IMMO 2
ActiveSummary
IMMO 2 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,077 and a net result of €20,731. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 88% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 26.74 against 22.84 in 2024; short-term debt: 3.3% and cash: 39.6% of total assets), and 13.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
86.4%
Return on assets
11.6%
Age of the figures
9 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 16-07-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
4 d late
2023
42 d early
2022
12 d early
2021
52 d early
2020
50 d early
2019
44 d early
← 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 30 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€18,367
EBIT margin
29.1%
Net result
€20,731▲ 7.8%
2024 · €19,225
Working capital
€152,176▲ 16.1%
2024 · €131,059
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
Line20212022202320242025
Turnover
Operating result€42,292▲ 130%€3,836▼ 90.9%€17,511▲ 357%€24,810▲ 41.7%€26,199▲ 5.6%
Net result€32,991within the sector's middle half▲ 123%€413within the sector's middle half▼ 98.7%€16,468within the sector's middle half▲ 3,889%€19,225within the sector's middle half▲ 16.7%€20,731within the sector's middle half▲ 7.8%
EBIT margin
Equity€97,241within the sector's middle half▲ 51.3%€97,653within the sector's middle half▲ 0.4%€114,122within the sector's middle half▲ 16.9%€133,347within the sector's middle half▲ 16.8%€154,077within the sector's middle half▲ 15.5%
Total assets€121,503below the sector's middle half▲ 32.6%€123,534below the sector's middle half▲ 1.7%€135,894below the sector's middle half▲ 10.0%€157,282below the sector's middle half▲ 15.7%€178,310below the sector's middle half▲ 13.4%
Debt€24,263▼ 4.6%€25,881▲ 6.7%€21,773▼ 15.9%€23,935▲ 9.9%€24,233▲ 1.2%
Working capital€69,749▲ 94.7%€94,352▲ 35.3%€111,172▲ 17.8%€131,059▲ 17.9%€152,176▲ 16.1%
Solvency80.0%above the sector's middle half▲ 9.9pp79.0%above the sector's middle half▼ 1.0pp84.0%above the sector's middle half▲ 4.9pp84.8%above the sector's middle half▲ 0.8pp86.4%above the sector's middle half▲ 1.6pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €178,310
Fixed assets
€20,223 =
Current assets
€158,088 ▲ 15.3%
Equity and liabilities €178,310
Equity
€154,077 ▲ 15.5%
Debt
€24,233 ▲ 1.2%
Debt's share of the balance-sheet total falls from 15.2% to 13.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
26.74▲
2024 · 22.84
Debt to equity
0.16▼
2024 · 0.18
ROE
13.5%▼
2024 · 14.4%
ROA
11.6%▼
2024 · 12.2%
Debt ≤ 1 year
€5,912▼
2024 · €6,000
Income taxes
€6,727▲
2024 · €5,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,523 | €1,051 | €0 | - | - | - |
| Other operating charges640/8 | €549 | €500 | €543 | €555 | €620 | ▲ 11.6% |
| Non-recurring operating charges66A | - | €21,431 | €0 | - | - | - |
| Gross operating margin9900 | €45,364 | €26,817 | €18,055 | €25,365 | €26,819 | ▲ 5.7% |
| Operating profit (loss)9901 | €42,292 | €3,836 | €17,511 | €24,810 | €26,199 | ▲ 5.6% |
| Financial income75/76B | - | - | €497 | €386 | €1,319 | ▲ 242% |
| Recurring financial income75 | - | - | €497 | €386 | €1,319 | ▲ 242% |
| Financial charges65/66B | €30 | €2,129 | -€2,061 | €30 | €60 | ▲ 100% |
| Recurring financial charges65 | €30 | €2,129 | -€2,061 | €30 | €60 | ▲ 100% |
| Profit (loss) for the period before taxes9903 | €42,262 | €1,707 | €20,069 | €25,166 | €27,458 | ▲ 9.1% |
| Transfer from deferred taxes780 | €1,935 | €0 | - | - | - | - |
| Income taxes67/77 | €11,206 | €1,294 | €3,600 | €5,941 | €6,727 | ▲ 13.2% |
| Profit (loss) for the period9904 | €32,991 | €413 | €16,468 | €19,225 | €20,731 | ▲ 7.8% |
| Transfer from tax-exempt reserves789 | €1,206 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €34,197 | €413 | €16,468 | €19,225 | €20,731 | ▲ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,503 | €123,534 | €135,894 | €157,282 | €178,310 | ▲ 13.4% |
| Fixed assets21/28 | €42,705 | €20,223 | €20,223 | €20,223 | €20,223 | = |
| Tangible fixed assets22/27 | €42,705 | €20,223 | €20,223 | €20,223 | €20,223 | = |
| Land and buildings22 | €42,705 | €20,223 | €20,223 | €20,223 | €20,223 | = |
| Current assets29/58 | €78,799 | €103,311 | €115,672 | €137,059 | €158,088 | ▲ 15.3% |
| Amounts receivable within one year40/41 | - | - | €2,232 | €867 | €902 | ▲ 4.1% |
| Other amounts receivable41 | - | - | €2,232 | €867 | €902 | ▲ 4.1% |
| Current investments50/53 | - | €82,901 | €85,339 | €85,609 | €86,532 | ▲ 1.1% |
| Cash at bank and in hand54/58 | €78,799 | €20,410 | €28,102 | €50,584 | €70,653 | ▲ 39.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,503 | €123,534 | €135,894 | €157,282 | €178,310 | ▲ 13.4% |
| Equity10/15 | €97,241 | €97,653 | €114,122 | €133,347 | €154,077 | ▲ 15.5% |
| Contributions10/11 | €10,885 | €10,885 | €10,885 | €10,885 | €10,885 | = |
| Reserves13 | €1,354 | €1,354 | €1,354 | €1,354 | €143,192 | ▲ 10,476% |
| Non-distributable reserves130/1 | €1,089 | €1,089 | €1,089 | €1,089 | €1,089 | = |
| Reserves not available under the articles1311 | €1,089 | €1,089 | €1,089 | €1,089 | €1,089 | = |
| Distributable reserves133 | €265 | €265 | €265 | €265 | €142,104 | ▲ 53,427% |
| Profit (loss) carried forward14 | €85,002 | €85,414 | €101,883 | €121,108 | €0 | ▼ 100% |
| Amounts payable17/49 | €24,263 | €25,881 | €21,773 | €23,935 | €24,233 | ▲ 1.2% |
| Amounts payable within one year42/48 | €9,050 | €8,960 | €4,500 | €6,000 | €5,912 | ▼ 1.5% |
| Trade debts44 | €2,750 | €8,960 | €2,000 | €2,000 | €2,080 | ▲ 4.0% |
| Suppliers440/4 | €2,750 | €8,960 | €2,000 | €2,000 | €2,080 | ▲ 4.0% |
| Taxes, remuneration and social security45 | €6,300 | €0 | €2,500 | €4,000 | €3,832 | ▼ 4.2% |
| Taxes450/3 | €6,300 | €0 | €2,500 | €4,000 | €3,832 | ▼ 4.2% |
| Accrued charges and deferred income492/3 | €15,213 | €16,921 | €17,273 | €17,935 | €18,321 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,991 | €413 | €16,468 | €19,225 | €20,731 | ▲ 7.8% |
| + Depreciation and write-downs630 | €2,523 | €1,051 | €0 | - | - | - |
| Operating cash flow (approximation) | €35,514 | €1,464 | €16,468 | €19,225 | €20,731 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | €21,431 | €0 | €0 | €0 | - |
| Change in cash | - | -€58,388 | €7,691 | €22,482 | €20,070 | ▼ 10.7% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150,000Eq €154,077 ▲15.5%
7 profitable years in a row build equity to €154,077.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 25.70
Current ratio from 11.53 to 25.70; short-term debt falls from €8,960 to €4,500.
31-12
Financial
Equity above €100,000Eq €114,122 ▲16.9%
5 profitable years in a row build equity to €114,122.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €413 ▼98.7%
Net result drops to €413, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2019net €32,991 ▲123%
Operating result €42,292, net result €32,991, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.39
Current ratio from 1.57 to 4.39.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Rijkevorsel · 1 establishment unit since 2019
Ground area
4,462 m²
Building footprint
1,262 m²
Volume, LiDAR
84 m³
Parcel 13502E0032/00Z003, Flanders · tallest building 7.9 m. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
IMMO 2
since 20192.374.925.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502E0032/00Z003 | Flanders | 4,462 m² | 1 · 1,262 m² | 7.9 m |
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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
40%
-
29%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,618 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
Founded06-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727840884
Also
9925:BE0727840884
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.