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IMMO 177

Active
Private limited company (pre-2019)·Administratieve en ondersteunende activiteiten ten behoeve van kantoren· 55 yrs active
Terhulpsesteenweg 185 ·1170 Watermaal-Bosvoorde, Belgium
KBO/BCE: BE 0407.244.701
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age55 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of IMMO 177 is 0.3% (very low). The 2025 annual accounts show equity of €127k and a net result of €51k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 1066 sector peers (fiscal year 2025). The company has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

3 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 1066 peers (2025). A comfortable equity buffer.
View the sector comparison
Consistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend
Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Trust signals

2 signals
Long-established
Founded in 1970, 55 years in business.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.3% Very low
0%0,5%1,5%4%10%≥25%
Long track record Higher-failure-rate region +Lower-failure-rate sector

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€51k+3407.9%
Working capital€122k+1.2%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 17-06-2026 with the NBB · fiscal year 2025 · micro
€-100k€-50k€0€50kOperating result 2021: €-4k€-4kNet result 2021: €-974€-974Operating result 2022: €-64k€-64kNet result 2022: €-60k€-60kOperating result 2023: €-49k€-49kNet result 2023: €-43k€-43kOperating result 2024: €-2k€-2kNet result 2024: €1k€1kOperating result 2025: €45k€45kNet result 2025: €51k€51k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~8.6%/year over 8 fiscal years, indicative, assuming unchanged policy.
€-600k€-400k€-200k€0€200k2026: €82k (€25k - €140k)2027: €69k (€-23k - €162k)2028: €56k (€-71k - €184k)2018: €-488k2019: €208k2020: €178k2021: €177k2022: €118k2023: €74k2024: €76k2025: €127k20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 82 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 100.0% 51.1%
better than 95% of 1066 sector peers
Net result €51k €24k
better than 70% of 1066 sector peers
Equity €127k €51k
better than 76% of 1067 sector peers
Gross operating margin €-242 €46k
better than 8% of 1066 sector peers
Total assets €127k €117k
better than 53% of 1067 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P95
2020: P45 · n=3972021: P62 · n=8672022: P45 · n=17332023: P38 · n=25342024: P58 · n=31632025: P95 · n=10662020 2025
Improving position over 2020-2025 · n=397-3163
Net result P70
2020: P8 · n=3972021: P23 · n=8662022: P5 · n=17302023: P5 · n=25302024: P25 · n=31622025: P70 · n=10662020 2025
Improving position over 2020-2025 · n=397-3162
Equity P76
2020: P83 · n=3982021: P88 · n=8702022: P85 · n=17352023: P70 · n=25352024: P68 · n=31652025: P76 · n=10672020 2025
Weakening position over 2020-2025 · n=398-3165
Gross operating margin P8
2020: P5 · n=3942021: P5 · n=8642022: P20 · n=17282023: P5 · n=25292024: P10 · n=31622025: P8 · n=10662020 2025
Stable position over 2020-2025 · n=394-3162
Describes the position versus peers, not a forecast.
EBITDA
€958k
+732.3% far above sector median
Net profit
€51k
+3407.9% far above sector median
Cash flow
€188k
- far above sector median
Total assets
€127k
+3.1% -22% vs sector
Equity
€127k
+67.7% +78% vs sector
Working capital
€122k
+1.2% +264% vs sector
Employees (FTE)
0
-70.0% -77% vs sector
Income taxes
€195k
- far above sector median
Debt
€925
-98.8% -99% vs sector
Debt ≤ 1y
€925
-98.8% -95% vs sector
Debt > 1y
€0
-100.0% -100% vs sector
Current ratio
133.05
+4974.1% far above sector median
Quick ratio
133.05
+4974.1% far above sector median
Solvency
100.0%
+62.7% +76% vs sector
Debt / equity
0.01
-98.8% -99% vs sector
ROE
40.4%
+1991.8% far above sector median
ROA
40.4%
+3303.4% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€51k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€127k
Equity€127k
Debt-
of which ≤ 1y-
of which > 1y-
Working capital-
Employees (FTE)-
Ratios (computed)
2025
Current ratio-
Quick ratio-
Working capital ratio-
Solvency100.0%
Debt / equity-
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA40.4%
ROE40.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€127k
Current assets 29/58€127k
Amounts receivable within one year 40/41€112k
Cash & bank 54/58€15k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€127k
Equity 10/15€127k
Contributions / capital 10/11€19k
Reserves 13€110k
Accumulated profits (losses) 14€-1k
Income statement
Gross operating margin 9900€-242
Operating result 9901€45k
Financial income 75€6k
Financial charges 65€101
Result before taxes 9903€51k
Net result for the period 9904€51k
Result to be appropriated 9905€51k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
68 / 100 Healthy
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register
167 companies at this address See who is registered here

Establishment units

1 location
IMMO 177
Terhulpsesteenweg 185, 1170 Watermaal-BosvoordeHandelsbemiddeling in de niet-gespecialiseerde groothandel
since 20002.004.798.473
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area7,608 m²
Buildings1
Building footprint1,019 m²
Volume (LiDAR)29,191 m³
Tallest building35.8 m · ±10 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0042/00H002
ProtectedMonument · Site or landscapeCBRSource ↗
Brussels 7,608 m² 1 · 1,019 m² 35.8 m · 10 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Analysis

Snowflake analysis

financial profile on 5 axes
Health68Profitability100Solvency100Growth78Stability100
89 / 100

Exceptional profile, strong across almost every axis.

Health 68
Profitability 100
Solvency 100
Growth 78
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100
Primary activity highlighted.
Names & trade names
Legal nameFR IMMO 177
Registered office
Terhulpsesteenweg 185
1170 Watermaal-Bosvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.