ALINIMMO
ActiveSummary
ALINIMMO has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €561,472 and a net result of -€58,869. Equity has been shrinking by about 12% per year since 2021. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-08-2019 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.294.872.520 1170 Watermaal-Bosvoorde, since 20-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 04-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts 2025
- Gross margin
- €5,191
- Turnover
- ≈ €40,000
- estimated
- Loss
- €58,869
- ▼ 48.9%
- Equity
- €561,472
- ▼ 10.2%
- Total assets
- €1.4m
- ▼ 26.2%
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.84, cash €7,703lowers riskSize: total assets €1.4mFigures for financial year 2025 (filed on 27-03-2026)Show the evidence
Checked score
Score 2025
78
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 22% of micro companies without a NACE code
Financial strength · tick: 2024
Weak
Solvency
65+7
equity 40.0% of total assets
Liquidity
22+5
short-term debt 55.4% · cash 0.5%
Profitability
14+3
return on assets -4.2%
Bankruptcy probability within 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.2 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.3%▼ -0.1 percentage points vs 10-2025
12-2025: 0.8%▲ +0.5 percentage points vs 11-2025highest value
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.5%▼ -0.3 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.84 (0.93 in 2024), below 1. Short-term debt is 55.4% and cash 0.5% of total assets. 60% of the assets are financed with debt and provisions.
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 (no NACE code, micro). It does better than 38% of them on solvency, 13% on liquidity, 13% on profitability and 24% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€58,869
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
126 days early
2024
70 days early
2023
78 days early
2022
45 days early
2021
59 days early
2020
9 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 65 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-03-2026 PDF all 6 filings
Turnover
€990,542
EBIT margin
2.4%
Net result
-€58,869▲ 48.9%
2024 · -€115,315
Working capital
-€124,874▼ 49.4%
2024 · -€83,600
Multi-year overview
2020 to 2025, 6 financial yearsTurnover
no figure
2025
20202025
Operating result
-€35,957
▲ 57.1%
2025
20202025
Net result
-€58,869
▲ 48.9%
2025
20202025
EBIT margin
no figure
2025
20202025
Equity
€561,472
▼ 10.2%
2025
20202025
Total assets
€1.4m
▼ 26.2%
2025
20202025
Debt
€776,494
▼ 35.7%
2025
20202025
Working capital
-€124,874
▼ 49.4%
2025
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Turnover€1.0m-
Operating result€0.02m-€0.03m▲ 36.2%-€0.008m-€0.1m▼ 1,208%-€0.08m▲ 16.3%-€0.04m▲ 57.1%
Net result-€0.008m-€0.01m-€0.02m-€0.1m▼ 488%-€0.1m▲ 10.9%-€0.06m▲ 48.9%
EBIT margin2.4%-
Equity€0.9m€0.9m▼ 2.5%€0.7m▼ 14.9%€0.6m▼ 15.6%€0.6m▼ 10.2%
Total assets€2.4m-€1.7m▼ 29.4%€1.4m▼ 17.7%€1.1m▼ 18.8%€1.9m▲ 68.1%€1.4m▼ 26.2%
Debt€1.4m-€0.7m▼ 49.6%€0.4m▼ 37.8%€0.3m▼ 28.9%€1.2m▲ 278%€0.8m▼ 35.7%
Working capital€0.1m-€0.1m▲ 11.2%€0.3m▲ 104%€0.02m▼ 92.4%-€0.08m-€0.1m▼ 49.4%
The operating result for 2025 is a loss of €35,957, smaller than the loss of €83,747 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€750,912 ▼ 3.3%
Current assets
€651,619 ▼ 42.1%
Equity and liabilities €1.4m
Equity
€561,472 ▼ 10.2%
Provisions
€64,566 ▼ 4.9%
Debt
€776,494 ▼ 35.7%
Debt's share of the balance-sheet total falls from 63.5% to 55.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€9,486▲
2024 · -€54,601
Cash flow
-€32,398▲
2024 · -€86,168
Current ratio
0.84▼
2024 · 0.93
Quick ratio
0.06▲
2024 · 0.01
Debt to equity
1.38▼
2024 · 1.93
ROE
-10.5%▲
2024 · -18.4%
ROA
-4.2%▲
2024 · -6.1%
Interest coverage
-0.35▲
2024 · -1.57
Debt ≤ 1 year
€776,494▼
2024 · €1.2m
Income taxes
€140
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €35,193 | €21,126 | - | €15,789 | €479 |
| Depreciation and write-downs of the year | €36,018 | €35,387 | €32,915 | €29,147 | €26,471 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €990,542 | - | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €926,478 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,302 | €36,018 | €35,387 | €32,915 | €29,147 | €26,471 | ▼ 9.2% |
| Other operating charges640/8 | €41,171 | €9,011 | €8,729 | €9,475 | €8,157 | €14,677 | ▲ 79.9% |
| Gross operating margin9900 | €116,674 | €77,986 | €36,466 | -€57,650 | -€46,443 | €5,191 | - |
| Operating profit (loss)9901 | €24,201 | €32,956 | -€7,650 | -€100,040 | -€83,747 | -€35,957 | ▲ 57.1% |
| Financial income75/76B | - | €564 | €1,634 | €5 | - | €1,152 | - |
| Recurring financial income75 | - | €564 | €1,634 | €5 | - | €1,152 | - |
| Financial charges65/66B | €35,405 | €19,349 | €17,699 | €32,722 | €34,864 | €27,221 | ▼ 21.9% |
| Recurring financial charges65 | €35,405 | €19,349 | €17,699 | €32,722 | €34,864 | €27,221 | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | -€11,204 | €14,171 | -€23,715 | -€132,757 | -€118,612 | -€62,026 | ▲ 47.7% |
| Transfer from deferred taxes780 | €3,297 | €3,297 | €3,297 | €3,297 | €3,297 | €3,297 | = |
| Income taxes67/77 | - | €4,351 | €1,609 | - | - | €140 | - |
| Profit (loss) for the period9904 | -€7,907 | €13,117 | -€22,027 | -€129,460 | -€115,315 | -€58,869 | ▲ 48.9% |
| Transfer from tax-exempt reserves789 | €6,402 | €6,402 | €6,402 | €6,402 | €6,402 | €6,402 | = |
| Profit (loss) for the period to be appropriated9905 | -€1,505 | €19,519 | -€15,625 | -€123,058 | -€108,913 | -€52,467 | ▲ 51.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €2.4m | €1.7m | €1.4m | €1.1m | €1.9m | €1.4m | ▼ 26.2% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 3.3% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 3.3% |
| Land and buildings22 | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 2.7% |
| Furniture and vehicles24 | €0.003m | €0.02m | €0.03m | €0.02m | €0.03m | €0.02m | ▼ 12.3% |
| Other tangible fixed assets26 | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | €0.02m | ▼ 15.0% |
| Current assets29/58 | €1.6m | €0.9m | €0.6m | €0.3m | €1.1m | €0.7m | ▼ 42.1% |
| Stocks and contracts in progress3 | €1.5m | €0.6m | €0.5m | €0.07m | €1.1m | €0.6m | ▼ 45.9% |
| Stocks30/36 | €1.5m | €0.6m | €0.5m | €0.07m | €1.1m | €0.6m | ▼ 45.9% |
| Amounts receivable within one year40/41 | €9 | €0.02m | €0.04m | - | - | €0.04m | - |
| Trade receivables40 | €9 | - | - | - | - | €0.04m | - |
| Other amounts receivable41 | - | €0.02m | €0.04m | - | - | - | - |
| Cash at bank and in hand54/58 | €0.04m | €0.2m | €0.04m | €0.3m | €0.01m | €0.008m | ▼ 33.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €2.4m | €1.7m | €1.4m | €1.1m | €1.9m | €1.4m | ▼ 26.2% |
| Equity10/15 | - | €0.9m | €0.9m | €0.7m | €0.6m | €0.6m | ▼ 10.2% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.9% |
| Non-distributable reserves130/1 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Tax-exempt reserves132 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 4.9% |
| Distributable reserves133 | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.3m | €0.2m | €0.08m | €0.02m | ▼ 72.6% |
| Provisions and deferred taxes16 | - | €0.08m | €0.07m | €0.07m | €0.07m | €0.06m | ▼ 4.9% |
| Deferred taxes168 | €0.08m | €0.08m | €0.07m | €0.07m | €0.07m | €0.06m | ▼ 4.9% |
| Amounts payable17/49 | €1.4m | €0.7m | €0.4m | €0.3m | €1.2m | €0.8m | ▼ 35.7% |
| Amounts payable after more than one year17 | - | €0.006m | €0.2m | - | - | - | - |
| Financial debts170/4 | - | €0.006m | €0.2m | - | - | - | - |
| Amounts payable within one year42/48 | €1.4m | €0.7m | €0.3m | €0.3m | €1.2m | €0.8m | ▼ 35.7% |
| Current portion of amounts payable after more than one year42 | - | €0.003m | €0.02m | €0.003m | €458 | - | - |
| Financial debts43 | €1.4m | €0.7m | €0.3m | €0.2m | €0.6m | €0.3m | ▼ 48.2% |
| Credit institutions430/8 | €1.4m | €0.7m | €0.3m | €0.2m | €0.6m | €0.3m | ▼ 48.2% |
| Trade debts44 | €0.03m | €0.002m | €0.01m | €0.02m | €0.02m | €0.001m | ▼ 96.5% |
| Suppliers440/4 | €0.03m | €0.002m | €0.01m | €0.02m | €0.02m | €0.001m | ▼ 96.5% |
| Taxes, remuneration and social security45 | - | €0.005m | €445 | - | - | - | - |
| Taxes450/3 | - | €0.005m | €445 | - | - | - | - |
| Other amounts payable47/48 | €0.03m | €0.004m | €0.002m | €0.09m | €0.6m | €0.5m | ▼ 19.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,907 | €13,117 | -€22,027 | -€129,460 | -€115,315 | -€58,869 | ▲ 48.9% |
| + Depreciation and write-downs630 | €51,302 | €36,018 | €35,387 | €32,915 | €29,147 | €26,471 | ▼ 9.2% |
| Operating cash flow (approximation) | €43,395 | €49,135 | €13,359 | -€96,545 | -€86,168 | -€32,398 | ▲ 62.4% |
| Investment in fixed assets (approximation) | - | -€35,193 | -€21,126 | €0 | -€15,789 | -€479 | ▲ 97.0% |
| Change in cash | - | €184,542 | -€191,372 | €234,721 | -€258,346 | -€3,852 | ▲ 98.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 929 companies had the same profile as ALINIMMO has now. Two years later, 92.8% were still going and 1.7% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
92.8%
was still going
5.5%
stopped otherwise
1.7%
went bankrupt
That fits the bankruptcy probability of ALINIMMO itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 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 929 companies, not a prediction for ALINIMMO. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-03-2026 | 2026-00063956 | |
| 31-12-2024 | micro format | 22-05-2025 | 2025-00102070 | |
| 31-12-2023 | micro format | 14-05-2024 | 2024-00086825 | |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00130110 | |
| 31-12-2021 | micro format | 02-06-2022 | 2022-20046591 | |
| 31-12-2020 | full format | 22-07-2021 | 2021-38700338 |
Board & ownership
Directors
Directors
1 director
NACAR ALAIN
Current
Director · listed in the 2025 annual accounts, filed on 27-03-2026
Owners and capital
Owners
Network & group
ALINIMMO shares no director with another company.
Companies at the same address
6 other companies- Dorn, Friederike (sole trader) Establishment · since 2026 1041481575
- Nacar, Elie (sole trader) Establishment · since 2026 1037712730
- Advocatenkantoor Sander Van Loock Registered office · since 2025 1031950039
- AVDS Services Establishment · since 2023 0804646375
- JECK Registered office · since 2014 1011515109
- Histoire et Sciences à Watermael-Boitsfort Registered office · since 1991 0447356773
Connections & network
1 current directorThe network starts from the directors of ALINIMMO. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
27-03
micro format · 126 days before the deadline
2025
05-11
Gazette deed
Registered office moved from Uccle to Watermael-BoitsfortNew seat: Avenue Charles Michiels 178, bte 5. 1170 Watermael-Boitsfort · Previous seat: Chaussée d'Alsemberg 1185, 1180 Uccle1 point ▸
Gazette deed
Registered office moved from Uccle to Watermael-Boitsfort
New seat: Avenue Charles Michiels 178, bte 5. 1170 Watermael-Boitsfort · Previous seat: Chaussée d'Alsemberg 1185, 1180 Uccle1 point ▸
- Registered-office move, Avenue Charles Michiels 178, bte 5. 1170 Watermael-Boitsfort
22-05
micro format · 70 days before the deadline
2024
14-05
micro format · 78 days before the deadline
2023
31-12
Financial
Weakest financial yearnet -€129,460
The net result drops to -€129,460, the lowest from 2020 to 2025. It recovers the following year.
16-06
micro format · 45 days before the deadline
2022
02-06
micro format · 59 days before the deadline
2021
31-12
Financial
Back to profitnet €13,117
The net result is €13,117, after one loss-making year.
22-07
full format · 9 days before the deadline
2019
22-08
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ALINIMMO in French
Enterprise number
0732.709.591
Legal form
Private limited company
Status
Active, normale toestand
Founded
20-08-2019
Entity type
Legal entity
Registered office and establishments
Registered office
Charles Michielslaan 178, 1170 Watermaal-Bosvoorde, Belgium
1 former office
- Chaussée d'Alsemberg 1185, 1180 Uccle until 01-01-2026 · act of 05-11-2025
Establishment unit
Alinimmo, Charles Michielslaan 178, 1170 Watermaal-Bosvoorde since 20-08-2019 · unit number 2.294.872.52068110 Buying and selling of own real estate
Invoicing and payment
VAT number
BE 0732.709.591
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
7,933 m²
Building footprint
561 m²
Building volume
10,401 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0021/00N000 | Brussels | 7,933 m² | 1 · 561 m² | 25.4 m · 6 |