FK IMMO
ActiveSummary
FK IMMO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-57k) and a net result of €-114k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-7
Solvency20▼-8
Growth55=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 1.04 in 2023; short-term debt: 105.4% and cash: 25.8% of total assets), and equity is negative.
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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 →
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
-5.4%
Return on assets
-10.7%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-57k
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
34 d early
2022
39 d early
2021
34 d early
2020
58 d early
2019
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, full schema
Turnover
€2.48M▲ 136%
2019 · €1.05M
EBIT margin
5.8%▲ 4.0pp
2019 · 1.7%
Net result
€-114k▲ 0.8%
2023 · €-115k
Working capital
€-60k
2023 · €72k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€2.48M▲ 136%
Operating result€144k▲ 682%€-15k€7k€-115k€-122k▼ 5.8%
Net result€96k▲ 526%€-3k€4k€-115k€-114k▲ 0.8%
EBIT margin5.8%▲ 4.0pp
Equity€171k▲ 127%€168k▼ 1.9%€172k▲ 2.1%€57k▼ 67.0%€-57k
Total assets€6.57M▼ 18.6%€3.27M▼ 50.2%€2.81M▼ 14.0%€2.02M▼ 28.3%€1.07M▼ 47.1%
Debt€6.40M▼ 20.0%€3.10M▼ 51.5%€2.64M▼ 14.9%€1.96M▼ 25.8%€1.13M▼ 42.6%
Working capital€310k▲ 63.8%€395k▲ 27.2%€396k▲ 0.4%€72k▼ 81.8%€-60k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €122k in 2024 against €115k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.07M
Fixed assets
€2k ▼ 24.0%
Current assets
€1.07M ▼ 47.1%
Key figures and ratios
EBITDA
€-121k▼
2023 · €-114k
Cash flow
€-113k▲
2023 · €-114k
Solvency
-5.4%▼
2023 · 2.8%
Current ratio
0.95▼
2023 · 1.04
Quick ratio
0.31▼
2023 · 0.36
Debt to equity
-19.60▼
2023 · 34.60
ROA
-10.7%▼
2023 · -5.7%
Interest coverage
-58.81▲
2023 · -1997.17
Debt ≤ 1 year
€1.13M▼
2023 · €1.94M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.48M | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €650 | €775 | ▲ 19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €100k | - |
| Other operating charges640/8 | - | €2k | €868 | €1k | €8k | ▲ 671% |
| Gross operating margin9900 | €145k | €-13k | €7k | €-113k | €-13k | ▲ 88.8% |
| Operating profit (loss)9901 | €144k | €-15k | €7k | €-115k | €-122k | ▼ 5.8% |
| Financial income75/76B | - | €14k | - | - | €10k | - |
| Recurring financial income75 | - | €14k | - | - | €10k | - |
| Financial charges65/66B | - | €2k | €3k | €57 | €2k | ▲ 3,490% |
| Recurring financial charges65 | €2k | €2k | €3k | €57 | €2k | ▲ 3,490% |
| Non-recurring financial charges66B | - | €755 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €142k | €-3k | €4k | €-115k | €-114k | ▲ 0.8% |
| Income taxes67/77 | €46k | - | - | - | - | - |
| Profit (loss) for the period9904 | €96k | €-3k | €4k | €-115k | €-114k | ▲ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €96k | €-3k | €4k | €-115k | €-114k | ▲ 0.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.57M | €3.27M | €2.81M | €2.02M | €1.07M | ▼ 47.1% |
| Fixed assets21/28 | €35k | - | - | €3k | €2k | ▼ 24.0% |
| Tangible fixed assets22/27 | - | - | - | €3k | €2k | ▼ 24.0% |
| Furniture and vehicles24 | - | - | - | €3k | €2k | ▼ 24.0% |
| Financial fixed assets28 | €35k | - | - | - | - | - |
| Current assets29/58 | €6.54M | €3.27M | €2.81M | €2.01M | €1.07M | ▼ 47.1% |
| Stocks and contracts in progress3 | €6.47M | €3.09M | €2.42M | €1.32M | €718k | ▼ 45.5% |
| Stocks30/36 | - | €3.09M | €2.42M | €1.32M | €718k | ▼ 45.5% |
| Amounts receivable within one year40/41 | €53k | €10k | €13k | €14k | €73k | ▲ 403% |
| Trade receivables40 | - | €9k | €9k | €9k | - | - |
| Other amounts receivable41 | - | €1k | €3k | €5k | €73k | ▲ 1,276% |
| Cash at bank and in hand54/58 | €11k | €175k | €379k | €683k | €275k | ▼ 59.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.57M | €3.27M | €2.81M | €2.02M | €1.07M | ▼ 47.1% |
| Equity10/15 | €171k | €168k | €172k | €57k | €-57k | ▼ 201% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €113k | €113k | €113k | €113k | €113k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Other1319 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €111k | €111k | €111k | €111k | = |
| Profit (loss) carried forward14 | €40k | €36k | €40k | €-75k | €-189k | ▼ 152% |
| Amounts payable17/49 | €6.40M | €3.10M | €2.64M | €1.96M | €1.13M | ▼ 42.6% |
| Amounts payable within one year42/48 | €6.23M | €2.88M | €2.42M | €1.94M | €1.13M | ▼ 42.0% |
| Current portion of amounts payable after more than one year42 | - | €2.23M | €1.95M | €1.76M | €1.12M | ▼ 36.3% |
| Trade debts44 | €576k | €29k | €3k | €5k | €8k | ▲ 43.9% |
| Suppliers440/4 | - | €29k | €3k | €5k | €8k | ▲ 43.9% |
| Taxes, remuneration and social security45 | - | €82k | €46k | €61k | - | - |
| Taxes450/3 | - | €82k | €46k | €61k | - | - |
| Other amounts payable47/48 | - | €535k | €415k | €120k | - | - |
| Accrued charges and deferred income492/3 | - | €227k | €225k | €19k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €-3k | €4k | €-115k | €-114k | ▲ 0.8% |
| + Depreciation and write-downs630 | - | - | - | €650 | €775 | ▲ 19.3% |
| Operating cash flow (approximation) | €96k | €-3k | €4k | €-114k | €-113k | ▲ 0.9% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €165k | €204k | €304k | €-408k | ▼ 234% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-115k
Net result drops to €-115k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €96k ▲526%
Operating result €144k, net result €96k, both a record.
31-12
Financial
Equity above €150kEq €171k ▲127%
2 profitable years in a row build equity to €171k.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Waterloo · 1 establishment unit since 2009
Ground area
119 m²
Building footprint
52 m²
Volume, LiDAR
452 m³
Parcel 25110A0087/00A000, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Avenue des Sorbiers 3, 1410 Waterloo
since 20092.180.764.985
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0087/00A000 | Wallonia | 119 m² | 1 · 52 m² | 10.8 m · 3 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.
Similar companies · same sector, comparable size
LIVING DEVELOPMENT
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Tom Verfaillie
BE 0649.897.030
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Immo Eykens
BE 0738.539.093
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HDS INVEST
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Liège · Eq €56,787
Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,372 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded11-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.