FG IMMO

Active

Private limited companyfounded 20196 yrs activeRue Léon Sacré 19, 6110 Montigny-le-Tilleul, BelgiumKBO/BCE: BE 0737.410.430

The computed 12-month bankruptcy probability of FG IMMO is 1.6% (moderate). The 2024 annual accounts show negative equity (€-10k) and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 19348 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

22 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability2▲+2

Solvency0=

Growth32=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.57 against 0.61 in 2023; short-term debt: 175.4% and cash: 15.4% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

-75.4%

Return on assets

-25.1%

Age of the figures

21 mo

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

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

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

2021222324

2020 to 2024 · latest year €-10k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

72 d early

2023

124 d early

2022

30 d early

2021

38 d early

2020

45 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€-10k▼ 49.8%

2023 · €-7k

2020: €15k 2021: €25k 2022: €6k 2023: €-7k

2020 → 2024

Total assets

€13k▲ 14.5%

2023 · €11k

2020: €33k 2021: €43k 2022: €20k 2023: €11k

2020 → 2024

Net result

€-3k▲ 74.7%

2023 · €-13k

2020: €17k 2021: €12k 2022: €-18k 2023: €-13k

2020 → 2024

Working capital

€-10k▼ 40.7%

2023 · €-7k

2020: €11k 2021: €21k 2022: €5k 2023: €-7k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€15k-€25k▲ 59.3%€6k▼ 74.2%€-7k€-10k▼ 49.8%

Operating result€25k-€19k▼ 24.7%€-16k€-11k▲ 32.5%€345

Net result€17k-€12k▼ 33.1%€-18k€-13k▲ 29.4%€-3k▲ 74.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €345 after a loss of €11k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €13k

99.3%

Fixed assets €94▼ 37.8%

Current assets €13k▲ 18.8%

Key figures and ratios

2024 value · change against 2023

EBITDA

€741▲

2023 · €-10k

Cash flow

€-3k▲

2023 · €-12k

Solvency

-75.4%▼

2023 · -57.6%

Current ratio

0.57▼

2023 · 0.61

Quick ratio

0.57▼

2023 · 0.61

Debt / equity

-2.33▲

2023 · -2.74

ROA

-25.1%▲

2023 · -113.6%

Interest coverage

0.23▲

2023 · -5.53

Debt

€23k▲

2023 · €18k

Debt ≤ 1 year

€23k▲

2023 · €18k

Income taxes

€352▲

2023 · €273

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€11k€13k▲

Formation expenses20€339€0▼

Fixed assets21/28€151€94▼

Tangible fixed assets22/27€57€0▼

Furniture and vehicles24€57€0▼

Financial fixed assets28€94€94=

Current assets29/58€11k€13k▲

Amounts receivable within one year40/41€2k€573▼

Trade receivables40€2k€573▼

Cash at bank and in hand54/58€8k€2k▼

Deferred charges and accrued income490/1€96€10k▲

Equity and liabilities

Total equity and liabilities10/49€11k€13k▲

Equity10/15€-7k€-10k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€-9k€-12k▼

Amounts payable17/49€18k€23k▲

Amounts payable within one year42/48€18k€23k▲

Trade debts44€3k€2k▼

Suppliers440/4€3k€2k▼

Taxes, remuneration and social security45€7k€8k▲

Taxes450/3€7k€6k▼

Remuneration and social security454/9-€2k

Other amounts payable47/48€8k€13k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€396▼

Other operating charges640/8€2k€2k▼

Non-recurring operating charges66A€95-

Gross operating margin9900€-8k€2k▲

Operating profit (loss)9901€-11k€345▲

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€2k€3k▲

Recurring financial charges65€2k€3k▲

Profit (loss) for the period before taxes9903€-13k€-3k▲

Income taxes67/77€273€352▲

Profit (loss) for the period9904€-13k€-3k▲

Profit (loss) for the period to be appropriated9905€-13k€-3k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-9k€-12k▼

Profit (loss) brought forward from the previous period14P€4k€-9k▼

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

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

2025

20-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

01-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-18k ▼256%

Net result drops to €-18k, the lowest in the series; recovery starts the following year.

23-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

16-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Montigny-le-Tilleul · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Léon Sacré 196110 Montigny-le-Tilleul

Ground area

1,515 m²

Building footprint

121 m²

Volume, LiDAR

1,080 m³

Parcel 52048C0235/00R007, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

FG IMMO

Rue Léon Sacré 19, 6110 Montigny-le-TilleulReal estate activities

since 20192.295.722.160

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52048C0235/00R007	Wallonia	1,515 m²	1 · 121 m²	11.1 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Sint-Jans-Molenbeek · Eq €6k

Maasmechelen · Eq €6k

Of 7,322 companies in sector 68110 we hold annual accounts for 5,381. 1,506 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded05-11-2019

Fiscal year end31-12

Activities, NACEBEL

68110Buying and selling of own real estate

68310Real estate agency activities

68311Real estate activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.