PROSPECT RE DEVELOPMENT
ActiveSummary
PROSPECT RE DEVELOPMENT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145k and a net result of €-71k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▲+10
Solvency30▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.77 against 0.67 in 2023; short-term debt: 69.7% and cash: 0.2% of total assets), and 94.6% of the assets are financed with debt.
Credit check 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
5.4%
Return on assets
-2.6%
Age of the figures
21 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-71k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
91 d late
2022
59 d late
2021
11 d late
2020
31 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€2.68M
EBIT margin
25.3%
Net result
€-71k▲ 74.0%
2023 · €-273k
2018: €536k
2019: €-214k▼ -140% vs 2018
2020: €-299k▼ -39.6% vs 2019lowest in 7 years
2021: €-10k▲ +96.6% vs 2020
2022: €699k▲ +6933% vs 2021highest in 7 years
2023: €-273k▼ -139% vs 2022
2024: €-71k▲ +74.0% vs 2023
2018 → 2024
Working capital
€-429k▲ 20.1%
2023 · €-537k
2018: €402k
2019: €690k▲ +71.9% vs 2018
2020: €726k▲ +5.2% vs 2019highest in 7 years
2021: €356k▼ -51.0% vs 2020
2022: €596k▲ +67.5% vs 2021
2023: €-537k▼ -190% vs 2022lowest in 7 years
2024: €-429k▲ +20.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-199k-€-209k▼ 5.1%€489k€216k▼ 55.8%€145k▼ 32.9%
2020: €-199k
2021: €-209k▼ -5.1% vs 2020lowest in 5 years
2022: €489k▲ +334% vs 2021highest in 5 years
2023: €216k▼ -55.8% vs 2022
2024: €145k▼ -32.9% vs 2023
Operating result€-260k-€37k€-73k€-217k▼ 197%€-19k▲ 91.3%
2020: €-260klowest in 5 years
2021: €37k▲ +114% vs 2020highest in 5 years
2022: €-73k▼ -298% vs 2021
2023: €-217k▼ -197% vs 2022
2024: €-19k▲ +91.3% vs 2023
Net result€-299k-€-10k▲ 96.6%€699k€-273k€-71k▲ 74.0%
2020: €-299klowest in 5 years
2021: €-10k▲ +96.6% vs 2020
2022: €699k▲ +6933% vs 2021highest in 5 years
2023: €-273k▼ -139% vs 2022
2024: €-71k▲ +74.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2024 against €217k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.70M
Fixed assets
€1.25M ▼ 30.4%
Current assets
€1.45M ▲ 35.1%
Equity and liabilities €2.70M
Equity
€145k ▼ 32.9%
Debt
€2.55M ▼ 3.7%
Debt's share of the balance-sheet total rises from 92.5% to 94.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▲
2023 · €-198k
Cash flow
€-41k▲
2023 · €-254k
Current ratio
0.77▲
2023 · 0.67
Quick ratio
0.56▲
2023 · 0.38
Debt to equity
17.61▲
2023 · 12.27
ROE
-49.0%▲
2023 · -126.5%
ROA
-2.6%▲
2023 · -9.5%
Interest coverage
0.13▲
2023 · -2.60
Debt ≤ 1 year
€1.88M▲
2023 · €1.61M
Debt > 1 year
€659k▼
2023 · €1.02M
Income taxes
€27▼
2023 · €492
Staff costs
€46k▼
2023 · €48k
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 · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.87M€2.70M▼
Fixed assets21/28€1.79M€1.25M▼
Tangible fixed assets22/27€664k€119k▼
Land and buildings22€562k€40k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€18k€11k▼
Other tangible fixed assets26€80k€66k▼
Financial fixed assets28€1.13M€1.13M=
Current assets29/58€1.07M€1.45M▲
Amounts receivable after more than one year29€66k€66k=
Other amounts receivable291€66k€66k=
Stocks and contracts in progress3€467k€398k▼
Stocks30/36€467k€398k▼
Amounts receivable within one year40/41€467k€549k▲
Trade receivables40€22k€22k=
Other amounts receivable41€445k€527k▲
Cash at bank and in hand54/58€54k€4k▼
Deferred charges and accrued income490/1€20k€434k▲
Equity and liabilities
Total equity and liabilities10/49€2.87M€2.70M▼
Equity10/15€216k€145k▼
Contributions10/11€6k€6k=
Reserves13€12k€12k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€197k€126k▼
Amounts payable17/49€2.65M€2.55M▼
Amounts payable after more than one year17€1.02M€659k▼
Financial debts170/4€1.02M€659k▼
Amounts payable within one year42/48€1.61M€1.88M▲
Current portion of amounts payable after more than one year42€1.24M€1.36M▲
Trade debts44€3k€27k▲
Suppliers440/4€3k€27k▲
Taxes, remuneration and social security45€27k€68k▲
Taxes450/3€10k€49k▲
Remuneration and social security454/9€17k€19k▲
Other amounts payable47/48€343k€424k▲
Accrued charges and deferred income492/3€13k€12k▼
Income statement
Code20232024
Non-recurring operating income76A-€205k
Remuneration, social security and pensions62€48k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€30k▲
Other operating charges640/8€9k€11k▲
Gross operating margin9900€-141k€69k▲
Operating profit (loss)9901€-217k€-19k▲
Financial income75/76B€20k€31k▲
Recurring financial income75€20k€31k▲
Financial charges65/66B€76k€83k▲
Recurring financial charges65€76k€83k▲
Profit (loss) for the period before taxes9903€-273k€-71k▲
Income taxes67/77€492€27▼
Profit (loss) for the period9904€-273k€-71k▲
Profit (loss) for the period to be appropriated9905€-273k€-71k▲
Appropriation of the result
Profit (loss) to be appropriated9906€197k€126k▼
Profit (loss) brought forward from the previous period14P€471k€197k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €205k | - |
| Remuneration, social security and pensions62 | - | €47k | €41k | €48k | €46k | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €29k | €30k | €19k | €30k | ▲ 59.7% |
| Other operating charges640/8 | - | €680 | €28k | €9k | €11k | ▲ 17.2% |
| Gross operating margin9900 | €-176k | €114k | €27k | €-141k | €69k | ▲ 149% |
| Operating profit (loss)9901 | €-260k | €37k | €-73k | €-217k | €-19k | ▲ 91.3% |
| Financial income75/76B | - | €10k | €814k | €20k | €31k | ▲ 53.3% |
| Recurring financial income75 | €8k | €10k | €814k | €20k | €31k | ▲ 53.3% |
| Financial charges65/66B | - | €52k | €41k | €76k | €83k | ▲ 9.5% |
| Recurring financial charges65 | €44k | €52k | €41k | €76k | €83k | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €-297k | €-4k | €700k | €-273k | €-71k | ▲ 74.0% |
| Income taxes67/77 | €2k | €6k | €2k | €492 | €27 | ▼ 94.5% |
| Profit (loss) for the period9904 | €-299k | €-10k | €699k | €-273k | €-71k | ▲ 74.0% |
| Profit (loss) for the period to be appropriated9905 | €-268k | €-10k | €699k | €-273k | €-71k | ▲ 74.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.25M | €3.01M | €3.16M | €2.87M | €2.70M | ▼ 5.9% |
| Fixed assets21/28 | €1.35M | €1.87M | €1.81M | €1.79M | €1.25M | ▼ 30.4% |
| Tangible fixed assets22/27 | €393k | €688k | €681k | €664k | €119k | ▼ 82.1% |
| Land and buildings22 | - | €583k | €569k | €562k | €40k | ▼ 92.9% |
| Plant, machinery and equipment23 | - | €3k | €3k | €3k | €2k | ▼ 52.3% |
| Furniture and vehicles24 | - | - | €22k | €18k | €11k | ▼ 40.8% |
| Other tangible fixed assets26 | - | €102k | €87k | €80k | €66k | ▼ 17.5% |
| Financial fixed assets28 | €956k | €1.18M | €1.13M | €1.13M | €1.13M | = |
| Current assets29/58 | €898k | €1.14M | €1.35M | €1.07M | €1.45M | ▲ 35.1% |
| Amounts receivable after more than one year29 | - | €66k | €66k | €66k | €66k | = |
| Trade receivables290 | - | €66k | €66k | - | - | - |
| Other amounts receivable291 | - | - | - | €66k | €66k | = |
| Stocks and contracts in progress3 | €567k | €398k | €398k | €467k | €398k | ▼ 14.9% |
| Stocks30/36 | - | €398k | €398k | €467k | €398k | ▼ 14.9% |
| Amounts receivable within one year40/41 | €204k | €412k | €831k | €467k | €549k | ▲ 17.6% |
| Trade receivables40 | - | €228k | €528k | €22k | €22k | = |
| Other amounts receivable41 | - | €184k | €303k | €445k | €527k | ▲ 18.5% |
| Cash at bank and in hand54/58 | €55k | €249k | €35k | €54k | €4k | ▼ 91.7% |
| Deferred charges and accrued income490/1 | - | €11k | €21k | €20k | €434k | ▲ 2,033% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.25M | €3.01M | €3.16M | €2.87M | €2.70M | ▼ 5.9% |
| Equity10/15 | €-199k | €-209k | €489k | €216k | €145k | ▼ 32.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €12k | €12k | €12k | €12k | €12k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €11k | €11k | €11k | €11k | = |
| Profit (loss) carried forward14 | €-218k | €-228k | €471k | €197k | €126k | ▼ 36.0% |
| Amounts payable17/49 | €2.45M | €3.22M | €2.67M | €2.65M | €2.55M | ▼ 3.7% |
| Amounts payable after more than one year17 | €2.27M | €2.42M | €1.90M | €1.02M | €659k | ▼ 35.6% |
| Financial debts170/4 | - | €2.42M | €1.90M | €1.02M | €659k | ▼ 35.6% |
| Amounts payable within one year42/48 | €172k | €781k | €755k | €1.61M | €1.88M | ▲ 16.7% |
| Current portion of amounts payable after more than one year42 | - | €171k | €168k | €1.24M | €1.36M | ▲ 9.9% |
| Trade debts44 | €29k | €39k | €100k | €3k | €27k | ▲ 946% |
| Suppliers440/4 | - | €39k | €100k | €3k | €27k | ▲ 946% |
| Advances received on contracts in progress46 | - | €151k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €8k | €75k | €27k | €68k | ▲ 150% |
| Taxes450/3 | - | €3k | €59k | €10k | €49k | ▲ 397% |
| Remuneration and social security454/9 | - | €5k | €15k | €17k | €19k | ▲ 9.3% |
| Other amounts payable47/48 | - | €412k | €412k | €343k | €424k | ▲ 23.7% |
| Accrued charges and deferred income492/3 | - | €13k | €11k | €13k | €12k | ▼ 8.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-299k | €-10k | €699k | €-273k | €-71k | ▲ 74.0% |
| + Depreciation and write-downs630 | €29k | €29k | €30k | €19k | €30k | ▲ 59.7% |
| Operating cash flow (approximation) | €-270k | €19k | €728k | €-254k | €-41k | ▲ 83.9% |
| Investment in fixed assets (approximation) | - | €-551k | €32k | €-2k | €515k | ▲ 32,471% |
| Change in cash | - | €194k | €-214k | €19k | €-50k | ▼ 366% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Back to profitnet €699k
Net result €699k after 3 loss-making years.
31-12
Financial
Equity above €200kEq €489k
Equity rises from €-209k to €489k.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-299k
Net result drops to €-299k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mons · 1 establishment unit since 2013
Ground area
1,468 m²
Building footprint
270 m²
Volume, LiDAR
1,738 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
PROSPECT RE DEVELOPMENT
since 20132.222.140.930
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53071B0009/00B000 | Wallonia | 803 m² | 1 · 185 m² | 8.3 m · 2 fl. |
| 53071B0011/00D002 | Wallonia | 665 m² | 1 · 85 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.