IMMO 167
ActiveSummary
IMMO 167 has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.42M and a net result of €370k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 65% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+1
Solvency74▼-5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity short (current ratio 0.74 against 2.14 in 2023; short-term debt: 11.4% and cash: 4.4% of total assets), and 50.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.3%
Return on assets
4.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
6 d early
2022
28 d early
2021
2 d early
2020
1 d early
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€370k▲ 0.3%
2023 · €368k
2018: €70k
2019: €-476k▼ -783% vs 2018lowest in 7 years
2020: €-170k▲ +64.3% vs 2019
2021: €79k▲ +147% vs 2020
2022: €221k▲ +179% vs 2021
2023: €368k▲ +66.7% vs 2022
2024: €370k▲ +0.3% vs 2023highest in 7 years
2018 → 2024
Working capital
€-265k
2023 · €618k
2018: €840khighest in 7 years
2019: €467k▼ -44.4% vs 2018
2020: €403k▼ -13.7% vs 2019
2021: €585k▲ +45.0% vs 2020
2022: €618k▲ +5.8% vs 2021
2023: €618k▼ -0.1% vs 2022
2024: €-265k▼ -143% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.80M-€4.88M▲ 1.7%€4.89M▲ 0.2%€5.26M▲ 7.5%€4.42M▼ 16.0%
2020: €4.80M
2021: €4.88M▲ +1.7% vs 2020
2022: €4.89M▲ +0.2% vs 2021
2023: €5.26M▲ +7.5% vs 2022highest in 5 years
2024: €4.42M▼ -16.0% vs 2023lowest in 5 years
Operating result€-40k-€199k€331k▲ 66.0%€476k▲ 43.8%€567k▲ 19.1%
2020: €-40klowest in 5 years
2021: €199k▲ +600% vs 2020
2022: €331k▲ +66.0% vs 2021
2023: €476k▲ +43.8% vs 2022
2024: €567k▲ +19.1% vs 2023highest in 5 years
Net result€-170k-€79k€221k▲ 179%€368k▲ 66.7%€370k▲ 0.3%
2020: €-170klowest in 5 years
2021: €79k▲ +147% vs 2020
2022: €221k▲ +179% vs 2021
2023: €368k▲ +66.7% vs 2022
2024: €370k▲ +0.3% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 19% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.95M
Fixed assets
€8.19M ▼ 4.1%
Current assets
€758k ▼ 34.6%
Equity and liabilities €8.95M
Equity
€4.42M ▼ 16.0%
Debt
€4.53M ▲ 2.1%
Debt's share of the balance-sheet total rises from 45.8% to 50.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.09M▲
2023 · €999k
Cash flow
€893k▲
2023 · €892k
Current ratio
0.74▼
2023 · 2.14
Debt to equity
1.03▲
2023 · 0.84
ROE
8.4%▲
2023 · 7.0%
ROA
4.1%▲
2023 · 3.8%
Interest coverage
11.71▲
2023 · 9.96
Debt ≤ 1 year
€1.02M▲
2023 · €541k
Debt > 1 year
€3.47M▼
2023 · €3.90M
Income taxes
€123k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9.70M€8.95M▼
Fixed assets21/28€8.54M€8.19M▼
Tangible fixed assets22/27€8.54M€8.19M▼
Land and buildings22€8.30M€7.94M▼
Plant, machinery and equipment23€235k€243k▲
Furniture and vehicles24€9k€7k▼
Current assets29/58€1.16M€758k▼
Amounts receivable within one year40/41€15k€359k▲
Trade receivables40€15k€7k▼
Other amounts receivable41-€352k
Cash at bank and in hand54/58€1.12M€390k▼
Deferred charges and accrued income490/1€20k€9k▼
Equity and liabilities
Total equity and liabilities10/49€9.70M€8.95M▼
Equity10/15€5.26M€4.42M▼
Contributions10/11€5.22M€4.22M▼
Capital10€4.87M€4.22M▼
Issued capital100€4.87M€4.22M▼
Outside capital11€347k-
Share premium1100/10€347k-
Reserves13€185k€196k▲
Non-distributable reserves130/1€185k€196k▲
Legal reserve130€185k€196k▲
Profit (loss) carried forward14€-145k-
Amounts payable17/49€4.44M€4.53M▲
Amounts payable after more than one year17€3.90M€3.47M▼
Financial debts170/4€3.90M€3.47M▼
Amounts payable within one year42/48€541k€1.02M▲
Current portion of amounts payable after more than one year42€433k€542k▲
Trade debts44€2k€141k▲
Suppliers440/4€2k€141k▲
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€12k€7k▼
Other amounts payable47/48€93k€333k▲
Accrued charges and deferred income492/3-€45k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€523k€524k▲
Other operating charges640/8€170k€163k▼
Gross operating margin9900€1.17M€1.25M▲
Operating profit (loss)9901€476k€567k▲
Financial income75/76B€6k€19k▲
Recurring financial income75€6k€19k▲
Financial charges65/66B€100k€93k▼
Recurring financial charges65€100k€93k▼
Profit (loss) for the period before taxes9903€382k€493k▲
Income taxes67/77€13k€123k▲
Profit (loss) for the period9904€368k€370k▲
Profit (loss) for the period to be appropriated9905€368k€370k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-127k€224k▲
Profit (loss) brought forward from the previous period14P€-495k€-145k▲
Transfer to equity691/2€18k€11k▼
To the legal reserve6920€18k€11k▼
Profit to be distributed694/7-€213k
Return on contributions (dividend)694-€213k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €511k | €512k | €515k | €523k | €524k | ▲ 0.1% |
| Other operating charges640/8 | - | €139k | €145k | €170k | €163k | ▼ 4.0% |
| Gross operating margin9900 | €609k | €850k | €991k | €1.17M | €1.25M | ▲ 7.2% |
| Operating profit (loss)9901 | €-40k | €199k | €331k | €476k | €567k | ▲ 19.1% |
| Financial income75/76B | - | €0 | - | €6k | €19k | ▲ 217% |
| Recurring financial income75 | - | €0 | - | €6k | €19k | ▲ 217% |
| Financial charges65/66B | - | €120k | €110k | €100k | €93k | ▼ 7.2% |
| Recurring financial charges65 | €130k | €120k | €110k | €100k | €93k | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €-170k | €79k | €221k | €382k | €493k | ▲ 29.1% |
| Income taxes67/77 | - | - | - | €13k | €123k | ▲ 828% |
| Profit (loss) for the period9904 | €-170k | €79k | €221k | €368k | €370k | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €-170k | €79k | €221k | €368k | €370k | ▲ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.72M | €10.38M | €10.23M | €9.70M | €8.95M | ▼ 7.7% |
| Fixed assets21/28 | €9.83M | €9.32M | €8.89M | €8.54M | €8.19M | ▼ 4.1% |
| Tangible fixed assets22/27 | €9.83M | €9.32M | €8.89M | €8.54M | €8.19M | ▼ 4.1% |
| Land and buildings22 | - | €9.31M | €8.80M | €8.30M | €7.94M | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | €81k | €235k | €243k | ▲ 3.2% |
| Furniture and vehicles24 | - | €12k | €11k | €9k | €7k | ▼ 19.6% |
| Current assets29/58 | €890k | €1.06M | €1.34M | €1.16M | €758k | ▼ 34.6% |
| Amounts receivable within one year40/41 | €147k | €179k | €259k | €15k | €359k | ▲ 2,288% |
| Trade receivables40 | - | €179k | €259k | €15k | €7k | ▼ 56.1% |
| Other amounts receivable41 | - | - | - | - | €352k | - |
| Cash at bank and in hand54/58 | €699k | €831k | €1.05M | €1.12M | €390k | ▼ 65.3% |
| Deferred charges and accrued income490/1 | - | €47k | €32k | €20k | €9k | ▼ 53.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.72M | €10.38M | €10.23M | €9.70M | €8.95M | ▼ 7.7% |
| Equity10/15 | €4.80M | €4.88M | €4.89M | €5.26M | €4.42M | ▼ 16.0% |
| Contributions10/11 | €4.87M | €5.22M | €5.22M | €5.22M | €4.22M | ▼ 19.2% |
| Capital10 | - | €4.87M | €4.87M | €4.87M | €4.22M | ▼ 13.4% |
| Issued capital100 | - | €4.87M | €4.87M | €4.87M | €4.22M | ▼ 13.4% |
| Outside capital11 | - | €347k | €347k | €347k | - | - |
| Share premium1100/10 | - | €347k | €347k | €347k | - | - |
| Reserves13 | €155k | €155k | €166k | €185k | €196k | ▲ 6.1% |
| Non-distributable reserves130/1 | - | €155k | €166k | €185k | €196k | ▲ 6.1% |
| Legal reserve130 | - | €155k | €166k | €185k | €196k | ▲ 6.1% |
| Profit (loss) carried forward14 | €-575k | €-496k | €-495k | €-145k | - | - |
| Amounts payable17/49 | €5.92M | €5.50M | €5.34M | €4.44M | €4.53M | ▲ 2.1% |
| Amounts payable after more than one year17 | €5.20M | €4.77M | €4.33M | €3.90M | €3.47M | ▼ 11.1% |
| Financial debts170/4 | - | €4.77M | €4.33M | €3.90M | €3.47M | ▼ 11.1% |
| Amounts payable within one year42/48 | €487k | €473k | €724k | €541k | €1.02M | ▲ 89.0% |
| Current portion of amounts payable after more than one year42 | - | €433k | €433k | €433k | €542k | ▲ 25.0% |
| Trade debts44 | €21k | €8k | €14k | €2k | €141k | ▲ 6,311% |
| Suppliers440/4 | - | €8k | €14k | €2k | €141k | ▲ 6,311% |
| Taxes, remuneration and social security45 | - | - | - | €12k | €7k | ▼ 43.7% |
| Taxes450/3 | - | - | - | €12k | €7k | ▼ 43.7% |
| Other amounts payable47/48 | - | €32k | €277k | €93k | €333k | ▲ 257% |
| Accrued charges and deferred income492/3 | - | €260k | €285k | - | €45k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-170k | €79k | €221k | €368k | €370k | ▲ 0.3% |
| + Depreciation and write-downs630 | €511k | €512k | €515k | €523k | €524k | ▲ 0.1% |
| Operating cash flow (approximation) | €341k | €591k | €736k | €892k | €893k | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-84k | €-174k | €-175k | ▼ 0.3% |
| Change in cash | - | €133k | €221k | €71k | €-734k | ▼ 1,130% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €370k ▲0.3%
Operating result €567k, net result €370k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5MEq €5.26M ▲7.5%
3 profitable years in a row build equity to €5.26M.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €79k
Net result €79k after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
31-12
Financial
Weakest financial yearnet €-476k
Net result drops to €-476k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 25 acts read
About the unread acts
We know of 25 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
25 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, Watermaal-Bosvoorde · 1 establishment unit since 2001
Ground area
1.3 ha
Building footprint
3,156 m²
Volume, LiDAR
58,570 m³
2 parcels, Brussels · tallest building 36.3 m, ±8 floors. Linked by address, not a title deed.
288
companies at this address
See who is registered here
1 establishment unit
IMMO 167
since 20012.096.455.456
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0530/00A000 | Brussels | 7,566 m² | 1 · 1,645 m² | 34.4 m · 8 fl. |
| 21652E0039/00H003 | Brussels | 5,127 m² | 1 · 1,510 m² | 36.3 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
8755006LSH8B9V9VQQ25
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 2,814 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
Founded15-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
77399Renting and leasing of other machinery, equipment and tangible goods
Scores and ratios are computed by Checked and are not a credit decision.