2C IMMO
ActiveSummary
2C IMMO has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227,491 and a net result of €22,570. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 12761 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+2
Solvency67▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity short (current ratio 0.43 against 0.48 in 2024; short-term debt: 10.3% and cash: 1.7% of total assets), and 58.2% of the assets are financed with debt.
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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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
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
41.8%
Return on assets
4.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
4 d early
2023
on the day
2022
7 d early
2021
4 d early
2020
9 d early
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€227,491▲ 11.0%
2024 · €204,921
Total assets
€544,420▼ 10.7%
2024 · €609,403
Net result
€22,570▲ 40.1%
2024 · €16,104
Working capital
-€31,893▲ 43.7%
2024 · -€56,696
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,732€10,109▲ 171%€252,795▲ 2,401%€34,474▼ 86.4%€40,825▲ 18.4%
Net result€663€6,797▲ 925%€197,247▲ 2,802%€16,104▼ 91.8%€22,570▲ 40.1%
Equity-€15,228▲ 4.2%€185,785€188,817▲ 1.6%€204,921▲ 8.5%€227,491▲ 11.0%
Total assets€176,841▼ 18.9%€378,281▲ 114%€606,213▲ 60.3%€609,403▲ 0.5%€544,420▼ 10.7%
Debt€192,069▼ 17.9%€127,757▼ 33.5%€417,396▲ 227%€404,482▼ 3.1%€316,929▼ 21.6%
Working capital€72,073▼ 14.5%€334,705▲ 364%-€37,537-€56,696▼ 51.0%-€31,893▲ 43.7%
Staff (FTE)0.9▼ 10.0%11.1▲ 10.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €544,420
Fixed assets
€520,383 ▼ 6.6%
Current assets
€24,037 ▼ 54.1%
Equity and liabilities €544,420
Equity
€227,491 ▲ 11.0%
Debt
€316,929 ▼ 21.6%
Debt's share of the balance-sheet total falls from 66.4% to 58.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,521▲
2024 · €68,598
Cash flow
€59,266▲
2024 · €50,228
Current ratio
0.43▼
2024 · 0.48
Debt to equity
1.39▼
2024 · 1.97
ROE
9.9%▲
2024 · 7.9%
ROA
4.1%▲
2024 · 2.6%
Interest coverage
8.42▲
2024 · 6.56
Debt ≤ 1 year
€55,930▼
2024 · €109,020
Debt > 1 year
€260,999▼
2024 · €295,462
Income taxes
€9,047▲
2024 · €7,909
Staff costs
€46,310▼
2024 · €63,250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,324 | €259,022 | - | - | - |
| Remuneration, social security and pensions62 | - | €46,033 | €47,043 | €63,250 | €46,310 | ▼ 26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,870 | - | €23,952 | €34,124 | €36,696 | ▲ 7.5% |
| Other operating charges640/8 | - | €27 | €36 | €415 | €2,978 | ▲ 618% |
| Gross operating margin9900 | €58,702 | €56,169 | €323,826 | €132,262 | €126,809 | ▼ 4.1% |
| Operating profit (loss)9901 | €3,732 | €10,109 | €252,795 | €34,474 | €40,825 | ▲ 18.4% |
| Financial charges65/66B | - | €3,311 | €11,646 | €10,461 | €9,208 | ▼ 12.0% |
| Recurring financial charges65 | €3,069 | €3,311 | €11,646 | €10,461 | €9,208 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €663 | €6,797 | €241,149 | €24,013 | €31,617 | ▲ 31.7% |
| Income taxes67/77 | - | - | €43,902 | €7,909 | €9,047 | ▲ 14.4% |
| Profit (loss) for the period9904 | €663 | €6,797 | €197,247 | €16,104 | €22,570 | ▲ 40.1% |
| Profit (loss) for the period to be appropriated9905 | €663 | €6,797 | €197,247 | €16,104 | €22,570 | ▲ 40.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176,841 | €378,281 | €606,213 | €609,403 | €544,420 | ▼ 10.7% |
| Fixed assets21/28 | €44,644 | €50 | €555,558 | €557,079 | €520,383 | ▼ 6.6% |
| Tangible fixed assets22/27 | €44,081 | - | €555,508 | €556,384 | €519,688 | ▼ 6.6% |
| Land and buildings22 | - | - | €483,835 | €458,331 | €432,828 | ▼ 5.6% |
| Plant, machinery and equipment23 | - | - | €71,673 | €98,053 | €86,860 | ▼ 11.4% |
| Financial fixed assets28 | €563 | €50 | €50 | €695 | €695 | = |
| Current assets29/58 | €132,198 | €378,231 | €50,655 | €52,324 | €24,037 | ▼ 54.1% |
| Amounts receivable within one year40/41 | €60,709 | €71,919 | €37,801 | €50,778 | €14,586 | ▼ 71.3% |
| Trade receivables40 | - | €36,891 | €9,801 | €34,278 | €14,586 | ▼ 57.4% |
| Other amounts receivable41 | - | €35,028 | €28,000 | €16,500 | - | - |
| Cash at bank and in hand54/58 | €68,877 | €306,312 | €12,854 | €1,546 | €9,451 | ▲ 511% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176,841 | €378,281 | €606,213 | €609,403 | €544,420 | ▼ 10.7% |
| Equity10/15 | -€15,228 | €185,785 | €188,817 | €204,921 | €227,491 | ▲ 11.0% |
| Contributions10/11 | - | €18,937 | €18,937 | €18,937 | €18,937 | = |
| Reserves13 | €860 | €195,075 | €169,880 | €185,984 | €208,554 | ▲ 12.1% |
| Tax-exempt reserves132 | - | €194,216 | - | - | - | - |
| Distributable reserves133 | - | €860 | €169,880 | €185,984 | €208,554 | ▲ 12.1% |
| Profit (loss) carried forward14 | -€35,024 | -€28,227 | - | - | - | - |
| Provisions and deferred taxes16 | - | €64,739 | - | - | - | - |
| Deferred taxes168 | - | €64,739 | - | - | - | - |
| Amounts payable17/49 | €192,069 | €127,757 | €417,396 | €404,482 | €316,929 | ▼ 21.6% |
| Amounts payable after more than one year17 | €129,021 | €82,727 | €329,204 | €295,462 | €260,999 | ▼ 11.7% |
| Financial debts170/4 | - | €82,727 | €329,204 | €295,462 | €260,999 | ▼ 11.7% |
| Amounts payable within one year42/48 | €60,124 | €43,525 | €88,192 | €109,020 | €55,930 | ▼ 48.7% |
| Current portion of amounts payable after more than one year42 | - | €16,688 | €33,036 | €33,742 | €37,403 | ▲ 10.9% |
| Trade debts44 | €477 | €2,713 | €3,318 | €22,656 | - | - |
| Suppliers440/4 | - | €2,713 | €3,318 | €22,656 | - | - |
| Taxes, remuneration and social security45 | - | €16,546 | €50,990 | €46,746 | €12,611 | ▼ 73.0% |
| Taxes450/3 | - | €16,546 | €50,990 | €39,210 | €7,417 | ▼ 81.1% |
| Remuneration and social security454/9 | - | - | - | €7,536 | €5,194 | ▼ 31.1% |
| Other amounts payable47/48 | - | €7,579 | €848 | €5,876 | €5,916 | ▲ 0.7% |
| Accrued charges and deferred income492/3 | - | €1,504 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €663 | €6,797 | €197,247 | €16,104 | €22,570 | ▲ 40.1% |
| + Depreciation and write-downs630 | €20,870 | - | €23,952 | €34,124 | €36,696 | ▲ 7.5% |
| Operating cash flow (approximation) | €21,533 | €6,797 | €221,199 | €50,228 | €59,266 | ▲ 18.0% |
| Investment in fixed assets (approximation) | - | €44,594 | -€579,460 | -€35,645 | €0 | ▲ 100% |
| Change in cash | - | €237,435 | -€293,458 | -€11,308 | €7,905 | ▲ 170% |
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
Next filing, fiscal year 2026, expected by
2026
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €200,000Eq €204,921 ▲8.5%
4 profitable years in a row build equity to €204,921.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €197,247 ▲2,802%
Operating result €252,795, net result €197,247, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity quadruplescurrent ratio 8.69
Current ratio from 2.20 to 8.69; short-term debt falls from €60,124 to €43,525.
30-06
Financial
Equity above €150,000Eq €185,785
2 profitable years in a row build equity to €185,785.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €663
Net result €663 after one loss-making year.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet -€29,057
Net result drops to -€29,057, the lowest in the series; recovery starts the following year.
Show earlier events
30-06
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.86 to 2.22; short-term debt falls from €75,646 to €68,894.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 2 days late
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, Châtelet · 1 establishment unit since 2007
Ground area
1,019 m²
Building footprint
173 m²
Volume, LiDAR
1,507 m³
2 parcels, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue de Gilly 816, 6200 Châtelet
since 20072.214.600.565
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52007C0042/00F000 | Wallonia | 727 m² | 1 · 92 m² | 8.2 m · 2 fl. |
| 52502C0004/00R029 | Wallonia | 293 m² | 1 · 81 m² | 13.0 m · 4 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 2,771 companies in sector 69109 we hold annual accounts for 1,207. 889 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
Founded10-02-1970
Fiscal year end30-06
Abbreviation FR
2C
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
69109Other legal services
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
Phone
071/81.09.30Châtelet
Scores and ratios are computed by Checked and are not a credit decision.