BOD IMMO
ActiveSummary
BOD IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,183 and a net result of €15,295. Equity is shrinking by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency100▲+40
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 5.82 against 1.46 in 2024; short-term debt: 16.4% and cash: 56.2% of total assets), and 19.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.5%
Return on assets
55.5%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €22,183
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 17-02-2026, 17 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 · 4 filingsDeviation from the deadline
2025
17 d late
2024
21 d late
2023
54 d late
2022
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 25 February (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,183▲ 222%
2024 · €6,888
Total assets
€27,567▲ 39.9%
2024 · €19,711
Net result
€15,295
2024 · -€9,777
Working capital
€21,785▲ 294%
2024 · €5,526
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line2022202320242025
Operating result€2,602--€5,257-€9,935▼ 89.0%€15,844
Net result€1,923within the sector's middle half--€5,258within the sector's middle half-€9,777within the sector's middle half▼ 85.9%€15,295within the sector's middle half
Equity€21,923within the sector's middle half-€16,665within the sector's middle half▼ 24.0%€6,888below the sector's middle half▼ 58.7%€22,183within the sector's middle half▲ 222%
Total assets€23,726below the sector's middle half-€27,894below the sector's middle half▲ 17.6%€19,711below the sector's middle half▼ 29.3%€27,567below the sector's middle half▲ 39.9%
Debt€1,803-€11,229▲ 523%€12,823▲ 14.2%€5,384▼ 58.0%
Working capital€18,847within the sector's middle half-€14,373within the sector's middle half▼ 23.7%€5,526within the sector's middle half▼ 61.6%€21,785within the sector's middle half▲ 294%
Solvency92.4%above the sector's middle half-59.7%within the sector's middle half▼ 32.7pp34.9%within the sector's middle half▼ 24.8pp80.5%above the sector's middle half▲ 45.5pp
Current ratio25.04above the sector's middle half-2.39within the sector's middle half▼ 22.651.46within the sector's middle half▼ 0.925.82above the sector's middle half▲ 4.36
Return on assets (ROA)8.1%within the sector's middle half--18.8%below the sector's middle half▼ 27.0pp-49.6%below the sector's middle half▼ 30.8pp55.5%above the sector's middle half▲ 105.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 returns to profit in 2025: €15,844 after a loss of €9,935 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27,567
Fixed assets
€1,265 ▼ 21.2%
Current assets
€26,302 ▲ 50.3%
Equity and liabilities €27,567
Equity
€22,183 ▲ 222%
Debt
€5,384 ▼ 58.0%
Debt's share of the balance-sheet total falls from 65.1% to 19.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,788▲
2024 · -€8,991
Cash flow
€16,239▲
2024 · -€8,833
Quick ratio
5.32▲
2024 · 1.40
Debt to equity
0.24▼
2024 · 1.86
ROE
68.9%▲
2024 · -141.9%
Interest coverage
152.62▲
2024 · -59.94
Debt ≤ 1 year
€4,517▼
2024 · €11,977
Income taxes
€503
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 26,970 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €205 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €745 | €944 | €944 | €944 | = |
| Other operating charges640/8 | €128 | €74 | €476 | €213 | ▼ 55.3% |
| Gross operating margin9900 | €3,680 | -€4,239 | -€8,515 | €17,001 | ▲ 300% |
| Operating profit (loss)9901 | €2,602 | -€5,257 | -€9,935 | €15,844 | ▲ 259% |
| Financial income75/76B | €1 | €101 | €308 | €64 | ▼ 79.2% |
| Recurring financial income75 | €1 | €101 | €308 | €64 | ▼ 79.2% |
| Financial charges65/66B | €39 | €187 | €150 | €110 | ▼ 26.7% |
| Recurring financial charges65 | €39 | €187 | €150 | €110 | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | €2,564 | -€5,343 | -€9,777 | €15,798 | ▲ 262% |
| Income taxes67/77 | €641 | -€85 | - | €503 | - |
| Profit (loss) for the period9904 | €1,923 | -€5,258 | -€9,777 | €15,295 | ▲ 256% |
| Profit (loss) for the period to be appropriated9905 | €1,923 | -€5,258 | -€9,777 | €15,295 | ▲ 256% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,726 | €27,894 | €19,711 | €27,567 | ▲ 39.9% |
| Formation expenses20 | €1,807 | €1,205 | €602 | - | - |
| Fixed assets21/28 | €2,288 | €1,947 | €1,606 | €1,265 | ▼ 21.2% |
| Tangible fixed assets22/27 | €1,222 | €881 | €540 | €199 | ▼ 63.1% |
| Plant, machinery and equipment23 | €1,222 | €881 | €540 | €199 | ▼ 63.1% |
| Financial fixed assets28 | €1,066 | €1,066 | €1,066 | €1,066 | = |
| Current assets29/58 | €19,631 | €24,742 | €17,503 | €26,302 | ▲ 50.3% |
| Stocks and contracts in progress3 | €500 | €750 | €750 | €2,280 | ▲ 204% |
| Stocks30/36 | €500 | €750 | €750 | €2,280 | ▲ 204% |
| Amounts receivable within one year40/41 | €13,221 | €10,897 | €16,584 | €7,948 | ▼ 52.1% |
| Trade receivables40 | €6,318 | €8,549 | €14,766 | €5,885 | ▼ 60.1% |
| Other amounts receivable41 | €6,903 | €2,348 | €1,818 | €2,063 | ▲ 13.5% |
| Cash at bank and in hand54/58 | €5,910 | €12,951 | €79 | €15,505 | ▲ 19,527% |
| Deferred charges and accrued income490/1 | - | €144 | €90 | €569 | ▲ 532% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,726 | €27,894 | €19,711 | €27,567 | ▲ 39.9% |
| Equity10/15 | €21,923 | €16,665 | €6,888 | €22,183 | ▲ 222% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €1,923 | -€3,335 | -€13,112 | €2,183 | ▲ 117% |
| Amounts payable17/49 | €1,803 | €11,229 | €12,823 | €5,384 | ▼ 58.0% |
| Amounts payable within one year42/48 | €784 | €10,369 | €11,977 | €4,517 | ▼ 62.3% |
| Trade debts44 | - | €26 | €1,264 | €2,998 | ▲ 137% |
| Suppliers440/4 | - | €26 | €1,264 | €2,998 | ▲ 137% |
| Taxes, remuneration and social security45 | €641 | €10,343 | €8,028 | €1,519 | ▼ 81.1% |
| Taxes450/3 | €641 | €1,153 | - | €1,519 | - |
| Remuneration and social security454/9 | - | €9,190 | €8,028 | - | - |
| Other amounts payable47/48 | €143 | - | €2,685 | - | - |
| Accrued charges and deferred income492/3 | €1,019 | €860 | €846 | €867 | ▲ 2.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,923 | -€5,258 | -€9,777 | €15,295 | ▲ 256% |
| + Depreciation and write-downs630 | €745 | €944 | €944 | €944 | = |
| Operating cash flow (approximation) | €2,668 | -€4,314 | -€8,833 | €16,239 | ▲ 284% |
| Investment in fixed assets (approximation) | - | -€603 | -€603 | -€603 | = |
| Change in cash | - | €7,041 | -€12,872 | €15,426 | ▲ 220% |
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
Next filing, fiscal year 2026, expected by
2026
15-09
State Gazette act
Resignation: Cédric BROUWERS (director)Director discharge4 facts ▸
State Gazette act
Resignation: Cédric BROUWERS (director)
Director discharge4 facts ▸
- General meeting, 30-05-2026
- Director resignation, Cédric BROUWERS (director)
- Director discharge, Cédric BROUWERS (director)
- Board composition, Jeremy DE NICOLO (director)
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
30-06
Financial
Back to profitnet €15,295
Net result €15,295 after 2 loss-making years.
30-06
Financial
Liquidity quadruplescurrent ratio 5.82
Current ratio from 1.46 to 5.82; short-term debt falls from €11,977 to €4,517.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
30-06
Financial
Weakest financial yearnet -€9,777
Net result drops to -€9,777, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Herstal · 1 establishment unit since 2021
Ground area
335 m²
Building footprint
95 m²
Volume, LiDAR
735 m³
Parcel 62315G0756/00W000, Wallonia · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BOD IMMO
since 20212.320.005.715
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62315G0756/00W000 | Wallonia | 335 m² | 1 · 95 m² | 8.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Cédric BROUWERS |
|
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 4,168 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
Founded22-06-2021
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769971548
Registered
31-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.