EPIMMO
ActiveSummary
EPIMMO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €382k and a net result of €-118k. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-72
Solvency63▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.99 in 2023; short-term debt: 42.7% and cash: 11.1% of total assets), but 61.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
38.1%
Return on assets
-11.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
61 d late
2021
61 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€382k▼ 23.6%
2023 · €500k
2018: €187klowest in 7 years
2019: €211k▲ +12.7% vs 2018
2020: €432k▲ +104% vs 2019
2021: €365k▼ -15.4% vs 2020
2022: €428k▲ +17.1% vs 2021
2023: €500k▲ +16.9% vs 2022highest in 7 years
2024: €382k▼ -23.6% vs 2023
2018 → 2024
Total assets
€1.00M▼ 18.9%
2023 · €1.24M
2018: €745klowest in 7 years
2019: €844k▲ +13.3% vs 2018
2020: €1.31M▲ +55.5% vs 2019highest in 7 years
2021: €1.03M▼ -21.5% vs 2020
2022: €1.15M▲ +11.4% vs 2021
2023: €1.24M▲ +7.7% vs 2022
2024: €1.00M▼ -18.9% vs 2023
2018 → 2024
Net result
€-118k
2023 · €72k
2018: €64k
2019: €35k▼ -44.5% vs 2018
2020: €230k▲ +550% vs 2019highest in 7 years
2021: €144k▼ -37.7% vs 2020
2022: €62k▼ -56.5% vs 2021
2023: €72k▲ +15.9% vs 2022
2024: €-118k▼ -263% vs 2023lowest in 7 years
2018 → 2024
Working capital
€513k▼ 10.8%
2023 · €575k
2018: €58klowest in 7 years
2019: €246k▲ +323% vs 2018
2020: €550k▲ +124% vs 2019
2021: €454k▼ -17.4% vs 2020
2022: €492k▲ +8.3% vs 2021
2023: €575k▲ +16.8% vs 2022highest in 7 years
2024: €513k▼ -10.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€432k-€365k▼ 15.4%€428k▲ 17.1%€500k▲ 16.9%€382k▼ 23.6%
2020: €432k
2021: €365k▼ -15.4% vs 2020lowest in 5 years
2022: €428k▲ +17.1% vs 2021
2023: €500k▲ +16.9% vs 2022highest in 5 years
2024: €382k▼ -23.6% vs 2023
Operating result€312k-€189k▼ 39.5%€87k▼ 53.8%€102k▲ 16.4%€-120k
2020: €312khighest in 5 years
2021: €189k▼ -39.5% vs 2020
2022: €87k▼ -53.8% vs 2021
2023: €102k▲ +16.4% vs 2022
2024: €-120k▼ -218% vs 2023lowest in 5 years
Net result€230k-€144k▼ 37.7%€62k▼ 56.5%€72k▲ 15.9%€-118k
2020: €230khighest in 5 years
2021: €144k▼ -37.7% vs 2020
2022: €62k▼ -56.5% vs 2021
2023: €72k▲ +15.9% vs 2022
2024: €-118k▼ -263% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €120k after €102k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.00M
Fixed assets
€63k ▼ 22.8%
Current assets
€941k ▼ 18.7%
Equity and liabilities €1.00M
Equity
€382k ▼ 23.6%
Debt
€622k ▼ 15.8%
Debt's share of the balance-sheet total rises from 59.6% to 61.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-81k▼
2023 · €136k
Cash flow
€-79k▼
2023 · €107k
Current ratio
2.20▲
2023 · 1.99
Debt to equity
1.63▲
2023 · 1.48
ROE
-30.8%▼
2023 · 14.5%
ROA
-11.7%▼
2023 · 5.8%
Interest coverage
-17.87▼
2023 · 19.42
Debt ≤ 1 year
€428k▼
2023 · €582k
Debt > 1 year
€188k▲
2023 · €70k
Income taxes
€336▼
2023 · €23k
Staff costs
€18k▼
2023 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 58 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.24M€1.00M▼
Fixed assets21/28€81k€63k▼
Intangible fixed assets21€53k€41k▼
Tangible fixed assets22/27€28k€22k▼
Furniture and vehicles24€28k€22k▼
Financial fixed assets28€372€372=
Current assets29/58€1.16M€941k▼
Amounts receivable after more than one year29€315k€310k▼
Other amounts receivable291€315k€310k▼
Amounts receivable within one year40/41€772k€503k▼
Trade receivables40€476k€384k▼
Other amounts receivable41€295k€119k▼
Current investments50/53€4k-
Cash at bank and in hand54/58€51k€112k▲
Deferred charges and accrued income490/1€16k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.00M▼
Equity10/15€500k€382k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€139k€139k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€490€490=
Distributable reserves133€123k€123k=
Profit (loss) carried forward14€261k€143k▼
Amounts payable17/49€738k€622k▼
Amounts payable after more than one year17€70k€188k▲
Other amounts payable178/9€70k€188k▲
Amounts payable within one year42/48€582k€428k▼
Financial debts43€6k€3k▼
Credit institutions430/8€6k€3k▼
Trade debts44€257k€208k▼
Suppliers440/4€257k€208k▼
Taxes, remuneration and social security45€76k€25k▼
Taxes450/3€72k€25k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€243k€193k▼
Accrued charges and deferred income492/3€86k€5k▼
Income statement
Code20232024
Remuneration, social security and pensions62€80k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€39k▲
Other operating charges640/8€2k€7k▲
Non-recurring operating charges66A€614-
Gross operating margin9900€219k€-57k▼
Operating profit (loss)9901€102k€-120k▼
Financial income75/76B€612€7k▲
Recurring financial income75€612€7k▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€95k€-117k▼
Income taxes67/77€23k€336▼
Profit (loss) for the period9904€72k€-118k▼
Profit (loss) for the period to be appropriated9905€72k€-118k▼
Appropriation of the result
Profit (loss) to be appropriated9906€263k€143k▼
Profit (loss) brought forward from the previous period14P€191k€261k▲
Transfer to equity691/2€2k-
To other reserves6921€2k-
Social balance
Average headcount (FTE)90871.60.8▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €69k | €61k | €80k | €18k | ▼ 77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €10k | €17k | €34k | €39k | ▲ 13.0% |
| Other operating charges640/8 | - | €6k | €2k | €2k | €7k | ▲ 199% |
| Non-recurring operating charges66A | - | €166 | €4k | €614 | - | - |
| Gross operating margin9900 | €362k | €275k | €171k | €219k | €-57k | ▼ 126% |
| Operating profit (loss)9901 | €312k | €189k | €87k | €102k | €-120k | ▼ 218% |
| Financial income75/76B | - | €231 | €559 | €612 | €7k | ▲ 1,086% |
| Recurring financial income75 | €355 | €231 | €559 | €612 | €7k | ▲ 1,086% |
| Financial charges65/66B | - | €4k | €5k | €7k | €5k | ▼ 35.1% |
| Recurring financial charges65 | €4k | €4k | €5k | €7k | €5k | ▼ 35.1% |
| Profit (loss) for the period before taxes9903 | €308k | €185k | €83k | €95k | €-117k | ▼ 223% |
| Income taxes67/77 | €78k | €41k | €20k | €23k | €336 | ▼ 98.5% |
| Profit (loss) for the period9904 | €230k | €144k | €62k | €72k | €-118k | ▼ 263% |
| Profit (loss) for the period to be appropriated9905 | €230k | €144k | €62k | €72k | €-118k | ▼ 263% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.31M | €1.03M | €1.15M | €1.24M | €1.00M | ▼ 18.9% |
| Fixed assets21/28 | €16k | €47k | €77k | €81k | €63k | ▼ 22.8% |
| Intangible fixed assets21 | - | - | €34k | €53k | €41k | ▼ 23.8% |
| Tangible fixed assets22/27 | €15k | €46k | €42k | €28k | €22k | ▼ 21.2% |
| Furniture and vehicles24 | - | €46k | €42k | €28k | €22k | ▼ 21.2% |
| Financial fixed assets28 | €372 | €372 | €372 | €372 | €372 | = |
| Current assets29/58 | €1.30M | €985k | €1.07M | €1.16M | €941k | ▼ 18.7% |
| Amounts receivable after more than one year29 | - | €380k | €365k | €315k | €310k | ▼ 1.5% |
| Other amounts receivable291 | - | €380k | €365k | €315k | €310k | ▼ 1.5% |
| Amounts receivable within one year40/41 | €586k | €540k | €596k | €772k | €503k | ▼ 34.8% |
| Trade receivables40 | - | €321k | €368k | €476k | €384k | ▼ 19.4% |
| Other amounts receivable41 | - | €219k | €228k | €295k | €119k | ▼ 59.6% |
| Current investments50/53 | €90k | €2k | €3k | €4k | - | - |
| Cash at bank and in hand54/58 | €165k | €47k | €89k | €51k | €112k | ▲ 121% |
| Deferred charges and accrued income490/1 | - | €17k | €20k | €16k | €17k | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.31M | €1.03M | €1.15M | €1.24M | €1.00M | ▼ 18.9% |
| Equity10/15 | €432k | €365k | €428k | €500k | €382k | ▼ 23.6% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | €100k | €100k | €100k | €100k | = |
| Issued capital100 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €131k | €134k | €137k | €139k | €139k | = |
| Non-distributable reserves130/1 | - | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | - | €15k | €15k | €15k | €15k | = |
| Tax-exempt reserves132 | - | €490 | €490 | €490 | €490 | = |
| Distributable reserves133 | - | €119k | €121k | €123k | €123k | = |
| Profit (loss) carried forward14 | €201k | €131k | €191k | €261k | €143k | ▼ 45.1% |
| Amounts payable17/49 | €882k | €666k | €722k | €738k | €622k | ▼ 15.8% |
| Amounts payable after more than one year17 | €62k | €62k | €62k | €70k | €188k | ▲ 170% |
| Other amounts payable178/9 | - | €62k | €62k | €70k | €188k | ▲ 170% |
| Amounts payable within one year42/48 | €748k | €531k | €581k | €582k | €428k | ▼ 26.4% |
| Financial debts43 | - | €7k | €14k | €6k | €3k | ▼ 43.1% |
| Credit institutions430/8 | - | €7k | €14k | €6k | €3k | ▼ 43.1% |
| Trade debts44 | €240k | €199k | €184k | €257k | €208k | ▼ 19.3% |
| Suppliers440/4 | - | €199k | €184k | €257k | €208k | ▼ 19.3% |
| Taxes, remuneration and social security45 | - | €128k | €72k | €76k | €25k | ▼ 67.5% |
| Taxes450/3 | - | €120k | €64k | €72k | €25k | ▼ 65.8% |
| Remuneration and social security454/9 | - | €8k | €8k | €4k | - | - |
| Other amounts payable47/48 | - | €197k | €312k | €243k | €193k | ▼ 20.8% |
| Accrued charges and deferred income492/3 | - | €74k | €79k | €86k | €5k | ▼ 93.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €230k | €144k | €62k | €72k | €-118k | ▼ 263% |
| + Depreciation and write-downs630 | €3k | €10k | €17k | €34k | €39k | ▲ 13.0% |
| Operating cash flow (approximation) | €233k | €154k | €79k | €107k | €-79k | ▼ 174% |
| Investment in fixed assets (approximation) | - | €-41k | €-47k | €-39k | €-20k | ▲ 48.1% |
| Change in cash | - | €-119k | €42k | €-38k | €61k | ▲ 260% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-118k
Net result drops to €-118k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Equity above €500kEq €500k ▲16.9%
6 profitable years in a row build equity to €500k.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €230k ▲550%
Operating result €312k, net result €230k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
31-12
Financial
Equity above €200kEq €211k ▲12.7%
2 profitable years in a row build equity to €211k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 1992
Ground area
891 m²
Building footprint
543 m²
Volume, LiDAR
11,117 m³
Parcel 21673D0145/00G006, Brussels · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
37
companies at this address
See who is registered here
1 establishment unit
EPIMMO
since 19922.059.696.416
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0145/00G006 | Brussels | 891 m² | 1 · 543 m² | 29.4 m · 8 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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,795 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
Founded09-11-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
46321Wholesale of meat and meat products, excluding game and poultry
47221Retail sale of meat and meat products, excluding game and poultry
Scores and ratios are computed by Checked and are not a credit decision.