Bankrupt · Opening faillissement (CBE)

Real Estate Terrains

BE0692578317

Rechtspersoon Private limited company 1 establishment

Real Estate Terrains is registered with the CBE as active in: Handel in eigen onroerend goed. Private Limited, started on 15 March 2018, 1 establishment.

Slamstraat 9 box 1, 3600 Genk

Start date

15 March 2018

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 1 of the last 3 fiscal years.

  • Tight liquidity NBB

    Cash and receivables cover 29 % of short-term debt in 2023; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2023

Real Estate Terrains from Genk, company number BE0692578317, closed financial year 2023 with a result of € -642,467 after tax. For that financial year Real Estate Terrains recorded a gross margin of € -366,687 and equity of € -155,020. Compared with financial year 2022, the result moved from € 643,227 to € -642,467. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2024.

What it is worth Caution

€ -155,020

▼ € 642,467 vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -642,467

▼ still € 643,227 profit in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 9,347

▼ 98% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -205,020.

People and assets in 2023

Wage cost

€ 2,168

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 30,118

▲ € 29,413 vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

€ 734,929

▼ 75% vs 2022

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 804,550

▲ 55% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 279,142

▼ 42% vs 2022

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

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Key figures per fiscal year Download key figures (CSV)
202120222023Change 2022 → 2023
Gross margin € 1,089,756 € 2,190,311 € -366,687 ▼ € 2.6 million
Profit after taxes € 683,225 € 643,227 € -642,467 ▼ € 1.3 million
Equity € 844,220 € 487,447 € -155,020 ▼ € 642,467
Total debts € 3,609,132 € 5,411,719 € 2,553,610 ▼ 53%
Cash € 114,364 € 438,929 € 9,347 ▼ 98%
Land & buildings - € 159,073 € 159,073
Retained profit € 794,220 € 437,447 € -205,020 ▼ € 642,467
Dividend € 0 € 1,000,000 € 0 ▼ 100%
Bank debt € 1,936,491 € 2,953,928 € 734,929 ▼ 75%
Balance sheet total € 4,453,352 € 5,899,166 € 2,398,590 ▼ 59%

Key figures of Real Estate Terrains, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to Real Estate Terrains?

What happened at Real Estate Terrains in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Real Estate Terrains is active according to the CBE. Legal situation: Opening faillissement.

  • New annual accounts for financial year 2023: loss of € 642,467 (▼ € 1.3 million vs 2022). Source: NBB ↗
  • New establishment in Genk. KBO
  • Start of the company according to the CBE. KBO

In short

From € 683,225 profit in 2021 to € 642,467 loss in 2023.

Paid € 506,262 in corporate taxes since 2021.

Best year ever: 2021, with € 683,225 profit.

Paid out € 1 million in dividends to the owners in total.

Establishments

Establishment units

Physical locations of this company

Registered office

Slamstraat 9 box 1

3600 Genk

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0692.578.317
VAT number
BE 0692.578.317
Registered office
Slamstraat 9 bus 1, 3600 Genk
Names & denominations
Real Estate Terrains · R.E.T.
Enterprise type
Rechtspersoon
Legal form
Private limited company
Legal situation
Opening faillissement
Start date
15 March 2018
Peppol
Not registered
Activities · NACE

Handel in eigen onroerend goed

Ontwikkeling van niet-residentiële bouwprojecten

Algemene bouw van residentiële gebouwen

Ontwikkeling van residentiële bouwprojecten

Frequently asked questions

What does Real Estate Terrains do?
Real Estate Terrains is registered with the CBE as active in: Handel in eigen onroerend goed. Private Limited, started on 15 March 2018, 1 establishment.
What is the address of Real Estate Terrains?
The registered office of Real Estate Terrains is located at Slamstraat 9 box 1, 3600 Genk.
Is Real Estate Terrains still active?
No. The CBE lists Real Estate Terrains with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is Real Estate Terrains registered on Peppol?
No, Real Estate Terrains is currently not registered on the Peppol network.
What is the enterprise number of Real Estate Terrains?
The enterprise number of Real Estate Terrains is BE0692578317.
When was Real Estate Terrains founded?
Real Estate Terrains was founded on 15 March 2018.