Result
-€67,020 -€67,020
From profit to loss in 2025, after a profit of €59,062 in 2024.
IMMAT
Lifetime
5 annual accounts with figures on one time axispeak €258,503 (2022)
€25,177▼ 83.6%
lowest -€67,020 (2025)
-€67,020▼ €126,082
peak €273,069 (2024)
€206,020▼ 24.6%
€585,147▼ 10.9%
Board1 name since 2020
1 directorVan Butsele Mathieu
Documentsfilings and deeds
14-08-202614 days late
2025micro format
Gross margin from €153,704 to €25,177Loss of €67,020Equity from €273,069 to €206,020Cash from €118,758 to €58,248
Key points
from the 2025 annual accountsTurnover
≈ €55,000 estimated
The micro format states no turnover.
Debts
€585,147 74% of the balance sheet
Financial debts 91%Suppliers 0%Taxes and wages 1%Other 8%
Of this, €51,860 falls due within a year.
Filings
5 annual accounts 2 late
The 2024 accounts came latest: 81 days after the end of the period.
Starting capital
€3,000
Position in the sector
-€67,020
Lower net result than 94% of companies in real estate. Sector median €5,997 · 17,176 companies.
Checked score
83
Excellent
Financially stronger than 39% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 1.0%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%▲ +0.1 percentage points vs 04-2025
06-2025: 1.2%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.7%▲ +0.5 percentage points vs 07-2025
09-2025: 2.2%▲ +0.5 percentage points vs 08-2025
10-2025: 3.7%▲ +1.5 percentage points vs 09-2025highest value
11-2025: 0.6%▼ -3.1 percentage points vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.3 percentage points vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026lowest value
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.3%▼ -0.4 percentage points vs 08-2026
10-2026: 0.4%▲ +0.1 percentage points vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €67,020 (financial year 2025)
Last filed accounts filed 14 days late; 1 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €791,167
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 68, micro). It does better than 46% of them on solvency, 71% on liquidity, 19% on profitability and 19% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 748 companies had the same profile as IMMAT has now. Each dot stands for 2 companies, two years later.
96.7%
were still trading
1.9%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMAT itself: 0.4% 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 748 companies, not a prediction for IMMAT. 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 €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.29 (2.09 in 2024), above the usual 1.5. Short-term debt is 6.6% and cash 7.4% of total assets. However, 74% 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 14 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 5 filingsDeviation from the deadline
2025
14 days late
2024
81 days late
2023
55 days early
2022
7 days early
2021
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 4 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0759406169
Registered office moved from Ghent to Sint-Martens-Latem
New registered office: Baarle-Frankrijkstraat 45, 9830 Sint-Martens-Latem · Previous registered office: Franklin rooseveltlaan 500, 9000 Gent · General meeting of 01-08-2023 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Gent
Incorporation
Founding capital of €3,000 · Founder: Van Butsele Mathieu · Appointment: Van Butsele Mathieu (director) · published on 07-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMAT Sint-Martens-Latem | €791,167 | €25,177 | 26.0% | - |
| GERARD VENTURES Ghent | €713,881 | €38,433 | 12.7% | - |
| DMG Vastgoed Ronse | €820,042 | €31,339 | 12.4% | 0.3 |
| VANPAEMEL INVEST Zulte | €499,315 | €28,307 | 6.7% | - |
| Immo Ledite Genk | €622,240 | €29,625 | -5.3% | - |
| 'K Invest Bruges | €977,765 | €31,986 | 30.9% | - |
| FOX Capital Wavre | €892,266 | €32,885 | -15.0% | - |
These companies have the same main activity as IMMAT: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €499,000 and €978,000, founded between 2018 and 2021.
Official details
Source: KBO- Status
- Active since 03-12-2020Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Establishment unit
- 2.316.744.4369000 Ghent, since 03-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2024
Insights on IMMAT
IMMAT files the micro format. That format states no turnover. The gross margin fell from €75,678 in 2021 to €25,177 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
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 IMMAT
- What is the company number of IMMAT?
- The company number of IMMAT is 0759.406.169. The VAT number is the same number with BE in front: BE 0759.406.169.
- Where is IMMAT based?
- The registered office is at Baarle-Frankrijkstraat 45, 9830 Sint-Martens-Latem.Company details
- What does IMMAT do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of IMMAT?
- IMMAT is a private limited company (BV).
- When was IMMAT founded?
- IMMAT was founded on 03-12-2020.
- Is IMMAT still active?
- Yes, IMMAT is an active enterprise in the KBO register.
- What is the turnover of IMMAT?
- The turnover in financial year 2025 is ≈ €55,000. This figure is estimated from the gross margin of €25,177 and 32 comparable companies (NACE 683). It probably lies between €37,000 and €97,000.Financials
- Is IMMAT profitable?
- In financial year 2025, IMMAT made a loss of €67,020.
- Where can I find the annual accounts of IMMAT?
- IMMAT filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMAT due?
- IMMAT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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