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IMMO 2004

Active
Public limited companyfounded 200422 years activeRue des Rentiers(PAU) 125, 7100 La Louvière, BelgiumKBO/BCE: BE 0866.752.012
Summary

The computed 12-month bankruptcy probability of IMMO 2004 is 1.6% (moderate). The 2024 annual accounts show negative equity (-€34,543) and a net result of €987. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 19,385 sector peers (NACE 68, fiscal year 2024). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€94,429total assets 2024
Equity
-€34,543
Profit
€987
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.6%
Structure
Accounts 69 days overdue0 of 3 deeds read
Why 54- Figures for FY 2024 (filed 23-09-2025)- Liquidity: current ratio 0.37, cash €382, halved- 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late+ Size: total assets €94,429Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 30% of its sector peers (NACE 68, micro)
Financial strength · tick = 2023
Weak
Solvency 0=
equity -36.6% of total assets
Liquidity 1-9
short-term debt 136.6% · cash 0.4%
Profitability 70+20
return on assets 1.0%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,530 companies)
Last 24 months 11-2024: 2.4% 12-2024: 2.4%● unchanged vs 11-2024 01-2025: 2.3%▼ -0.1 percentage points vs 12-2024 02-2025: 2.3%● unchanged vs 01-2025 03-2025: 2.2%▼ -0.1 percentage points vs 02-2025 04-2025: 2.2%● unchanged vs 03-2025 05-2025: 2.1%▼ -0.1 percentage points vs 04-2025 06-2025: 2.0%▼ -0.1 percentage points vs 05-2025 07-2025: 2.1%▲ +0.1 percentage points vs 06-2025 08-2025: 2.4%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 2.3%▼ -0.1 percentage points vs 08-2025 10-2025: 0.9%▼ -1.4 percentage points vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.8%▼ -0.1 percentage points vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026lowest value 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.4 percentage points vs 07-2026 09-2026: 1.3%▲ +0.1 percentage points vs 08-2026 10-2026: 1.6%▲ +0.3 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.37 against 0.32 in 2023; short-term debt: 136.6% and cash: 0.4% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 5% on solvency, 3% on liquidity, 59% on profitability and 54% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 23-09-2025)
NBB · annual accounts
lowers risk · Size: total assets €94,429
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.37, cash €382, halved
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 19385 sector peers (2024).
NBB · sector comparison
Position among 19385 sector peers
Solvency
better than 8%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 filings
Deviation from the deadline
2025
not confirmed
2024
54 days late
2023
85 days late
2022
120 days late
2021
108 days late
2020
59 days late
2019
87 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 86 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 (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Back to profitnet €987
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€34,543 View
  • Positive: Back in profit in 2024after -€56,717 in 2023 €987 View
  • Caution: Among the weakest 9% on solvencysector median 31.1% · 19,385 companies -36.6% View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View

By topic

Financials

Fiscal year
2024
Total assets
€94,429
Profit
€987
Solvency
-36.6%
Total assets▼ 2.7%
Net result
20182024
Go to Financials

Timeline

Events
13
Since
2016
  1. 31-12-2023Weakest financial year
  2. 28-11-2023Annual accounts filed
  3. 16-11-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
12-08-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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