Losses
-€47,109 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Carmen Immo
Lifetime
12 annual accounts with figures on one time axispeak €213,307 (2023)
€48,145▲ 29.5%
lowest -€25,741 (2020)
-€23,417▲ €274
peak €156,106 (2023)
€108,997▼ 17.7%
€671,829▲ 12.9%
Board2 names since 2014
2 directorsDI GIUSEPPE, Massimo and 1 other
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €37,186 to €48,145Loss of €23,4172 directors reappointed 27-10Equity from €132,414 to €108,997Investments €106,059Cash from €199 to €337
Key points
from the 2025 annual accountsDebts
€671,829 82% of the balance sheet
Financial debts 89%Suppliers 2%Taxes and wages 0%Other 9%
Of this, €69,484 falls due within a year.
Investments
€106,933 2.4 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 10.2% higher than in 2024.
Checked score
54
Fair
Financially stronger than 38% of micro companies in accommodation (NACE 55)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
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 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 1.3%▲ +0.8 percentage points vs 09-2025
11-2025: 1.1%▼ -0.2 percentage points vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 0.9%▼ -0.2 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 1.8%▲ +0.9 percentage points vs 08-2026highest value
10-2026: 1.8%● unchanged vs 09-2026highest value
11-2026: 1.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.02, cash €337
1 change of registered office in 24 months
1 of the last 3 accounts late
lowers risk
Size: total assets €816,395
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 42% of them on solvency, 56% on liquidity, 29% on profitability and 24% 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 moderate class on 30-06-2025, 2.4% 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, 1,423 companies had the same profile as Carmen Immo has now. Each dot stands for 4 companies, two years later.
96.5%
were still trading
2.2%
stopped another way
1.0%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Carmen Immo itself is higher: 1.8% within 12 months. It rests on far more data about Carmen 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 1,423 companies, not a prediction for Carmen 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 €5,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.02 (0.12 in 2024), below 1. Short-term debt is 8.5% and cash 0% of total assets. 86.6% of the assets are financed with debt and provisions.
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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 (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,417
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 days early
2024
31 days late
2023
28 days late
2022
29 days late
2021
30 days late
2020
31 days late
2019
61 days late
← 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 26 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Ons to Saint Symphorien
New registered office: Chaussée du roi Baudouin 82 à 7030 Saint Symphorien · Previous registered office: Rue Guy de Bres 77 7000 ONS · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0544875625
2 directors reappointed
Changes of role: SAAVEDRA, Camille (managing director) and DI GIUSEPPE, Massimo (managing director) · Reappointments: SAAVEDRA, Camille (director) and DI GIUSEPPE, Massimo (director) · Director discharge: SAAVEDRA, Camille · General meeting of 21-10-2025 · Gazette deed
2 directors appointed, 2 reappointments
Reappointments: DI GIUSEPPE Massimo (managing director) and SAAVEDRA Camille (managing director) · Appointments: DI GIUSEPPE Massimo (managing director) and SAAVEDRA Camille (managing director) · General meeting of 13-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Carmen Immo Mons | €0.8m | €48,145 | 13.4% | - |
| Sterckxhof Meise | €0.8m | €52,141 | 52.8% | 1.4 |
| PADU ! Brasschaat | €0.7m | €38,085 | 29.1% | - |
| LES MIDIS AU VERT Stoumont | €1.1m | €44,842 | 16.3% | - |
| MAISON MEGUSTA Liège | €0.8m | €35,932 | -4.3% | - |
| FERAGE IMMOBILIA Brussels | €0.8m | €31,227 | 40.6% | - |
| LA POSTERIE Ghent | €1.0m | €39,238 | -31.0% | 0 |
These companies have the same main activity as Carmen Immo: holiday cottages, homes and apartments (NACE 55203). They are comparable in size and age: total assets between €702,000 and €1.1m, founded between 2010 and 2016.
Official details
Source: KBO- Status
- Active since 30-01-2014Normal situation
- Activity
- Holiday cottages, homes and apartmentsNACE 55203
- Establishment unit
- 2.346.854.2267000 Mons, since 30-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 04-02-2026
Annual accounts 2025
- ≈ €170,000estimated
- €816,395▲ 6.8%
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on Carmen Immo
Carmen Immo files the abbreviated format. That format states no turnover. The gross margin rose from -€1,865 in 2014 to €48,145 in 2025.
The balance sheet grew most in 2015 through fixed assets, financed with long-term debt.
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 Carmen Immo
- What is the company number of Carmen Immo?
- The company number of Carmen Immo is 0544.875.625. The VAT number is the same number with BE in front: BE 0544.875.625.
- Where is Carmen Immo based?
- The registered office is at Chaussée du Roi Baudouin 82, 7030 Mons.Company details
- What does Carmen Immo do?
- According to the KBO register, the main activity is holiday cottages, homes and apartments (NACE 55203).
- What is the legal form of Carmen Immo?
- Carmen Immo is a public limited company (NV).
- When was Carmen Immo founded?
- Carmen Immo was founded on 30-01-2014.
- Is Carmen Immo still active?
- Yes, Carmen Immo is an active enterprise in the KBO register.
- What is the turnover of Carmen Immo?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €48,145 and 1,231 comparable companies of the same size. It probably lies between €92,000 and €320,000. It is a rough estimate.Financials
- Is Carmen Immo profitable?
- In financial year 2025, Carmen Immo made a loss of €23,417.
- Where can I find the annual accounts of Carmen Immo?
- Carmen Immo filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Carmen Immo due?
- Carmen Immo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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