Checked.be
Active
BE 0837.352.795Private limited company
B4IMMO
Sberchamps, Au Charnay 5 ·6800 Libramont-Chevigny, Belgium· 15 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
B4IMMO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €828k and a net result of €24k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 85% of 4833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €828k |
| Net result | €24k |
| Better than sector | 85% |
| Active | 15 yrs |
Financial profile
70
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
14
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 15 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.
Checked score
86
/ 100
Excellent
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.
Indicative credit limit
€70k
estimate, not credit advice
Score history
65
2020
86
2021
76
2022
100
2023
86
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 7.46 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.62 (≥ 1.0)
+5
Leverage
Debt/equity 0.20 (< 1.0)
+10
Profitability
ROE 3%
+3
Interest coverage
Interest coverage 8.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~47.5%/year over 5 fiscal years, indicative, assuming unchanged policy.
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 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 83.1% | 30.8% | |
| Net result | €24k | €11k | |
| Equity | €828k | €513k | |
| Gross operating margin | €46k | €104k | |
| Total assets | €995k | €2.53M |
€43k
-65.9%
20-24
€24k
-70.4%
20-24
€34k
-58.6%
20-24
€995k
+2.3%
20-24
€828k
+2.5%
20-24
€811k
+0.7%
20-24
€7k
-82.7%
20-24
€168k
+1.4%
20-24
€126k
-24.1%
20-24
€42k
-70.9%
20-24
7.46
+27.1%
20-24
1.62
-64.7%
20-24
83.1%
+0.2%
20-24
0.20
-1.1%
20-24
2.9%
-71.1%
20-24
2.4%
-71.0%
20-24
8.15
-80.8%
20-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €43k | €126k | €196k | €307k | €190k |
| Net profit | €24k | €81k | €67k | €220k | €395k |
| Cash flow | €34k | €82k | €68k | €220k | €396k |
| Staff costs | - | - | - | - | - |
| Income taxes | €7k | €41k | €114k | €73k | €46k |
| Dividends | - | - | - | - | - |
| Total assets | €995k | €973k | €906k | €1.40M | €617k |
| Equity | €828k | €807k | €726k | €659k | €439k |
| Debt | €168k | €166k | €180k | €737k | €177k |
| of which ≤ 1y | €126k | €166k | €180k | €592k | €177k |
| of which > 1y | €42k | - | - | €145k | - |
| Working capital | €811k | €805k | €724k | €801k | €436k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 7.46 | 5.87 | 5.03 | 2.35 | 3.46 |
| Quick ratio | 1.62 | 4.58 | 0.50 | 1.34 | 0.36 |
| Working capital ratio | 81.5% | 82.8% | 79.9% | 57.4% | 70.7% |
| Solvency | 83.1% | 83.0% | 80.1% | 47.2% | 71.3% |
| Debt / equity | 0.20 | 0.21 | 0.25 | 1.12 | - |
| Long-term debt ratio | 0.05 | - | - | 0.22 | - |
| Interest coverage | 8.15 | 42.36 | 10.65 | 16.29 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.4% | 8.3% | 7.4% | 15.7% | 64.1% |
| ROE | 2.9% | 10.0% | 9.3% | 33.3% | 90.0% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €995k | €973k | €906k | €1.40M | €617k |
| Fixed assets | 21/28 | €59k | €2k | €2k | €3k | €4k |
| Tangible fixed assets | 22/27 | €59k | €2k | €2k | €3k | €4k |
| Current assets | 29/58 | €937k | €971k | €904k | €1.39M | €613k |
| Stocks & contracts in progress | 3 | €733k | €212k | €814k | €600k | €549k |
| Amounts receivable within one year | 40/41 | €193k | €65k | €8k | €0 | €27k |
| Cash & bank | 54/58 | €5k | €689k | €82k | €788k | €36k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €995k | €973k | €906k | €1.40M | €617k |
| Equity | 10/15 | €828k | €807k | €726k | €659k | €439k |
| Contributions / capital | 10/11 | €40k | €40k | €40k | €40k | €40k |
| Reserves | 13 | €759k | €764k | €684k | €4k | €4k |
| Accumulated profits (losses) | 14 | €29k | €3k | €2k | €615k | €395k |
| Amounts payable | 17/49 | €168k | €166k | €180k | €737k | €177k |
| Amounts payable after one year | 17 | €42k | - | - | €145k | - |
| Amounts payable within one year | 42/48 | €126k | €166k | €180k | €592k | €177k |
| Trade debts payable within one year | 44 | €4k | €58k | €26k | €89k | €87k |
| Income statement | ||||||
| Gross operating margin | 9900 | €46k | €131k | €197k | €308k | €192k |
| Operating result | 9901 | €33k | €125k | €195k | €306k | €190k |
| Financial income | 75 | €3k | €233 | €4k | €5k | €1k |
| Financial charges | 65 | €5k | €3k | €18k | €19k | €8k |
| Result before taxes | 9903 | €31k | €122k | €181k | €293k | €183k |
| Income taxes | 67/77 | €7k | €41k | €114k | €73k | €46k |
| Net result for the period | 9904 | €24k | €81k | €67k | €220k | €136k |
| Result to be appropriated | 9905 | €24k | €81k | €67k | €220k | €136k |
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 28-06-2011 |
| Status | Active |
| Postal code | 6800 |
Establishment units
B4IMMO
since 20112.255.433.508
Updates
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €24k ▼70.4%
Net result drops to €24k, the lowest in the series.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.03
Current ratio from 2.35 to 5.03; short-term debt falls from €592k to €180k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €500kEq €659k ▲50%
2 profitable years in a row build equity to €659k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Development of residential building projects68121
Names & trade names
| Legal nameFR | B4IMMO |
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