IMMERSALE
ActiveSummary
IMMERSALE has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €290,979 and a net result of €4,689. Equity remains stable across the filed fiscal years (±1.1% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▲+15
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
short-term debt: 0.1% and cash: 12.1% of total assets, and 0.1% of the assets are financed with debt.
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Signals
Three 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
48 d early
2023
40 d early
2022
20 d early
2021
31 d late
2020
1 d early
2019
364 d late
← 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 34 days after 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 22 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
€3.3m
EBIT margin
33.7%
Net result
€4,689
2023 · -€12,391
Working capital
€290,979▲ 1.6%
2023 · €286,290
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€4,360▼ 243%€5,578-€809-€23,454▼ 2,800%-€7,061▲ 69.9%
Net result-€4,574within the sector's middle half▼ 141%€5,340within the sector's middle half€22,314within the sector's middle half▲ 318%-€12,391within the sector's middle half€4,689within the sector's middle half
EBIT margin
Equity€271,027within the sector's middle half▼ 1.7%€276,367within the sector's middle half▲ 2.0%€298,681within the sector's middle half▲ 8.1%€286,290within the sector's middle half▼ 4.1%€290,979within the sector's middle half▲ 1.6%
Total assets€294,686below the sector's middle half▼ 0.8%€284,040below the sector's middle half▼ 3.6%€306,895below the sector's middle half▲ 8.0%€291,544below the sector's middle half▼ 5.0%€291,351below the sector's middle half▼ 0.1%
Debt€23,659▲ 9.8%€7,673▼ 67.6%€8,214▲ 7.1%€5,254▼ 36.0%€372▼ 92.9%
Working capital€271,027within the sector's middle half▼ 1.7%€276,367within the sector's middle half▲ 2.0%€298,681within the sector's middle half▲ 8.1%€286,290within the sector's middle half▼ 4.1%€290,979within the sector's middle half▲ 1.6%
Solvency92.0%above the sector's middle half▼ 0.8pp97.3%above the sector's middle half▲ 5.3pp97.3%above the sector's middle half=98.2%above the sector's middle half▲ 0.9pp99.9%above the sector's middle half▲ 1.7pp
Current ratio12.46above the sector's middle half▼ 1.3337.02above the sector's middle half▲ 24.5637.36above the sector's middle half▲ 0.3455.49above the sector's middle half▲ 18.12
Return on assets (ROA)-1.6%within the sector's middle half▼ 0.9pp1.9%within the sector's middle half▲ 3.4pp7.3%above the sector's middle half▲ 5.4pp-4.3%below the sector's middle half▼ 11.5pp1.6%within the sector's middle half▲ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,061 in 2024 against €23,454 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €291,351
Equity
€290,979 ▲ 1.6%
Debt
€372 ▼ 92.9%
Debt's share of the balance-sheet total falls from 1.8% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.00▼
2023 · 0.02
ROE
1.6%▲
2023 · -4.3%
Debt ≤ 1 year
€372▼
2023 · €5,254
A ratio outside any meaningful range has been withheld (balance sheet total €291,351, equity €290,979).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €15,040 | - | - | - | - |
| Other operating income74 | - | €15,040 | - | - | - | - |
| Operating charges60/66A | - | €9,462 | €809 | €23,454 | €7,061 | ▼ 69.9% |
| Goods for resale, raw materials and consumables60 | - | €7,352 | - | €17,544 | - | - |
| Purchases600/8 | - | €7,352 | - | €17,544 | - | - |
| Services and other goods61 | - | €1,662 | €359 | €5,417 | €6,556 | ▲ 21.0% |
| Other operating charges640/8 | - | €449 | €450 | €493 | €505 | ▲ 2.4% |
| Operating profit (loss)9901 | -€4,360 | €5,578 | -€809 | -€23,454 | -€7,061 | ▲ 69.9% |
| Financial income75/76B | - | - | €31,226 | €11,560 | €12,171 | ▲ 5.3% |
| Recurring financial income75 | - | - | €31,226 | €11,560 | €12,171 | ▲ 5.3% |
| Income from current assets751 | - | - | €31,226 | €11,560 | €12,171 | ▲ 5.3% |
| Financial charges65/66B | - | €238 | €249 | €496 | €421 | ▼ 15.2% |
| Recurring financial charges65 | €214 | €238 | €249 | €496 | €421 | ▼ 15.2% |
| Debt charges650 | €0 | €0 | €0 | €0 | - | - |
| Other financial charges652/9 | - | €237 | €249 | €496 | €421 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | -€4,574 | €5,340 | €30,168 | -€12,391 | €4,689 | ▲ 138% |
| Income taxes67/77 | - | - | €7,854 | - | - | - |
| Taxes670/3 | - | - | €7,854 | - | - | - |
| Profit (loss) for the period9904 | -€4,574 | €5,340 | €22,314 | -€12,391 | €4,689 | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | -€4,574 | €5,340 | €22,314 | -€12,391 | €4,689 | ▲ 138% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €294,686 | €284,040 | €306,895 | €291,544 | €291,351 | ▼ 0.1% |
| Current assets29/58 | €294,686 | €284,040 | €306,895 | €291,544 | €291,351 | ▼ 0.1% |
| Amounts receivable within one year40/41 | €227,990 | €200,029 | €231,226 | €243,421 | €255,972 | ▲ 5.2% |
| Trade receivables40 | - | - | - | €394 | - | - |
| Other amounts receivable41 | - | €200,029 | €231,226 | €243,027 | €255,972 | ▲ 5.3% |
| Cash at bank and in hand54/58 | €66,696 | €84,011 | €75,669 | €48,124 | €35,379 | ▼ 26.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €294,686 | €284,040 | €306,895 | €291,544 | €291,351 | ▼ 0.1% |
| Equity10/15 | €271,027 | €276,367 | €298,681 | €286,290 | €290,979 | ▲ 1.6% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | €300,000 | €300,000 | €300,000 | €300,000 | = |
| Uncalled capital101 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Non-distributable reserves130/1 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Legal reserve130 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €91,027 | €96,367 | €118,681 | €106,290 | €110,979 | ▲ 4.4% |
| Amounts payable17/49 | €23,659 | €7,673 | €8,214 | €5,254 | €372 | ▼ 92.9% |
| Amounts payable within one year42/48 | €23,659 | €7,673 | €8,214 | €5,254 | €372 | ▼ 92.9% |
| Trade debts44 | €23,659 | €7,673 | €359 | €5,254 | €372 | ▼ 92.9% |
| Suppliers440/4 | - | €7,673 | €359 | €5,254 | €372 | ▼ 92.9% |
| Taxes, remuneration and social security45 | - | - | €7,854 | - | - | - |
| Taxes450/3 | - | - | €7,854 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,574 | €5,340 | €22,314 | -€12,391 | €4,689 | ▲ 138% |
| Operating cash flow (approximation) | -€4,574 | €5,340 | €22,314 | -€12,391 | €4,689 | ▲ 138% |
| Change in cash | - | €17,315 | -€8,342 | -€27,545 | -€12,745 | ▲ 53.7% |
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
22-07
State Gazette act
Resignation: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representatives: Christophe Van Parys and Wim Straetmans6 facts ▸
State Gazette act
Resignation: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
Appointment: KPMG Bedrijfsrevisoren BV/SRL (statutory auditor) · Permanent representatives: Christophe Van Parys and Wim Straetmans6 facts ▸
- General meeting, 10-06-2026
- Auditor resignation, Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
- Auditor appointment, KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
- Permanent representative, Christophe Van Parys (permanent representative)
- Director in office, Guillermo bv (director)
- Permanent representative, Wim Straetmans (permanent representative)
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €4,689
Net result €4,689 after one loss-making year.
31-12
Financial
Liquidity times 14current ratio 782.99
Current ratio from 55.49 to 782.99; short-term debt falls from €5,254 to €372.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€12,391
Net result drops to -€12,391, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €5,340
Net result €5,340 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 37.02
Current ratio from 12.46 to 37.02; short-term debt falls from €23,659 to €7,673.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 364 days late
2019
31-12
Financial
Liquidity times 11current ratio 13.79
Current ratio from 1.29 to 13.79; short-term debt falls from €965,423 to €21,555.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
KPMG Bedrijfsrevisoren BV/SRL
CurrentStatutory auditor · since 22-07-2026 · perm. rep.: Christophe Van Parys
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen
Ground area
2.4 ha
Building footprint
2,699 m²
Parcel 11302A0095/00E008, Flanders. Linked by address, not a title deed.
177
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0095/00E008 | Flanders | 2.4 ha | 1 · 2,699 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| KPMG Bedrijfsrevisoren BV/SRL |
|
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
-
50%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of IMMERSALE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 5,184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0649671158
Also
9925:BE0649671158
Registered
03-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.