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EQUAL IMMO

Active
Private limited company (pre-2019)founded 2015active for 10 yearsRue Aux Ruelles 74, 4041 Herstal, BelgiumKBO/BCE: BE 0644.437.415
Summary

The computed 12-month bankruptcy probability of EQUAL IMMO is 3.1% (moderate). The 2024 annual accounts show equity of €346,401 and a net result of €4,291. Equity remains stable across the filed financial years (±1.1% per year). Its solvency ranks better than 61% of 19,153 sector peers (NACE 68, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 26 October 2026.

Equity
€346,401▲ 1.3%
2023 · €342,110
Total assets
€758,773▼ 1.8%
2023 · €772,675
Net result
€4,291
2023 · -€842
Working capital
-€19,117▼ 27.4%
2023 · -€15,010
Trend over the years

2018 to 2024, 5 financial years 2018 to 2024, 5 financial years

The operating result rises in 2024; 2024 is 3.1 times 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.007m 2024 Net result€0.004m 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20182020202120232024
Operating result-€0.01m-€0.01m-€0.02m▲ 97.8%€0.002m-€0.007m▲ 209%
Net result-€0.02m-€0.008mwithin the sector's middle half-€0.02mwithin the sector's middle half▲ 152%-€0.001mwithin the sector's middle half-€0.004mwithin the sector's middle half
Equity€0.3m-€0.3mabove the sector's middle half-€0.3mabove the sector's middle half▲ 5.8%€0.3mabove the sector's middle half-€0.3mabove the sector's middle half▲ 1.3%
Total assets€1.0m-€0.7mwithin the sector's middle half-€0.8mwithin the sector's middle half▲ 8.4%€0.8mwithin the sector's middle half-€0.8mwithin the sector's middle half▼ 1.8%
Debt€0.7m-€0.4m-€0.5m▲ 10.4%€0.4m-€0.4m▼ 4.2%
Working capital-€0.7m--€0.02mwithin the sector's middle half--€0.01mwithin the sector's middle half▲ 35.4%-€0.02mwithin the sector's middle half--€0.02mwithin the sector's middle half▼ 27.4%
Solvency31.9%-44.4%within the sector's middle half-43.4%within the sector's middle half▼ 1.0pp44.3%within the sector's middle half-45.7%within the sector's middle half▲ 1.4pp
Current ratio0.07-0.35below the sector's middle half-0.60within the sector's middle half▲ 0.250.40within the sector's middle half-0.41within the sector's middle half▲ 0.01
Return on assets (ROA)-2.3%-1.0%within the sector's middle half-2.4%within the sector's middle half▲ 1.4pp-0.1%within the sector's middle half-0.6%within the sector's middle half▲ 0.7pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €758,773
Fixed assets €745,534 ▼ 2.2%
Current assets €13,238 ▲ 31.6%
Equity and liabilities €758,773
Equity €346,401 ▲ 1.3%
Debt €412,371 ▼ 4.2%
Debt's share of the balance-sheet total falls from 55.7% to 54.3%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€28,493▲
2023 · €23,743
Cash flow
€25,781▲
2023 · €20,635
Debt to equity
1.19▼
2023 · 1.26
ROE
1.2%▲
2023 · -0.2%
Interest coverage
10.51▲
2023 · 7.64
Debt ≤ 1 year
€32,356▲
2023 · €25,073
Debt > 1 year
€380,016▼
2023 · €405,491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 95.9% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.4% went bankrupt
3.6% stopped otherwise
95.9% still going

For this company itself Checked computes a higher bankruptcy probability: 3.1% 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 497,475 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% 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,049 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 · 31 lines
Balance sheet Code20232024
Assets
Total assets20/58€772,675€758,773▼
Fixed assets21/28€762,611€745,534▼
Tangible fixed assets22/27€762,611€745,534▼
Land and buildings22€762,611€745,534▼
Current assets29/58€10,063€13,238▲
Amounts receivable within one year40/41€0-
Other amounts receivable41€0-
Cash at bank and in hand54/58€10,063€13,238▲
Equity and liabilities
Total equity and liabilities10/49€772,675€758,773▼
Equity10/15€342,110€346,401▲
Contributions10/11€400,000€400,000=
Profit (loss) carried forward14-€57,890-€53,599▲
Amounts payable17/49€430,565€412,371▼
Amounts payable after more than one year17€405,491€380,016▼
Financial debts170/4€113,926€88,451▼
Other amounts payable178/9€291,565€291,565=
Amounts payable within one year42/48€25,073€32,356▲
Current portion of amounts payable after more than one year42€25,073€25,475▲
Trade debts44€0€6,880▲
Suppliers440/4€0€6,880▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,478€21,490▲
Other operating charges640/8€7,010€7,515▲
Gross operating margin9900€30,753€36,009▲
Operating profit (loss)9901€2,265€7,003▲
Financial charges65/66B€3,107€2,712▼
Recurring financial charges65€3,107€2,712▼
Profit (loss) for the period before taxes9903-€842€4,291▲
Profit (loss) for the period9904-€842€4,291▲
Profit (loss) for the period to be appropriated9905-€842€4,291▲
Appropriation of the result
Profit (loss) to be appropriated9906-€57,890-€53,599▲
Profit (loss) brought forward from the previous period14P-€57,047-€57,890▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182020202120232024Change
Goods, raw materials, services and sundry goods60/61-€5,077€2,373---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,812€14,030€17,012€21,478€21,490▲ 0.1%
Other operating charges640/8-€220-€7,010€7,515▲ 7.2%
Gross operating margin9900-€3,554€25,454€39,175€30,753€36,009▲ 17.1%
Operating profit (loss)9901-€9,714€11,204€22,163€2,265€7,003▲ 209%
Financial charges65/66B-€3,670€3,181€3,107€2,712▼ 12.7%
Recurring financial charges65€13,666€3,670€3,181€3,107€2,712▼ 12.7%
Profit (loss) for the period before taxes9903-€23,380€7,533€18,982-€842€4,291-
Profit (loss) for the period9904-€23,380€7,533€18,982-€842€4,291-
Profit (loss) for the period to be appropriated9905-€23,380€7,533€18,982-€842€4,291-
Line20182020202120232024Change
Assets
Total assets20/58€1.0m€0.7m€0.8m€0.8m€0.8m▼ 1.8%
Fixed assets21/28€1.0m€0.7m€0.8m€0.8m€0.7m▼ 2.2%
Tangible fixed assets22/27€1.0m€0.7m€0.8m€0.8m€0.7m▼ 2.2%
Land and buildings22-€0.7m€0.8m€0.8m€0.7m▼ 2.2%
Current assets29/58€0.05m€0.009m€0.02m€0.01m€0.01m▲ 31.6%
Amounts receivable within one year40/41€0.05m€0€0€0--
Other amounts receivable41-€0€0€0--
Cash at bank and in hand54/58€0.001m€0.009m€0.02m€0.01m€0.01m▲ 31.6%
Deferred charges and accrued income490/1-€415€0.001m---
Equity and liabilities
Total equity and liabilities10/49€1.0m€0.7m€0.8m€0.8m€0.8m▼ 1.8%
Equity10/15€0.3m€0.3m€0.3m€0.3m€0.3m▲ 1.3%
Contributions10/11€0.4m€0.4m€0.4m€0.4m€0.4m=
Capital10-€0.4m€0.4m---
Issued capital100-€0.4m€0.4m---
Profit (loss) carried forward14-€0.07m-€0.07m-€0.05m-€0.06m-€0.05m▲ 7.4%
Amounts payable17/49€0.7m€0.4m€0.5m€0.4m€0.4m▼ 4.2%
Amounts payable after more than one year17-€0.4m€0.4m€0.4m€0.4m▼ 6.3%
Financial debts170/4-€0.4m€0.4m€0.1m€0.09m▼ 22.4%
Other amounts payable178/9-€0.006m€0.006m€0.3m€0.3m=
Amounts payable within one year42/48€0.7m€0.03m€0.03m€0.03m€0.03m▲ 29.0%
Current portion of amounts payable after more than one year42-€0.02m€0.03m€0.03m€0.03m▲ 1.6%
Trade debts44€0.01m€0.001m€0.001m€0€0.007m-
Suppliers440/4-€0.001m€0.001m€0€0.007m-
Line20182020202120232024Change
Profit (loss) for the period9904-€23,380€7,533€18,982-€842€4,291-
+ Depreciation and write-downs630€5,812€14,030€17,012€21,478€21,490▲ 0.1%
Operating cash flow (approximation)-€17,568€21,563€35,994€20,635€25,781▲ 24.9%
Investment in fixed assets (approximation)---€71,460--€4,413-
Change in cash--€6,561-€3,175-

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

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference
31-12-2024 micro format 31-10-2025 2025-00564719
31-12-2023 micro format 09-10-2024 2024-00502030
31-12-2021 micro format 05-06-2023 2023-00112684
31-12-2020 micro format 05-06-2023 2023-00112685
31-12-2018 micro format 30-09-2019 2019-66600080
31-12-2017 micro format 24-08-2018 2018-49400454
31-12-2016 full format 31-07-2017 2017-37700426

Similar companies · same sector, comparable size

Of the 3,677 active companies whose main activity is property management for co-owned buildings (syndics) (NACE 68321), figures are known for 1,394. 945 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.