Equity
€401,800 from €753,447 in 2018
Equity fell by 47% in 8 years.
IMMO B.C.
Lifetime
21 annual accounts with figures on one time axis, 33 filings since 1991peak €488,415 (2007)
€308,270▲ 14.1%
lowest -€88,385 (2025)
-€65,189▲ €23,196
peak €753,447 (2018)
€401,800▼ 14.0%
€1.5m▼ 2.2%
peak 6.7 FTE (2024)
6.2 FTE▲ 8.8%
Board2 names since 2022
2 directorsVeerle Dobbelaere and 1 other
Documentsfilings and deeds
07-10-202624 days before the deadline
2026abbreviated format
Gross margin from €270,196 to €308,270Loss of €65,189Staff from 5.7 FTE to 6.2 FTEEquity from €466,989 to €401,800Cash from €65,862 to €140,006
Key points
from the 2026 annual accountsLosses
-€153,574 in two years
The 2025 and 2026 financial years closed with a loss. 2025 was the heaviest.
Debts
€1.5m 79% of the balance sheet
Financial debts 20%Suppliers 10%Taxes and wages 1%Other 70%
€343,755 of the debts are secured on the company's own assets. In 2022 that was €516,950.
Investments
€9,666 0.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 37.7% higher than in 2025.
Staff
4 employees on 31-03-2026
In 2026, 19 people joined and 19 left.
Filings
33 annual accounts since 1991
The last five annual accounts were filed 0 to 63 days before the end of the period.
Checked score
68
Healthy
Financially stronger than 45% of micro companies in accommodation (NACE 55)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%lowest value
01-2025: 0.5%● unchanged vs 12-2024lowest value
02-2025: 0.5%● unchanged vs 01-2025lowest value
03-2025: 0.5%● unchanged vs 02-2025lowest value
04-2025: 0.5%● unchanged vs 03-2025lowest value
05-2025: 0.5%● unchanged vs 04-2025lowest value
06-2025: 0.5%● unchanged vs 05-2025lowest value
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.8%▲ +0.3 percentage points vs 09-2025
11-2025: 0.7%▼ -0.1 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.1 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026highest value
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €401,800 (20.8% of total assets)
Size: 6.2 FTE, total assets €1.9m
Loss of €65,189, the second in a row (financial year 2026)
lowers risk
Founded in 1990
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 55, micro). It does better than 49% of them on solvency, 60% on liquidity, 43% on profitability and 27% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-03-2026.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 2,450 companies had the same profile as IMMO B.C. has now. Each dot stands for 7 companies, two years later.
93.3%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO B.C. itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,448 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 2,450 companies, not a prediction for IMMO B.C.. 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 €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.4 (0.27 in 2025), below 1. Short-term debt is 22.6% and cash 7.3% of total assets. 79.2% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€65,189
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 07-10-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
24 days early
2025
18 days early
2024
63 days early
2023
on the day
2022
4 days early
2021
23 days early
2020
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 13 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440345356
Registered office moved within Middelkerke
New registered office: Meeuwenlaan 32, 8434 Middelkerke (Westende) · Previous registered office: Meeuwenlaan 30, 8434 Middelkerke (Westende) · Reappointments: Veerle Dobbelaere (director) and BV BC INVEST (director) · General meeting of 29-03-2022 · Gazette deed
New establishment in Middelkerke
Belcasa Beach Hotel, Meeuwenlaan 32
New establishment in Middelkerke
B&B, Henri Jasparlaan 18
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMO B.C. Middelkerke | €1.9m | €308,270 | 20.8% | 6.2 |
| SOLL-CRESS Koksijde | €1.8m | €491,036 | 67.6% | 6.7 |
| DE CASTILLION Bruges | €2.6m | €522,482 | 21.2% | 5.2 |
| BONNEU Hamont-Achel | €1.2m | €268,002 | 60.1% | 5.7 |
| Auberge de La Grande Cure Rendeux | €2.8m | €264,422 | 65.3% | 6 |
| RECAM Durbuy | €1.1m | €341,237 | 37.4% | 5.4 |
| HOTEL DU PARC OOSTENDE Ostend | €1.2m | €559,520 | 84.8% | 5.2 |
These companies have the same main activity as IMMO B.C.: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €1.1m and €2.8m, founded between 1983 and 1999.
Official details
Source: KBO- Status
- Active since 21-03-1990Normal situation
- Activity
- Hotels and similar accommodationNACE 55100and 5 others
- Joint committee
- 302Hotels and catering · annual accounts 31-03-2026
- Establishment units
- 2.047.862.8128434 Middelkerke, since 05-02-2002
- 2.255.735.6918434 Middelkerke, since 01-01-2009and 3 others
- Financial year end
- 31 March
- Peppol
- Reachable since 17-07-2026
Annual accounts to 31-03-2026
- ≈ €530,000estimated
- €1.9m▼ 4.9%
- Employeeson 31-03-2026
- 4=
- Filing
- Filed on 07-10-2026, 24 days before the end of the filing period
Insights on IMMO B.C.
IMMO B.C. files the abbreviated format. That format states no turnover. The gross margin rose from €186,933 in 2005 to €308,270 in 2026.
The balance sheet grew most from 2006 to 2008 through fixed assets.
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 IMMO B.C.
- What is the company number of IMMO B.C.?
- The company number of IMMO B.C. is 0440.345.356. The VAT number is the same number with BE in front: BE 0440.345.356.
- Where is IMMO B.C. based?
- The registered office is at Meeuwenlaan 32, 8434 Middelkerke.Company details
- What does IMMO B.C. do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of IMMO B.C.?
- IMMO B.C. is a private limited company (BV).
- When was IMMO B.C. founded?
- IMMO B.C. was founded on 21-03-1990.
- Is IMMO B.C. still active?
- Yes, IMMO B.C. is an active enterprise in the KBO register.
- How many employees does IMMO B.C. have?
- IMMO B.C. had an average of 6.2 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does IMMO B.C. fall under?
- In its 31-03-2026 annual accounts, IMMO B.C. states joint committee 302 (Hotels and catering).
- What is the turnover of IMMO B.C.?
- The turnover in financial year 2026 is ≈ €530,000. This figure is estimated from the gross margin of €308,270 and 34 comparable companies (NACE 55). It probably lies between €450,000 and €700,000.
- Is IMMO B.C. profitable?
- In financial year 2026, IMMO B.C. made a loss of €65,189.
- Where can I find the annual accounts of IMMO B.C.?
- IMMO B.C. filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of IMMO B.C. due?
- IMMO B.C. must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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