Equity
€139,788 from €1.5m in 2017
Equity fell by 91% in 8 years.
VASTGOED SCHEPENS
Lifetime
19 annual accounts with figures on one time axis, 22 filings since 2003peak €424,990 (2011)
€155,194▼ 28.7%
lowest -€3,306 (2023)
€7,588▼ 91.9%
peak €1.5m (2017)
€139,788▼ 25.7%
€126,455▼ 69.5%
peak 2 FTE (2025)
2 FTE▲ 33.3%
Board5 names since 2021
3 directorsDeronne Vastgoeddiensten and 2 others
Owners
70.43%HubR
Documentsfilings and deeds
22-06-202639 days before the deadline
2025abbreviated format
Gross margin from €217,737 to €155,194Result from €93,878 to €7,588Staff from 1.5 FTE to 2 FTEResignation: SCHEPENS Rik (director) 18-06Dividend €56,000Equity from €188,200 to €139,788
Key points
from the 2025 annual accountsResult
€7,588 ▼ 91.9%
The result fell in 2025 from €93,878 to €7,588.
Turnover
≈ €270,000 estimated
The accounts state no turnover.
Staff
3 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Liquidity
2.02 was 1.38 in 2024
Short-term debts fell from €403,636 to €119,036.
Filings
22 annual accounts since 2003
The last five annual accounts were filed 1 to 45 days before the end of the period.
Checked score
95
Excellent
Financially stronger than 58% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged 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 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: 0.1%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.02, cash €160,359, halved
Equity €139,788 (52.5% of total assets)
Size: 2 FTE, total assets €266,243
Founded in 2002
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 66% of them on solvency, 85% on liquidity, 64% on profitability and 19% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as VASTGOED SCHEPENS has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of VASTGOED SCHEPENS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for VASTGOED SCHEPENS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.02 (1.38 in 2024), above the usual 1.5. Short-term debt is 44.7% and cash 60.2% of total assets. 47.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
45 days early
2023
15 days early
2022
32 days early
2021
1 day early
2020
on the day
2019
15 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 21 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 22 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HubR 70.43%equity €2.4m (2025) · 2025 annual accounts of HubR
- Deronne Vastgoeddienstenscore 95equity €489,166 (2025) · deed of 08-06-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478359458
Resignation: SCHEPENS Rik (director)
Director discharge: SCHEPENS Rik · General meeting of 12-06-2025 · Gazette deed
Company renamed from VASTGOED RIK SCHEPENS to VASTGOED SCHEPENS
Change of role: Rik Schepens, from director to managing director · Resignation: Res Immobilaria (director) · Appointments: Deronne Vastgoeddiensten, HUBR and Olivier Lanckriet · Gazette deed
First establishment
Gentstraat 70, Deinze
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VASTGOED SCHEPENS Deinze | €266,243 | €155,194 | 52.5% | 2 |
| P.L.M. Ostend | €285,057 | €177,622 | 56.2% | 1.9 |
| PHD Boom | €191,859 | €127,670 | 13.5% | 1.9 |
| JOLIE INVEST COMPANY Ostend | €218,436 | €131,117 | 32.8% | 1.5 |
| Vakantieverhuur Knokke-Heist | €263,715 | €102,529 | 11.8% | 2 |
| VVM TIELT Tielt | €398,721 | €139,560 | 0.8% | 1.8 |
| K & H Tielt-Winge | €180,725 | €116,176 | 15.9% | 2.1 |
These companies have the same main activity as VASTGOED SCHEPENS: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €181,000 and €399,000, founded between 1998 and 2005.
Official details
Source: KBO- Status
- Active since 18-09-2002Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 1 other
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.161.747.4439800 Deinze, since 19-03-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Annual accounts 2025
- €266,243▼ 55.9%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on VASTGOED SCHEPENS
VASTGOED SCHEPENS files the abbreviated format. That format states no turnover. The gross margin fell from €243,007 in 2007 to €155,194 in 2025.
HubR holds 70.43% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VASTGOED SCHEPENS
- What is the company number of VASTGOED SCHEPENS?
- The company number of VASTGOED SCHEPENS is 0478.359.458. The VAT number is the same number with BE in front: BE 0478.359.458.
- Where is VASTGOED SCHEPENS based?
- The registered office is at Gentstraat 70, 9800 Deinze.Company details
- What does VASTGOED SCHEPENS do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of VASTGOED SCHEPENS?
- VASTGOED SCHEPENS is a private limited company (BV).
- When was VASTGOED SCHEPENS founded?
- VASTGOED SCHEPENS was founded on 18-09-2002.
- Is VASTGOED SCHEPENS still active?
- Yes, VASTGOED SCHEPENS is an active enterprise in the KBO register.
- How many employees does VASTGOED SCHEPENS have?
- VASTGOED SCHEPENS had an average of 2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VASTGOED SCHEPENS fall under?
- In its 2025 annual accounts, VASTGOED SCHEPENS states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of VASTGOED SCHEPENS?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €155,194 and 32 comparable companies (NACE 68310). It probably lies between €220,000 and €420,000.
- Is VASTGOED SCHEPENS profitable?
- In financial year 2025, VASTGOED SCHEPENS made a profit of €7,588.
- Where can I find the annual accounts of VASTGOED SCHEPENS?
- VASTGOED SCHEPENS filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VASTGOED SCHEPENS due?
- VASTGOED SCHEPENS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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