Equity
-€37,205
Debts exceed assets in financial year 2025.
GROUP IMMO BELGE
Lifetime
12 annual accounts with figures on one time axispeak €412,118 (2025)
€412,118▲ 107%
lowest -€185,419 (2023)
€165,565▲ €222,009
peak €72,670 (2014)
-€37,205▲ €165,565
€2.5m▼ 22.7%
Board4 names since 2019
2 directorsChristophe ISTIRY and 1 other
Owners
100%Sodibel Group
Documentsfilings and deeds
15-10-2025108 days before the deadline
2025financial year
Gross margin from €199,444 to €412,118Back to profit: €165,565Equity from -€202,770 to -€37,205Debts from €3.2m to €2.5mCash from €4,050 to €29,845
Key points
from the 2025 annual accountsResult
€165,565 €165,565
Back in profit in 2025, after a loss of €56,443 in 2024.
Turnover
≈ €970,000 estimated
The accounts state no turnover.
Debts
€2.5m 102% of the balance sheet
Financial debts 89%Suppliers 0%Other 10%
€2.0m of the debts are secured on the company's own assets. In 2022 that was €2.1m.
Filings
12 annual accounts since 2014
The last five annual accounts were filed 20 to 108 days before the end of the period.
At the same address
21 companies
Checked score
56
Fair
Financially stronger than 55% of small companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.6%highest value
01-2025: 1.3%▼ -1.3 percentage points vs 12-2024
02-2025: 0.6%▼ -0.7 percentage points vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.7%▼ -0.1 percentage points vs 09-2025
11-2025: 0.3%▼ -0.4 percentage points vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.8%▲ +0.5 percentage points vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 1.3%▲ +0.4 percentage points vs 09-2026
11-2026: 1.4%▲ +0.1 percentage points vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
1 change of registered office in 24 months
Negative equity -€37,205
No registered site in the KBO
lowers risk
Size: total assets €2.5m
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 (no NACE code, small). It does better than 9% of them on solvency, 62% on liquidity, 56% on profitability and 94% on growth.
The bankruptcy probability was computed on 06-11-2026 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 30-06-2025.
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, 265 companies had the same profile as GROUP IMMO BELGE has now. Each dot is one company, two years later.
94.3%
were still trading
3.4%
stopped another way
1.1%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GROUP IMMO BELGE itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 265 companies, not a prediction for GROUP IMMO BELGE. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.39 (0.06 in 2024), below 1. Short-term debt is 3.3% and cash 1.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-10-2025, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 days early
2024
58 days early
2023
20 days early
2022
96 days early
2021
49 days early
2020
45 days early
2019
70 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 64 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 4 December (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Board and ownership
- Sodibel Group 100%score 95equity €4.0m (2026) · 30-06-2026 annual accounts of Sodibel Group
Recent changes
Registered office moved within Brussels
New registered office: Avenue Winston Churchill 178, 1180 Bruxelles · Previous registered office: Rue de Praetere 2-4 1000 Bruxelles · General meeting of 30-11-2025 · Gazette deed
Registered office moved to Brussels
New registered office: Rue de Praetere 2-4, toie 6, 1000 Bruxelles · Resignations: MICHELE VANDERKERKEN (director) and OSWALD LEVY (director) · General meeting of 17-10-2022 · Gazette deed
Capital increase of €400,000 to €500,000
Capital from €100,000 to €500,000, 400 new shares · Appointments: Simon LEVY (director) and Christophe ISTIRY (director) · General meeting of 05-08-2022 · Gazette deed
Incorporation
published on 29-11-2012 · Gazette deed
Official details
Source: KBO- Status
- Active since 20-11-2012Normal situation
- Registered office
- 23 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
- Activity
- “Elle peut constituer,développer,promouvoir et gérer un patrimoine immobilier,et réaliser toute opération immobilière et foncière…” (deed in French)From the articles, 14 activitiesNo NACE code in the KBO yet
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-06-2025
- €2.5m▼ 18.7%
- Filing
- Filed on 15-10-2025, 108 days before the end of the filing period
Insights on GROUP IMMO BELGE
GROUP IMMO BELGE has existed since 2012. The present size dates from 2025. The gross margin rose that year from €199,444 to €412,118.
The gross margin has grown every year since 2021. Solvency rose in 2025 from -6.7% to -1.5% because of the retained profit and lower debts.
Sodibel Group holds all the shares.
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 GROUP IMMO BELGE
- What is the company number of GROUP IMMO BELGE?
- The company number of GROUP IMMO BELGE is 0500.926.707. The VAT number is the same number with BE in front: BE 0500.926.707.
- Where is GROUP IMMO BELGE based?
- The registered office is at Winston Churchilllaan 178, 1180 Uccle.Company details
- What is the legal form of GROUP IMMO BELGE?
- GROUP IMMO BELGE is a public limited company (NV).
- When was GROUP IMMO BELGE founded?
- GROUP IMMO BELGE was founded on 20-11-2012.
- Is GROUP IMMO BELGE still active?
- Yes, GROUP IMMO BELGE is an active enterprise in the KBO register.
- What is the turnover of GROUP IMMO BELGE?
- The turnover in financial year 2025 is ≈ €970,000. This figure is estimated from the gross margin of €412,118 and 2,275 comparable companies of the same size. It probably lies between €580,000 and €1.7m. It is a rough estimate.Financials
- Is GROUP IMMO BELGE profitable?
- In financial year 2025, GROUP IMMO BELGE made a profit of €165,565.
- Where can I find the annual accounts of GROUP IMMO BELGE?
- GROUP IMMO BELGE filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GROUP IMMO BELGE due?
- GROUP IMMO BELGE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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