Losses
-€35,601 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
COMMAS IMMO
Overview
Lifetime
2 annual accounts with figures on one time axispeak €32,976 (2025)
€32,976▲ €33,058
lowest -€18,318 (2025)
-€18,318▼ €1,034
peak €21,717 (2024)
€3,399▼ 84.3%
€255,541▼ 5.6%
Board1 name since 2024
Documentsfilings and deeds
08-07-202623 days before the deadline
2025abbreviated format
Gross margin from -€82 to €32,976Loss of €18,318Equity from €21,717 to €3,399Cash from €567 to €2,746
Key points
from the 2025 annual accountsTurnover
≈ €54,000 estimated
The abbreviated format states no turnover.
Debts
€255,541 99% of the balance sheet
Financial debts 85%Suppliers 0%Taxes and wages 0%Other 14%
Of this, €37,948 falls due within a year.
Payment terms
9 days to suppliers
COMMAS IMMO pays its suppliers 27 days earlier than in 2024.
Starting capital
€39,000 100 shares
Position in the sector
€3,399
Less equity than 82% of companies in real estate. Sector median €300,024 · 11,302 companies.
Checked score
54
Fair
Financially stronger than 22% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 0.7%
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.8%▲ +0.1 percentage points vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.7%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Founded in 2024
Liquidity: current ratio 0.25, cash €2,746
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €258,940
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 68, micro). It does better than 21% of them on solvency, 45% on liquidity, 14% on profitability and 7% 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 31-12-2025.
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, 1,301 companies had the same profile as COMMAS IMMO has now. Each dot stands for 4 companies, two years later.
92.5%
were still trading
1.6%
stopped another way
5.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of COMMAS IMMO itself is lower: 0.7% within 12 months. It rests on far more data about COMMAS IMMO than the profile alone.
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 1,301 companies, not a prediction for COMMAS 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
No publishable credit limit, so 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 is insufficient, with a current ratio of 0.25 (0.17 in 2024), below 1. Short-term debt is 14.7% and cash 1.1% of total assets. 98.7% 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
Seven 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
2425
2024 to 2025 · latest year -€18,318
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 11297 sector peers (2025).
NBB · sector comparisonPosition among 11297 sector peers
Solvency
better than 19%
← 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 days early
2024
122 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 73 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- COMMAS Renan Maxence Marcel Jacques Ghislain 100 sharesdeed of 17-06-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1010341904
First establishment
Thier des Bruyères 11, Oupeye
Incorporation
Founding capital of €39,000, 100 shares · Founder: COMMAS Renan Maxence Marcel Jacques Ghislain · Appointment: COMMAS Renan Maxence Marcel Jacques Ghislain (director) · published on 17-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COMMAS IMMO Oupeye | €258,940 | €32,976 | 1.3% | - |
| Immo-ycx Kasterlee | €308,727 | €31,116 | 0.6% | - |
| PASGUIMMO Tournai | €237,555 | €27,806 | 7.4% | - |
| ALTTEC IMMO Bilzen-Hoeselt | €288,636 | €27,405 | 3.9% | - |
| ZAZOU.IMMO Anderlecht | €291,016 | €26,058 | 1.9% | - |
| Mojo-Invest Lochristi | €318,754 | €32,666 | 24.2% | - |
| IMMO BW Olne | €253,196 | €23,564 | -11.9% | - |
These companies have the same main activity as COMMAS IMMO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €238,000 and €319,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 13-06-2024Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.363.290.3804684 Oupeye, since 05-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- €32,976
- €18,318▲ 6.0%
- €3,399▼ 84.3%
- €258,940▼ 11.4%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on COMMAS IMMO
The annual accounts of COMMAS IMMO for financial year 2025 show a net loss of 84% of the equity at the start of that year. The 2025 annual accounts show equity of €3,399 and a net result of -€18,318.
Its solvency ranks better than 19% of 11,297 sector peers (NACE 68, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 08-07-2026, 23 days before the deadline€32,976
▲ €33,058
-€8,518
▲ €4,718
-€18,318
▼ €1,034
-€28,608
▲ €8,656
1.3%
▼ 6.1 percentage points
0.25
▲ 0.08
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €54,000. Estimated: probably between €40,000 and €78,000.
Balance sheet
balance sheet total €258,940 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
1.3%
Higher than 19% of 11,297 companies in 2025.
0.25
Higher than 19% of 10,849 companies in 2025.
-7.1%
Higher than 11% of 11,182 companies in 2025.
COMMAS IMMO
Middle half of the sector
80% of the sector
Abbreviated accounts in real estate (NACE 68)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: middle half
Staff
€6,605
Staff costs divided by the average number of full-time equivalents.
+1 person
people who joined
people who left
In 2025, 1 person joined and nobody left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
258,940 | 292,283 | |
20 |
- | 24,625 | |
21/28 |
249,600 | 260,000 | |
22/27 |
249,600 | 260,000 | |
22 |
249,600 | 260,000 | |
29/58 |
9,340 | 7,659 | |
40/41 |
6,205 | 7,092 | |
40 |
5,506 | 7,092 | |
41 |
699 | - | |
54/58 |
2,746 | 567 | |
490/1 |
389 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
258,940 | 292,283 | |
10/15 |
3,399 | 21,717 | |
10/11 |
39,000 | 39,000 | |
10 |
39,000 | 39,000 | |
100 |
39,000 | 39,000 | |
14 |
-35,601 | -17,283 | |
17/49 |
255,541 | 270,567 | |
17 |
217,592 | 225,643 | |
170/4 |
217,592 | 225,643 | |
42/48 |
37,948 | 44,923 | |
42 |
8,051 | 7,727 | |
44 |
1,264 | 2,150 | |
440/4 |
1,264 | 2,150 | |
45 |
205 | 4,283 | |
450/3 |
205 | 3,183 | |
454/9 |
- | 1,100 | |
47/48 |
28,428 | 30,763 | |
| Income statement | |||
9900 |
32,976 | -82 | |
60/61 |
52,990 | 21,587 | |
62 |
5,945 | 504 | |
630 |
10,400 | - | |
631/4 |
24,625 | 12,464 | |
640/8 |
525 | 186 | |
9901 |
-8,518 | -13,236 | |
65/66B |
9,800 | 4,047 | |
65 |
9,800 | 4,047 | |
9903 |
-18,318 | -17,283 | |
9904 |
-18,318 | -17,283 | |
9905 |
-18,318 | -17,283 | |
| Appropriation of the result | |||
9906 |
-35,601 | -17,283 | |
14P |
-17,283 | - | |
| Social balance sheet | |||
9087 |
0.9 | - | |
| Document | |||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 1,882 | - | ||
| -7,918 | - | ||
| 0 | 260,000 | ||
| 2,179 | - | ||
| -28,608 | -37,265 | ||
| 1.3% | 7.4% | ||
| 0.25 | 0.17 | ||
| 75.18 | 12.46 | ||
| -538.9% | -79.6% | ||
| -7.1% | -5.9% | ||
| 0.19 | - | ||
| 9 days | 36 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.1 |
| 0.1 | |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 |
|---|---|---|
| Mortgages, amount registered | - | €27,500 |
| Carrying value of the mortgaged assets | - | €260,000 |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €260,000 |
| €10,400 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on COMMAS IMMO
The operating result for 2025 is a loss of €8,518, smaller than the loss of €13,236 in 2024.
Debt's share of the balance-sheet total rises from 92.6% to 98.7%. Equity and debt are lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 17-06-2024
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 17-06-2024
Mandates through the years
1 name, the dashed line is todayCOMMAS Renan Maxence Marcel Jacques Ghislain
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- COMMAS Renan Maxence Marcel Jacques Ghislain
- Director (not named in the articles), appointed by deed of 17-06-2024, still in office
Control
This company
COMMAS IMMO
Equity €3,399
Loss €18,318 in 2025
Capital
- Contribution
- €39,000
- Shares
- 100
- Contribution per share
- €390
- Equity per share
- €33.99 in 2025
- Source
- deed of 17-06-2024
Articles of association
deed of 17-06-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Portée aux frais généraux indépendamment frais de représentation,voyages et déplacements, assemblée générale décide si mandat exercé…”
Shareholders
At incorporation
deed of 17-06-2024 ↗
- COMMAS Renan Maxence Marcel Jacques Ghislain 100 shares (100%) · €39,000 in cash
Network & group
No group
COMMAS IMMO has no parent and no holdings in its annual accounts. COMMAS Renan Maxence Marcel Jacques Ghislain is the only director.
At the same address
Thier des Bruyères 11, 4684 Oupeye · 1 other company| COMMAS
registered office since 15-12-2011 · founded in 2011 |
total assets €140,173 (2025) 0841.848.251 |
Board mandates elsewhere
1 board mandateBoard mandates of COMMAS IMMOCOMMAS IMMO sits on their board1
Connections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
5 events since 2024Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 23 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1010341904
Annual accounts 2024 filed NBBabbreviated format · 122 days before the deadline
2024
First establishment Thier des Bruyères 11, Oupeye
IncorporationFounding capital of €39,000, 100 shares · Founder: COMMAS Renan Maxence Marcel Jacques Ghislain · Appointment: COMMAS Renan Maxence Marcel Jacques Ghislain (director) · published on 17-06-20245 points ▸
- Founder, COMMAS Renan Maxence Marcel Jacques Ghislain
- Founding capital, €39,000, 100 shares
- Registered office clause, Thier des Bruyères 11, 4684 Haccourt (Oupeye)
- Board rule, 1
- Director appointment, COMMAS Renan Maxence Marcel Jacques Ghislain (director (not named in the articles))
- The deed holds 8 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
COMMAS IMMO was incorporated on 13 June 2024 as a private limited company by one natural person, with a starting capital of €39,000.12 COMMAS Renan Maxence Marcel Jacques Ghislain is director of the company, appointed by deed of 17-06-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1010.341.904
- VAT number
- BE 1010.341.904
- Peppol ID
- 0208:1010341904
- Other Peppol ID
- 9925:BE1010341904
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-06-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 19-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- COMMAS IMMO in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 17-06-2024 (in French)
Activities
NACEBEL 2025VAT activities
68201
Renting and operating of own or leased residential real estate, excluding social housing main activity
Social security (RSZ) activities
68201
Renting and operating of own or leased residential real estate, excluding social housing main activity
Codes under NACEBEL 2008
68201
Real estate activities main activity
68203
Real estate rental
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’achat,la détention,la vente,la cession,l’échange,la gestion de toute valeur mobilière,action,obligation,part sociale,la prise de…”deed of 17-06-2024 (in French)
6 activities
- L’achat,la détention,la vente,la cession,l’échange,la gestion de toute valeur mobilière,action,obligation,part sociale,la prise de participation sous quelque forme que ce soit dans des sociétés industrielles,commerciales,financières,civiles ou agricoles,ainsi que la réalisation de toutes opérations financières à l’exception de celles réservées par la loi aux banques et caisses d’épargne et de celles dites de gestion de fortune et de conseil en placements
- Toutes les activités de société dites « holding »,« de portefeuille » ou « de participations ».Elle s’intéressera entre autres à toutes prises de participation majoritaire ou minoritaire,avec but de contrôle ou de simple placement ou tout autre encore,et par toutes voies,que ce soit,notamment,par acquisition en bourse ou non,par souscription ou offre publique d’achat,dans toutes entreprises financières,industrielles ou commerciales
- Toute opération à caractère immobilier,telle que l’achat,la détention,la vente,la cession,l’échange,le lotissement,l’urbanisation,la construction,la gestion de tous biens immeubles de toute nature et autres droits immobiliers pour compte propre,qu’elle peut également donner en location en ce compris la location-financement,acquérir par voie d’apport,de fusion ou d’absorption ainsi que cultiver,faire cultiver ou mettre en jachère
- La société dispose,d’une manière générale,d’une pleine capacité juridique pour accomplir tous les actes et opérations généralement quelconques,commerciales,industrielles,financières,civiles,mobilières et immobilières se rattachant directement ou indirectement à son objet social ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement,la réalisation de son objet social sans que l’énumération des opérations soit limitative
- La société peut s’intéresser par voie d’association,d’apport,de souscription,de cession,de participation,de fusion,d’intervention financière ou autrement,dans toutes affaires,sociétés,associations ou entreprises,tant en Belgique qu’à l’étranger,ayant un objet identique,similaire ou connexe,ou susceptible de favoriser le développement de son entreprise,ou de constituer pour elle une source d’approvisionnement ou une possibilité de débouchés
- La société peut se porter garante et donner des biens immobiliers en garantie ou en hypothèque comme engagement pour des tiers
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Thier des Bruyères 11 registered office 4684 Oupeye | 05-09-2024 | 2.363.290.380 |
Buildings and parcels at the address
- Ground area
- 283 m²
- Buildings
- 179 m²
- Volume, LiDAR
- 1,110 m³
- Tallest building
- 7.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62048A0594/00E000 | 283 m² | 1 · 179 m² | 7.8 m · 2 |