IMMO.255

Active

Public limited companyfounded 198936 yrs activeWaterlose Steenweg 255, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0438.651.816

IMMO.255 has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €431k and a net result of €412k. Equity is growing by ~10.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2025

100 / 100

Excellent▲ +44 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+66

Solvency100▲+37

Growth78=

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €45k at 30 days acceptable

Liquidity ample (current ratio 2.18 against 0.34 in 2024), and 23.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

76.4%

Return on assets

73.1%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

51 d early

2024

31 d early

2023

43 d early

2022

53 d early

2021

47 d early

2020

46 d early

2019

52 d late

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€412k▲ 1,773%

2024 · €22k

2020: €-31k 2021: €-6k 2022: €10k 2023: €51k 2024: €22k

2020 → 2025

Working capital

€158k

2024 · €-173k

2020: €-181k 2021: €-198k 2022: €-204k 2023: €-166k 2024: €-173k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€244k-€254k▲ 4.2%€305k▲ 20.0%€327k▲ 7.2%€431k▲ 32.0%

Operating result€28k-€37k▲ 35.1%€69k▲ 84.1%€33k▼ 52.4%€415k▲ 1,169%

Net result€-6k-€10k€51k▲ 398%€22k▼ 56.6%€412k▲ 1,773%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 1,169% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €564k

48.4%

51.6%

Fixed assets €273k▼ 49.1%

Current assets €291k▲ 223%

Equity and liabilities €564k

76.4%

23.6%

Equity €431k▲ 32.0%

Debt €133k▼ 55.5%

The debt ratio falls from 47.9% to 23.6%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€454k▲

2024 · €137k

Cash flow

€451k▲

2024 · €127k

Solvency

76.4%▲

2024 · 52.1%

Current ratio

2.18▲

2024 · 0.34

Quick ratio

2.18▲

2024 · 0.34

Debt / equity

0.31▼

2024 · 0.92

ROE

95.7%▲

2024 · 6.7%

ROA

73.1%▲

2024 · 3.5%

Interest coverage

148.84▲

2024 · 12.83

Debt

€133k▼

2024 · €300k

Debt ≤ 1 year

€133k▼

2024 · €263k

Debt > 1 year

€0▼

2024 · €34k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€627k€564k▼

Fixed assets21/28€536k€273k▼

Tangible fixed assets22/27€523k€268k▼

Land and buildings22€31k€265k▲

Leasing and similar rights25€196k€0▼

Other tangible fixed assets26€295k€2k▼

Financial fixed assets28€13k€6k▼

Current assets29/58€90k€291k▲

Amounts receivable within one year40/41€350€104k▲

Trade receivables40€0€104k▲

Other amounts receivable41€350€0▼

Cash at bank and in hand54/58€10k€187k▲

Deferred charges and accrued income490/1€80k€0▼

Equity and liabilities

Total equity and liabilities10/49€627k€564k▼

Equity10/15€327k€431k▲

Contributions10/11€130k€62k▼

Capital10€130k€62k▼

Issued capital100€130k€62k▼

Revaluation surpluses12€424k€309k▼

Reserves13€60k€6k▼

Non-distributable reserves130/1€11k€6k▼

Legal reserve130€11k€6k▼

Tax-exempt reserves132€133€133=

Distributable reserves133€49k€0▼

Profit (loss) carried forward14€-287k€54k▲

Amounts payable17/49€300k€133k▼

Amounts payable after more than one year17€34k€0▼

Financial debts170/4€34k€0▼

Amounts payable within one year42/48€263k€133k▼

Current portion of amounts payable after more than one year42€134k€0▼

Trade debts44€43k€62k▲

Suppliers440/4€43k€62k▲

Other amounts payable47/48€87k€72k▼

Accrued charges and deferred income492/3€3k€0▼

Income statement Code20242025

Non-recurring operating income76A€0€525▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105k€38k▼

Other operating charges640/8€43k€154k▲

Non-recurring operating charges66A€2k€0▼

Gross operating margin9900€182k€608k▲

Operating profit (loss)9901€33k€415k▲

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€11k€3k▼

Recurring financial charges65€11k€3k▼

Profit (loss) for the period before taxes9903€22k€412k▲

Profit (loss) for the period9904€22k€412k▲

Profit (loss) for the period to be appropriated9905€22k€412k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-284k€125k▲

Profit (loss) brought forward from the previous period14P€-306k€-287k▲

Transfer to equity691/2€4k€0▼

To the legal reserve6920€4k€0▼

Profit to be distributed694/7-€71k

Return on contributions (dividend)694-€71k

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 43Financial 3Gazette 30Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Highest result since 2020net €412k ▲1773%

Operating result €415k, net result €412k, both a record.

31-12

Financial Liquidity times 6current ratio 2.18

Current ratio from 0.34 to 2.18; short-term debt falls from €263k to €133k.

28-10

State Gazette act Capital & shares · Statutes amendment

General meeting · Approval · Capital decrease9 facts ▸

General meeting, 2025-10-20
Approval, dividende, 48892.74
Capital decrease, €68.267,87
Reserve release, réserve légale
Approval, dividende, 4531
Statutes amendment
Capital, €61.500
Corporate purpose, toutes opérations immobilières généralement quelconques et, notamment, l'achat, la vente, la promotion, la mise en valeur, la construction, l'appropriation, la…
Power of attorney, IMMO.255

30-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

27-11

State Gazette act Resignations & appointments

Board meeting · Director resignation2 facts ▸

Board meeting, 2024-09-26
Director resignation, Luc Deleuze (Administrateur)

18-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

08-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Back to profitnet €10k

Net result €10k after 2 loss-making years.

07-09

State Gazette act Resignations & appointments

General meeting · Director reappointment · Permanent representative9 facts ▸

General meeting, 2022-05-23
Director reappointment, Marc THILL (administrateur)
Director reappointment, Philippe VAN HALTEREN (administrateur)
Director reappointment, Luc DELEUZE (administrateur)
Director reappointment, HELIOTROPE sprl (administrateur)
Permanent representative, Alain WOUTERS
Director reappointment, Philippe BULTOT (administrateur)
Director reappointment, Bruno CABALLE (administrateur)
Director reappointment, Christian JADOT (administrateur)

14-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

15-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

21-09

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 52 days late

2019

02-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

06-06

State Gazette act Resignations & appointments

Board meeting · Director resignation · Power of attorney13 facts ▸

Board meeting, 2019-01-21
Director resignation, Quartier Libre sprl (administrateur et administrateur-délégué)
Power of attorney, Héliotrope sprl
General meeting, 2019-01-28
Director discharge, Quartier Libre sprl
Director appointment, Marc THILL (administrateur)
Director appointment, Philippe VAN HALTEREN (administrateur)
Director appointment, Luc DELEUZE (administrateur)
Director appointment, Héliotrope sprl (administrateur)
Director appointment, Philippe BULTOT (administrateur)
Director appointment, Bruno CABALLE (administrateur)
Director appointment, Christian JADOT (administrateur)
+1 further facts in this act

16-01

State Gazette act Resignations & appointments · Restructuring

Demerger · Share cancellation · Reserve release13 facts ▸

Demerger, apport des moyens humains et matériels afférents à l'activité d'architecte
Share cancellation, 2025, actions propres
Reserve release, 209264, EUR
Capital decrease, €201.548,13
Capital, €129.767,87
Purpose change, La société peut accomplir, pour son compte propre uniquement, toutes opérations immobilières généralement quelconques et, notamment, l'achat, la vente, la promo…
Name change, IMMO.255
Statutes amendment
Auditor report, 2018-10-25
Auditor report, 2018-12-11
Asset transfer, EUR
Demerger valuation, EUR, 9.71
+1 further facts in this act

2018

09-10

State Gazette act Restructuring

Demerger · Capital · Corporate purpose11 facts ▸

Demerger, scission partielle
Capital, €331.316
Corporate purpose, l'exercice par ses actionnaires, pour compte de la société, de la profession d'architecte ainsi que toute discipline connexe et non-incompatible
Capital, €1.000.000
Corporate purpose, l'exercice de la profession d'architecte
Share cancellation, 2025, actions propres
Reserve release, 4930.0, EUR
Net-asset statement, 2018-06-30
Net-asset statement, 2018-06-30
Share issue, 28916, rémunération de l'apport en nature
Power of attorney, Hugues Vangindertael

31-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 31 days late

15-05

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Auditor appointment6 facts ▸

General meeting, 2017-12-21
Auditor reappointment, annulled, 2017-01-23
Auditor appointment, Callens, Pirenne, Theunissen & C° (commissaire)
Permanent representative, Gonzague Lepine
Director resignation, Thierry CHERPION (administrateur)
Director discharge, Thierry CHERPION

30-04

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Permanent representative6 facts ▸

General meeting, 2017-12-21
Auditor appointment, Callens, Pirenne, Theunissen & C° (commissaire)
Permanent representative, Gonzague Lepine
Director resignation, Thierry CHERPION (administrateur)
Director discharge, Thierry CHERPION
Auditor removal, 2017-12-21

2017

30-10

State Gazette act Statutes amendment

General meeting · Statutes amendment · Power of attorney5 facts ▸

General meeting, 2017-09-28
Statutes amendment
Statutes amendment
Power of attorney, Stéphanie Ernaelsteen
Power of attorney, Anne-Catherine Guiot

21-03

NBB filing Annual accounts filed

fiscal year 2016 · full schema

10-03

State Gazette act Resignations & appointments

General meeting · Director reappointment · Director appointment12 facts ▸

General meeting, 2017-01-23
Director reappointment, Marc Thill (administrateur)
Director reappointment, Deleuze & Associés sprl (administrateur)
Director reappointment, Héliotrope sprl (administrateur)
Director reappointment, Philippe Bultot (administrateur)
Director reappointment, Bruno Caballé (administrateur)
Director reappointment, Gilles Bourgeois (administrateur)
Director reappointment, Thierry Cherpion (administrateur)
Director reappointment, Christian Jadot (administrateur)
Director reappointment, Quartier Libre sprl (administrateur)
Director appointment, Quartier Libre sprl (administrateur délégué)
Auditor reappointment, commissaire, 3 ans

2016

20-05

State Gazette act Resignations & appointments

General meeting · Director resignation · Director discharge5 facts ▸

General meeting, 29/03/2016
Director resignation, CPI Architecture, spri (administrateur)
Director discharge, CPI Architecture, spri
Director resignation, Marc Thill (Administrateur délégué)
Director appointment, David Roulin (Administrateur délégué)

2015

16-12

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2014-06-08
Director resignation, David Roulin (administrateur)
Director appointment, Quartier Libre, sprl (administrateur)
Permanent representative, David Roulin

05-03

State Gazette act Resignations & appointments

General meeting · Director reappointment · Director appointment12 facts ▸

General meeting, 2015-01-26
Director reappointment, Marc Thill (administrateur)
Director reappointment, Atelier L Deleuze & Associés, sprl (administrateur)
Director reappointment, Héliotrope Architecture, sprl (administrateur)
Director reappointment, David Roulin (administrateur)
Director reappointment, Christian Jadot (administrateur)
Director reappointment, CPI architecture, sprl (administrateur)
Director reappointment, Bruno Caballé (administrateur)
Director reappointment, Gilles Bourgeois (administrateur)
Director reappointment, Philippe Bultot (administrateur)
Director reappointment, Thierry Cherpion (administrateur)
Director appointment, Marc Thill (administrateur-délégué)

2014

24-10

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2014-05-26
Director resignation, Luc Deleuze (administrateur)
Director appointment, Atelier Deleuze & Associés (administrateur)
Permanent representative, Luc Deleuze

24-10

State Gazette act Resignations & appointments

General meeting · Director appointment2 facts ▸

General meeting, 2014-09-29
Director appointment, Thierry Cherpion (administrateur)

09-05

State Gazette act Resignations & appointments

General meeting · Director discharge · Auditor appointment3 facts ▸

General meeting, 2014-03-17
Director discharge, ART and BUILD
Auditor appointment, CDP De Wulf & Co (commissaire)

28-03

State Gazette act Resignations & appointments

General meeting · Director appointment2 facts ▸

General meeting, 2014-01-27
Director appointment, Philippe Bultot (administrateur supplémentaire)

2013

26-03

State Gazette act Resignations & appointments

General meeting · Director appointment · Director reappointment10 facts ▸

General meeting, 2013-01-28
Director appointment, Luc Deleuze (administrateur)
Director appointment, Gilles Bourgeois (administrateur)
Director appointment, Christian Jadot (administrateur)
Director reappointment, Marc Thill (administrateur)
Director reappointment, CPI Architecture, sprl (administrateur)
Director reappointment, Héliotrope, sprl (administrateur)
Director reappointment, Bruno Caballe (administrateur)
Director reappointment, David Roulin (administrateur)
Director appointment, Marc Thill (administrateur délégué)

2012

01-08

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2012-07-02
Director resignation, Alain Wouters (administrateur)
Director appointment, HELIOTROPE Architecte, sprl (administrateur)
Permanent representative, Alain Wouters

20-06

State Gazette act Resignations & appointments

General meeting · Director appointment2 facts ▸

General meeting, 2012-01-23
Director appointment, Lionel Kervyn da Silva Lucas (administrateur)

17-04

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 2011-12-05
Auditor appointment, HLB Dodémont - Van Impe & Co (commissaire)

2011

21-12

State Gazette act Capital & shares

General meeting · Share transfer2 facts ▸

General meeting, 2011-10-31
Share transfer, Steven BECKERS → ART AND BUILD

18-03

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital decrease · Share cancellation18 facts ▸

General meeting, 2011-02-18
Capital decrease, €82.828
Share cancellation, 4840, rachat à Messieurs LALLEMAND, BECKERS et da SILVA LUCAS
Capital, €331.316
Statutes amendment
Power of attorney, Stéphanie Emaelsteen
Power of attorney, Catherine Lelong
Shareholding, 4000
Shareholding, 3001
Shareholding, 3000
Shareholding, 1916
Shareholding, 2050
+6 further facts in this act

14-03

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2011-01-24
Director resignation, Charlotte PIJCKE (administrateur)
Director appointment, CPI ARCHITECTURE (administrateur)
Permanent representative, Charlotte PIJCKE

2010

18-11

State Gazette act Resignations & appointments

General meeting · Director reappointment5 facts ▸

General meeting, 2010-01-25
Director reappointment, Pierre LALLEMAND (administrateur)
Director reappointment, Marc THILL (administrateur)
Director reappointment, Philippe VAN HALTEREN (administrateur)
Director reappointment, Isidore ZIELONKA (administrateur)

18-11

State Gazette act Resignations & appointments

General meeting · Director resignation · Director reappointment10 facts ▸

General meeting, 2010-09-10
Director resignation, Pierre LALLEMAND (administrateur)
Director resignation, Philippe VAN HALTEREN (administrateur)
Director resignation, Isidore ZIELONKA (administrateur)
Director reappointment, Marc THILL (administrateur)
Director reappointment, Alain WOUTERS (administrateur)
Director reappointment, Charlotte PIJCKE (administrateur)
Director appointment, Bruno CABALLE (administrateur)
Director appointment, David ROULIN (administrateur)
Director appointment, Marc THILL (administrateur délégué)

2009

04-08

State Gazette act Capital & shares · Statutes amendment · Resignations & appointments

General meeting · Capital increase · Capital5 facts ▸

General meeting, 2009-07-09
Capital increase, €189.144
Capital, €414.144
Statutes amendment
Power of attorney, Stéphanie Ernaelsteen

2008

04-08

State Gazette act Capital & shares · Statutes amendment · Restructuring

Merger · Accounting effect · Capital increase5 facts ▸

Merger, absorption, 1 action Art & Build SA pour 9 actions Art & Build Architectural Support
Accounting effect, 2008-04-01
Capital increase, €225.000
Capital, €286.500
Merger filing, 2008-05-28

06-06

State Gazette act Restructuring · Miscellaneous

Merger1 fact ▸

Merger

04-04

State Gazette act Capital & shares · Statutes amendment

General meeting · Capital · Capital decrease6 facts ▸

General meeting, 2008-03-06
Capital, €148.736,11
Capital decrease, €87.236,11
Capital, €61.500
Statutes amendment
Power of attorney, Stéphanie Ernaelsteen

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

26 directors, no change since 2024

VAN HALTEREN Philippe

Director · since 29-01-2019

Current

Marc THILL

Director · since 23-01-2017

Current

BULTOT Philippe

Director · since 27-01-2014

Current

Christian JADOT

Director · since 28-01-2013

Current

HELIOTROPE sprl

Director · since 28-01-2013 · Legal entity · perm. rep.: Alain WOUTERS

Current

Bruno CABALLE

Director · since 10-09-2010

Current

+ 12 not shown in this overview

13-07-2024 Luc Deleuze: Resigned as Director

29-01-2019 VAN HALTEREN Philippe: Appointed as Director

29-01-2019 Marc THILL: Appointed as Director

29-01-2019 BULTOT Philippe: Appointed as Director

29-01-2019 Christian JADOT: Appointed as Director

29-01-2019 Bruno CABALLE: Appointed as Director

29-01-2019 HELIOTROPE: Appointed as Director

29-01-2019 Luc Deleuze: Appointed as Director

28-01-2019 QUARTIER LIBRE: Resigned as Administrateur et administrateur délégué

21-12-2017 Thierry CHERPION: Resigned as Director

23-01-2017 Marc THILL: Mandate renewed as Director

23-01-2017 BULTOT Philippe: Mandate renewed as Director

23-01-2017 Christian JADOT: Mandate renewed as Director

23-01-2017 HELIOTROPE sprl: Mandate renewed as Director

23-01-2017 Bruno CABALLE: Mandate renewed as Director

23-01-2017 Deleuze & Associés sprl: Mandate renewed as Director

23-01-2017 Gilles Bourgeois: Mandate renewed as Director

23-01-2017 Quartier Libre sprl: Mandate renewed as Director

23-01-2017 Quartier Libre sprl: Appointed as Managing director

23-01-2017 Thierry CHERPION: Mandate renewed as Director

20-05-2016 CPI Architecture, spri: Resigned as Director

29-03-2016 David Roulin: Appointed as Managing director

29-02-2016 Marc THILL: Resigned as Managing director

26-01-2015 Marc THILL: Mandate renewed as Director

+ 40 not shown in this overview

Location & real-estate footprint

Registered office, Sint-Gillis (bij-Brussel)

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Waterlose Steenweg 2551060 Sint-Gillis (bij-Brussel)

Ground area

648 m²

Building footprint

614 m²

Volume, LiDAR

13,507 m³

Parcel 21013B0392/00A011, Brussels · tallest building 29.3 m, ±8 floors. Linked by address, not a title deed.

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21013B0392/00A011	Brussels	648 m²	1 · 614 m²	29.3 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

4 auditors

Callens, Pirenne, Theunissen & C°

Commissaire · represented by Gonzague Lepine

21-12-2017 → 15-05-2018

Show 3 earlier auditors

CDP DE WULF Auditor	21-12-2017 → 15-05-2018
CDP De Wulf & Co Commissaire succeeded by Callens, Pirenne, Theunissen & C° in 2017	01-10-2013 → 21-12-2017
HLB Dodémont - Van Impe & Co Commissaire succeeded by CDP De Wulf & Co in 2013	01-10-2010 → 01-10-2013