IMMBEL
ActiveIMMBEL has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €539k and a net result of €171k. Equity is growing by ~22.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 907 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy▲ +44 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency25▼-17
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 2.04 in 2024), and 84.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.2%
Return on assets
4.8%
Age of the figures
8 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
18 d early
2024
22 d early
2023
19 d late
2022
31 d early
2021
10 d late
2020
31 d late
2019
2 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€539k▲ 46.6%
2024 · €367k
2018: €-20k
2019: €57k
2020: €136k
2021: €335k
2022: €400k
2023: €486k
2024: €367k
2018 → 2025
Total assets
€3.54M▲ 25.4%
2024 · €2.82M
2018: €931k
2019: €2.96M
2020: €3.03M
2021: €3.62M
2022: €2.10M
2023: €3.04M
2024: €2.82M
2018 → 2025
Net result
€171k
2024 · €-119k
2018: €-40k
2019: €77k
2020: €79k
2021: €256k
2022: €265k
2023: €84k
2024: €-119k
2018 → 2025
Working capital
€511k▼ 63.0%
2024 · €1.38M
2018: €-22k
2019: €54k
2020: €131k
2021: €331k
2022: €405k
2023: €1.02M
2024: €1.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€335k-€400k▲ 19.5%€486k▲ 21.5%€367k▼ 24.4%€539k▲ 46.6%
Operating result€410k-€447k▲ 8.8%€161k▼ 63.9%€-42k€276k
Net result€256k-€265k▲ 3.6%€84k▼ 68.5%€-119k€171k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €276k after a loss of €42k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.54M
Fixed assets
€80k▼ 29.8%
Current assets
€3.46M▲ 27.7%
Equity and liabilities €3.54M
Equity
€539k▲ 46.6%
Debt
€3.00M▲ 22.2%
The debt ratio falls from 87.0% to 84.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€314k▲
2024 · €-9k
Cash flow
€209k▲
2024 · €-86k
Solvency
15.2%▲
2024 · 13.0%
Current ratio
1.17▼
2024 · 2.04
Quick ratio
0.73▲
2024 · 0.46
Debt / equity
5.57▼
2024 · 6.68
ROE
31.8%▲
2024 · -32.3%
ROA
4.8%▲
2024 · -4.2%
Interest coverage
2.24▲
2024 · -0.08
Debt
€3.00M▲
2024 · €2.45M
Debt ≤ 1 year
€2.95M▲
2024 · €1.33M
Debt > 1 year
€0▼
2024 · €1.12M
Income taxes
€21k▲
2024 · €211
Staff costs
€134k▲
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.82M€3.54M▲
Fixed assets21/28€114k€80k▼
Intangible fixed assets21€28k€17k▼
Tangible fixed assets22/27€86k€63k▼
Land and buildings22€402€319▼
Plant, machinery and equipment23€48k€35k▼
Furniture and vehicles24€26k€19k▼
Other tangible fixed assets26€12k€9k▼
Current assets29/58€2.71M€3.46M▲
Stocks and contracts in progress3€2.09M€1.30M▼
Stocks30/36€20k€20k=
Contracts in progress37€2.07M€1.28M▼
Amounts receivable within one year40/41€297k€852k▲
Trade receivables40€145k€560k▲
Other amounts receivable41€152k€293k▲
Cash at bank and in hand54/58€313k€1.30M▲
Deferred charges and accrued income490/1€3k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.82M€3.54M▲
Equity10/15€367k€539k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133-€2k
Profit (loss) carried forward14€345k€517k▲
Amounts payable17/49€2.45M€3.00M▲
Amounts payable after more than one year17€1.12M€0▼
Financial debts170/4€1.12M€0▼
Amounts payable within one year42/48€1.33M€2.95M▲
Financial debts43-€1.25M
Credit institutions430/8-€1.25M
Trade debts44€44k€203k▲
Suppliers440/4€44k€203k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€62k€477k▲
Taxes450/3€52k€460k▲
Remuneration and social security454/9€11k€18k▲
Other amounts payable47/48€1.22M€1.02M▼
Accrued charges and deferred income492/3€10k€52k▲
Income statement
Code20242025
Non-recurring operating income76A€460€0▼
Remuneration, social security and pensions62€68k€134k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€38k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€41€0▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€60k€450k▲
Operating profit (loss)9901€-42k€276k▲
Financial income75/76B€50k€56k▲
Recurring financial income75€50k€56k▲
Financial charges65/66B€126k€140k▲
Recurring financial charges65€126k€140k▲
Profit (loss) for the period before taxes9903€-119k€192k▲
Income taxes67/77€211€21k▲
Profit (loss) for the period9904€-119k€171k▲
Profit (loss) for the period to be appropriated9905€-119k€171k▲
Appropriation of the result
Profit (loss) to be appropriated9906€345k€517k▲
Profit (loss) brought forward from the previous period14P€464k€345k▼
Social balance
Average headcount (FTE)90871.32.0▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €171k
Net result €171k after one loss-making year.
31-12
Financial
Equity above €500kEq €539k ▲46.6%
Equity rises from €367k to €539k.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-119k ▼242%
Net result drops to €-119k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €265k ▲3.6%
Operating result €447k, net result €265k, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 10 days late
2021
31-12
Financial
Equity above €200kEq €335k ▲147%
3 profitable years in a row build equity to €335k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €136k ▲138%
2 profitable years in a row build equity to €136k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €77k
Net result €77k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
Stefanie DE LANDTSHEER
CurrentDirector · since 01-01-2025
01-01-2025
Appointed as Director
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Puursesteenweg(BOR) 3472880 BornemGround area
2,232 m²
Building footprint
831 m²
Volume, LiDAR
289 m³
Parcel 12007C0233/00F000, Flanders · tallest building 6.2 m. Linked by address, not a title deed.
1 establishment unit
IMMBEL BVBA
since 20172.264.951.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0233/00F000 | Flanders | 2,232 m² | 1 · 831 m² | 6.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 1,732 EUR awarded · 629 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,103 EUR | 0 EUR |
| 2024 | 1 | 179 EUR | 179 EUR |
| 2022 | 1 | 450 EUR | 450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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BOURGEOIS GABRIEL
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LOYD
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Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 4,607 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2017
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
77110Renting and leasing of cars and light motor vehicles
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
77120Rental and leasing activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@immbel.be
Phone:0472835556