A&R - IMMO
ActiveSummary
A&R - IMMO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.35M and a net result of €126k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.49 in 2024; short-term debt: 14.2% and cash: 20.8% of total assets), and 17.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
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
82.3%
Return on assets
7.7%
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 29-12-2025, 33 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
33 d early
2024
45 d early
2023
40 d early
2022
39 d early
2021
39 d early
2020
41 d early
2019
44 d early
← before the deadline
after the deadline →
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 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€126k▲ 17.7%
2024 · €107k
2019: €146khighest in 7 years
2020: €125k▼ -14.3% vs 2019
2021: €125k▲ +0.2% vs 2020
2022: €127k▲ +1.6% vs 2021
2023: €130k▲ +2.2% vs 2022
2024: €107k▼ -17.9% vs 2023lowest in 7 years
2025: €126k▲ +17.7% vs 2024
2019 → 2025
Working capital
€167k▲ 18.6%
2024 · €141k
2019: €590khighest in 7 years
2020: €381k▼ -35.3% vs 2019
2021: €365k▼ -4.3% vs 2020
2022: €259k▼ -29.0% vs 2021
2023: €297k▲ +14.6% vs 2022
2024: €141k▼ -52.5% vs 2023lowest in 7 years
2025: €167k▲ +18.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.60M-€1.52M▼ 5.4%€1.44M▼ 5.2%€1.36M▼ 5.8%€1.35M▼ 0.2%
2021: €1.60Mhighest in 5 years
2022: €1.52M▼ -5.4% vs 2021
2023: €1.44M▼ -5.2% vs 2022
2024: €1.36M▼ -5.8% vs 2023
2025: €1.35M▼ -0.2% vs 2024lowest in 5 years
Operating result€149k-€151k▲ 1.4%€153k▲ 1.3%€114k▼ 25.2%€169k▲ 47.8%
2021: €149k
2022: €151k▲ +1.4% vs 2021
2023: €153k▲ +1.3% vs 2022
2024: €114k▼ -25.2% vs 2023lowest in 5 years
2025: €169k▲ +47.8% vs 2024highest in 5 years
Net result€125k-€127k▲ 1.6%€130k▲ 2.2%€107k▼ 17.9%€126k▲ 17.7%
2021: €125k
2022: €127k▲ +1.6% vs 2021
2023: €130k▲ +2.2% vs 2022highest in 5 years
2024: €107k▼ -17.9% vs 2023lowest in 5 years
2025: €126k▲ +17.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.64M
Fixed assets
€1.24M ▼ 4.5%
Current assets
€400k ▼ 7.1%
Equity and liabilities €1.64M
Equity
€1.35M ▼ 0.2%
Debt
€291k ▼ 22.9%
Debt's share of the balance-sheet total falls from 21.8% to 17.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€337k▲
2024 · €274k
Cash flow
€294k▲
2024 · €267k
Current ratio
1.72▲
2024 · 1.49
Debt to equity
0.22▼
2024 · 0.28
ROE
9.3%▲
2024 · 7.9%
ROA
7.7%▲
2024 · 6.2%
Interest coverage
332.48▲
2024 · 193.56
Debt ≤ 1 year
€233k▼
2024 · €290k
Income taxes
€42k▲
2024 · €32k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.73M€1.64M▼
Fixed assets21/28€1.30M€1.24M▼
Tangible fixed assets22/27€1.30M€1.24M▼
Land and buildings22€1.30M€1.24M▼
Current assets29/58€431k€400k▼
Amounts receivable within one year40/41€95k€56k▼
Trade receivables40€77k€48k▼
Other amounts receivable41€18k€8k▼
Cash at bank and in hand54/58€335k€342k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.73M€1.64M▼
Equity10/15€1.36M€1.35M▼
Contributions10/11€67k€67k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€1.27M€1.20M▼
Investment grants15€10k€81k▲
Amounts payable17/49€378k€291k▼
Amounts payable after more than one year17€31k-
Financial debts170/4€31k-
Amounts payable within one year42/48€290k€233k▼
Current portion of amounts payable after more than one year42€40k€31k▼
Trade debts44€49k€3k▼
Suppliers440/4€49k€3k▼
Other amounts payable47/48€200k€200k=
Accrued charges and deferred income492/3€57k€58k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€168k▲
Other operating charges640/8€47k€49k▲
Gross operating margin9900€321k€385k▲
Operating profit (loss)9901€114k€169k▲
Financial income75/76B€26k€21▼
Recurring financial income75€26k€21▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€139k€168k▲
Income taxes67/77€32k€42k▲
Profit (loss) for the period9904€107k€126k▲
Profit (loss) for the period to be appropriated9905€107k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.47M€1.40M▼
Profit (loss) brought forward from the previous period14P€1.36M€1.27M▼
Profit to be distributed694/7€200k€200k=
Return on contributions (dividend)694€200k€200k=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148k | €146k | €160k | €160k | €168k | ▲ 5.2% |
| Other operating charges640/8 | - | €41k | €44k | €47k | €49k | ▲ 3.5% |
| Gross operating margin9900 | €337k | €337k | €357k | €321k | €385k | ▲ 20.1% |
| Operating profit (loss)9901 | €149k | €151k | €153k | €114k | €169k | ▲ 47.8% |
| Financial income75/76B | - | €17k | €20k | €26k | €21 | ▼ 99.9% |
| Recurring financial income75 | €16k | €17k | €20k | €26k | €21 | ▼ 99.9% |
| Financial charges65/66B | - | €2k | €2k | €1k | €1k | ▼ 28.4% |
| Recurring financial charges65 | €1k | €2k | €2k | €1k | €1k | ▼ 28.4% |
| Profit (loss) for the period before taxes9903 | €164k | €165k | €171k | €139k | €168k | ▲ 21.1% |
| Income taxes67/77 | €38k | €38k | €40k | €32k | €42k | ▲ 32.5% |
| Profit (loss) for the period9904 | €125k | €127k | €130k | €107k | €126k | ▲ 17.7% |
| Profit (loss) for the period to be appropriated9905 | €125k | €127k | €130k | €107k | €126k | ▲ 17.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.05M | €1.93M | €1.95M | €1.73M | €1.64M | ▼ 5.2% |
| Fixed assets21/28 | €1.44M | €1.42M | €1.27M | €1.30M | €1.24M | ▼ 4.5% |
| Tangible fixed assets22/27 | €1.44M | €1.42M | €1.27M | €1.30M | €1.24M | ▼ 4.5% |
| Land and buildings22 | - | €1.42M | €1.27M | €1.30M | €1.24M | ▼ 4.5% |
| Current assets29/58 | €606k | €508k | €688k | €431k | €400k | ▼ 7.1% |
| Amounts receivable within one year40/41 | €24k | €34k | €27k | €95k | €56k | ▼ 41.4% |
| Trade receivables40 | - | €21k | €16k | €77k | €48k | ▼ 38.1% |
| Other amounts receivable41 | - | €13k | €11k | €18k | €8k | ▼ 55.5% |
| Cash at bank and in hand54/58 | €580k | €472k | €660k | €335k | €342k | ▲ 2.0% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.05M | €1.93M | €1.95M | €1.73M | €1.64M | ▼ 5.2% |
| Equity10/15 | €1.60M | €1.52M | €1.44M | €1.36M | €1.35M | ▼ 0.2% |
| Contributions10/11 | - | €67k | €67k | €67k | €67k | = |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Reserves not available under the articles1311 | - | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €1.51M | €1.43M | €1.36M | €1.27M | €1.20M | ▼ 5.8% |
| Investment grants15 | - | €9k | €0 | €10k | €81k | ▲ 717% |
| Amounts payable17/49 | €441k | €410k | €516k | €378k | €291k | ▼ 22.9% |
| Amounts payable after more than one year17 | €151k | €111k | €71k | €31k | - | - |
| Financial debts170/4 | - | €111k | €71k | €31k | - | - |
| Amounts payable within one year42/48 | €241k | €249k | €391k | €290k | €233k | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | - | €40k | €40k | €40k | €31k | ▼ 24.3% |
| Financial debts43 | - | - | €150k | - | - | - |
| Credit institutions430/8 | - | - | €150k | - | - | - |
| Trade debts44 | €2k | €9k | €1k | €49k | €3k | ▼ 94.8% |
| Suppliers440/4 | - | €9k | €1k | €49k | €3k | ▼ 94.8% |
| Other amounts payable47/48 | - | €200k | €200k | €200k | €200k | = |
| Accrued charges and deferred income492/3 | - | €50k | €54k | €57k | €58k | ▲ 1.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125k | €127k | €130k | €107k | €126k | ▲ 17.7% |
| + Depreciation and write-downs630 | €148k | €146k | €160k | €160k | €168k | ▲ 5.2% |
| Operating cash flow (approximation) | €273k | €273k | €290k | €267k | €294k | ▲ 10.2% |
| Investment in fixed assets (approximation) | - | €-125k | €-7k | €-196k | €-109k | ▲ 44.3% |
| Change in cash | - | €-108k | €187k | €-324k | €7k | ▲ 102% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet €107k ▼17.9%
Net result drops to €107k, the lowest in the series; recovery starts the following year.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Verviers · 1 establishment unit since 2016
Ground area
9,799 m²
Building footprint
1,907 m²
Volume, LiDAR
10,549 m³
Parcel 63043B0463/00L000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue des Ormes 111, 4800 Verviers
since 20162.360.832.817
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63043B0463/00L000 | Wallonia | 9,798 m² | 1 · 1,907 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,932 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
Founded25-10-2016
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.