Equity
€1.2m
IMMO CP has made a profit in every financial year since 2006.
IMMO CP
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977Gross marginpeak €3.0m (2025)
€3.0m
Resultpeak €256,569 (2020)
€40,267
Equitypeak €1.2m (2025)
€1.2m
Debts
€8.9m
Staffpeak 16.3 FTE (2022)
14.6 FTE
Board4 names since 2019
1 directorTDG Consult
Owners2 names in the annual accounts
100%CORFLA
Documentsfilings and deeds
28-05-202628 days late
2025abbreviated format
Appointment: Francesca Ali (commercial director) 03-04Dividend €20,134No figures for the year before
Key points
from the 2025 annual accountsDebts
€8.9m 88% of the balance sheet
Financial debts 78%Suppliers 9%Taxes and wages 2%Other 11%
€3.4m of the debts are secured on the company's own assets. In 2021 that was €977,644.
Investments
€7.9m 11.1 × depreciation
Green is investment, beige is depreciation.
Staff
18 employees on 30-09-2025
In 2025, 8 people joined and 6 left.
Filings
48 annual accounts since 1977
Two of the last ten came late. The 2025 accounts came latest: 28 days after the end of the period.
Position in the sector
12.2%
Lower solvency than 82% of companies in rubber and plastics. Sector median 46.7% · 186 companies.
Checked score
64
Healthy
Financially stronger than 30% of small companies in rubber and plastics (NACE 22)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 162 companies (NACE 22, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.8%▲ +0.3 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 1.1%▲ +0.3 percentage points vs 11-2025
01-2026: 1.9%▲ +0.8 percentage points vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026highest value
04-2026: 1.7%▼ -0.2 percentage points vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.2%▼ -0.5 percentage points vs 05-2026
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.2%● unchanged vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €1.2m (12.2% of total assets)
Liquidity: current ratio 1.05, cash €125,235, halved
Sector: Manufacture of rubber and plastic products (NACE 22)
Size: 14.6 FTE, total assets €10.1m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, small). It does better than 13% of them on solvency, 46% on liquidity and 31% on profitability.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as IMMO CP has now. Each dot stands for 12 companies, two years later.
96.9%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of IMMO CP itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for IMMO CP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.05 (1.94 in 2023), below the usual 1.5. Short-term debt is 20.7% and cash 1.2% of total assets. 87.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 186 sector peers (2025).
NBB · sector comparisonPosition among 186 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2023
19 days early
2022
4 days early
2021
2 days early
2020
13 days early
2019
37 days early
2018
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days before the deadline. In the sector (NACE 22), the median for financial year 2023 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- CORFLA 100%score 92equity €300,386 (2025) · 2025 annual accounts of CORFLA
Recent changes
Company renamed from CORNELIS PLASTICS to IMMО СР
General meeting of 13-10-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405666272
Appointment: Francesca Ali (commercial director)
Board meeting of 10-03-2025 · Gazette deed
1 director appointed
Changes of role: Dirk Wauters (class A director) and Geert Hendrix (class A director) · Appointment: TDG Consult (class B director) · Permanent representative: Tom De Geyter · General meeting of 18-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| IMMO CP Boom | - | - | 12.2% | 14.6 |
| X - PACK Verviers | - | - | 38.7% | 18.7 |
| Gevaplast Ghent | - | - | 40.7% | 20 |
| DINAMIC EMBALLAGE BENELUX Aalst | - | - | 80.1% | 28.4 |
| Cartec Sint-Pieters-Leeuw | - | - | 37.1% | 19.5 |
| Serpo Sint-Niklaas | €6.4m | 17.7% | 79.1% | 15.4 |
| Nervia Plastics Ninove | €16.2m | 19.5% | 84.9% | 30 |
These companies have the same main activity as IMMO CP: manufacture of rubber and plastic products (NACE 22220). They are comparable in size and age: total assets between €3m and €28m, founded between 1965 and 1976.
Official details
Source: KBO- Status
- Active since 04-07-1948Normal situation
- Activity
- Manufacture of rubber and plastic productsNACE 22220
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 30-09-2025
- Establishment unit
- 2.031.618.2802850 Boom, since 03-12-1987
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-09-2025
- Turnover
- ≈ €5.1mestimated
- Total assets
- €10.1m
- Employeeson 30-09-2025
- 18
- Filing
- Filed on 28-05-2026
Insights on IMMO CP
IMMO CP files the abbreviated format. That format states no turnover. The gross margin rose from €897,199 in 2006 to €3.0m in 2025.
CORFLA holds all the shares. In September 2024, the Official Gazette published the appointment of TDG Consult as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMO CP
- What is the company number of IMMO CP?
- The company number of IMMO CP is 0405.666.272. The VAT number is the same number with BE in front: BE 0405.666.272.
- Where is IMMO CP based?
- The registered office is at Industrieweg 12, 2850 Boom.Company details
- What does IMMO CP do?
- According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22220).
- What is the legal form of IMMO CP?
- IMMO CP is a public limited company (NV).
- When was IMMO CP founded?
- IMMO CP was founded on 04-07-1948.
- Is IMMO CP still active?
- Yes, IMMO CP is an active enterprise in the KBO register.
- How many employees does IMMO CP have?
- IMMO CP had an average of 14.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does IMMO CP fall under?
- In its 30-09-2025 annual accounts, IMMO CP states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of IMMO CP?
- The turnover in financial year 2025 is ≈ €5.1m. This figure is estimated from the gross margin of €3.0m and 1,584 comparable companies of the same size. It probably lies between €3.5m and €8.4m. It is a rough estimate.
- Is IMMO CP profitable?
- In financial year 2025, IMMO CP made a profit of €40,267.
- Where can I find the annual accounts of IMMO CP?
- IMMO CP filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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