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United Real Estate

Active
Public limited companyfounded 1992active for 34 yearsMarialei 11, 2018 Antwerpen, Belgium24 active companies are registered at this addressKBO/BCE: BE 0447.785.652

From the official registers: KBO 46 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

United Real Estate has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13.1m and a net result of €1.2m. Equity remains stable across the filed financial years (±2.3% per year). Its solvency ranks better than 50% of 4,797 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisFollow ReportCompare
United Real EstateActiveChecked score 56/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 30-06-1992 Normal situation
Legal form
Public limited company
Registered office
Marialei 11, 2018 Antwerpen
Activity
Development of residential building projects NACE 68121
Establishment unit
2.058.473.028 2018 Antwerpen, since 11-08-1992
Financial year end
31 December
Peppol
Reachable since 22-12-2025
Company details

Who decides

Board
Auditor
HLB Dodémont - Van Impe & Co
Shareholders
Holdings
Shares in 5 companies including CITY DEVELOPMENT HALLE and DEVELOPMENT COORDINATION BELGIUM
Board & ownership

How it is doing

56 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2024
Turnover
€29.4m
▲ 16×
Profit
€1.2m
▼ 23.1%
Equity
€13.1m
▲ 9.7%
Total assets
€42.0m
▲ 7.7%
Standalone figures, without subsidiaries2025 accounts not filed, 93 days past the deadline
Filed on 14-07-2025PDF
Financials
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 14-07-2025)Liquidity: current ratio 1.20, cash €1.4mlowers riskSize: turnover €29.4m, total assets €42.0m, files consolidated accountsFounded in 1992Show the evidence

Checked score

Score 2024
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 51% of its sector peers (NACE 68, medium-sized)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Weak
Solvency 56=
equity 31.1% of total assets
Liquidity 17-4
short-term debt 68.8% · cash 3.3%
Profitability 44-3
return on assets 2.8%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,722 companies, NACE 68, medium-sized)
Last 24 months 11-2024: 0.9%highest value 12-2024: 0.2%▼ -0.7 percentage points vs 11-2024 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: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.2 percentage points vs 09-2026
Credit of up to €700,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.2, compared with 1.17 in 2023, below the usual 1.5; short-term debt: 68.8% and cash: 3.3% of total assets), and 68.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 54% on solvency, 13% on liquidity, 52% on profitability and 85% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 14-07-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.20, cash €1.4m
NBB · annual accounts
lowers risk · Size: turnover €29.4m, total assets €42.0m, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €13.1m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 5 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-07-2025, 17 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
not filed
2024
17 days early
2023
121 days late
2022
60 days late
2021
142 days late
2020
131 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 87 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Positive: Turnover rose in 2024from €1.8m to €29.4m ▲ 16× View
  • Positive: Among the best 8% on net resultsector median €11,194 · 4,810 companies €1.2m View
  • Board changedlatest change 01-03-2026 · 4 in office 1 joined · 1 left View
  • Positive: 5 profitable years in a rowprofit 2024: €1.2m 5 years View

Documents

Annual accounts at the NBB

All 46 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about United Real Estate

What is the company number of United Real Estate?
0447.785.652. In Belgium the VAT number is the company number with BE in front: BE 0447.785.652.
Where is United Real Estate based?
The registered office is at Marialei 11, 2018 Antwerpen.Company details
What does United Real Estate do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of United Real Estate?
Public limited company (NV).
When was United Real Estate founded?
On 30-06-1992.
Is United Real Estate still active?
Yes, United Real Estate is an active enterprise in the KBO register.
What is the turnover of United Real Estate?
€29.4m in financial year 2024, according to the filed annual accounts.Financials
Is United Real Estate profitable?
In financial year 2024, United Real Estate made a profit of €1.2m.
Where can I find the annual accounts of United Real Estate?
United Real Estate filed 46 annual accounts with the National Bank of Belgium, the latest for financial year 2024.Annual accounts 2024 (PDF)

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