Debts
€275,885 90% of the balance sheet
Financial debts 14%Suppliers 8%Taxes and wages 0%Other 78%
Of this, €238,129 falls due within a year.
B4L IMMO
Lifetime
2 annual accounts with figures on one time axispeak €31,576 (2025)
€31,576▲ 31.5%
peak €16,600 (2024)
€9,600▼ 42.2%
peak €31,200 (2025)
€31,200▲ 88.0%
€275,885▲ 12×
Board1 name since 2023
1 directorBODY Armel Calmin Armand
Documentsfilings and deeds
07-08-20267 days late
2025micro format
Gross margin from €24,010 to €31,576Result from €16,600 to €9,600Equity from €16,600 to €31,200Debts from €22,875 to €275,885Investments €89,020Cash from €24,225 to €6,423
Key points
from the 2025 annual accountsInvestments
€89,859 4.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 303.0% higher than in 2024.
At the same address
476 companies
2025 accounts filed 7 days after the deadline
Checked score
82
Excellent
Financially stronger than 49% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.8%▲ +0.1 percentage points vs 02-2025
04-2025: 0.9%▲ +0.1 percentage points vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025highest value
08-2025: 0.1%▼ -0.9 percentage points vs 07-2025lowest value
09-2025: 0.2%▲ +0.1 percentage points 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 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2023
Liquidity: current ratio 0.95, cash €6,423, halved
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €307,085
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 31% of them on solvency, 11% on liquidity, 65% on profitability and 91% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 2,542 companies had the same profile as B4L IMMO has now. Each dot stands for 7 companies, two years later.
95.0%
were still trading
1.2%
stopped another way
3.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of B4L IMMO itself is lower: 0.5% within 12 months. It rests on far more data about B4L IMMO than the profile alone.
Test of the method
The method was tested on the 497,447 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 2,542 companies, not a prediction for B4L 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 €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.95 (1.22 in 2024), below 1. Short-term debt is 77.5% and cash 2.1% of total assets. 89.8% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 7 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
7 days late
2024
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 8 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.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1001830450
Incorporation
Founding capital of €5,000, 50 shares · Founder: BODY Armel Calmin Armand · Appointment: BODY Armel Calmin Armand (director) · published on 06-11-2023 · Gazette deed
First establishment
Rue du Chêne 68, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| B4L IMMO Wemmel | €307,085 | €31,576 | 10.2% | - |
| KAL IMMO Charleroi | €329,444 | €26,413 | 13.5% | - |
| Schoovaerts Construct Heist-op-den-Berg | €310,605 | €41,965 | 45.6% | - |
| BOHEZ CONSTRUCT Willebroek | €282,111 | €27,176 | 28.7% | - |
| MANYAC Ghent | €251,195 | €22,787 | 15.0% | - |
| ACQUITER Temse | €372,206 | €36,658 | 3.6% | - |
| Immo Walbers Opwijk | €288,827 | €37,904 | 3.9% | - |
These companies have the same main activity as B4L IMMO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €251,000 and €372,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 31-10-2023Normal situation
- Registered office
- 478 active companies are registered at this address54 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Development of residential building projectsNACE 68121and 5 others
- Establishment unit
- 2.353.555.3424031 Liège, since 31-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 05-10-2026
Insights on B4L IMMO
B4L IMMO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,200 and a net result of €9,600.
Its solvency ranks better than 33% of 17,190 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
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 B4L IMMO
- What is the company number of B4L IMMO?
- The company number of B4L IMMO is 1001.830.450. The VAT number is the same number with BE in front: BE 1001.830.450.
- Where is B4L IMMO based?
- The registered office is at Lt. Graffplein 15, 1780 Wemmel.Company details
- What does B4L IMMO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of B4L IMMO?
- B4L IMMO is a private limited company (BV).
- When was B4L IMMO founded?
- B4L IMMO was founded on 31-10-2023.
- Is B4L IMMO still active?
- Yes, B4L IMMO is an active enterprise in the KBO register.
- What is the turnover of B4L IMMO?
- The turnover in financial year 2025 is ≈ €86,000. This figure is estimated from the gross margin of €31,576 and 32 comparable companies (NACE 681). It probably lies between €48,000 and €180,000.Financials
- Is B4L IMMO profitable?
- In financial year 2025, B4L IMMO made a profit of €9,600.
- Where can I find the annual accounts of B4L IMMO?
- B4L IMMO filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of B4L IMMO due?
- B4L IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.