COMMAS IMMO
ActiveSummary
The annual accounts of COMMAS IMMO for fiscal year 2025 show a net loss of 84% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-18k. Its solvency ranks better than 18% of 9234 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-11
Solvency26▼-6
Growth32
Track record82
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.25 against 0.17 in 2024; short-term debt: 14.7% and cash: 1.1% of total assets), and 98.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.3%
Return on assets
-7.1%
Age of the figures
9 mo
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
2425
2024 to 2025 · latest year €-18k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 18%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
23 d early
2024
122 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3k▼ 84.3%
2024 · €22k
2024: €22k
2025: €3k▼ -84.3% vs 2024
2024 → 2025
Total assets
€259k▼ 11.4%
2024 · €292k
2024: €292k
2025: €259k▼ -11.4% vs 2024
2024 → 2025
Net result
€-18k▼ 6.0%
2024 · €-17k
2024: €-17k
2025: €-18k▼ -6.0% vs 2024
2024 → 2025
Working capital
€-29k▲ 23.2%
2024 · €-37k
2024: €-37k
2025: €-29k▲ +23.2% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€22k-€3k▼ 84.3%
2024: €22k
2025: €3k▼ -84.3% vs 2024
Operating result€-13k-€-9k▲ 35.6%
2024: €-13k
2025: €-9k▲ +35.6% vs 2024
Net result€-17k-€-18k▼ 6.0%
2024: €-17k
2025: €-18k▼ -6.0% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €259k
Fixed assets
€250k ▼ 4.0%
Current assets
€9k ▲ 22.0%
Equity and liabilities €259k
Equity
€3k ▼ 84.3%
Debt
€256k ▼ 5.6%
Debt's share of the balance-sheet total rises from 92.6% to 98.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k
Cash flow
€-8k
Current ratio
0.25▲
2024 · 0.17
Debt to equity
75.18▲
2024 · 12.46
ROE
-538.9%▼
2024 · -79.6%
ROA
-7.1%▼
2024 · -5.9%
Interest coverage
0.19
Debt ≤ 1 year
€38k▼
2024 · €45k
Debt > 1 year
€218k▼
2024 · €226k
Staff costs
€6k▲
2024 · €504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€292k€259k▼
Formation expenses20€25k-
Fixed assets21/28€260k€250k▼
Tangible fixed assets22/27€260k€250k▼
Land and buildings22€260k€250k▼
Current assets29/58€8k€9k▲
Amounts receivable within one year40/41€7k€6k▼
Trade receivables40€7k€6k▼
Other amounts receivable41-€699
Cash at bank and in hand54/58€567€3k▲
Deferred charges and accrued income490/1-€389
Equity and liabilities
Total equity and liabilities10/49€292k€259k▼
Equity10/15€22k€3k▼
Contributions10/11€39k€39k=
Capital10€39k€39k=
Issued capital100€39k€39k=
Profit (loss) carried forward14€-17k€-36k▼
Amounts payable17/49€271k€256k▼
Amounts payable after more than one year17€226k€218k▼
Financial debts170/4€226k€218k▼
Amounts payable within one year42/48€45k€38k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€4k€205▼
Taxes450/3€3k€205▼
Remuneration and social security454/9€1k-
Other amounts payable47/48€31k€28k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€22k€53k▲
Remuneration, social security and pensions62€504€6k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€10k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€25k▲
Other operating charges640/8€186€525▲
Gross operating margin9900€-82€33k▲
Operating profit (loss)9901€-13k€-9k▲
Financial charges65/66B€4k€10k▲
Recurring financial charges65€4k€10k▲
Profit (loss) for the period before taxes9903€-17k€-18k▼
Profit (loss) for the period9904€-17k€-18k▼
Profit (loss) for the period to be appropriated9905€-17k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-36k▼
Profit (loss) brought forward from the previous period14P-€-17k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €22k | €53k | ▲ 145% |
| Remuneration, social security and pensions62 | €504 | €6k | ▲ 1,080% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €10k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €12k | €25k | ▲ 97.6% |
| Other operating charges640/8 | €186 | €525 | ▲ 182% |
| Gross operating margin9900 | €-82 | €33k | ▲ 40,388% |
| Operating profit (loss)9901 | €-13k | €-9k | ▲ 35.6% |
| Financial charges65/66B | €4k | €10k | ▲ 142% |
| Recurring financial charges65 | €4k | €10k | ▲ 142% |
| Profit (loss) for the period before taxes9903 | €-17k | €-18k | ▼ 6.0% |
| Profit (loss) for the period9904 | €-17k | €-18k | ▼ 6.0% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €-18k | ▼ 6.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €292k | €259k | ▼ 11.4% |
| Formation expenses20 | €25k | - | - |
| Fixed assets21/28 | €260k | €250k | ▼ 4.0% |
| Tangible fixed assets22/27 | €260k | €250k | ▼ 4.0% |
| Land and buildings22 | €260k | €250k | ▼ 4.0% |
| Current assets29/58 | €8k | €9k | ▲ 22.0% |
| Amounts receivable within one year40/41 | €7k | €6k | ▼ 12.5% |
| Trade receivables40 | €7k | €6k | ▼ 22.4% |
| Other amounts receivable41 | - | €699 | - |
| Cash at bank and in hand54/58 | €567 | €3k | ▲ 385% |
| Deferred charges and accrued income490/1 | - | €389 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €292k | €259k | ▼ 11.4% |
| Equity10/15 | €22k | €3k | ▼ 84.3% |
| Contributions10/11 | €39k | €39k | = |
| Capital10 | €39k | €39k | = |
| Issued capital100 | €39k | €39k | = |
| Profit (loss) carried forward14 | €-17k | €-36k | ▼ 106% |
| Amounts payable17/49 | €271k | €256k | ▼ 5.6% |
| Amounts payable after more than one year17 | €226k | €218k | ▼ 3.6% |
| Financial debts170/4 | €226k | €218k | ▼ 3.6% |
| Amounts payable within one year42/48 | €45k | €38k | ▼ 15.5% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | ▲ 4.2% |
| Trade debts44 | €2k | €1k | ▼ 41.2% |
| Suppliers440/4 | €2k | €1k | ▼ 41.2% |
| Taxes, remuneration and social security45 | €4k | €205 | ▼ 95.2% |
| Taxes450/3 | €3k | €205 | ▼ 93.6% |
| Remuneration and social security454/9 | €1k | - | - |
| Other amounts payable47/48 | €31k | €28k | ▼ 7.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-18k | ▼ 6.0% |
| + Depreciation and write-downs630 | - | €10k | - |
| Operating cash flow (approximation) | €-17k | €-8k | ▲ 54.2% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €2k | - |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
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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Directors · office · real estate
Directors
1 act for this company is 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, Oupeye · 1 establishment unit since 2024
Ground area
283 m²
Building footprint
179 m²
Volume, LiDAR
1,110 m³
Parcel 62048A0594/00E000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
COMMAS IMMO
since 20242.363.290.380
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62048A0594/00E000 | Wallonia | 283 m² | 1 · 179 m² | 7.8 m · 2 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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 861 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
Founded13-06-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.