.2m€0.001m
I DOTTORI Zutendaal€2.6m-€0.008m
Full comparison

Documents

Annual accounts at the NBB

All 43 annual accounts

Articles and registers

Key facts about Town & City de la Bourse

What is the company number of Town & City de la Bourse?
The company number of Town & City de la Bourse is 0412.924.941. The VAT number is the same number with BE in front: BE 0412.924.941.
Where is Town & City de la Bourse based?
The registered office is at Godefriduskaai 28/6, 2000 Antwerpen.Company details
What does Town & City de la Bourse do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of Town & City de la Bourse?
The legal form of Town & City de la Bourse is Public limited company (NV).
When was Town & City de la Bourse founded?
Town & City de la Bourse was founded on 15-01-1973.
Is Town & City de la Bourse still active?
Yes, Town & City de la Bourse is an active enterprise in the KBO register.
What is the turnover of Town & City de la Bourse?
The annual accounts for financial year 2025 state no turnover.Financials
Is Town & City de la Bourse profitable?
In financial year 2025, Town & City de la Bourse made a loss of €118,509.
Where can I find the annual accounts of Town & City de la Bourse?
Town & City de la Bourse filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Town & City de la Bourse due?
Town & City de la Bourse must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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