BPI Real Estate Belgium
ActiveSummary
BPI Real Estate Belgium has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154.42M and a net result of €14.04M. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability30▲+12
Solvency95▲+5
Growth55▼-13
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5M at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.04 in 2024; short-term debt: 10.2% and cash: 0.1% of total assets), and 29.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.5%
Return on assets
6.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-03-2026, 123 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
123 d early
2024
122 d early
2023
111 d early
2022
122 d early
2021
122 d early
2020
123 d early
2019
123 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€15.23M▼ 14.3%
2024 · €17.76M
2022: €12.04M
2023: €24.37M
2024: €17.76M
2022 → 2025
EBIT margin
1.4%▲ 27.4pp
2024 · -26.0%
2022: -25.3%
2023: -11.0%
2024: -26.0%
2022 → 2025
Net result
€14.04M▼ 11.0%
2024 · €15.77M
2022: €22.59M
2023: €8.45M
2024: €15.77M
2022 → 2025
Working capital
€4.40M▲ 209%
2024 · €1.42M
2022: €-35.25M
2023: €3.56M
2024: €1.42M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€12.04M-€24.37M▲ 102%€17.76M▼ 27.1%€15.23M▼ 14.3%
Equity€114.17M-€144.62M▲ 26.7%€152.39M▲ 5.4%€154.42M▲ 1.3%
Operating result€-3.05M-€-2.69M▲ 11.9%€-4.61M▼ 71.6%€214k
Net result€22.59M-€8.45M▼ 62.6%€15.77M▲ 86.6%€14.04M▼ 11.0%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €214k after a loss of €4.61M in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219.15M
Fixed assets
€192.36M ▼ 3.4%
Current assets
€26.79M ▼ 27.9%
Equity and liabilities €219.15M
Equity
€154.42M ▲ 1.3%
Debt
€64.72M ▼ 22.8%
Debt's share of the balance-sheet total falls from 35.5% to 29.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€510k▲
2024 · €-4.32M
Cash flow
€14.33M▼
2024 · €16.05M
Current ratio
1.20▲
2024 · 1.04
Quick ratio
0.91▲
2024 · 0.76
Debt to equity
0.42▼
2024 · 0.55
ROE
9.1%▼
2024 · 10.3%
ROA
6.4%▼
2024 · 6.7%
Interest coverage
0.15▲
2024 · -1.02
Debt ≤ 1 year
€22.39M▼
2024 · €35.73M
Debt > 1 year
€41.90M▼
2024 · €47.63M
Income taxes
€610k▲
2024 · €87k
Staff costs
€3.33M▼
2024 · €3.99M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 88 lines
Balance sheet
Code20242025
Assets
Total assets20/58€236.23M€219.15M▼
Fixed assets21/28€199.07M€192.36M▼
Intangible fixed assets21€508k€355k▼
Tangible fixed assets22/27€703k€648k▼
Plant, machinery and equipment23€623k€570k▼
Furniture and vehicles24€77k€74k▼
Other tangible fixed assets26€3k€3k=
Financial fixed assets28€197.86M€191.36M▼
Affiliated companies280/1€196.34M€189.74M▼
Participating interests280€93.65M€92.33M▼
Amounts receivable281€102.68M€97.41M▼
Companies linked by participating interests282/3€1.43M€1.50M▲
Participating interests282€407k€407k=
Amounts receivable283€1.02M€1.09M▲
Other financial fixed assets284/8€97k€121k▲
Shares284€97k€121k▲
Current assets29/58€37.15M€26.79M▼
Stocks and contracts in progress3€10.16M€6.33M▼
Stocks30/36€10.16M€6.33M▼
Property held for sale35€10.16M€6.33M▼
Amounts receivable within one year40/41€26.77M€20.19M▼
Trade receivables40€1.70M€1.67M▼
Other amounts receivable41€25.07M€18.52M▼
Cash at bank and in hand54/58€107k€110k▲
Deferred charges and accrued income490/1€122k€158k▲
Equity and liabilities
Total equity and liabilities10/49€236.23M€219.15M▼
Equity10/15€152.39M€154.42M▲
Contributions10/11€88.51M€88.51M=
Capital10€88.51M€88.51M=
Issued capital100€88.51M€88.51M=
Outside capital11€829€829=
Share premium1100/10€829€829=
Revaluation surpluses12€1.55M€1.55M=
Reserves13€5.51M€6.50M▲
Non-distributable reserves130/1€5.51M€6.50M▲
Legal reserve130€5.51M€6.50M▲
Profit (loss) carried forward14€56.82M€57.86M▲
Amounts payable17/49€83.84M€64.72M▼
Amounts payable after more than one year17€47.63M€41.90M▼
Financial debts170/4€40.00M€40.00M=
Subordinated loans170€40.00M€40.00M=
Other amounts payable178/9€7.63M€1.90M▼
Amounts payable within one year42/48€35.73M€22.39M▼
Financial debts43€10.25M-
Other loans439€10.25M-
Trade debts44€5.26M€2.84M▼
Suppliers440/4€5.26M€2.84M▼
Advances received on contracts in progress46€3.63M€39k▼
Taxes, remuneration and social security45€810k€811k▲
Taxes450/3€131k€114k▼
Remuneration and social security454/9€679k€698k▲
Other amounts payable47/48€15.78M€18.70M▲
Accrued charges and deferred income492/3€477k€430k▼
Income statement
Code20242025
Operating income70/76A€18.62M€16.18M▼
Turnover70€17.76M€15.23M▼
Other operating income74€855k€952k▲
Operating charges60/66A€23.23M€15.97M▼
Goods for resale, raw materials and consumables60€11.88M€5.29M▼
Purchases600/8€13.65M€1.47M▼
Change in stocks: decrease (increase)609€-1.77M€3.82M▲
Services and other goods61€6.84M€6.89M▲
Remuneration, social security and pensions62€3.99M€3.33M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€287k€296k▲
Other operating charges640/8€229k€157k▼
Non-recurring operating charges66A-€2k
Operating profit (loss)9901€-4.61M€214k▲
Financial income75/76B€24.74M€17.99M▼
Recurring financial income75€24.74M€15.84M▼
Income from financial fixed assets750€22.83M€14.73M▼
Income from current assets751€1.60M€875k▼
Other financial income752/9€315k€228k▼
Non-recurring financial income76B-€2.16M
Financial charges65/66B€4.28M€3.56M▼
Recurring financial charges65€4.28M€3.56M▼
Debt charges650€4.22M€3.50M▼
Other financial charges652/9€54k€61k▲
Profit (loss) for the period before taxes9903€15.85M€14.65M▼
Income taxes67/77€87k€610k▲
Taxes670/3€87k€610k▲
Profit (loss) for the period9904€15.77M€14.04M▼
Profit (loss) for the period to be appropriated9905€15.77M€14.04M▼
Appropriation of the result
Profit (loss) to be appropriated9906€65.61M€70.85M▲
Profit (loss) brought forward from the previous period14P€49.84M€56.82M▲
Transfer to equity691/2€788k€990k▲
To the legal reserve6920€788k€990k▲
Profit to be distributed694/7€8.00M€12.00M▲
Return on contributions (dividend)694€8.00M€12.00M▲
Social balance
Average headcount (FTE)908727.123.1▼
The notes to these accounts (81 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
15-09
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €8.45M ▼62.6%
Net result drops to €8.45M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.50 to 1.08; short-term debt falls from €70.99M to €44.43M.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 35 acts read
About the unread acts
We know of 35 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
35 acts for this company are 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, Oudergem · 1 establishment unit since 1989
Ground area
5,641 m²
Building footprint
1,517 m²
Volume, LiDAR
16,785 m³
Parcel 21332B0498/00B000, Brussels · tallest building 25.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
S.A. BATIPONT IMMOBILIER N.V.
since 19892.045.053.869
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0498/00B000 | Brussels | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 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.
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Oudergem
Antwerpen · indirect
controls
BPI Real Estate BelgiumBE 0438.425.053
Recognitions · licences · registrations
Legal Entity Identifier
549300O47KJX06CQ4663
Similar companies · same sector, comparable size
IMOCOBEL
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BUYSSE & PARTNERS SMART ASSETS
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Antwerpen · Eq €152.69M
CENTR'HABITAT
BE 0401.763.211
La Louvière · Eq €188.35M
WILMARC INVEST
BE 0434.262.367
Oudergem · Eq €190.65M
WEERTS LOGISTIC PARKS HOLDING
BE 0837.446.629
Tongeren-Borgloon · Eq €124.05M
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 151 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-08-1989
Fiscal year end31-12
Abbreviation FR
B.P.I.
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.