Equity
€125,008 from €1.1m in 2021
Equity fell by 89% in 4 years.
ARELIMMO
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €779,139 (2020)
€173▼ 88.1%
lowest -€45,511 (2011)
€2,256▼ 50.3%
peak €1.1m (2021)
€125,008unchanged
€60,891▼ 31.3%
peak 0 FTE (2023)
-not published
Board2 names since 2016
2 directorsCofinpar and 1 other
Owners2 names in the annual accounts
100%IMMOLUX
Documentsfilings and deeds
20-07-202611 days before the deadline
2025financial year
Gross margin from €1,454 to €173Result from €4,540 to €2,256Debts from €88,647 to €60,891Cash from €605 to €3,821
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 54% 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: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 77.17, cash €3,821
lowers risk
Founded in 1991
Figures for financial year 2025 (filed on 20-07-2026)
Size: total assets €185,900
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 76% of them on solvency, 61% on liquidity, 36% 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 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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as ARELIMMO has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARELIMMO 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 17,041 companies, not a prediction for ARELIMMO. 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 €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 77.17 (7.08 in 2024), above the usual 1.5. Short-term debt is 1.3% and cash 2.1% of total assets. 32.8% 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
Five signals.
lowers riskraises riskneutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
30 days early
2023
33 days early
2022
31 days early
2021
62 days early
2020
17 days late
2019
90 days late
← 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 9 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (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
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0444810722
Amendment of the articles
General meeting of 05-12-2023 · Gazette deed
Reappointments: COFINPAR (director) and DAULIN (director)
General meeting of 09-05-2022 · Gazette deed
First establishment
Chaussée de Liège 205, Namur
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARELIMMO Namur | €185,900 | €173 | 67.2% | - |
| JORINKA II Mol | €199,899 | -€20,909 | 69.4% | - |
| L'IMMOBILIERE MARIHAYE Chaudfontaine | €166,272 | -€606 | 96.3% | - |
| KORTRIJKSE VASTGOEDMAATSCHAPPIJ Ghent | €175,079 | -€676 | 88.6% | - |
| CHALIE Nazareth-De Pinte | €167,049 | -€13,755 | 87.0% | - |
| IMMO MAX Schaerbeek | €224,933 | -€35,611 | 49.3% | - |
| AMADEUS Mechelen | €194,225 | -€88 | 80.2% | - |
These companies have the same main activity as ARELIMMO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €166,000 and €225,000, founded between 1986 and 1993.
Official details
Source: KBO- Status
- Active since 01-07-1991Normal situation
- Registered office
- 17 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.054.194.8335100 Namur, since 18-09-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2025
- €185,900▼ 13.0%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Companies linked to ARELIMMO
Parent and group
Insights on ARELIMMO
Solvency rose in 2025 from 58.5% to 67.2% because of the retained profit and lower debts.
IMMOLUX holds all the shares.
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 ARELIMMO
- What is the company number of ARELIMMO?
- The company number of ARELIMMO is 0444.810.722. The VAT number is the same number with BE in front: BE 0444.810.722.
- Where is ARELIMMO based?
- The registered office is at Chaussée de Liège 205, 5100 Namur.Company details
- What does ARELIMMO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of ARELIMMO?
- ARELIMMO is a public limited company (NV).
- When was ARELIMMO founded?
- ARELIMMO was founded on 01-07-1991.
- Is ARELIMMO still active?
- Yes, ARELIMMO is an active enterprise in the KBO register.
- What is the turnover of ARELIMMO?
- The turnover in financial year 2025 is ≈ €720. This figure is estimated from the gross margin of €173 and 48 comparable companies (NACE 68121). It probably lies between €360 and €2,300. It is a rough estimate.Financials
- Is ARELIMMO profitable?
- In financial year 2025, ARELIMMO made a profit of €2,256.
- Where can I find the annual accounts of ARELIMMO?
- ARELIMMO filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ARELIMMO due?
- ARELIMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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