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BP IMMO

Active
Public limited companyfounded 20233 yrs activeIm Astert 12, 4760 Büllingen, BelgiumKBO/BCE: BE 0800.493.191
Summary

BP IMMO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €330,540 and a net result of €19,039. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability51▼-13
Solvency100=
Growth38▼-30
Track record94
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 5.59 against 5.18 in 2024; short-term debt: 6.7% and cash: 33.5% of total assets), and 6.7% 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
93.3%
Return on assets
5.4%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 · 3 filings
Deviation from the deadline
2025
54 d late
2024
8 d early
2023
36 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 27 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BP IMMO was incorporated on 5 April 2023 as a Public limited company.1 Revenue fell from EUR 54,903 in 2023 to EUR 47,237 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€47,237▼ 18.0%
2024 · €57,594
EBIT margin
55.9%▼ 36.5pp
2024 · 92.4%
Net result
€19,039▼ 46.2%
2024 · €35,416
Working capital
€109,737▲ 21.0%
2024 · €90,698
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
Line202320242025
Turnover€54,903-€57,594▲ 4.9%€47,237▼ 18.0%
Operating result€32,188-€53,190▲ 65.2%€26,384▼ 50.4%
Net result€23,388within the sector's middle half-€35,416within the sector's middle half▲ 51.4%€19,039within the sector's middle half▼ 46.2%
EBIT margin58.6%-92.4%▲ 33.7pp55.9%▼ 36.5pp
Equity€276,085within the sector's middle half-€311,501within the sector's middle half▲ 12.8%€330,540within the sector's middle half▲ 6.1%
Total assets€305,941below the sector's middle half-€333,207below the sector's middle half▲ 8.9%€354,458below the sector's middle half▲ 6.4%
Debt€29,856-€21,706▼ 27.3%€23,918▲ 10.2%
Working capital€18,469-€90,698▲ 391%€109,737▲ 21.0%
Solvency90.2%above the sector's middle half-93.5%above the sector's middle half▲ 3.2pp93.3%above the sector's middle half▼ 0.2pp
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.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2023: €32,188€32,188Net result 2023: €23,388€23,388Operating result 2024: €53,190€53,190Net result 2024: €35,416€35,416Operating result 2025: €26,384€26,384Net result 2025: €19,039€19,039202320242025€0€20,000€40,000€60,000Operating result 2023: €32,188€32,200Net result 2023: €23,388€23,400Operating result 2024: €53,190€53,200Net result 2024: €35,416€35,400Operating result 2025: €26,384€26,400Net result 2025: €19,039€19,000202320242025
The operating result falls in 2025; 2025 is 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354,458
Fixed assets €220,803 =
Current assets €133,655 ▲ 18.9%
Equity and liabilities €354,458
Equity €330,540 ▲ 6.1%
Debt €23,918 ▲ 10.2%
Debt's share of the balance-sheet total rises from 6.5% to 6.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
5.59▲
2024 · 5.18
Debt to equity
0.07▲
2024 · 0.07
ROE
5.8%▼
2024 · 11.4%
ROA
5.4%▼
2024 · 10.6%
Debt ≤ 1 year
€23,918▲
2024 · €21,706
Income taxes
€7,291▼
2024 · €17,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 39,275 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€333,207€354,458▲
Fixed assets21/28€220,803€220,803=
Tangible fixed assets22/27€220,803€220,803=
Land and buildings22€220,803€220,803=
Current assets29/58€112,404€133,655▲
Amounts receivable within one year40/41€17,500€14,771▼
Trade receivables40€2,500€1,562▼
Other amounts receivable41€15,000€13,209▼
Cash at bank and in hand54/58€94,904€118,884▲
Equity and liabilities
Total equity and liabilities10/49€333,207€354,458▲
Equity10/15€311,501€330,540▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€41,894€59,894▲
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Tax-exempt reserves132€744€744=
Distributable reserves133€35,000€53,000▲
Profit (loss) carried forward14€208,107€209,146▲
Amounts payable17/49€21,706€23,918▲
Amounts payable within one year42/48€21,706€23,918▲
Trade debts44€10,159€13,850▲
Suppliers440/4€10,159€13,850▲
Taxes, remuneration and social security45€11,547€10,068▼
Taxes450/3€11,547€10,068▼
Income statement Code20242025
Turnover70€57,594€47,237▼
Non-recurring operating income76A€8,256-
Goods, raw materials, services and sundry goods60/61€2,273€2,379▲
Other operating charges640/8€10,387€18,474▲
Gross operating margin9900€63,577€44,858▼
Operating profit (loss)9901€53,190€26,384▼
Financial charges65/66B€27€54▲
Recurring financial charges65€27€54▲
Profit (loss) for the period before taxes9903€53,163€26,330▼
Income taxes67/77€17,747€7,291▼
Profit (loss) for the period9904€35,416€19,039▼
Profit (loss) for the period to be appropriated9905€35,416€19,039▼
Appropriation of the result
Profit (loss) to be appropriated9906€249,257€227,146▼
Profit (loss) brought forward from the previous period14P€213,841€208,107▼
Transfer to equity691/2€41,150€18,000▼
To the legal reserve6920€6,150-
To other reserves6921€35,000€18,000▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Turnover70€54,903€57,594€47,237▼ 18.0%
Non-recurring operating income76A-€8,256--
Goods, raw materials, services and sundry goods60/61€7,389€2,273€2,379▲ 4.7%
Other operating charges640/8€15,326€10,387€18,474▲ 77.9%
Gross operating margin9900€47,514€63,577€44,858▼ 29.4%
Operating profit (loss)9901€32,188€53,190€26,384▼ 50.4%
Financial charges65/66B-€27€54▲ 100%
Recurring financial charges65-€27€54▲ 100%
Profit (loss) for the period before taxes9903€32,188€53,163€26,330▼ 50.5%
Income taxes67/77€8,800€17,747€7,291▼ 58.9%
Profit (loss) for the period9904€23,388€35,416€19,039▼ 46.2%
Profit (loss) for the period to be appropriated9905€23,388€35,416€19,039▼ 46.2%
Line202320242025Change
Assets
Total assets20/58€305,941€333,207€354,458▲ 6.4%
Fixed assets21/28€257,616€220,803€220,803=
Tangible fixed assets22/27€257,616€220,803€220,803=
Land and buildings22€257,616€220,803€220,803=
Current assets29/58€48,325€112,404€133,655▲ 18.9%
Amounts receivable within one year40/41€48,325€17,500€14,771▼ 15.6%
Trade receivables40€48,325€2,500€1,562▼ 37.5%
Other amounts receivable41-€15,000€13,209▼ 11.9%
Cash at bank and in hand54/58-€94,904€118,884▲ 25.3%
Equity and liabilities
Total equity and liabilities10/49€305,941€333,207€354,458▲ 6.4%
Equity10/15€276,085€311,501€330,540▲ 6.1%
Contributions10/11€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500=
Reserves13€744€41,894€59,894▲ 43.0%
Non-distributable reserves130/1-€6,150€6,150=
Legal reserve130-€6,150€6,150=
Tax-exempt reserves132€744€744€744=
Distributable reserves133-€35,000€53,000▲ 51.4%
Profit (loss) carried forward14€213,841€208,107€209,146▲ 0.5%
Amounts payable17/49€29,856€21,706€23,918▲ 10.2%
Amounts payable within one year42/48€29,856€21,706€23,918▲ 10.2%
Trade debts44-€10,159€13,850▲ 36.3%
Suppliers440/4-€10,159€13,850▲ 36.3%
Taxes, remuneration and social security45€8,800€11,547€10,068▼ 12.8%
Taxes450/3€8,800€11,547€10,068▼ 12.8%
Other amounts payable47/48€21,056---
Line202320242025Change
Profit (loss) for the period9904€23,388€35,416€19,039▼ 46.2%
Operating cash flow (approximation)€23,388€35,416€19,039▼ 46.2%
Investment in fixed assets (approximation)-€36,813€0▼ 100%
Change in cash--€23,980-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-09
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 54 days late
2025
31-12
Financial Weakest financial yearnet €19,039 ▼46.2%
Net result drops to €19,039, the lowest in the series.
23-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2023net €35,416 ▲51.4%
Operating result €53,190, net result €35,416, both a record.
31-12
Financial Liquidity triplescurrent ratio 5.18
Current ratio from 1.62 to 5.18; short-term debt falls from €29,856 to €21,706.
05-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Similar companies · same sector, comparable size

Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 4,425 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded05-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol register

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.