Public limited company · founded 1947 · 78 yrs activeGustave Demeylaan 66, 1160 Oudergem, BelgiumKBO/BCE: BE 0402.074.601
Summary
F-IMMO has been active since 1947 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €30,368. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 95% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability44▼-4
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.2%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
short-term debt: 0.2% and cash: 0.2% of total assets, and 0.2% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 81 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 (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
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
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 24 December 1947, F-IMMO was incorporated.1The registered office moved to Wauthier Braine in 2007 and to Bruxelles in 2012.23A capital increase in 2011 brought the capital to EUR 1 million.4In 2012 the company took the name F-IMMO.3Of the 3 current board members, Christophe VAN OPHEM has served longest, since 2016.5Revenue went from EUR 7.4 million in 2018 to EUR 47,528 in 2025.6
Working capital€1.2m=€1.1m▼ 1.2%€1.2m▲ 1.0%€1.2m▲ 4.4%€1.2m▼ 1.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 38% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.2m
99.8%
Equity€1.2m ▼ 1.5%
Debt€1,948 ▼ 61.2%
Debt's share of the balance-sheet total falls from 0.4% to 0.2%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.00▼
2024 · 0.00
ROE
2.6%▼
2024 · 4.2%
ROA
2.6%▼
2024 · 4.2%
Debt ≤ 1 year
€1,948▼
2024 · €5,020
A ratio outside any meaningful range has been withheld (balance sheet total €1.2m, equity €1.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
0.2%went bankrupt
3.5%stopped otherwise
96%still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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 14,684 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 accountsAs filed with the NBB · 2025 against 2024 · 40 lines
Balance sheetCode20242025
Assets
Total assets20/58€1.2m€1.2m▼
Current assets29/58€1.2m€1.2m▼
Stocks and contracts in progress3€693,469€691,100▼
Stocks30/36€693,469€691,100▼
Property held for sale35€693,469€691,100▼
Amounts receivable within one year40/41€512,453€494,488▼
Other amounts receivable41€512,453€494,488▼
Cash at bank and in hand54/58€2,633€1,809▼
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m▼
Equity10/15€1.2m€1.2m▼
Contributions10/11€1.1m€1.1m=
Capital10€1.1m€1.1m=
Issued capital100€1.1m€1.1m=
Reserves13€105,000€105,000=
Non-distributable reserves130/1€105,000€105,000=
Legal reserve130€105,000€105,000=
Profit (loss) carried forward14€48,535€30,449▼
Amounts payable17/49€5,020€1,948▼
Amounts payable within one year42/48€5,020€1,948▼
Trade debts44€5,020€1,948▼
Suppliers440/4€5,020€1,948▼
Income statementCode20242025
Operating income70/76A€62,571€45,159▼
Turnover70€38,098€47,528▲
Change in stocks of work in progress, finished goods and contracts in progress71-€4,357-€2,369▲
Other operating income74€28,830-
Operating charges60/66A€21,852€19,967▼
Services and other goods61€20,784€18,865▼
Other operating charges640/8€1,068€1,102▲
Operating profit (loss)9901€40,719€25,192▼
Financial income75/76B€10,883€5,601▼
Recurring financial income75€10,883€5,601▼
Income from current assets751€10,883€5,601▼
Financial charges65/66B€496€425▼
Recurring financial charges65€496€425▼
Other financial charges652/9€496€425▼
Profit (loss) for the period before taxes9903€51,106€30,368▼
Profit (loss) for the period9904€51,106€30,368▼
Profit (loss) for the period to be appropriated9905€51,106€30,368▼
Appropriation of the result
Profit (loss) to be appropriated9906€48,535€30,449▼
Profit (loss) brought forward from the previous period14P-€2,571€80▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€392,247
€517,070
€26,474
€62,571
€45,159
▼ 27.8%
Turnover70
€117,113
-
€22,183
€38,098
€47,528
▲ 24.8%
Change in stocks of work in progress, finished goods and contracts in progress71
€23,829
€517,070
€490
-€4,357
-€2,369
▲ 45.6%
Other operating income74
€251,305
-
-
€28,830
-
-
Non-recurring operating income76A
-
-
€3,802
-
-
-
Operating charges60/66A
€70,734
€532,178
€23,425
€21,852
€19,967
▼ 8.6%
Goods for resale, raw materials and consumables60
€30,000
€100,515
-
-
-
-
Purchases600/8
€30,000
€100,515
-
-
-
-
Services and other goods61
€39,695
€430,681
€22,339
€20,784
€18,865
▼ 9.2%
Other operating charges640/8
€1,038
€982
€1,086
€1,068
€1,102
▲ 3.2%
Operating profit (loss)9901
€321,513
-€15,109
€3,049
€40,719
€25,192
▼ 38.1%
Financial income75/76B
€4,950
€1,210
€8,933
€10,883
€5,601
▼ 48.5%
Recurring financial income75
€4,950
€1,210
€8,933
€10,883
€5,601
▼ 48.5%
Income from current assets751
€4,950
€1,210
€8,933
€10,883
€5,601
▼ 48.5%
Financial charges65/66B
€339
€346
€346
€496
€425
▼ 14.3%
Recurring financial charges65
€339
€346
€346
€496
€425
▼ 14.3%
Other financial charges652/9
€339
€346
€346
€496
€425
▼ 14.3%
Profit (loss) for the period before taxes9903
€326,125
-€14,245
€11,636
€51,106
€30,368
▼ 40.6%
Profit (loss) for the period9904
€326,125
-€14,245
€11,636
€51,106
€30,368
▼ 40.6%
Profit (loss) for the period to be appropriated9905
€326,125
-€14,245
€11,636
€51,106
€30,368
▼ 40.6%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€1.5m
€1.8m
€1.2m
€1.2m
€1.2m
▼ 1.8%
Current assets29/58
€1.5m
€1.8m
€1.2m
€1.2m
€1.2m
▼ 1.8%
Stocks and contracts in progress3
€180,267
€697,337
€697,826
€693,469
€691,100
▼ 0.3%
Stocks30/36
€180,267
€697,337
€697,826
€693,469
€691,100
▼ 0.3%
Property held for sale35
€180,267
€697,337
€697,826
€693,469
€691,100
▼ 0.3%
Amounts receivable within one year40/41
€1.4m
€1.1m
€485,404
€512,453
€494,488
▼ 3.5%
Trade receivables40
€557
€557
€557
-
-
-
Other amounts receivable41
€1.4m
€1.1m
€484,847
€512,453
€494,488
▼ 3.5%
Cash at bank and in hand54/58
€6,665
€2,421
€4,955
€2,633
€1,809
▼ 31.3%
Equity and liabilities
Total equity and liabilities10/49
€1.5m
€1.8m
€1.2m
€1.2m
€1.2m
▼ 1.8%
Equity10/15
€1.2m
€1.1m
€1.2m
€1.2m
€1.2m
▼ 1.5%
Contributions10/11
€1.1m
€1.1m
€1.1m
€1.1m
€1.1m
=
Capital10
€1.1m
€1.1m
€1.1m
€1.1m
€1.1m
=
Issued capital100
€1.1m
€1.1m
€1.1m
€1.1m
€1.1m
=
Reserves13
€105,000
€105,000
€105,000
€105,000
€105,000
=
Non-distributable reserves130/1
€105,000
€105,000
€105,000
€105,000
€105,000
=
Legal reserve130
€105,000
€105,000
€105,000
€105,000
€105,000
=
Profit (loss) carried forward14
€38
-€14,207
-€2,571
€48,535
€30,449
▼ 37.3%
Amounts payable17/49
€390,941
€640,946
€35,756
€5,020
€1,948
▼ 61.2%
Amounts payable within one year42/48
€390,941
€640,946
€35,756
€5,020
€1,948
▼ 61.2%
Trade debts44
€64,765
€640,946
€35,756
€5,020
€1,948
▼ 61.2%
Suppliers440/4
€64,765
€640,946
€35,756
€5,020
€1,948
▼ 61.2%
Other amounts payable47/48
€326,176
-
-
-
-
-
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€326,125
-€14,245
€11,636
€51,106
€30,368
▼ 40.6%
Operating cash flow (approximation)
€326,125
-€14,245
€11,636
€51,106
€30,368
▼ 40.6%
Change in cash
-
-€4,244
€2,535
-€2,322
-€825
▲ 64.5%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Name change · Registered-office move · Purpose change8 facts ▸
General meeting, 15-03-2012
Name change, F-IMMO
Registered-office move, Saint-Gilles (1060 Bruxelles), avenue Brugmann 27 A
Purpose change, La société a pour objet l'achat, la vente, l'échange, l'exploitation, la mise en location et, de manière générale, la mise en valeur de tout terrain ou bâtiment…
Net-asset statement, 31-12-2011
Statutes amendment
Power of attorney, FEYENS
Power of attorney, Lorette ROUSSEAU
29-02
State Gazette actResignation: Paul Danaux (director)
Appointment: Olivier Genis (director)6 facts ▸
General meeting, 09-02-2012
Director resignation, Paul Danaux (director)
Director appointment, Olivier Genis (director)
Board composition, Jean-Paul BUESS (director)
Board composition, Thierry DURBECQ (director)
Board composition, Olivier Genis (director)
23-01
State Gazette actResignations: Philippe Manac'h (director) and Serge de Moffarts (director)
Appointment: Jean-Paul Buess (director)7 facts ▸
General meeting, 14-12-2011
Director resignation, Philippe Manac'h (director)
Director resignation, Serge de Moffarts (director)
Director appointment, Jean-Paul Buess (director)
Board composition, Paul Danaux (director)
Board composition, Thierry Durbecq (director)
Board composition, Jean-Paul Buess (director)
2011
23-11
State Gazette actRestructuring
Branch transfer · Accounting effect2 facts ▸
Branch transfer, fabrication et placement d'installations électriques, industrielles et tertiaires
Accounting effect, 01-07-2011
13-10
State Gazette actResignation: Giuseppe ALFANO (director)
Capital increase · Capital4 facts ▸
General meeting, 13-09-2011
Capital increase, €500.000
Capital, €1.050.000
Director resignation, Giuseppe ALFANO (director)
28-09
State Gazette actAppointment: Philippe MANAC'H (administrateur directeur général)
2 facts ▸
General meeting, 04-07-2011
Director appointment, Philippe MANAC'H (administrateur directeur général)
28-09
State Gazette actResignations & appointments
Power of attorney11 facts ▸
Board meeting, 04-07-2011
Power of attorney
Power of attorney, Christian COPPENS D'EECKENBRUGGE
Power of attorney, Patrick DECOEUR
Power of attorney, Olivier DEBILDE
Power of attorney, Freddy HEYMANS
Power of attorney, Philippe LAVIGNE
Power of attorney, Eric VAN DEN ACKERVEKEN
Power of attorney, Giuseppe ALFANO
Power of attorney, Serge de MOFFARTS
Power of attorney, M-H. LEURQUIN
21-09
State Gazette actCapital & shares
Demerger1 fact ▸
Demerger, Cession d'une branche d'activité
28-06
State Gazette actReappointment: Thierry Durbecq (director)
2 facts ▸
General meeting, 19-04-2011
Director reappointment, Thierry Durbecq (director)
26-04
State Gazette actResignations: Didier Collignon (managing director) and Olivier Eschweiler (director)
3 facts ▸
General meeting, 04-04-2011
Director resignation, Didier Collignon (managing director)
Director resignation, Olivier Eschweiler (director)
2010
28-06
State Gazette actResignations: Etienne DEWULF (director) and Véronique Noirhomme-DELENS (director)
Appointments: Paul DANAUX (director) and KPMG & PARTNERS (statutory auditor)5 facts ▸
General meeting, 20-04-2010
Director resignation, Etienne DEWULF (director)
Director resignation, Véronique Noirhomme-DELENS (director)
Registered-office move, Parc Industriel, 11 à 1440 Wauthier Braine
Director resignation, Stéphane Graff (daily management delegate)
Director appointment, Didier Collignon (managing director)
Director reappointment, Serge de Moffarts d'Houchenée (administrateur directeur)
Board composition, Stéphane Graff (director)
Board composition, Etienne Dewulf (director)
17-12
State Gazette actAppointments: Didier Collignon, Olivier Eschweiler and Giuseppe Alfano
4 facts ▸
General meeting, 19-11-2007
Director appointment, Didier Collignon (director)
Director appointment, Olivier Eschweiler (director)
Director appointment, Giuseppe Alfano (director)
2006
15-05
State Gazette actAppointment: Edoardo MESSINA (directeur général)
2 facts ▸
Board meeting, 21-12-2005
Director appointment, Edoardo MESSINA (directeur général)
06-04
State Gazette actResignation: Benoît HEITZ (managing director)
Appointments: Stéphane GRAFF (managing director) and Etienne DEWULF (chair of the board)5 facts ▸
Board meeting, 16-01-2006
Director resignation, Benoît HEITZ (managing director)
Director appointment, Stéphane GRAFF (managing director)
Director resignation, Benoît HEITZ (chair of the board)
Director appointment, Etienne DEWULF (chair of the board)
2005
21-11
State Gazette actCapital & shares · Statutes amendment · Miscellaneous
Registered-office move · Name discrepancy6 facts ▸
General meeting, 20/10/2005
Registered-office move, Schaerbeek, rue Auguste Lambiotte, 28
Registered-office move, Forest, avenue Van Volxem, 380
Statutes amendment
Statutes amendment
Name discrepancy, Header denomination 'ATELIERS DE CEUSTER' differs from company name in act body 'A.B.E.FEYENS, NESTOR ET FILS' (same KBO 0402074601); no resolution in the act e…
2004
19-07
State Gazette actAppointment: Ernst & Young Reviseurs d'Entreprises (commissaire réviseur)
Permanent representative: Jacques Vandermoot3 facts ▸
General meeting, 28-03-2004
Auditor appointment, Ernst & Young Reviseurs d'Entreprises (commissaire réviseur)
Permanent representative, Jacques Vandermoot
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
51 of 51 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
3 directors, 1 in day-to-day management, no change since 2028
Permanent representative · since 01-04-2026 · for Lempereur Management
Current
Statutory auditor 1
FM
FORVIS MAZARS REVISEURS D'ENTREPRISES SRL
Auditor · since 15-04-2025
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Parc Industriel(W-B) 11, 1440 Braine-le-ChâteauConstruction of utility projects for electricity and telecommunications
since 19472.006.793.606
2 parcels
Wallonia1(50%)Brussels1(50%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
25111A0681/00T000
Wallonia
2,212 m²
1 · 930 m²
-
21332D0021/00N015
Brussels
1,193 m²
1 · 626 m²
21.5 m · 6 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
“matières énumérées ci-après indépendamment des montants. Conformément aux dispositions statuaires, la société est également valablement représentée dans les actes, y compris ceux pour lesquels le concours d'un officier ministériel ou d'un notaire serait requis, soit par le président du conseil…”
Full text
matières énumérées ci-après indépendamment des montants. Conformément aux dispositions statuaires, la société est également valablement représentée dans les actes, y compris ceux pour lesquels le concours d'un officier ministériel ou d'un notaire serait requis, soit par le président du conseil d'administration, soit par deux administrateurs.
L'achat, la vente, l'échange, l'exploitation, la mise en location et, de manière générale, la mise en valeur de tout terrain ou bâtiment de quelque manière que ce soit
Full purpose
L'achat, la vente, l'échange, l'exploitation, la mise en location et, de manière générale, la mise en valeur de tout terrain ou bâtiment de quelque manière que ce soit.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
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
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
44 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.