BIST IMMO
ActiveSummary
BIST IMMO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120,764 and a net result of €27,428. Equity is growing by ~37.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+26
Solvency49▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.39 in 2023; short-term debt: 27.6% and cash: 0% of total assets), and 75.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
24.4%
Return on assets
5.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 37965 sector peers (2024).
NBB · sector comparisonPosition among 37965 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
13 d late
2022
7 d early
2021
76 d late
2020
88 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€120,764▲ 5.7%
2023 · €114,285
Total assets
€494,640▼ 13.9%
2023 · €574,287
Net result
€27,428▲ 10.5%
2023 · €24,831
Working capital
€59,129▼ 20.9%
2023 · €74,773
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€51,380▲ 53.2%€41,075▼ 20.1%€60,438▲ 47.1%€49,970▼ 17.3%€36,048▼ 27.9%
Net result€44,560within the sector's middle half▲ 201%€11,240within the sector's middle half▼ 74.8%€26,043within the sector's middle half▲ 132%€24,831within the sector's middle half▼ 4.7%€27,428within the sector's middle half▲ 10.5%
Equity€52,172within the sector's middle half▲ 585%€63,411within the sector's middle half▲ 21.5%€89,454within the sector's middle half▲ 41.1%€114,285within the sector's middle half▲ 27.8%€120,764within the sector's middle half▲ 5.7%
Total assets€555,633above the sector's middle half▲ 9.1%€849,115above the sector's middle half▲ 52.8%€732,614above the sector's middle half▼ 13.7%€574,287above the sector's middle half▼ 21.6%€494,640above the sector's middle half▼ 13.9%
Debt€503,461▲ 0.3%€785,704▲ 56.1%€630,214▼ 19.8%€433,498▼ 31.2%€348,243▼ 19.7%
Working capital€19,593within the sector's middle half-€110,953below the sector's middle half€17,816within the sector's middle half€74,773within the sector's middle half▲ 320%€59,129within the sector's middle half▼ 20.9%
Solvency9.4%below the sector's middle half▲ 7.9pp7.5%below the sector's middle half▼ 1.9pp12.2%below the sector's middle half▲ 4.7pp19.9%below the sector's middle half▲ 7.7pp24.4%below the sector's middle half▲ 4.5pp
Current ratio1.08within the sector's middle half▲ 0.140.70below the sector's middle half▼ 0.391.08within the sector's middle half▲ 0.381.39within the sector's middle half▲ 0.311.43within the sector's middle half▲ 0.04
Return on assets (ROA)8.0%within the sector's middle half▲ 5.1pp1.3%within the sector's middle half▼ 6.7pp3.6%within the sector's middle half▲ 2.2pp4.3%within the sector's middle half▲ 0.8pp5.5%within the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 28% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €494,640
Fixed assets
€299,050 ▼ 3.1%
Current assets
€195,590 ▼ 26.4%
Equity and liabilities €494,640
Equity
€120,764 ▲ 5.7%
Provisions
€25,633 ▼ 3.3%
Debt
€348,243 ▼ 19.7%
Debt's share of the balance-sheet total falls from 75.5% to 70.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,869▼
2023 · €60,026
Cash flow
€37,249▲
2023 · €34,887
Debt to equity
2.88▼
2023 · 3.79
ROE
22.7%▲
2023 · 21.7%
Interest coverage
5.86▲
2023 · 2.99
Debt ≤ 1 year
€136,461▼
2023 · €190,982
Debt > 1 year
€211,782▼
2023 · €242,516
Income taxes
€3,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,613 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €950 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,908 | €20,613 | €15,948 | €10,056 | €9,821 | ▼ 2.3% |
| Other operating charges640/8 | - | €1,406 | €1,968 | €6,734 | €2,863 | ▼ 57.5% |
| Gross operating margin9900 | €69,071 | €63,094 | €78,354 | €66,760 | €48,732 | ▼ 27.0% |
| Operating profit (loss)9901 | €51,380 | €41,075 | €60,438 | €49,970 | €36,048 | ▼ 27.9% |
| Financial income75/76B | - | €250 | - | €8,476 | €1,616 | ▼ 80.9% |
| Recurring financial income75 | €202 | €250 | - | €8,476 | €1,616 | ▼ 80.9% |
| Financial charges65/66B | - | €12,582 | €21,018 | €20,058 | €7,825 | ▼ 61.0% |
| Recurring financial charges65 | €12,300 | €12,582 | €21,018 | €20,058 | €7,825 | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | €39,282 | €28,742 | €39,420 | €38,388 | €29,839 | ▼ 22.3% |
| Transfer from deferred taxes780 | - | - | €534 | €836 | €870 | ▲ 4.1% |
| Transfer to deferred taxes680 | - | - | €13,481 | €14,393 | - | - |
| Income taxes67/77 | -€5,278 | €17,503 | €431 | - | €3,281 | - |
| Profit (loss) for the period9904 | €44,560 | €11,240 | €26,043 | €24,831 | €27,428 | ▲ 10.5% |
| Transfer from tax-exempt reserves789 | - | - | €1,603 | €2,508 | €2,612 | ▲ 4.1% |
| Transfer to tax-exempt reserves689 | - | - | €40,443 | €43,181 | - | - |
| Profit (loss) for the period to be appropriated9905 | €44,560 | €11,240 | -€12,796 | -€15,842 | €30,040 | ▲ 290% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €555,633 | €849,115 | €732,614 | €574,287 | €494,640 | ▼ 13.9% |
| Fixed assets21/28 | €301,264 | €596,078 | €482,125 | €308,532 | €299,050 | ▼ 3.1% |
| Tangible fixed assets22/27 | €301,193 | €593,078 | €479,125 | €305,532 | €296,050 | ▼ 3.1% |
| Land and buildings22 | - | €578,340 | €474,278 | €302,297 | €293,854 | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €6,236 | €3,757 | €2,386 | €1,590 | ▼ 33.4% |
| Furniture and vehicles24 | - | €8,501 | €1,091 | €849 | €606 | ▼ 28.6% |
| Financial fixed assets28 | €71 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Current assets29/58 | €254,369 | €253,038 | €250,489 | €265,755 | €195,590 | ▼ 26.4% |
| Amounts receivable within one year40/41 | €254,368 | €249,309 | €249,771 | €180,774 | €67,760 | ▼ 62.5% |
| Trade receivables40 | - | €109,071 | €98,971 | €22,550 | €26,100 | ▲ 15.7% |
| Other amounts receivable41 | - | €140,238 | €150,800 | €158,224 | €41,660 | ▼ 73.7% |
| Current investments50/53 | €1 | €1 | €1 | €1 | €116,000 | ▲ 11,599,900% |
| Cash at bank and in hand54/58 | - | €3,728 | €717 | €84,980 | €242 | ▼ 99.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €11,588 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €555,633 | €849,115 | €732,614 | €574,287 | €494,640 | ▼ 13.9% |
| Equity10/15 | €52,172 | €63,411 | €89,454 | €114,285 | €120,764 | ▲ 5.7% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €40,699 | €81,372 | €87,851 | ▲ 8.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €38,839 | €79,512 | €76,900 | ▼ 3.3% |
| Distributable reserves133 | - | - | - | - | €9,091 | - |
| Profit (loss) carried forward14 | €37,912 | €49,151 | €36,355 | €20,513 | €20,513 | = |
| Provisions and deferred taxes16 | - | - | €12,946 | €26,504 | €25,633 | ▼ 3.3% |
| Deferred taxes168 | - | - | €12,946 | €26,504 | €25,633 | ▼ 3.3% |
| Amounts payable17/49 | €503,461 | €785,704 | €630,214 | €433,498 | €348,243 | ▼ 19.7% |
| Amounts payable after more than one year17 | €267,231 | €420,950 | €397,541 | €242,516 | €211,782 | ▼ 12.7% |
| Financial debts170/4 | - | €420,950 | €397,541 | €242,516 | €211,782 | ▼ 12.7% |
| Amounts payable within one year42/48 | €234,776 | €363,991 | €232,673 | €190,982 | €136,461 | ▼ 28.5% |
| Current portion of amounts payable after more than one year42 | - | €47,664 | €40,344 | €35,312 | €37,425 | ▲ 6.0% |
| Financial debts43 | - | €16,515 | €36,346 | €12,178 | €4,576 | ▼ 62.4% |
| Credit institutions430/8 | - | €16,515 | €36,346 | €12,178 | €4,576 | ▼ 62.4% |
| Trade debts44 | €141,973 | €251,267 | €124,816 | €11,186 | €353 | ▼ 96.8% |
| Suppliers440/4 | - | €251,267 | €124,816 | €11,186 | €353 | ▼ 96.8% |
| Taxes, remuneration and social security45 | - | €34,667 | €11,976 | €3,334 | €3,034 | ▼ 9.0% |
| Taxes450/3 | - | €34,667 | €11,976 | €3,334 | €3,034 | ▼ 9.0% |
| Other amounts payable47/48 | - | €13,879 | €19,191 | €128,972 | €91,073 | ▼ 29.4% |
| Accrued charges and deferred income492/3 | - | €763 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,560 | €11,240 | €26,043 | €24,831 | €27,428 | ▲ 10.5% |
| + Depreciation and write-downs630 | €11,908 | €20,613 | €15,948 | €10,056 | €9,821 | ▼ 2.3% |
| Operating cash flow (approximation) | €56,468 | €31,853 | €41,991 | €34,887 | €37,249 | ▲ 6.8% |
| Investment in fixed assets (approximation) | - | -€315,427 | €98,004 | €163,537 | -€339 | ▼ 100% |
| Change in cash | - | - | -€3,011 | €84,263 | -€84,738 | ▼ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-12
Financial
Equity above €100,000Eq €114,285 ▲27.8%
6 profitable years in a row build equity to €114,285.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Weakest financial yearnet €11,240 ▼74.8%
Net result drops to €11,240, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €44,560 ▲201%
Net result €44,560, the highest in the series.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 121 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nieuwpoort · 1 establishment unit since 2005
Ground area
1,171 m²
Building footprint
297 m²
Volume, LiDAR
1,082 m³
2 parcels, Flanders, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BIST CONSULT
since 20052.149.707.565
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078A0361/00Y000 | Wallonia | 624 m² | 1 · 116 m² | 7.7 m · 2 fl. |
| 38016A0029/00Y004 | Flanders | 547 m² | 1 · 181 m² | 9.7 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,623. 40,876 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-09-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876050847
Also
9925:BE0876050847
Registered
22-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.