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DAC - IMMO

Active
Public limited companyfounded 197551 yrs activeSint-Denijsstraat 157, 1190 Vorst, BelgiumKBO/BCE: BE 0415.038.353
Summary

The annual accounts of DAC - IMMO for fiscal year 2024 show a net loss of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €121,504 and a net result of -€132,729. Equity is shrinking by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 4814 sector peers (fiscal year 2024). The company has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability0▼-68
Solvency50▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days 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 ample (current ratio 2.53 against 4.11 in 2023; short-term debt: 32.7% and cash: 24.8% of total assets), but 74.8% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 51 years 0 60 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2024
Solvency, return and age of the figures
Solvency
25.2%
Return on assets
-27.6%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€132,729
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
30 d early
2023
3 d early
2022
23 d early
2021
31 d early
2020
30 d early
2019
7 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 18 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 April 1975, DAC - IMMO was incorporated.1 Total assets went from EUR 720,681 in 2018 to EUR 481,648 in 2024 and headcount from 6.5 to 3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€132,729▼ 5,296%
2023 · -€2,460
Working capital
€240,318▼ 29.2%
2023 · €339,578
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-€3,380▲ 43.4%-€11,833▼ 250%-€42,015▼ 255%€3,180-€129,483
Net result-€7,138within the sector's middle half▲ 2.8%-€14,112within the sector's middle half▼ 97.7%-€45,575below the sector's middle half▼ 223%-€2,460within the sector's middle half▲ 94.6%-€132,729below the sector's middle half▼ 5,296%
Equity€316,381within the sector's middle half▼ 2.2%€302,269within the sector's middle half▼ 4.5%€256,694within the sector's middle half▼ 15.1%€254,234within the sector's middle half▼ 1.0%€121,504within the sector's middle half▼ 52.2%
Total assets€702,149within the sector's middle half▲ 5.8%€615,153below the sector's middle half▼ 12.4%€590,642below the sector's middle half▼ 4.0%€570,897below the sector's middle half▼ 3.3%€481,648below the sector's middle half▼ 15.6%
Debt€385,768▲ 13.5%€312,884▼ 18.9%€333,948▲ 6.7%€316,663▼ 5.2%€360,144▲ 13.7%
Working capital€254,591▼ 5.5%€458,515▲ 80.1%€413,623▼ 9.8%€339,578▼ 17.9%€240,318▼ 29.2%
Solvency45.1%within the sector's middle half▼ 3.7pp49.1%within the sector's middle half▲ 4.1pp43.5%within the sector's middle half▼ 5.7pp44.5%within the sector's middle half▲ 1.1pp25.2%within the sector's middle half▼ 19.3pp
Staff (FTE)6.9within the sector's middle half▼ 8.0%6.7within the sector's middle half▼ 2.9%5within the sector's middle half▼ 25.4%3within the sector's middle half▼ 40.0%3within the sector's middle half=
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.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2020: -€3,380-€3,380Net result 2020: -€7,138-€7,138Operating result 2021: -€11,833-€11,833Net result 2021: -€14,112-€14,112Operating result 2022: -€42,015-€42,015Net result 2022: -€45,575-€45,575Operating result 2023: €3,180€3,180Net result 2023: -€2,460-€2,460Operating result 2024: -€129,483-€129,483Net result 2024: -€132,729-€132,72920202021202220232024-€150,000-€100,000-€50,000€0Operating result 2022: -€42,015-€42,000Net result 2022: -€45,575-€45,600Operating result 2023: €3,180€3,180Net result 2023: -€2,460-€2,460Operating result 2024: -€129,483-€129,000Net result 2024: -€132,729-€133,000202220232024
The operating result turns negative in 2024: a loss of €129,483 after €3,180 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €481,648
Fixed assets €83,901 ▼ 31.4%
Current assets €397,747 ▼ 11.3%
Equity and liabilities €481,648
Equity €121,504 ▼ 52.2%
Debt €360,144 ▲ 13.7%
Debt's share of the balance-sheet total rises from 55.5% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€89,125▼
2023 · €31,087
Cash flow
-€92,372▼
2023 · €25,447
Current ratio
2.53▼
2023 · 4.11
Debt to equity
2.96▲
2023 · 1.25
ROE
-109.2%▼
2023 · -1.0%
ROA
-27.6%▼
2023 · -0.4%
Interest coverage
-35.07▼
2023 · 11.66
Debt ≤ 1 year
€157,429▲
2023 · €109,043
Debt > 1 year
€182,703▼
2023 · €195,000
Income taxes
€706▼
2023 · €3,118
Staff costs
€218,640▼
2023 · €224,638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a loss of 10% of the balance sheet or more
3.5% went bankrupt
7.4% stopped otherwise
88% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 1,219 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet Code20232024
Assets
Total assets20/58€570,897€481,648▼
Fixed assets21/28€122,276€83,901▼
Tangible fixed assets22/27€122,276€83,901▼
Plant, machinery and equipment23€14,481€10,968▼
Furniture and vehicles24€107,795€72,933▼
Current assets29/58€448,621€397,747▼
Amounts receivable within one year40/41€114,150€134,265▲
Trade receivables40€94,901€119,487▲
Other amounts receivable41€19,249€14,779▼
Current investments50/53€181,882€131,701▼
Cash at bank and in hand54/58€147,339€119,603▼
Deferred charges and accrued income490/1€5,250€12,177▲
Equity and liabilities
Total equity and liabilities10/49€570,897€481,648▼
Equity10/15€254,234€121,504▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€258,200€258,200=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€252,000€252,000=
Profit (loss) carried forward14-€65,966-€198,696▼
Amounts payable17/49€316,663€360,144▲
Amounts payable after more than one year17€195,000€182,703▼
Financial debts170/4€195,000€182,703▼
Amounts payable within one year42/48€109,043€157,429▲
Trade debts44€72,913€104,708▲
Suppliers440/4€72,913€104,708▲
Taxes, remuneration and social security45€30,451€45,152▲
Taxes450/3€8,305€28,483▲
Remuneration and social security454/9€22,146€16,669▼
Other amounts payable47/48€5,679€7,568▲
Accrued charges and deferred income492/3€12,620€20,012▲
Income statement Code20232024
Remuneration, social security and pensions62€224,638€218,640▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,907€40,357▲
Other operating charges640/8€5,115€9,396▲
Gross operating margin9900€260,840€138,910▼
Operating profit (loss)9901€3,180-€129,483▼
Financial income75/76B€144€0▼
Recurring financial income75€144€0▼
Financial charges65/66B€2,666€2,541▼
Recurring financial charges65€2,666€2,541▼
Profit (loss) for the period before taxes9903€658-€132,024▼
Income taxes67/77€3,118€706▼
Profit (loss) for the period9904-€2,460-€132,729▼
Profit (loss) for the period to be appropriated9905-€2,460-€132,729▼
Appropriation of the result
Profit (loss) to be appropriated9906-€65,966-€198,696▼
Profit (loss) brought forward from the previous period14P-€63,506-€65,966▼
Social balance
Average headcount (FTE)90873.03.0=

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Remuneration, social security and pensions62-€245,087€217,904€224,638€218,640▼ 2.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28,382€26,055€32,394€27,907€40,357▲ 44.6%
Other operating charges640/8-€4,399€3,544€5,115€9,396▲ 83.7%
Gross operating margin9900€323,631€263,708€211,827€260,840€138,910▼ 46.7%
Operating profit (loss)9901-€3,380-€11,833-€42,015€3,180-€129,483▼ 4,172%
Financial income75/76B-€21€18€144€0▼ 100.0%
Recurring financial income75€548€21€18€144€0▼ 100.0%
Financial charges65/66B-€2,714€2,479€2,666€2,541▼ 4.7%
Recurring financial charges65€365€2,714€2,479€2,666€2,541▼ 4.7%
Non-recurring financial charges66B-€2,714----
Profit (loss) for the period before taxes9903-€3,197-€14,526-€44,476€658-€132,024▼ 20,164%
Income taxes67/77€3,941-€414€1,099€3,118€706▼ 77.4%
Profit (loss) for the period9904-€7,138-€14,112-€45,575-€2,460-€132,729▼ 5,296%
Profit (loss) for the period to be appropriated9905-€7,138-€14,112-€45,575-€2,460-€132,729▼ 5,296%
Line20202021202220232024Change
Assets
Total assets20/58€702,149€615,153€590,642€570,897€481,648▼ 15.6%
Fixed assets21/28€80,912€54,857€54,175€122,276€83,901▼ 31.4%
Tangible fixed assets22/27€80,912€54,857€54,175€122,276€83,901▼ 31.4%
Plant, machinery and equipment23-€1,518€4,613€14,481€10,968▼ 24.3%
Furniture and vehicles24-€53,339€49,562€107,795€72,933▼ 32.3%
Current assets29/58€621,237€560,296€536,467€448,621€397,747▼ 11.3%
Amounts receivable within one year40/41€104,024€40,516€92,193€114,150€134,265▲ 17.6%
Trade receivables40-€31,558€56,993€94,901€119,487▲ 25.9%
Other amounts receivable41-€8,958€35,200€19,249€14,779▼ 23.2%
Current investments50/53€147,391€297,290€182,058€181,882€131,701▼ 27.6%
Cash at bank and in hand54/58€357,167€210,431€253,662€147,339€119,603▼ 18.8%
Deferred charges and accrued income490/1-€12,059€8,554€5,250€12,177▲ 132%
Equity and liabilities
Total equity and liabilities10/49€702,149€615,153€590,642€570,897€481,648▼ 15.6%
Equity10/15€316,381€302,269€256,694€254,234€121,504▼ 52.2%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€258,200€258,200€258,200€258,200€258,200=
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200=
Legal reserve130-€6,200€6,200€6,200€6,200=
Distributable reserves133-€252,000€252,000€252,000€252,000=
Profit (loss) carried forward14-€3,819-€17,931-€63,506-€65,966-€198,696▼ 201%
Amounts payable17/49€385,768€312,884€333,948€316,663€360,144▲ 13.7%
Amounts payable after more than one year17-€195,000€195,000€195,000€182,703▼ 6.3%
Financial debts170/4-€195,000€195,000€195,000€182,703▼ 6.3%
Amounts payable within one year42/48€366,646€101,781€122,844€109,043€157,429▲ 44.4%
Trade debts44€130,055€60,231€78,725€72,913€104,708▲ 43.6%
Suppliers440/4-€60,231€78,725€72,913€104,708▲ 43.6%
Taxes, remuneration and social security45-€39,771€40,390€30,451€45,152▲ 48.3%
Taxes450/3-€21,254€20,096€8,305€28,483▲ 243%
Remuneration and social security454/9-€18,517€20,294€22,146€16,669▼ 24.7%
Other amounts payable47/48-€1,779€3,729€5,679€7,568▲ 33.3%
Accrued charges and deferred income492/3-€16,103€16,104€12,620€20,012▲ 58.6%
Line20202021202220232024Change
Profit (loss) for the period9904-€7,138-€14,112-€45,575-€2,460-€132,729▼ 5,296%
+ Depreciation and write-downs630€28,382€26,055€32,394€27,907€40,357▲ 44.6%
Operating cash flow (approximation)€21,244€11,943-€13,181€25,447-€92,372▼ 463%
Investment in fixed assets (approximation)-€0-€31,712-€96,008-€1,982▲ 97.9%
Change in cash--€146,736€43,231-€106,323-€27,736▲ 73.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
01-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet -€132,729
Net result drops to -€132,729, the lowest in the series.
28-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
08-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Liquidity triplescurrent ratio 5.50
Current ratio from 1.69 to 5.50; short-term debt falls from €366,646 to €101,781.
01-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
07-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 7 days late
2019
25-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
04-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
6 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, Vorst · 1 establishment unit since 1975
seat establishment The establishment unit on the map
Ground area
1.4 ha
Building footprint
775 m²
Volume, LiDAR
3,927 m³
Parcel 21382C0272/00T000, Brussels · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
8 companies at this address See who is registered here
1 establishment unit
DAC-IMMO
Sint-Denijsstraat 157, 1190 VorstNACE 451
since 19752.011.003.604
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21382C0272/00T000 Brussels 1.4 ha 1 · 775 m² 6.9 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. DADITRA SALU 97.5%
  2. DAC - IMMO

Highest known parent: DADITRA SA (Luxembourg). The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of DAC - IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 5,245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded28-04-1975
Fiscal year end31-12
Activities, NACEBEL 2025
43343Specialised construction activities
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0415038353
Also 9925:BE0415038353
Registered 01-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.