AS Immo Plus · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of AS Immo Plus is 1.2% (low). The 2023 annual accounts show equity of €19k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 16% of 9180 sector peers (fiscal year 2023). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9180 sector peers (2023).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 394 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 25-11-2024, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	25-11-2024	117 d late	2024-00607115
31-12-2022	31-07-2023	12-12-2023	134 d late	2023-00531714
31-12-2021	31-07-2022	27-12-2022	149 d late	2022-20549918
31-12-2020	31-07-2021	29-10-2021	90 d late	2021-75200150
31-12-2019	31-07-2020	30-11-2020	122 d late	2020-73800382
31-12-2018	31-07-2019	29-10-2019	90 d late	2019-71900470
31-12-2017	31-07-2018	31-08-2018	31 d late	2018-60600048
31-12-2016	31-07-2017	29-09-2017	60 d late	2017-65500090
30-06-2015	31-01-2016	06-01-2016	25 d early	2016-00600297
30-06-2014	31-01-2015	28-01-2015	3 d early	2015-03000174

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2006, 20 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.2% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€6k+2485.7%

Working capital€-42k-3.3%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 25-11-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Gross margin: stable across 6 fiscal years (±0.5%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	10.3%	38.6%	better than 16% of 9180 sector peers
Net result	€6k	€12k	better than 37% of 9165 sector peers
Equity	€19k	€30k	better than 36% of 9187 sector peers
Gross operating margin	€17k	€33k	better than 31% of 9154 sector peers
Total assets	€182k	€90k	better than 76% of 9181 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P16

Stable position over 2020-2023 · n=1740-9180

Net result P37

Stable position over 2020-2023 · n=1734-9165

Equity P36

Stable position over 2020-2023 · n=1743-9187

Gross operating margin P31

Stable position over 2020-2023 · n=1732-9154

Describes the position versus peers, not a forecast.

EBITDA

€17k

+19.3% 18-23

Net profit

€6k

+2485.7% 18-23

Cash flow

€12k

+33.6% 18-23

Total assets

€182k

-0.3% 18-23

Equity

€19k

-0.5% 18-23

Working capital

€-42k

-3.3% 18-23

Income taxes

€6

-92.1% 18-23

Debt

€164k

-0.3% 18-23

Show 9 other metrics

Debt ≤ 1y

€50k

+16.4% 18-23

Debt > 1y

€113k

-6.3% 18-23

Current ratio

0.17

+168.0% 18-23

Quick ratio

0.17

+168.0% 18-23

Solvency

10.3%

-0.1% 18-23

Debt / equity

8.74

+0.1% 18-23

ROE

31.5%

+2497.4% 18-23

ROA

3.2%

+2494.2% 18-23

Interest coverage

3.54

+25.5% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€17k
Net profit	€6k
Cash flow	€12k
Staff costs	-
Income taxes	€6
Dividends	-
Total assets	€182k
Equity	€19k
Debt	€164k
of which ≤ 1y	€50k
of which > 1y	€113k
Working capital	€-42k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.17
Quick ratio	0.17
Working capital ratio	-22.9%
Solvency	10.3%
Debt / equity	8.74
Long-term debt ratio	6.05
Interest coverage	3.54
Gross margin	-
Net margin	-
ROA	3.2%
ROE	31.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €174k · 95.3% Current assets €8k · 4.7%

Equity & liabilities

Equity €19k · 10.3% Debt €164k · 89.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€182k
Fixed assets	21/28	€174k
Tangible fixed assets	22/27	€174k
Current assets	29/58	€8k
Amounts receivable within one year	40/41	€8k
Cash & bank	54/58	€353
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€182k
Equity	10/15	€19k
Contributions / capital	10/11	€17k
Reserves	13	€1k
Accumulated profits (losses)	14	€617
Amounts payable	17/49	€164k
Amounts payable after one year	17	€113k
Amounts payable within one year	42/48	€50k
Trade debts payable within one year	44	€437
Income statement
Gross operating margin	9900	€17k
Operating result	9901	€11k
Financial charges	65	€5k
Result before taxes	9903	€6k
Income taxes	67/77	€6
Net result for the period	9904	€6k
Result to be appropriated	9905	€6k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

48 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

4 companies at this address See who is registered here

Establishment units

1 location

Reno Bat

Vijverslaan 104, 1780 WemmelSchrijnwerk van hout of van kunststof

since 20062.153.131.368

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area284 m²

Buildings1

Building footprint139 m²

Volume (LiDAR)1,150 m³

Tallest building11.6 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
22662B0535/00F006	Flanders	284 m²	1 · 139 m²	11.6 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

67 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 48

Profitability 100

Solvency 7

Growth 78

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 2,304 of the 20,029 companies in this sector. 1,967 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Schrijnwerk43320Schrijnwerk van hout of van kunststof45421Bouwrijp maken van terreinen43120Dakwerkzaamheden43410Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Grondverzet45112Dakbedekking en bouw van dakconstructies45220Overige gespecialiseerde werkzaamheden in de bouw45250

Primary activity highlighted.

Names & trade names

Legal nameNL

AS Immo Plus

Registered office

Vijverslaan 104

1780 Wemmel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.