CFE IMMO
ActiveSummary
CFE IMMO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,275) and a net result of €61,624. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+9
Solvency25▲+6
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.06 against 0.91 in 2024; short-term debt: 23.5% and cash: 0.6% of total assets), but equity is negative.
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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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 14254 sector peers (2025).
NBB · sector comparisonPosition among 14254 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
41 d early
2023
37 d early
2022
32 d early
2021
32 d early
2020
13 d late
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before 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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 company by total assets in Soignies, Real estate sector
Equity
-€5,275▲ 92.1%
2024 · -€66,899
Total assets
€1.5m▲ 33.7%
2024 · €1.1m
Net result
€61,624▲ 337%
2024 · €14,112
Working capital
€376,527
2024 · -€44,065
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
Line20212022202320242025
Operating result-€1,929▲ 57.8%-€12,804▼ 564%-€12,605▲ 1.6%€29,066€93,177▲ 221%
Net result-€5,657within the sector's middle half▲ 33.3%-€16,330below the sector's middle half▼ 189%-€15,952below the sector's middle half▲ 2.3%€14,112within the sector's middle half€61,624above the sector's middle half▲ 337%
Equity-€48,729below the sector's middle half▼ 13.1%-€65,059below the sector's middle half▼ 33.5%-€81,011below the sector's middle half▼ 24.5%-€66,899below the sector's middle half▲ 17.4%-€5,275below the sector's middle half▲ 92.1%
Total assets€328,961within the sector's middle half▼ 2.0%€356,979within the sector's middle half▲ 8.5%€664,256within the sector's middle half▲ 86.1%€1.1mabove the sector's middle half▲ 69.9%€1.5mabove the sector's middle half▲ 33.7%
Debt€377,690▼ 0.3%€422,038▲ 11.7%€745,267▲ 76.6%€1.2m▲ 60.4%€1.5m▲ 26.7%
Working capital€142,912above the sector's middle half▼ 0.7%€175,324above the sector's middle half▲ 22.7%€399,439above the sector's middle half▲ 128%-€44,065within the sector's middle half€376,527above the sector's middle half
Solvency-14.8%below the sector's middle half▼ 2.0pp-18.2%below the sector's middle half▼ 3.4pp-12.2%below the sector's middle half▲ 6.0pp-5.9%below the sector's middle half▲ 6.3pp-0.3%below the sector's middle half▲ 5.6pp
Current ratio19.20above the sector's middle half▼ 0.6522.72above the sector's middle half▲ 3.5243.05above the sector's middle half▲ 20.330.91within the sector's middle half▼ 42.152.06within the sector's middle half▲ 1.16
Return on assets (ROA)-1.7%within the sector's middle half▲ 0.8pp-4.6%below the sector's middle half▼ 2.9pp-2.4%within the sector's middle half▲ 2.2pp1.3%within the sector's middle half▲ 3.7pp4.1%within the sector's middle half▲ 2.8pp
Staff (FTE)0.8
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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 221% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€779,151 ▲ 12.2%
Current assets
€730,617 ▲ 68.1%
Key figures and ratios
EBITDA
€131,354▲
2024 · €53,319
Cash flow
€99,801▲
2024 · €38,365
Quick ratio
0.20▼
2024 · 0.31
Interest coverage
4.16▲
2024 · 3.54
Debt ≤ 1 year
€354,090▼
2024 · €478,684
Debt > 1 year
€1.1m▲
2024 · €706,238
Staff costs
€16,993
A ratio outside any meaningful range has been withheld (balance sheet total €1.5m, equity -€5,275).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,381 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €16,993 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,826 | €5,585 | €8,187 | €24,253 | €38,177 | ▲ 57.4% |
| Other operating charges640/8 | €1,498 | €2,415 | €1,947 | €4,577 | €3,261 | ▼ 28.7% |
| Non-recurring operating charges66A | - | - | €1,493 | - | - | - |
| Gross operating margin9900 | €5,395 | -€4,805 | -€979 | €57,896 | €151,608 | ▲ 162% |
| Operating profit (loss)9901 | -€1,929 | -€12,804 | -€12,605 | €29,066 | €93,177 | ▲ 221% |
| Financial income75/76B | - | - | €0 | €121 | €15 | ▼ 87.8% |
| Recurring financial income75 | - | - | €0 | €121 | €15 | ▼ 87.8% |
| Financial charges65/66B | €3,729 | €3,525 | €3,347 | €15,075 | €31,567 | ▲ 109% |
| Recurring financial charges65 | €3,729 | €3,525 | €3,347 | €15,075 | €31,567 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | -€5,657 | -€16,330 | -€15,952 | €14,112 | €61,624 | ▲ 337% |
| Profit (loss) for the period9904 | -€5,657 | -€16,330 | -€15,952 | €14,112 | €61,624 | ▲ 337% |
| Profit (loss) for the period to be appropriated9905 | -€5,657 | -€16,330 | -€15,952 | €14,112 | €61,624 | ▲ 337% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €328,961 | €356,979 | €664,256 | €1.1m | €1.5m | ▲ 33.7% |
| Fixed assets21/28 | €178,198 | €173,583 | €255,319 | €694,186 | €779,151 | ▲ 12.2% |
| Tangible fixed assets22/27 | €178,198 | €173,583 | €255,319 | €694,186 | €779,023 | ▲ 12.2% |
| Land and buildings22 | €176,613 | €171,518 | €228,568 | €506,745 | €528,757 | ▲ 4.3% |
| Plant, machinery and equipment23 | €1,585 | €2,065 | €26,751 | €186,309 | €249,589 | ▲ 34.0% |
| Furniture and vehicles24 | - | - | - | €1,132 | €677 | ▼ 40.2% |
| Financial fixed assets28 | - | - | - | - | €129 | - |
| Current assets29/58 | €150,763 | €183,396 | €408,937 | €434,619 | €730,617 | ▲ 68.1% |
| Stocks and contracts in progress3 | €149,762 | €149,762 | €149,762 | €286,428 | €660,288 | ▲ 131% |
| Stocks30/36 | €149,762 | €149,762 | €149,762 | €286,428 | €660,288 | ▲ 131% |
| Amounts receivable within one year40/41 | - | €7,872 | €41,534 | €40,036 | €49,770 | ▲ 24.3% |
| Trade receivables40 | - | €5,500 | €36,035 | €40,000 | €49,707 | ▲ 24.3% |
| Other amounts receivable41 | - | €2,372 | €5,499 | €36 | €63 | ▲ 73.6% |
| Cash at bank and in hand54/58 | €1,001 | €25,762 | €217,641 | €92,509 | €9,207 | ▼ 90.0% |
| Deferred charges and accrued income490/1 | - | - | - | €15,645 | €11,353 | ▼ 27.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €328,961 | €356,979 | €664,256 | €1.1m | €1.5m | ▲ 33.7% |
| Equity10/15 | -€48,729 | -€65,059 | -€81,011 | -€66,899 | -€5,275 | ▲ 92.1% |
| Contributions10/11 | €6,400 | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Profit (loss) carried forward14 | -€55,129 | -€71,459 | -€87,411 | -€73,299 | -€11,675 | ▲ 84.1% |
| Amounts payable17/49 | €377,690 | €422,038 | €745,267 | €1.2m | €1.5m | ▲ 26.7% |
| Amounts payable after more than one year17 | €369,838 | €413,967 | €735,769 | €706,238 | €1.1m | ▲ 62.6% |
| Financial debts170/4 | €117,007 | €108,935 | €100,637 | €92,106 | €543,271 | ▲ 490% |
| Other amounts payable178/9 | €252,831 | €305,031 | €635,131 | €614,131 | €604,791 | ▼ 1.5% |
| Amounts payable within one year42/48 | €7,851 | €8,072 | €9,498 | €478,684 | €354,090 | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | €7,851 | €8,072 | €8,298 | €8,531 | €8,770 | ▲ 2.8% |
| Financial debts43 | - | - | - | €364,750 | €266,000 | ▼ 27.1% |
| Credit institutions430/8 | - | - | - | €364,750 | €266,000 | ▼ 27.1% |
| Trade debts44 | - | - | €1,200 | €91,221 | €73,728 | ▼ 19.2% |
| Suppliers440/4 | - | - | €1,200 | €91,221 | €73,728 | ▼ 19.2% |
| Taxes, remuneration and social security45 | - | - | - | €14,182 | €1,569 | ▼ 88.9% |
| Taxes450/3 | - | - | - | €14,182 | €1,569 | ▼ 88.9% |
| Other amounts payable47/48 | - | - | - | - | €4,022 | - |
| Accrued charges and deferred income492/3 | - | - | - | €10,782 | €12,891 | ▲ 19.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,657 | -€16,330 | -€15,952 | €14,112 | €61,624 | ▲ 337% |
| + Depreciation and write-downs630 | €5,826 | €5,585 | €8,187 | €24,253 | €38,177 | ▲ 57.4% |
| Operating cash flow (approximation) | €169 | -€10,744 | -€7,765 | €38,365 | €99,801 | ▲ 160% |
| Investment in fixed assets (approximation) | - | -€971 | -€89,922 | -€463,120 | -€123,143 | ▲ 73.4% |
| Change in cash | - | €24,761 | €191,879 | -€125,132 | -€83,303 | ▲ 33.4% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €61,624 ▲337%
Operating result €93,177, net result €61,624, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 0.91 to 2.06; short-term debt falls from €478,684 to €354,090.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €14,112
Net result €14,112 after 6 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€16,330
Net result drops to -€16,330, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Liquidity times 74current ratio 19.85
Current ratio from 0.27 to 19.85.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Soignies · 1 establishment unit since 2014
Ground area
1,351 m²
Building footprint
135 m²
Parcel 55028A0177/00C000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CFE IMMO
since 20142.266.011.555
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55028A0177/00C000 | Wallonia | 1,351 m² | 1 · 135 m² | - |
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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0564956506
Also
9925:BE0564956506
Registered
29-11-2025
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.