Equity
€1.4m ▼ 0.2%
A&R - IMMO paid out €200,000 in dividends. That is 159% of the 2025 profit.
A&R - IMMO
Lifetime
9 annual accounts with figures on one time axispeak €385,308 (2025)
€385,308▲ 20.1%
peak €146,207 (2019)
€125,809▲ 17.7%
peak €2.0m (2019)
€1.4m▼ 0.2%
€291,195▼ 22.9%
Board4 names since 2019
4 directorsAHN Helmut and 3 others
Owners
16%AHTCO
Documentsfilings and deeds
29-12-202533 days before the deadline
2025financial year
Gross margin from €320,754 to €385,308Dividend €200,000Debts from €377,846 to €291,195
Key points
from the 2025 annual accountsChecked score
97
Excellent
Financially stronger than 73% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025highest value
02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €1.6m
Liquidity: current ratio 1.72, cash €342,275
Sector: Real estate activities (NACE 68)
Equity €1.4m (82.3% of total assets)
Calculation
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, micro). It does better than 91% of them on solvency, 82% on liquidity, 75% on profitability and 44% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-06-2025.
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).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as A&R - IMMO has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of A&R - IMMO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 17,811 companies, not a prediction for A&R - IMMO. 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.
Credit verdict
Credit of up to €130,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.72 (1.49 in 2024), above the usual 1.5. Short-term debt is 14.2% and cash 20.8% of total assets. 17.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 days early
2024
45 days early
2023
40 days early
2022
39 days early
2021
39 days early
2020
41 days early
2019
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 23 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
2 directors appointed
Changes of role: CLOSSET Christian François Raymond Ghislain (director) and CLOSSET Valérie (director) · Appointments: AHN Helmut Laurenz Maria (director) and LAURENT Christian Alphonse Julien (director) · Legal-form conversion: to private limited company · General meeting of 19-12-2019 · Gazette deed
Demerger: AUTOMATION & ROBOTICS splits off to A&R - IMMO
Capital increase of €47,274.95 to €67,074.95 · Capital from €19,800 to €67,074.95, 495 new shares · Gazette deed
Incorporation
published on 27-10-2016 · Gazette deed
First establishment
Rue des Ormes 111, Verviers
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A&R - IMMO Verviers | €1.6m | €385,308 | 82.3% | - |
| NOBEL Beringen | €1.8m | €349,873 | 28.7% | - |
| IMMO AMH Charleroi | €1.6m | €328,581 | 23.6% | - |
| ACT WITH YOU Zulte | €1.9m | €398,217 | 71.0% | - |
| TALENTINVEST Ghent | €1.9m | €335,649 | 15.7% | - |
| VGT Concept Westerlo | €1.7m | €375,808 | 50.3% | - |
| IMMO GEBROEDERS HUYBS Vosselaar | €1.4m | €377,004 | 54.5% | - |
These companies have the same main activity as A&R - IMMO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.4m and €1.9m, founded between 2015 and 2018.
Official details
Source: KBO- Status
- Active since 25-10-2016Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.360.832.8174800 Verviers, since 25-10-2016
- Financial year end
- 30 June
- Peppol
- Reachable
Annual accounts to 30-06-2025
- €1.6m▼ 5.2%
- Filing
- Filed on 29-12-2025, 33 days before the end of the filing period
Insights on A&R - IMMO
A&R - IMMO has existed since 2016. The gross margin grew from €316,835 in 2017 to €385,308 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A&R - IMMO
- What is the company number of A&R - IMMO?
- The company number of A&R - IMMO is 0664.960.536. The VAT number is the same number with BE in front: BE 0664.960.536.
- Where is A&R - IMMO based?
- The registered office is at Rue des Ormes 111, 4800 Verviers.Company details
- What does A&R - IMMO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of A&R - IMMO?
- A&R - IMMO is a private limited company (BV).
- When was A&R - IMMO founded?
- A&R - IMMO was founded on 25-10-2016.
- Is A&R - IMMO still active?
- Yes, A&R - IMMO is an active enterprise in the KBO register.
- What is the turnover of A&R - IMMO?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €385,308 and 39 comparable companies (NACE 68203). It probably lies between €400,000 and €530,000.Financials
- Is A&R - IMMO profitable?
- In financial year 2025, A&R - IMMO made a profit of €125,809.
- Where can I find the annual accounts of A&R - IMMO?
- A&R - IMMO filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A&R - IMMO due?
- A&R - IMMO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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