Detect'Immo
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-05-2026 PDF all 32 filings
Equity
€3,793▼ 4.8%
2024 · €3,986
Total assets
€24,381▲ 1.3%
2024 · €24,071
Net result
-€193▲ 63.8%
2024 · -€533
Working capital
€12,487▼ 1.5%
2024 · €12,680
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€143
▲ 69.6%
2025
20182025
Net result
-€193
▲ 63.8%
2025
middle half of the sector
20182025
Equity
€3,793
▼ 4.8%
2025
lowest quarter of the sector
20182025
Total assets
€24,381
▲ 1.3%
2025
lowest quarter of the sector
20182025
Debt
€11,832
▲ 4.4%
2025
20182025
Working capital
€12,487
▼ 1.5%
2025
middle half of the sector
20182025
Solvency
15.6%
▼ 1.0pp
2025
middle half of the sector
20182025
Current ratio
2.06
▼ 0.06
2025
middle half of the sector
20182025
Return on assets (ROA)
-0.8%
▲ 1.4pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€4,398--€2,069€25,057€2,332▼ 90.7%-€1,445€2,511-€471-€143▲ 69.6%
Net result€4,386--€2,081€18,597within the sector's middle half€8,773within the sector's middle half▼ 52.8%-€1,460within the sector's middle half-€544within the sector's middle half▲ 62.7%-€533within the sector's middle half▲ 2.0%-€193within the sector's middle half▲ 63.8%
Equity-€18,766--€20,847▼ 11.1%-€2,250below the sector's middle half▲ 89.2%€6,523below the sector's middle half€5,063below the sector's middle half▼ 22.4%€4,519below the sector's middle half▼ 10.7%€3,986below the sector's middle half▼ 11.8%€3,793below the sector's middle half▼ 4.8%
Total assets€15,769-€22,560▲ 43.1%€47,472below the sector's middle half▲ 110%€49,715below the sector's middle half▲ 4.7%€25,687below the sector's middle half▼ 48.3%€22,585below the sector's middle half▼ 12.1%€24,071below the sector's middle half▲ 6.6%€24,381below the sector's middle half▲ 1.3%
Debt€25,779-€34,651▲ 34.4%€40,966▲ 18.2%€34,436▼ 15.9%€11,868▼ 65.5%€9,310▼ 21.6%€11,329▲ 21.7%€11,832▲ 4.4%
Working capital-€10,072--€12,153▼ 20.7%€4,884within the sector's middle half€14,047within the sector's middle half▲ 188%€12,977within the sector's middle half▼ 7.6%€12,823within the sector's middle half▼ 1.2%€12,680within the sector's middle half▼ 1.1%€12,487within the sector's middle half▼ 1.5%
Solvency-119.0%--92.4%▲ 26.6pp-4.7%below the sector's middle half▲ 87.7pp13.1%within the sector's middle half▲ 17.9pp19.7%within the sector's middle half▲ 6.6pp20.0%within the sector's middle half▲ 0.3pp16.6%within the sector's middle half▼ 3.4pp15.6%within the sector's middle half▼ 1.0pp
Current ratio0.61-0.65▲ 0.041.12within the sector's middle half▲ 0.471.41within the sector's middle half▲ 0.292.09within the sector's middle half▲ 0.692.38within the sector's middle half▲ 0.282.12within the sector's middle half▼ 0.262.06within the sector's middle half▼ 0.06
Return on assets (ROA)27.8%--9.2%▼ 37.0pp39.2%above the sector's middle half▲ 48.4pp17.6%above the sector's middle half▼ 21.5pp-5.7%below the sector's middle half▼ 23.3pp-2.4%within the sector's middle half▲ 3.3pp-2.2%within the sector's middle half▲ 0.2pp-0.8%within the sector's middle half▲ 1.4pp
Staff (FTE)0.40.4below the sector's middle half=1▲ 150%
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €143, smaller than the loss of €471 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24,381
Fixed assets
€62 =
Current assets
€24,319 ▲ 1.3%
Equity and liabilities €24,381
Equity
€3,793 ▼ 4.8%
Provisions
€8,756 =
Debt
€11,832 ▲ 4.4%
Debt's share of the balance-sheet total rises from 47.1% to 48.5%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
3.12▲
2024 · 2.84
ROE
-5.1%▲
2024 · -13.4%
Debt ≤ 1 year
€11,832▲
2024 · €11,329
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.4 |
| Average over the year, in full-time equivalents | 0.4 |
Source: social balance sheet in the 2021 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €27,890 | €8,108 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €390 | €390 | €390 | €390 | €390 | - | - |
| Gross operating margin9900 | €4,398 | €7,995 | €53,539 | €30,612 | €7,053 | €2,901 | -€81 | -€143 | ▼ 76.5% |
| Operating profit (loss)9901 | €4,398 | -€2,069 | €25,057 | €2,332 | -€1,445 | €2,511 | -€471 | -€143 | ▲ 69.6% |
| Financial charges65/66B | - | - | - | €9 | €15 | €65 | €62 | €50 | ▼ 19.4% |
| Recurring financial charges65 | €12 | €12 | €10 | €9 | €15 | €65 | €62 | €50 | ▼ 19.4% |
| Profit (loss) for the period before taxes9903 | €4,386 | -€2,081 | €25,047 | €2,323 | -€1,460 | €2,446 | -€533 | -€193 | ▲ 63.8% |
| Income taxes67/77 | - | - | €6,450 | -€6,450 | - | €2,990 | - | - | - |
| Profit (loss) for the period9904 | €4,386 | -€2,081 | €18,597 | €8,773 | -€1,460 | -€544 | -€533 | -€193 | ▲ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €4,386 | -€2,081 | €18,597 | €8,773 | -€1,460 | -€544 | -€533 | -€193 | ▲ 63.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €15,769 | €22,560 | €47,472 | €49,715 | €25,687 | €22,585 | €24,071 | €24,381 | ▲ 1.3% |
| Fixed assets21/28 | €62 | €62 | €1,622 | €1,232 | €842 | €452 | €62 | €62 | = |
| Tangible fixed assets22/27 | - | - | €1,560 | €1,170 | €780 | €390 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,170 | €780 | €390 | - | - | - |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | €62 | = |
| Current assets29/58 | €15,707 | €22,498 | €45,850 | €48,483 | €24,845 | €22,133 | €24,009 | €24,319 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €14,075 | €22,180 | €43,512 | €37,834 | €21,811 | €21,639 | €19,203 | €22,427 | ▲ 16.8% |
| Trade receivables40 | - | - | - | €24,402 | €9,244 | €12,794 | €11,648 | €15,472 | ▲ 32.8% |
| Other amounts receivable41 | - | - | - | €13,432 | €12,567 | €8,845 | €7,555 | €6,955 | ▼ 7.9% |
| Cash at bank and in hand54/58 | €1,632 | €318 | €2,338 | €10,649 | €3,034 | €494 | €4,806 | €1,892 | ▼ 60.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €15,769 | €22,560 | €47,472 | €49,715 | €25,687 | €22,585 | €24,071 | €24,381 | ▲ 1.3% |
| Equity10/15 | -€18,766 | -€20,847 | -€2,250 | €6,523 | €5,063 | €4,519 | €3,986 | €3,793 | ▼ 4.8% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | - | - | - | €18,592 | €18,592 | - | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | €18,592 | €18,592 | €18,592 | = |
| Share premium1100/10 | - | - | - | - | - | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €17,604 | €17,604 | €18,864 | €18,864 | €18,864 | €18,864 | €18,864 | €18,864 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | €17,004 | €17,004 | €17,004 | €17,004 | €17,004 | = |
| Profit (loss) carried forward14 | -€54,962 | -€57,043 | -€39,706 | -€30,933 | -€32,393 | -€32,937 | -€33,470 | -€33,663 | ▼ 0.6% |
| Provisions and deferred taxes16 | €8,756 | €8,756 | €8,756 | €8,756 | €8,756 | €8,756 | €8,756 | €8,756 | = |
| Deferred taxes168 | - | - | - | €8,756 | €8,756 | €8,756 | €8,756 | €8,756 | = |
| Amounts payable17/49 | €25,779 | €34,651 | €40,966 | €34,436 | €11,868 | €9,310 | €11,329 | €11,832 | ▲ 4.4% |
| Amounts payable within one year42/48 | €25,779 | €34,651 | €40,966 | €34,436 | €11,868 | €9,310 | €11,329 | €11,832 | ▲ 4.4% |
| Trade debts44 | €2,861 | €3,644 | €15,778 | €15,518 | €11,450 | €8,892 | €10,911 | €11,414 | ▲ 4.6% |
| Suppliers440/4 | - | - | - | €15,518 | €11,450 | €8,892 | €10,911 | €11,414 | ▲ 4.6% |
| Taxes, remuneration and social security45 | - | - | - | €1,000 | - | - | - | - | - |
| Remuneration and social security454/9 | - | - | - | €1,000 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €17,918 | €418 | €418 | €418 | €418 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,386 | -€2,081 | €18,597 | €8,773 | -€1,460 | -€544 | -€533 | -€193 | ▲ 63.8% |
| + Depreciation and write-downs630 | - | - | €390 | €390 | €390 | €390 | €390 | - | - |
| Operating cash flow (approximation) | €4,386 | -€2,081 | €18,987 | €9,163 | -€1,070 | -€154 | -€143 | -€193 | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | €0 | -€1,950 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,314 | €2,020 | €8,311 | -€7,615 | -€2,540 | €4,312 | -€2,914 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,450 companies had the same profile as Detect'Immo has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
93.3%
was still going
5.1%
stopped otherwise
1.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Detect'Immo itself is lower: 0.1% within 12 months. It rests on far more data about Detect'Immo than the profile alone.
Test of the method
The method was tested on the 497,446 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 2,450 companies, not a prediction for Detect'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.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-05-2026 | 2026-00109937 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00117245 | |
| 31-12-2023 | micro format | 14-05-2024 | 2024-00086710 | |
| 31-12-2022 | micro format | 13-06-2023 | 2023-00121589 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20121390 | |
| 31-12-2020 | micro format | 25-07-2021 | 2021-40400420 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38500079 | |
| 31-12-2018 | micro format | 16-07-2019 | 2019-33600324 | |
| 31-12-2017 | micro format | 24-06-2018 | 2018-22100541 | |
| 31-12-2016 | full format | 11-07-2017 | 2017-30500034 |