IMMO 2015
ActiveSummary
IMMO 2015 has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€84,834) and a net result of €178,958. Equity is shrinking by ~5.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+43
Solvency20▲+10
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.04 in 2024; short-term debt: 17.2% and cash: 1.5% of total assets), and equity is negative.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
6 d early
2023
7 d early
2022
31 d early
2021
16 d late
2020
12 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 25 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€84,834▲ 67.8%
2024 · -€263,792
Total assets
€1.6m▼ 8.3%
2024 · €1.8m
Net result
€178,958▲ 1,685%
2024 · €10,024
Working capital
-€206,681▲ 41.4%
2024 · -€352,442
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,764▲ 7.2%€11,992▼ 36.1%€19,563▲ 63.1%€44,163▲ 126%€255,111▲ 478%
Net result-€15,336▼ 45.7%-€20,614▼ 34.4%-€13,541▲ 34.3%€10,024€178,958▲ 1,685%
Equity-€239,661▼ 6.8%-€260,276▼ 8.6%-€273,817▼ 5.2%-€263,792▲ 3.7%-€84,834▲ 67.8%
Total assets€1.9m▼ 2.6%€1.8m▼ 4.5%€1.8m▼ 0.2%€1.8m▼ 3.5%€1.6m▼ 8.3%
Debt€2.1m▼ 1.5%€2.1m▼ 3.0%€2.1m▲ 0.6%€2.0m▼ 3.5%€1.6m▼ 18.3%
Working capital-€297,760▼ 12.6%-€330,058▼ 10.8%-€357,632▼ 8.4%-€352,442▲ 1.5%-€206,681▲ 41.4%
Turnover and EBIT margin not published: the 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 478% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.5m ▼ 11.5%
Current assets
€69,437 ▲ 320%
Equity and liabilities
Equity-€84,834
Debt€1.6m
Equity is negative: debt (€1.6m) exceeds the balance-sheet total (€1.6m).
Key figures and ratios
EBITDA
€294,857▲
2024 · €92,031
Cash flow
€218,704▲
2024 · €57,893
Solvency
-5.3%▲
2024 · -15.1%
Current ratio
0.25▲
2024 · 0.04
ROA
11.1%▲
2024 · 0.6%
Interest coverage
8.47▲
2024 · 2.52
Debt ≤ 1 year
€276,117▼
2024 · €368,989
Debt > 1 year
€1.4m▼
2024 · €1.6m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €201,880 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,678 | €52,900 | €46,653 | €47,869 | €39,746 | ▼ 17.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,340 | - | - | - | - |
| Other operating charges640/8 | €18,648 | €13,367 | €12,371 | €13,566 | €14,448 | ▲ 6.5% |
| Gross operating margin9900 | €90,091 | €80,598 | €78,587 | €105,597 | €309,305 | ▲ 193% |
| Operating profit (loss)9901 | €18,764 | €11,992 | €19,563 | €44,163 | €255,111 | ▲ 478% |
| Financial income75/76B | - | - | €0 | €576 | €138 | ▼ 76.0% |
| Recurring financial income75 | - | - | €0 | €576 | €138 | ▼ 76.0% |
| Financial charges65/66B | €35,970 | €34,476 | €34,974 | €36,584 | €34,822 | ▼ 4.8% |
| Recurring financial charges65 | €35,970 | €34,476 | €34,974 | €36,584 | €34,822 | ▼ 4.8% |
| Profit (loss) for the period before taxes9903 | -€17,206 | -€22,484 | -€15,411 | €8,155 | €220,427 | ▲ 2,603% |
| Transfer from deferred taxes780 | €1,870 | €1,870 | €1,870 | €1,870 | €9,004 | ▲ 382% |
| Transfer to deferred taxes680 | - | - | - | - | €50,473 | - |
| Profit (loss) for the period9904 | -€15,336 | -€20,614 | -€13,541 | €10,024 | €178,958 | ▲ 1,685% |
| Transfer from tax-exempt reserves789 | €3,631 | €3,631 | €3,631 | €3,631 | €17,486 | ▲ 382% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €151,418 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,705 | -€16,983 | -€9,910 | €13,655 | €45,026 | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.8m | €1.8m | €1.8m | €1.6m | ▼ 8.3% |
| Fixed assets21/28 | €1.8m | €1.8m | €1.8m | €1.7m | €1.5m | ▼ 11.5% |
| Tangible fixed assets22/27 | €941,094 | €907,695 | €878,312 | €837,707 | €639,015 | ▼ 23.7% |
| Land and buildings22 | €937,717 | €905,887 | €878,074 | €835,822 | €637,523 | ▼ 23.7% |
| Plant, machinery and equipment23 | €3,378 | €1,808 | €238 | €1,885 | €1,492 | ▼ 20.9% |
| Financial fixed assets28 | €897,328 | €897,328 | €897,328 | €897,328 | €897,328 | = |
| Current assets29/58 | €66,990 | €14,168 | €39,650 | €16,547 | €69,437 | ▲ 320% |
| Amounts receivable within one year40/41 | €127 | - | €29,800 | €149 | €45,041 | ▲ 30,032% |
| Trade receivables40 | €127 | - | €29,800 | €0 | €45,000 | - |
| Other amounts receivable41 | - | - | - | €149 | €41 | ▼ 72.3% |
| Cash at bank and in hand54/58 | €66,863 | €14,168 | €9,850 | €16,398 | €24,395 | ▲ 48.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.8m | €1.8m | €1.6m | ▼ 8.3% |
| Equity10/15 | -€239,661 | -€260,276 | -€273,817 | -€263,792 | -€84,834 | ▲ 67.8% |
| Contributions10/11 | €161,973 | €161,973 | €161,973 | €161,973 | €161,973 | = |
| Capital10 | €161,973 | €161,973 | - | - | - | - |
| Issued capital100 | €161,973 | €161,973 | - | - | - | - |
| Reserves13 | €28,379 | €24,748 | €21,117 | €17,486 | €151,418 | ▲ 766% |
| Tax-exempt reserves132 | €28,379 | €24,748 | €21,117 | €17,486 | €151,418 | ▲ 766% |
| Profit (loss) carried forward14 | -€430,014 | -€446,997 | -€456,907 | -€443,251 | -€398,225 | ▲ 10.2% |
| Provisions and deferred taxes16 | €14,613 | €12,743 | €10,874 | €9,004 | €50,473 | ▲ 461% |
| Deferred taxes168 | €14,613 | €12,743 | €10,874 | €9,004 | €50,473 | ▲ 461% |
| Amounts payable17/49 | €2.1m | €2.1m | €2.1m | €2.0m | €1.6m | ▼ 18.3% |
| Amounts payable after more than one year17 | €1.8m | €1.7m | €1.7m | €1.6m | €1.4m | ▼ 16.7% |
| Financial debts170/4 | €1.8m | €1.7m | €1.7m | €1.6m | €1.4m | ▼ 16.7% |
| Amounts payable within one year42/48 | €364,750 | €344,226 | €397,282 | €368,989 | €276,117 | ▼ 25.2% |
| Current portion of amounts payable after more than one year42 | €58,095 | €58,095 | €58,095 | €58,096 | €48,095 | ▼ 17.2% |
| Trade debts44 | €154 | €1,335 | €80 | €191 | €1,424 | ▲ 647% |
| Suppliers440/4 | €154 | €1,335 | €80 | €191 | €1,424 | ▲ 647% |
| Taxes, remuneration and social security45 | €3,711 | €3,372 | €3,641 | €3,859 | €3,443 | ▼ 10.8% |
| Taxes450/3 | €3,711 | €3,372 | €3,641 | €3,859 | €3,443 | ▼ 10.8% |
| Other amounts payable47/48 | €302,789 | €281,424 | €335,466 | €306,844 | €223,155 | ▼ 27.3% |
| Accrued charges and deferred income492/3 | €544 | €544 | €2,019 | €1,275 | €544 | ▼ 57.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,336 | -€20,614 | -€13,541 | €10,024 | €178,958 | ▲ 1,685% |
| + Depreciation and write-downs630 | €52,678 | €52,900 | €46,653 | €47,869 | €39,746 | ▼ 17.0% |
| Operating cash flow (approximation) | €37,342 | €32,285 | €33,112 | €57,893 | €218,704 | ▲ 278% |
| Investment in fixed assets (approximation) | - | -€19,500 | -€17,270 | -€7,264 | €158,946 | ▲ 2,288% |
| Change in cash | - | -€52,695 | -€4,318 | €6,548 | €7,998 | ▲ 22.1% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €178,958 ▲1,685%
Operating result €255,111, net result €178,958, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €10,024
Net result €10,024 after 6 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ninove · 1 establishment unit since 2000
Ground area
3,810 m²
Building footprint
433 m²
Volume, LiDAR
2,045 m³
2 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Pietersstraat 4, 9402 Ninove
since 20002.115.749.152
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41049A0252/00E000 | Flanders | 2,204 m² | 1 · 329 m² | 7.3 m · 1 fl. |
| 41038A0799/00P000 | Flanders | 1,605 m² | 1 · 103 m² | 11.2 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of IMMO 2015 and those 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.
Company details
Identification
Legal formPrivate limited company
Founded24-01-2000
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0469983806
Also
9925:BE0469983806
Registered
02-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.