Financials
- Fiscal year
- 2024
- Total assets
- €32.8m
- Profit
- €130.9m
- Solvency
- 84.8%
Turnover▼ 3.7%
Net result
20202023
FIMAVE
Judicial reorganisationSummary
The file of FIMAVE contains 2 judicial reorganisation notices, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €27.8m and a net result of €130.9m. Equity is shrinking by ~68.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 87% of 9733 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Brussels
- Opened
- 1 August 2023
- Track
- Reorganisation by amicable settlement
- Docket number
- 20230018
- Moratorium until
- 20 September 2023 (passed; an extension would be in a later judgment)
- Delegated judge
- Frank Taildeman
- Official Gazette
- 08-08-2023 (pdf) ↗search the document for 2023/131126
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
#1 company by equity in Lennik1 site
Size
€32.8mtotal assets 2024
- Equity
- €27.8m
- Profit
- €130.9m
Financial health
24
Critical
Checked score 2024Reorganisation running: about 1 in 4 bankrupt within the year
Structure
- Holdings
- 3
Accounts 67 d overdue0 of 21 deeds read
Why 24- In judicial reorganisationLatest accounts filed on timeShow the evidence
Checked score
Score 2024
24
/ 100
Critical
Without a bankruptcy probability: score from the figures alone
An ongoing judicial reorganisation from the Belgian State Gazette caps the score at 24. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency
100+100
equity 84.8% of total assets
Liquidity
48+48
short-term debt 15.2% · cash 1.3%
Profitability
100+80
return on assets 399.3%
Bankruptcy probability, 12 months
Judicial reorganisation
About 1 in 4 comparable companies went bankrupt within the year
A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 5.43 against 0.01 in 2023; short-term debt: 15.2% and cash: 1.3% of total assets), and 15.2% of the assets are financed with debt.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
29 d early
2022
28 d early
2021
62 d early
2020
1 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 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 (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Back to profitnet €130.9m
- Liquidity times 363current ratio 5.43
Key points
- Risk: In judicial reorganisationcreditors: see the procedure below 01-08-2023 View
- Positive: Back in profit in 2024after -€35.1m in 2023 €130.9m View
- Positive: Company by equity in Lennikin the Checked rankings #1 View
- Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
- Heads a groupcompanies controlled 10 View
By topic
Network & group
- Subsidiaries
- 10
- Holdings
- 3
10 subsidiaries
Timeline
- Events
- 17
- Since
- 2019
- 10-06-2025Annual accounts filed
- 31-12-2024Back to profit
- 31-12-2024Liquidity times 363
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Renting and operating of own or leased residential…NACE 68201
- Founded
- 27-01-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Which other companies belong to the same group?FIMAVE · 4 companies Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Renting and operating of own or leased residential real estate, excluding social housing sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.