Pure Estates
ActiveSummary
Pure Estates has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €87k and a net result of €-9k. Equity is shrinking by ~27.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 62% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▲+10
Solvency70▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.75 in 2023; short-term debt: 54.9% and cash: 6.9% of total assets), but 54.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · 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 · 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
45.1%
Return on assets
-4.5%
Age of the figures
21 mo
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 €-9k
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 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
41 d early
2022
47 d early
2021
41 d early
2020
43 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€87k▼ 52.8%
2023 · €185k
2018: €1.52M
2019: €1.49M
2020: €1.28M
2021: €969k
2022: €440k
2023: €185k
2018 → 2024
Total assets
€193k▼ 51.1%
2023 · €395k
2018: €1.85M
2019: €1.89M
2020: €1.87M
2021: €1.33M
2022: €898k
2023: €395k
2018 → 2024
Net result
€-9k▲ 82.8%
2023 · €-51k
2018: €210k
2019: €94k
2020: €150k
2021: €2k
2022: €-77k
2023: €-51k
2018 → 2024
Working capital
€66k▼ 57.7%
2023 · €157k
2018: €1.49M
2019: €1.46M
2020: €1.26M
2021: €942k
2022: €408k
2023: €157k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.28M-€969k▼ 24.0%€440k▼ 54.6%€185k▼ 58.0%€87k▼ 52.8%
Operating result€211k-€-4k€-88k▼ 2,303%€-59k▲ 32.6%€-21k▲ 64.3%
Net result€150k-€2k▼ 98.6%€-77k€-51k▲ 34.0%€-9k▲ 82.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €59k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €193k
Fixed assets
€21k ▼ 24.2%
Current assets
€173k ▼ 53.1%
Equity and liabilities €193k
Equity
€87k ▼ 52.8%
Debt
€106k ▼ 49.7%
Debt's share of the balance-sheet total rises from 53.3% to 54.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-14k▲
2023 · €-53k
Cash flow
€-2k▲
2023 · €-44k
Current ratio
1.63▼
2023 · 1.75
Quick ratio
1.58▼
2023 · 1.72
Debt to equity
1.22▲
2023 · 1.14
ROE
-10.0%▲
2023 · -27.4%
ROA
-4.5%▲
2023 · -12.8%
Interest coverage
-17.39▼
2023 · -2.43
Debt ≤ 1 year
€106k▼
2023 · €211k
Income taxes
€301▼
2023 · €416
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 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€395k€193k▼
Fixed assets21/28€27k€21k▼
Tangible fixed assets22/27€27k€21k▼
Plant, machinery and equipment23€21k€15k▼
Furniture and vehicles24€7k€6k▼
Current assets29/58€368k€173k▼
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€51k€32k▼
Other amounts receivable41€51k€32k▼
Current investments50/53€303k€120k▼
Cash at bank and in hand54/58€6k€13k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€395k€193k▼
Equity10/15€185k€87k▼
Contributions10/11€20k€20k=
Reserves13€292k€203k▼
Distributable reserves133€292k€203k▼
Profit (loss) carried forward14€-127k€-136k▼
Amounts payable17/49€211k€106k▼
Amounts payable within one year42/48€211k€106k▼
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€704€3k▲
Taxes450/3€704€3k▲
Other amounts payable47/48€205k€98k▼
Income statement
Code20232024
Non-recurring operating income76A-€9k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-51k€-12k▲
Operating profit (loss)9901€-59k€-21k▲
Financial income75/76B€30k€14k▼
Recurring financial income75€30k€14k▼
Financial charges65/66B€22k€830▼
Recurring financial charges65€22k€830▼
Profit (loss) for the period before taxes9903€-50k€-8k▲
Income taxes67/77€416€301▼
Profit (loss) for the period9904€-51k€-9k▲
Profit (loss) for the period to be appropriated9905€-51k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-127k€-136k▼
Profit (loss) brought forward from the previous period14P€-77k€-127k▼
Transfer from equity791/2€205k€89k▼
Profit to be distributed694/7€205k€89k▼
Return on contributions (dividend)694€205k€89k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kalmthout · 1 establishment unit since 2002
Ground area
5,841 m²
Building footprint
287 m²
Volume, LiDAR
1,850 m³
Parcel 11662E0604/00X003, Flanders · tallest building 17.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PRO-B
since 20022.114.416.490
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0604/00X003 | Flanders | 5,841 m² | 1 · 287 m² | 17.0 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
2221004NQAN191QYU542
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MAILLEN CONSTRUCTIONS
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DWPARTNERS
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,277 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 formPrivate limited company
Founded08-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.