Result
Back in profit in 2025, after a loss of €4,491 in 2024.
Back in profit in 2025, after a loss of €4,491 in 2024.
The accounts state no turnover.
Green is investment, beige is depreciation. Land and buildings stand 67.3% higher than in 2024.
Short-term debts rose from €158,569 to €438,294.
The 2018 accounts came 29 days late. The other nine of the last ten were filed on time.
Higher net result than 91% of companies in real estate. Sector median €9,997 · 11,290 companies.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 83% of them on solvency, 64% on liquidity, 93% on profitability and 81% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
In July 2024, 20,137 companies had the same profile as IMMO-EIBO has now. Each dot stands for 51 companies, two years later.
That fits the bankruptcy probability of IMMO-EIBO itself: < 0.1% within 12 months.
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 20,137 companies, not a prediction for IMMO-EIBO. 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.
Liquidity is insufficient, with a current ratio of 0.46 (1.36 in 2024), below 1. Short-term debt is 16.3% and cash 3.9% of total assets. 27.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 41 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.
| Company | ||||
|---|---|---|---|---|
| IMMO-EIBO Pelt | €2.7m | €743,445 | 72.9% | - |
| NICOLE JANSSEN Maaseik | €2.8m | €631,701 | 67.8% | 3.3 |
| Agentschap Vangronsveld Bilzen-Hoeselt | €3.2m | €843,600 | 50.0% | 4.3 |
| VICTOIRE PROPERTIES Woluwe-Saint-Pierre | €2.4m | €685,570 | 49.0% | - |
| ISERA VASTGOED Bruges | €2.4m | €889,406 | 23.5% | 9.5 |
| Agence immobilière sociale "Des Rivières" Saint-Ghislain | €3.0m | €740,677 | 88.6% | 5.9 |
| AGENCE ROSSEEL Ghent | €2.9m | €716,321 | 11.5% | 7.2 |
These companies have the same main activity as IMMO-EIBO: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €2.4m and €3.2m, founded between 1990 and 1999.
IMMO-EIBO files the abbreviated format. That format states no turnover. The gross margin rose from €76,058 in 2006 to €743,445 in 2025.
The balance sheet grew most in 2018 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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