Fratellimmo
ActiveSummary
Fratellimmo has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €-37k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-69
Solvency39▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.61 in 2024; short-term debt: 14.9% and cash: 0.6% of total assets), and 85.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
1 d early
2023
6 d early
2022
5 d early
2021
31 d early
2020
46 d late
2019
32 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€120k▼ 23.4%
2024 · €157k
Total assets
€853k▲ 1.5%
2024 · €840k
Net result
€-37k
2024 · €153k
Working capital
€-120k▼ 291%
2024 · €-31k
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
Line20212022202320242025
Operating result€42k▲ 2,281%€-7k€-69k▼ 890%€187k€-35k
Net result€34k€-14k€-77k▼ 441%€153k€-37k
Equity€95k▲ 55.4%€81k▼ 15.0%€4k▼ 95.4%€157k▲ 4,099%€120k▼ 23.4%
Total assets€389k▲ 56.9%€837k▲ 115%€938k▲ 12.1%€840k▼ 10.4%€853k▲ 1.5%
Debt€294k▲ 57.4%€757k▲ 158%€935k▲ 23.5%€662k▼ 29.2%€714k▲ 7.9%
Working capital€-158k▼ 144%€291k€-240k€-31k▲ 87.3%€-120k▼ 291%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35k after €187k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €853k
Fixed assets
€846k ▲ 6.7%
Current assets
€7k ▼ 84.5%
Equity and liabilities €853k
Equity
€120k ▼ 23.4%
Provisions
€19k ▼ 12.0%
Debt
€714k ▲ 7.9%
Debt's share of the balance-sheet total rises from 78.7% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €215k
Cash flow
€8k▼
2024 · €181k
Current ratio
0.06▼
2024 · 0.61
Debt to equity
5.93▲
2024 · 4.21
ROE
-30.5%▼
2024 · 97.6%
ROA
-4.3%▼
2024 · 18.3%
Interest coverage
1.21▼
2024 · 28.87
Debt ≤ 1 year
€127k▲
2024 · €79k
Debt > 1 year
€564k=
2024 · €564k
Income taxes
€-4k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €12k | €27k | €28k | €45k | ▲ 60.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5k | - | - | - | - | - |
| Other operating charges640/8 | €3k | €4k | €17k | €11k | €16k | ▲ 45.0% |
| Gross operating margin9900 | €59k | €9k | €-25k | €226k | €25k | ▼ 88.9% |
| Operating profit (loss)9901 | €42k | €-7k | €-69k | €187k | €-35k | ▼ 119% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €7k | €7k | €7k | €7k | €8k | ▲ 3.4% |
| Recurring financial charges65 | €7k | €7k | €7k | €7k | €8k | ▲ 3.4% |
| Profit (loss) for the period before taxes9903 | €35k | €-14k | €-77k | €179k | €-43k | ▼ 124% |
| Transfer from deferred taxes780 | - | - | - | - | €3k | - |
| Transfer to deferred taxes680 | - | - | - | €22k | - | - |
| Income taxes67/77 | €990 | - | - | €4k | €-4k | ▼ 187% |
| Profit (loss) for the period9904 | €34k | €-14k | €-77k | €153k | €-37k | ▼ 124% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €8k | - |
| Transfer to tax-exempt reserves689 | - | - | - | €65k | - | - |
| Profit (loss) for the period to be appropriated9905 | €34k | €-14k | €-77k | €89k | €-29k | ▼ 133% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389k | €837k | €938k | €840k | €853k | ▲ 1.5% |
| Fixed assets21/28 | €376k | €375k | €829k | €793k | €846k | ▲ 6.7% |
| Tangible fixed assets22/27 | €376k | €375k | €829k | €792k | €845k | ▲ 6.8% |
| Land and buildings22 | €376k | €375k | €829k | €789k | €844k | ▲ 6.9% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 38.4% |
| Furniture and vehicles24 | €488 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | €950 | €950 | = |
| Current assets29/58 | €12k | €462k | €109k | €48k | €7k | ▼ 84.5% |
| Amounts receivable within one year40/41 | - | €20k | €30 | €42k | €2k | ▼ 96.2% |
| Trade receivables40 | - | €20k | €30 | - | €2k | - |
| Other amounts receivable41 | - | - | - | €42k | - | - |
| Cash at bank and in hand54/58 | €11k | €442k | €109k | €5k | €5k | ▼ 9.9% |
| Deferred charges and accrued income490/1 | €740 | - | - | €776 | €1k | ▲ 28.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389k | €837k | €938k | €840k | €853k | ▲ 1.5% |
| Equity10/15 | €95k | €81k | €4k | €157k | €120k | ▼ 23.4% |
| Contributions10/11 | €104k | €104k | €104k | €104k | €104k | = |
| Reserves13 | - | - | - | €65k | €57k | ▼ 12.0% |
| Tax-exempt reserves132 | - | - | - | €65k | €57k | ▼ 12.0% |
| Profit (loss) carried forward14 | €-9k | €-23k | €-100k | €-11k | €-40k | ▼ 263% |
| Provisions and deferred taxes16 | - | - | - | €22k | €19k | ▼ 12.0% |
| Deferred taxes168 | - | - | - | €22k | €19k | ▼ 12.0% |
| Amounts payable17/49 | €294k | €757k | €935k | €662k | €714k | ▲ 7.9% |
| Amounts payable after more than one year17 | €104k | €564k | €564k | €564k | €564k | = |
| Financial debts170/4 | €104k | €564k | €564k | €564k | €564k | = |
| Amounts payable within one year42/48 | €171k | €171k | €349k | €79k | €127k | ▲ 61.5% |
| Trade debts44 | €2k | €4k | €22k | €499 | €12k | ▲ 2,358% |
| Suppliers440/4 | €2k | €4k | €22k | €499 | €12k | ▲ 2,358% |
| Taxes, remuneration and social security45 | €990 | - | €2k | €17k | €4k | ▼ 79.2% |
| Taxes450/3 | €990 | - | €2k | €17k | €4k | ▼ 79.2% |
| Other amounts payable47/48 | €167k | €167k | €326k | €61k | €111k | ▲ 81.8% |
| Accrued charges and deferred income492/3 | €20k | €22k | €22k | €20k | €23k | ▲ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €-14k | €-77k | €153k | €-37k | ▼ 124% |
| + Depreciation and write-downs630 | €8k | €12k | €27k | €28k | €45k | ▲ 60.1% |
| Operating cash flow (approximation) | €42k | €-2k | €-50k | €181k | €8k | ▼ 95.6% |
| Investment in fixed assets (approximation) | - | €-10k | €-482k | €9k | €-98k | ▼ 1,215% |
| Change in cash | - | €431k | €-333k | €-104k | €-532 | ▲ 99.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
State Gazette act
Statutes amendmentPurpose change4 facts ▸
State Gazette act
Statutes amendment
Purpose change4 facts ▸
- General meeting, 18-08-2026
- Purpose change
- Statutes amendment, 3
- Statutes amendment
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €153k
Net result €153k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €157k ▲4,099%
Equity rises from €4k to €157k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 38current ratio 2.70
Current ratio from 0.07 to 2.70.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after 3 loss-making years.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
Show earlier events
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 2011
Ground area
394 m²
Building footprint
58 m²
Parcel 25772H0035/00P002, Wallonia. Linked by address, not a title deed.
1 establishment unit
FRATELLIMMO
since 20112.204.631.935
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0035/00P002 | Wallonia | 394 m² | 1 · 58 m² | - |
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.
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BELVIER
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 3,939 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
Founded10-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
66129Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
73120Media representation
81100Combined facilities support activities
Contact
Phone
02/216.39.34Wavre
Scores and ratios are computed by Checked and are not a credit decision.