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DRACO IMMO

Active
Private limited companyfounded 20215 yrs activeRue Joseph Deflandre 160, 4053 Chaudfontaine, BelgiumKBO/BCE: BE 0771.729.723
Summary

DRACO IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€88,856) and a net result of -€28,218. Equity is shrinking by ~98.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 4835 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability17▲+2
Solvency20▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.47 against 1.55 in 2023; short-term debt: 67.9% and cash: 0% of total assets), and equity is negative.
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Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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
-4.8%
Return on assets
-1.5%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€88,856
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
20 d late
2023
49 d late
2022
58 d late
2021
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 47 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 (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

DRACO IMMO was incorporated on 27 July 2021 as a Private limited company.1 Total assets rose from EUR 1,927 in 2021 to EUR 1.8 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 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
-€28,218▲ 54.2%
2023 · -€61,570
Working capital
€593,166▼ 9.8%
2023 · €657,852
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result-€445--€570▼ 28.1%-€1,531▼ 169%-€2,100▼ 37.2%
Net result-€461within the sector's middle half--€607within the sector's middle half▼ 31.7%-€61,570below the sector's middle half▼ 10,046%-€28,218within the sector's middle half▲ 54.2%
Equity€1,539below the sector's middle half-€932below the sector's middle half▼ 39.4%-€60,637below the sector's middle half-€88,856below the sector's middle half▼ 46.5%
Total assets€1,927below the sector's middle half-€1,539below the sector's middle half▼ 20.1%€1.9mwithin the sector's middle half▲ 120,769%€1.8mwithin the sector's middle half▼ 0.6%
Debt€388-€607▲ 56.6%€1.9m▲ 316,434%€1.9m▲ 0.9%
Working capital€538within the sector's middle half-€151within the sector's middle half▼ 72.0%€657,852within the sector's middle half▲ 437,011%€593,166within the sector's middle half▼ 9.8%
Solvency-3.3%below the sector's middle half-4.8%below the sector's middle half▼ 1.5pp
Current ratio1.55within the sector's middle half1.47within the sector's middle half▼ 0.07
Return on assets (ROA)-3.3%below the sector's middle half-1.5%within the sector's middle half▲ 1.8pp
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
-€80,000-€60,000-€40,000-€20,000€0Operating result 2021: -€445-€445Net result 2021: -€461-€461Operating result 2022: -€570-€570Net result 2022: -€607-€607Operating result 2023: -€1,531-€1,531Net result 2023: -€61,570-€61,570Operating result 2024: -€2,100-€2,100Net result 2024: -€28,218-€28,2182021202220232024-€80,000-€60,000-€40,000-€20,000€0Operating result 2022: -€570-€570Net result 2022: -€607-€607Operating result 2023: -€1,531-€1,530Net result 2023: -€61,570-€61,600Operating result 2024: -€2,100-€2,100Net result 2024: -€28,218-€28,200202220232024
The operating result stays negative: a loss of €2,100 in 2024 against €1,531 in 2023; the loss grows and 2024 has the lowest result in the available series.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€1,880▼
2023 · -€1,311
Cash flow
-€27,999▲
2023 · -€61,350
Quick ratio
0.80▼
2023 · 0.85
Interest coverage
-0.03▼
2023 · -0.01
Debt ≤ 1 year
€1.3m▲
2023 · €1.2m
Debt > 1 year
€650,000=
2023 · €650,000
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a small loss
2.0% went bankrupt
2.8% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 1,167 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 · 42 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.9m€1.8m▼
Formation expenses20€562€342▼
Current assets29/58€1.9m€1.8m▼
Amounts receivable after more than one year29€879,898€922,048▲
Other amounts receivable291€879,898€922,048▲
Stocks and contracts in progress3€842,542€842,542=
Stocks30/36€842,542€842,542=
Amounts receivable within one year40/41€135,179€82,311▼
Trade receivables40€0-
Other amounts receivable41€135,179€82,311▼
Cash at bank and in hand54/58€1,153€427▼
Deferred charges and accrued income490/1€1,421€1,421=
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.8m▼
Equity10/15-€60,637-€88,856▼
Contributions10/11€2,000€2,000=
Profit (loss) carried forward14-€62,637-€90,856▼
Amounts payable17/49€1.9m€1.9m▲
Amounts payable after more than one year17€650,000€650,000=
Other amounts payable178/9€650,000€650,000=
Amounts payable within one year42/48€1.2m€1.3m▲
Financial debts43€1.2m€1.2m▲
Credit institutions430/8€1.2m€1.2m▲
Trade debts44€855€1,945▲
Suppliers440/4€855€1,945▲
Taxes, remuneration and social security45€107€0▼
Taxes450/3€107€0▼
Other amounts payable47/48€36,379€79,129▲
Accrued charges and deferred income492/3€69,052€32,363▼
Income statement Code20232024
Goods, raw materials, services and sundry goods60/61€706€1,288▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220€220=
Other operating charges640/8€605€592▼
Gross operating margin9900-€706-€1,288▼
Operating profit (loss)9901-€1,531-€2,100▼
Financial income75/76B€40,184€44,670▲
Recurring financial income75€40,184€44,670▲
Financial charges65/66B€100,223€70,789▼
Recurring financial charges65€100,223€70,789▼
Profit (loss) for the period before taxes9903-€61,570-€28,218▲
Profit (loss) for the period9904-€61,570-€28,218▲
Profit (loss) for the period to be appropriated9905-€61,570-€28,218▲
Appropriation of the result
Profit (loss) to be appropriated9906-€62,637-€90,856▼
Profit (loss) brought forward from the previous period14P-€1,068-€62,637▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Goods, raw materials, services and sundry goods60/61-€502€706€1,288▲ 82.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97€220€220€220=
Other operating charges640/8€348-€605€592▼ 2.0%
Gross operating margin9900€0-€350-€706-€1,288▼ 82.3%
Operating profit (loss)9901-€445-€570-€1,531-€2,100▼ 37.2%
Financial income75/76B--€40,184€44,670▲ 11.2%
Recurring financial income75--€40,184€44,670▲ 11.2%
Financial charges65/66B€16€37€100,223€70,789▼ 29.4%
Recurring financial charges65€16€37€100,223€70,789▼ 29.4%
Profit (loss) for the period before taxes9903-€461-€607-€61,570-€28,218▲ 54.2%
Profit (loss) for the period9904-€461-€607-€61,570-€28,218▲ 54.2%
Profit (loss) for the period to be appropriated9905-€461-€607-€61,570-€28,218▲ 54.2%
Line2021202220232024Change
Assets
Total assets20/58€1,927€1,539€1.9m€1.8m▼ 0.6%
Formation expenses20€1,002€782€562€342▼ 39.1%
Current assets29/58€925€758€1.9m€1.8m▼ 0.6%
Amounts receivable after more than one year29--€879,898€922,048▲ 4.8%
Other amounts receivable291--€879,898€922,048▲ 4.8%
Stocks and contracts in progress3--€842,542€842,542=
Stocks30/36--€842,542€842,542=
Amounts receivable within one year40/41€244€660€135,179€82,311▼ 39.1%
Trade receivables40--€0--
Other amounts receivable41€244€660€135,179€82,311▼ 39.1%
Cash at bank and in hand54/58€682€97€1,153€427▼ 63.0%
Deferred charges and accrued income490/1--€1,421€1,421=
Equity and liabilities
Total equity and liabilities10/49€1,927€1,539€1.9m€1.8m▼ 0.6%
Equity10/15€1,539€932-€60,637-€88,856▼ 46.5%
Contributions10/11€2,000€2,000€2,000€2,000=
Profit (loss) carried forward14-€461-€1,068-€62,637-€90,856▼ 45.1%
Amounts payable17/49€388€607€1.9m€1.9m▲ 0.9%
Amounts payable after more than one year17--€650,000€650,000=
Other amounts payable178/9--€650,000€650,000=
Amounts payable within one year42/48€388€607€1.2m€1.3m▲ 4.4%
Financial debts43--€1.2m€1.2m▲ 0.8%
Credit institutions430/8--€1.2m€1.2m▲ 0.8%
Trade debts44€348€607€855€1,945▲ 128%
Suppliers440/4€348€607€855€1,945▲ 128%
Taxes, remuneration and social security45€40€0€107€0▼ 100%
Taxes450/3€40€0€107€0▼ 100%
Other amounts payable47/48--€36,379€79,129▲ 118%
Accrued charges and deferred income492/3--€69,052€32,363▼ 53.1%
Line2021202220232024Change
Profit (loss) for the period9904-€461-€607-€61,570-€28,218▲ 54.2%
+ Depreciation and write-downs630€97€220€220€220=
Operating cash flow (approximation)-€363-€387-€61,350-€27,999▲ 54.4%
Change in cash--€584€1,056-€726▼ 169%

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
20-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
18-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 49 days late
2023
31-12
Financial Weakest financial yearnet -€61,570
Net result drops to -€61,570, the lowest in the series; recovery starts the following year.
27-09
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 58 days late
2022
30-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Chaudfontaine · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,237 m²
Building footprint
367 m²
Volume, LiDAR
2,948 m³
Parcel 62030A0196/00R000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
30 companies at this address See who is registered here
1 establishment unit
DRACO IMMO
Rue Joseph Deflandre 160, 4053 ChaudfontaineReal estate development
since 20212.324.621.034
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62030A0196/00R000 Wallonia 1,237 m² 1 · 367 m² 10.4 m · 3 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. "MELOTTE GROUP" 100%
  2. DRACO IMMO

Highest known parent: "MELOTTE GROUP". The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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 and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,695 companies in this sector we hold annual accounts for 7,393. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded27-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0771729723
Also 9925:BE0771729723
Registered 23-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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