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IMMAL

Active
Private limited companyfounded 199827 yrs activeChemin du Vieux Pont(l) 54, 7900 Leuze-en-Hainaut, BelgiumKBO/BCE: BE 0465.023.047
Summary

IMMAL has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€199,234) and a net result of €41,687. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 5% of 16076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
IMMALActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203NACE 70203
#8 oldest company in Leuze-en-Hainaut, Real estate sector1 site
Size
€153,746total assets 2025
Equity
-€199,234
Profit
€41,687
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 130 d early0 of 1 deed read
Why 55Capped at 59: negative equity- Negative equity -€199,234+ Size: total assets €153,746+ Sector Real estate activities (NACE 68)+ Founded in 1998Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 42% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -129.6% of total assets
Liquidity 23+10
short-term debt 72.0% · cash 9.5%
Profitability 76+23
return on assets 27.1%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,362 companies)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● 0.0% vs 11-2024 01-2025: 0.5%▼ -1.2% vs 12-2024 02-2025: 0.5%● 0.0% vs 01-2025 03-2025: 0.5%▼ -2.4% vs 02-2025 04-2025: 0.6%▲ +22.5% vs 03-2025highest value 05-2025: 0.6%● 0.0% vs 04-2025highest value 06-2025: 0.6%● 0.0% vs 05-2025highest value 07-2025: 0.6%● 0.0% vs 06-2025highest value 08-2025: 0.6%● 0.0% vs 07-2025highest value 09-2025: 0.6%● 0.0% vs 08-2025highest value 10-2025: 0.6%● 0.0% vs 09-2025highest value 11-2025: 0.6%▼ -3.8% vs 10-2025 12-2025: 0.6%● 0.0% vs 11-2025 01-2026: 0.6%▼ -1.0% vs 12-2025 02-2026: 0.6%● 0.0% vs 01-2026 03-2026: 0.6%▼ -2.5% vs 02-2026 04-2026: 0.4%▼ -19.2% vs 03-2026lowest value 05-2026: 0.4%● 0.0% vs 04-2026lowest value 06-2026: 0.4%● 0.0% vs 05-2026lowest value 07-2026: 0.4%● 0.0% vs 06-2026lowest value 08-2026: 0.4%● 0.0% vs 07-2026lowest value 09-2026: 0.4%● 0.0% vs 08-2026lowest value 10-2026: 0.4%● 0.0% vs 09-2026lowest value
  • Negative equity -€199,234 raises the probability
  • Size: total assets €153,746 lowers the probability for this profile
  • Sector Real estate activities (NACE 68) lowers the probability
  • Founded in 1998 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.13 against 0.09 in 2024; short-term debt: 72% and cash: 9.5% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 18%, profitability 72%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€199,234
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €153,746
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Founded in 1998
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 16076 sector peers (2025).
NBB · sector comparison
Position among 16076 sector peers
Solvency
better than 5%
← weakest strongest →
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 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
130 d early
2024
129 d early
2023
111 d early
2022
131 d early
2021
135 d early
2020
131 d early
2019
130 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 128 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 (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. Usually files around 23 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2018net €41,687 ▲94.7%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€199,234 View
  • Caution: Among the weakest 5% on solvencysector median 29.4% · 16,076 companies -129.6% View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €41,687 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€153,746
Profit
€41,687
Solvency
-129.6%
Turnover=
Net result
20182022
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 23-03-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 24-03-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
28-12-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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