CROIN IMMO
ActiveSummary
CROIN IMMO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65,094 and a net result of €9,322. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 3.96 against 24.47 in 2023; short-term debt: 25.3% and cash: 96.5% of total assets), and 25.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
74.7%
Return on assets
10.7%
Age of the figures
21 mo
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 23-06-2026, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
38 d early
2024
34 d early
2023
9 d early
2022
46 d early
2021
67 d late
2020
67 d late
2019
27 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 5 days after 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 27 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€65,094▼ 13.8%
2023 · €75,541
Total assets
€87,088▲ 10.6%
2023 · €78,746
Net result
€9,322▼ 14.7%
2023 · €10,923
Working capital
€65,094▼ 13.5%
2023 · €75,213
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
Line20202021202220232024
Operating result€18,756▲ 121%€17,080▼ 8.9%€16,943▼ 0.8%€14,717▼ 13.1%€11,927▼ 19.0%
Net result€14,031within the sector's middle half▲ 109%€12,639within the sector's middle half▼ 9.9%€12,633within the sector's middle half=€10,923within the sector's middle half▼ 13.5%€9,322within the sector's middle half▼ 14.7%
Equity€29,946within the sector's middle half▲ 88.2%€42,585within the sector's middle half▲ 42.2%€64,618within the sector's middle half▲ 51.7%€75,541within the sector's middle half▲ 16.9%€65,094within the sector's middle half▼ 13.8%
Total assets€30,927below the sector's middle half▲ 83.0%€44,997below the sector's middle half▲ 45.5%€68,361below the sector's middle half▲ 51.9%€78,746below the sector's middle half▲ 15.2%€87,088below the sector's middle half▲ 10.6%
Debt€980=€2,412▲ 146%€3,743▲ 55.2%€3,205▼ 14.4%€21,994▲ 586%
Working capital€26,841within the sector's middle half▲ 126%€40,406within the sector's middle half▲ 50.5%€63,365within the sector's middle half▲ 56.8%€75,213within the sector's middle half▲ 18.7%€65,094within the sector's middle half▼ 13.5%
Solvency96.8%above the sector's middle half▲ 2.6pp94.6%above the sector's middle half▼ 2.2pp94.5%above the sector's middle half▼ 0.1pp95.9%above the sector's middle half▲ 1.4pp74.7%above the sector's middle half▼ 21.2pp
Current ratio28.39above the sector's middle half▲ 15.2617.75above the sector's middle half▼ 10.6317.93above the sector's middle half▲ 0.1824.47above the sector's middle half▲ 6.543.96above the sector's middle half▼ 20.51
Return on assets (ROA)45.4%above the sector's middle half▲ 5.6pp28.1%above the sector's middle half▼ 17.3pp18.5%above the sector's middle half▼ 9.6pp13.9%above the sector's middle half▼ 4.6pp10.7%above the sector's middle half▼ 3.2pp
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
The operating result has fallen four years in a row; 2024 is 19% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €87,088
Equity
€65,094 ▼ 13.8%
Debt
€21,994 ▲ 586%
Debt's share of the balance-sheet total rises from 4.1% to 25.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12,255▼
2023 · €15,642
Cash flow
€9,650▼
2023 · €11,848
Debt to equity
0.34▲
2023 · 0.04
ROE
14.3%▼
2023 · 14.5%
Interest coverage
226.94▲
2023 · 94.80
Debt ≤ 1 year
€21,994▲
2023 · €3,205
Income taxes
€2,551▼
2023 · €3,641
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €926 | €926 | €926 | €925 | €328 | ▼ 64.5% |
| Other operating charges640/8 | - | €508 | €620 | €1,475 | - | - |
| Gross operating margin9900 | €20,186 | €18,514 | €18,489 | €17,117 | €12,255 | ▼ 28.4% |
| Operating profit (loss)9901 | €18,756 | €17,080 | €16,943 | €14,717 | €11,927 | ▼ 19.0% |
| Financial income75/76B | - | - | - | €12 | - | - |
| Recurring financial income75 | - | - | - | €12 | - | - |
| Financial charges65/66B | - | €148 | €79 | €165 | €54 | ▼ 67.3% |
| Recurring financial charges65 | €48 | €148 | €79 | €165 | €54 | ▼ 67.3% |
| Profit (loss) for the period before taxes9903 | €18,708 | €16,932 | €16,864 | €14,564 | €11,873 | ▼ 18.5% |
| Income taxes67/77 | €4,677 | €4,294 | €4,231 | €3,641 | €2,551 | ▼ 29.9% |
| Profit (loss) for the period9904 | €14,031 | €12,639 | €12,633 | €10,923 | €9,322 | ▼ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €14,031 | €12,639 | €12,633 | €10,923 | €9,322 | ▼ 14.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €30,927 | €44,997 | €68,361 | €78,746 | €87,088 | ▲ 10.6% |
| Fixed assets21/28 | €3,105 | €2,179 | €1,253 | €328 | - | - |
| Tangible fixed assets22/27 | €3,105 | €2,179 | €1,253 | €328 | - | - |
| Plant, machinery and equipment23 | - | €2,179 | €1,253 | €328 | - | - |
| Current assets29/58 | €27,822 | €42,817 | €67,108 | €78,418 | €87,088 | ▲ 11.1% |
| Amounts receivable within one year40/41 | €13,248 | €22,647 | €17,536 | €4,868 | €3,032 | ▼ 37.7% |
| Trade receivables40 | - | €21,321 | €14,762 | - | - | - |
| Other amounts receivable41 | - | €1,326 | €2,774 | €4,868 | €3,032 | ▼ 37.7% |
| Cash at bank and in hand54/58 | €14,573 | €20,171 | €49,572 | €73,550 | €84,056 | ▲ 14.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €30,927 | €44,997 | €68,361 | €78,746 | €87,088 | ▲ 10.6% |
| Equity10/15 | €29,946 | €42,585 | €64,618 | €75,541 | €65,094 | ▼ 13.8% |
| Contributions10/11 | €9,200 | €9,200 | €18,600 | €20,269 | €500 | ▼ 97.5% |
| Capital10 | - | €9,200 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | €9,400 | - | - | - | - |
| Reserves13 | €1,037 | €1,669 | €1,669 | - | - | - |
| Non-distributable reserves130/1 | - | €1,669 | €1,669 | - | - | - |
| Legal reserve130 | - | €1,669 | €1,669 | - | - | - |
| Profit (loss) carried forward14 | €19,709 | €31,716 | €44,349 | €55,272 | €64,594 | ▲ 16.9% |
| Amounts payable17/49 | €980 | €2,412 | €3,743 | €3,205 | €21,994 | ▲ 586% |
| Amounts payable within one year42/48 | €980 | €2,412 | €3,743 | €3,205 | €21,994 | ▲ 586% |
| Trade debts44 | - | - | - | €2,225 | €2,225 | = |
| Suppliers440/4 | - | - | - | €2,225 | €2,225 | = |
| Taxes, remuneration and social security45 | - | €1,432 | €2,763 | - | €2,257 | - |
| Taxes450/3 | - | €1,432 | €2,763 | - | €2,257 | - |
| Other amounts payable47/48 | - | €980 | €980 | €980 | €17,512 | ▲ 1,687% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,031 | €12,639 | €12,633 | €10,923 | €9,322 | ▼ 14.7% |
| + Depreciation and write-downs630 | €926 | €926 | €926 | €925 | €328 | ▼ 64.5% |
| Operating cash flow (approximation) | €14,957 | €13,564 | €13,559 | €11,848 | €9,650 | ▼ 18.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €5,597 | €29,401 | €23,978 | €10,506 | ▼ 56.2% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
2020
31-12
Financial
Highest result since 2019net €14,031 ▲109%
Operating result €18,756, net result €14,031, both a record.
31-12
Financial
Liquidity doublescurrent ratio 28.39
Current ratio from 13.13 to 28.39.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gerpinnes · 1 establishment unit since 2018
Ground area
1,668 m²
Building footprint
182 m²
Volume, LiDAR
1,256 m³
Parcel 52025B0339/00G000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CROIN IMMO
since 20182.282.083.168
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52025B0339/00G000 | Wallonia | 1,668 m² | 1 · 182 m² | 9.5 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 9,145 companies in sector 68201 we hold annual accounts for 6,776. 3,686 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
Founded12-11-2018
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713435592
Also
9925:BE0713435592
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.