IMMO 127
Open bankruptcyA bankruptcy procedure is open for IMMO 127 according to publications in the Belgian State Gazette; curator: INGRID VON FRENCKELL.
Summary
The 2023 annual accounts show negative equity (-€174,922) and a net result of €5,184.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 3 July 2025
- Supervising judge
- Jean-Yves Eischen
- Official Gazette
- 10-07-2025 (pdf) ↗search the document for 2025/130757
Deadlines
- Appeal or third-party opposition until
- passed on 25 July 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 2 August 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 14 August 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 3 July 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Ingrid Von FrenckellRue Des Augustins 32, 4000 Liege 1ingrid.vonfrenckell@henry-mersch.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
3 d early
2021
31 d late
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Wholesale of construction materials, general range sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
-€174,922▲ 2.9%
2022 · -€180,106
Total assets
€73,052▼ 38.9%
2022 · €119,507
Net result
€5,184
2022 · -€52,924
Working capital
-€176,746▲ 3.4%
2022 · -€183,058
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20192020202120222023
Operating result€2,718▼ 53.0%€20,418▲ 651%-€158,560-€48,226▲ 69.6%-€6,928▲ 85.6%
Net result€1,113▼ 91.4%€18,037within the sector's middle half▲ 1,521%-€161,499below the sector's middle half-€52,924below the sector's middle half▲ 67.2%€5,184within the sector's middle half
Equity€16,280▲ 7.3%€34,317within the sector's middle half▲ 111%-€127,183below the sector's middle half-€180,106below the sector's middle half▼ 41.6%-€174,922below the sector's middle half▲ 2.9%
Total assets€280,746▲ 43.6%€257,136within the sector's middle half▼ 8.4%€82,457within the sector's middle half▼ 67.9%€119,507within the sector's middle half▲ 44.9%€73,052within the sector's middle half▼ 38.9%
Debt€264,467▲ 46.7%€222,819▼ 15.7%€209,639▼ 5.9%€299,614▲ 42.9%€247,974▼ 17.2%
Working capital€22,895▼ 24.7%€46,035within the sector's middle half▲ 101%-€124,071below the sector's middle half-€183,058below the sector's middle half▼ 47.5%-€176,746below the sector's middle half▲ 3.4%
Solvency5.8%▼ 2.0pp13.3%within the sector's middle half▲ 7.5pp-154.2%below the sector's middle half▼ 167.6pp-150.7%below the sector's middle half▲ 3.5pp-239.4%below the sector's middle half▼ 88.7pp
Current ratio1.11▼ 0.201.26within the sector's middle half▲ 0.150.35below the sector's middle half▼ 0.910.39below the sector's middle half▲ 0.040.29below the sector's middle half▼ 0.10
Return on assets (ROA)0.4%▼ 6.2pp7.0%within the sector's middle half▲ 6.6pp-195.9%below the sector's middle half▼ 202.9pp-44.3%below the sector's middle half▲ 151.6pp7.1%within the sector's middle half▲ 51.4pp
Staff (FTE)10▲ 17.6%9.4above the sector's middle half▼ 6.0%10.4▲ 10.6%6.5▼ 37.5%4.6▼ 29.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,928 in 2023 against €48,226 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €73,052
Fixed assets
€1,825 ▼ 49.1%
Current assets
€71,228 ▼ 38.6%
Key figures and ratios
EBITDA
-€5,167▲
2022 · -€36,655
Cash flow
€6,945▲
2022 · -€41,352
Debt to equity
-1.42▲
2022 · -1.66
Interest coverage
-2.36▲
2022 · -9.13
Debt ≤ 1 year
€247,974▼
2022 · €298,980
Income taxes
€241▼
2022 · €687
Staff costs
€214,166▼
2022 · €274,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3,394 | €9,257 | €5,695 | ▼ 38.5% |
| Remuneration, social security and pensions62 | - | - | €346,333 | €274,257 | €214,166 | ▼ 21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,465 | €18,571 | €19,155 | €11,571 | €1,761 | ▼ 84.8% |
| Other operating charges640/8 | - | - | €1,848 | €5,847 | €2,513 | ▼ 57.0% |
| Non-recurring operating charges66A | - | - | €258 | - | - | - |
| Gross operating margin9900 | €328,966 | €339,083 | €209,034 | €243,449 | €211,511 | ▼ 13.1% |
| Operating profit (loss)9901 | €2,718 | €20,418 | -€158,560 | -€48,226 | -€6,928 | ▲ 85.6% |
| Financial income75/76B | - | - | €208 | €3 | €14,541 | ▲ 557,011% |
| Recurring financial income75 | €1,710 | €2,183 | €208 | €3 | €1,731 | ▲ 66,209% |
| Non-recurring financial income76B | - | - | - | - | €12,810 | - |
| Financial charges65/66B | - | - | €3,008 | €4,013 | €2,187 | ▼ 45.5% |
| Recurring financial charges65 | €3,150 | €4,564 | €3,008 | €4,013 | €2,187 | ▼ 45.5% |
| Profit (loss) for the period before taxes9903 | €1,278 | €18,037 | -€161,360 | -€52,237 | €5,426 | ▲ 110% |
| Income taxes67/77 | €165 | - | €140 | €687 | €241 | ▼ 64.9% |
| Profit (loss) for the period9904 | €1,113 | €18,037 | -€161,499 | -€52,924 | €5,184 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €1,113 | €18,037 | -€161,499 | -€52,924 | €5,184 | ▲ 110% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €280,746 | €257,136 | €82,457 | €119,507 | €73,052 | ▼ 38.9% |
| Fixed assets21/28 | €47,602 | €31,676 | €15,431 | €3,585 | €1,825 | ▼ 49.1% |
| Tangible fixed assets22/27 | €46,602 | €30,676 | €14,431 | €3,585 | €1,825 | ▼ 49.1% |
| Plant, machinery and equipment23 | - | - | €5,722 | €3,585 | €1,825 | ▼ 49.1% |
| Furniture and vehicles24 | - | - | €8,709 | - | - | - |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | - | - | - |
| Current assets29/58 | €233,144 | €225,459 | €67,026 | €115,922 | €71,228 | ▼ 38.6% |
| Amounts receivable within one year40/41 | €165,177 | €76,099 | €26,336 | €82,907 | €42,256 | ▼ 49.0% |
| Trade receivables40 | - | - | €8,234 | €30,843 | €26,617 | ▼ 13.7% |
| Other amounts receivable41 | - | - | €18,102 | €52,064 | €15,639 | ▼ 70.0% |
| Cash at bank and in hand54/58 | €16,546 | €26,413 | €24,034 | €19,676 | €17,604 | ▼ 10.5% |
| Deferred charges and accrued income490/1 | - | - | €16,655 | €13,339 | €11,367 | ▼ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €280,746 | €257,136 | €82,457 | €119,507 | €73,052 | ▼ 38.9% |
| Equity10/15 | €16,280 | €34,317 | -€127,183 | -€180,106 | -€174,922 | ▲ 2.9% |
| Contributions10/11 | €6,300 | - | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €506 | €506 | €506 | €506 | €506 | = |
| Non-distributable reserves130/1 | - | - | €506 | €506 | - | - |
| Reserves not available under the articles1311 | - | - | €506 | €506 | - | - |
| Distributable reserves133 | - | - | - | - | €506 | - |
| Profit (loss) carried forward14 | €9,474 | €27,511 | -€133,989 | -€186,912 | -€181,728 | ▲ 2.8% |
| Amounts payable17/49 | €264,467 | €222,819 | €209,639 | €299,614 | €247,974 | ▼ 17.2% |
| Amounts payable after more than one year17 | €54,218 | €43,386 | €18,221 | €633 | - | - |
| Financial debts170/4 | - | - | €18,221 | €633 | - | - |
| Amounts payable within one year42/48 | €210,249 | €179,424 | €191,097 | €298,980 | €247,974 | ▼ 17.1% |
| Current portion of amounts payable after more than one year42 | - | - | €26,354 | €63,262 | €45,707 | ▼ 27.7% |
| Trade debts44 | €98,668 | €128,130 | €156,371 | €231,824 | €165,046 | ▼ 28.8% |
| Suppliers440/4 | - | - | €156,371 | €231,824 | €165,046 | ▼ 28.8% |
| Taxes, remuneration and social security45 | - | - | €8,363 | €3,849 | €3,676 | ▼ 4.5% |
| Taxes450/3 | - | - | €140 | €827 | €240 | ▼ 70.9% |
| Remuneration and social security454/9 | - | - | €8,223 | €3,022 | €3,435 | ▲ 13.7% |
| Other amounts payable47/48 | - | - | €9 | €45 | €33,545 | ▲ 74,577% |
| Accrued charges and deferred income492/3 | - | - | €322 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,113 | €18,037 | -€161,499 | -€52,924 | €5,184 | ▲ 110% |
| + Depreciation and write-downs630 | €19,465 | €18,571 | €19,155 | €11,571 | €1,761 | ▼ 84.8% |
| Operating cash flow (approximation) | €20,578 | €36,608 | -€142,345 | -€41,352 | €6,945 | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€2,645 | -€2,910 | €275 | €0 | ▼ 100% |
| Change in cash | - | €9,867 | -€2,379 | -€4,358 | -€2,072 | ▲ 52.5% |
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
2025
10-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 03-07-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €5,184
Net result €5,184 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€161,499
Net result drops to -€161,499, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €18,037 ▲1,521%
Operating result €20,418, net result €18,037, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 2 establishment units since 2012
Ground area
3.8 ha
Building footprint
1,977 m²
Volume, LiDAR
13,092 m³
2 parcels, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
IMMO 127
since 20122.247.002.921
IMMO 127
since 20202.323.165.341
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113B0446/00G002 | Wallonia | 3.7 ha | 1 · 301 m² | 7.8 m · 3 fl. |
| 62113B0466/00B003 | Wallonia | 1,076 m² | 1 · 1,675 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | INGRID VON FRENCKELL RUE DES AUGUSTINS 32,
4000 LIEGE 1 |
03-07-2025 → present |
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. 551 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.